HYHG invests in a portfolio of high-yield corporate bonds, while seeking to hedge against the potential negative impact of rising interest rates.
HYHG
High Yield - Interest Rate Hedged
Why HYHG?
High Yield Bond Returns
HYHG targets the returns of a diversified portfolio of high yield corporate bonds.
Hedge Against Rising Rates
HYHG provides corporate bond exposure with a built-in hedge against rising rates, utilizing short positions in U.S. Treasury futures.
Lower Rate Sensitivity
By targeting a duration of zero, HYHG seeks to have almost no sensitivity to rising rates, unlike other short-term bond funds.
View fund details
Documents & Downloads
ETF & Index
Prospectus & Regulatory
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Month-End Total Returns as of 11/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.25% | 1.25% | 3.74% | 4.84% | 5.37% | 9.82% | 7.02% | 5.89% | 4.07% | 05/21/2013 |
| HYHG Market Price | -0.40% | 1.08% | 3.39% | 4.22% | 4.93% | 9.54% | 7.03% | 5.94% | 4.07% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.32% | 1.41% | 4.01% | 5.39% | 5.85% | 10.27% | 7.45% | 6.52% | 4.77% | -- |
| 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 11/30/2025- Number of Companies 231
- Net Effective Duration -0.2882
Price
as of 12/31/2025- NAV $64.32
- NAV Change $+0.05
- Market Price $64.40
- Market Price Change $+0.08
- Trading Volume (M) 8,148
- 30-Day Median Bid Ask Spread 0.41%
- View Premium / Discount
Distributions
as of 11/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.40%
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 11/30/2025- Number of Companies 231
- Net Effective Duration -0.2882
Price
as of 12/31/2025- NAV $64.32
- NAV Change $+0.05
- Market Price $64.40
- Market Price Change $+0.08
- Trading Volume (M) 8,148
- 30-Day Median Bid Ask Spread 0.41%
- View Premium / Discount
Distributions
as of 11/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.40%
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 12/31/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.54% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,482,544.12 | 2,385,000 | BPH26F0 |
| 1.33% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,136,602.42 | 2,109,000 | BN2QTP4 |
| 1.27% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,037,953.79 | 1,959,000 | BS9G792 |
| 1.15% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,847,409.77 | 1,806,000 | BV4K8M0 |
| 1.11% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,789,186.33 | 1,618,000 | BR54DP1 |
| 1.04% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,676,338.53 | 1,667,000 | BMWDGR9 |
| 1.02% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,634,189.59 | 1,592,000 | BT7MYF4 |
| 0.91% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,458,423.53 | 1,385,000 | BP6GPK1 |
| 0.90% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,442,347.80 | 1,400,000 | BW5ZMJ6 |
| 0.88% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,419,963.44 | 1,301,000 | BP2F579 |
| 0.88% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,417,417.88 | 1,415,000 | BQKN5B6 |
| 0.87% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,404,411.51 | 1,347,000 | BVDKGM7 |
| 0.87% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,404,022.27 | 1,338,000 | BQ67HZ0 |
| 0.83% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,329,506.21 | 1,283,000 | BS2FMQ8 |
| 0.82% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,322,755.12 | 1,271,000 | BQB9NW0 |
| 0.82% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,313,866.00 | 1,861,000 | BTPF2W8 |
| 0.81% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,303,523.95 | 1,264,000 | BNM6H94 |
| 0.79% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,277,564.73 | 1,250,000 | BRXZ215 |
| 0.78% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,258,386.69 | 1,210,000 | BNZG7Q8 |
| 0.76% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,218,196.18 | 1,170,000 | BRJQLF9 |
| 0.75% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,207,204.45 | 1,179,000 | BSHT8Y5 |
| 0.75% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,206,234.87 | 1,223,000 | BMVXSB8 |
| 0.72% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,164,506.05 | 1,096,000 | BV5GRT7 |
| 0.72% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,154,746.53 | 1,100,000 | BRSF6F2 |
| 0.71% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,147,946.98 | 1,154,000 | BRK4301 |
| 0.70% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,119,409.82 | 1,145,000 | BMBJVY0 |
| 0.68% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,097,938.67 | 1,073,000 | BV6KVR4 |
| 0.66% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,067,639.29 | 1,030,000 | BQ80PR5 |
| 0.66% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,063,950.49 | 1,038,000 | BM8K6S5 |
| 0.65% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,049,852.08 | 1,037,000 | BV4FWX4 |
| 0.65% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,043,796.35 | 1,000,000 | BT7HWD3 |
| 0.65% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,038,154.51 | 996,000 | BPLP3M1 |
| 0.65% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,037,867.10 | 1,041,000 | BN7SNC0 |
| 0.64% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,034,089.65 | 1,000,000 | BW2K4P4 |
| 0.64% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,033,845.07 | 1,006,000 | BS2FZM5 |
| 0.63% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,013,319.61 | 1,129,000 | BMBVFS8 |
| 0.63% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,010,400.00 | 1,000,000 | BVBFJZ8 |
| 0.62% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $992,997.14 | 1,068,000 | BVF9138 |
| 0.62% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $991,350.44 | 945,000 | BQ2KRF3 |
| 0.61% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $979,088.30 | 937,000 | BQMJ1N6 |
| 0.60% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $970,264.95 | 929,000 | BT7HYL5 |
| 0.57% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $913,579.17 | 897,000 | BP9MC16 |
| 0.57% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $912,054.98 | 1,039,000 | BRJHSK6 |
| 0.56% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $893,126.59 | 872,000 | BNTZ4D7 |
| 0.55% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $892,542.21 | 868,000 | BM9YJB0 |
| 0.55% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $889,787.05 | 852,000 | BPG22V9 |
| 0.55% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $882,832.47 | 888,000 | BS89C64 |
| 0.54% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $862,835.29 | 842,000 | BTTRMX1 |
| 0.53% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $849,891.44 | 801,000 | BVK4MV3 |
| 0.52% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $840,374.26 | 819,000 | BV99DS3 |
| 0.52% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $833,170.42 | 827,000 | BRXCZB7 |
| 0.52% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $830,628.02 | 835,000 | BS6V604 |
| 0.52% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $828,942.86 | 799,000 | BNDQTF3 |
| 0.51% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $827,440.57 | 798,000 | BS6S7M4 |
| 0.51% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $821,795.20 | 800,000 | BVK50T0 |
| 0.51% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $815,278.31 | 826,000 | BJNPGH3 |
| 0.51% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $814,862.04 | 779,000 | BMJ0L90 |
| 0.50% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $809,856.40 | 782,000 | BM8K1F7 |
| 0.50% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $802,928.02 | 786,000 | BQT2NG5 |
| 0.50% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $800,361.01 | 786,000 | BM8H783 |
| 0.50% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $796,585.15 | 793,000 | BPVDS42 |
| 0.48% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $775,276.96 | 889,000 | BNNPV76 |
| 0.48% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $770,533.63 | 725,000 | BL6CM66 |
| 0.48% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $766,899.04 | 750,000 | BS84Y29 |
| 0.48% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $765,246.90 | 900,000 | BMVZMH8 |
| 0.47% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $762,489.93 | 735,000 | BRT75V6 |
| 0.47% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $757,135.75 | 777,000 | BMV1LQ8 |
| 0.47% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $754,167.24 | 737,000 | BPW9BQ2 |
| 0.47% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $750,393.50 | 748,000 | BQ1PCD2 |
| 0.46% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $743,177.48 | 750,000 | BVK6BT0 |
| 0.46% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $736,803.51 | 724,000 | BNRNCC8 |
| 0.45% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $719,609.29 | 697,000 | BMZBL86 |
| 0.45% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $716,647.69 | 685,000 | BSNQ215 |
| 0.44% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $714,944.60 | 675,000 | BNQQSS6 |
| 0.44% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $714,218.02 | 745,000 | BT68Y19 |
| 0.44% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $709,473.49 | 702,000 | BQTWXH6 |
| 0.44% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $708,791.72 | 684,000 | BTXQV60 |
| 0.44% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $705,387.74 | 682,000 | BMF9C65 |
| 0.44% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $704,330.84 | 664,000 | BRQPKY1 |
| 0.44% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $701,510.63 | 675,000 | BMVXP62 |
| 0.43% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $684,304.79 | 674,000 | BR886L7 |
| 0.43% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $684,259.59 | 657,000 | BQXJKM7 |
| 0.42% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $681,451.97 | 649,000 | BTCK903 |
| 0.42% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $678,335.55 | 675,000 | BVMS268 |
| 0.42% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $673,290.43 | 646,000 | BLC8Z03 |
| 0.42% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $671,729.41 | 628,000 | BLDCTF7 |
| 0.41% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $662,935.65 | 892,000 | BRBCV11 |
| 0.40% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $645,939.66 | 711,000 | BM94BT2 |
| 0.40% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $640,235.59 | 613,000 | BP946X2 |
| 0.40% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $636,184.82 | 665,000 | BPVBYZ9 |
| 0.39% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $635,225.58 | 767,000 | BMV1L02 |
| 0.39% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $622,393.80 | 601,000 | BPG27W5 |
| 0.37% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $601,716.70 | 581,000 | BPX27Q2 |
| 0.37% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $600,034.70 | 558,000 | BS88506 |
| 0.36% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $585,227.52 | 548,000 | BTCCGD1 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $581,671.94 | 630,000 | BP7LR98 |
| 0.36% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $581,064.66 | 556,000 | BNRPV83 |
| 0.36% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $580,928.83 | 576,000 | BS84LN9 |
| 0.36% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $580,660.63 | 546,000 | BT3NFD6 |
| 0.36% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $576,696.45 | 550,000 | BVK4BV6 |
| 0.36% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $574,707.40 | 543,000 | BRBCTZ1 |
| 0.35% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $561,815.95 | 536,000 | BRC2671 |
| 0.35% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $560,910.61 | 556,000 | BQB7JV5 |
| 0.34% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $554,838.93 | 601,000 | BN6JYJ8 |
| 0.34% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $553,679.67 | 539,000 | BLB3TG3 |
| 0.34% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $552,101.66 | 563,000 | BS3BCF4 |
| 0.34% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $548,094.68 | 505,000 | BRCDDH3 |
| 0.34% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $548,000.25 | 525,000 | BTJS1V5 |
| 0.34% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $544,793.73 | 519,000 | BNRPLW7 |
| 0.34% | -- | ARDAGH GROUP SA CALLABLE NOTES FIXED 9.5% 01/DEC/2030 USD 1 | -- | -- | -- | $542,308.92 | 500,000 | -- |
| 0.34% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $538,996.78 | 550,000 | BNW2059 |
| 0.33% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $538,636.75 | 520,000 | BNBTNV8 |
| 0.33% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $536,074.83 | 536,000 | BVBG0S1 |
| 0.33% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $535,860.00 | 520,000 | BMC94W8 |
| 0.33% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $530,173.32 | 529,000 | BMW2W01 |
| 0.33% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $524,177.40 | 500,000 | BMVXP51 |
| 0.32% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $521,871.53 | 550,000 | BV2JDH9 |
| 0.32% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $521,855.35 | 500,000 | BMGDND0 |
| 0.32% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $521,299.17 | 525,000 | BNHS096 |
| 0.32% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $520,836.51 | 500,000 | BS9C5X0 |
| 0.32% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $520,715.23 | 511,000 | BLDCF37 |
| 0.32% | -- | ASURION LLC AND ASURION CO-ISSUER INC CALLABLE NOTES FIXED 8% 31/DEC/2032 USD 1000 | -- | -- | -- | $518,748.19 | 500,000 | -- |
| 0.32% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $518,708.32 | 473,000 | BR1H4Z1 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $516,803.81 | 513,000 | BQ68CL4 |
| 0.32% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $515,900.86 | 542,000 | BLDBLN6 |
| 0.32% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $511,054.59 | 496,000 | BT9NKJ1 |
| 0.32% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $509,178.59 | 489,000 | BT3CPW2 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $508,050.23 | 503,000 | BRRG7V9 |
| 0.32% | -- | ONEMAIN FINANCE CORP CALLABLE NOTES FIXED 6.75% 15/SEP/2033 USD 1000 | -- | -- | -- | $507,130.44 | 500,000 | -- |
| 0.31% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $504,723.74 | 515,000 | BNHT925 |
| 0.31% | -- | HILTON DOMESTIC OPERATING CO INC CALLABLE NOTES FIXED 5.5% 31/MAR/2034 USD 1000 | -- | -- | -- | $503,848.14 | 500,000 | -- |
| 0.31% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $503,734.77 | 495,000 | BN6MM59 |
| 0.31% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $501,255.26 | 485,000 | BP092B6 |
| 0.31% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $500,361.87 | 496,000 | BQT3JM6 |
| 0.31% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $498,583.42 | 719,000 | BMWT6D3 |
| 0.31% | -- | MAUSER PACKAGING SOLUTIONS HOLDING CO CALLABLE NOTES FIXED 7.875% 15/APR/2030 USD 1000 | -- | -- | -- | $498,505.00 | 500,000 | -- |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $496,270.57 | 517,000 | BLC9L19 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $495,695.38 | 534,000 | BKPJT48 |
| 0.31% | -- | APLD COMPUTECO LLC CALLABLE NOTES FIXED 9.25% 15/DEC/2030 USD 1000 | -- | -- | -- | $491,353.15 | 500,000 | -- |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $489,047.40 | 450,000 | BR1YSV6 |
| 0.30% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $487,165.25 | 464,000 | BQKRVC1 |
| 0.30% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $480,918.50 | 467,000 | BMCGQ56 |
| 0.30% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $480,762.81 | 495,000 | BMH29D8 |
| 0.30% | -- | MAUSER PACKAGING SOLUTIONS HOLDING CO CALLABLE NOTES FIXED 9.25% 15/APR/2030 USD 1000 | -- | -- | -- | $480,000.00 | 500,000 | -- |
| 0.30% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $479,836.63 | 492,000 | BMY8TS4 |
| 0.30% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $477,840.88 | 483,000 | BM8H4Y8 |
| 0.30% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $477,285.94 | 466,000 | BTTRLD4 |
| 0.30% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $476,590.40 | 520,000 | BRT7X56 |
| 0.29% | -- | POST HOLDINGS INC CALLABLE NOTES FIXED 6.5% 15/MAR/2036 USD 1000 | -- | -- | -- | $471,688.46 | 471,000 | -- |
| 0.29% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $468,848.25 | 450,000 | BP5JP78 |
| 0.29% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $468,470.82 | 446,000 | BMGC188 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,913.60 | 450,000 | BR53N25 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $467,614.27 | 492,000 | BPLFC68 |
| 0.29% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $462,600.29 | 448,000 | BV0YZ47 |
| 0.29% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $461,331.52 | 490,000 | BNKLFF3 |
| 0.29% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $460,969.48 | 426,000 | BMZMHS1 |
| 0.29% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $458,806.85 | 455,000 | BQ2KRD1 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $458,326.89 | 441,000 | BPLL6H5 |
| 0.28% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $445,360.03 | 432,000 | BP4YGK4 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $443,823.75 | 467,000 | BT7JWZ1 |
| 0.28% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $443,733.40 | 413,000 | BV1C948 |
| 0.28% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $443,164.35 | 436,000 | BN95KZ1 |
| 0.28% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $443,080.63 | 443,000 | BMHBB51 |
| 0.27% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $437,197.50 | 459,000 | BMT7QC9 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $435,315.41 | 449,000 | BQ9D885 |
| 0.27% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $432,081.30 | 427,000 | BL54J73 |
| 0.27% | -- | SURGERY CENTER HOLDINGS INC CALLABLE NOTES FIXED 7.25% 15/APR/2032 USD 1000 | -- | -- | -- | $430,388.14 | 425,000 | -- |
| 0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $430,381.91 | 433,000 | BM9PWX6 |
| 0.27% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $430,145.20 | 452,000 | BP4Z8H8 |
| 0.27% | -- | NATIONAL MENTOR HOLDINGS INC CALLABLE NOTES FIXED 10.5% 15/DEC/2030 USD 1000 | -- | -- | -- | $429,262.34 | 427,000 | -- |
| 0.27% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $428,908.20 | 420,000 | BSVLRC8 |
| 0.26% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $423,049.44 | 418,000 | BMW2F91 |
| 0.26% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $422,910.09 | 409,000 | BVDKGL6 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $421,319.27 | 407,000 | BM8SW92 |
| 0.26% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $419,928.29 | 408,000 | BQB88K0 |
| 0.26% | -- | SABRE FINANCIAL BORROWER LLC CALLABLE NOTES FIXED 11.125% 15/JUN/2029 USD 1000 | -- | -- | -- | $417,495.11 | 412,000 | -- |
| 0.26% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $412,675.73 | 400,000 | BVBCQP8 |
| 0.26% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $412,066.59 | 391,000 | BMCGQM3 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $408,473.92 | 393,000 | BMW2FL3 |
| 0.25% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $406,225.60 | 422,000 | BP83D39 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $401,154.15 | 431,000 | BRPT5J4 |
| 0.25% | -- | WINDSTREAM SERVICES LLC | 7.50% | 10/15/2033 | -- | $400,817.18 | 391,000 | BVMSGF5 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $399,530.88 | 378,000 | BPBRSM2 |
| 0.25% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $397,252.47 | 417,000 | BN6KWY2 |
| 0.25% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $396,166.62 | 382,000 | BRBDSH9 |
| 0.24% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $393,397.65 | 394,000 | BMBV4H0 |
| 0.24% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $393,328.15 | 382,000 | BRBVMG0 |
| 0.24% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $387,408.97 | 376,000 | BRT7527 |
| 0.24% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $386,059.60 | 391,000 | BN0ZRZ9 |
| 0.24% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $386,045.72 | 381,000 | BVBFJY7 |
| 0.24% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $385,517.55 | 465,000 | BS6RJF8 |
| 0.24% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $378,300.00 | 485,000 | BMH8323 |
| 0.23% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $375,792.95 | 367,000 | BV8DHB7 |
| 0.23% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $368,186.29 | 491,000 | BM93J39 |
| 0.23% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $367,605.18 | 367,000 | BSZ7DB3 |
| 0.23% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $366,006.66 | 349,000 | BS7XRZ1 |
| 0.23% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $365,068.30 | 393,591 | BMDB423 |
| 0.23% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $365,013.94 | 357,000 | BVMDN60 |
| 0.23% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $363,926.74 | 392,000 | BMXHJH1 |
| 0.22% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $358,006.50 | 345,000 | BVZMLG0 |
| 0.22% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $354,410.00 | 581,000 | BMY0HH5 |
| 0.22% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $353,679.40 | 347,000 | BMXHQ92 |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $351,879.93 | 343,000 | BP091F3 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $350,163.22 | 369,000 | BR4ZG56 |
| 0.22% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $350,028.24 | 500,000 | BNQPRV9 |
| 0.22% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $349,368.14 | 343,000 | BRK14M1 |
| 0.22% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $348,917.06 | 338,000 | BR4XVS8 |
| 0.22% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $348,875.38 | 333,000 | BP092P0 |
| 0.21% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $337,080.85 | 324,000 | BPK4CP5 |
| 0.21% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $335,439.31 | 312,000 | BMJ0LG7 |
| 0.20% | -- | VZ SECURED FINANCING BV CALLABLE NOTES FIXED 7.5% 15/JAN/2033 USD 1000 | -- | -- | -- | $329,513.87 | 325,000 | -- |
| 0.20% | -- | UNITED RENTALS NORTH AMERICA INC CALLABLE NOTES FIXED 5.375% 15/NOV/2033 USD 1000 | -- | -- | -- | $323,754.33 | 324,000 | -- |
| 0.19% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $304,894.72 | 297,000 | BRZWYJ6 |
| 0.19% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $300,056.82 | 290,000 | BVF9246 |
| 0.19% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $299,788.42 | 300,000 | BTPH0K8 |
| 0.19% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $299,521.73 | 300,000 | BVSYM93 |
| 0.19% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $298,290.21 | 283,000 | BR2NN28 |
| 0.18% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $292,986.72 | 296,000 | BNTBJ41 |
| 0.18% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $288,688.20 | 293,000 | BSKP420 |
| 0.17% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $280,973.77 | 282,000 | BVRTP89 |
| 0.17% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $272,760.69 | 401,000 | BP9LWV3 |
| 0.16% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $263,696.91 | 261,000 | BP812N6 |
| 0.16% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $255,084.13 | 239,000 | BMCMQL0 |
| 0.15% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $237,273.02 | 237,000 | BMD14K1 |
| 0.15% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $236,380.86 | 235,000 | BN765Z1 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $221,865.25 | 233,000 | BMD9BZ9 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $208,006.07 | 202,000 | BSD6D23 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $192,210.14 | 183,000 | BPK4TG5 |
| 0.12% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $191,108.96 | 188,000 | BQ3QRD8 |
| 0.10% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $162,933.31 | 177,000 | BM9SD09 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $141,637.14 | 135,000 | BNKBFF3 |
| 0.08% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $132,160.00 | 472,000 | BPGM651 |
| 0.07% | -- | FRONTIER COMMUNICATIONS HOLDINGS LLC CALLABLE NOTES FIXED 6% 15/JAN/2030 USD 1000 | -- | -- | -- | $110,844.50 | 109,000 | -- |
| 0.07% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $110,056.10 | 109,000 | BPP2DX9 |
| 0.07% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $108,406.99 | 110,000 | BNM5Z19 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $81,072.30 | 79,000 | BS88ZW8 |
| 0.04% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $69,647.53 | 66,000 | BSNZ6B0 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,575.79 | 13,000 | BPH25H5 |
| -13.21% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2026 TYH6 COMDTY | -- | -- | -21,250,688 | -- | -189 | -- |
| -34.14% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2026 TUH6 COMDTY | -- | -- | -54,911,523 | -- | -263 | -- |
| -45.73% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2026 FVH6 COMDTY | -- | -- | -73,562,055 | -- | -673 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,779,320.85 | 7,779,321 | -- |
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
2026
- 2026
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
Rising Rates Insights and Research
The Current Case for a Rate Hedged Bond Strategy
Even a minor rise in interest rates drags on corporate bond returns. Interest rate hedged strategies target zero rate risk while maintaining return potential.
Read More