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 1/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 1.21% | 3.19% | 6.54% | 1.21% | 12.59% | 8.89% | 6.45% | 5.07% | 4.10% | 05/21/2013 |
| HYHG NAV | 1.37% | 2.98% | 6.35% | 1.37% | 12.23% | 8.88% | 6.41% | 4.98% | 4.06% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.37% | 2.90% | 6.55% | 1.37% | 12.68% | 9.19% | 6.73% | 5.62% | 4.77% | -- |
| 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 12/31/2024- Number of Companies 220
- Net Effective Duration -0.12%
Price
as of 3/03/2025- NAV $64.91
- NAV Change $-0.41
- Market Price $65.04
- Market Price Change $-1.47
- Trading Volume (M) 29,992
- 30-Day Median Bid Ask Spread 0.35%
- View Premium / Discount
Distributions
as of 12/31/2024- SEC 30-Day Yield 6.93%
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.
- Annualized Distribution Rate 6.32%
Distribution Rate represents the annualized yield based on the last income distribution.
- Distribution Yield 6.32%
Distribution Yield represents the annualized yield based on the last income distribution.
- Distribution Frequency Monthly
- 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 12/31/2024- Number of Companies 220
- Net Effective Duration -0.12%
Price
as of 3/03/2025- NAV $64.91
- NAV Change $-0.41
- Market Price $65.04
- Market Price Change $-1.47
- Trading Volume (M) 29,992
- 30-Day Median Bid Ask Spread 0.35%
- View Premium / Discount
Distributions
as of 12/31/2024- SEC 30-Day Yield 6.93%
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.
- Annualized Distribution Rate 6.32%
Distribution Rate represents the annualized yield based on the last income distribution.
- Distribution Yield 6.32%
Distribution Yield represents the annualized yield based on the last income distribution.
- Distribution Frequency Monthly
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 3/03/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.38% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,466,491.47 | 2,511,000 | BN2QTP4 |
| 1.33% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,382,567.20 | 2,661,000 | BN2R7D1 |
| 1.29% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,294,829.07 | 2,173,000 | BQB9NW0 |
| 1.18% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,104,873.63 | 2,167,000 | BMWDGR9 |
| 1.12% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,995,638.47 | 2,026,000 | BN765Z1 |
| 1.11% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,982,072.44 | 1,953,000 | BSMMD99 |
| 1.01% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,795,454.43 | 1,775,000 | BPLP3M1 |
| 0.99% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,769,989.66 | 1,765,000 | BMHYR18 |
| 0.98% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,755,151.06 | 1,707,000 | BQ67HZ0 |
| 0.98% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $1,749,302.44 | 1,765,000 | BM9QGV5 |
| 0.97% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,726,295.51 | 1,735,000 | BM8H783 |
| 0.93% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,662,800.98 | 1,614,000 | BPX27Q2 |
| 0.92% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $1,634,381.13 | 1,617,000 | BS9C5X0 |
| 0.87% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,559,103.24 | 1,540,000 | BNM6H94 |
| 0.87% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,555,773.44 | 1,662,000 | BNTY069 |
| 0.86% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,532,682.54 | 1,540,000 | BP812N6 |
| 0.82% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,458,791.97 | 1,420,000 | BS2FZM5 |
| 0.81% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,442,693.29 | 1,382,000 | BRK4301 |
| 0.80% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,435,690.10 | 1,300,000 | BQ80PR5 |
| 0.76% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,351,635.20 | 1,401,000 | BNNTB78 |
| 0.75% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,333,032.95 | 1,420,000 | BMBJVY0 |
| 0.74% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,318,987.26 | 1,283,000 | BS2FMQ8 |
| 0.73% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,302,248.18 | 1,246,000 | BL6CM66 |
| 0.72% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,285,001.68 | 1,384,000 | BMW7NB4 |
| 0.71% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,269,055.01 | 1,330,000 | BS89C64 |
| 0.71% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $1,268,229.82 | 1,430,000 | BKPJT48 |
| 0.70% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $1,247,123.89 | 1,167,000 | BR1H7L8 |
| 0.69% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,235,706.14 | 1,210,000 | BS561W7 |
| 0.68% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,207,289.44 | 1,244,000 | BN7SNC0 |
| 0.67% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,202,333.21 | 1,123,000 | BR54DP1 |
| 0.67% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,194,766.56 | 1,170,000 | BRJQLF9 |
| 0.66% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,171,827.94 | 1,211,000 | BL57W73 |
| 0.65% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,167,372.21 | 1,223,000 | BMVXSB8 |
| 0.64% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,137,947.80 | 1,100,000 | BRSF6F2 |
| 0.64% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $1,137,186.93 | 1,119,000 | BRZWYJ6 |
| 0.63% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,131,576.46 | 1,133,000 | BPVDS42 |
| 0.63% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $1,127,353.30 | 1,107,000 | BNDQTF3 |
| 0.63% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $1,123,871.43 | 1,150,000 | BRBCV11 |
| 0.61% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,089,861.86 | 1,085,000 | BPW9BQ2 |
| 0.60% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,075,030.59 | 1,201,000 | BQKN5B6 |
| 0.59% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $1,061,127.07 | 1,001,000 | BRXCZB7 |
| 0.59% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $1,046,958.02 | 1,155,000 | BMV1L02 |
| 0.58% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $1,040,870.60 | 1,029,000 | BQ2KRF3 |
| 0.58% | -- | ALTICE FRANCE SA | 5.50% | 10/15/2029 | -- | $1,039,247.40 | 1,311,000 | BMXJSV4 |
| 0.58% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $1,027,536.62 | 1,070,000 | BLCC408 |
| 0.57% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $1,019,858.18 | 1,012,000 | BMZRC58 |
| 0.57% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $1,016,258.14 | 1,158,000 | BMG3813 |
| 0.57% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $1,010,516.91 | 1,039,000 | BNNPV76 |
| 0.56% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $1,006,271.32 | 1,076,000 | BMYXXP4 |
| 0.55% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $987,906.93 | 998,000 | BQ1PCD2 |
| 0.55% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $983,459.87 | 971,000 | BMF9C65 |
| 0.55% | -- | SAKS GLOBAL ENTERPRISES | 11.00% | 12/15/2029 | -- | $980,708.42 | 1,062,000 | BS495M5 |
| 0.54% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $969,332.46 | 1,045,000 | BLN9LB8 |
| 0.53% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $950,336.06 | 960,000 | BMF4PS3 |
| 0.53% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $949,718.41 | 921,000 | BNRPC80 |
| 0.53% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $946,259.50 | 1,053,000 | BN7RYH9 |
| 0.53% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $939,605.20 | 1,081,000 | BLB14D9 |
| 0.52% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $921,473.84 | 920,000 | BMBN777 |
| 0.51% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $917,526.54 | 809,000 | BS2FMP7 |
| 0.51% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $915,357.16 | 1,004,000 | BMT6QQ0 |
| 0.50% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $894,974.57 | 862,000 | BT3NFD6 |
| 0.50% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $893,572.12 | 976,000 | BRQPKY1 |
| 0.48% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $851,154.25 | 894,000 | BMV1LQ8 |
| 0.47% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $845,497.97 | 803,000 | BRBH8M6 |
| 0.47% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $840,001.05 | 770,000 | BRCDDH3 |
| 0.47% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $839,489.24 | 850,000 | BPP2DX9 |
| 0.47% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $839,189.09 | 844,000 | BPLPFQ9 |
| 0.47% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $834,393.26 | 834,000 | BLSN159 |
| 0.47% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $830,364.81 | 797,000 | BRT75V6 |
| 0.46% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $817,385.06 | 789,000 | BMVXP62 |
| 0.46% | -- | ALTICE FRANCE SA | 5.13% | 07/15/2029 | -- | $812,666.37 | 1,033,000 | BM9V193 |
| 0.45% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $797,078.42 | 755,000 | BNQQSS6 |
| 0.45% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $796,672.37 | 826,000 | BJNPGH3 |
| 0.44% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $794,125.69 | 782,000 | BM8K1F7 |
| 0.44% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $792,897.05 | 897,000 | BNHS096 |
| 0.44% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $788,702.99 | 810,000 | BNBTL14 |
| 0.44% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $784,211.22 | 780,000 | BM8K6S5 |
| 0.44% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $783,265.00 | 851,000 | BNHW2C5 |
| 0.43% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $771,517.97 | 786,000 | BM9QJS3 |
| 0.43% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $768,291.59 | 789,000 | BM8H4Y8 |
| 0.43% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $767,502.16 | 874,000 | BMFNDV9 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $763,616.80 | 751,000 | BPG27W5 |
| 0.42% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $755,243.75 | 745,000 | BNBTNV8 |
| 0.41% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $740,151.60 | 828,000 | BNM51T9 |
| 0.41% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $738,803.41 | 750,000 | BT9NKJ1 |
| 0.41% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $738,201.28 | 1,072,000 | BMF4PW7 |
| 0.41% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $736,086.64 | 709,000 | BLDCK76 |
| 0.41% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $734,404.35 | 759,000 | BMY8TS4 |
| 0.41% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $724,600.48 | 834,000 | BKVH9C4 |
| 0.40% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $722,883.58 | 708,000 | BP2F579 |
| 0.40% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $713,855.37 | 725,000 | BT7JWZ1 |
| 0.40% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $713,602.99 | 721,000 | BMC7DR0 |
| 0.40% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $710,858.85 | 750,000 | BMXC0P1 |
| 0.40% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $707,402.01 | 721,000 | BQWNRK7 |
| 0.40% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $705,911.24 | 649,000 | BMJ0LG7 |
| 0.39% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $705,004.13 | 769,000 | BNDLGZ7 |
| 0.39% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $698,731.29 | 746,000 | BMW4P42 |
| 0.39% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $696,201.00 | 673,000 | BRBCTZ1 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $692,157.38 | 693,000 | BMG68Y5 |
| 0.39% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $691,780.47 | 729,000 | BMFBJS2 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $677,329.88 | 711,000 | BLC9L19 |
| 0.38% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $675,248.11 | 646,000 | BLC8Z03 |
| 0.38% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $675,145.19 | 714,000 | BMH29D8 |
| 0.38% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $674,122.35 | 628,000 | BLDCTF7 |
| 0.37% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $655,764.72 | 624,000 | BS7XRZ1 |
| 0.36% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $639,961.46 | 689,000 | BMDHSY1 |
| 0.36% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $638,493.63 | 679,000 | BNHT925 |
| 0.35% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $632,033.50 | 713,000 | BLBQF75 |
| 0.35% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $629,156.00 | 632,000 | BSVLRC8 |
| 0.35% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $624,639.88 | 646,000 | BMVVY70 |
| 0.35% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $623,926.54 | 614,000 | BMYMZT9 |
| 0.35% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $620,362.07 | 610,000 | BQB88K0 |
| 0.35% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $619,351.36 | 608,000 | BMCGQ56 |
| 0.34% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $615,009.83 | 649,000 | BTCK903 |
| 0.34% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $610,262.00 | 606,000 | BP091F3 |
| 0.34% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $609,807.55 | 550,000 | BR1YST4 |
| 0.34% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $609,714.49 | 665,000 | BPVBYZ9 |
| 0.34% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $606,844.07 | 595,000 | BSHT8Y5 |
| 0.34% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $598,311.25 | 653,000 | BPGM651 |
| 0.33% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $594,308.37 | 628,000 | BP0X973 |
| 0.33% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $592,960.56 | 572,000 | BNKBFF3 |
| 0.33% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $592,463.32 | 591,000 | BJLTTQ7 |
| 0.33% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $590,525.56 | 622,000 | BMW5D63 |
| 0.33% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $586,892.36 | 569,000 | BMCGQM3 |
| 0.33% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $582,854.91 | 566,000 | BP092P0 |
| 0.33% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $581,180.40 | 563,000 | BQKRVC1 |
| 0.33% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $580,592.99 | 556,000 | BNRPV83 |
| 0.32% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $579,012.64 | 542,000 | BQFHT88 |
| 0.32% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $573,009.01 | 563,000 | BS3BCF4 |
| 0.32% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $570,405.68 | 634,000 | BMX50K5 |
| 0.32% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $567,500.00 | 625,000 | BKPGFV8 |
| 0.32% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $565,418.56 | 557,000 | BMFKW46 |
| 0.31% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $562,240.74 | 536,000 | BRC2671 |
| 0.31% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $561,183.36 | 640,000 | BMFBJQ0 |
| 0.31% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $555,763.11 | 558,000 | BQ9D885 |
| 0.31% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $554,576.72 | 630,000 | BP7LR98 |
| 0.31% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $544,967.18 | 578,000 | BLBQFB9 |
| 0.30% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $542,882.12 | 586,000 | BMT7QC9 |
| 0.30% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $539,214.83 | 521,000 | BS88506 |
| 0.30% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $538,619.19 | 529,000 | BR2NN28 |
| 0.30% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $534,206.40 | 520,000 | BMC94W8 |
| 0.30% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $533,434.84 | 918,000 | BM93J39 |
| 0.30% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $530,367.60 | 999,000 | BM9M1M9 |
| 0.30% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $526,901.63 | 598,000 | BM94BT2 |
| 0.30% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $526,891.34 | 542,000 | BMXHJH1 |
| 0.29% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $524,632.30 | 550,000 | BN0ZRZ9 |
| 0.29% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $523,034.28 | 513,000 | BQ68CL4 |
| 0.29% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $522,033.18 | 529,000 | BMW2W01 |
| 0.29% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $520,742.00 | 500,000 | BRT7527 |
| 0.29% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $517,846.14 | 485,000 | BP6GPK1 |
| 0.29% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $515,550.50 | 500,000 | BS7Y6M4 |
| 0.29% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $514,881.82 | 507,000 | BQ3QRD8 |
| 0.29% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $514,627.00 | 500,000 | BMVXP51 |
| 0.29% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $513,670.90 | 532,000 | BM9PWX6 |
| 0.29% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $509,532.82 | 572,000 | BNQPRV9 |
| 0.28% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $508,620.00 | 519,000 | BL54J73 |
| 0.28% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $507,301.25 | 500,000 | BPH25H5 |
| 0.28% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $506,840.00 | 500,000 | BPH26F0 |
| 0.28% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $506,092.23 | 500,000 | BTXQV60 |
| 0.28% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $504,518.13 | 489,000 | BT3CPW2 |
| 0.28% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $504,483.75 | 450,000 | BR1YSV6 |
| 0.28% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $502,512.75 | 500,000 | BV0YZ47 |
| 0.28% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $502,360.59 | 500,000 | BSNQ215 |
| 0.28% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $502,056.11 | 500,000 | BSNZ6B0 |
| 0.28% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $501,257.56 | 729,000 | BP9LWV3 |
| 0.28% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $498,465.56 | 539,000 | BKPMPR2 |
| 0.28% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $496,707.18 | 495,000 | BN6MM59 |
| 0.28% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $495,631.62 | 500,000 | BP946X2 |
| 0.28% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $491,446.14 | 485,000 | BP092B6 |
| 0.28% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $491,012.49 | 500,000 | BRXZ215 |
| 0.27% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $487,167.86 | 481,000 | BPK4CP5 |
| 0.27% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $486,774.05 | 464,000 | BS84LN9 |
| 0.27% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $486,211.07 | 503,000 | BMTN6F0 |
| 0.27% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $480,202.16 | 454,000 | BPG22V9 |
| 0.27% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $479,090.76 | 521,000 | BN6KWY2 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $478,684.45 | 489,000 | BR4ZG56 |
| 0.27% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $473,528.14 | 461,000 | BTCCGD1 |
| 0.26% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $464,055.30 | 450,000 | BR53N25 |
| 0.26% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $463,541.27 | 441,000 | BPLL6H5 |
| 0.26% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $463,434.27 | 421,000 | BR1H4Z1 |
| 0.26% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $461,923.65 | 450,000 | BP5JP78 |
| 0.26% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $458,491.18 | 465,000 | BMD14K1 |
| 0.25% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $454,243.42 | 446,000 | BMZBL86 |
| 0.25% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $453,829.69 | 442,000 | BRK14M1 |
| 0.25% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $451,333.68 | 420,000 | BMGC188 |
| 0.25% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $448,695.98 | 471,000 | BNM5Z19 |
| 0.25% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $448,240.61 | 426,000 | BMZMHS1 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $440,617.48 | 411,000 | BPBRSM2 |
| 0.25% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $438,703.60 | 457,000 | BP815Z9 |
| 0.25% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $438,003.74 | 749,000 | BN6JYJ8 |
| 0.24% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $435,959.06 | 436,000 | BN95KZ1 |
| 0.24% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $435,445.70 | 467,000 | BPLFC68 |
| 0.24% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $430,974.68 | 455,000 | BMFNGQ5 |
| 0.24% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $429,804.32 | 451,000 | BSKP420 |
| 0.24% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $429,670.67 | 419,000 | BM8SW92 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $428,655.25 | 461,000 | BNKFMN2 |
| 0.24% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $427,123.32 | 443,000 | BMHBB51 |
| 0.23% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $415,601.31 | 471,000 | BMBVFS8 |
| 0.23% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $414,081.10 | 431,000 | BRPT5J4 |
| 0.23% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $413,075.17 | 419,000 | BQXJKM7 |
| 0.23% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $406,868.25 | 393,000 | BMCMQL0 |
| 0.23% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $403,781.27 | 452,000 | BP4Z8H8 |
| 0.23% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $403,468.55 | 422,000 | BP83D39 |
| 0.22% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $398,727.94 | 384,000 | BNRPLW7 |
| 0.22% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $389,074.06 | 394,000 | BMBV4H0 |
| 0.22% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $387,689.55 | 382,000 | BRBDSH9 |
| 0.22% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $385,369.58 | 382,000 | BRBVMG0 |
| 0.21% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $373,585.80 | 485,000 | BMH8323 |
| 0.21% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $371,781.30 | 424,000 | BNKLFF3 |
| 0.20% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $362,781.18 | 396,000 | BLDBLN6 |
| 0.20% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $355,074.31 | 356,000 | BQB7JV5 |
| 0.20% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $349,782.47 | 346,000 | BMXHQ92 |
| 0.18% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $324,354.40 | 634,000 | BMW7N92 |
| 0.18% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $318,737.34 | 322,000 | BMDXC58 |
| 0.18% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $317,127.28 | 301,000 | BMJ0L90 |
| 0.18% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $314,186.17 | 450,000 | BM9TR00 |
| 0.16% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $283,453.63 | 296,000 | BNTBJ41 |
| 0.16% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $278,755.07 | 277,000 | BP4YGK4 |
| 0.15% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $264,217.87 | 281,000 | BNW2059 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $253,867.57 | 280,000 | BMD9BZ9 |
| 0.14% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $247,239.81 | 285,000 | BM9SD09 |
| 0.14% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $245,059.48 | 242,000 | BNTZ4D7 |
| 0.13% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $224,727.84 | 232,000 | BMDB423 |
| 0.08% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $144,706.34 | 155,000 | BM9NG16 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $134,274.67 | 148,000 | BN7S9F5 |
| 0.07% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $123,484.70 | 135,000 | BLFGYK7 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $86,044.73 | 97,000 | BLD7383 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -9.92% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2025 TYM5 COMDTY | -- | -- | -17,713,594 | -- | -159 | -- |
| -30.26% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2025 TUM5 COMDTY | -- | -- | -54,033,117 | -- | -261 | -- |
| -56.48% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2025 FVM5 COMDTY | -- | -- | -100,844,180 | -- | -933 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,283,971.55 | 7,283,972 | -- |
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