HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 241 Nontraditional Bond funds based on risk-adjusted returns as of 08/31/25.
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 8/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.45% | 2.28% | 0.46% | 3.10% | 7.70% | 10.67% | 7.43% | 5.43% | 4.06% | 05/21/2013 |
| HYHG NAV | 0.38% | 2.46% | 2.72% | 3.55% | 7.75% | 10.49% | 7.37% | 5.36% | 4.05% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.42% | 2.56% | 2.98% | 3.93% | 8.15% | 10.82% | 7.81% | 6.03% | 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 9/12/2025- NAV $64.63
- NAV Change $+0.06
- Market Price $64.84
- Market Price Change $+0.26
- Trading Volume (M) 9,830
- 30-Day Median Bid Ask Spread 0.34%
- View Premium / Discount
Distributions
as of 7/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.82%
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 9/12/2025- NAV $64.63
- NAV Change $+0.06
- Market Price $64.84
- Market Price Change $+0.26
- Trading Volume (M) 9,830
- 30-Day Median Bid Ask Spread 0.34%
- View Premium / Discount
Distributions
as of 7/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.82%
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 9/12/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.28% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,158,208.05 | 2,167,000 | BMWDGR9 |
| 1.27% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,133,026.49 | 2,109,000 | BN2QTP4 |
| 1.25% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,096,063.32 | 1,924,000 | BR54DP1 |
| 1.07% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,794,939.52 | 1,760,000 | BT7MYF4 |
| 1.07% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,791,178.77 | 1,771,000 | BSMMD99 |
| 1.06% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,787,451.83 | 1,759,000 | BV4K8M0 |
| 1.01% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,700,318.00 | 2,066,000 | BTPF2W8 |
| 0.98% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,640,005.85 | 1,602,000 | BNM6H94 |
| 0.96% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,611,125.35 | 1,523,000 | BP2F579 |
| 0.94% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,577,568.96 | 1,485,000 | BP6GPK1 |
| 0.91% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,532,918.59 | 1,458,000 | BQ67HZ0 |
| 0.87% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,469,700.00 | 1,380,000 | BNBTNV8 |
| 0.87% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,456,557.52 | 1,382,000 | BRK4301 |
| 0.86% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,450,783.81 | 1,440,000 | BM8H783 |
| 0.82% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,376,367.07 | 1,321,000 | BPH26F0 |
| 0.80% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $1,353,243.04 | 1,473,000 | BKPJT48 |
| 0.79% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,331,690.24 | 1,280,000 | BS9G792 |
| 0.79% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,330,020.67 | 1,283,000 | BS2FMQ8 |
| 0.79% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,326,973.98 | 1,290,000 | BPLP3M1 |
| 0.77% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,301,804.63 | 1,230,000 | BQB9NW0 |
| 0.75% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,261,343.93 | 1,210,000 | BNZG7Q8 |
| 0.74% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,236,864.73 | 1,347,000 | BMBVFS8 |
| 0.73% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,222,190.38 | 1,250,000 | BRXZ215 |
| 0.73% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,220,758.56 | 1,185,000 | BR4XVS8 |
| 0.72% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,218,207.92 | 1,170,000 | BRJQLF9 |
| 0.71% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,201,215.58 | 1,134,000 | BTCCGD1 |
| 0.71% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,201,185.84 | 1,223,000 | BMVXSB8 |
| 0.69% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,155,710.08 | 1,096,000 | BV5GRT7 |
| 0.68% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,150,371.62 | 1,180,000 | BQKN5B6 |
| 0.68% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,143,949.40 | 1,100,000 | BRSF6F2 |
| 0.68% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,136,587.49 | 1,030,000 | BQ80PR5 |
| 0.68% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,136,538.94 | 1,087,000 | BVDKGM7 |
| 0.67% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,133,782.90 | 1,133,000 | BPVDS42 |
| 0.66% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,110,562.18 | 1,145,000 | BMBJVY0 |
| 0.65% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,088,091.75 | 1,073,000 | BV6KVR4 |
| 0.62% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,047,480.40 | 1,006,000 | BS2FZM5 |
| 0.62% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,037,458.42 | 1,041,000 | BN7SNC0 |
| 0.61% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $1,028,862.63 | 989,000 | BT7HYL5 |
| 0.61% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,027,113.21 | 1,026,000 | BN765Z1 |
| 0.61% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,026,875.00 | 1,060,000 | BS89C64 |
| 0.61% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $1,019,574.62 | 992,000 | BRZWYJ6 |
| 0.60% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,017,120.97 | 1,044,000 | BNW2059 |
| 0.60% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $1,016,497.17 | 976,000 | BRQPKY1 |
| 0.60% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $1,007,487.27 | 971,000 | BMF9C65 |
| 0.60% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $1,000,908.46 | 1,073,000 | BMX50K5 |
| 0.59% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $988,614.59 | 945,000 | BQ2KRF3 |
| 0.59% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $985,360.22 | 946,000 | BPH25H5 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $970,430.29 | 937,000 | BQMJ1N6 |
| 0.58% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $969,906.50 | 1,039,000 | BRJHSK6 |
| 0.56% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $948,594.83 | 1,004,000 | BMT6QQ0 |
| 0.56% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $946,455.30 | 900,000 | BR1H7L8 |
| 0.55% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $932,434.32 | 989,000 | BNNPV76 |
| 0.55% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $924,391.05 | 892,000 | BS6S7M4 |
| 0.54% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $907,063.14 | 853,000 | BL6CM66 |
| 0.54% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $906,427.62 | 886,000 | BQT2NG5 |
| 0.53% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $899,352.41 | 876,000 | BNTZ4D7 |
| 0.53% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $891,288.28 | 852,000 | BPG22V9 |
| 0.52% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $868,009.87 | 894,000 | BMV1LQ8 |
| 0.51% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $860,494.78 | 1,002,000 | BRBCV11 |
| 0.51% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $858,943.02 | 844,000 | BPLPFQ9 |
| 0.51% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $851,138.91 | 821,000 | BVDKGL6 |
| 0.51% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $849,828.89 | 835,000 | BVF9138 |
| 0.51% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $849,461.46 | 815,000 | BMZBL86 |
| 0.50% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $848,468.86 | 801,000 | BVK4MV3 |
| 0.50% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $843,178.11 | 803,000 | BRBH8M6 |
| 0.50% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $837,295.04 | 827,000 | BRXCZB7 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $825,182.43 | 799,000 | BNDQTF3 |
| 0.49% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $822,004.53 | 823,000 | BMXC0P1 |
| 0.48% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $812,992.22 | 782,000 | BM8K1F7 |
| 0.48% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $810,167.15 | 826,000 | BJNPGH3 |
| 0.48% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $809,187.21 | 847,000 | BNHS096 |
| 0.48% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $807,315.57 | 797,000 | BRT75V6 |
| 0.46% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $771,597.00 | 750,000 | BT9NKJ1 |
| 0.45% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $760,362.88 | 714,000 | BQFHT88 |
| 0.45% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $755,602.78 | 738,000 | BNRPC80 |
| 0.45% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $755,305.16 | 748,000 | BQ1PCD2 |
| 0.45% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $751,870.42 | 750,000 | BRT7X56 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $749,675.66 | 737,000 | BPW9BQ2 |
| 0.44% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $745,597.87 | 709,000 | BLDCK76 |
| 0.44% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $735,104.28 | 695,000 | BRBCTZ1 |
| 0.43% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $729,403.34 | 769,000 | BNDLGZ7 |
| 0.43% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $718,219.95 | 724,000 | BNRNCC8 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $716,521.54 | 701,000 | BPG27W5 |
| 0.43% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $715,575.60 | 675,000 | BMVXP62 |
| 0.42% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $714,478.21 | 711,000 | BMBN777 |
| 0.42% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $713,899.47 | 685,000 | BSNQ215 |
| 0.42% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $701,798.10 | 679,000 | BSHT8Y5 |
| 0.42% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $697,789.44 | 684,000 | BTXQV60 |
| 0.41% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $696,732.00 | 800,000 | BMVZMH8 |
| 0.41% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $694,094.93 | 686,000 | BVMDN60 |
| 0.41% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $689,215.64 | 671,000 | BQ3QRD8 |
| 0.41% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $685,919.48 | 677,000 | BP812N6 |
| 0.40% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $675,378.63 | 767,000 | BMV1L02 |
| 0.40% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $675,190.69 | 646,000 | BLC8Z03 |
| 0.40% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $669,499.85 | 659,000 | BV99DS3 |
| 0.40% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $669,326.98 | 649,000 | BTCK903 |
| 0.40% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $669,059.78 | 618,000 | BS88506 |
| 0.40% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $668,384.80 | 641,000 | BS9C5X0 |
| 0.40% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $667,049.04 | 628,000 | BLDCTF7 |
| 0.39% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $660,646.84 | 659,000 | BM8K6S5 |
| 0.39% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $659,484.39 | 679,000 | BNHT925 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $653,150.60 | 618,000 | BV1C948 |
| 0.39% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $649,685.16 | 634,000 | BQXJKM7 |
| 0.38% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $645,285.53 | 711,000 | BM94BT2 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $643,320.91 | 653,000 | BLC9L19 |
| 0.38% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $635,395.12 | 573,000 | BR1H4Z1 |
| 0.38% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $634,041.84 | 627,000 | BS6V604 |
| 0.37% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $625,986.05 | 665,000 | BPVBYZ9 |
| 0.37% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $624,686.97 | 610,000 | BQB88K0 |
| 0.36% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $609,167.48 | 609,000 | BPP2DX9 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $600,501.27 | 581,000 | BPX27Q2 |
| 0.36% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $599,920.03 | 569,000 | BMCGQM3 |
| 0.35% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $596,096.64 | 576,000 | BS84LN9 |
| 0.35% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $594,248.38 | 630,000 | BP7LR98 |
| 0.35% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $591,556.44 | 582,000 | BSVLRC8 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $585,206.04 | 556,000 | BNRPV83 |
| 0.35% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $582,621.86 | 546,000 | BMGC188 |
| 0.35% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $581,665.71 | 527,000 | BR1YST4 |
| 0.35% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $581,574.95 | 550,000 | BVK4BV6 |
| 0.35% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $580,628.41 | 546,000 | BT3NFD6 |
| 0.34% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $568,976.91 | 613,000 | BKVH9C4 |
| 0.33% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $562,366.36 | 550,000 | BP946X2 |
| 0.33% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $559,287.59 | 536,000 | BRC2671 |
| 0.33% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $556,120.26 | 539,000 | BLB3TG3 |
| 0.33% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $554,667.77 | 563,000 | BS3BCF4 |
| 0.33% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $552,301.43 | 592,000 | BPLFC68 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $550,438.78 | 529,000 | BR2NN28 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $547,751.79 | 505,000 | BRCDDH3 |
| 0.32% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $543,837.00 | 525,000 | BTJS1V5 |
| 0.32% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $539,933.02 | 550,000 | BN0ZRZ9 |
| 0.32% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $538,168.28 | 542,000 | BMXHJH1 |
| 0.32% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $532,546.36 | 532,000 | BM9PWX6 |
| 0.32% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $531,870.67 | 521,000 | BTTRMX1 |
| 0.32% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $531,700.00 | 520,000 | BMC94W8 |
| 0.31% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $525,421.00 | 500,000 | BMVXP51 |
| 0.31% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $524,599.47 | 513,000 | BQ68CL4 |
| 0.31% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $523,643.00 | 500,000 | BNKBFF3 |
| 0.31% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $519,929.47 | 503,000 | BRRG7V9 |
| 0.31% | -- | CELANESE US HOLDINGS LLC | 6.67% | 07/15/2027 | -- | $519,452.52 | 506,000 | BP9RBF8 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $519,355.50 | 500,000 | BMGDND0 |
| 0.31% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $519,133.46 | 529,000 | BMW2W01 |
| 0.31% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $514,303.50 | 500,000 | BPSQQR3 |
| 0.30% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $510,622.00 | 500,000 | BVK50T0 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $509,471.50 | 489,000 | BT3CPW2 |
| 0.30% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $508,664.25 | 527,000 | BT7JWZ1 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $504,427.28 | 495,000 | BN6MM59 |
| 0.30% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $503,307.11 | 542,000 | BLDBLN6 |
| 0.30% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $503,249.32 | 701,000 | BN6JYJ8 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $501,005.49 | 485,000 | BP092B6 |
| 0.30% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $498,909.36 | 481,000 | BPK4CP5 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $496,778.85 | 450,000 | BR1YSV6 |
| 0.29% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $495,872.59 | 521,000 | BN6KWY2 |
| 0.29% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $492,374.84 | 498,000 | BQ9D885 |
| 0.29% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $490,713.76 | 461,000 | BNQQSS6 |
| 0.29% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $490,707.07 | 490,000 | BVRTP89 |
| 0.29% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $488,435.34 | 613,000 | BMWT6D3 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $485,428.45 | 464,000 | BQKRVC1 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $484,965.49 | 467,000 | BMCGQ56 |
| 0.28% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $478,404.27 | 492,000 | BMY8TS4 |
| 0.28% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $477,271.43 | 483,000 | BM8H4Y8 |
| 0.28% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $476,944.94 | 466,000 | BTTRLD4 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $475,151.39 | 495,000 | BMH29D8 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $470,861.10 | 450,000 | BR53N25 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $468,502.20 | 450,000 | BP5JP78 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $467,083.39 | 441,000 | BPLL6H5 |
| 0.28% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $466,443.25 | 455,000 | BQ2KRD1 |
| 0.28% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $464,735.83 | 465,000 | BMD14K1 |
| 0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $463,103.13 | 471,000 | BNM5Z19 |
| 0.28% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $462,526.61 | 442,000 | BRK14M1 |
| 0.27% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $459,648.46 | 426,000 | BMZMHS1 |
| 0.27% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $459,616.99 | 456,000 | BQB7JV5 |
| 0.27% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $446,951.69 | 455,000 | BMFNGQ5 |
| 0.27% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $446,600.00 | 464,000 | BS6RJF8 |
| 0.26% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $441,337.95 | 436,000 | BN95KZ1 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $441,024.72 | 452,000 | BP4Z8H8 |
| 0.26% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $440,185.85 | 451,000 | BSKP420 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $435,160.54 | 443,000 | BMHBB51 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $434,425.10 | 427,000 | BL54J73 |
| 0.26% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $432,256.65 | 399,000 | BMJ0LG7 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $430,706.44 | 419,000 | BM8SW92 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $425,400.40 | 431,000 | BRPT5J4 |
| 0.25% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $423,694.24 | 412,000 | BP4YGK4 |
| 0.25% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $421,527.44 | 422,000 | BMF4PS3 |
| 0.25% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $411,992.66 | 388,000 | BSNZ6B0 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $410,793.33 | 422,000 | BP83D39 |
| 0.24% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $410,642.99 | 383,000 | BPBRSM2 |
| 0.24% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $404,491.39 | 384,000 | BNRPLW7 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $401,069.30 | 416,000 | BNKFMN2 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $399,823.28 | 383,000 | BP092P0 |
| 0.23% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $394,954.72 | 382,000 | BRBDSH9 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $393,994.42 | 382,000 | BRBVMG0 |
| 0.23% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $392,706.13 | 424,000 | BNKLFF3 |
| 0.23% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $391,427.14 | 394,000 | BMBV4H0 |
| 0.23% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $389,561.19 | 376,000 | BRT7527 |
| 0.22% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $376,863.04 | 500,000 | BNQPRV9 |
| 0.22% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $375,268.75 | 485,000 | BMH8323 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $366,021.03 | 378,000 | BR4ZG56 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $364,010.01 | 349,000 | BS7XRZ1 |
| 0.22% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $363,806.86 | 354,000 | BM9YJB0 |
| 0.22% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $363,707.22 | 491,000 | BM93J39 |
| 0.21% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $357,925.98 | 389,000 | BMDB423 |
| 0.21% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $357,470.98 | 384,000 | BNM51T9 |
| 0.21% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $356,505.49 | 337,000 | BMCMQL0 |
| 0.21% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $350,277.77 | 343,000 | BP091F3 |
| 0.21% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $344,769.24 | 359,000 | BMT7QC9 |
| 0.19% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $326,800.38 | 653,000 | BPGM651 |
| 0.19% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $323,398.12 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $314,916.08 | 301,000 | BMJ0L90 |
| 0.18% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $297,798.50 | 481,000 | BMY0HH5 |
| 0.17% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $291,629.83 | 296,000 | BNTBJ41 |
| 0.17% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $285,971.02 | 401,000 | BP9LWV3 |
| 0.16% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $265,463.24 | 258,000 | BV0YZ47 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $258,833.21 | 285,000 | BM9SD09 |
| 0.15% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $252,082.27 | 247,000 | BMXHQ92 |
| 0.14% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $236,384.02 | 228,000 | BVF9246 |
| 0.14% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $235,962.65 | 1,169,000 | BQWNRK7 |
| 0.14% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $232,874.53 | 248,000 | BN7S9F5 |
| 0.12% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $195,890.69 | 192,000 | BVYL9V9 |
| 0.11% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $185,580.30 | 183,000 | BPK4TG5 |
| 0.08% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $126,129.78 | 133,000 | BMD9BZ9 |
| 0.07% | -- | HERC HOLDINGS INC | 7.00% | 06/15/2030 | -- | $114,977.06 | 110,000 | BV5GRS6 |
| 0.03% | -- | LEVEL 3 FINANCING INC | 7.00% | 03/31/2034 | -- | $50,962.20 | 50,000 | BV6KVQ3 |
| 0.03% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $44,660.00 | 319,000 | BP0X973 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -12.80% | -- | US 10YR NOTE (CBT) BOND 19/DEC/2025 TYZ5 COMDTY | -- | -- | -21,523,438 | -- | -190 | -- |
| -36.00% | -- | US 2YR NOTE (CBT) BOND 31/DEC/2025 TUZ5 COMDTY | -- | -- | -60,532,969 | -- | -290 | -- |
| -44.17% | -- | US 5YR NOTE (CBT) BOND 31/DEC/2025 FVZ5 COMDTY | -- | -- | -74,263,727 | -- | -677 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $8,577,476.37 | 8,577,476 | -- |
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