HYHG
High Yield—Interest Rate Hedged
Why Invest in 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.
Why Invest in 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
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
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
HYHG Market Price | 1.19% | 3.77% | 8.88% | 3.94% | 15.50% | 6.47% | 4.99% | 3.48% | 3.61% | 05/21/2013 |
HYHG NAV | 1.17% | 3.97% | 9.37% | 4.09% | 15.67% | 6.56% | 5.03% | 3.54% | 3.62% | 05/21/2013 |
FTSE High Yield (Treasury Rate-Hedged) Index | 0.92% | 4.09% | 9.73% | 4.19% | 15.92% | 6.91% | 5.37% | 4.24% | 4.35% | -- |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
HYHG Market Price | 0.44% | 2.71% | 7.43% | 2.71% | 14.17% | 6.07% | 5.07% | 3.36% | 3.53% | 05/21/2013 |
HYHG NAV | 1.01% | 2.89% | 7.64% | 2.89% | 14.77% | 6.31% | 5.14% | 3.42% | 3.54% | 05/21/2013 |
FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.24% | 8.04% | 3.24% | 15.59% | 6.76% | 5.55% | 4.15% | 4.29% | -- |
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
Characteristics
as of 4/30/2024- Number of Companies 220
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- Weighted Average Yield to
Maturity7.87% - Net Effective Duration -0.04%
Price
as of 5/09/2024- NAV $64.00
- NAV Change $-0.14
- Market Price $64.16
- Market Price Change $-0.16
- Trading Volume (M) 6,990
- 30-Day Median Bid Ask Spread 0.47%
- View Premium / Discount
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Unitary Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 4/30/2024- Number of Companies 220
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Distribution Yield --
Distribution Yield represents the annualized yield based on the last income distribution.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- Weighted Average Yield to Maturity 7.87%
- Net Effective Duration -0.04%
Price
as of 5/09/2024- NAV $64.00
- NAV Change $-0.14
- Market Price $64.16
- Market Price Change $-0.16
- Trading Volume (M) 6,990
- 30-Day Median Bid Ask Spread 0.47%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 5/09/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.78% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $2,426,433.88 | 2,491,000 | BM9QGV5 |
1.40% | -- | ORGANON & CO/ORG | 4.13% | 04/30/2028 | -- | $1,907,388.57 | 2,068,000 | BMV1LQ8 |
1.29% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,752,854.73 | 1,869,000 | BN765Z1 |
1.21% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,642,716.83 | 1,719,000 | BN2QTP4 |
1.21% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,641,328.30 | 1,614,000 | BPX27Q2 |
1.15% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $1,561,729.64 | 1,942,000 | BN2R7D1 |
1.13% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,538,930.58 | 1,523,000 | BQ67HZ0 |
0.98% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,332,988.07 | 1,342,000 | BPVDS42 |
0.95% | -- | MAUSER PACKAGING SOLUT | 7.88% | 08/15/2026 | -- | $1,292,821.80 | 1,285,000 | BQB4RH8 |
0.95% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,288,129.45 | 1,294,000 | BQB9NW0 |
0.95% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $1,286,918.48 | 1,469,000 | BMT6QQ0 |
0.92% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,250,440.68 | 1,324,000 | BMWDGR9 |
0.91% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,242,402.04 | 1,265,000 | BMHYR18 |
0.91% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,239,108.22 | 1,384,000 | BMW7NB4 |
0.90% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,226,867.26 | 1,132,000 | BQ80PR5 |
0.89% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,215,739.89 | 1,249,000 | BRJQLF9 |
0.86% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,168,678.17 | 1,169,000 | BPLP3M1 |
0.84% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $1,136,832.97 | 1,161,000 | BMZRC58 |
0.80% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,094,361.73 | 1,144,000 | BNTY069 |
0.80% | -- | SIRIUS XM RADIO INC | 4.00% | 07/15/2028 | -- | $1,091,848.96 | 1,206,000 | BMBJVY0 |
0.80% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $1,090,236.64 | 1,196,000 | BMW4P42 |
0.77% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,043,540.86 | 1,032,000 | BS2FZM5 |
0.76% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,039,945.71 | 1,000,000 | BL6CM66 |
0.76% | -- | UNITED AIRLINES INC | 4.63% | 04/15/2029 | -- | $1,033,331.30 | 1,116,000 | BMG8788 |
0.75% | -- | BLOCK INC | 2.75% | 06/01/2026 | -- | $1,025,909.55 | 1,089,000 | BMX4FJ6 |
0.75% | -- | DISH DBS CORP | 5.25% | 12/01/2026 | -- | $1,018,502.44 | 1,284,000 | BNRLYV5 |
0.72% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $981,869.20 | 966,000 | BR1H7L8 |
0.72% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $973,518.51 | 1,023,000 | BQKN5B6 |
0.71% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $964,673.57 | 1,099,000 | BPVBYZ9 |
0.71% | -- | CARNIVAL CORP | 4.00% | 08/01/2028 | -- | $962,428.50 | 1,042,000 | BMD9Z35 |
0.70% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $956,663.61 | 922,000 | BRK4301 |
0.70% | -- | POST HOLDINGS INC | 4.63% | 04/15/2030 | -- | $955,568.28 | 1,048,000 | BLCF601 |
0.70% | -- | CALPINE CORP | 4.50% | 02/15/2028 | -- | $949,523.89 | 1,002,000 | BJVS9S6 |
0.69% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $941,512.68 | 967,000 | BM8H783 |
0.68% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $930,968.36 | 916,000 | BNDQTF3 |
0.66% | -- | ICAHN ENTERPRISES/FIN | 6.25% | 05/15/2026 | -- | $900,502.62 | 917,000 | BJ11SH7 |
0.66% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $899,103.51 | 993,000 | BNHT925 |
0.66% | -- | AMERICAN AIRLINES/AADVAN | 5.50% | 04/20/2026 | -- | $897,652.83 | 906,000 | BM8H716 |
0.64% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $868,597.40 | 967,000 | BMG1HP4 |
0.62% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $840,812.13 | 862,000 | BMG68Y5 |
0.62% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $836,948.37 | 865,000 | BMD14K1 |
0.61% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $832,138.23 | 914,000 | BN7SNC0 |
0.60% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $822,117.07 | 858,000 | BP0X973 |
0.60% | -- | NCL CORPORATION LTD | 5.88% | 03/15/2026 | -- | $815,649.85 | 831,000 | BMB5SR0 |
0.60% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $810,560.96 | 932,000 | BN7RYH9 |
0.59% | -- | UBER TECHNOLOGIES INC | 7.50% | 09/15/2027 | -- | $806,011.60 | 791,000 | BKPQNG9 |
0.59% | -- | VISTRA CORP | 5.00% | 07/31/2027 | -- | $799,486.00 | 828,000 | BHRH886 |
0.58% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $793,150.53 | 848,000 | BNNPV76 |
0.58% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $787,402.61 | 873,000 | BLN9LB8 |
0.58% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $786,140.47 | 862,000 | BNW2059 |
0.57% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $771,187.28 | 826,000 | BJNPGH3 |
0.57% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $768,624.17 | 822,000 | BNNTB78 |
0.56% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $761,672.45 | 770,000 | BS9C5X0 |
0.56% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $758,612.84 | 847,000 | BKPMPR2 |
0.55% | -- | NEWS CORP | 3.88% | 05/15/2029 | -- | $743,504.11 | 813,000 | BMV9PS2 |
0.53% | -- | WESCO DISTRIBUTION INC | 7.13% | 06/15/2025 | -- | $722,965.51 | 723,000 | BMYMZS8 |
0.53% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $721,026.58 | 899,000 | BNBTNV8 |
0.52% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $709,232.48 | 665,000 | BRT75V6 |
0.52% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $706,537.02 | 662,000 | BRBH8M6 |
0.52% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $703,740.44 | 746,000 | BMDB423 |
0.52% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $703,735.90 | 748,000 | BQ1PCD2 |
0.51% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $695,269.17 | 721,000 | BMC7DR0 |
0.51% | -- | ALTICE FRANCE SA | 5.13% | 07/15/2029 | -- | $693,619.05 | 1,061,000 | BM9V193 |
0.50% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $676,502.45 | 735,000 | BNTBJ41 |
0.50% | -- | AIR CANADA | 3.88% | 08/15/2026 | -- | $676,132.92 | 711,000 | BNNNHG1 |
0.49% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $667,516.27 | 628,000 | BLDCTF7 |
0.49% | -- | CLEAR CHANNEL OUTDOOR HO | 5.13% | 08/15/2027 | -- | $661,176.46 | 705,000 | BJ9NFT6 |
0.49% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $660,612.79 | 783,000 | BP7LR98 |
0.47% | -- | ROYAL CARIBBEAN CRUISES | 6.25% | 03/15/2032 | -- | $641,409.77 | 644,000 | BSNSDT6 |
0.46% | -- | VERITAS US INC/BERMUDA L | 7.50% | 09/01/2025 | -- | $628,987.51 | 690,000 | BL6B0F8 |
0.46% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $624,955.85 | 611,000 | BPG27W5 |
0.46% | -- | SELECT MEDICAL CORP | 6.25% | 08/15/2026 | -- | $619,603.53 | 619,000 | BKPHQM9 |
0.45% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $617,051.66 | 592,000 | BNRPC80 |
0.45% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $615,000.48 | 596,000 | BLC8Z03 |
0.45% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $611,967.46 | 652,000 | BMF4PS3 |
0.45% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $610,980.47 | 646,000 | BMVVY70 |
0.45% | -- | PRIME SECSRVC BRW/FINANC | 6.25% | 01/15/2028 | -- | $607,615.08 | 614,000 | BKVKXB0 |
0.45% | -- | ALLIED UNIVERSAL | 9.75% | 07/15/2027 | -- | $606,896.88 | 606,000 | BJYCQ84 |
0.45% | -- | ALTICE FRANCE SA | 5.50% | 10/15/2029 | -- | $606,631.74 | 928,000 | BMXJSV4 |
0.45% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $606,178.97 | 548,000 | BR1YST4 |
0.44% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $593,200.95 | 612,000 | BKPGFV8 |
0.44% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $592,417.58 | 622,000 | BLCC408 |
0.43% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $588,838.25 | 550,000 | BRCDDH3 |
0.43% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $584,923.16 | 650,000 | BLSN159 |
0.43% | -- | NOVELIS CORP | 4.75% | 01/30/2030 | -- | $579,280.10 | 624,000 | BKLPSC1 |
0.42% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $577,543.58 | 542,000 | BQFHT88 |
0.42% | -- | STANDARD INDUSTRIES INC | 4.38% | 07/15/2030 | -- | $575,991.36 | 642,000 | BMYXXP4 |
0.42% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $569,949.61 | 853,000 | BMF4PW7 |
0.42% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $567,992.39 | 605,000 | BM9QJS3 |
0.42% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $565,679.45 | 564,000 | BQB88K0 |
0.40% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $550,289.59 | 634,000 | BMX50K5 |
0.40% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $550,124.70 | 589,000 | BM8H4Y8 |
0.40% | -- | CSC HOLDINGS LLC | 5.75% | 01/15/2030 | -- | $548,544.73 | 1,386,000 | BKFH0Y9 |
0.40% | -- | SOUTHWESTERN ENERGY CO | 4.75% | 02/01/2032 | -- | $546,772.20 | 600,000 | BMH4406 |
0.40% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $543,257.00 | 500,000 | BS3BCF4 |
0.39% | -- | WINDSTREAM ESCROW LLC | 7.75% | 08/15/2028 | -- | $531,722.04 | 556,000 | BMH17V9 |
0.39% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $530,230.58 | 514,000 | BS7XRZ1 |
0.39% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $525,355.01 | 506,000 | BPK4CP5 |
0.38% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $523,624.37 | 477,000 | BR1H4Z1 |
0.38% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $521,642.23 | 504,000 | BPG22V9 |
0.38% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $511,378.32 | 598,000 | BM94BT2 |
0.38% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $510,256.07 | 558,000 | BLDBLN6 |
0.37% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $509,294.50 | 523,000 | BMDXC58 |
0.37% | -- | JANE STREET GROUP / JSG FINANCE INC CALLABLE NOTES FIXED 7.125% 30/APR/2031 USD 1000 | -- | -- | -- | $508,794.17 | 500,000 | -- |
0.37% | -- | PANTHER ESCROW ISSUER LLC CALLABLE NOTES FIXED 7.125% 01/JUN/2031 USD 1000 | -- | -- | -- | $508,421.50 | 500,000 | -- |
0.37% | -- | LEVEL 3 FINANCING INC CALLABLE NOTES FIXED 11% 15/NOV/2029 USD 1 | -- | -- | -- | $506,984.00 | 500,000 | -- |
0.37% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $499,738.41 | 552,000 | BMFNGQ5 |
0.37% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $499,347.65 | 500,000 | BS7Y6M4 |
0.36% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $495,668.95 | 500,000 | BPW9BQ2 |
0.36% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $490,409.24 | 549,000 | BPLFC68 |
0.36% | -- | HAWAIIAN BRAND INTELLECT | 5.75% | 01/20/2026 | -- | $486,304.38 | 518,000 | BMGWDD7 |
0.36% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $486,166.99 | 477,000 | BMYMZT9 |
0.36% | -- | VERICAST CORP | 11.00% | 09/15/2026 | -- | $484,710.00 | 453,000 | BP96BJ9 |
0.36% | -- | CITGO PETROLEUM CORP | 7.00% | 06/15/2025 | -- | $483,769.37 | 484,000 | BM9SDG5 |
0.35% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $481,006.05 | 500,000 | BPP2DX9 |
0.35% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $480,048.63 | 453,000 | BMCMQL0 |
0.35% | -- | NEXSTAR MEDIA INC | 5.63% | 07/15/2027 | -- | $479,814.57 | 503,000 | BJXR8L7 |
0.35% | -- | CHS/COMMUNITY HEALTH SYS | 5.25% | 05/15/2030 | -- | $477,374.11 | 576,000 | BPVBWV1 |
0.35% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $476,280.23 | 463,000 | BRBCTZ1 |
0.35% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $470,569.69 | 509,000 | BLC9L19 |
0.34% | -- | MOHEGAN TRIBAL GAMING AU | 8.00% | 02/01/2026 | -- | $469,033.74 | 486,000 | BMYW168 |
0.34% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $466,547.85 | 450,000 | BR53N25 |
0.34% | -- | ROYAL CARIBBEAN CRUISES | 5.50% | 04/01/2028 | -- | $465,682.38 | 474,000 | BN486D5 |
0.34% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $464,294.05 | 561,000 | BKVH9C4 |
0.34% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $461,634.93 | 519,000 | BMT7QC9 |
0.34% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $461,588.61 | 464,000 | BRBDSH9 |
0.34% | -- | PRIME SECURITY SERVICES BORROWER LLC / PRIME FINANCE INC CALLABLE NOTES FIXED 3.375% 31/AUG/2027 USD 1000 | -- | -- | -- | $460,054.50 | 500,000 | -- |
0.34% | -- | VITAL ENERGY INC CALLABLE NOTES FIXED 7.875% 15/APR/2032 USD 1000 | -- | -- | -- | $459,049.52 | 451,000 | -- |
0.33% | -- | UNITED AIRLINES INC | 4.38% | 04/15/2026 | -- | $454,613.82 | 471,000 | BMG8799 |
0.33% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $454,389.26 | 446,000 | BNKBFF3 |
0.33% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $446,468.87 | 443,000 | BMFKW46 |
0.33% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $444,128.82 | 457,000 | BQ3QRD8 |
0.33% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $442,974.19 | 420,000 | BMGC188 |
0.32% | -- | NCR VOYIX CORP | 5.13% | 04/15/2029 | -- | $438,955.44 | 476,000 | BL6KR10 |
0.32% | -- | CRESCENT ENERGY FINANCE | 9.25% | 02/15/2028 | -- | $437,448.71 | 411,000 | BPQYX34 |
0.32% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $436,270.61 | 552,000 | BP4Z8H8 |
0.32% | -- | TRIUMPH GROUP INC | 9.00% | 03/15/2028 | -- | $434,171.23 | 417,000 | BQT56H6 |
0.32% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $432,969.20 | 419,000 | BPLL6H5 |
0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $431,411.64 | 449,000 | BMW2W01 |
0.31% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 10/15/2027 | -- | $427,420.04 | 430,000 | BJK69N6 |
0.31% | -- | SOUTHWESTERN ENERGY CO | 5.38% | 03/15/2030 | -- | $424,397.73 | 440,000 | BMDVV88 |
0.31% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $422,947.57 | 455,000 | BJLTTQ7 |
0.31% | -- | ARDAGH PKG FIN/HLDGS USA | 4.13% | 08/15/2026 | -- | $420,219.30 | 493,000 | BK5HL35 |
0.31% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $419,917.20 | 400,000 | BRT7527 |
0.31% | -- | CCO HLDGS LLC/CAP CORP | 4.75% | 03/01/2030 | -- | $417,692.96 | 491,000 | BK6WV51 |
0.31% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $415,901.29 | 443,000 | BMHBB51 |
0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $415,366.47 | 488,000 | BKPJT48 |
0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $413,542.09 | 400,000 | BR1YSV6 |
0.30% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $413,445.76 | 615,000 | BLB14D9 |
0.30% | -- | HERC HOLDINGS INC | 5.50% | 07/15/2027 | -- | $411,173.11 | 420,000 | BHWTW85 |
0.30% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $410,700.00 | 400,000 | BP5JP78 |
0.30% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $404,099.61 | 438,000 | BMW5D63 |
0.30% | -- | IQVIA INC | 5.00% | 05/15/2027 | -- | $401,801.85 | 412,000 | BK62T46 |
0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $399,323.09 | 432,000 | BMY8TS4 |
0.29% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $392,625.44 | 456,000 | BNM51T9 |
0.29% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $392,027.52 | 432,000 | BNQPRV9 |
0.29% | -- | CALPINE CORP | 5.13% | 03/15/2028 | -- | $391,564.53 | 409,000 | BKZMMC6 |
0.29% | -- | ILIAD HOLDING SAS | 6.50% | 10/15/2026 | -- | $389,963.62 | 391,000 | BLCW8V7 |
0.28% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $386,333.44 | 422,000 | BP83D39 |
0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $380,903.72 | 415,000 | BNM5Z19 |
0.28% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $378,250.09 | 410,000 | BM9PWX6 |
0.28% | -- | EQM MIDSTREAM PARTNERS L | 4.75% | 01/15/2031 | -- | $376,834.91 | 407,000 | BMD50V6 |
0.28% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $376,404.74 | 373,000 | BM8K1F7 |
0.28% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $375,207.52 | 523,000 | BN6JYJ8 |
0.27% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $373,876.90 | 500,000 | BMDHSY1 |
0.27% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $372,752.84 | 393,000 | BMTN6F0 |
0.27% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $368,434.05 | 370,000 | BMCGQ56 |
0.27% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $362,696.04 | 367,000 | BMVXP62 |
0.27% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $362,023.35 | 394,000 | BMBV4H0 |
0.27% | -- | TRIVIUM PACKAGING FIN | 5.50% | 08/15/2026 | -- | $361,084.03 | 367,000 | BK0YKJ0 |
0.26% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $358,756.83 | 392,000 | BMXHJH1 |
0.26% | -- | COMMSCOPE INC | 4.75% | 09/01/2029 | -- | $355,311.00 | 495,000 | BLDBLL4 |
0.26% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $353,402.84 | 424,000 | BNKLFF3 |
0.26% | -- | NMG HLDCO/NEIMAN MARCUS | 7.13% | 04/01/2026 | -- | $353,009.19 | 354,000 | BNRLH72 |
0.26% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $349,712.21 | 398,000 | BMD9BZ9 |
0.25% | -- | UBER TECHNOLOGIES INC | 4.50% | 08/15/2029 | -- | $342,492.73 | 364,000 | BNSNM61 |
0.25% | -- | ENDO FINANCE HOLDINGS INC CALLABLE NOTES FIXED 8.5% 15/APR/2031 USD 1000 | -- | -- | -- | $340,210.02 | 331,000 | -- |
0.25% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $337,373.86 | 435,000 | BMH8323 |
0.25% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2027 | -- | $334,910.53 | 334,000 | BNHV2Z5 |
0.24% | -- | 1011778 BC / NEW RED FIN | 3.88% | 01/15/2028 | -- | $331,829.88 | 358,000 | BJJJT70 |
0.24% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $330,036.37 | 336,000 | BN95KZ1 |
0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $328,902.66 | 361,000 | BNKFMN2 |
0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $327,867.50 | 384,000 | BN6KWY2 |
0.24% | -- | VIRGIN MEDIA SECURED FIN | 5.50% | 05/15/2029 | -- | $322,481.65 | 353,000 | BJDQX75 |
0.24% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $322,152.44 | 380,000 | BMG3813 |
0.24% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $321,929.06 | 319,000 | BM8SW92 |
0.23% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $315,996.20 | 514,000 | BLBQF75 |
0.23% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $314,223.55 | 360,000 | BNHW2C5 |
0.23% | -- | STANDARD INDUSTRIES INC | 3.38% | 01/15/2031 | -- | $312,448.94 | 374,000 | BMFNDV9 |
0.23% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $311,514.60 | 300,000 | BNQQSS6 |
0.23% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $309,181.06 | 301,000 | BMZMHS1 |
0.23% | -- | AMC NETWORKS INC | 4.25% | 02/15/2029 | -- | $308,981.99 | 440,000 | BLCHH93 |
0.22% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $297,012.19 | 324,000 | BMH29D8 |
0.22% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $293,453.94 | 332,000 | BLFGYK7 |
0.21% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $285,968.33 | 373,000 | BLBQFB9 |
0.21% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $285,257.55 | 340,000 | BMFBJQ0 |
0.21% | -- | GRAY TELEVISION INC | 5.38% | 11/15/2031 | -- | $283,455.23 | 458,000 | BM93J39 |
0.20% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $268,890.78 | 659,000 | BM9TR00 |
0.20% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $267,042.09 | 366,000 | BP9LWV3 |
0.19% | -- | LUMEN TECHNOLOGIES INC | 4.00% | 02/15/2027 | -- | $255,000.00 | 500,000 | BH3T5T6 |
0.18% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $249,731.76 | 256,000 | BQB7JV5 |
0.18% | -- | TRANSOCEAN INC | 8.75% | 02/15/2030 | -- | $239,187.92 | 228,600 | BL0NW76 |
0.16% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $221,769.79 | 268,000 | BNHS096 |
0.15% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $207,822.46 | 238,000 | BN7S9F5 |
0.15% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $198,820.49 | 211,000 | BL57W73 |
0.14% | -- | CMG MEDIA CORPORATION | 8.88% | 12/15/2027 | -- | $188,031.58 | 353,000 | BK7CY84 |
0.13% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $182,954.63 | 178,000 | BQKRVC1 |
0.13% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $179,236.99 | 198,000 | BMVXSB8 |
0.12% | -- | ALBERTSONS COS/SAFEWAY | 4.63% | 01/15/2027 | -- | $165,472.78 | 171,000 | BK0SQV6 |
0.12% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $162,512.29 | 425,000 | BM9M1M9 |
0.12% | -- | PG&E CORP | 5.00% | 07/01/2028 | -- | $157,883.08 | 164,000 | BLCC3Z6 |
0.11% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $152,558.64 | 165,000 | BP815Z9 |
0.09% | -- | SIRIUS XM RADIO INC | 3.88% | 09/01/2031 | -- | $119,374.84 | 146,000 | BM9SD09 |
0.07% | -- | CAESARS ENTERTAIN INC | 8.13% | 07/01/2027 | -- | $101,914.50 | 100,000 | BLFBXK5 |
0.07% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $99,797.10 | 100,000 | BNM6H94 |
0.07% | -- | ORGANON & CO/ORG | 5.13% | 04/30/2031 | -- | $90,885.76 | 103,000 | BMV1L02 |
0.05% | -- | ICAHN ENTERPRISES/FIN | 5.25% | 05/15/2027 | -- | $63,945.65 | 69,000 | BLGSGV7 |
0.04% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $56,562.29 | 60,000 | BNBTL14 |
0.03% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $37,402.14 | 42,000 | BMXC0P1 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $5,884,507.88 | 5,884,508 | -- |
-25.27% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2024 TYM4 COMDTY | -- | -- | -34,364,531 | -- | -315 | -- |
-33.96% | -- | US 2YR NOTE (CBT) BOND 28/JUN/2024 TUM4 COMDTY | -- | -- | -46,196,273 | -- | -227 | -- |
-38.75% | -- | US 5YR NOTE (CBT) BOND 28/JUN/2024 FVM4 COMDTY | -- | -- | -52,706,297 | -- | -498 | -- |
Index
as of 3/28/2024
- Total Number of Issues237
- Long Portfolio Duration3.56
- Net Effective Duration0.00
- Long Portfolio Yield7.88
- Net Index Yield9.04
About the Index
The index is comprised of (a) long positions in USD-denominated high yield corporate bonds ("high yield bonds") and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration. In entering these positions, the index seeks to achieve an overall effective duration of zero.
By taking such short positions, the index seeks to mitigate the potential negative impact of rising Treasury interest rates ("interest rates") on the performance of high yield bonds (conversely limiting the potential positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of high yield bonds, such as credit risk, which may have a greater impact than rising or falling interest rates.
The long high yield corporate bond positions included in the index are designed to represent the more liquid universe of high yield bonds for sale within the United States. Currently, the bonds eligible for inclusion in the index include high yield bonds that are issued by companies domiciled in the U.S. and Canada, and that are: fixed rate (including callable bonds); have a maximum rating of Ba1/BB+ by both Moody's Investors Service, Inc. ("Moody's") and Standard and Poor's Financial Services, LLC ("S&P"); and are subject to minimum issue outstanding, minimum time to maturity and maximum time from issuance criteria. Pay-in-kind bonds (which allow issuers the option of paying bondholders interest in additional securities or cash) are excluded. No more than two issues from each issuer are allowed, and no more than 2% of the index is allocated to any single issuer.
The index is reconstituted and rebalanced (including a reset of the duration-equivalent short position in Treasury Securities) on a monthly basis.
Distributions
For
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
---|