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Four New ETFs To Trade

NEW YORK (TheStreet Ratings) -- Month after month the list of exchange-traded funds continues to grow. Each narrow sub-category of investment classification is a candidate for its own fund.

To qualify for a risk-adjusted return ranking with TheStreet Ratings, a new exchange-traded fund must trade for a full year. 209 new exchange-traded funds with less than one year of history are slated to be added to our universe of rated funds over the next 12 months.

Four new funds from ProShares Advisors LLC covering segments of the fixed income market that launched in April turned in their first full calendar month of trading.

ProShares UltraShort 3-7 Year Treas (TBZ) began trading on April 4, 2011. The Fund seeks daily investment results that correspond to twice the inverse of the daily performance of an index targeted to three to seven year U.S. Treasury securities. The Fund invests in derivatives that ProShare Advisors believes should have similar daily performance characteristics as twice the inverse of the daily return of the Index. In May, the fund lost 2.5%.

ProShares Short 7-10 Year Treasury (TBX) began trading on April 4, 2011. The Fund seeks daily investment results, before fees and expenses that correspond to the inverse of the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Bond Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than one day. In May, the fund lost 2.7%.

ProShares Ultra Invest Grade Corp (IGU) began trading on April 13, 2011. The Fund seeks daily investment results, before fees and expenses, that correspond to twice the return of the Markit iBoxx $ Liquid InvestmentGrade Index. In May, the fund gained 0.4%.

ProShares Ultra High Yield (UJB) began trading on April 13, 2011. The Fund seeks daily investment results, before fees and expenses, that correspond to twice the return of the Markit iBoxx $ Liquid High Yield Index. In May, the fund lost 1.6%.

With any new trading vehicle it is important understand the unique risks involved. Read the prospectus of each new security before investing and find more information in our Ratings Research Center.

-- Reported by Kevin Baker in Jupiter, Fla.



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Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering equity and mutual fund ratings. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

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