HYHG invests in a portfolio of high-yield corporate bonds, while seeking to hedge against the potential negative impact of rising interest rates.
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Documents & Downloads
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Performance
Growth of $10,000
Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Month-End Total Returns as of 9/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.90% | 2.08% | 5.24% | 4.48% | 7.58% | 11.06% | 7.79% | 5.99% | 4.09% | 05/21/2013 |
| HYHG Market Price | 1.01% | 2.31% | 5.37% | 4.15% | 7.69% | 11.19% | 7.92% | 6.03% | 4.12% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.01% | 2.32% | 5.63% | 4.98% | 8.07% | 11.54% | 8.25% | 6.65% | 4.80% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.90% | 2.08% | 5.24% | 4.48% | 7.58% | 11.06% | 7.79% | 5.99% | 4.09% | 05/21/2013 |
| HYHG Market Price | 1.01% | 2.31% | 5.37% | 4.15% | 7.69% | 11.19% | 7.92% | 6.03% | 4.12% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.01% | 2.32% | 5.63% | 4.98% | 8.07% | 11.54% | 8.25% | 6.65% | 4.80% | -- |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
About the Fund
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 9/30/2025- Number of Companies 222
- Net Effective Duration -0.07
Price
as of 11/05/2025- NAV $64.21
- NAV Change $+0.17
- Market Price $64.06
- Market Price Change $+0.12
- Trading Volume (M) 25,411
- 30-Day Median Bid Ask Spread 0.42%
- View Premium / Discount
Distributions
as of 9/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.38%
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 9/30/2025- Number of Companies 222
- Net Effective Duration -0.07
Price
as of 11/05/2025- NAV $64.21
- NAV Change $+0.17
- Market Price $64.06
- Market Price Change $+0.12
- Trading Volume (M) 25,411
- 30-Day Median Bid Ask Spread 0.42%
- View Premium / Discount
Distributions
as of 9/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.38%
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 11/05/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.46% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,467,800.05 | 2,385,000 | BPH26F0 |
| 1.28% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,151,630.55 | 2,167,000 | BMWDGR9 |
| 1.25% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,114,207.12 | 2,109,000 | BN2QTP4 |
| 1.19% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,010,394.56 | 1,824,000 | BR54DP1 |
| 1.15% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,939,832.24 | 1,906,000 | BV4K8M0 |
| 1.07% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,797,246.88 | 1,760,000 | BT7MYF4 |
| 0.98% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,651,374.46 | 2,066,000 | BTPF2W8 |
| 0.97% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,642,000.34 | 1,602,000 | BNM6H94 |
| 0.92% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,545,650.03 | 1,445,000 | BP2F579 |
| 0.89% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,506,364.78 | 1,458,000 | BQ67HZ0 |
| 0.89% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,495,081.23 | 1,434,000 | BS9G792 |
| 0.87% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,464,611.19 | 1,385,000 | BP6GPK1 |
| 0.86% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,443,067.99 | 1,440,000 | BM8H783 |
| 0.85% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,439,174.40 | 1,380,000 | BNBTNV8 |
| 0.84% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,410,734.54 | 1,382,000 | BRK4301 |
| 0.78% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,321,538.75 | 1,283,000 | BS2FMQ8 |
| 0.78% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,321,285.08 | 1,290,000 | BPLP3M1 |
| 0.76% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,281,058.56 | 1,220,000 | BQB9NW0 |
| 0.74% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,252,639.19 | 1,210,000 | BNZG7Q8 |
| 0.73% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,234,519.50 | 1,250,000 | BRXZ215 |
| 0.71% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,202,782.77 | 1,134,000 | BL6CM66 |
| 0.71% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,201,444.92 | 1,170,000 | BRJQLF9 |
| 0.71% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,200,269.24 | 1,179,000 | BSHT8Y5 |
| 0.71% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,194,838.63 | 1,223,000 | BMVXSB8 |
| 0.70% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,187,624.71 | 1,347,000 | BMBVFS8 |
| 0.70% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,183,665.80 | 1,134,000 | BTCCGD1 |
| 0.69% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,166,132.40 | 1,180,000 | BQKN5B6 |
| 0.68% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,154,197.60 | 1,096,000 | BV5GRT7 |
| 0.68% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,145,066.33 | 1,138,000 | BM8K6S5 |
| 0.67% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,135,473.38 | 1,100,000 | BRSF6F2 |
| 0.67% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,132,516.21 | 1,133,000 | BPVDS42 |
| 0.67% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,129,026.12 | 1,087,000 | BVDKGM7 |
| 0.66% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,107,041.07 | 1,145,000 | BMBJVY0 |
| 0.65% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,102,011.42 | 1,030,000 | BQ80PR5 |
| 0.64% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,081,467.04 | 1,073,000 | BV6KVR4 |
| 0.62% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,044,339.77 | 1,032,000 | BV99DS3 |
| 0.62% | -- | JANE STREET GROUP / JSG FINANCE INC CALLABLE BOND FIXED 6.75% 01/MAY/2033 USD 1000 | -- | -- | -- | $1,038,929.00 | 1,000,000 | -- |
| 0.61% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $1,033,335.12 | 976,000 | BRQPKY1 |
| 0.61% | -- | WULF COMPUTE LLC CALLABLE NOTES FIXED 7.75% 15/OCT/2030 USD 1000 | -- | -- | -- | $1,031,501.38 | 1,000,000 | -- |
| 0.61% | -- | TALEN ENERGY SUPPLY LLC CALLABLE NOTES FIXED 6.5% 01/FEB/2036 USD 1000 | -- | -- | -- | $1,029,405.84 | 1,000,000 | -- |
| 0.61% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,029,060.54 | 1,006,000 | BS2FZM5 |
| 0.60% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $1,019,045.82 | 989,000 | BT7HYL5 |
| 0.60% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,015,565.72 | 1,044,000 | BNW2059 |
| 0.60% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,013,064.87 | 1,041,000 | BN7SNC0 |
| 0.60% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,011,338.08 | 1,018,000 | BVF9138 |
| 0.59% | -- | NRG ENERGY INC CALLABLE NOTES FIXED 5.75% 15/JAN/2034 USD 1000 | -- | -- | -- | $1,001,518.00 | 1,000,000 | -- |
| 0.59% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $994,264.14 | 999,000 | BSMMD99 |
| 0.59% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $989,566.47 | 945,000 | BQ2KRF3 |
| 0.58% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $983,392.22 | 976,000 | BNTZ4D7 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $970,431.22 | 937,000 | BQMJ1N6 |
| 0.56% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $947,796.58 | 1,039,000 | BRJHSK6 |
| 0.55% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $922,760.62 | 892,000 | BS6S7M4 |
| 0.55% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $922,136.63 | 897,000 | BRT75V6 |
| 0.53% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $900,533.06 | 886,000 | BQT2NG5 |
| 0.53% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $889,293.74 | 852,000 | BPG22V9 |
| 0.51% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $857,704.98 | 842,000 | BTTRMX1 |
| 0.50% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $843,914.00 | 821,000 | BVDKGL6 |
| 0.50% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $840,113.59 | 868,000 | BQ9D885 |
| 0.50% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $839,405.00 | 815,000 | BMZBL86 |
| 0.50% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $837,515.99 | 801,000 | BVK4MV3 |
| 0.49% | -- | ALTICE FRANCE SA CALLABLE NOTES FIXED 6.5% 15/MAR/2032 USD 1 | -- | -- | -- | $826,977.60 | 859,000 | -- |
| 0.49% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $824,962.19 | 847,000 | BNHS096 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $824,133.34 | 799,000 | BNDQTF3 |
| 0.48% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $812,305.00 | 826,000 | BJNPGH3 |
| 0.48% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $810,453.88 | 827,000 | BRXCZB7 |
| 0.48% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $806,323.09 | 889,000 | BNNPV76 |
| 0.48% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $803,250.07 | 782,000 | BM8K1F7 |
| 0.46% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $778,934.49 | 761,000 | BR4XVS8 |
| 0.46% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $778,264.22 | 1,002,000 | BRBCV11 |
| 0.45% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $756,206.25 | 750,000 | BT9NKJ1 |
| 0.44% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $749,970.59 | 900,000 | BMVZMH8 |
| 0.44% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $746,869.17 | 737,000 | BPW9BQ2 |
| 0.44% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $743,456.20 | 748,000 | BQ1PCD2 |
| 0.44% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $736,728.92 | 750,000 | BRT7X56 |
| 0.43% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $732,712.40 | 777,000 | BMV1LQ8 |
| 0.43% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $728,540.99 | 769,000 | BNDLGZ7 |
| 0.43% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $724,720.80 | 724,000 | BNRNCC8 |
| 0.43% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $723,785.51 | 695,000 | BRBCTZ1 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $721,942.43 | 701,000 | BPG27W5 |
| 0.43% | -- | ADT SECURITY CORP/THE CALLABLE BOND FIXED 5.875% 15/OCT/2033 USD 1000 | -- | -- | -- | $721,707.82 | 717,000 | -- |
| 0.42% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $715,538.67 | 685,000 | BSNQ215 |
| 0.42% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $713,142.23 | 675,000 | BNQQSS6 |
| 0.42% | -- | WEATHERFORD INTERNATIONAL LTD CALLABLE NOTES FIXED 6.75% 15/OCT/2033 USD 1000 | -- | -- | -- | $707,201.96 | 694,000 | -- |
| 0.42% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $701,199.66 | 682,000 | BMF9C65 |
| 0.41% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $698,716.13 | 675,000 | BMVXP62 |
| 0.41% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $697,052.77 | 684,000 | BTXQV60 |
| 0.41% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $694,699.85 | 686,000 | BVMDN60 |
| 0.41% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $683,587.18 | 677,000 | BP812N6 |
| 0.40% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $682,261.25 | 649,000 | BTCK903 |
| 0.40% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $675,650.96 | 702,000 | BQTWXH6 |
| 0.40% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $672,964.44 | 657,000 | BQXJKM7 |
| 0.40% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $672,944.83 | 646,000 | BLC8Z03 |
| 0.40% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $671,748.07 | 692,000 | BS89C64 |
| 0.40% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $667,616.59 | 641,000 | BS9C5X0 |
| 0.39% | -- | OLYMPUS WATER US HOLDING CORP CALLABLE NOTES FIXED 7.25% 15/FEB/2033 USD 1000 | -- | -- | -- | $663,206.81 | 675,000 | -- |
| 0.39% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $663,174.36 | 618,000 | BS88506 |
| 0.39% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $659,246.14 | 628,000 | BLDCTF7 |
| 0.39% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $659,095.05 | 679,000 | BNHT925 |
| 0.39% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $657,380.68 | 671,000 | BQ3QRD8 |
| 0.38% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $648,565.66 | 618,000 | BV1C948 |
| 0.38% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $642,965.05 | 711,000 | BM94BT2 |
| 0.37% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $629,758.66 | 665,000 | BPVBYZ9 |
| 0.37% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $628,719.57 | 653,000 | BLC9L19 |
| 0.37% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $626,646.12 | 701,000 | BN6JYJ8 |
| 0.37% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $623,861.64 | 610,000 | BQB88K0 |
| 0.36% | -- | VIKING CRUISES LTD CALLABLE NOTES FIXED 5.875% 15/OCT/2033 USD 1000 | -- | -- | -- | $610,790.92 | 605,000 | -- |
| 0.36% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $609,443.12 | 627,000 | BS6V604 |
| 0.36% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $608,421.63 | 609,000 | BPP2DX9 |
| 0.35% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $596,570.80 | 581,000 | BPX27Q2 |
| 0.35% | -- | NRG 6 01/15/36 | -- | -- | -- | $596,469.11 | 591,000 | -- |
| 0.35% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $590,276.05 | 569,000 | BMCGQM3 |
| 0.35% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $589,571.09 | 767,000 | BMV1L02 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $584,027.96 | 556,000 | BNRPV83 |
| 0.34% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $580,578.83 | 630,000 | BP7LR98 |
| 0.34% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2027 | -- | $579,642.24 | 598,000 | BNHV2Z5 |
| 0.34% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $578,920.90 | 576,000 | BS84LN9 |
| 0.34% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $577,297.41 | 527,000 | BR1YST4 |
| 0.34% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $575,054.84 | 546,000 | BT3NFD6 |
| 0.34% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $574,416.02 | 546,000 | BMGC188 |
| 0.34% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $566,923.78 | 550,000 | BVK4BV6 |
| 0.33% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $558,877.55 | 536,000 | BRC2671 |
| 0.33% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $558,269.59 | 556,000 | BQB7JV5 |
| 0.33% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $556,846.32 | 550,000 | BP946X2 |
| 0.33% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $554,345.33 | 539,000 | BLB3TG3 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $548,853.37 | 529,000 | BR2NN28 |
| 0.32% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $544,256.03 | 592,000 | BPLFC68 |
| 0.32% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $544,227.39 | 505,000 | BRCDDH3 |
| 0.32% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $543,758.25 | 525,000 | BTJS1V5 |
| 0.32% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $541,669.92 | 519,000 | BNRPLW7 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $530,517.43 | 563,000 | BS3BCF4 |
| 0.31% | -- | NISSAN MOTOR ACCEPTANCE CO LLC CALLABLE MEDIUM TERM NOTE FIXED 6.125% 30/SEP/2030 USD 1000 | -- | -- | -- | $529,546.72 | 536,000 | -- |
| 0.31% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $529,102.50 | 564,000 | BS6RJF8 |
| 0.31% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $528,884.20 | 520,000 | BMC94W8 |
| 0.31% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $525,109.79 | 529,000 | BMW2W01 |
| 0.31% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $522,354.10 | 532,000 | BM9PWX6 |
| 0.31% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $521,771.00 | 500,000 | BMVXP51 |
| 0.31% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $521,426.50 | 500,000 | BNKBFF3 |
| 0.31% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $520,383.56 | 506,000 | BM8SW92 |
| 0.31% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $519,402.75 | 513,000 | BQ68CL4 |
| 0.31% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $519,011.55 | 473,000 | BR1H4Z1 |
| 0.31% | -- | CELANESE US HOLDINGS LLC | 6.67% | 07/15/2027 | -- | $517,190.70 | 506,000 | BP9RBF8 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $514,185.00 | 500,000 | BMGDND0 |
| 0.30% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $512,376.00 | 500,000 | BPSQQR3 |
| 0.30% | -- | AMERICAN AXLE & MANUFACTURING INC CALLABLE NOTES FIXED 7.75% 15/OCT/2033 USD 1000 | -- | -- | -- | $512,080.42 | 511,000 | -- |
| 0.30% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $511,816.08 | 503,000 | BRRG7V9 |
| 0.30% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $510,000.00 | 500,000 | BVZMLG0 |
| 0.30% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $506,241.46 | 500,000 | BVK50T0 |
| 0.30% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $503,788.92 | 527,000 | BT7JWZ1 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $503,787.36 | 489,000 | BT3CPW2 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $501,645.87 | 495,000 | BN6MM59 |
| 0.30% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $499,051.45 | 481,000 | BPK4CP5 |
| 0.29% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $497,250.13 | 485,000 | BP092B6 |
| 0.29% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $495,743.44 | 542,000 | BLDBLN6 |
| 0.29% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $495,045.00 | 500,000 | BMW2F91 |
| 0.29% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $494,192.78 | 521,000 | BN6KWY2 |
| 0.29% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $492,140.62 | 496,000 | BQT3JM6 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $491,767.31 | 450,000 | BR1YSV6 |
| 0.29% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $490,691.93 | 501,000 | BN0ZRZ9 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $481,889.11 | 464,000 | BQKRVC1 |
| 0.29% | -- | ION PLATFORM FINANCE US INC CALLABLE NOTES FIXED 7.875% 30/SEP/2032 USD 1000 | -- | -- | -- | $481,249.92 | 500,000 | -- |
| 0.28% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $480,187.15 | 467,000 | BMCGQ56 |
| 0.28% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $479,135.14 | 466,000 | BTTRLD4 |
| 0.28% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $477,130.50 | 459,000 | BMW2FL3 |
| 0.28% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $476,411.57 | 490,000 | BVRTP89 |
| 0.28% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $475,227.56 | 483,000 | BM8H4Y8 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $470,555.56 | 495,000 | BMH29D8 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,588.70 | 450,000 | BR53N25 |
| 0.28% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $465,922.52 | 492,000 | BMY8TS4 |
| 0.28% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $465,602.87 | 455,000 | BQ2KRD1 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $464,986.69 | 450,000 | BP5JP78 |
| 0.28% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $464,402.66 | 465,000 | BMD14K1 |
| 0.27% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $458,161.15 | 471,000 | BNM5Z19 |
| 0.27% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $456,206.81 | 426,000 | BMZMHS1 |
| 0.27% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $449,249.31 | 613,000 | BMWT6D3 |
| 0.27% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $448,870.01 | 442,000 | BRK14M1 |
| 0.27% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $448,065.70 | 441,000 | BPLL6H5 |
| 0.27% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $447,249.89 | 495,807 | BMDB423 |
| 0.26% | -- | WINDSTREAM SERVICES LLC CALLABLE NOTES FIXED 7.5% 15/OCT/2033 USD 1000 | -- | -- | -- | $446,080.32 | 441,000 | -- |
| 0.26% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $438,293.36 | 459,000 | BMT7QC9 |
| 0.26% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $438,164.74 | 436,000 | BN95KZ1 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $437,513.76 | 443,000 | BMHBB51 |
| 0.26% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $433,564.29 | 473,000 | BKPJT48 |
| 0.26% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $433,152.18 | 442,000 | BMXHJH1 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $432,700.96 | 452,000 | BP4Z8H8 |
| 0.25% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $426,348.39 | 451,000 | BSKP420 |
| 0.25% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $425,812.82 | 427,000 | BL54J73 |
| 0.25% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $424,771.62 | 420,000 | BSVLRC8 |
| 0.25% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $421,296.78 | 422,000 | BMF4PS3 |
| 0.25% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $421,245.69 | 412,000 | BP4YGK4 |
| 0.25% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $418,167.16 | 399,000 | BMJ0LG7 |
| 0.24% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $412,593.26 | 388,000 | BSNZ6B0 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $406,820.79 | 416,000 | BNKFMN2 |
| 0.24% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $403,602.34 | 383,000 | BPBRSM2 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $396,826.30 | 383,000 | BP092P0 |
| 0.23% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $395,567.02 | 422,000 | BP83D39 |
| 0.23% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $393,703.93 | 424,000 | BNKLFF3 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $392,660.86 | 382,000 | BRBVMG0 |
| 0.23% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $391,575.59 | 382,000 | BRBDSH9 |
| 0.23% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $388,167.34 | 376,000 | BRT7527 |
| 0.23% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $386,142.97 | 394,000 | BMBV4H0 |
| 0.22% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $379,191.90 | 431,000 | BRPT5J4 |
| 0.22% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $378,532.80 | 485,000 | BMH8323 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $366,877.53 | 349,000 | BS7XRZ1 |
| 0.21% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $354,312.61 | 385,000 | BMX50K5 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $352,070.02 | 347,000 | BMXHQ92 |
| 0.21% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $349,654.23 | 354,000 | BM9YJB0 |
| 0.21% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $349,188.19 | 581,000 | BMY0HH5 |
| 0.21% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $348,458.16 | 343,000 | BP091F3 |
| 0.20% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $332,189.29 | 491,000 | BM93J39 |
| 0.19% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $320,414.18 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $313,985.64 | 301,000 | BMJ0L90 |
| 0.18% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $304,064.44 | 297,000 | BRZWYJ6 |
| 0.18% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $301,248.86 | 300,000 | BTPH0K8 |
| 0.18% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $298,477.26 | 300,000 | BVSYM93 |
| 0.17% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $294,500.30 | 500,000 | BNQPRV9 |
| 0.17% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $292,144.16 | 296,000 | BNTBJ41 |
| 0.17% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $282,058.55 | 401,000 | BP9LWV3 |
| 0.16% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $264,468.38 | 258,000 | BV0YZ47 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $257,073.45 | 285,000 | BM9SD09 |
| 0.15% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $255,137.35 | 239,000 | BMCMQL0 |
| 0.14% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $235,850.72 | 228,000 | BVF9246 |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $234,693.40 | 235,000 | BN765Z1 |
| 0.13% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $218,937.01 | 233,000 | BMD9BZ9 |
| 0.12% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $194,137.15 | 192,000 | BVYL9V9 |
| 0.11% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $192,904.88 | 183,000 | BPK4TG5 |
| 0.11% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $190,519.67 | 184,000 | BPH25H5 |
| 0.07% | -- | HERC HOLDINGS INC | 7.00% | 06/15/2030 | -- | $114,956.60 | 110,000 | BV5GRS6 |
| 0.04% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $64,947.39 | 64,000 | BPLPFQ9 |
| 0.03% | -- | LEVEL 3 FINANCING INC | 7.00% | 03/31/2034 | -- | $51,103.16 | 50,000 | BV6KVQ3 |
| 0.03% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $43,095.00 | 169,000 | BQWNRK7 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -13.66% | -- | US 10YR NOTE (CBT) BOND 19/DEC/2025 TYZ5 COMDTY | -- | -- | -23,027,266 | -- | -205 | -- |
| -37.04% | -- | US 2YR NOTE (CBT) BOND 31/DEC/2025 TUZ5 COMDTY | -- | -- | -62,442,188 | -- | -300 | -- |
| -44.68% | -- | US 5YR NOTE (CBT) BOND 31/DEC/2025 FVZ5 COMDTY | -- | -- | -75,313,602 | -- | -691 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,700,407.76 | 7,700,408 | -- |
Index
as of 9/30/2025
- Total Number of Issues246
- Long Portfolio Duration3.25
- Net Effective Duration0.06
- Long Portfolio Yield7.28
- Net Index Yield7.56
About the Index
The FTSE High Yield Treasury Rate Hedged Index is designed to measure the performance of high yield debt of U.S. and Canadian companies. The Index measures the performance of two positions: (1) a long position in high-yield corporate bonds; and (2) a duration matched short position in U.S. Treasury bonds.
Distributions
For
2025
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
Rising Rates Insights and Research
The Current Case for a Rate Hedged Bond Strategy
Even a minor rise in interest rates drags on corporate bond returns. Interest rate hedged strategies target zero rate risk while maintaining return potential.
Read More