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 2/20/2025- NAV $65.79
- NAV Change $0.00
- Market Price $66.96
- Market Price Change $+0.78
- Trading Volume (M) 7,874
- 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 2/20/2025- NAV $65.79
- NAV Change $0.00
- Market Price $66.96
- Market Price Change $+0.78
- Trading Volume (M) 7,874
- 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 2/20/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.32% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,365,446.72 | 2,661,000 | BN2R7D1 |
| 1.28% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,286,676.54 | 2,173,000 | BQB9NW0 |
| 1.27% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,271,226.53 | 2,311,000 | BN2QTP4 |
| 1.25% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $2,245,217.26 | 2,265,000 | BM9QGV5 |
| 1.11% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,985,400.27 | 1,953,000 | BSMMD99 |
| 1.08% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,941,572.50 | 2,006,000 | BMWDGR9 |
| 1.00% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,795,769.28 | 1,775,000 | BPLP3M1 |
| 0.98% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,750,366.34 | 1,707,000 | BQ67HZ0 |
| 0.96% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,728,477.96 | 1,735,000 | BM8H783 |
| 0.92% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,658,387.52 | 1,614,000 | BPX27Q2 |
| 0.91% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $1,637,105.23 | 1,619,000 | BRZWYJ6 |
| 0.88% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,573,507.64 | 1,645,000 | BMVXSB8 |
| 0.86% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,539,056.87 | 1,583,000 | BNNTB78 |
| 0.86% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,535,155.50 | 1,662,000 | BNTY069 |
| 0.84% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,502,006.09 | 1,526,000 | BN765Z1 |
| 0.81% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,445,688.09 | 1,382,000 | BRK4301 |
| 0.80% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,439,969.22 | 1,300,000 | BQ80PR5 |
| 0.77% | -- | ROYAL CARIBBEAN CRUISES | 6.00% | 02/01/2033 | -- | $1,380,265.60 | 1,376,000 | BP09164 |
| 0.76% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $1,357,068.74 | 1,504,000 | BMT6QQ0 |
| 0.74% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,327,656.83 | 1,420,000 | BMBJVY0 |
| 0.73% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,314,529.42 | 1,283,000 | BS2FMQ8 |
| 0.73% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,301,451.98 | 1,246,000 | BL6CM66 |
| 0.72% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,282,173.47 | 1,330,000 | BS89C64 |
| 0.71% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,280,208.30 | 1,384,000 | BMW7NB4 |
| 0.71% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,267,411.29 | 1,265,000 | BMHYR18 |
| 0.70% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,260,854.33 | 1,248,000 | BNM6H94 |
| 0.70% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,256,660.99 | 1,232,000 | BS2FZM5 |
| 0.70% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $1,253,509.07 | 1,430,000 | BKPJT48 |
| 0.70% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $1,248,423.92 | 1,167,000 | BR1H7L8 |
| 0.69% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,232,780.73 | 1,210,000 | BS561W7 |
| 0.67% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,206,977.87 | 1,123,000 | BR54DP1 |
| 0.67% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,202,547.06 | 1,244,000 | BN7SNC0 |
| 0.67% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,198,415.79 | 1,170,000 | BRJQLF9 |
| 0.65% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,158,763.52 | 1,211,000 | BL57W73 |
| 0.63% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,138,131.50 | 1,100,000 | BRSF6F2 |
| 0.63% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $1,137,150.48 | 1,191,000 | BLCC408 |
| 0.63% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,132,485.05 | 1,133,000 | BPVDS42 |
| 0.63% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $1,124,936.31 | 1,107,000 | BNDQTF3 |
| 0.63% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $1,124,227.93 | 1,053,000 | BRXCZB7 |
| 0.63% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $1,121,247.95 | 1,117,000 | BS9C5X0 |
| 0.61% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $1,093,244.19 | 1,091,000 | BJLTTQ7 |
| 0.60% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,082,795.71 | 1,085,000 | BPW9BQ2 |
| 0.60% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,082,240.52 | 1,201,000 | BQKN5B6 |
| 0.60% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $1,076,211.93 | 1,059,000 | BMYMZT9 |
| 0.59% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $1,061,232.78 | 1,128,000 | BMH29D8 |
| 0.58% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $1,040,500.46 | 1,155,000 | BMV1L02 |
| 0.58% | -- | CVS HEALTH CORP CALLABLE NOTES VARIABLE 10/MAR/2055 USD 1000 | -- | -- | -- | $1,039,383.64 | 1,029,000 | -- |
| 0.58% | -- | ALTICE FRANCE SA | 5.50% | 10/15/2029 | -- | $1,035,153.41 | 1,311,000 | BMXJSV4 |
| 0.57% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,025,636.66 | 1,040,000 | BP812N6 |
| 0.57% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $1,020,543.30 | 1,012,000 | BMZRC58 |
| 0.56% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $1,011,952.62 | 956,000 | BRT75V6 |
| 0.56% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $1,008,460.47 | 954,000 | BPG22V9 |
| 0.56% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $1,007,955.20 | 1,039,000 | BNNPV76 |
| 0.56% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $1,005,123.62 | 1,158,000 | BMG3813 |
| 0.54% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $976,946.21 | 1,073,000 | BRQPKY1 |
| 0.53% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $957,672.66 | 998,000 | BQ1PCD2 |
| 0.53% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $955,828.67 | 1,039,000 | BKPMPR2 |
| 0.53% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $953,465.25 | 921,000 | BNRPC80 |
| 0.53% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $950,400.05 | 960,000 | BMF4PS3 |
| 0.52% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $940,642.44 | 965,000 | BRBCV11 |
| 0.52% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $935,330.50 | 1,053,000 | BN7RYH9 |
| 0.51% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $921,213.48 | 920,000 | BMBN777 |
| 0.51% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $913,822.94 | 809,000 | BS2FMP7 |
| 0.51% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $905,648.00 | 920,000 | BNBTNV8 |
| 0.50% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $902,105.31 | 1,081,000 | BLB14D9 |
| 0.50% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $889,578.40 | 862,000 | BT3NFD6 |
| 0.50% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $887,876.41 | 922,000 | BTCK903 |
| 0.47% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $848,236.20 | 803,000 | BRBH8M6 |
| 0.47% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $847,061.33 | 894,000 | BMV1LQ8 |
| 0.47% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $839,005.09 | 770,000 | BRCDDH3 |
| 0.47% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $838,809.67 | 850,000 | BPP2DX9 |
| 0.46% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $833,458.58 | 834,000 | BLSN159 |
| 0.46% | -- | SAKS GLOBAL ENTERPRISES LLC CALLABLE NOTES FIXED 11% 15/DEC/2029 USD 1000 | -- | -- | -- | $831,892.62 | 886,000 | -- |
| 0.46% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $831,264.10 | 844,000 | BPLPFQ9 |
| 0.45% | -- | ALTICE FRANCE SA | 5.13% | 07/15/2029 | -- | $814,876.62 | 1,033,000 | BM9V193 |
| 0.45% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $803,300.01 | 897,000 | BNHS096 |
| 0.45% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $799,538.05 | 869,000 | BMDHSY1 |
| 0.44% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $795,416.66 | 755,000 | BNQQSS6 |
| 0.44% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $794,348.30 | 782,000 | BM8K1F7 |
| 0.44% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $790,436.16 | 826,000 | BJNPGH3 |
| 0.44% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $788,044.62 | 753,000 | BMCMQL0 |
| 0.44% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $785,778.41 | 810,000 | BNBTL14 |
| 0.44% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $784,290.31 | 764,000 | BMC94W8 |
| 0.44% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $783,761.94 | 780,000 | BM8K6S5 |
| 0.43% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $779,620.66 | 845,000 | BLN9LB8 |
| 0.43% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $777,322.52 | 1,249,000 | BN6JYJ8 |
| 0.43% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $777,215.97 | 793,000 | BT7JWZ1 |
| 0.43% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $766,907.17 | 786,000 | BM9QJS3 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $766,124.39 | 751,000 | BPG27W5 |
| 0.42% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $759,015.95 | 719,000 | BPLL6H5 |
| 0.41% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $742,535.49 | 750,000 | BT9NKJ1 |
| 0.41% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $733,718.54 | 828,000 | BNM51T9 |
| 0.41% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $733,270.87 | 709,000 | BLDCK76 |
| 0.41% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $728,579.66 | 759,000 | BMY8TS4 |
| 0.40% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $722,252.61 | 721,000 | BQWNRK7 |
| 0.40% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $719,832.07 | 834,000 | BKVH9C4 |
| 0.40% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $712,164.07 | 721,000 | BMC7DR0 |
| 0.39% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $707,898.98 | 750,000 | BMXC0P1 |
| 0.39% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $704,928.44 | 732,000 | BMDB423 |
| 0.39% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $699,201.41 | 769,000 | BNDLGZ7 |
| 0.39% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $699,044.35 | 780,000 | BMD9BZ9 |
| 0.39% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $695,515.72 | 746,000 | BMW4P42 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $691,591.87 | 693,000 | BMG68Y5 |
| 0.38% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $689,909.56 | 729,000 | BMFBJS2 |
| 0.38% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $686,669.06 | 658,000 | BP2F579 |
| 0.38% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $677,004.88 | 743,000 | BN6KWY2 |
| 0.38% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $674,653.98 | 646,000 | BLC8Z03 |
| 0.38% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $674,531.31 | 1,250,000 | BM9M1M9 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $673,703.71 | 711,000 | BLC9L19 |
| 0.37% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $671,804.88 | 628,000 | BLDCTF7 |
| 0.37% | -- | MOHEGAN TRIBAL GAMING AU | 8.00% | 02/01/2026 | -- | $667,156.59 | 671,000 | BMYW168 |
| 0.37% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $658,683.39 | 624,000 | BS7XRZ1 |
| 0.35% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $636,136.34 | 679,000 | BNHT925 |
| 0.35% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $628,262.45 | 713,000 | BLBQF75 |
| 0.35% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $627,790.88 | 632,000 | BSVLRC8 |
| 0.35% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $621,385.91 | 646,000 | BMVVY70 |
| 0.35% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $618,716.61 | 608,000 | BMCGQ56 |
| 0.34% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $617,227.49 | 671,000 | BLDBLN6 |
| 0.34% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $616,964.98 | 610,000 | BQB88K0 |
| 0.34% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $609,757.50 | 550,000 | BR1YST4 |
| 0.34% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $605,564.23 | 665,000 | BPVBYZ9 |
| 0.34% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $605,379.27 | 606,000 | BP091F3 |
| 0.34% | -- | ROYAL CARIBBEAN CRUISES | 5.63% | 09/30/2031 | -- | $602,835.07 | 607,000 | BMZLFH3 |
| 0.33% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $595,364.91 | 628,000 | BP0X973 |
| 0.33% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $594,917.39 | 642,000 | BMYXXP4 |
| 0.33% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $592,639.30 | 622,000 | BMW5D63 |
| 0.33% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $591,839.51 | 572,000 | BNKBFF3 |
| 0.33% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $586,541.13 | 569,000 | BMCGQM3 |
| 0.32% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $582,106.66 | 566,000 | BP092P0 |
| 0.32% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $581,259.78 | 563,000 | BQKRVC1 |
| 0.32% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $580,299.28 | 556,000 | BNRPV83 |
| 0.32% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $578,657.09 | 542,000 | BQFHT88 |
| 0.32% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $577,207.75 | 635,000 | BLFGYK7 |
| 0.32% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $573,469.55 | 563,000 | BS3BCF4 |
| 0.32% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $568,465.25 | 589,000 | BM8H4Y8 |
| 0.32% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $567,187.50 | 625,000 | BKPGFV8 |
| 0.31% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $564,207.70 | 634,000 | BMX50K5 |
| 0.31% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $564,171.38 | 557,000 | BMFKW46 |
| 0.31% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $563,780.32 | 558,000 | BQ9D885 |
| 0.31% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $561,337.86 | 536,000 | BRC2671 |
| 0.31% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $558,925.18 | 640,000 | BMFBJQ0 |
| 0.31% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $548,903.38 | 630,000 | BP7LR98 |
| 0.31% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $547,862.96 | 578,000 | BLBQFB9 |
| 0.30% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $544,482.59 | 526,000 | BMVXP62 |
| 0.30% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $542,133.91 | 526,000 | BRBCTZ1 |
| 0.30% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $541,425.91 | 586,000 | BMT7QC9 |
| 0.30% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $538,955.25 | 529,000 | BR2NN28 |
| 0.30% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $538,817.68 | 521,000 | BS88506 |
| 0.30% | -- | COMMSCOPE LLC | 4.75% | 09/01/2029 | -- | $534,051.55 | 608,000 | BLDBLL4 |
| 0.30% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $532,565.82 | 598,000 | BM94BT2 |
| 0.30% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $529,788.73 | 597,000 | BLD7383 |
| 0.30% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $529,045.25 | 542,000 | BMXHJH1 |
| 0.29% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $524,671.83 | 529,000 | BMW2W01 |
| 0.29% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $524,005.90 | 513,000 | BQ68CL4 |
| 0.29% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $523,387.59 | 550,000 | BN0ZRZ9 |
| 0.29% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $523,289.24 | 500,000 | BRT7527 |
| 0.29% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $521,251.50 | 550,000 | BPGM651 |
| 0.29% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $516,810.27 | 485,000 | BP6GPK1 |
| 0.29% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $514,881.92 | 507,000 | BQ3QRD8 |
| 0.29% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $512,637.50 | 500,000 | BS7Y6M4 |
| 0.29% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $511,739.70 | 572,000 | BNQPRV9 |
| 0.28% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $510,566.25 | 519,000 | BL54J73 |
| 0.28% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $507,376.49 | 729,000 | BP9LWV3 |
| 0.28% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $504,164.25 | 450,000 | BR1YSV6 |
| 0.28% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $504,107.66 | 489,000 | BT3CPW2 |
| 0.28% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $496,717.10 | 464,000 | BS84LN9 |
| 0.28% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $493,295.32 | 481,000 | BPK4CP5 |
| 0.27% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $492,045.74 | 495,000 | BN6MM59 |
| 0.27% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $491,742.36 | 503,000 | BMTN6F0 |
| 0.27% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $488,736.95 | 485,000 | BP092B6 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $488,232.61 | 489,000 | BR4ZG56 |
| 0.26% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $470,542.99 | 471,000 | BMF9C65 |
| 0.26% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $465,340.43 | 421,000 | BR1H4Z1 |
| 0.26% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $463,815.00 | 450,000 | BR53N25 |
| 0.26% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $461,444.85 | 450,000 | BP5JP78 |
| 0.26% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $458,495.49 | 465,000 | BMD14K1 |
| 0.25% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $456,878.16 | 442,000 | BRK14M1 |
| 0.25% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $451,697.20 | 446,000 | BMZBL86 |
| 0.25% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $451,066.22 | 763,000 | BM93J39 |
| 0.25% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $447,772.26 | 471,000 | BNM5Z19 |
| 0.25% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $446,849.76 | 420,000 | BMGC188 |
| 0.25% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $445,289.71 | 426,000 | BMZMHS1 |
| 0.25% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $443,648.84 | 451,000 | BSKP420 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $439,853.84 | 411,000 | BPBRSM2 |
| 0.25% | -- | ALBERTSONS COS/SAFEWAY | 4.88% | 02/15/2030 | -- | $439,672.53 | 458,000 | BKMH644 |
| 0.24% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $437,220.91 | 457,000 | BP815Z9 |
| 0.24% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $435,781.47 | 467,000 | BPLFC68 |
| 0.24% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $430,297.92 | 419,000 | BM8SW92 |
| 0.24% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $428,592.36 | 443,000 | BMHBB51 |
| 0.24% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $428,529.87 | 431,000 | BRPT5J4 |
| 0.24% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $427,061.77 | 455,000 | BMFNGQ5 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $426,206.56 | 461,000 | BNKFMN2 |
| 0.23% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $414,740.07 | 419,000 | BQXJKM7 |
| 0.23% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $411,325.06 | 452,000 | BP4Z8H8 |
| 0.22% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $401,924.87 | 422,000 | BP83D39 |
| 0.22% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $398,573.95 | 384,000 | BNRPLW7 |
| 0.22% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $394,952.43 | 410,000 | BM9PWX6 |
| 0.22% | -- | VERITIV OPERATING CO CALLABLE NOTES FIXED 10.5% 30/NOV/2030 USD 1000 | -- | -- | -- | $393,846.29 | 363,000 | -- |
| 0.22% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $387,527.09 | 394,000 | BMBV4H0 |
| 0.22% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $385,761.66 | 572,000 | BMF4PW7 |
| 0.21% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $385,059.44 | 382,000 | BRBDSH9 |
| 0.21% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $384,723.34 | 386,000 | BN95KZ1 |
| 0.21% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $384,129.65 | 382,000 | BRBVMG0 |
| 0.21% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $373,498.50 | 485,000 | BMH8323 |
| 0.21% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $373,496.27 | 410,000 | BNHW2C5 |
| 0.21% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $368,897.47 | 424,000 | BNKLFF3 |
| 0.20% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $353,528.36 | 356,000 | BQB7JV5 |
| 0.19% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $348,462.14 | 346,000 | BMXHQ92 |
| 0.18% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $325,763.99 | 374,000 | BMFNDV9 |
| 0.18% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $318,585.00 | 634,000 | BMW7N92 |
| 0.18% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $318,234.85 | 322,000 | BMDXC58 |
| 0.18% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $317,158.58 | 301,000 | BMJ0L90 |
| 0.17% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $312,756.44 | 450,000 | BM9TR00 |
| 0.17% | -- | NCL CORP LTD CALLABLE NOTES FIXED 6.75% 01/FEB/2032 USD 1000 | -- | -- | -- | $304,819.94 | 300,000 | -- |
| 0.16% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $283,024.75 | 296,000 | BNTBJ41 |
| 0.15% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $276,305.45 | 277,000 | BP4YGK4 |
| 0.15% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $261,451.34 | 281,000 | BNW2059 |
| 0.14% | -- | CAESARS ENTERTAINMENT INC CALLABLE NOTES FIXED 6.5% 15/FEB/2032 USD 1000 | -- | -- | -- | $245,295.56 | 242,000 | -- |
| 0.14% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $244,869.89 | 285,000 | BM9SD09 |
| 0.13% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $235,962.17 | 271,000 | BMBVFS8 |
| 0.08% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $145,804.59 | 155,000 | BM9NG16 |
| 0.07% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $132,182.68 | 148,000 | BN7S9F5 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -10.72% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2025 TYH5 COMDTY | -- | -- | -19,214,250 | -- | -176 | -- |
| -30.83% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2025 TUH5 COMDTY | -- | -- | -55,279,500 | -- | -269 | -- |
| -55.41% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2025 FVH5 COMDTY | -- | -- | -99,342,633 | -- | -933 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,818,338.17 | 7,818,338 | -- |
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