HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 260 Nontraditional Bond funds based on risk-adjusted returns as of 03/31/25.
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 3/31/2025
| 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% | -- |
| 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 3/31/2025- Number of Companies 173
- Net Effective Duration -0.10%
Price
as of 4/24/2025- NAV $63.52
- NAV Change $-0.15
- Market Price $63.65
- Market Price Change $+0.21
- Trading Volume (M) 21,445
- View Premium / Discount
Distributions
as of 3/31/2025- SEC 30-Day Yield 7.34%
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 Frequency Monthly
- 12-Month Distribution Rate 6.86%
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 3/31/2025- Number of Companies 173
- Net Effective Duration -0.10%
Price
as of 4/24/2025- NAV $63.52
- NAV Change $-0.15
- Market Price $63.65
- Market Price Change $+0.21
- Trading Volume (M) 21,445
- View Premium / Discount
Distributions
as of 3/31/2025- SEC 30-Day Yield 7.34%
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 Frequency Monthly
- 12-Month Distribution Rate 6.86%
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 4/24/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.46% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,383,279.15 | 2,661,000 | BN2R7D1 |
| 1.40% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,285,150.70 | 2,173,000 | BQB9NW0 |
| 1.29% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,103,923.00 | 2,109,000 | BN2QTP4 |
| 1.26% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,063,303.85 | 2,167,000 | BMWDGR9 |
| 1.26% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $2,054,425.74 | 2,099,000 | BNNTB78 |
| 1.20% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,962,844.92 | 2,026,000 | BN765Z1 |
| 1.17% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $1,914,109.37 | 2,076,000 | BMYXXP4 |
| 1.16% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $1,902,327.70 | 2,086,000 | BMT7QC9 |
| 1.14% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,865,469.14 | 1,871,000 | BSMMD99 |
| 1.08% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,760,802.21 | 1,765,000 | BMHYR18 |
| 1.06% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,735,015.28 | 1,707,000 | BQ67HZ0 |
| 0.98% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,600,363.42 | 1,645,000 | BM8H783 |
| 0.97% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,584,070.15 | 1,662,000 | BNTY069 |
| 0.95% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,562,181.39 | 1,485,000 | BP6GPK1 |
| 0.93% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $1,525,468.43 | 1,537,000 | BM9QGV5 |
| 0.84% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,371,664.02 | 1,382,000 | BRK4301 |
| 0.81% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,330,301.72 | 1,420,000 | BMBJVY0 |
| 0.81% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,324,121.52 | 1,321,000 | BPH26F0 |
| 0.80% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,305,901.55 | 1,283,000 | BS2FMQ8 |
| 0.80% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,303,503.72 | 1,290,000 | BPLP3M1 |
| 0.78% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,283,847.67 | 1,384,000 | BMW7NB4 |
| 0.78% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,274,450.92 | 1,240,000 | BS2FZM5 |
| 0.76% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $1,250,591.00 | 1,243,000 | BQ2KRF3 |
| 0.75% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,227,161.43 | 1,210,000 | BS561W7 |
| 0.73% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,186,306.29 | 1,170,000 | BRJQLF9 |
| 0.72% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,172,674.65 | 1,223,000 | BMVXSB8 |
| 0.71% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,169,310.96 | 1,211,000 | BL57W73 |
| 0.71% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,156,469.08 | 1,134,000 | BTCCGD1 |
| 0.69% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,130,910.63 | 1,133,000 | BPVDS42 |
| 0.69% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,128,178.70 | 1,100,000 | BRSF6F2 |
| 0.69% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,123,190.89 | 1,173,000 | BN7SNC0 |
| 0.68% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $1,118,741.95 | 1,107,000 | BNDQTF3 |
| 0.68% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $1,113,411.78 | 1,108,000 | BNTZ4D7 |
| 0.67% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,091,425.37 | 1,085,000 | BPW9BQ2 |
| 0.66% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $1,080,336.58 | 1,149,000 | BRBCV11 |
| 0.66% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,079,079.64 | 1,030,000 | BQ80PR5 |
| 0.66% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,071,892.50 | 1,201,000 | BQKN5B6 |
| 0.63% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,025,919.13 | 1,040,000 | BP812N6 |
| 0.63% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $1,022,673.98 | 1,023,000 | BSNQ215 |
| 0.62% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,015,756.00 | 1,000,000 | BR4XVS8 |
| 0.61% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $1,000,617.00 | 1,000,000 | BPH25H5 |
| 0.61% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $991,645.75 | 993,000 | BMBN777 |
| 0.60% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $981,500.00 | 1,208,000 | BLB14D9 |
| 0.60% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $979,684.24 | 980,000 | BSVLRC8 |
| 0.59% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $968,236.44 | 971,000 | BMF9C65 |
| 0.59% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $968,106.89 | 952,000 | BNM6H94 |
| 0.59% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $959,195.89 | 1,098,000 | BM94BT2 |
| 0.58% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $942,197.35 | 1,036,000 | BLFGYK7 |
| 0.57% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $939,874.23 | 1,060,000 | BS89C64 |
| 0.57% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $931,129.98 | 1,053,000 | BN7RYH9 |
| 0.56% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $911,212.17 | 1,105,000 | BMV1L02 |
| 0.56% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $910,092.87 | 995,000 | BMDHSY1 |
| 0.56% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $909,741.77 | 1,004,000 | BMT6QQ0 |
| 0.55% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $902,649.87 | 976,000 | BRQPKY1 |
| 0.55% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $894,481.89 | 916,000 | BQXJKM7 |
| 0.54% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $889,656.32 | 862,000 | BT3NFD6 |
| 0.54% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $875,447.40 | 835,000 | BPG22V9 |
| 0.53% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $874,203.23 | 937,000 | BRXCZB7 |
| 0.53% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $869,067.94 | 865,000 | BS84LN9 |
| 0.52% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $855,697.53 | 989,000 | BNNPV76 |
| 0.52% | -- | ADT SEC CORP | 4.13% | 08/01/2029 | -- | $847,439.78 | 901,000 | BNZKRX7 |
| 0.51% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $839,011.34 | 803,000 | BRBH8M6 |
| 0.51% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $837,517.17 | 894,000 | BMV1LQ8 |
| 0.51% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $834,363.38 | 844,000 | BPLPFQ9 |
| 0.51% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $830,861.42 | 850,000 | BPP2DX9 |
| 0.50% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $824,900.23 | 770,000 | BRCDDH3 |
| 0.50% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $820,640.00 | 736,000 | BS2FMP7 |
| 0.49% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $803,875.02 | 789,000 | BMVXP62 |
| 0.49% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $801,613.58 | 1,169,000 | BQWNRK7 |
| 0.49% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $797,608.43 | 755,000 | BNQQSS6 |
| 0.48% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $788,706.32 | 810,000 | BNBTL14 |
| 0.48% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $788,586.33 | 826,000 | BJNPGH3 |
| 0.48% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $783,419.28 | 851,000 | BNHW2C5 |
| 0.48% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $780,213.75 | 797,000 | BRT75V6 |
| 0.47% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $770,740.92 | 782,000 | BM8K1F7 |
| 0.47% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $768,485.12 | 727,000 | BR54DP1 |
| 0.47% | -- | SAKS GLOBAL ENTERPRISES | 11.00% | 12/15/2029 | -- | $765,367.80 | 1,167,000 | BS495M5 |
| 0.45% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $736,596.18 | 738,000 | BNRPC80 |
| 0.45% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $730,651.95 | 750,000 | BT9NKJ1 |
| 0.45% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $729,751.13 | 834,000 | BKVH9C4 |
| 0.45% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $728,909.73 | 709,000 | BLDCK76 |
| 0.44% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $718,718.42 | 748,000 | BQ1PCD2 |
| 0.44% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $717,834.94 | 780,000 | BM8K6S5 |
| 0.43% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $708,313.28 | 721,000 | BMC7DR0 |
| 0.43% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $706,351.42 | 847,000 | BNHS096 |
| 0.43% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $701,341.07 | 769,000 | BNDLGZ7 |
| 0.42% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $693,444.77 | 729,000 | BMFBJS2 |
| 0.42% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $683,557.27 | 684,000 | BTXQV60 |
| 0.41% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $677,916.79 | 693,000 | BMG68Y5 |
| 0.41% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $671,836.77 | 646,000 | BLC8Z03 |
| 0.40% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $653,608.58 | 690,000 | BS6V604 |
| 0.39% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $642,432.08 | 701,000 | BPG27W5 |
| 0.39% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $642,319.66 | 628,000 | BLDCTF7 |
| 0.39% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $641,475.10 | 635,000 | BRZWYJ6 |
| 0.39% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $638,976.75 | 679,000 | BNHT925 |
| 0.39% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $631,193.47 | 624,000 | BS7XRZ1 |
| 0.38% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $625,210.11 | 646,000 | BMVVY70 |
| 0.38% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $625,130.97 | 573,000 | BR1H4Z1 |
| 0.38% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $622,835.46 | 614,000 | BMYMZT9 |
| 0.38% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $620,637.87 | 586,000 | BR1H7L8 |
| 0.38% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $619,828.32 | 610,000 | BQB88K0 |
| 0.38% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $619,806.23 | 649,000 | BTCK903 |
| 0.37% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $612,258.58 | 665,000 | BPVBYZ9 |
| 0.37% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $597,269.90 | 606,000 | BP091F3 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $592,894.23 | 581,000 | BPX27Q2 |
| 0.36% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $592,568.75 | 653,000 | BLC9L19 |
| 0.36% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $592,037.20 | 622,000 | BMW5D63 |
| 0.35% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $580,777.54 | 569,000 | BMCGQM3 |
| 0.35% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $576,067.88 | 614,000 | BMTN6F0 |
| 0.35% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $570,718.80 | 609,000 | BMXC0P1 |
| 0.35% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $570,469.14 | 566,000 | BP092P0 |
| 0.35% | -- | CELANESE US HOLDINGS LLC | 6.42% | 07/15/2027 | -- | $567,045.46 | 562,000 | BP9RBF8 |
| 0.34% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $563,215.01 | 557,000 | BMFKW46 |
| 0.34% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $561,241.26 | 556,000 | BNRPV83 |
| 0.34% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $559,947.50 | 653,000 | BPGM651 |
| 0.34% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $558,860.29 | 640,000 | BMFBJQ0 |
| 0.34% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $557,896.23 | 918,000 | BM93J39 |
| 0.34% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $557,880.96 | 630,000 | BP7LR98 |
| 0.34% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $551,680.14 | 536,000 | BRC2671 |
| 0.33% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $541,995.20 | 563,000 | BS3BCF4 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $535,804.00 | 529,000 | BR2NN28 |
| 0.32% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $529,522.67 | 542,000 | BSHT8Y5 |
| 0.32% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $527,303.15 | 550,000 | BN0ZRZ9 |
| 0.32% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $524,311.32 | 523,000 | BMCMQL0 |
| 0.32% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $522,431.19 | 521,000 | BTTRMX1 |
| 0.32% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $521,076.86 | 507,000 | BQ3QRD8 |
| 0.32% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $519,327.89 | 592,000 | BPLFC68 |
| 0.32% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $517,320.68 | 542,000 | BMXHJH1 |
| 0.32% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $516,773.36 | 502,000 | BPBRSM2 |
| 0.31% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $515,197.75 | 503,000 | BRRG7V9 |
| 0.31% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $514,685.21 | 513,000 | BQ68CL4 |
| 0.31% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $511,617.48 | 529,000 | BMW2W01 |
| 0.31% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $511,076.50 | 500,000 | BMVXP51 |
| 0.31% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $510,300.00 | 1,134,000 | BMW7N92 |
| 0.31% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $509,657.50 | 558,000 | BQ9D885 |
| 0.31% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $505,856.25 | 529,000 | BNBTNV8 |
| 0.31% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $505,680.00 | 784,000 | BM9TR00 |
| 0.31% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $505,376.25 | 519,000 | BL54J73 |
| 0.31% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $501,472.50 | 500,000 | BRT7527 |
| 0.31% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $501,145.98 | 539,000 | BKPMPR2 |
| 0.31% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $500,013.93 | 489,000 | BT3CPW2 |
| 0.30% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $498,104.31 | 532,000 | BM9PWX6 |
| 0.30% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $495,341.60 | 520,000 | BMC94W8 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $493,895.25 | 450,000 | BR1YSV6 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $493,539.40 | 485,000 | BP092B6 |
| 0.30% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $491,048.32 | 560,000 | BMG3813 |
| 0.30% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $487,718.03 | 556,000 | BKPJT48 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $485,935.66 | 495,000 | BN6MM59 |
| 0.30% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $484,872.20 | 460,000 | BL6CM66 |
| 0.29% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $482,147.61 | 467,000 | BS88506 |
| 0.29% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $479,263.46 | 491,000 | BM9QJS3 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $478,864.24 | 464,000 | BQKRVC1 |
| 0.29% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $478,010.05 | 572,000 | BNQPRV9 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $477,294.55 | 467,000 | BMCGQ56 |
| 0.29% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $474,317.86 | 500,000 | BRXZ215 |
| 0.29% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $471,336.60 | 521,000 | BN6KWY2 |
| 0.28% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $464,158.88 | 483,000 | BM8H4Y8 |
| 0.28% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $462,527.67 | 492,000 | BMY8TS4 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $458,769.86 | 495,000 | BMH29D8 |
| 0.28% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $458,662.40 | 481,000 | BPK4CP5 |
| 0.28% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $458,627.68 | 462,000 | BLSN159 |
| 0.28% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $458,146.97 | 496,000 | BLN9LB8 |
| 0.28% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $456,917.99 | 445,000 | BRBCTZ1 |
| 0.28% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $456,332.73 | 465,000 | BMD14K1 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $456,275.76 | 450,000 | BP5JP78 |
| 0.28% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $450,697.04 | 446,000 | BMZBL86 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $450,477.45 | 450,000 | BR53N25 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $450,330.24 | 441,000 | BPLL6H5 |
| 0.27% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $444,622.50 | 420,000 | BMGC188 |
| 0.27% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $442,273.48 | 440,000 | BS9C5X0 |
| 0.27% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $439,897.00 | 471,000 | BNM5Z19 |
| 0.27% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $437,612.42 | 441,000 | BSNZ6B0 |
| 0.27% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $437,020.47 | 502,000 | BMFNDV9 |
| 0.27% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $436,570.76 | 426,000 | BMZMHS1 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $435,476.60 | 489,000 | BR4ZG56 |
| 0.27% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $433,753.96 | 442,000 | BRK14M1 |
| 0.26% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $432,545.96 | 436,000 | BN95KZ1 |
| 0.26% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $429,203.73 | 455,000 | BMFNGQ5 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $424,721.38 | 443,000 | BMHBB51 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $422,944.05 | 419,000 | BM8SW92 |
| 0.26% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $419,547.30 | 399,000 | BMJ0LG7 |
| 0.26% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $417,590.67 | 471,000 | BMBVFS8 |
| 0.25% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $415,993.75 | 505,000 | BKPGFV8 |
| 0.25% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $414,924.92 | 443,000 | BMW4P42 |
| 0.25% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $411,294.56 | 457,000 | BT7JWZ1 |
| 0.24% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $396,771.66 | 452,000 | BP4Z8H8 |
| 0.24% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $393,613.82 | 384,000 | BNRPLW7 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $387,909.53 | 422,000 | BP83D39 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $382,942.01 | 382,000 | BRBVMG0 |
| 0.23% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $380,186.00 | 382,000 | BRBDSH9 |
| 0.23% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $378,185.78 | 431,000 | BRPT5J4 |
| 0.23% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $375,490.63 | 394,000 | BMBV4H0 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $374,662.50 | 485,000 | BMH8323 |
| 0.23% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $372,376.04 | 451,000 | BSKP420 |
| 0.23% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $370,309.60 | 424,000 | BNKLFF3 |
| 0.22% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $359,181.68 | 919,000 | BN6JYJ8 |
| 0.21% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $350,454.84 | 356,000 | BQB7JV5 |
| 0.21% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $342,692.01 | 384,000 | BNM51T9 |
| 0.19% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $312,785.17 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $306,483.32 | 301,000 | BMJ0L90 |
| 0.17% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $282,727.21 | 296,000 | BNTBJ41 |
| 0.17% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $282,527.92 | 287,000 | BV0YZ47 |
| 0.16% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $267,945.83 | 271,000 | BP946X2 |
| 0.15% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $249,179.99 | 259,000 | BP815Z9 |
| 0.15% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $248,802.11 | 247,000 | BMXHQ92 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $245,088.23 | 285,000 | BM9SD09 |
| 0.13% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $214,913.83 | 232,000 | BMDB423 |
| 0.12% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $197,934.04 | 211,000 | BNW2059 |
| 0.12% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $192,370.68 | 175,000 | BR1YST4 |
| 0.10% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $164,115.83 | 183,000 | BMD9BZ9 |
| 0.10% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $159,501.22 | 149,000 | BQFHT88 |
| 0.09% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $151,902.72 | 166,000 | BNKFMN2 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $133,049.53 | 148,000 | BN7S9F5 |
| 0.08% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $132,718.75 | 155,000 | BM9NG16 |
| 0.06% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $94,827.97 | 204,000 | BM9M1M9 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $85,954.09 | 97,000 | BLD7383 |
| 0.04% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $73,229.91 | 76,000 | BLCC408 |
| 0.03% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $46,971.32 | 72,000 | BMF4PW7 |
| 0.02% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $26,891.65 | 27,000 | BP4YGK4 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $10,365.43 | 12,000 | BLDBLN6 |
| -- | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $2,067.25 | 2,000 | BS7Y6M4 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -12.17% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2025 TYM5 COMDTY | -- | -- | -19,908,156 | -- | -179 | -- |
| -22.70% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2025 TUM5 COMDTY | -- | -- | -37,145,297 | -- | -179 | -- |
| -59.66% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2025 FVM5 COMDTY | -- | -- | -97,600,782 | -- | -900 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,010,291.76 | 7,010,292 | -- |
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