HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 260 Nontraditional Bond funds based on risk-adjusted returns as of 12/31/24.
Why HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
View all Fund
detail sections
Why HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Month-End Total Returns as of 2/28/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 1.41% | 3.33% | 7.21% | 2.63% | 11.83% | 9.42% | 7.27% | 4.76% | 4.20% | 05/21/2013 |
| HYHG NAV | -0.56% | 1.31% | 4.89% | 0.81% | 9.69% | 8.70% | 6.91% | 4.52% | 3.99% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | -0.44% | 1.36% | 5.02% | 0.92% | 10.13% | 9.13% | 7.29% | 5.16% | 4.70% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.68% | 3.40% | 6.29% | 11.42% | 11.42% | 7.90% | 5.88% | 4.74% | 4.02% | 05/21/2013 |
| HYHG NAV | 0.50% | 2.96% | 5.83% | 10.84% | 10.84% | 7.75% | 5.82% | 4.61% | 3.97% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.44% | 2.94% | 5.78% | 11.26% | 11.26% | 8.06% | 6.19% | 5.25% | 4.68% | -- |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
About the Fund
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 2/28/2025- Number of Companies 228
- Net Effective Duration -0.17%
Price
as of 4/03/2025- NAV $62.72
- NAV Change $-1.08
- Market Price $63.17
- Market Price Change $-0.80
- Trading Volume (M) 27,507
- 30-Day Median Bid Ask Spread 0.42%
- View Premium / Discount
Distributions
as of 2/28/2025- SEC 30-Day Yield 6.92%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- Distribution Frequency Monthly
- 12-Month Distribution Rate 6.69%
12-Month Distribution Rate represents the sum of the fund’s distributions for the last 12 months, expressed as a percentage of the NAV at the announcement of the most recent distribution.
- Distribution Details
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 2/28/2025- Number of Companies 228
- Net Effective Duration -0.17%
Price
as of 4/03/2025- NAV $62.72
- NAV Change $-1.08
- Market Price $63.17
- Market Price Change $-0.80
- Trading Volume (M) 27,507
- 30-Day Median Bid Ask Spread 0.42%
- View Premium / Discount
Distributions
as of 2/28/2025- SEC 30-Day Yield 6.92%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- Distribution Frequency Monthly
- 12-Month Distribution Rate 6.69%
12-Month Distribution Rate represents the sum of the fund’s distributions for the last 12 months, expressed as a percentage of the NAV at the announcement of the most recent distribution.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 4/03/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.41% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,428,805.50 | 2,511,000 | BN2QTP4 |
| 1.37% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,363,913.53 | 2,661,000 | BN2R7D1 |
| 1.31% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,261,117.11 | 2,173,000 | BQB9NW0 |
| 1.22% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $2,102,629.56 | 2,208,000 | BNNTB78 |
| 1.20% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,077,715.70 | 2,167,000 | BMWDGR9 |
| 1.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,960,462.20 | 2,026,000 | BN765Z1 |
| 1.11% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,909,057.50 | 1,953,000 | BSMMD99 |
| 1.11% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $1,906,759.71 | 2,076,000 | BMYXXP4 |
| 1.10% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $1,895,193.58 | 2,086,000 | BMT7QC9 |
| 1.02% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,761,379.86 | 1,765,000 | BMHYR18 |
| 1.01% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $1,743,108.88 | 1,765,000 | BM9QGV5 |
| 1.01% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,737,726.00 | 1,707,000 | BQ67HZ0 |
| 0.97% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,670,019.53 | 1,735,000 | BM8H783 |
| 0.91% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,573,084.16 | 1,662,000 | BNTY069 |
| 0.90% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,555,282.36 | 1,485,000 | BP6GPK1 |
| 0.83% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,433,910.32 | 1,420,000 | BS2FZM5 |
| 0.80% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,385,061.34 | 1,300,000 | BQ80PR5 |
| 0.80% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,382,934.23 | 1,382,000 | BRK4301 |
| 0.77% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,328,212.66 | 1,321,000 | BPH26F0 |
| 0.77% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $1,325,197.16 | 1,400,000 | BRBCV11 |
| 0.77% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,321,325.98 | 1,420,000 | BMBJVY0 |
| 0.76% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,304,122.03 | 1,283,000 | BS2FMQ8 |
| 0.75% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,294,288.73 | 1,246,000 | BL6CM66 |
| 0.74% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,284,669.60 | 1,290,000 | BPLP3M1 |
| 0.74% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,282,396.13 | 1,384,000 | BMW7NB4 |
| 0.72% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $1,240,761.36 | 1,243,000 | BQ2KRF3 |
| 0.71% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $1,223,439.06 | 1,231,000 | BNTZ4D7 |
| 0.71% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,221,011.58 | 1,210,000 | BS561W7 |
| 0.68% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,175,850.38 | 1,162,000 | BNM6H94 |
| 0.68% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,167,022.06 | 1,123,000 | BR54DP1 |
| 0.68% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,165,716.10 | 1,244,000 | BN7SNC0 |
| 0.67% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $1,163,067.52 | 1,170,000 | BMBN777 |
| 0.67% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,159,830.77 | 1,211,000 | BL57W73 |
| 0.67% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,149,517.04 | 1,223,000 | BMVXSB8 |
| 0.67% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,148,162.18 | 1,170,000 | BRJQLF9 |
| 0.67% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,147,330.93 | 1,134,000 | BTCCGD1 |
| 0.66% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,137,501.35 | 1,330,000 | BS89C64 |
| 0.65% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,128,115.10 | 1,133,000 | BPVDS42 |
| 0.65% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,113,549.37 | 1,100,000 | BRSF6F2 |
| 0.64% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $1,111,078.19 | 1,107,000 | BNDQTF3 |
| 0.63% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,085,345.17 | 1,085,000 | BPW9BQ2 |
| 0.61% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,048,473.00 | 1,201,000 | BQKN5B6 |
| 0.60% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,028,294.38 | 1,040,000 | BP812N6 |
| 0.59% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $1,026,018.32 | 1,135,000 | BLFGYK7 |
| 0.59% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $1,016,649.50 | 1,023,000 | BSNQ215 |
| 0.58% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,005,800.04 | 1,000,000 | BR4XVS8 |
| 0.58% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $996,960.00 | 1,000,000 | BPH25H5 |
| 0.57% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $987,379.53 | 1,155,000 | BMV1L02 |
| 0.56% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $967,299.20 | 980,000 | BSVLRC8 |
| 0.56% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $961,755.69 | 971,000 | BMF9C65 |
| 0.56% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $960,488.86 | 1,045,000 | BLN9LB8 |
| 0.55% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $952,052.44 | 1,001,000 | BRXCZB7 |
| 0.55% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $946,421.43 | 1,098,000 | BM94BT2 |
| 0.55% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $943,294.07 | 1,053,000 | BN7RYH9 |
| 0.55% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $942,638.64 | 1,208,000 | BLB14D9 |
| 0.54% | -- | ADT SEC CORP | 4.13% | 08/01/2029 | -- | $936,665.60 | 1,000,000 | BNZKRX7 |
| 0.54% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $929,939.23 | 921,000 | BNRPC80 |
| 0.53% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $911,369.15 | 1,039,000 | BNNPV76 |
| 0.53% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $906,481.25 | 1,004,000 | BMT6QQ0 |
| 0.52% | -- | SAKS GLOBAL ENTERPRISES | 11.00% | 12/15/2029 | -- | $897,217.30 | 1,167,000 | BS495M5 |
| 0.52% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $896,647.19 | 809,000 | BS2FMP7 |
| 0.52% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $895,829.22 | 916,000 | BQXJKM7 |
| 0.52% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $894,488.95 | 995,000 | BMDHSY1 |
| 0.52% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $890,023.62 | 862,000 | BT3NFD6 |
| 0.51% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $888,066.16 | 976,000 | BRQPKY1 |
| 0.51% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $883,504.87 | 1,169,000 | BQWNRK7 |
| 0.51% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $876,699.07 | 835,000 | BPG22V9 |
| 0.49% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $838,252.31 | 894,000 | BMV1LQ8 |
| 0.48% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $833,645.26 | 844,000 | BPLPFQ9 |
| 0.48% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $829,694.25 | 770,000 | BRCDDH3 |
| 0.48% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $827,528.13 | 850,000 | BPP2DX9 |
| 0.48% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $827,200.48 | 834,000 | BLSN159 |
| 0.48% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $826,170.32 | 803,000 | BRBH8M6 |
| 0.47% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $805,099.11 | 797,000 | BRT75V6 |
| 0.46% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $801,381.78 | 789,000 | BMVXP62 |
| 0.46% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $792,220.19 | 755,000 | BNQQSS6 |
| 0.46% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $789,189.40 | 810,000 | BNBTL14 |
| 0.46% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $785,087.34 | 782,000 | BM8K1F7 |
| 0.45% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $777,841.96 | 851,000 | BNHW2C5 |
| 0.45% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $776,678.23 | 826,000 | BJNPGH3 |
| 0.45% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $773,362.59 | 865,000 | BS84LN9 |
| 0.45% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $772,547.00 | 786,000 | BM9QJS3 |
| 0.44% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $755,259.32 | 874,000 | BMFNDV9 |
| 0.44% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $754,439.20 | 789,000 | BM8H4Y8 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $747,342.25 | 751,000 | BPG27W5 |
| 0.42% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $732,188.54 | 780,000 | BM8K6S5 |
| 0.42% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $729,876.93 | 897,000 | BNHS096 |
| 0.42% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $725,577.14 | 709,000 | BLDCK76 |
| 0.42% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $722,905.66 | 750,000 | BT9NKJ1 |
| 0.42% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $716,537.59 | 759,000 | BMY8TS4 |
| 0.41% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $714,620.56 | 834,000 | BKVH9C4 |
| 0.41% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $707,638.14 | 748,000 | BQ1PCD2 |
| 0.41% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $704,364.60 | 721,000 | BMC7DR0 |
| 0.41% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $700,853.44 | 769,000 | BNDLGZ7 |
| 0.41% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $698,770.88 | 750,000 | BMXC0P1 |
| 0.40% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $696,207.41 | 746,000 | BMW4P42 |
| 0.40% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $690,126.95 | 729,000 | BMFBJS2 |
| 0.40% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $684,395.18 | 693,000 | BMG68Y5 |
| 0.39% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $678,936.07 | 684,000 | BTXQV60 |
| 0.39% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $678,680.10 | 745,000 | BNBTNV8 |
| 0.39% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $669,053.80 | 646,000 | BLC8Z03 |
| 0.38% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $656,569.52 | 690,000 | BS6V604 |
| 0.38% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $650,483.35 | 714,000 | BMH29D8 |
| 0.37% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $645,957.15 | 711,000 | BLC9L19 |
| 0.37% | -- | CELANESE US HOLDINGS LLC | 6.42% | 07/15/2027 | -- | $643,266.93 | 636,000 | BP9RBF8 |
| 0.37% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $641,747.71 | 655,000 | BP946X2 |
| 0.37% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $638,497.47 | 628,000 | BLDCTF7 |
| 0.37% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $638,231.89 | 635,000 | BRZWYJ6 |
| 0.37% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $634,265.24 | 679,000 | BNHT925 |
| 0.36% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $622,461.34 | 586,000 | BR1H7L8 |
| 0.36% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $621,665.83 | 646,000 | BMVVY70 |
| 0.36% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $618,516.58 | 614,000 | BMYMZT9 |
| 0.36% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $618,277.89 | 573,000 | BR1H4Z1 |
| 0.36% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $617,719.55 | 610,000 | BQB88K0 |
| 0.36% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $615,984.36 | 608,000 | BMCGQ56 |
| 0.36% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $614,418.92 | 624,000 | BS7XRZ1 |
| 0.35% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $610,451.51 | 665,000 | BPVBYZ9 |
| 0.35% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $607,166.04 | 649,000 | BTCK903 |
| 0.35% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $605,273.35 | 550,000 | BR1YST4 |
| 0.35% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $599,230.01 | 606,000 | BP091F3 |
| 0.34% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $585,449.88 | 581,000 | BPX27Q2 |
| 0.34% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $579,374.29 | 563,000 | BQKRVC1 |
| 0.34% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $578,577.12 | 622,000 | BMW5D63 |
| 0.33% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $576,357.39 | 653,000 | BPGM651 |
| 0.33% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $575,234.36 | 542,000 | BQFHT88 |
| 0.33% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $574,671.90 | 655,000 | BKPJT48 |
| 0.33% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $573,878.05 | 569,000 | BMCGQM3 |
| 0.33% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $570,011.24 | 566,000 | BP092P0 |
| 0.33% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $563,973.67 | 918,000 | BM93J39 |
| 0.33% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $561,754.04 | 556,000 | BNRPV83 |
| 0.33% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $560,813.78 | 557,000 | BMFKW46 |
| 0.32% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $558,512.79 | 640,000 | BMFBJQ0 |
| 0.32% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $555,420.00 | 536,000 | BRC2671 |
| 0.32% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $554,362.50 | 625,000 | BKPGFV8 |
| 0.32% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $551,027.67 | 614,000 | BMTN6F0 |
| 0.32% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $549,847.17 | 642,000 | BPLFC68 |
| 0.32% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $544,516.43 | 630,000 | BP7LR98 |
| 0.31% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $539,844.30 | 558,000 | BQ9D885 |
| 0.31% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $538,785.32 | 521,000 | BS88506 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $533,360.87 | 563,000 | BS3BCF4 |
| 0.31% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $530,729.80 | 542,000 | BSHT8Y5 |
| 0.31% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $526,539.01 | 542,000 | BMXHJH1 |
| 0.30% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $523,647.18 | 1,134,000 | BMW7N92 |
| 0.30% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $522,818.95 | 550,000 | BN0ZRZ9 |
| 0.30% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $522,282.86 | 529,000 | BR2NN28 |
| 0.30% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $521,332.82 | 500,000 | BS7Y6M4 |
| 0.30% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $520,377.72 | 502,000 | BPBRSM2 |
| 0.30% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $519,119.76 | 521,000 | BTTRMX1 |
| 0.30% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $515,843.14 | 529,000 | BMW2W01 |
| 0.30% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $513,417.56 | 500,000 | BRT7527 |
| 0.30% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $513,060.00 | 503,000 | BRRG7V9 |
| 0.30% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $512,224.37 | 523,000 | BMCMQL0 |
| 0.30% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $511,560.00 | 784,000 | BM9TR00 |
| 0.30% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $510,220.27 | 507,000 | BQ3QRD8 |
| 0.29% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $508,453.00 | 500,000 | BMVXP51 |
| 0.29% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $507,497.64 | 520,000 | BMC94W8 |
| 0.29% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $502,628.99 | 513,000 | BQ68CL4 |
| 0.29% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $499,878.95 | 539,000 | BKPMPR2 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $497,495.13 | 450,000 | BR1YSV6 |
| 0.29% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $496,955.57 | 489,000 | BT3CPW2 |
| 0.29% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $496,247.04 | 519,000 | BL54J73 |
| 0.29% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $495,738.87 | 532,000 | BM9PWX6 |
| 0.28% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $489,584.65 | 560,000 | BMG3813 |
| 0.28% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $488,738.15 | 500,000 | BV0YZ47 |
| 0.28% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $487,473.80 | 495,000 | BN6MM59 |
| 0.28% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $485,860.76 | 492,000 | BSNZ6B0 |
| 0.28% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $483,252.21 | 485,000 | BP092B6 |
| 0.28% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $478,805.06 | 572,000 | BNQPRV9 |
| 0.28% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $475,440.99 | 481,000 | BPK4CP5 |
| 0.27% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $473,837.47 | 500,000 | BRXZ215 |
| 0.27% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $469,379.32 | 521,000 | BN6KWY2 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $463,378.80 | 489,000 | BR4ZG56 |
| 0.26% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $456,696.00 | 450,000 | BP5JP78 |
| 0.26% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $453,212.77 | 465,000 | BMD14K1 |
| 0.26% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $452,905.65 | 450,000 | BR53N25 |
| 0.26% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $451,994.96 | 445,000 | BRBCTZ1 |
| 0.26% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $451,075.97 | 441,000 | BPLL6H5 |
| 0.26% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $446,617.71 | 446,000 | BMZBL86 |
| 0.26% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $440,401.74 | 440,000 | BS9C5X0 |
| 0.25% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $439,868.10 | 471,000 | BNM5Z19 |
| 0.25% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $438,479.24 | 426,000 | BMZMHS1 |
| 0.25% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $437,896.26 | 457,000 | BP815Z9 |
| 0.25% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $437,666.04 | 420,000 | BMGC188 |
| 0.25% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $431,781.31 | 436,000 | BN95KZ1 |
| 0.25% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $430,606.26 | 442,000 | BRK14M1 |
| 0.25% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $429,868.60 | 457,000 | BT7JWZ1 |
| 0.25% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $425,816.29 | 419,000 | BM8SW92 |
| 0.25% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $424,759.20 | 455,000 | BMFNGQ5 |
| 0.24% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $419,229.52 | 399,000 | BMJ0LG7 |
| 0.24% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $418,581.27 | 443,000 | BMHBB51 |
| 0.24% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $411,908.77 | 471,000 | BMBVFS8 |
| 0.23% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $404,265.58 | 451,000 | BSKP420 |
| 0.23% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $401,217.30 | 919,000 | BN6JYJ8 |
| 0.23% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $394,877.76 | 422,000 | BP83D39 |
| 0.23% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $392,567.22 | 384,000 | BNRPLW7 |
| 0.22% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $387,918.25 | 452,000 | BP4Z8H8 |
| 0.22% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $379,889.79 | 382,000 | BRBDSH9 |
| 0.22% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $375,827.84 | 382,000 | BRBVMG0 |
| 0.22% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $375,768.12 | 394,000 | BMBV4H0 |
| 0.22% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $375,244.05 | 431,000 | BRPT5J4 |
| 0.22% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $374,153.25 | 485,000 | BMH8323 |
| 0.21% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $357,779.39 | 424,000 | BNKLFF3 |
| 0.20% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $351,816.00 | 356,000 | BQB7JV5 |
| 0.20% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $345,790.10 | 346,000 | BMXHQ92 |
| 0.20% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $340,583.58 | 384,000 | BNM51T9 |
| 0.18% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $308,610.47 | 322,000 | BMDXC58 |
| 0.17% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $301,222.14 | 301,000 | BMJ0L90 |
| 0.16% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $279,956.38 | 296,000 | BNTBJ41 |
| 0.16% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $271,717.59 | 276,000 | BMF4PS3 |
| 0.15% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $263,296.38 | 281,000 | BNW2059 |
| 0.15% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $250,547.42 | 280,000 | BMD9BZ9 |
| 0.14% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $242,119.38 | 285,000 | BM9SD09 |
| 0.12% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $214,447.97 | 232,000 | BMDB423 |
| 0.09% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $152,554.65 | 166,000 | BNKFMN2 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $132,653.58 | 148,000 | BN7S9F5 |
| 0.08% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $131,328.71 | 155,000 | BM9NG16 |
| 0.06% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $95,204.37 | 204,000 | BM9M1M9 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $85,630.62 | 97,000 | BLD7383 |
| 0.04% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $72,983.61 | 76,000 | BLCC408 |
| 0.03% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $46,935.42 | 72,000 | BMF4PW7 |
| 0.02% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $26,915.88 | 27,000 | BP4YGK4 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $10,221.53 | 12,000 | BLDBLN6 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -11.17% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2025 TYM5 COMDTY | -- | -- | -19,261,547 | -- | -171 | -- |
| -31.57% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2025 TUM5 COMDTY | -- | -- | -54,469,391 | -- | -262 | -- |
| -59.15% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2025 FVM5 COMDTY | -- | -- | -102,031,875 | -- | -935 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $5,897,905.02 | 5,897,905 | -- |
Index
as of 12/31/2024
- Total Number of Issues232
- Long Portfolio Duration3.51
- Net Effective Duration0.01
- Long Portfolio Yield7.68
- Net Index Yield7.62
About the Index
The FTSE High Yield Treasury Rate Hedged Index is designed to measure the performance of high yield debt of U.S. and Canadian companies. The Index measures the performance of two positions: (1) a long position in high-yield corporate bonds; and (2) a duration matched short position in U.S. Treasury bonds.
Distributions
For
2025
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
Rising Rates Insights and Research
The Current Case for a Rate Hedged Bond Strategy
Even a minor rise in interest rates drags on corporate bond returns. Interest rate hedged strategies target zero rate risk while maintaining return potential.
Read More