HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 254 Nontraditional Bond funds based on risk-adjusted returns as of 05/31/25.
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 4/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | -0.75% | -3.07% | 0.01% | -1.91% | 5.16% | 8.04% | 8.25% | 4.31% | 3.74% | 05/21/2013 |
| HYHG NAV | -0.61% | -2.67% | 0.23% | -1.33% | 5.06% | 7.95% | 8.28% | 4.35% | 3.74% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | -0.58% | -2.52% | 0.31% | -1.19% | 5.52% | 8.31% | 8.76% | 4.98% | 4.45% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | -3.70% | -1.16% | 2.20% | -1.16% | 7.22% | 7.41% | 9.15% | 4.51% | 3.83% | 05/21/2013 |
| HYHG NAV | -1.52% | -0.72% | 2.22% | -0.72% | 6.95% | 7.38% | 8.91% | 4.56% | 3.82% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | -1.52% | -0.61% | 2.31% | -0.61% | 7.11% | 7.80% | 9.33% | 5.19% | 4.53% | -- |
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 4/30/2025- Number of Companies 222
- Net Effective Duration -0.10%
Price
as of 6/06/2025- NAV $64.48
- NAV Change $+0.28
- Market Price $64.78
- Market Price Change $+0.47
- Trading Volume (M) 4,444
- View Premium / Discount
Distributions
as of 4/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.77%
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 6.99%
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 4/30/2025- Number of Companies 222
- Net Effective Duration -0.10%
Price
as of 6/06/2025- NAV $64.48
- NAV Change $+0.28
- Market Price $64.78
- Market Price Change $+0.47
- Trading Volume (M) 4,444
- View Premium / Discount
Distributions
as of 4/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.77%
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 6.99%
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 6/05/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 2.14% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $3,577,453.60 | 3,836,000 | BMT7QC9 |
| 1.72% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,872,291.58 | 2,879,000 | BQB9NW0 |
| 1.47% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,451,922.30 | 2,661,000 | BN2R7D1 |
| 1.27% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,127,466.34 | 2,167,000 | BMWDGR9 |
| 1.27% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,112,996.03 | 2,109,000 | BN2QTP4 |
| 1.24% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $2,076,044.37 | 2,099,000 | BNNTB78 |
| 1.17% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $1,958,528.92 | 2,076,000 | BMYXXP4 |
| 1.13% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,890,583.20 | 1,871,000 | BSMMD99 |
| 1.06% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,773,945.60 | 1,765,000 | BMHYR18 |
| 0.94% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,569,906.36 | 1,485,000 | BP6GPK1 |
| 0.91% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,523,448.16 | 1,458,000 | BQ67HZ0 |
| 0.88% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,474,717.67 | 1,452,000 | BNM6H94 |
| 0.88% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,462,106.25 | 1,529,000 | BNBTNV8 |
| 0.85% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,422,809.37 | 1,440,000 | BM8H783 |
| 0.85% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,421,953.36 | 1,382,000 | BRK4301 |
| 0.81% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,345,165.21 | 1,321,000 | BPH26F0 |
| 0.79% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,327,012.03 | 1,283,000 | BS2FMQ8 |
| 0.78% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,307,186.67 | 1,290,000 | BPLP3M1 |
| 0.78% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,301,033.88 | 1,384,000 | BMW7NB4 |
| 0.77% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,279,272.04 | 1,240,000 | BS2FZM5 |
| 0.76% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,263,977.75 | 1,280,000 | BS9G792 |
| 0.76% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $1,262,464.82 | 1,243,000 | BQ2KRF3 |
| 0.74% | -- | BLOCK INC CALLABLE NOTES FIXED 6.5% 15/MAY/2032 USD 1000 | -- | -- | -- | $1,241,505.70 | 1,210,000 | -- |
| 0.73% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $1,214,569.41 | 1,159,000 | BPG22V9 |
| 0.72% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,202,287.54 | 1,170,000 | BRJQLF9 |
| 0.71% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $1,187,496.03 | 1,245,000 | BMDHSY1 |
| 0.71% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,184,701.08 | 1,211,000 | BL57W73 |
| 0.70% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,173,063.93 | 1,223,000 | BMVXSB8 |
| 0.70% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,172,385.71 | 1,134,000 | BTCCGD1 |
| 0.70% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $1,170,284.18 | 1,190,000 | BS6V604 |
| 0.69% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,153,766.88 | 1,162,000 | BNTY069 |
| 0.69% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,151,711.96 | 1,100,000 | BRSF6F2 |
| 0.69% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,147,159.17 | 1,201,000 | BQKN5B6 |
| 0.68% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,143,412.37 | 1,173,000 | BN7SNC0 |
| 0.68% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,136,029.95 | 1,133,000 | BPVDS42 |
| 0.67% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $1,117,475.62 | 1,108,000 | BNTZ4D7 |
| 0.67% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,114,350.82 | 1,030,000 | BQ80PR5 |
| 0.66% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,101,495.26 | 1,085,000 | BPW9BQ2 |
| 0.65% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,089,468.53 | 1,145,000 | BMBJVY0 |
| 0.64% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $1,066,777.27 | 1,149,000 | BRBCV11 |
| 0.62% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,033,189.51 | 1,040,000 | BP812N6 |
| 0.62% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $1,032,471.62 | 1,023,000 | BSNQ215 |
| 0.61% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,016,863.52 | 1,000,000 | BR4XVS8 |
| 0.61% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $1,016,643.00 | 1,000,000 | BPH25H5 |
| 0.61% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,012,666.17 | 1,026,000 | BN765Z1 |
| 0.59% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $993,040.81 | 993,000 | BMBN777 |
| 0.59% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $985,846.30 | 1,060,000 | BS89C64 |
| 0.58% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $973,152.71 | 971,000 | BMF9C65 |
| 0.58% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $961,039.60 | 1,036,000 | BLFGYK7 |
| 0.57% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $955,393.08 | 1,053,000 | BN7RYH9 |
| 0.56% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $929,662.64 | 976,000 | BRQPKY1 |
| 0.56% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $926,747.55 | 937,000 | BRXCZB7 |
| 0.55% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $924,732.34 | 1,004,000 | BMT6QQ0 |
| 0.54% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $903,238.46 | 853,000 | BL6CM66 |
| 0.54% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $900,816.62 | 989,000 | BNNPV76 |
| 0.53% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $891,601.52 | 916,000 | BQXJKM7 |
| 0.52% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $874,619.69 | 865,000 | BS84LN9 |
| 0.51% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $844,280.37 | 894,000 | BMV1LQ8 |
| 0.51% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $843,087.46 | 850,000 | BPP2DX9 |
| 0.50% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $842,978.16 | 803,000 | BRBH8M6 |
| 0.50% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $841,917.09 | 844,000 | BPLPFQ9 |
| 0.50% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $839,566.06 | 736,000 | BS2FMP7 |
| 0.50% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $839,363.91 | 770,000 | BRCDDH3 |
| 0.50% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $834,963.81 | 815,000 | BMZBL86 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $820,224.64 | 799,000 | BNDQTF3 |
| 0.49% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $816,632.71 | 789,000 | BMVXP62 |
| 0.48% | -- | QXO BUILDING PRODUCTS INC CALLABLE BOND FIXED 6.75% 30/APR/2032 USD 1000 | -- | -- | -- | $809,089.35 | 789,000 | -- |
| 0.48% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $802,098.41 | 755,000 | BNQQSS6 |
| 0.48% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $797,944.13 | 936,000 | BMV1L02 |
| 0.48% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $796,888.99 | 851,000 | BNHW2C5 |
| 0.48% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $795,099.46 | 810,000 | BNBTL14 |
| 0.48% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $794,385.17 | 797,000 | BRT75V6 |
| 0.47% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $790,691.25 | 826,000 | BJNPGH3 |
| 0.47% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $786,695.13 | 782,000 | BM8K1F7 |
| 0.46% | -- | COREWEAVE INC CALLABLE NOTES FIXED 9.25% 01/JUN/2030 USD 1000 | -- | -- | -- | $761,234.42 | 750,000 | -- |
| 0.45% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $757,105.43 | 847,000 | BNHS096 |
| 0.45% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $754,822.71 | 738,000 | BNRPC80 |
| 0.45% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $745,952.63 | 675,000 | BR1YST4 |
| 0.45% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $743,794.50 | 750,000 | BT9NKJ1 |
| 0.44% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $740,347.73 | 709,000 | BLDCK76 |
| 0.44% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $732,959.44 | 748,000 | BQ1PCD2 |
| 0.43% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $725,383.32 | 695,000 | BRBCTZ1 |
| 0.43% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $716,393.00 | 721,000 | BMC7DR0 |
| 0.43% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $711,505.48 | 769,000 | BNDLGZ7 |
| 0.42% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $702,735.06 | 729,000 | BMFBJS2 |
| 0.42% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $694,060.98 | 693,000 | BMG68Y5 |
| 0.41% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $691,834.54 | 684,000 | BTXQV60 |
| 0.41% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $683,262.81 | 701,000 | BPG27W5 |
| 0.41% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $676,345.11 | 646,000 | BLC8Z03 |
| 0.40% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $666,033.44 | 649,000 | BTCK903 |
| 0.40% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $664,808.87 | 662,000 | BSVLRC8 |
| 0.39% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $648,972.58 | 679,000 | BNHT925 |
| 0.39% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $648,442.09 | 635,000 | BRZWYJ6 |
| 0.39% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $644,913.92 | 628,000 | BLDCTF7 |
| 0.38% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $633,326.75 | 573,000 | BR1H4Z1 |
| 0.38% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $628,894.95 | 646,000 | BMVVY70 |
| 0.37% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $623,574.94 | 610,000 | BQB88K0 |
| 0.37% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $623,520.68 | 614,000 | BMYMZT9 |
| 0.37% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $622,956.70 | 1,377,000 | BMW7N92 |
| 0.37% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $621,724.06 | 665,000 | BPVBYZ9 |
| 0.37% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $613,944.88 | 653,000 | BLC9L19 |
| 0.36% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $606,442.57 | 622,000 | BMW5D63 |
| 0.36% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $603,649.45 | 606,000 | BP091F3 |
| 0.36% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $601,938.38 | 659,000 | BM8K6S5 |
| 0.36% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $600,425.53 | 614,000 | BMTN6F0 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $596,060.68 | 581,000 | BPX27Q2 |
| 0.35% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $589,031.54 | 569,000 | BMCGQM3 |
| 0.35% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $581,233.75 | 603,000 | BQ9D885 |
| 0.35% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $579,587.79 | 630,000 | BP7LR98 |
| 0.35% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $578,346.47 | 609,000 | BMXC0P1 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $576,155.00 | 556,000 | BNRPV83 |
| 0.34% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $570,744.57 | 546,000 | BT3NFD6 |
| 0.34% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $561,021.55 | 536,000 | BRC2671 |
| 0.33% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $551,743.50 | 550,000 | BP946X2 |
| 0.33% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $548,694.69 | 542,000 | BSHT8Y5 |
| 0.32% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $539,275.30 | 529,000 | BR2NN28 |
| 0.32% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $538,423.79 | 523,000 | BMCMQL0 |
| 0.32% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $533,791.67 | 550,000 | BN0ZRZ9 |
| 0.32% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $532,435.87 | 542,000 | BMXHJH1 |
| 0.32% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $532,359.20 | 592,000 | BPLFC68 |
| 0.32% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $531,501.89 | 770,000 | BM93J39 |
| 0.32% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $530,093.01 | 587,000 | BKVH9C4 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $529,122.05 | 513,000 | BQ68CL4 |
| 0.31% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $525,168.68 | 529,000 | BMW2W01 |
| 0.31% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $523,503.50 | 520,000 | BMC94W8 |
| 0.31% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $522,374.40 | 521,000 | BTTRMX1 |
| 0.31% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $521,602.49 | 503,000 | BRRG7V9 |
| 0.31% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $520,055.54 | 532,000 | BM9PWX6 |
| 0.31% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $519,649.00 | 500,000 | BNKBFF3 |
| 0.31% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $519,439.75 | 507,000 | BQ3QRD8 |
| 0.31% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $518,388.50 | 500,000 | BMVXP51 |
| 0.31% | -- | VOYAGER PARENT LLC CALLABLE BOND FIXED 9.25% 01/JUL/2032 USD 1000 | -- | -- | -- | $516,448.00 | 500,000 | -- |
| 0.31% | -- | NEWELL BRANDS INC CALLABLE NOTES FIXED 8.5% 01/JUN/2028 USD 1000 | -- | -- | -- | $515,965.24 | 500,000 | -- |
| 0.31% | -- | ALBION FINANCING 1 SARL / AGGREKO HOLDINGS INC CALLABLE BOND FIXED 7% 21/MAY/2030 USD 1000 | -- | -- | -- | $510,479.00 | 500,000 | -- |
| 0.31% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $509,921.95 | 519,000 | BL54J73 |
| 0.30% | -- | POST HOLDINGS INC CALLABLE BOND FIXED 6.25% 15/FEB/2032 USD 1000 | -- | -- | -- | $508,430.00 | 500,000 | -- |
| 0.30% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $507,348.07 | 563,000 | BS3BCF4 |
| 0.30% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $505,617.79 | 539,000 | BKPMPR2 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $501,090.14 | 489,000 | BT3CPW2 |
| 0.30% | -- | FAIR ISAAC CORP CALLABLE NOTES FIXED 6% 15/MAY/2033 USD 1000 | -- | -- | -- | $499,921.75 | 500,000 | -- |
| 0.30% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $499,429.39 | 500,000 | BSNZ6B0 |
| 0.30% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $498,722.39 | 560,000 | BMG3813 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $498,158.10 | 495,000 | BN6MM59 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $497,674.51 | 485,000 | BP092B6 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $497,310.75 | 450,000 | BR1YSV6 |
| 0.30% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $496,086.22 | 556,000 | BKPJT48 |
| 0.30% | -- | TRANSDIGM INC CALLABLE NOTES FIXED 6.375% 31/MAY/2033 USD 1000 | -- | -- | -- | $494,287.10 | 500,000 | -- |
| 0.30% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $493,386.67 | 572,000 | BNQPRV9 |
| 0.29% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $490,235.98 | 467,000 | BS88506 |
| 0.29% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $490,217.40 | 481,000 | BPK4CP5 |
| 0.29% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $489,544.35 | 1,169,000 | BQWNRK7 |
| 0.29% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $484,571.25 | 521,000 | BN6KWY2 |
| 0.29% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $484,163.92 | 500,000 | BRXZ215 |
| 0.29% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $483,220.00 | 653,000 | BPGM651 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $482,120.45 | 464,000 | BQKRVC1 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $481,214.08 | 467,000 | BMCGQ56 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $465,786.93 | 495,000 | BMH29D8 |
| 0.28% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $465,373.40 | 483,000 | BM8H4Y8 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $463,632.73 | 450,000 | BP5JP78 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $462,365.82 | 489,000 | BR4ZG56 |
| 0.28% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $461,930.07 | 465,000 | BMD14K1 |
| 0.28% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $461,772.50 | 492,000 | BMY8TS4 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $460,874.70 | 450,000 | BR53N25 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $460,428.26 | 441,000 | BPLL6H5 |
| 0.28% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $459,482.15 | 919,000 | BN6JYJ8 |
| 0.27% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $455,737.76 | 471,000 | BNM5Z19 |
| 0.27% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $447,677.12 | 440,000 | BS9C5X0 |
| 0.27% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $447,363.42 | 420,000 | BMGC188 |
| 0.27% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $446,951.96 | 426,000 | BMZMHS1 |
| 0.27% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $445,363.11 | 502,000 | BMFNDV9 |
| 0.27% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $444,803.80 | 442,000 | BRK14M1 |
| 0.26% | -- | OWENS & MINOR INC | 10.00% | 04/15/2030 | -- | $442,087.80 | 440,000 | BRF4GB8 |
| 0.26% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $436,769.95 | 455,000 | BMFNGQ5 |
| 0.26% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $435,584.75 | 436,000 | BN95KZ1 |
| 0.26% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $432,845.75 | 497,000 | BM94BT2 |
| 0.26% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $430,968.41 | 457,000 | BT7JWZ1 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $428,315.83 | 443,000 | BMHBB51 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $427,914.05 | 419,000 | BM8SW92 |
| 0.25% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $423,980.19 | 399,000 | BMJ0LG7 |
| 0.25% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $411,383.64 | 452,000 | BP4Z8H8 |
| 0.24% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $403,369.37 | 431,000 | BRPT5J4 |
| 0.24% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $399,623.42 | 384,000 | BNRPLW7 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $398,201.14 | 422,000 | BP83D39 |
| 0.24% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $397,690.22 | 383,000 | BPBRSM2 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $396,036.55 | 383,000 | BP092P0 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $392,504.20 | 416,000 | BNKFMN2 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $388,200.82 | 382,000 | BRBVMG0 |
| 0.23% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $388,087.80 | 451,000 | BSKP420 |
| 0.23% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $388,069.22 | 382,000 | BRBDSH9 |
| 0.23% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $384,917.75 | 394,000 | BMBV4H0 |
| 0.23% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $382,990.22 | 376,000 | BRT7527 |
| 0.23% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $377,410.79 | 424,000 | BNKLFF3 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $377,087.50 | 485,000 | BMH8323 |
| 0.22% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $360,198.80 | 354,000 | BM9YJB0 |
| 0.21% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $358,726.63 | 349,000 | BS7XRZ1 |
| 0.21% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $356,708.80 | 356,000 | BQB7JV5 |
| 0.21% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $349,945.11 | 384,000 | BNM51T9 |
| 0.21% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $346,279.55 | 378,000 | BMBVFS8 |
| 0.20% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $341,235.23 | 389,000 | BMDB423 |
| 0.20% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $332,707.49 | 332,000 | BTTRLD4 |
| 0.19% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $319,930.81 | 704,000 | BM9M1M9 |
| 0.19% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $318,173.96 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $313,981.83 | 301,000 | BMJ0L90 |
| 0.17% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $289,081.04 | 287,000 | BV0YZ47 |
| 0.17% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $286,486.74 | 296,000 | BNTBJ41 |
| 0.17% | -- | SAKS GLOBAL ENTERPRISES | 11.00% | 12/15/2029 | -- | $284,970.00 | 708,000 | BS495M5 |
| 0.17% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $276,262.29 | 260,000 | BR1H7L8 |
| 0.15% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $250,918.39 | 259,000 | BP815Z9 |
| 0.15% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $250,122.69 | 247,000 | BMXHQ92 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $249,540.13 | 285,000 | BM9SD09 |
| 0.14% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $228,945.55 | 214,000 | BQFHT88 |
| 0.12% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $201,070.99 | 211,000 | BNW2059 |
| 0.11% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $181,435.48 | 204,000 | BMFBJQ0 |
| 0.09% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $142,987.50 | 155,000 | BM9NG16 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $135,927.74 | 148,000 | BN7S9F5 |
| 0.07% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $121,191.20 | 133,000 | BMD9BZ9 |
| 0.07% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $120,082.57 | 199,000 | BP0X973 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $88,033.71 | 97,000 | BLD7383 |
| 0.04% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $73,703.83 | 76,000 | BLCC408 |
| 0.04% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $63,817.35 | 96,000 | BP9LWV3 |
| 0.04% | -- | CELANESE US HOLDINGS LLC | 6.42% | 07/15/2027 | -- | $63,789.51 | 62,000 | BP9RBF8 |
| 0.02% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $27,370.25 | 27,000 | BP4YGK4 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $10,570.88 | 12,000 | BLDBLN6 |
| -- | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $2,087.35 | 2,000 | BS7Y6M4 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -11.88% | -- | US 10YR NOTE (CBT) BOND 19/SEP/2025 TYU5 COMDTY | -- | -- | -19,832,641 | -- | -179 | -- |
| -30.56% | -- | US 2YR NOTE (CBT) BOND 30/SEP/2025 TUU5 COMDTY | -- | -- | -51,012,328 | -- | -246 | -- |
| -53.04% | -- | US 5YR NOTE (CBT) BOND 30/SEP/2025 FVU5 COMDTY | -- | -- | -88,547,977 | -- | -819 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,103,745.31 | 7,103,745 | -- |
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