HYHG invests in a portfolio of high-yield corporate bonds, while seeking to hedge against the potential negative impact of rising interest rates.
HYHG
High Yield - Interest Rate Hedged
Why HYHG?
High Yield Bond Returns
HYHG targets the returns of a diversified portfolio of high yield corporate bonds.
Hedge Against Rising Rates
HYHG provides corporate bond exposure with a built-in hedge against rising rates, utilizing short positions in U.S. Treasury futures.
Lower Rate Sensitivity
By targeting a duration of zero, HYHG seeks to have almost no sensitivity to rising rates, unlike other short-term bond funds.
View fund details
Documents & Downloads
ETF & Index
Prospectus & Regulatory
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 12/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.95% | 1.30% | 3.40% | 5.84% | 5.84% | 10.37% | 6.92% | 6.27% | 4.12% | 05/21/2013 |
| HYHG Market Price | 1.08% | 1.15% | 3.48% | 5.35% | 5.35% | 10.42% | 6.96% | 6.35% | 4.13% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.78% | 1.18% | 3.52% | 6.22% | 6.22% | 10.75% | 7.28% | 6.93% | 4.80% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.95% | 1.30% | 3.40% | 5.84% | 5.84% | 10.37% | 6.92% | 6.27% | 4.12% | 05/21/2013 |
| HYHG Market Price | 1.08% | 1.15% | 3.48% | 5.35% | 5.35% | 10.42% | 6.96% | 6.35% | 4.13% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.78% | 1.18% | 3.52% | 6.22% | 6.22% | 10.75% | 7.28% | 6.93% | 4.80% | -- |
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
Characteristics
as of 12/31/2025- Number of Companies 238
- Net Effective Duration -0.14988
Price
as of 2/06/2026- NAV $64.44
- NAV Change $+0.16
- Market Price $64.61
- Market Price Change $+0.24
- Trading Volume (M) 8,792
- 30-Day Median Bid Ask Spread 0.43%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.38%
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 Yield 6.95%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- 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
Characteristics
as of 12/31/2025- Number of Companies 238
- Net Effective Duration -0.14988
Price
as of 2/06/2026- NAV $64.44
- NAV Change $+0.16
- Market Price $64.61
- Market Price Change $+0.24
- Trading Volume (M) 8,792
- 30-Day Median Bid Ask Spread 0.43%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.38%
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 Yield 6.95%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 2/06/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.55% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,474,704.62 | 2,385,000 | BPH26F0 |
| 1.53% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,447,856.20 | 2,371,000 | BS9G792 |
| 1.17% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,861,966.13 | 1,806,000 | BV4K8M0 |
| 1.14% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,815,221.76 | 1,743,000 | BW5ZMJ6 |
| 1.12% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,786,035.90 | 1,802,000 | BN2QTP4 |
| 1.11% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,771,768.25 | 1,618,000 | BR54DP1 |
| 1.03% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,636,256.01 | 1,592,000 | BT7MYF4 |
| 0.91% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,455,953.55 | 1,385,000 | BP6GPK1 |
| 0.89% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,418,456.89 | 1,402,000 | BM8H783 |
| 0.88% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,405,534.21 | 1,338,000 | BQ67HZ0 |
| 0.84% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,343,396.09 | 1,245,000 | BP2F579 |
| 0.83% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,323,844.31 | 1,283,000 | BS2FMQ8 |
| 0.82% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,315,150.09 | 1,861,000 | BTPF2W8 |
| 0.82% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,310,438.78 | 1,254,000 | BVDKGM7 |
| 0.81% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,298,652.56 | 1,264,000 | BNM6H94 |
| 0.80% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,280,138.75 | 1,250,000 | BRXZ215 |
| 0.80% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $1,270,421.82 | 1,207,000 | BNBV5N0 |
| 0.79% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,263,465.46 | 1,219,000 | BQB9NW0 |
| 0.78% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,245,218.26 | 1,210,000 | BNZG7Q8 |
| 0.76% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,210,379.76 | 1,179,000 | BSHT8Y5 |
| 0.76% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,208,084.90 | 1,223,000 | BMVXSB8 |
| 0.75% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,199,520.00 | 1,176,000 | BSTKQX1 |
| 0.74% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,183,910.53 | 1,154,000 | BRK4301 |
| 0.74% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,175,632.01 | 1,170,000 | BRJQLF9 |
| 0.73% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,163,376.57 | 1,096,000 | BV5GRT7 |
| 0.70% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,119,701.00 | 1,145,000 | BMBJVY0 |
| 0.70% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,113,085.36 | 1,091,000 | BQKN5B6 |
| 0.69% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,099,587.87 | 1,073,000 | BV6KVR4 |
| 0.67% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,065,551.63 | 1,038,000 | BM8K6S5 |
| 0.66% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,051,632.00 | 1,000,000 | BRSF6F2 |
| 0.66% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,050,267.38 | 1,037,000 | BV4FWX4 |
| 0.66% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,047,264.00 | 1,000,000 | BT7HWD3 |
| 0.65% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,037,014.33 | 1,068,000 | BVF9138 |
| 0.65% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,034,247.30 | 1,019,000 | BV99DS3 |
| 0.65% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,032,546.23 | 996,000 | BPLP3M1 |
| 0.64% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,022,345.00 | 1,000,000 | BW2K4P4 |
| 0.63% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,010,348.38 | 1,168,000 | BMVZMH8 |
| 0.63% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,008,065.00 | 1,000,000 | BVBFJZ8 |
| 0.63% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,005,983.45 | 1,006,000 | BS2FZM5 |
| 0.62% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $994,553.16 | 930,000 | BQ80PR5 |
| 0.62% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $993,048.53 | 945,000 | BQ2KRF3 |
| 0.61% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $977,880.28 | 977,000 | BMWDGR9 |
| 0.61% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $965,869.59 | 988,000 | BS89C64 |
| 0.60% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $963,975.66 | 937,000 | BQMJ1N6 |
| 0.60% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $961,126.68 | 929,000 | BT7HYL5 |
| 0.59% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $936,878.39 | 901,000 | BLC8Z03 |
| 0.56% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $894,071.39 | 941,000 | BN7SNC0 |
| 0.55% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $872,228.90 | 868,000 | BM9YJB0 |
| 0.54% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $857,314.54 | 835,000 | BS6V604 |
| 0.53% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $845,320.60 | 827,000 | BRXCZB7 |
| 0.53% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $842,273.80 | 812,000 | BVMR221 |
| 0.53% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $841,635.00 | 951,000 | BRJHSK6 |
| 0.52% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $831,125.78 | 798,000 | BS6S7M4 |
| 0.52% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $828,985.67 | 799,000 | BNDQTF3 |
| 0.52% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $822,010.22 | 798,000 | BP9MC16 |
| 0.51% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $813,424.81 | 826,000 | BJNPGH3 |
| 0.51% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $810,376.00 | 800,000 | BVK50T0 |
| 0.51% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $807,332.11 | 782,000 | BM8K1F7 |
| 0.50% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $793,927.02 | 793,000 | BPVDS42 |
| 0.49% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $789,370.77 | 772,000 | BNTZ4D7 |
| 0.48% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $771,080.14 | 726,000 | BRQPKY1 |
| 0.48% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $770,278.95 | 735,000 | BRT75V6 |
| 0.48% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $769,626.75 | 750,000 | BVK6BT0 |
| 0.48% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $764,989.50 | 750,000 | BS84Y29 |
| 0.48% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $762,588.27 | 742,000 | BTTRMX1 |
| 0.47% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $752,363.35 | 748,000 | BQ1PCD2 |
| 0.47% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $750,119.34 | 737,000 | BPW9BQ2 |
| 0.46% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $741,067.58 | 724,000 | BNRNCC8 |
| 0.46% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $734,761.68 | 690,000 | BVK4MV3 |
| 0.46% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $731,463.17 | 805,000 | BMBVFS8 |
| 0.45% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $719,224.29 | 737,353 | BT68Y19 |
| 0.45% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $713,235.38 | 675,000 | BNQQSS6 |
| 0.45% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $711,918.95 | 704,000 | BVBFJY7 |
| 0.45% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $710,283.35 | 685,000 | BSNQ215 |
| 0.44% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $709,749.52 | 697,000 | BMZBL86 |
| 0.44% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $709,566.44 | 682,000 | BMF9C65 |
| 0.43% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $692,354.79 | 767,000 | BMV1L02 |
| 0.43% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $685,820.61 | 674,000 | BR886L7 |
| 0.42% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $677,751.10 | 650,000 | BMJ0L90 |
| 0.42% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $676,869.75 | 675,000 | BVMS268 |
| 0.42% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $673,337.50 | 649,000 | BTCK903 |
| 0.42% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $664,006.81 | 677,000 | BMV1LQ8 |
| 0.40% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $637,571.04 | 665,000 | BPVBYZ9 |
| 0.40% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $636,060.88 | 711,000 | BM94BT2 |
| 0.40% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $635,852.64 | 613,000 | BP946X2 |
| 0.40% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $635,583.06 | 638,000 | BTFHQJ9 |
| 0.40% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $634,499.35 | 617,000 | BLB3TG3 |
| 0.39% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $626,969.40 | 749,000 | BNNPV76 |
| 0.39% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $626,466.17 | 601,000 | BPG27W5 |
| 0.39% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $625,505.61 | 607,000 | BQXJKM7 |
| 0.39% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $618,392.46 | 602,000 | BQTWXH6 |
| 0.38% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $600,093.98 | 581,000 | BPX27Q2 |
| 0.37% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $595,599.35 | 579,000 | BMVXP62 |
| 0.37% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $587,572.72 | 548,000 | BTCCGD1 |
| 0.37% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $587,160.45 | 594,000 | BNHS096 |
| 0.36% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $581,958.47 | 546,000 | BT3NFD6 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $574,495.74 | 630,000 | BP7LR98 |
| 0.36% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $571,251.20 | 543,000 | BRBCTZ1 |
| 0.36% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $570,233.75 | 576,000 | BS84LN9 |
| 0.35% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $563,032.29 | 556,000 | BQB7JV5 |
| 0.35% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $562,549.15 | 528,000 | BLDCTF7 |
| 0.35% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $562,226.94 | 792,000 | BRBCV11 |
| 0.34% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $549,281.25 | 525,000 | BTJS1V5 |
| 0.34% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $540,851.97 | 505,000 | BRCDDH3 |
| 0.34% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $540,417.00 | 500,000 | BTWWV25 |
| 0.34% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $539,072.55 | 550,000 | BNW2059 |
| 0.34% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $536,610.69 | 530,000 | BTXQV60 |
| 0.34% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $536,079.93 | 563,000 | BS3BCF4 |
| 0.33% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $532,708.10 | 536,000 | BVBG0S1 |
| 0.33% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $529,584.55 | 529,000 | BMW2W01 |
| 0.33% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $528,289.88 | 511,000 | BLDCF37 |
| 0.33% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $522,143.50 | 500,000 | BMGDND0 |
| 0.33% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $521,256.50 | 500,000 | BS9C5X0 |
| 0.32% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $517,175.50 | 500,000 | BMVXP51 |
| 0.32% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $516,290.93 | 542,000 | BLDBLN6 |
| 0.32% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $515,592.23 | 473,000 | BR1H4Z1 |
| 0.32% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $514,167.66 | 719,000 | BMWT6D3 |
| 0.32% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $510,091.48 | 497,000 | BRZWYJ6 |
| 0.32% | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $509,437.84 | 488,000 | BR55K64 |
| 0.32% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $506,841.58 | 485,000 | BVK4BV6 |
| 0.32% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $506,828.50 | 500,000 | BQ689G8 |
| 0.32% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $506,445.89 | 495,000 | BN6MM59 |
| 0.32% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $504,659.74 | 489,000 | BT3CPW2 |
| 0.32% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $503,913.50 | 500,000 | BTGTPC0 |
| 0.32% | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $503,845.50 | 500,000 | BL9XM77 |
| 0.32% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $503,457.00 | 515,000 | BNHT925 |
| 0.31% | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $501,536.50 | 500,000 | BSSBTZ8 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $499,974.21 | 517,000 | BLC9L19 |
| 0.31% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $497,385.52 | 486,000 | BQT2NG5 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $495,670.07 | 534,000 | BKPJT48 |
| 0.31% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $494,316.56 | 501,000 | BN6JYJ8 |
| 0.31% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $492,727.65 | 500,000 | BSJQ190 |
| 0.31% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $491,932.75 | 496,000 | BNTBJ41 |
| 0.31% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $489,642.77 | 496,000 | BT9NKJ1 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $486,125.55 | 450,000 | BR1YSV6 |
| 0.30% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $484,852.48 | 467,000 | BV8DHB7 |
| 0.30% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $483,791.92 | 464,000 | BQKRVC1 |
| 0.30% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $480,597.64 | 467,000 | BMCGQ56 |
| 0.30% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $479,469.51 | 483,000 | BM8H4Y8 |
| 0.30% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $478,565.16 | 495,000 | BMH29D8 |
| 0.30% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $474,887.09 | 466,000 | BTTRLD4 |
| 0.30% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $473,287.91 | 550,000 | BV2JDH9 |
| 0.30% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $471,634.20 | 450,000 | BP5JP78 |
| 0.29% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $469,638.00 | 446,000 | BMGC188 |
| 0.29% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $469,094.15 | 437,000 | BS88506 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,341.20 | 450,000 | BR53N25 |
| 0.29% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $466,210.22 | 461,000 | BP812N6 |
| 0.29% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $466,015.87 | 490,000 | BNKLFF3 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $464,754.66 | 492,000 | BPLFC68 |
| 0.29% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $462,551.60 | 448,000 | BV0YZ47 |
| 0.29% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $461,390.96 | 441,000 | BPLL6H5 |
| 0.29% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $459,182.84 | 426,000 | BMZMHS1 |
| 0.29% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $456,073.00 | 436,000 | BRC2671 |
| 0.29% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $456,065.91 | 433,000 | BP092P0 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $452,487.18 | 467,000 | BT7JWZ1 |
| 0.28% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $450,691.32 | 435,000 | BP092B6 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $444,623.42 | 449,000 | BQ9D885 |
| 0.28% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $443,809.15 | 432,000 | BP4YGK4 |
| 0.28% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $442,734.02 | 436,000 | BN95KZ1 |
| 0.28% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $442,588.97 | 413,000 | BV1C948 |
| 0.28% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $441,176.97 | 443,000 | BMHBB51 |
| 0.28% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $440,640.00 | 459,000 | BMT7QC9 |
| 0.28% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $439,809.64 | 419,000 | BNRPLW7 |
| 0.27% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $438,581.95 | 427,000 | BV3PLR2 |
| 0.27% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $433,120.28 | 452,000 | BP4Z8H8 |
| 0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $432,147.68 | 433,000 | BM9PWX6 |
| 0.27% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $431,450.52 | 412,000 | BNRPV83 |
| 0.27% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $430,824.21 | 427,000 | BL54J73 |
| 0.27% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $429,172.38 | 420,000 | BSVLRC8 |
| 0.27% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $426,510.45 | 425,000 | BRS7WN8 |
| 0.27% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $424,679.64 | 418,000 | BMW2F91 |
| 0.27% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $422,888.00 | 409,000 | BVDKGL6 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $421,755.79 | 407,000 | BM8SW92 |
| 0.26% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $421,601.09 | 408,000 | BQB88K0 |
| 0.26% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $411,641.28 | 391,000 | BMCGQM3 |
| 0.26% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $410,973.60 | 400,000 | BVBCQP8 |
| 0.26% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $410,885.24 | 422,000 | BP83D39 |
| 0.26% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $408,786.53 | 393,000 | BMW2FL3 |
| 0.26% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $406,986.88 | 391,000 | BVMSGF5 |
| 0.25% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $400,636.53 | 378,000 | BPBRSM2 |
| 0.25% | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $397,940.64 | 391,000 | BN49RB3 |
| 0.25% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $395,484.60 | 382,000 | BRBDSH9 |
| 0.25% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $394,404.83 | 391,000 | BTFHSL5 |
| 0.25% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $393,701.00 | 417,000 | BN6KWY2 |
| 0.24% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $390,832.80 | 382,000 | BRBVMG0 |
| 0.24% | -- | SM ENERGY CO | 8.38% | 07/01/2028 | -- | $388,316.63 | 376,000 | BRT7527 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $387,140.69 | 404,000 | BRT7X56 |
| 0.24% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $387,114.76 | 371,000 | BMC94W8 |
| 0.24% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $386,278.28 | 391,000 | BN0ZRZ9 |
| 0.24% | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $381,168.04 | 367,000 | BQT2NL0 |
| 0.24% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $379,871.99 | 382,000 | BVRTP89 |
| 0.24% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $379,660.23 | 431,000 | BRPT5J4 |
| 0.24% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $375,875.00 | 485,000 | BMH8323 |
| 0.23% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $369,493.32 | 392,000 | BMY8TS4 |
| 0.23% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $369,264.00 | 392,000 | BMXHJH1 |
| 0.23% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $367,327.85 | 393,591 | BMDB423 |
| 0.23% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $365,342.33 | 367,000 | BSZ7DB3 |
| 0.23% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $363,488.97 | 491,000 | BM93J39 |
| 0.23% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $363,006.88 | 357,000 | BVMDN60 |
| 0.23% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $362,331.69 | 367,000 | BNM5Z19 |
| 0.23% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $359,793.17 | 349,000 | BMCMQL0 |
| 0.22% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $358,299.75 | 345,000 | BVZMLG0 |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $354,177.34 | 343,000 | BP091F3 |
| 0.22% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $353,309.50 | 347,000 | BMXHQ92 |
| 0.22% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $352,701.07 | 343,000 | BRK14M1 |
| 0.22% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $349,327.18 | 581,000 | BMY0HH5 |
| 0.22% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $347,224.36 | 338,000 | BR4XVS8 |
| 0.21% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $338,163.66 | 324,000 | BPK4CP5 |
| 0.21% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $334,754.16 | 312,000 | BMJ0LG7 |
| 0.20% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $324,339.23 | 324,000 | BR113M3 |
| 0.20% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $323,582.16 | 325,000 | BSNMMD5 |
| 0.20% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $318,923.08 | 400,000 | BNQPRV9 |
| 0.20% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $314,991.62 | 313,000 | BQ68CL4 |
| 0.19% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $310,229.82 | 309,000 | BQT3JM6 |
| 0.19% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $303,014.40 | 300,000 | BTPH0K8 |
| 0.19% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $300,901.68 | 290,000 | BVF9246 |
| 0.19% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $298,466.23 | 283,000 | BR2NN28 |
| 0.19% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $298,124.30 | 300,000 | BVSYM93 |
| 0.18% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $291,514.28 | 293,000 | BSKP420 |
| 0.18% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $287,359.61 | 287,000 | BMD14K1 |
| 0.18% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $285,829.81 | 284,000 | BPP2DX9 |
| 0.16% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $258,739.07 | 255,000 | BQ2KRD1 |
| 0.16% | -- | AECOM | 6.00% | 08/01/2033 | -- | $253,333.57 | 247,000 | BV2CGD5 |
| 0.15% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $235,620.17 | 235,000 | BN765Z1 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $222,488.32 | 233,000 | BMD9BZ9 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $208,189.68 | 202,000 | BSD6D23 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $190,987.95 | 183,000 | BPK4TG5 |
| 0.12% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $189,259.59 | 301,000 | BP9LWV3 |
| 0.12% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $187,265.37 | 188,000 | BQ3QRD8 |
| 0.12% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $185,339.66 | 181,000 | BS88ZW8 |
| 0.11% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $174,460.72 | 166,000 | BSNZ6B0 |
| 0.10% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $162,911.84 | 177,000 | BM9SD09 |
| 0.10% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $152,974.94 | 572,000 | BPGM651 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $141,285.60 | 135,000 | BNKBFF3 |
| 0.07% | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $104,435.30 | 100,000 | BSML716 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,504.91 | 13,000 | BPH25H5 |
| -12.36% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2026 TYH6 COMDTY | -- | -- | -19,731,250 | -- | -176 | -- |
| -35.95% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2026 TUH6 COMDTY | -- | -- | -57,361,133 | -- | -275 | -- |
| -46.76% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2026 FVH6 COMDTY | -- | -- | -74,620,125 | -- | -684 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,527,700.07 | 7,527,700 | -- |
Index
as of 12/31/2025
- Total Number of Issues262
- Long Portfolio Duration3.22
- Net Effective Duration-0.05
- Long Portfolio Yield7.20
- Net Index Yield7.16
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
2026
- 2026
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
| 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