HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 257 Nontraditional Bond funds based on risk-adjusted returns as of 06/30/25.
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 6/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.99% | 3.00% | 1.80% | 1.80% | 8.21% | 11.49% | 8.30% | 4.82% | 4.01% | 05/21/2013 |
| HYHG NAV | 1.28% | 3.10% | 2.36% | 2.36% | 8.33% | 11.77% | 8.31% | 4.87% | 4.00% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.23% | 2.60% | 2.60% | 8.54% | 12.28% | 8.83% | 5.50% | 4.71% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.99% | 3.00% | 1.80% | 1.80% | 8.21% | 11.49% | 8.30% | 4.82% | 4.01% | 05/21/2013 |
| HYHG NAV | 1.28% | 3.10% | 2.36% | 2.36% | 8.33% | 11.77% | 8.31% | 4.87% | 4.00% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.23% | 2.60% | 2.60% | 8.54% | 12.28% | 8.83% | 5.50% | 4.71% | -- |
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 5/31/2025- Number of Companies 228
- Net Effective Duration -0.18%
Price
as of 7/08/2025- NAV $64.71
- NAV Change $-0.06
- Market Price $64.73
- Market Price Change $-0.09
- Trading Volume (M) 34,521
- 30-Day Median Bid Ask Spread 0.54%
- View Premium / Discount
Distributions
as of 5/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.11%
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.
- 12-Month Distribution Rate 6.88%
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 end of the previous month.
- 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 5/31/2025- Number of Companies 228
- Net Effective Duration -0.18%
Price
as of 7/08/2025- NAV $64.71
- NAV Change $-0.06
- Market Price $64.73
- Market Price Change $-0.09
- Trading Volume (M) 34,521
- 30-Day Median Bid Ask Spread 0.54%
- View Premium / Discount
Distributions
as of 5/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.11%
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.
- 12-Month Distribution Rate 6.88%
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 end of the previous month.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 7/08/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.93% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $3,150,901.19 | 3,038,000 | BQB9NW0 |
| 1.51% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,470,891.24 | 2,661,000 | BN2R7D1 |
| 1.30% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,123,812.34 | 2,167,000 | BMWDGR9 |
| 1.30% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,123,773.55 | 2,109,000 | BN2QTP4 |
| 1.27% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $2,072,998.45 | 2,099,000 | BNNTB78 |
| 1.18% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $1,933,158.04 | 2,172,000 | BMFNDV9 |
| 1.16% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,895,889.91 | 1,871,000 | BSMMD99 |
| 1.09% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,788,070.32 | 1,765,000 | BMHYR18 |
| 0.96% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,572,662.52 | 1,485,000 | BP6GPK1 |
| 0.93% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,525,177.50 | 1,529,000 | BNBTNV8 |
| 0.93% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,518,827.32 | 1,458,000 | BQ67HZ0 |
| 0.91% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,481,630.31 | 1,452,000 | BNM6H94 |
| 0.88% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,436,566.62 | 1,440,000 | BM8H783 |
| 0.87% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,427,995.27 | 1,382,000 | BRK4301 |
| 0.83% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,352,812.20 | 1,321,000 | BPH26F0 |
| 0.81% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,324,254.62 | 1,283,000 | BS2FMQ8 |
| 0.81% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,316,678.53 | 1,290,000 | BPLP3M1 |
| 0.79% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,299,074.56 | 1,280,000 | BS9G792 |
| 0.76% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,246,336.30 | 1,210,000 | BNZG7Q8 |
| 0.74% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,212,329.43 | 1,170,000 | BRJQLF9 |
| 0.74% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $1,205,365.22 | 1,190,000 | BS6V604 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,186,655.62 | 1,223,000 | BMVXSB8 |
| 0.72% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,181,061.45 | 1,162,000 | BNTY069 |
| 0.72% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,177,676.01 | 1,134,000 | BTCCGD1 |
| 0.70% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,149,340.50 | 1,100,000 | BRSF6F2 |
| 0.70% | -- | HERC HOLDINGS INC CALLABLE NOTES FIXED 7.25% 15/JUN/2033 USD 1000 | -- | -- | -- | $1,139,173.63 | 1,096,000 | -- |
| 0.69% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,132,023.24 | 1,133,000 | BPVDS42 |
| 0.68% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,116,184.22 | 1,030,000 | BQ80PR5 |
| 0.67% | -- | ROCKET COS INC CALLABLE NOTES FIXED 6.375% 01/AUG/2033 USD 1000 | -- | -- | -- | $1,101,688.63 | 1,087,000 | -- |
| 0.67% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,093,318.94 | 1,145,000 | BMBJVY0 |
| 0.64% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $1,046,443.07 | 1,023,000 | BSNQ215 |
| 0.64% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,042,108.36 | 1,006,000 | BS2FZM5 |
| 0.64% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,039,628.51 | 1,040,000 | BP812N6 |
| 0.63% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,030,583.21 | 1,041,000 | BN7SNC0 |
| 0.63% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $1,028,688.00 | 1,000,000 | BPH25H5 |
| 0.63% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,023,871.00 | 1,000,000 | BR4XVS8 |
| 0.62% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,021,172.36 | 1,026,000 | BN765Z1 |
| 0.61% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,001,712.05 | 1,044,000 | BNW2059 |
| 0.61% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,000,623.04 | 1,060,000 | BS89C64 |
| 0.61% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $989,984.99 | 971,000 | BMF9C65 |
| 0.60% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $985,313.69 | 976,000 | BRQPKY1 |
| 0.59% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $964,939.41 | 1,036,000 | BLFGYK7 |
| 0.59% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $963,071.60 | 1,002,000 | BRBCV11 |
| 0.58% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $946,226.19 | 921,000 | BT7HYL5 |
| 0.57% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $932,522.63 | 1,004,000 | BMT6QQ0 |
| 0.57% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $927,743.62 | 960,000 | BMDHSY1 |
| 0.57% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $924,895.67 | 895,000 | BQ2KRF3 |
| 0.56% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $919,044.31 | 989,000 | BNNPV76 |
| 0.55% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $905,143.99 | 937,000 | BRXCZB7 |
| 0.55% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $904,253.54 | 865,000 | BS84LN9 |
| 0.55% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $904,153.10 | 853,000 | BL6CM66 |
| 0.52% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $853,641.35 | 894,000 | BMV1LQ8 |
| 0.52% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $849,681.34 | 850,000 | BPP2DX9 |
| 0.52% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $846,228.16 | 844,000 | BPLPFQ9 |
| 0.52% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $844,410.71 | 803,000 | BRBH8M6 |
| 0.52% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $843,902.14 | 826,000 | BNTZ4D7 |
| 0.52% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $842,552.71 | 815,000 | BMZBL86 |
| 0.51% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $836,679.69 | 770,000 | BRCDDH3 |
| 0.50% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $825,168.05 | 799,000 | BNDQTF3 |
| 0.50% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $824,776.44 | 851,000 | BQKN5B6 |
| 0.49% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $808,786.83 | 797,000 | BRT75V6 |
| 0.49% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $802,697.50 | 936,000 | BMV1L02 |
| 0.49% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $799,791.89 | 755,000 | BNQQSS6 |
| 0.49% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $799,634.25 | 798,000 | BMBN777 |
| 0.49% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $794,615.22 | 782,000 | BM8K1F7 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $794,395.42 | 826,000 | BJNPGH3 |
| 0.47% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $771,025.01 | 750,000 | BVF9138 |
| 0.47% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $770,919.34 | 847,000 | BNHS096 |
| 0.46% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $758,303.10 | 738,000 | BNRPC80 |
| 0.46% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $755,313.15 | 658,116 | BS2FMP7 |
| 0.46% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $754,344.00 | 750,000 | BT9NKJ1 |
| 0.46% | -- | LVLT 6 7/8 06/30/33 | -- | -- | -- | $746,863.38 | 738,000 | -- |
| 0.46% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $746,145.43 | 737,000 | BPW9BQ2 |
| 0.45% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $740,854.73 | 748,000 | BQ1PCD2 |
| 0.45% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $738,505.74 | 709,000 | BLDCK76 |
| 0.45% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $727,414.80 | 695,000 | BRBCTZ1 |
| 0.44% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $716,748.14 | 769,000 | BNDLGZ7 |
| 0.44% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $715,659.55 | 721,000 | BMC7DR0 |
| 0.43% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $707,144.18 | 675,000 | BMVXP62 |
| 0.43% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $704,516.46 | 729,000 | BMFBJS2 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $700,955.61 | 701,000 | BPG27W5 |
| 0.43% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $697,532.89 | 684,000 | BTXQV60 |
| 0.41% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $674,531.76 | 646,000 | BLC8Z03 |
| 0.41% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $665,326.97 | 662,000 | BSVLRC8 |
| 0.40% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $661,559.13 | 730,000 | BMFBJQ0 |
| 0.40% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $659,922.72 | 628,000 | BLDCTF7 |
| 0.40% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $659,278.10 | 659,000 | BV99DS3 |
| 0.40% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $652,211.62 | 679,000 | BNHT925 |
| 0.40% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $650,113.64 | 635,000 | BRZWYJ6 |
| 0.39% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $644,275.28 | 649,000 | BTCK903 |
| 0.39% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $634,081.23 | 573,000 | BR1H4Z1 |
| 0.39% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $630,890.12 | 646,000 | BMVVY70 |
| 0.38% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $628,956.62 | 711,000 | BM94BT2 |
| 0.38% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $628,200.60 | 600,000 | BVK4MV3 |
| 0.38% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $627,950.46 | 659,000 | BM8K6S5 |
| 0.38% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $623,407.80 | 610,000 | BQB88K0 |
| 0.38% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $621,014.44 | 665,000 | BPVBYZ9 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $620,308.54 | 653,000 | BLC9L19 |
| 0.37% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $600,382.69 | 581,000 | BPX27Q2 |
| 0.37% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $598,547.92 | 634,000 | BQXJKM7 |
| 0.36% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $594,327.07 | 614,000 | BMTN6F0 |
| 0.36% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $592,697.71 | 569,000 | BMCGQM3 |
| 0.36% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $581,319.73 | 609,000 | BMXC0P1 |
| 0.36% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $580,393.12 | 770,000 | BM93J39 |
| 0.35% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $578,899.70 | 630,000 | BP7LR98 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $577,372.64 | 556,000 | BNRPV83 |
| 0.35% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $571,314.74 | 546,000 | BT3NFD6 |
| 0.34% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $560,139.25 | 550,000 | BP946X2 |
| 0.34% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $554,418.57 | 536,000 | BRC2671 |
| 0.34% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $553,042.71 | 542,000 | BSHT8Y5 |
| 0.34% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $548,570.76 | 592,000 | BPLFC68 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $544,655.76 | 529,000 | BR2NN28 |
| 0.33% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $540,662.50 | 1,169,000 | BQWNRK7 |
| 0.33% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $534,248.21 | 542,000 | BMXHJH1 |
| 0.33% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $533,810.37 | 550,000 | BN0ZRZ9 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $527,940.61 | 513,000 | BQ68CL4 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $527,843.67 | 503,000 | BRRG7V9 |
| 0.32% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $526,122.01 | 521,000 | BTTRMX1 |
| 0.32% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $525,341.59 | 520,000 | BMC94W8 |
| 0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $524,365.33 | 529,000 | BMW2W01 |
| 0.32% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $524,164.50 | 500,000 | BVK4BV6 |
| 0.32% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $522,076.05 | 500,000 | BMVXP51 |
| 0.32% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $521,658.84 | 519,000 | BL54J73 |
| 0.32% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $520,335.52 | 532,000 | BM9PWX6 |
| 0.32% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $519,981.50 | 500,000 | BNKBFF3 |
| 0.32% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $516,931.62 | 507,000 | BQ3QRD8 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $514,729.79 | 563,000 | BS3BCF4 |
| 0.31% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $510,238.00 | 500,000 | BPSQQR3 |
| 0.31% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $510,101.51 | 563,000 | BKVH9C4 |
| 0.31% | -- | IQV 6 1/4 06/01/32 | -- | -- | -- | $509,006.95 | 499,000 | -- |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $508,315.50 | 500,000 | BMGDND0 |
| 0.31% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $507,601.47 | 539,000 | BKPMPR2 |
| 0.31% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $505,751.85 | 500,000 | BSNZ6B0 |
| 0.31% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $503,912.06 | 489,000 | BT3CPW2 |
| 0.31% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $502,510.77 | 500,000 | BVK50T0 |
| 0.31% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $501,346.05 | 560,000 | BMG3813 |
| 0.31% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $501,287.61 | 467,000 | BS88506 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $498,953.36 | 556,000 | BKPJT48 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $497,563.44 | 485,000 | BP092B6 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $497,444.85 | 450,000 | BR1YSV6 |
| 0.30% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $493,101.48 | 481,000 | BPK4CP5 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $492,423.32 | 495,000 | BN6MM59 |
| 0.30% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $487,874.82 | 521,000 | BN6KWY2 |
| 0.30% | -- | SABRE GLBL INC CALLABLE NOTES FIXED 11.125% 15/JUL/2030 USD 1000 | -- | -- | -- | $487,097.92 | 464,000 | -- |
| 0.30% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $484,565.74 | 467,000 | BMCGQ56 |
| 0.30% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $482,941.87 | 464,000 | BQKRVC1 |
| 0.30% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $482,392.70 | 500,000 | BRXZ215 |
| 0.29% | -- | CLARIOS GLOBAL LP / CLARIOS US FINANCE CO CALLABLE NOTES FIXED 6.75% 15/FEB/2030 USD 1000 | -- | -- | -- | $480,987.04 | 464,000 | -- |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $474,009.58 | 483,000 | BM8H4Y8 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $472,949.98 | 495,000 | BMH29D8 |
| 0.29% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $471,276.90 | 503,000 | BNHW2C5 |
| 0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $467,241.30 | 492,000 | BMY8TS4 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $466,411.50 | 450,000 | BR53N25 |
| 0.28% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $465,262.50 | 653,000 | BPGM651 |
| 0.28% | -- | IRON MOUNTAIN INC CALLABLE NOTES FIXED 6.25% 15/JAN/2033 USD 1000 | -- | -- | -- | $463,950.31 | 455,000 | -- |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $463,509.52 | 441,000 | BPLL6H5 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $463,208.59 | 450,000 | BP5JP78 |
| 0.28% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $462,067.20 | 465,000 | BMD14K1 |
| 0.28% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $458,147.30 | 456,000 | BQB7JV5 |
| 0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $456,888.56 | 471,000 | BNM5Z19 |
| 0.28% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $455,615.76 | 442,000 | BRK14M1 |
| 0.28% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $453,643.99 | 426,000 | BMZMHS1 |
| 0.28% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $452,420.12 | 462,000 | BNBTL14 |
| 0.28% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $451,929.28 | 440,000 | BS9C5X0 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $449,719.00 | 457,000 | BT7JWZ1 |
| 0.27% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $448,506.66 | 420,000 | BMGC188 |
| 0.27% | -- | ALTICE FINANCING SA CALLABLE BOND FIXED 5.75% 15/AUG/2029 USD 1000 | -- | -- | -- | $446,383.96 | 613,000 | -- |
| 0.27% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $441,329.98 | 455,000 | BMFNGQ5 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $439,487.56 | 436,000 | BN95KZ1 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $435,365.93 | 446,000 | BQ9D885 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $430,752.33 | 443,000 | BMHBB51 |
| 0.26% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $430,461.15 | 399,000 | BMJ0LG7 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $428,091.04 | 419,000 | BM8SW92 |
| 0.26% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $426,352.89 | 500,000 | BNQPRV9 |
| 0.26% | -- | UNIVISION COMMUNICATIONS INC CALLABLE NOTES FIXED 8.5% 31/JUL/2031 USD 1000 | -- | -- | -- | $420,943.37 | 423,000 | -- |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $420,314.71 | 452,000 | BP4Z8H8 |
| 0.25% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $405,454.22 | 422,000 | BP83D39 |
| 0.25% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $402,392.59 | 425,000 | BMG1HP4 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $401,053.60 | 431,000 | BRPT5J4 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $400,595.02 | 383,000 | BPBRSM2 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $400,295.51 | 383,000 | BP092P0 |
| 0.24% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $395,997.01 | 384,000 | BNRPLW7 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $395,734.10 | 416,000 | BNKFMN2 |
| 0.24% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $392,773.52 | 390,000 | BP091F3 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $390,398.49 | 382,000 | BRBDSH9 |
| 0.24% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $390,382.61 | 394,000 | BMBV4H0 |
| 0.24% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $389,058.98 | 382,000 | BRBVMG0 |
| 0.24% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $388,125.00 | 621,000 | BN6JYJ8 |
| 0.24% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $387,815.57 | 451,000 | BSKP420 |
| 0.24% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $385,364.28 | 376,000 | BRT7527 |
| 0.24% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $384,472.90 | 424,000 | BNKLFF3 |
| 0.23% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $375,716.42 | 359,000 | BPG22V9 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $372,043.50 | 485,000 | BMH8323 |
| 0.22% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $362,025.18 | 354,000 | BM9YJB0 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $361,926.34 | 378,000 | BR4ZG56 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $361,826.10 | 349,000 | BS7XRZ1 |
| 0.22% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $351,874.00 | 384,000 | BNM51T9 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $351,671.63 | 337,000 | BMCMQL0 |
| 0.21% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $350,130.65 | 378,000 | BMBVFS8 |
| 0.21% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $349,059.62 | 389,000 | BMDB423 |
| 0.21% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $337,991.32 | 359,000 | BMT7QC9 |
| 0.21% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $337,236.97 | 332,000 | BTTRLD4 |
| 0.20% | -- | ROCKET COS INC CALLABLE NOTES FIXED 6.125% 01/AUG/2030 USD 1000 | -- | -- | -- | $325,012.50 | 321,000 | -- |
| 0.20% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $321,109.93 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $314,687.37 | 301,000 | BMJ0L90 |
| 0.19% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $307,558.33 | 337,000 | BMX50K5 |
| 0.18% | -- | CSC HOLDINGS LLC CALLABLE NOTES FIXED 4.5% 15/NOV/2031 USD 1000 | -- | -- | -- | $296,498.68 | 421,000 | -- |
| 0.18% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $290,881.76 | 287,000 | BV0YZ47 |
| 0.17% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $285,252.70 | 296,000 | BNTBJ41 |
| 0.16% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $266,794.65 | 274,000 | BMW5D63 |
| 0.16% | -- | SAKS GLOBAL ENTERPRISES | 11.00% | 12/15/2029 | -- | $261,960.00 | 708,000 | BS495M5 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $252,174.15 | 285,000 | BM9SD09 |
| 0.15% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $250,225.08 | 247,000 | BMXHQ92 |
| 0.15% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $243,728.16 | 240,000 | BP4YGK4 |
| 0.14% | -- | CACI INTERNATIONAL INC CALLABLE NOTES FIXED 6.375% 15/JUN/2033 USD 1000 | -- | -- | -- | $234,290.52 | 228,000 | -- |
| 0.14% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $228,592.66 | 214,000 | BQFHT88 |
| 0.10% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $165,092.48 | 301,000 | BP0X973 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $136,520.22 | 148,000 | BN7S9F5 |
| 0.08% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $123,226.38 | 133,000 | BMD9BZ9 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $88,834.02 | 97,000 | BLD7383 |
| 0.04% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $69,537.80 | 74,000 | BM9NG16 |
| 0.04% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $66,891.63 | 96,000 | BP9LWV3 |
| 0.02% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $37,098.22 | 35,000 | BR1H7L8 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $11,009.20 | 12,000 | BLDBLN6 |
| -- | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $2,080.49 | 2,000 | BS7Y6M4 |
| -- | -- | CELANESE US HOLDINGS LLC | 6.42% | 07/15/2027 | -- | $2,058.27 | 2,000 | BP9RBF8 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -10.17% | -- | US 10YR NOTE (CBT) BOND 19/SEP/2025 TYU5 COMDTY | -- | -- | -16,617,188 | -- | -150 | -- |
| -38.05% | -- | US 2YR NOTE (CBT) BOND 30/SEP/2025 TUU5 COMDTY | -- | -- | -62,184,375 | -- | -300 | -- |
| -47.24% | -- | US 5YR NOTE (CBT) BOND 30/SEP/2025 FVU5 COMDTY | -- | -- | -77,212,406 | -- | -714 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $9,393,136.05 | 9,393,136 | -- |
Index
as of 3/31/2025
- Total Number of Issues240
- Long Portfolio Duration3.52
- Net Effective Duration0.03
- Long Portfolio Yield7.98
- Net Index Yield8.34
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