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 12/31/2024
| 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% | -- |
| 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 1/22/2025- NAV $66.05
- NAV Change $+0.10
- Market Price $66.39
- Market Price Change $+0.04
- Trading Volume (M) 17,858
- 30-Day Median Bid Ask Spread 0.41%
- 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 1/22/2025- NAV $66.05
- NAV Change $+0.10
- Market Price $66.39
- Market Price Change $+0.04
- Trading Volume (M) 17,858
- 30-Day Median Bid Ask Spread 0.41%
- 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 1/22/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.36% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,356,839.98 | 2,661,000 | BN2R7D1 |
| 1.33% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,306,268.48 | 2,173,000 | BQB9NW0 |
| 1.31% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,267,246.44 | 2,311,000 | BN2QTP4 |
| 1.29% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $2,238,136.40 | 2,265,000 | BM9QGV5 |
| 1.15% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,994,384.07 | 1,953,000 | BSMMD99 |
| 1.12% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,943,278.60 | 2,006,000 | BMWDGR9 |
| 1.04% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,796,816.53 | 1,775,000 | BPLP3M1 |
| 1.01% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,748,898.32 | 1,707,000 | BQ67HZ0 |
| 1.00% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,734,202.59 | 1,735,000 | BM8H783 |
| 0.96% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,658,008.94 | 1,614,000 | BPX27Q2 |
| 0.95% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,654,566.90 | 1,699,000 | BNNTB78 |
| 0.94% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $1,638,290.39 | 1,619,000 | BRZWYJ6 |
| 0.90% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,559,143.83 | 1,645,000 | BMVXSB8 |
| 0.89% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $1,550,935.11 | 1,453,000 | BR1H7L8 |
| 0.88% | -- | ROYAL CARIBBEAN CRUISES | 6.00% | 02/01/2033 | -- | $1,527,666.47 | 1,523,000 | BP09164 |
| 0.87% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,513,195.64 | 1,526,000 | BN765Z1 |
| 0.86% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,486,398.55 | 1,662,000 | BNTY069 |
| 0.84% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,458,976.02 | 1,382,000 | BRK4301 |
| 0.84% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,452,765.60 | 1,300,000 | BQ80PR5 |
| 0.78% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $1,358,069.14 | 1,504,000 | BMT6QQ0 |
| 0.76% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,312,461.53 | 1,283,000 | BS2FMQ8 |
| 0.76% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,309,635.60 | 1,330,000 | BS89C64 |
| 0.75% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,303,282.36 | 1,246,000 | BL6CM66 |
| 0.74% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,281,436.05 | 1,384,000 | BMW7NB4 |
| 0.73% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,269,585.63 | 1,265,000 | BMHYR18 |
| 0.73% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,259,594.29 | 1,248,000 | BNM6H94 |
| 0.72% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,252,239.30 | 1,232,000 | BS2FZM5 |
| 0.71% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,233,953.16 | 1,210,000 | BS561W7 |
| 0.69% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,197,516.13 | 1,286,000 | BMBJVY0 |
| 0.69% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,196,303.73 | 1,244,000 | BN7SNC0 |
| 0.69% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,189,727.37 | 1,170,000 | BRJQLF9 |
| 0.67% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,166,075.78 | 1,211,000 | BL57W73 |
| 0.66% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $1,152,212.06 | 1,155,000 | BMZRC58 |
| 0.66% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,136,962.57 | 1,051,000 | BR54DP1 |
| 0.65% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,132,973.42 | 1,133,000 | BPVDS42 |
| 0.64% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $1,117,942.70 | 1,107,000 | BNDQTF3 |
| 0.63% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,086,884.65 | 1,085,000 | BPW9BQ2 |
| 0.62% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $1,067,874.39 | 1,111,000 | BLCC408 |
| 0.61% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,064,271.77 | 1,201,000 | BQKN5B6 |
| 0.61% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $1,060,458.52 | 1,128,000 | BMH29D8 |
| 0.61% | -- | ALTICE FRANCE SA | 5.50% | 10/15/2029 | -- | $1,052,614.76 | 1,311,000 | BMXJSV4 |
| 0.61% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $1,050,879.75 | 987,000 | BRXCZB7 |
| 0.60% | -- | CARNIVAL HLDGS BM LTD | 10.38% | 05/01/2028 | -- | $1,043,309.96 | 980,000 | BM99Y87 |
| 0.60% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $1,042,394.78 | 1,155,000 | BMV1L02 |
| 0.60% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $1,040,928.71 | 915,000 | BS2FMP7 |
| 0.60% | -- | WINDSTREAM SERVICES LLC / WINDSTREAM ESCROW FINANCE CORP CALLABLE BOND FIXED 8.25% 01/OCT/2031 USD 1000 | -- | -- | -- | $1,034,150.00 | 1,000,000 | -- |
| 0.59% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,016,965.77 | 1,040,000 | BP812N6 |
| 0.58% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $1,012,979.13 | 1,039,000 | BNNPV76 |
| 0.58% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $1,009,409.81 | 956,000 | BRT75V6 |
| 0.56% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $973,208.29 | 965,000 | BRBCV11 |
| 0.55% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $957,200.50 | 1,181,000 | BLB14D9 |
| 0.55% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $955,040.39 | 921,000 | BNRPC80 |
| 0.55% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $952,770.66 | 1,039,000 | BKPMPR2 |
| 0.55% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $951,694.78 | 998,000 | BQ1PCD2 |
| 0.54% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $930,095.95 | 1,053,000 | BN7RYH9 |
| 0.51% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $892,666.18 | 862,000 | BT3NFD6 |
| 0.49% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $852,446.86 | 860,000 | BMF4PS3 |
| 0.49% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $851,906.72 | 803,000 | BRBH8M6 |
| 0.49% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $846,387.35 | 894,000 | BMV1LQ8 |
| 0.49% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $841,839.93 | 770,000 | BRCDDH3 |
| 0.48% | -- | RYAN SPECIALTY LLC CALLABLE BOND FIXED 5.875% 01/AUG/2032 USD 1000 | -- | -- | -- | $837,389.54 | 844,000 | -- |
| 0.48% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $835,714.31 | 850,000 | BPP2DX9 |
| 0.48% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $832,913.96 | 923,000 | BRQPKY1 |
| 0.47% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $819,181.39 | 817,000 | BS9C5X0 |
| 0.47% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $815,571.31 | 930,000 | BKPJT48 |
| 0.46% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $801,891.30 | 897,000 | BNHS096 |
| 0.46% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $800,195.58 | 782,000 | BM8K1F7 |
| 0.46% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $797,702.80 | 755,000 | BNQQSS6 |
| 0.46% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $789,339.56 | 826,000 | BJNPGH3 |
| 0.45% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $785,705.59 | 810,000 | BNBTL14 |
| 0.45% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $785,589.03 | 1,350,000 | BM9M1M9 |
| 0.45% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $772,872.63 | 793,000 | BT7JWZ1 |
| 0.44% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $769,092.34 | 751,000 | BPG27W5 |
| 0.44% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $763,264.74 | 880,000 | BMG3813 |
| 0.44% | -- | ALTICE FRANCE SA | 5.13% | 07/15/2029 | -- | $761,009.17 | 961,000 | BM9V193 |
| 0.43% | -- | NFE FINANCING LLC CALLABLE MEDIUM TERM NOTE FIXED 12% 15/NOV/2029 USD 1 | -- | -- | -- | $753,655.37 | 721,000 | -- |
| 0.43% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $748,757.85 | 750,000 | BT9NKJ1 |
| 0.42% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $731,571.72 | 709,000 | BLDCK76 |
| 0.42% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $730,391.39 | 828,000 | BNM51T9 |
| 0.42% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $729,806.97 | 759,000 | BMY8TS4 |
| 0.42% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $721,443.69 | 834,000 | BKVH9C4 |
| 0.41% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $710,293.37 | 721,000 | BMC7DR0 |
| 0.41% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $706,379.05 | 732,000 | BMDB423 |
| 0.40% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $702,219.15 | 750,000 | BMXC0P1 |
| 0.40% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $699,674.73 | 769,000 | BNDLGZ7 |
| 0.40% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $693,399.08 | 737,000 | BNBTNV8 |
| 0.40% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $693,230.08 | 693,000 | BMG68Y5 |
| 0.40% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $688,231.19 | 729,000 | BMFBJS2 |
| 0.39% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $673,836.79 | 646,000 | BLC8Z03 |
| 0.38% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $665,737.78 | 628,000 | BLDCTF7 |
| 0.38% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $664,811.76 | 686,000 | BM9QJS3 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $659,329.92 | 711,000 | BLC9L19 |
| 0.38% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $656,541.60 | 624,000 | BS7XRZ1 |
| 0.38% | -- | NOVELIS CORP | 4.75% | 01/30/2030 | -- | $655,997.20 | 704,000 | BKLPSC1 |
| 0.37% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $649,225.67 | 696,000 | BMW4P42 |
| 0.37% | -- | HERTZ CORP/THE CALLABLE NOTES FIXED 12.625% 15/JUL/2029 USD 1000 | -- | -- | -- | $648,697.81 | 597,000 | -- |
| 0.37% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $636,128.96 | 679,000 | BNHT925 |
| 0.36% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $627,260.00 | 632,000 | BSVLRC8 |
| 0.36% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $625,559.33 | 600,000 | BP2F579 |
| 0.36% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $624,608.49 | 646,000 | BMVVY70 |
| 0.36% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $620,678.62 | 608,000 | BMCGQ56 |
| 0.36% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $617,058.77 | 669,000 | BLN9LB8 |
| 0.36% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $615,798.68 | 610,000 | BQB88K0 |
| 0.35% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $613,076.02 | 628,000 | BP0X973 |
| 0.35% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $609,617.25 | 550,000 | BR1YST4 |
| 0.35% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $605,691.85 | 611,000 | BM8K6S5 |
| 0.35% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $605,556.65 | 606,000 | BP091F3 |
| 0.35% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $604,787.71 | 665,000 | BPVBYZ9 |
| 0.35% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $603,510.85 | 971,000 | BN6JYJ8 |
| 0.35% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $601,598.15 | 586,000 | BMC94W8 |
| 0.35% | -- | ROYAL CARIBBEAN CRUISES | 5.63% | 09/30/2031 | -- | $599,876.61 | 607,000 | BMZLFH3 |
| 0.34% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $597,290.60 | 622,000 | BTCK903 |
| 0.34% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $595,556.85 | 622,000 | BMW5D63 |
| 0.34% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $595,551.56 | 642,000 | BMYXXP4 |
| 0.34% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $592,720.70 | 572,000 | BNKBFF3 |
| 0.34% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $592,653.63 | 625,000 | BKPGFV8 |
| 0.34% | -- | COMMSCOPE LLC | 4.75% | 09/01/2029 | -- | $589,493.63 | 654,000 | BLDBLL4 |
| 0.34% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $588,590.20 | 577,000 | BMYMZT9 |
| 0.34% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $586,929.19 | 563,000 | BS3BCF4 |
| 0.34% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $586,478.80 | 554,000 | BPG22V9 |
| 0.34% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $583,420.22 | 569,000 | BMCGQM3 |
| 0.33% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $580,541.17 | 542,000 | BQFHT88 |
| 0.33% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $575,517.58 | 635,000 | BLFGYK7 |
| 0.33% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $573,295.36 | 617,000 | BLDBLN6 |
| 0.33% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $569,227.15 | 589,000 | BM8H4Y8 |
| 0.33% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $568,547.82 | 635,000 | BMD9BZ9 |
| 0.33% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $565,910.33 | 557,000 | BMFKW46 |
| 0.33% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $565,128.83 | 634,000 | BMX50K5 |
| 0.32% | -- | CRESCENT ENERGY FINANCE LLC CALLABLE NOTES FIXED 7.625% 01/APR/2032 USD 1000 | -- | -- | -- | $560,297.84 | 558,000 | -- |
| 0.32% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $559,180.93 | 536,000 | BRC2671 |
| 0.32% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $555,060.00 | 638,000 | BLBQF75 |
| 0.32% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $547,435.05 | 526,000 | BMVXP62 |
| 0.31% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $544,619.35 | 526,000 | BRBCTZ1 |
| 0.31% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $540,608.11 | 521,000 | BS88506 |
| 0.31% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $539,139.90 | 578,000 | BLBQFB9 |
| 0.31% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $537,048.49 | 586,000 | BMT7QC9 |
| 0.31% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $536,250.00 | 550,000 | BPGM651 |
| 0.31% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $535,539.92 | 529,000 | BR2NN28 |
| 0.31% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $532,082.04 | 598,000 | BM94BT2 |
| 0.31% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $529,275.48 | 597,000 | BLD7383 |
| 0.30% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $526,718.81 | 528,000 | BLSN159 |
| 0.30% | -- | US ACUTE CARE SOLUTIONS LLC CALLABLE BOND FIXED 9.75% 15/MAY/2029 USD 1000 | -- | -- | -- | $525,694.19 | 513,000 | -- |
| 0.30% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $522,407.33 | 500,000 | BRT7527 |
| 0.30% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $521,206.57 | 550,000 | BN0ZRZ9 |
| 0.30% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $520,354.80 | 529,000 | BMW2W01 |
| 0.30% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $519,085.14 | 572,000 | BNQPRV9 |
| 0.30% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $516,531.09 | 507,000 | BQ3QRD8 |
| 0.30% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $516,386.78 | 485,000 | BP6GPK1 |
| 0.30% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $513,078.00 | 500,000 | BS7Y6M4 |
| 0.29% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $505,184.22 | 519,000 | BL54J73 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $504,864.90 | 450,000 | BR1YSV6 |
| 0.29% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $503,867.56 | 489,000 | BT3CPW2 |
| 0.29% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $501,424.42 | 574,000 | BP7LR98 |
| 0.29% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $496,268.73 | 503,000 | BMTN6F0 |
| 0.28% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $493,662.81 | 481,000 | BPK4CP5 |
| 0.28% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $491,702.70 | 485,000 | BP092B6 |
| 0.28% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $490,279.63 | 495,000 | BN6MM59 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $484,526.53 | 489,000 | BR4ZG56 |
| 0.28% | -- | MOHEGAN TRIBAL GAMING AU | 8.00% | 02/01/2026 | -- | $483,573.30 | 486,000 | BMYW168 |
| 0.28% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $476,876.59 | 456,000 | BNRPV83 |
| 0.27% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $472,960.30 | 471,000 | BMF9C65 |
| 0.27% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $471,972.09 | 453,000 | BMCMQL0 |
| 0.27% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $465,481.80 | 450,000 | BR53N25 |
| 0.27% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $462,743.10 | 450,000 | BP5JP78 |
| 0.27% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $461,032.89 | 421,000 | BR1H4Z1 |
| 0.26% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $457,546.94 | 446,000 | BMZBL86 |
| 0.26% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $456,005.10 | 455,000 | BJLTTQ7 |
| 0.26% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $453,480.95 | 442,000 | BRK14M1 |
| 0.26% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $450,798.83 | 465,000 | BMD14K1 |
| 0.26% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $450,771.39 | 490,000 | BMDHSY1 |
| 0.26% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $445,855.37 | 763,000 | BM93J39 |
| 0.26% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $444,777.06 | 420,000 | BMGC188 |
| 0.26% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $444,501.24 | 451,000 | BSKP420 |
| 0.26% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $443,987.85 | 426,000 | BMZMHS1 |
| 0.26% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $443,342.69 | 471,000 | BNM5Z19 |
| 0.25% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $440,732.74 | 467,000 | BPLFC68 |
| 0.25% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $439,249.27 | 419,000 | BPLL6H5 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $438,740.80 | 411,000 | BPBRSM2 |
| 0.25% | -- | ALBERTSONS COS/SAFEWAY | 4.88% | 02/15/2030 | -- | $437,827.57 | 458,000 | BKMH644 |
| 0.25% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $435,878.74 | 457,000 | BP815Z9 |
| 0.25% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $428,732.95 | 419,000 | BM8SW92 |
| 0.25% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $428,015.25 | 442,000 | BMXHJH1 |
| 0.25% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $426,699.99 | 455,000 | BMFNGQ5 |
| 0.25% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $426,108.54 | 443,000 | BMHBB51 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $425,949.02 | 431,000 | BRPT5J4 |
| 0.25% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $425,318.88 | 461,000 | BNKFMN2 |
| 0.24% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $417,417.35 | 419,000 | BQXJKM7 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $409,469.56 | 398,000 | BP092P0 |
| 0.23% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $402,132.42 | 452,000 | BP4Z8H8 |
| 0.23% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $399,168.38 | 384,000 | BNRPLW7 |
| 0.23% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $397,370.35 | 422,000 | BP83D39 |
| 0.23% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $393,664.04 | 434,000 | BN6KWY2 |
| 0.23% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $391,552.79 | 410,000 | BM9PWX6 |
| 0.22% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $385,951.25 | 394,000 | BMBV4H0 |
| 0.22% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $384,129.27 | 382,000 | BRBDSH9 |
| 0.22% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $383,636.27 | 386,000 | BN95KZ1 |
| 0.22% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $381,514.90 | 382,000 | BRBVMG0 |
| 0.22% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $377,470.29 | 572,000 | BMF4PW7 |
| 0.22% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $375,555.58 | 485,000 | BMH8323 |
| 0.21% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $371,619.81 | 424,000 | BNKLFF3 |
| 0.20% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $348,146.58 | 346,000 | BMXHQ92 |
| 0.19% | -- | NEWS CORP | 3.88% | 05/15/2029 | -- | $337,497.83 | 363,000 | BMV9PS2 |
| 0.19% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $328,191.69 | 360,000 | BNHW2C5 |
| 0.19% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $326,977.05 | 374,000 | BMFNDV9 |
| 0.18% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $319,098.23 | 301,000 | BMJ0L90 |
| 0.18% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $318,267.99 | 322,000 | BMDXC58 |
| 0.18% | -- | PRIME SECSRVC BRW/FINANC | 6.25% | 01/15/2028 | -- | $312,816.18 | 313,000 | BKVKXB0 |
| 0.18% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $311,360.00 | 556,000 | BMW7N92 |
| 0.18% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $309,048.64 | 429,000 | BP9LWV3 |
| 0.17% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $296,951.38 | 340,000 | BMFBJQ0 |
| 0.16% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $281,695.59 | 296,000 | BNTBJ41 |
| 0.16% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $276,559.65 | 277,000 | BP4YGK4 |
| 0.15% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $256,512.00 | 384,000 | BM9TR00 |
| 0.15% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $253,878.20 | 256,000 | BQB7JV5 |
| 0.14% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $244,975.07 | 238,000 | BQKRVC1 |
| 0.14% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $241,984.24 | 285,000 | BM9SD09 |
| 0.11% | -- | NCL CORPORATION LTD | 5.88% | 03/15/2026 | -- | $186,269.84 | 185,000 | BMB5SR0 |
| 0.09% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $148,537.18 | 171,000 | BMBVFS8 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $132,115.22 | 148,000 | BN7S9F5 |
| 0.06% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $104,165.97 | 112,000 | BNW2059 |
| 0.05% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $85,206.29 | 92,000 | BM9NG16 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -13.02% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2025 TYH5 COMDTY | -- | -- | -22,581,000 | -- | -208 | -- |
| -31.27% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2025 TUH5 COMDTY | -- | -- | -54,225,188 | -- | -264 | -- |
| -53.24% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2025 FVH5 COMDTY | -- | -- | -92,315,156 | -- | -870 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $10,291,379.49 | 10,291,379 | -- |
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
A Playbook for Rising Rates
After more than a decade of historically low or falling interest rates, today’s rising rate market environment may be unfamiliar to many investors. How do you take action when rates rise? Find out.
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