HYHG
High Yield—Interest Rate Hedged
Why Invest in HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Why Invest in HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
HYHG Market Price | 0.94% | 2.60% | 7.34% | 4.91% | 16.45% | 6.85% | 5.83% | 3.59% | 3.67% | 05/21/2013 |
HYHG NAV | 0.46% | 2.66% | 6.78% | 4.57% | 16.33% | 6.78% | 5.72% | 3.59% | 3.64% | 05/21/2013 |
FTSE High Yield (Treasury Rate-Hedged) Index | 0.43% | 2.63% | 7.02% | 4.64% | 16.19% | 7.11% | 6.05% | 4.27% | 4.36% | -- |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
HYHG Market Price | 0.44% | 2.71% | 7.43% | 2.71% | 14.17% | 6.07% | 5.07% | 3.36% | 3.53% | 05/21/2013 |
HYHG NAV | 1.01% | 2.89% | 7.64% | 2.89% | 14.77% | 6.31% | 5.14% | 3.42% | 3.54% | 05/21/2013 |
FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.24% | 8.04% | 3.24% | 15.59% | 6.76% | 5.55% | 4.15% | 4.29% | -- |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
About the Fund
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/23/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 5/31/2024- Number of Companies 233
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- Weighted Average Yield to
Maturity7.82% - Net Effective Duration -0.14%
Price
as of 7/02/2024- NAV $63.73
- NAV Change $-0.06
- Market Price $63.86
- Market Price Change $-0.14
- Trading Volume (M) 5,860
- 30-Day Median Bid Ask Spread 0.00%
- View Premium / Discount
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/23/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 5/31/2024- Number of Companies 233
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Distribution Yield --
Distribution Yield represents the annualized yield based on the last income distribution.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- Weighted Average Yield to Maturity 7.82%
- Net Effective Duration -0.14%
Price
as of 7/02/2024- NAV $63.73
- NAV Change $-0.06
- Market Price $63.86
- Market Price Change $-0.14
- Trading Volume (M) 5,860
- 30-Day Median Bid Ask Spread 0.00%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 7/02/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.76% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $2,440,572.49 | 2,491,000 | BM9QGV5 |
1.38% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $1,915,452.55 | 2,068,000 | BMV1LQ8 |
1.19% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,643,100.19 | 1,614,000 | BPX27Q2 |
1.14% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $1,582,001.42 | 1,942,000 | BN2R7D1 |
1.11% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,544,102.69 | 1,523,000 | BQ67HZ0 |
1.09% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,509,898.29 | 1,575,000 | BN2QTP4 |
1.04% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,437,719.31 | 1,526,000 | BN765Z1 |
1.03% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,430,018.14 | 1,306,000 | BQ80PR5 |
0.96% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,336,721.23 | 1,404,000 | BMWDGR9 |
0.96% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,333,211.35 | 1,342,000 | BPVDS42 |
0.94% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,310,099.07 | 1,402,000 | BNNTB78 |
0.93% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,293,928.17 | 1,283,000 | BS2FMQ8 |
0.93% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $1,289,093.58 | 1,469,000 | BMT6QQ0 |
0.93% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,282,729.70 | 1,376,000 | BNTY069 |
0.91% | -- | DISH DBS CORP | 5.25% | 12/01/2026 | -- | $1,265,520.05 | 1,595,000 | BNRLYV5 |
0.90% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,246,865.81 | 1,265,000 | BMHYR18 |
0.90% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,242,621.96 | 1,384,000 | BMW7NB4 |
0.89% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,240,430.10 | 1,260,000 | BQB9NW0 |
0.87% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,209,976.51 | 1,249,000 | BRJQLF9 |
0.85% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,177,499.25 | 1,169,000 | BPLP3M1 |
0.84% | -- | SIRIUS XM RADIO INC | 4.00% | 07/15/2028 | -- | $1,160,694.51 | 1,286,000 | BMBJVY0 |
0.82% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,141,842.60 | 1,201,000 | BQKN5B6 |
0.79% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $1,098,947.54 | 1,196,000 | BMW4P42 |
0.75% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,045,961.46 | 1,032,000 | BS2FZM5 |
0.75% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,038,115.79 | 1,000,000 | BL6CM66 |
0.75% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $1,035,619.17 | 1,061,000 | BMZRC58 |
0.74% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $1,021,155.15 | 1,046,000 | BR1H7L8 |
0.72% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,002,773.33 | 972,000 | BRK4301 |
0.71% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $977,668.43 | 1,099,000 | BPVBYZ9 |
0.70% | -- | CARNIVAL CORP | 4.00% | 08/01/2028 | -- | $974,559.29 | 1,042,000 | BMD9Z35 |
0.69% | -- | CALPINE CORP | 4.50% | 02/15/2028 | -- | $951,005.00 | 1,002,000 | BJVS9S6 |
0.68% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $939,028.87 | 967,000 | BM8H783 |
0.67% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $924,668.39 | 916,000 | BNDQTF3 |
0.66% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2027 | -- | $913,990.77 | 914,000 | BNHV2Z5 |
0.66% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $910,186.56 | 994,000 | BN7SNC0 |
0.65% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $903,302.71 | 993,000 | BNHT925 |
0.65% | -- | AMERICAN AIRLINES/AADVAN | 5.50% | 04/20/2026 | -- | $897,264.16 | 906,000 | BM8H716 |
0.63% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $869,560.06 | 967,000 | BMG1HP4 |
0.62% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $854,375.28 | 836,000 | BSMMD99 |
0.61% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $841,817.82 | 939,000 | BKPMPR2 |
0.60% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $838,049.08 | 865,000 | BMD14K1 |
0.60% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $831,777.80 | 874,000 | BLCC408 |
0.60% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $827,747.23 | 862,000 | BMG68Y5 |
0.59% | -- | NCL CORPORATION LTD | 5.88% | 03/15/2026 | -- | $821,643.13 | 831,000 | BMB5SR0 |
0.58% | -- | UNITED AIRLINES INC | 4.38% | 04/15/2026 | -- | $810,770.35 | 840,000 | BMG8799 |
0.58% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $808,008.30 | 932,000 | BN7RYH9 |
0.57% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $790,064.83 | 873,000 | BLN9LB8 |
0.57% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $787,931.19 | 862,000 | BNW2059 |
0.56% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $782,278.13 | 848,000 | BNNPV76 |
0.55% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $768,677.26 | 826,000 | BJNPGH3 |
0.55% | -- | VERITAS US INC/BERMUDA L | 7.50% | 09/01/2025 | -- | $766,042.60 | 885,000 | BL6B0F8 |
0.54% | -- | CLEAR CHANNEL OUTDOOR HO | 5.13% | 08/15/2027 | -- | $749,650.39 | 785,000 | BJ9NFT6 |
0.54% | -- | NEWS CORP | 3.88% | 05/15/2029 | -- | $747,890.36 | 813,000 | BMV9PS2 |
0.53% | -- | UNITED AIRLINES INC | 4.63% | 04/15/2029 | -- | $728,519.20 | 783,000 | BMG8788 |
0.51% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $709,894.05 | 665,000 | BRT75V6 |
0.51% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $706,200.73 | 702,000 | BMFKW46 |
0.50% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $700,088.59 | 662,000 | BRBH8M6 |
0.50% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $698,575.88 | 721,000 | BMC7DR0 |
0.50% | -- | ALTICE FRANCE SA | 5.13% | 07/15/2029 | -- | $694,521.67 | 1,061,000 | BM9V193 |
0.50% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $690,830.42 | 684,000 | BS561W7 |
0.50% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $689,624.00 | 760,000 | BNBTNV8 |
0.49% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $681,409.04 | 665,000 | BS2FMP7 |
0.49% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $677,159.63 | 748,000 | BQ1PCD2 |
0.48% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $666,953.85 | 735,000 | BNTBJ41 |
0.48% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $665,779.19 | 642,000 | BNRPC80 |
0.48% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $665,426.03 | 646,000 | BLC8Z03 |
0.48% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $664,354.57 | 628,000 | BLDCTF7 |
0.47% | -- | NOVELIS CORP | 4.75% | 01/30/2030 | -- | $652,521.99 | 704,000 | BKLPSC1 |
0.47% | -- | ROYAL CARIBBEAN CRUISES | 6.25% | 03/15/2032 | -- | $648,589.50 | 644,000 | BSNSDT6 |
0.46% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $636,550.09 | 681,000 | BM9QJS3 |
0.46% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $635,081.44 | 698,000 | BMVXSB8 |
0.46% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $631,931.29 | 699,000 | BP0X973 |
0.46% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $631,686.28 | 628,000 | BNM6H94 |
0.45% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $623,208.03 | 621,000 | BQB88K0 |
0.45% | -- | CCO HLDGS LLC/CAP CORP | 4.75% | 03/01/2030 | -- | $619,125.33 | 717,000 | BK6WV51 |
0.45% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $618,678.52 | 611,000 | BPG27W5 |
0.44% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $612,347.12 | 652,000 | BMF4PS3 |
0.44% | -- | ALTICE FRANCE SA | 5.50% | 10/15/2029 | -- | $611,906.37 | 928,000 | BMXJSV4 |
0.44% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $611,287.70 | 646,000 | BMVVY70 |
0.44% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $607,257.11 | 625,000 | BMTN6F0 |
0.44% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $605,671.24 | 548,000 | BR1YST4 |
0.44% | -- | PRIME SECSRVC BRW/FINANC | 6.25% | 01/15/2028 | -- | $604,333.55 | 614,000 | BKVKXB0 |
0.43% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $593,568.25 | 550,000 | BRCDDH3 |
0.42% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $588,363.31 | 577,000 | BMYMZT9 |
0.42% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $586,832.87 | 650,000 | BLSN159 |
0.42% | -- | VERICAST CORP | 11.00% | 09/15/2026 | -- | $585,488.75 | 553,000 | BP96BJ9 |
0.42% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $578,809.89 | 612,000 | BKPGFV8 |
0.42% | -- | STANDARD INDUSTRIES INC | 4.38% | 07/15/2030 | -- | $577,782.28 | 642,000 | BMYXXP4 |
0.42% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $575,418.19 | 554,000 | BPG22V9 |
0.42% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $575,398.69 | 542,000 | BQFHT88 |
0.41% | -- | HAWAIIAN BRAND INTELLECT | 5.75% | 01/20/2026 | -- | $564,848.79 | 597,000 | BMGWDD7 |
0.41% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $564,642.08 | 674,000 | BP7LR98 |
0.41% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $564,528.96 | 635,000 | BLFGYK7 |
0.40% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $558,593.50 | 635,000 | BMD9BZ9 |
0.40% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $557,451.65 | 589,000 | BM8H4Y8 |
0.40% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $552,764.33 | 634,000 | BMX50K5 |
0.40% | -- | SOUTHWESTERN ENERGY CO | 4.75% | 02/01/2032 | -- | $548,397.06 | 600,000 | BMH4406 |
0.39% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $539,453.00 | 500,000 | BS3BCF4 |
0.38% | -- | ICAHN ENTERPRISES/FIN | 5.25% | 05/15/2027 | -- | $533,012.41 | 569,000 | BLGSGV7 |
0.38% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $530,890.10 | 514,000 | BS7XRZ1 |
0.38% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $524,797.31 | 477,000 | BR1H4Z1 |
0.38% | -- | WINDSTREAM ESCROW LLC | 7.75% | 08/15/2028 | -- | $523,222.20 | 556,000 | BMH17V9 |
0.38% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $522,677.00 | 500,000 | BRT7527 |
0.38% | -- | CHS/COMMUNITY HEALTH SYSTEMS INC CALLABLE BOND FIXED 10.875% 15/JAN/2032 USD 1000 | -- | -- | -- | $521,170.62 | 500,000 | -- |
0.37% | -- | AMERICAN AIRLINES INC CALLABLE NOTES FIXED 8.5% 15/MAY/2029 USD 1000 | -- | -- | -- | $517,945.50 | 500,000 | -- |
0.37% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $512,506.65 | 529,000 | BMW2W01 |
0.37% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $512,221.73 | 598,000 | BM94BT2 |
0.37% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $512,202.26 | 500,000 | BLDCK76 |
0.37% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $509,072.05 | 558,000 | BLDBLN6 |
0.36% | -- | POST HOLDINGS INC | 4.63% | 04/15/2030 | -- | $502,654.70 | 548,000 | BLCF601 |
0.36% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $500,370.69 | 500,000 | BS7Y6M4 |
0.36% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $499,767.37 | 500,000 | BMCGQM3 |
0.36% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $496,811.90 | 500,000 | BPW9BQ2 |
0.36% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $493,191.53 | 507,000 | BQ3QRD8 |
0.35% | -- | NMG HLDCO/NEIMAN MARCUS | 7.13% | 04/01/2026 | -- | $491,770.27 | 498,000 | BNRLH72 |
0.35% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $491,190.64 | 552,000 | BMFNGQ5 |
0.35% | -- | UBER TECHNOLOGIES INC | 7.50% | 09/15/2027 | -- | $490,955.27 | 481,000 | BKPQNG9 |
0.35% | -- | ACRISURE LLC / ACRISURE FINANCE INC CALLABLE BOND FIXED 7.5% 06/NOV/2030 USD 1000 | -- | -- | -- | $489,447.92 | 489,000 | -- |
0.35% | -- | CRESCENT ENERGY FINANCE | 9.25% | 02/15/2028 | -- | $487,977.93 | 461,000 | BPQYX34 |
0.35% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $484,405.54 | 500,000 | BPP2DX9 |
0.35% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $481,124.82 | 549,000 | BPLFC68 |
0.34% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $478,178.31 | 556,000 | BNM51T9 |
0.34% | -- | NEXSTAR MEDIA INC | 5.63% | 07/15/2027 | -- | $478,100.55 | 503,000 | BJXR8L7 |
0.34% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $477,377.63 | 463,000 | BRBCTZ1 |
0.34% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $474,781.19 | 453,000 | BMCMQL0 |
0.34% | -- | STAPLES INC CALLABLE NOTES FIXED 10.75% 01/SEP/2029 USD 1000 | -- | -- | -- | $474,126.41 | 500,000 | -- |
0.34% | -- | ROYAL CARIBBEAN CRUISES | 5.50% | 04/01/2028 | -- | $467,000.57 | 474,000 | BN486D5 |
0.34% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $465,906.30 | 519,000 | BMT7QC9 |
0.34% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $464,473.18 | 450,000 | BR53N25 |
0.33% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $464,325.00 | 615,000 | BLB14D9 |
0.33% | -- | VISTRA OPERATIONS CO LLC CALLABLE NOTES FIXED 4.375% 01/MAY/2029 USD 1000 | -- | -- | -- | $464,180.76 | 500,000 | -- |
0.33% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $464,016.05 | 539,000 | BLD7383 |
0.33% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $463,732.70 | 561,000 | BKVH9C4 |
0.33% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $463,470.05 | 464,000 | BRBDSH9 |
0.33% | -- | CSC HOLDINGS LLC | 5.75% | 01/15/2030 | -- | $461,595.66 | 1,225,000 | BKFH0Y9 |
0.33% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $461,523.00 | 500,000 | BMFBJS2 |
0.33% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $460,100.03 | 578,000 | BLBQFB9 |
0.33% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $459,890.18 | 509,000 | BLC9L19 |
0.33% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $458,628.61 | 451,000 | BSKP420 |
0.33% | -- | MOHEGAN TRIBAL GAMING AU | 8.00% | 02/01/2026 | -- | $458,055.00 | 486,000 | BMYW168 |
0.33% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $456,558.60 | 482,000 | BMDB423 |
0.33% | -- | EQM MIDSTREAM PARTNERS L | 4.75% | 01/15/2031 | -- | $454,001.07 | 487,000 | BMD50V6 |
0.33% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $453,828.66 | 446,000 | BNKBFF3 |
0.33% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $453,603.68 | 457,000 | BS9C5X0 |
0.33% | -- | SELECT MEDICAL CORP | 6.25% | 08/15/2026 | -- | $451,367.21 | 450,000 | BKPHQM9 |
0.32% | -- | NCR VOYIX CORP | 5.13% | 04/15/2029 | -- | $447,208.44 | 476,000 | BL6KR10 |
0.32% | -- | GRAY TELEVISION INC CALLABLE NOTES FIXED 10.5% 15/JUL/2029 USD 1000 | -- | -- | -- | $445,333.21 | 444,000 | -- |
0.32% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $443,996.56 | 431,000 | BPK4CP5 |
0.32% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $442,761.16 | 450,000 | BMCGQ56 |
0.32% | -- | BRIGHTLINE EAST LLC CALLABLE BOND FIXED 11% 31/JAN/2030 USD 1000 | -- | -- | -- | $439,518.84 | 500,000 | -- |
0.32% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $437,751.14 | 420,000 | BMGC188 |
0.31% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $431,164.31 | 419,000 | BPLL6H5 |
0.31% | -- | GRAY TELEVISION INC | 5.38% | 11/15/2031 | -- | $428,567.00 | 762,000 | BM93J39 |
0.31% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $428,487.00 | 455,000 | BJLTTQ7 |
0.31% | -- | ARDAGH PKG FIN/HLDGS USA | 4.13% | 08/15/2026 | -- | $425,813.18 | 493,000 | BK5HL35 |
0.31% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $425,798.00 | 400,000 | BR1YSV6 |
0.31% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $424,046.51 | 411,000 | BPBRSM2 |
0.31% | -- | SOUTHWESTERN ENERGY CO | 5.38% | 03/15/2030 | -- | $423,777.90 | 440,000 | BMDVV88 |
0.30% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $422,523.37 | 419,000 | BM8SW92 |
0.30% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 10/15/2027 | -- | $421,916.39 | 430,000 | BJK69N6 |
0.30% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $419,930.87 | 488,000 | BKPJT48 |
0.30% | -- | HERC HOLDINGS INC | 5.50% | 07/15/2027 | -- | $412,077.50 | 420,000 | BHWTW85 |
0.30% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $411,408.70 | 443,000 | BMHBB51 |
0.30% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $409,016.38 | 400,000 | BP5JP78 |
0.29% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $405,149.59 | 438,000 | BMW5D63 |
0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $397,935.76 | 432,000 | BMY8TS4 |
0.28% | -- | CALPINE CORP | 5.13% | 03/15/2028 | -- | $391,731.98 | 409,000 | BKZMMC6 |
0.28% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $391,038.99 | 442,000 | BMXHJH1 |
0.28% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $389,625.09 | 432,000 | BNQPRV9 |
0.28% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $387,998.61 | 422,000 | BP83D39 |
0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $387,410.39 | 415,000 | BNM5Z19 |
0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $379,851.60 | 410,000 | BM9PWX6 |
0.27% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $373,204.55 | 394,000 | BMBV4H0 |
0.26% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $361,962.23 | 373,000 | BM8K1F7 |
0.26% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $361,883.03 | 572,000 | BMF4PW7 |
0.26% | -- | TRIVIUM PACKAGING FIN | 5.50% | 08/15/2026 | -- | $360,029.61 | 367,000 | BK0YKJ0 |
0.26% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $357,832.51 | 367,000 | BMVXP62 |
0.26% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $355,427.68 | 424,000 | BNKLFF3 |
0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $354,196.65 | 452,000 | BP4Z8H8 |
0.25% | -- | UBER TECHNOLOGIES INC | 4.50% | 08/15/2029 | -- | $345,422.47 | 364,000 | BNSNM61 |
0.24% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $339,368.45 | 514,000 | BLBQF75 |
0.24% | -- | COMMSCOPE INC | 4.75% | 09/01/2029 | -- | $339,075.00 | 495,000 | BLDBLL4 |
0.24% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $335,143.53 | 523,000 | BN6JYJ8 |
0.24% | -- | 1011778 BC / NEW RED FIN | 3.88% | 01/15/2028 | -- | $334,480.60 | 358,000 | BJJJT70 |
0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $330,890.04 | 361,000 | BNKFMN2 |
0.24% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $329,446.29 | 336,000 | BN95KZ1 |
0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $328,976.31 | 384,000 | BN6KWY2 |
0.24% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $328,123.46 | 435,000 | BMH8323 |
0.23% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $321,516.33 | 380,000 | BMG3813 |
0.23% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $317,453.86 | 360,000 | BNHW2C5 |
0.23% | -- | BUILDERS FIRSTSOURCE INC CALLABLE NOTES FIXED 6.375% 01/MAR/2034 USD 1000 | -- | -- | -- | $316,343.63 | 321,000 | -- |
0.23% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $316,182.70 | 500,000 | BMDHSY1 |
0.23% | -- | STANDARD INDUSTRIES INC | 3.38% | 01/15/2031 | -- | $314,152.70 | 374,000 | BMFNDV9 |
0.23% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $313,273.91 | 322,000 | BMDXC58 |
0.23% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $313,100.93 | 300,000 | BNQQSS6 |
0.22% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $310,821.14 | 301,000 | BMZMHS1 |
0.21% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $295,889.43 | 324,000 | BMH29D8 |
0.21% | -- | AMC NETWORKS INC | 4.25% | 02/15/2029 | -- | $294,866.27 | 440,000 | BLCHH93 |
0.21% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $287,296.21 | 340,000 | BMFBJQ0 |
0.20% | -- | CMG MEDIA CORPORATION | 8.88% | 12/15/2027 | -- | $273,603.12 | 480,000 | BK7CY84 |
0.19% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $261,010.25 | 429,000 | BP9LWV3 |
0.18% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $250,590.37 | 256,000 | BQB7JV5 |
0.17% | -- | TRANSOCEAN INC | 8.75% | 02/15/2030 | -- | $239,139.83 | 228,600 | BL0NW76 |
0.16% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $222,463.31 | 268,000 | BNHS096 |
0.15% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $201,561.41 | 401,000 | BM9TR00 |
0.14% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $199,577.32 | 211,000 | BL57W73 |
0.13% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $182,877.31 | 178,000 | BQKRVC1 |
0.12% | -- | ALBERTSONS COS/SAFEWAY | 4.63% | 01/15/2027 | -- | $164,965.34 | 171,000 | BK0SQV6 |
0.12% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $163,439.75 | 183,000 | BMV1L02 |
0.11% | -- | CAESARS ENTERTAIN INC | 8.13% | 07/01/2027 | -- | $156,092.16 | 153,000 | BLFBXK5 |
0.11% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $155,135.31 | 425,000 | BM9M1M9 |
0.11% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $153,819.16 | 165,000 | BP815Z9 |
0.09% | -- | MINERAL RESOURCES LTD | 9.25% | 10/01/2028 | -- | $120,374.08 | 115,000 | BQ2LP29 |
0.09% | -- | SIRIUS XM RADIO INC | 3.88% | 09/01/2031 | -- | $119,001.40 | 146,000 | BM9SD09 |
0.06% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $85,773.59 | 98,000 | BN7S9F5 |
0.04% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $56,890.39 | 60,000 | BNBTL14 |
0.03% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $37,257.75 | 42,000 | BMXC0P1 |
-- | -- | PG&E CORP | 5.00% | 07/01/2028 | -- | $3,819.30 | 4,000 | BLCC3Z6 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $5,955,553.94 | 5,955,554 | -- |
-23.77% | -- | US 10YR NOTE (CBT) BOND 19/SEP/2024 TYU4 COMDTY | -- | -- | -32,950,094 | -- | -301 | -- |
-34.01% | -- | US 2YR NOTE (CBT) BOND 30/SEP/2024 TUU4 COMDTY | -- | -- | -47,151,070 | -- | -231 | -- |
-38.72% | -- | US 5YR NOTE (CBT) BOND 30/SEP/2024 FVU4 COMDTY | -- | -- | -53,679,922 | -- | -505 | -- |
Index
as of 3/28/2024
- Total Number of Issues237
- Long Portfolio Duration3.56
- Net Effective Duration0.00
- Long Portfolio Yield7.88
- Net Index Yield9.04
About the Index
The index is comprised of (a) long positions in USD-denominated high yield corporate bonds ("high yield bonds") and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration. In entering these positions, the index seeks to achieve an overall effective duration of zero.
By taking such short positions, the index seeks to mitigate the potential negative impact of rising Treasury interest rates ("interest rates") on the performance of high yield bonds (conversely limiting the potential positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of high yield bonds, such as credit risk, which may have a greater impact than rising or falling interest rates.
The long high yield corporate bond positions included in the index are designed to represent the more liquid universe of high yield bonds for sale within the United States. Currently, the bonds eligible for inclusion in the index include high yield bonds that are issued by companies domiciled in the U.S. and Canada, and that are: fixed rate (including callable bonds); have a maximum rating of Ba1/BB+ by both Moody's Investors Service, Inc. ("Moody's") and Standard and Poor's Financial Services, LLC ("S&P"); and are subject to minimum issue outstanding, minimum time to maturity and maximum time from issuance criteria. Pay-in-kind bonds (which allow issuers the option of paying bondholders interest in additional securities or cash) are excluded. No more than two issues from each issuer are allowed, and no more than 2% of the index is allocated to any single issuer.
The index is reconstituted and rebalanced (including a reset of the duration-equivalent short position in Treasury Securities) on a monthly basis.
Distributions
For
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
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