HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 253 Nontraditional Bond funds based on risk-adjusted returns as of 07/31/25.
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 7/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.83% | 4.63% | 1.42% | 2.64% | 8.04% | 10.03% | 7.40% | 5.11% | 4.05% | 05/21/2013 |
| HYHG NAV | 0.78% | 4.55% | 1.76% | 3.15% | 8.22% | 10.13% | 7.43% | 5.07% | 4.04% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.87% | 4.74% | 2.10% | 3.50% | 8.79% | 10.47% | 7.90% | 5.74% | 4.75% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.99% | 3.00% | 1.80% | 1.80% | 8.21% | 11.49% | 8.30% | 4.82% | 4.01% | 05/21/2013 |
| HYHG NAV | 1.28% | 3.10% | 2.36% | 2.36% | 8.33% | 11.77% | 8.31% | 4.87% | 4.00% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.23% | 2.60% | 2.60% | 8.54% | 12.28% | 8.83% | 5.50% | 4.71% | -- |
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 7/31/2025- Number of Companies 225
- Net Effective Duration -0.06
Price
as of 8/22/2025- NAV $64.63
- NAV Change $+0.08
- Market Price $64.81
- Market Price Change $+0.20
- Trading Volume (M) 9,378
- View Premium / Discount
Distributions
as of 5/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.11%
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.
- 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 7/31/2025- Number of Companies 225
- Net Effective Duration -0.06
Price
as of 8/22/2025- NAV $64.63
- NAV Change $+0.08
- Market Price $64.81
- Market Price Change $+0.20
- Trading Volume (M) 9,378
- View Premium / Discount
Distributions
as of 5/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.11%
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.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 8/21/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.91% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $3,147,881.42 | 3,038,000 | BQB9NW0 |
| 1.30% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,138,052.13 | 2,167,000 | BMWDGR9 |
| 1.29% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,127,019.30 | 2,109,000 | BN2QTP4 |
| 1.19% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $1,965,385.68 | 2,172,000 | BMFNDV9 |
| 1.17% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,932,918.95 | 1,938,000 | BNNTB78 |
| 1.15% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,886,475.04 | 1,871,000 | BSMMD99 |
| 0.99% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,632,606.21 | 1,602,000 | BNM6H94 |
| 0.96% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,572,710.04 | 1,485,000 | BP6GPK1 |
| 0.92% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,520,195.36 | 1,458,000 | BQ67HZ0 |
| 0.88% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,440,938.88 | 1,440,000 | BM8H783 |
| 0.87% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,438,921.77 | 1,382,000 | BRK4301 |
| 0.87% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,436,925.00 | 1,380,000 | BNBTNV8 |
| 0.82% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,354,534.91 | 1,321,000 | BPH26F0 |
| 0.82% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $1,343,064.78 | 1,480,000 | BMFBJQ0 |
| 0.80% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,324,439.62 | 1,283,000 | BS2FMQ8 |
| 0.80% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,322,284.58 | 1,280,000 | BS9G792 |
| 0.80% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,317,044.85 | 1,290,000 | BPLP3M1 |
| 0.78% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $1,279,162.10 | 1,249,000 | BQMJ1N6 |
| 0.76% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,243,156.42 | 1,210,000 | BNZG7Q8 |
| 0.74% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,212,169.68 | 1,185,000 | BR4XVS8 |
| 0.73% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,209,611.52 | 1,170,000 | BRJQLF9 |
| 0.72% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,189,714.50 | 1,250,000 | BRXZ215 |
| 0.72% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,184,900.74 | 1,223,000 | BMVXSB8 |
| 0.72% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,182,805.09 | 1,134,000 | BTCCGD1 |
| 0.72% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $1,181,647.51 | 1,190,000 | BS6V604 |
| 0.72% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $1,181,138.17 | 1,306,000 | BKPJT48 |
| 0.71% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $1,176,370.56 | 1,152,000 | BV0YZ47 |
| 0.71% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,174,336.00 | 1,180,000 | BQKN5B6 |
| 0.71% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,170,915.15 | 1,295,000 | BMBVFS8 |
| 0.69% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,142,957.02 | 1,096,000 | BV5GRT7 |
| 0.69% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,137,122.80 | 1,100,000 | BRSF6F2 |
| 0.69% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,133,091.77 | 1,133,000 | BPVDS42 |
| 0.68% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,125,907.27 | 1,030,000 | BQ80PR5 |
| 0.68% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,119,956.50 | 1,087,000 | BVDKGM7 |
| 0.67% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,100,150.46 | 1,145,000 | BMBJVY0 |
| 0.65% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $1,072,722.00 | 1,486,000 | BM93J39 |
| 0.63% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,037,767.47 | 1,006,000 | BS2FZM5 |
| 0.62% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,018,628.91 | 1,041,000 | BN7SNC0 |
| 0.62% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $1,013,277.41 | 992,000 | BRZWYJ6 |
| 0.61% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $1,010,896.88 | 976,000 | BRQPKY1 |
| 0.61% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,010,718.24 | 1,026,000 | BN765Z1 |
| 0.61% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,003,977.01 | 1,044,000 | BNW2059 |
| 0.60% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $994,633.17 | 971,000 | BMF9C65 |
| 0.60% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $993,014.78 | 1,060,000 | BS89C64 |
| 0.60% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $985,553.61 | 1,073,000 | BMX50K5 |
| 0.60% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $981,290.19 | 945,000 | BQ2KRF3 |
| 0.59% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $975,048.53 | 946,000 | BPH25H5 |
| 0.59% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $969,851.40 | 1,036,000 | BLFGYK7 |
| 0.58% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $947,343.36 | 921,000 | BT7HYL5 |
| 0.57% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $933,089.29 | 1,004,000 | BMT6QQ0 |
| 0.56% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $922,446.31 | 1,002,000 | BRBCV11 |
| 0.56% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $920,058.59 | 989,000 | BNNPV76 |
| 0.56% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $916,676.84 | 937,000 | BRXCZB7 |
| 0.55% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $908,630.98 | 960,000 | BMDHSY1 |
| 0.55% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $903,253.64 | 853,000 | BL6CM66 |
| 0.54% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $891,337.69 | 852,000 | BPG22V9 |
| 0.54% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $891,035.83 | 865,000 | BS84LN9 |
| 0.54% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $881,072.00 | 1,039,000 | BRJHSK6 |
| 0.52% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $850,813.63 | 894,000 | BMV1LQ8 |
| 0.51% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $847,089.04 | 844,000 | BPLPFQ9 |
| 0.51% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $842,136.51 | 801,000 | BVK4MV3 |
| 0.51% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $842,015.65 | 826,000 | BNTZ4D7 |
| 0.51% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $841,881.26 | 803,000 | BRBH8M6 |
| 0.51% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $841,110.97 | 815,000 | BMZBL86 |
| 0.51% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $840,786.10 | 821,000 | BVDKGL6 |
| 0.51% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $840,520.70 | 838,000 | BP812N6 |
| 0.50% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $824,941.13 | 799,000 | BNDQTF3 |
| 0.50% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $821,641.96 | 835,000 | BVF9138 |
| 0.49% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $804,271.01 | 782,000 | BM8K1F7 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $802,505.26 | 826,000 | BJNPGH3 |
| 0.49% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $801,409.90 | 783,000 | BSHT8Y5 |
| 0.49% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $798,687.25 | 797,000 | BRT75V6 |
| 0.48% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $786,841.85 | 936,000 | BMV1L02 |
| 0.48% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $785,567.85 | 847,000 | BNHS096 |
| 0.46% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $759,860.22 | 714,000 | BQFHT88 |
| 0.46% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $759,034.04 | 750,000 | BT9NKJ1 |
| 0.46% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $757,076.56 | 738,000 | BNRPC80 |
| 0.46% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $755,025.00 | 750,000 | BT7MYF4 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $747,101.32 | 737,000 | BPW9BQ2 |
| 0.45% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $744,181.49 | 748,000 | BQ1PCD2 |
| 0.45% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $741,154.95 | 738,000 | BV4K8M0 |
| 0.45% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $738,159.04 | 709,000 | BLDCK76 |
| 0.44% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $731,979.56 | 695,000 | BRBCTZ1 |
| 0.44% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $728,483.48 | 750,000 | BRT7X56 |
| 0.44% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $722,288.25 | 769,000 | BNDLGZ7 |
| 0.43% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $712,415.60 | 711,000 | BMBN777 |
| 0.43% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $710,921.48 | 675,000 | BMVXP62 |
| 0.43% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $704,239.22 | 729,000 | BMFBJS2 |
| 0.43% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $702,650.40 | 685,000 | BSNQ215 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $702,232.36 | 701,000 | BPG27W5 |
| 0.42% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $688,563.65 | 684,000 | BTXQV60 |
| 0.42% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $684,098.55 | 666,000 | BS9C5X0 |
| 0.41% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $680,438.96 | 671,000 | BQ3QRD8 |
| 0.41% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $676,043.52 | 646,000 | BLC8Z03 |
| 0.40% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $665,975.79 | 628,000 | BLDCTF7 |
| 0.40% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $661,193.73 | 659,000 | BV99DS3 |
| 0.40% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $660,733.92 | 649,000 | BTCK903 |
| 0.40% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $653,742.29 | 679,000 | BNHT925 |
| 0.39% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $649,579.86 | 659,000 | BM8K6S5 |
| 0.39% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $644,679.15 | 750,000 | BMVZMH8 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $641,367.20 | 618,000 | BV1C948 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $632,158.78 | 653,000 | BLC9L19 |
| 0.38% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $627,958.72 | 573,000 | BR1H4Z1 |
| 0.38% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $626,701.64 | 711,000 | BM94BT2 |
| 0.38% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $622,775.29 | 665,000 | BPVBYZ9 |
| 0.38% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $621,765.07 | 610,000 | BQB88K0 |
| 0.38% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $621,751.20 | 634,000 | BQXJKM7 |
| 0.37% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $608,156.08 | 609,000 | BMXC0P1 |
| 0.37% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $607,814.16 | 609,000 | BPP2DX9 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $597,910.01 | 581,000 | BPX27Q2 |
| 0.36% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $595,372.01 | 569,000 | BMCGQM3 |
| 0.36% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $587,549.95 | 582,000 | BSVLRC8 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $587,031.67 | 630,000 | BP7LR98 |
| 0.35% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $581,722.05 | 546,000 | BMGC188 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $580,074.80 | 556,000 | BNRPV83 |
| 0.35% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $573,275.98 | 546,000 | BT3NFD6 |
| 0.34% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $557,833.96 | 536,000 | BRC2671 |
| 0.34% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $556,187.50 | 550,000 | BP946X2 |
| 0.34% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $552,063.74 | 592,000 | BPLFC68 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $549,124.45 | 529,000 | BR2NN28 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $545,778.25 | 505,000 | BRCDDH3 |
| 0.33% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $543,582.38 | 525,000 | BTJS1V5 |
| 0.33% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $539,181.76 | 542,000 | BMXHJH1 |
| 0.33% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $534,986.98 | 550,000 | BN0ZRZ9 |
| 0.32% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $531,715.38 | 563,000 | BS3BCF4 |
| 0.32% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $529,508.45 | 521,000 | BTTRMX1 |
| 0.32% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $529,100.00 | 520,000 | BMC94W8 |
| 0.32% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $525,491.86 | 500,000 | BVK4BV6 |
| 0.32% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $522,203.49 | 532,000 | BM9PWX6 |
| 0.32% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $521,589.00 | 500,000 | BMVXP51 |
| 0.32% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $520,524.00 | 500,000 | BNKBFF3 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $520,403.30 | 503,000 | BRRG7V9 |
| 0.31% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $517,765.76 | 500,000 | BSNZ6B0 |
| 0.31% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $515,610.66 | 513,000 | BQ68CL4 |
| 0.31% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $515,452.40 | 563,000 | BKVH9C4 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $514,238.50 | 500,000 | BMGDND0 |
| 0.31% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $511,120.50 | 500,000 | BPSQQR3 |
| 0.31% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $510,815.89 | 529,000 | BMW2W01 |
| 0.31% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $509,946.61 | 539,000 | BKPMPR2 |
| 0.31% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $508,781.59 | 527,000 | BT7JWZ1 |
| 0.31% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $507,066.11 | 489,000 | BT3CPW2 |
| 0.31% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $503,492.78 | 500,000 | BVK50T0 |
| 0.31% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $503,210.23 | 560,000 | BMG3813 |
| 0.30% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $499,069.50 | 750,000 | BTPF2W8 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $497,803.03 | 485,000 | BP092B6 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $496,817.55 | 450,000 | BR1YSV6 |
| 0.30% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $496,351.63 | 488,000 | BP4YGK4 |
| 0.30% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $494,158.24 | 481,000 | BPK4CP5 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $494,151.72 | 495,000 | BN6MM59 |
| 0.30% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $492,001.09 | 521,000 | BN6KWY2 |
| 0.30% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $488,656.31 | 461,000 | BNQQSS6 |
| 0.29% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $485,376.20 | 498,000 | BQ9D885 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $484,029.02 | 464,000 | BQKRVC1 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $483,119.44 | 467,000 | BMCGQ56 |
| 0.29% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $477,117.21 | 701,000 | BN6JYJ8 |
| 0.29% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $476,105.50 | 503,000 | BNHW2C5 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $472,796.96 | 483,000 | BM8H4Y8 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $470,743.22 | 495,000 | BMH29D8 |
| 0.29% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $470,706.39 | 613,000 | BMWT6D3 |
| 0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $469,891.49 | 492,000 | BMY8TS4 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,725.95 | 450,000 | BR53N25 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $464,577.62 | 441,000 | BPLL6H5 |
| 0.28% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $464,206.85 | 465,000 | BMD14K1 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $462,349.35 | 450,000 | BP5JP78 |
| 0.28% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $461,643.46 | 455,000 | BQ2KRD1 |
| 0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $460,625.21 | 471,000 | BNM5Z19 |
| 0.28% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $457,580.08 | 442,000 | BRK14M1 |
| 0.28% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $457,074.79 | 456,000 | BQB7JV5 |
| 0.28% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $455,052.35 | 426,000 | BMZMHS1 |
| 0.28% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $453,951.04 | 462,000 | BNBTL14 |
| 0.27% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $443,282.43 | 455,000 | BMFNGQ5 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $438,784.30 | 436,000 | BN95KZ1 |
| 0.27% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $437,320.00 | 464,000 | BS6RJF8 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $434,176.16 | 427,000 | BL54J73 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $432,747.73 | 452,000 | BP4Z8H8 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $432,094.00 | 443,000 | BMHBB51 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $428,203.34 | 419,000 | BM8SW92 |
| 0.26% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $428,172.49 | 399,000 | BMJ0LG7 |
| 0.26% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $421,848.13 | 416,000 | BTTRLD4 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $418,662.06 | 431,000 | BRPT5J4 |
| 0.25% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $408,153.84 | 422,000 | BP83D39 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $404,996.46 | 383,000 | BPBRSM2 |
| 0.24% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $402,859.33 | 425,000 | BMG1HP4 |
| 0.24% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $401,925.50 | 384,000 | BNRPLW7 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $398,826.68 | 383,000 | BP092P0 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $396,435.15 | 416,000 | BNKFMN2 |
| 0.24% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $394,537.50 | 1,169,000 | BQWNRK7 |
| 0.24% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $391,328.25 | 394,000 | BMBV4H0 |
| 0.24% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $391,172.58 | 382,000 | BRBVMG0 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $390,501.03 | 382,000 | BRBDSH9 |
| 0.24% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $387,102.93 | 424,000 | BNKLFF3 |
| 0.23% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $384,088.51 | 376,000 | BRT7527 |
| 0.23% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $379,154.41 | 653,000 | BPGM651 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $372,339.35 | 485,000 | BMH8323 |
| 0.22% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $369,971.50 | 500,000 | BNQPRV9 |
| 0.22% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $367,995.89 | 451,000 | BSKP420 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $361,573.42 | 349,000 | BS7XRZ1 |
| 0.22% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $361,125.80 | 354,000 | BM9YJB0 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $360,162.07 | 378,000 | BR4ZG56 |
| 0.22% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $356,402.58 | 389,000 | BMDB423 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $354,842.80 | 337,000 | BMCMQL0 |
| 0.21% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $351,757.94 | 384,000 | BNM51T9 |
| 0.21% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $341,593.24 | 359,000 | BMT7QC9 |
| 0.20% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $321,931.96 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $314,979.64 | 301,000 | BMJ0L90 |
| 0.19% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $314,048.27 | 481,000 | BMY0HH5 |
| 0.18% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $293,540.96 | 296,000 | BNTBJ41 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $253,731.40 | 285,000 | BM9SD09 |
| 0.15% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $251,231.60 | 247,000 | BMXHQ92 |
| 0.14% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $234,597.86 | 228,000 | BVF9246 |
| 0.13% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $210,719.03 | 209,000 | BP091F3 |
| 0.13% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $210,600.00 | 648,000 | BP0X973 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $136,479.75 | 148,000 | BN7S9F5 |
| 0.08% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $131,190.66 | 185,000 | BP9LWV3 |
| 0.08% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $124,358.90 | 133,000 | BMD9BZ9 |
| 0.07% | -- | HERC HOLDINGS INC CALLABLE NOTES FIXED 7% 15/JUN/2030 USD 1000 | -- | -- | -- | $114,180.22 | 110,000 | -- |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $88,933.56 | 97,000 | BLD7383 |
| 0.04% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $71,056.33 | 74,000 | BM9NG16 |
| 0.02% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $36,769.57 | 35,000 | BR1H7L8 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $11,032.81 | 12,000 | BLDBLN6 |
| -- | -- | CELANESE US HOLDINGS LLC | 6.67% | 07/15/2027 | -- | $2,049.51 | 2,000 | BP9RBF8 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -10.84% | -- | US 10YR NOTE (CBT) BOND 19/SEP/2025 TYU5 COMDTY | -- | -- | -17,847,500 | -- | -160 | -- |
| -38.20% | -- | US 2YR NOTE (CBT) BOND 30/SEP/2025 TUU5 COMDTY | -- | -- | -62,877,235 | -- | -303 | -- |
| -48.36% | -- | US 5YR NOTE (CBT) BOND 30/SEP/2025 FVU5 COMDTY | -- | -- | -79,604,946 | -- | -733 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,896,679.36 | 7,896,679 | -- |
Index
as of 3/31/2025
- Total Number of Issues246
- Long Portfolio Duration3.21
- Net Effective Duration-0.05
- Long Portfolio Yield7.40
- Net Index Yield8.05
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