ProShares Short 20+ Year Treasury (TBF) is an exchange-traded fund in the Trading Inverse Debt category. It has $86.93M in assets, an expense ratio of 0.95% and a 2.80% dividend yield. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. The fund is non-diversified.