HYHG invests in a portfolio of high-yield corporate bonds, while seeking to hedge against the potential negative impact of rising interest rates.
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Documents & Downloads
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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 9/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.90% | 2.08% | 5.24% | 4.48% | 7.58% | 11.06% | 7.79% | 5.99% | 4.09% | 05/21/2013 |
| HYHG Market Price | 1.01% | 2.31% | 5.37% | 4.15% | 7.69% | 11.19% | 7.92% | 6.03% | 4.12% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.01% | 2.32% | 5.63% | 4.98% | 8.07% | 11.54% | 8.25% | 6.65% | 4.80% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.90% | 2.08% | 5.24% | 4.48% | 7.58% | 11.06% | 7.79% | 5.99% | 4.09% | 05/21/2013 |
| HYHG Market Price | 1.01% | 2.31% | 5.37% | 4.15% | 7.69% | 11.19% | 7.92% | 6.03% | 4.12% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.01% | 2.32% | 5.63% | 4.98% | 8.07% | 11.54% | 8.25% | 6.65% | 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
- Distributions Monthly
Characteristics
as of 10/31/2025- Number of Companies 231
- Net Effective Duration 0.08024
Price
as of 11/10/2025- NAV $64.30
- NAV Change $+0.28
- Market Price $64.13
- Market Price Change $+0.23
- Trading Volume (M) 20,679
- View Premium / Discount
Distributions
as of 10/31/2025- 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 10/31/2025- Number of Companies 231
- Net Effective Duration 0.08024
Price
as of 11/10/2025- NAV $64.30
- NAV Change $+0.28
- Market Price $64.13
- Market Price Change $+0.23
- Trading Volume (M) 20,679
- View Premium / Discount
Distributions
as of 10/31/2025- Distribution Frequency Monthly
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 11/10/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.46% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,468,966.31 | 2,385,000 | BPH26F0 |
| 1.28% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,156,480.17 | 2,167,000 | BMWDGR9 |
| 1.25% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,113,458.43 | 2,109,000 | BN2QTP4 |
| 1.19% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,008,908.00 | 1,824,000 | BR54DP1 |
| 1.15% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,946,813.18 | 1,906,000 | BV4K8M0 |
| 1.07% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,801,627.52 | 1,760,000 | BT7MYF4 |
| 0.98% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,650,610.04 | 2,066,000 | BTPF2W8 |
| 0.97% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,644,113.38 | 1,602,000 | BNM6H94 |
| 0.92% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,546,286.67 | 1,445,000 | BP2F579 |
| 0.89% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,506,300.62 | 1,458,000 | BQ67HZ0 |
| 0.88% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,493,219.90 | 1,434,000 | BS9G792 |
| 0.87% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,468,512.73 | 1,385,000 | BP6GPK1 |
| 0.86% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,453,708.25 | 1,440,000 | BM8H783 |
| 0.85% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,438,553.40 | 1,380,000 | BNBTNV8 |
| 0.84% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,412,444.08 | 1,382,000 | BRK4301 |
| 0.78% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,323,836.70 | 1,290,000 | BPLP3M1 |
| 0.78% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,323,726.27 | 1,283,000 | BS2FMQ8 |
| 0.76% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,282,492.06 | 1,220,000 | BQB9NW0 |
| 0.74% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,254,354.97 | 1,210,000 | BNZG7Q8 |
| 0.73% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,230,543.63 | 1,250,000 | BRXZ215 |
| 0.71% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,206,756.31 | 1,134,000 | BL6CM66 |
| 0.71% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,202,233.37 | 1,179,000 | BSHT8Y5 |
| 0.71% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,199,662.45 | 1,347,000 | BMBVFS8 |
| 0.71% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,199,406.25 | 1,223,000 | BMVXSB8 |
| 0.71% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,197,991.08 | 1,170,000 | BRJQLF9 |
| 0.70% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,189,116.94 | 1,134,000 | BTCCGD1 |
| 0.69% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,165,280.80 | 1,180,000 | BQKN5B6 |
| 0.69% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,157,319.01 | 1,096,000 | BV5GRT7 |
| 0.68% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,146,277.81 | 1,138,000 | BM8K6S5 |
| 0.67% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,133,678.67 | 1,133,000 | BPVDS42 |
| 0.67% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,132,217.90 | 1,100,000 | BRSF6F2 |
| 0.67% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,131,018.07 | 1,087,000 | BVDKGM7 |
| 0.66% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,111,411.65 | 1,145,000 | BMBJVY0 |
| 0.65% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,098,361.10 | 1,030,000 | BQ80PR5 |
| 0.64% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,087,935.09 | 1,073,000 | BV6KVR4 |
| 0.62% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,049,756.59 | 1,032,000 | BV99DS3 |
| 0.62% | -- | JANE STREET GROUP / JSG FINANCE INC CALLABLE BOND FIXED 6.75% 01/MAY/2033 USD 1000 | -- | -- | -- | $1,041,179.25 | 1,000,000 | -- |
| 0.61% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $1,034,623.53 | 976,000 | BRQPKY1 |
| 0.61% | -- | WULF COMPUTE LLC CALLABLE NOTES FIXED 7.75% 15/OCT/2030 USD 1000 | -- | -- | -- | $1,032,503.29 | 1,000,000 | -- |
| 0.61% | -- | TALEN ENERGY SUPPLY LLC CALLABLE NOTES FIXED 6.5% 01/FEB/2036 USD 1000 | -- | -- | -- | $1,031,467.96 | 1,000,000 | -- |
| 0.61% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,029,893.08 | 1,006,000 | BS2FZM5 |
| 0.61% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $1,025,918.38 | 989,000 | BT7HYL5 |
| 0.60% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,016,384.74 | 1,044,000 | BNW2059 |
| 0.60% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,011,683.36 | 1,041,000 | BN7SNC0 |
| 0.60% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,007,669.80 | 1,018,000 | BVF9138 |
| 0.59% | -- | NRG ENERGY INC CALLABLE NOTES FIXED 5.75% 15/JAN/2034 USD 1000 | -- | -- | -- | $1,002,550.45 | 1,000,000 | -- |
| 0.59% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $991,695.51 | 999,000 | BSMMD99 |
| 0.59% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $990,031.14 | 945,000 | BQ2KRF3 |
| 0.59% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $988,159.01 | 976,000 | BNTZ4D7 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $973,467.10 | 937,000 | BQMJ1N6 |
| 0.56% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $948,534.27 | 1,039,000 | BRJHSK6 |
| 0.55% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $925,537.16 | 897,000 | BRT75V6 |
| 0.55% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $924,509.83 | 892,000 | BS6S7M4 |
| 0.53% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $900,822.78 | 886,000 | BQT2NG5 |
| 0.53% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $890,419.24 | 852,000 | BPG22V9 |
| 0.51% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $858,716.23 | 842,000 | BTTRMX1 |
| 0.50% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $845,912.42 | 821,000 | BVDKGL6 |
| 0.50% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $844,679.10 | 868,000 | BQ9D885 |
| 0.50% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $842,880.34 | 815,000 | BMZBL86 |
| 0.49% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $835,147.43 | 801,000 | BVK4MV3 |
| 0.49% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $832,830.03 | 847,000 | BNHS096 |
| 0.49% | -- | ALTICE FRANCE SA CALLABLE NOTES FIXED 6.5% 15/MAR/2032 USD 1 | -- | -- | -- | $831,242.53 | 859,000 | -- |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $823,879.26 | 799,000 | BNDQTF3 |
| 0.48% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $813,948.16 | 826,000 | BJNPGH3 |
| 0.48% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $811,411.88 | 827,000 | BRXCZB7 |
| 0.48% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $805,366.61 | 889,000 | BNNPV76 |
| 0.48% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $804,136.90 | 782,000 | BM8K1F7 |
| 0.46% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $782,244.84 | 761,000 | BR4XVS8 |
| 0.45% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $767,427.69 | 1,002,000 | BRBCV11 |
| 0.45% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $759,437.37 | 900,000 | BMVZMH8 |
| 0.45% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $756,022.50 | 750,000 | BT9NKJ1 |
| 0.44% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $746,735.77 | 737,000 | BPW9BQ2 |
| 0.44% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $745,889.14 | 748,000 | BQ1PCD2 |
| 0.44% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $745,641.99 | 777,000 | BMV1LQ8 |
| 0.43% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $734,091.44 | 750,000 | BRT7X56 |
| 0.43% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $730,283.00 | 769,000 | BNDLGZ7 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $729,086.97 | 701,000 | BPG27W5 |
| 0.43% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $727,245.69 | 724,000 | BNRNCC8 |
| 0.43% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $725,987.97 | 695,000 | BRBCTZ1 |
| 0.43% | -- | ADT SECURITY CORP/THE CALLABLE BOND FIXED 5.875% 15/OCT/2033 USD 1000 | -- | -- | -- | $723,214.24 | 717,000 | -- |
| 0.42% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $716,017.73 | 675,000 | BNQQSS6 |
| 0.42% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $712,379.45 | 685,000 | BSNQ215 |
| 0.42% | -- | WEATHERFORD INTERNATIONAL LTD CALLABLE NOTES FIXED 6.75% 15/OCT/2033 USD 1000 | -- | -- | -- | $706,847.33 | 694,000 | -- |
| 0.42% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $702,783.27 | 682,000 | BMF9C65 |
| 0.42% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $702,364.03 | 684,000 | BTXQV60 |
| 0.42% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $700,773.53 | 675,000 | BMVXP62 |
| 0.41% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $697,703.16 | 686,000 | BVMDN60 |
| 0.41% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $683,902.69 | 677,000 | BP812N6 |
| 0.40% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $682,261.25 | 649,000 | BTCK903 |
| 0.40% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $680,811.11 | 702,000 | BQTWXH6 |
| 0.40% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $677,042.15 | 692,000 | BS89C64 |
| 0.40% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $674,083.56 | 646,000 | BLC8Z03 |
| 0.40% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $673,131.32 | 657,000 | BQXJKM7 |
| 0.40% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $668,241.23 | 641,000 | BS9C5X0 |
| 0.39% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $665,667.58 | 618,000 | BS88506 |
| 0.39% | -- | OLYMPUS WATER US HOLDING CORP CALLABLE NOTES FIXED 7.25% 15/FEB/2033 USD 1000 | -- | -- | -- | $663,172.72 | 675,000 | -- |
| 0.39% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $661,653.99 | 679,000 | BNHT925 |
| 0.39% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $659,369.82 | 628,000 | BLDCTF7 |
| 0.39% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $651,870.66 | 671,000 | BQ3QRD8 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $650,511.13 | 618,000 | BV1C948 |
| 0.38% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $643,185.39 | 711,000 | BM94BT2 |
| 0.37% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $631,915.12 | 653,000 | BLC9L19 |
| 0.37% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $630,759.02 | 665,000 | BPVBYZ9 |
| 0.37% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $626,138.77 | 610,000 | BQB88K0 |
| 0.37% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $624,477.83 | 627,000 | BS6V604 |
| 0.37% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $621,521.65 | 767,000 | BMV1L02 |
| 0.37% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $621,223.59 | 701,000 | BN6JYJ8 |
| 0.36% | -- | VIKING CRUISES LTD CALLABLE NOTES FIXED 5.875% 15/OCT/2033 USD 1000 | -- | -- | -- | $611,877.64 | 605,000 | -- |
| 0.36% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $610,075.49 | 609,000 | BPP2DX9 |
| 0.35% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $597,200.60 | 581,000 | BPX27Q2 |
| 0.35% | -- | NRG 6 01/15/36 | -- | -- | -- | $597,024.65 | 591,000 | -- |
| 0.35% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $595,090.93 | 569,000 | BMCGQM3 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $583,813.98 | 556,000 | BNRPV83 |
| 0.34% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $580,445.57 | 576,000 | BS84LN9 |
| 0.34% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $580,173.71 | 630,000 | BP7LR98 |
| 0.34% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2027 | -- | $579,796.28 | 598,000 | BNHV2Z5 |
| 0.34% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $577,370.13 | 527,000 | BR1YST4 |
| 0.34% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $575,351.32 | 546,000 | BT3NFD6 |
| 0.34% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $572,880.67 | 546,000 | BMGC188 |
| 0.34% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $566,161.20 | 550,000 | BVK4BV6 |
| 0.33% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $564,806.00 | 550,000 | BP946X2 |
| 0.33% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $560,211.98 | 536,000 | BRC2671 |
| 0.33% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $559,578.97 | 556,000 | BQB7JV5 |
| 0.33% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $555,405.00 | 539,000 | BLB3TG3 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $551,100.56 | 529,000 | BR2NN28 |
| 0.32% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $544,908.59 | 592,000 | BPLFC68 |
| 0.32% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $544,885.91 | 505,000 | BRCDDH3 |
| 0.32% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $544,191.72 | 519,000 | BNRPLW7 |
| 0.32% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $543,375.00 | 525,000 | BTJS1V5 |
| 0.32% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $540,237.80 | 563,000 | BS3BCF4 |
| 0.32% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $534,598.68 | 564,000 | BS6RJF8 |
| 0.31% | -- | NISSAN MOTOR ACCEPTANCE CO LLC CALLABLE MEDIUM TERM NOTE FIXED 6.125% 30/SEP/2030 USD 1000 | -- | -- | -- | $531,302.94 | 536,000 | -- |
| 0.31% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $528,685.07 | 520,000 | BMC94W8 |
| 0.31% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $526,201.54 | 529,000 | BMW2W01 |
| 0.31% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $523,496.50 | 500,000 | BMVXP51 |
| 0.31% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $523,028.50 | 500,000 | BNKBFF3 |
| 0.31% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $522,652.97 | 506,000 | BM8SW92 |
| 0.31% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $520,759.64 | 513,000 | BQ68CL4 |
| 0.31% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $520,151.93 | 532,000 | BM9PWX6 |
| 0.31% | -- | CELANESE US HOLDINGS LLC | 6.67% | 07/15/2027 | -- | $519,811.27 | 506,000 | BP9RBF8 |
| 0.31% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $518,886.68 | 473,000 | BR1H4Z1 |
| 0.31% | -- | AMERICAN AXLE & MANUFACTURING INC CALLABLE NOTES FIXED 7.75% 15/OCT/2033 USD 1000 | -- | -- | -- | $516,674.00 | 511,000 | -- |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $515,574.00 | 500,000 | BMGDND0 |
| 0.30% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $514,851.50 | 500,000 | BPSQQR3 |
| 0.30% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $511,527.86 | 503,000 | BRRG7V9 |
| 0.30% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $509,730.00 | 500,000 | BVZMLG0 |
| 0.30% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $508,525.50 | 500,000 | BVK50T0 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $504,270.98 | 489,000 | BT3CPW2 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $502,457.18 | 495,000 | BN6MM59 |
| 0.30% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $501,314.54 | 527,000 | BT7JWZ1 |
| 0.30% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $499,893.20 | 481,000 | BPK4CP5 |
| 0.30% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $499,394.79 | 542,000 | BLDBLN6 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $498,435.47 | 485,000 | BP092B6 |
| 0.29% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $496,882.50 | 500,000 | BMW2F91 |
| 0.29% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $495,295.38 | 496,000 | BQT3JM6 |
| 0.29% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $493,186.00 | 521,000 | BN6KWY2 |
| 0.29% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $492,474.60 | 501,000 | BN0ZRZ9 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $491,773.50 | 450,000 | BR1YSV6 |
| 0.29% | -- | ION PLATFORM FINANCE US INC CALLABLE NOTES FIXED 7.875% 30/SEP/2032 USD 1000 | -- | -- | -- | $483,751.10 | 500,000 | -- |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $483,537.04 | 464,000 | BQKRVC1 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $481,509.96 | 467,000 | BMCGQ56 |
| 0.28% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $480,152.89 | 466,000 | BTTRLD4 |
| 0.28% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $477,460.98 | 459,000 | BMW2FL3 |
| 0.28% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $477,071.51 | 483,000 | BM8H4Y8 |
| 0.28% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $476,655.63 | 490,000 | BVRTP89 |
| 0.28% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $471,630.69 | 492,000 | BMY8TS4 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $471,121.03 | 495,000 | BMH29D8 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $467,962.65 | 450,000 | BP5JP78 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,278.65 | 450,000 | BR53N25 |
| 0.28% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $465,939.57 | 455,000 | BQ2KRD1 |
| 0.28% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $465,561.26 | 465,000 | BMD14K1 |
| 0.27% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $459,403.93 | 471,000 | BNM5Z19 |
| 0.27% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $456,644.74 | 426,000 | BMZMHS1 |
| 0.27% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $454,817.14 | 501,591 | BMDB423 |
| 0.27% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $453,620.00 | 613,000 | BMWT6D3 |
| 0.27% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $451,184.45 | 441,000 | BPLL6H5 |
| 0.27% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $448,641.44 | 442,000 | BRK14M1 |
| 0.26% | -- | WINDSTREAM SERVICES LLC CALLABLE NOTES FIXED 7.5% 15/OCT/2033 USD 1000 | -- | -- | -- | $446,070.18 | 441,000 | -- |
| 0.26% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $439,973.27 | 436,000 | BN95KZ1 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $438,192.08 | 443,000 | BMHBB51 |
| 0.26% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $438,106.96 | 459,000 | BMT7QC9 |
| 0.26% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $435,179.01 | 473,000 | BKPJT48 |
| 0.26% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $433,465.86 | 442,000 | BMXHJH1 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $433,068.43 | 452,000 | BP4Z8H8 |
| 0.26% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $431,888.33 | 451,000 | BSKP420 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $431,704.69 | 427,000 | BL54J73 |
| 0.25% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $425,279.53 | 420,000 | BSVLRC8 |
| 0.25% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $422,885.78 | 422,000 | BMF4PS3 |
| 0.25% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $421,871.11 | 412,000 | BP4YGK4 |
| 0.25% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $420,396.77 | 399,000 | BMJ0LG7 |
| 0.24% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $410,959.84 | 388,000 | BSNZ6B0 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $406,613.38 | 416,000 | BNKFMN2 |
| 0.24% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $402,008.29 | 383,000 | BPBRSM2 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $399,120.47 | 383,000 | BP092P0 |
| 0.23% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $394,557.00 | 422,000 | BP83D39 |
| 0.23% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $393,866.79 | 424,000 | BNKLFF3 |
| 0.23% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $393,433.71 | 382,000 | BRBDSH9 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $393,340.05 | 382,000 | BRBVMG0 |
| 0.23% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $388,618.94 | 376,000 | BRT7527 |
| 0.23% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $382,160.22 | 394,000 | BMBV4H0 |
| 0.22% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $378,532.80 | 485,000 | BMH8323 |
| 0.22% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $372,693.85 | 431,000 | BRPT5J4 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $366,876.13 | 349,000 | BS7XRZ1 |
| 0.21% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $357,395.38 | 385,000 | BMX50K5 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $352,828.56 | 347,000 | BMXHQ92 |
| 0.21% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $350,981.16 | 354,000 | BM9YJB0 |
| 0.21% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $349,416.63 | 343,000 | BP091F3 |
| 0.21% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $346,291.30 | 491,000 | BM93J39 |
| 0.20% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $345,728.49 | 581,000 | BMY0HH5 |
| 0.19% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $320,437.30 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $314,186.51 | 301,000 | BMJ0L90 |
| 0.18% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $304,760.61 | 297,000 | BRZWYJ6 |
| 0.18% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $302,998.73 | 300,000 | BTPH0K8 |
| 0.18% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $299,122.08 | 300,000 | BVSYM93 |
| 0.18% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $296,417.60 | 500,000 | BNQPRV9 |
| 0.17% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $292,808.17 | 296,000 | BNTBJ41 |
| 0.17% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $283,437.91 | 401,000 | BP9LWV3 |
| 0.16% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $265,409.50 | 258,000 | BV0YZ47 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $258,083.00 | 285,000 | BM9SD09 |
| 0.15% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $253,947.78 | 239,000 | BMCMQL0 |
| 0.14% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $237,022.19 | 228,000 | BVF9246 |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $235,001.41 | 235,000 | BN765Z1 |
| 0.13% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $219,508.44 | 233,000 | BMD9BZ9 |
| 0.12% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $194,211.26 | 192,000 | BVYL9V9 |
| 0.11% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $191,903.13 | 183,000 | BPK4TG5 |
| 0.11% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $190,827.50 | 184,000 | BPH25H5 |
| 0.07% | -- | HERC HOLDINGS INC | 7.00% | 06/15/2030 | -- | $115,232.15 | 110,000 | BV5GRS6 |
| 0.04% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $64,936.13 | 64,000 | BPLPFQ9 |
| 0.03% | -- | LEVEL 3 FINANCING INC | 7.00% | 03/31/2034 | -- | $51,211.60 | 50,000 | BV6KVQ3 |
| 0.02% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $39,926.25 | 169,000 | BQWNRK7 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -13.68% | -- | US 10YR NOTE (CBT) BOND 19/DEC/2025 TYZ5 COMDTY | -- | -- | -23,100,938 | -- | -205 | -- |
| -37.02% | -- | US 2YR NOTE (CBT) BOND 31/DEC/2025 TUZ5 COMDTY | -- | -- | -62,486,719 | -- | -300 | -- |
| -44.71% | -- | US 5YR NOTE (CBT) BOND 31/DEC/2025 FVZ5 COMDTY | -- | -- | -75,480,953 | -- | -691 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,570,226.32 | 7,570,226 | -- |
Index
as of 9/30/2025
- Total Number of Issues246
- Long Portfolio Duration3.25
- Net Effective Duration0.06
- Long Portfolio Yield7.28
- Net Index Yield7.56
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