IGHG
Investment Grade—Interest Rate Hedged
Why Invest in IGHG?
-
Provides the return potential of a diversified portfolio of investment grade 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.
Why Invest in IGHG?
-
Provides the return potential of a diversified portfolio of investment grade 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
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
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
IGHG Market Price | 0.84% | 2.15% | 6.61% | 3.22% | 13.08% | 4.43% | 4.14% | 2.95% | 3.23% | 11/05/2013 |
IGHG NAV | 1.05% | 1.92% | 6.56% | 3.44% | 13.27% | 4.36% | 4.12% | 3.05% | 3.24% | 11/05/2013 |
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.96% | 2.05% | 7.10% | 3.53% | 13.66% | 5.00% | 4.51% | 3.37% | 3.61% | -- |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
IGHG Market Price | 1.09% | 2.36% | 6.06% | 2.36% | 12.18% | 3.69% | 4.31% | 2.92% | 3.18% | 11/05/2013 |
IGHG NAV | 0.84% | 2.37% | 5.67% | 2.37% | 12.69% | 4.00% | 4.31% | 2.99% | 3.17% | 11/05/2013 |
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.88% | 2.55% | 6.33% | 2.55% | 13.30% | 4.77% | 4.72% | 3.32% | 3.54% | -- |
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 IGHG
- Intraday Ticker IGHG.IV
- CUSIP 74347B607
- Inception Date 11/5/13
- Expense Ratio 0.30%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 4/30/2024- Number of Companies 195
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- Weighted Average Yield to
Maturity5.53% - Net Effective Duration 0.34%
Price
as of 5/17/2024- NAV $76.74
- NAV Change $+0.05
- Market Price $76.80
- Market Price Change $+0.17
- Trading Volume (M) 15,462
- 30-Day Median Bid Ask Spread 0.14%
- View Premium / Discount
Snapshot
- Ticker IGHG
- Intraday Ticker IGHG.IV
- CUSIP 74347B607
- Inception Date 11/5/13
- Unitary Expense Ratio 0.30%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 4/30/2024- Number of Companies 195
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Distribution Yield --
Distribution Yield represents the annualized yield based on the last income distribution.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- Weighted Average Yield to Maturity 5.53%
- Net Effective Duration 0.34%
Price
as of 5/17/2024- NAV $76.74
- NAV Change $+0.05
- Market Price $76.80
- Market Price Change $+0.17
- Trading Volume (M) 15,462
- 30-Day Median Bid Ask Spread 0.14%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 5/17/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.75% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $5,186,679.54 | 4,829,000 | B43DYH8 |
1.60% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $4,717,976.62 | 5,475,000 | BYM4WR8 |
1.56% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $4,617,978.07 | 4,548,000 | B43XY12 |
1.48% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $4,377,129.62 | 4,094,000 | B2QR213 |
1.42% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $4,183,039.75 | 5,357,000 | BVVCSF2 |
1.28% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $3,786,795.45 | 3,596,000 | B6T0187 |
1.26% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $3,721,018.19 | 3,148,000 | B65HZL3 |
1.25% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $3,705,676.16 | 3,474,000 | B4YDXD6 |
1.23% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $3,636,846.76 | 3,731,000 | BJTGHH7 |
1.21% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $3,578,445.80 | 3,417,000 | B1SBFX9 |
1.16% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $3,437,012.66 | 4,078,000 | B8C0348 |
1.07% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $3,166,599.86 | 2,848,000 | B39F3N0 |
1.05% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $3,099,742.26 | 3,507,000 | BYQ29R7 |
1.03% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $3,039,719.06 | 2,894,000 | B24FY35 |
1.02% | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $3,028,731.79 | 3,712,000 | BFY97C8 |
0.99% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $2,935,477.61 | 2,671,000 | BCRXKM7 |
0.99% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $2,932,602.16 | 2,770,000 | B1L80H6 |
0.99% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $2,921,114.86 | 2,635,000 | B2RDM21 |
0.98% | -- | BANCO SANTANDER SA | 6.92% | 08/08/2033 | -- | $2,909,052.76 | 2,776,000 | BRF3T49 |
0.96% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $2,831,195.83 | 3,617,000 | BD3RRJ6 |
0.91% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $2,677,768.39 | 2,998,000 | BZ3FFJ0 |
0.89% | -- | RTX CORP | 4.50% | 06/01/2042 | -- | $2,632,722.55 | 3,013,000 | B86VSX1 |
0.88% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $2,612,822.25 | 2,787,000 | BF6DYK5 |
0.87% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $2,557,871.94 | 2,965,000 | BYRLSF4 |
0.84% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $2,489,094.99 | 2,611,000 | BYT35M4 |
0.83% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $2,456,171.35 | 2,943,000 | BKSJPV4 |
0.81% | -- | CITIGROUP INC | 4.75% | 05/18/2046 | -- | $2,397,016.78 | 2,748,000 | BDGLCL2 |
0.79% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $2,321,383.61 | 2,812,000 | BM9K8M2 |
0.78% | -- | SUMITOMO MITSUI FINL GRP | 5.71% | 01/13/2030 | -- | $2,304,001.00 | 2,259,000 | BNM9D17 |
0.78% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $2,295,094.87 | 2,183,000 | B1HMKF0 |
0.77% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $2,263,995.37 | 2,204,000 | B287YY8 |
0.77% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $2,263,642.30 | 2,388,000 | BY58YT3 |
0.76% | -- | SPRINT CAPITAL CORP | 8.75% | 03/15/2032 | -- | $2,243,842.90 | 1,869,000 | 2964029 |
0.74% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $2,181,423.64 | 1,975,000 | B3KFDY0 |
0.73% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $2,151,340.35 | 2,404,000 | BF04KW8 |
0.72% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $2,118,300.79 | 2,330,000 | BYZYSL1 |
0.72% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $2,115,007.92 | 1,860,000 | B242VX5 |
0.72% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $2,114,296.85 | 2,395,000 | BCZM189 |
0.70% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $2,083,813.99 | 2,001,000 | B62V507 |
0.70% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $2,076,893.69 | 1,890,000 | B3LVPV8 |
0.69% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $2,026,120.94 | 1,696,000 | B2RFJL5 |
0.68% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $2,021,180.74 | 1,844,000 | B57GT08 |
0.68% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $2,019,827.60 | 2,126,000 | B62X8Y8 |
0.67% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $1,984,809.66 | 2,108,000 | BF22PM5 |
0.67% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $1,983,800.48 | 1,815,000 | B170DG6 |
0.66% | -- | JOHN DEERE CAPITAL CORP | 5.15% | 09/08/2033 | -- | $1,941,531.13 | 1,925,000 | BNSP609 |
0.65% | -- | VERIZON COMMUNICATIONS | 4.81% | 03/15/2039 | -- | $1,913,649.23 | 2,055,000 | BDFLJN4 |
0.64% | -- | ROYAL BANK OF CANADA | 5.15% | 02/01/2034 | -- | $1,877,842.71 | 1,898,000 | BRF20R6 |
0.63% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $1,864,102.79 | 1,728,000 | B2RK1T2 |
0.63% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $1,848,651.58 | 1,843,000 | BP8Y7Q3 |
0.62% | -- | TORONTO-DOMINION BANK | 4.46% | 06/08/2032 | -- | $1,840,272.53 | 1,950,000 | BQB7JS2 |
0.60% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $1,771,981.52 | 2,036,000 | BMD7ZZ1 |
0.59% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $1,751,113.25 | 1,861,000 | BL98SN0 |
0.58% | -- | FORD MOTOR COMPANY | 7.45% | 07/16/2031 | -- | $1,728,119.97 | 1,609,000 | 5733992 |
0.58% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $1,723,080.79 | 2,186,000 | BKVJXB7 |
0.58% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $1,706,410.33 | 1,563,000 | B1Z54W6 |
0.58% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $1,702,726.51 | 1,775,000 | BG3KW02 |
0.58% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $1,700,450.61 | 1,556,000 | B2NP6Q3 |
0.57% | -- | OCCIDENTAL PETROLEUM COR | 6.45% | 09/15/2036 | -- | $1,672,475.81 | 1,594,000 | BK8VN61 |
0.56% | -- | UBS GROUP AG | 4.88% | 05/15/2045 | -- | $1,649,611.40 | 1,802,000 | BPX2D53 |
0.56% | -- | CONOCOPHILLIPS | 6.50% | 02/01/2039 | -- | $1,642,007.21 | 1,485,000 | B4T4431 |
0.55% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $1,631,749.68 | 1,747,000 | B92PSY5 |
0.55% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $1,619,856.30 | 1,555,000 | B1FTHZ2 |
0.54% | -- | MERCEDES-BENZ FIN NA | 8.50% | 01/18/2031 | -- | $1,605,446.21 | 1,341,000 | B065ZJ2 |
0.53% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $1,575,384.69 | 1,540,000 | B7RB2F3 |
0.53% | -- | PARAMOUNT GLOBAL | 4.38% | 03/15/2043 | -- | $1,563,944.95 | 2,304,000 | BCHWWF1 |
0.52% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $1,546,127.11 | 1,725,000 | BJZ7ZQ9 |
0.52% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $1,536,831.07 | 2,181,000 | BLD9486 |
0.52% | -- | METLIFE INC | 4.88% | 11/13/2043 | -- | $1,535,885.92 | 1,675,000 | BGDXK74 |
0.52% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $1,535,030.76 | 1,713,000 | BXC5WP2 |
0.52% | -- | TIME WARNER CABLE LLC | 6.55% | 05/01/2037 | -- | $1,531,543.09 | 1,626,000 | B28WMV6 |
0.52% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $1,523,799.39 | 1,638,000 | BLTZ7Y5 |
0.51% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $1,514,224.27 | 1,349,000 | BKPTBZ3 |
0.50% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $1,490,808.89 | 1,622,000 | BXC5W85 |
0.49% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $1,441,588.97 | 1,751,000 | B944GF7 |
0.48% | -- | ECOPETROL SA | 5.88% | 05/28/2045 | -- | $1,409,109.30 | 1,922,000 | BMQXLW5 |
0.47% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $1,396,508.61 | 1,325,000 | B13VN63 |
0.46% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $1,368,055.63 | 1,694,000 | BN6LYH2 |
0.46% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 08/04/2045 | -- | $1,362,426.68 | 1,417,000 | BYWZXG7 |
0.46% | -- | SUMITOMO MITSUI FINL GRP | 6.18% | 07/13/2043 | -- | $1,356,995.93 | 1,243,000 | BRF2J57 |
0.45% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $1,329,669.70 | 1,160,000 | B2PHBR3 |
0.45% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $1,327,688.77 | 1,412,000 | BDCMR69 |
0.45% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $1,319,741.60 | 1,589,000 | BL69JN3 |
0.45% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $1,318,698.90 | 1,161,000 | 4474021 |
0.44% | -- | BANCO SANTANDER SA | 6.94% | 11/07/2033 | -- | $1,310,038.26 | 1,200,000 | BQ6C3K2 |
0.44% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $1,290,569.61 | 1,186,000 | B283338 |
0.43% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $1,259,376.93 | 1,314,000 | BYTRVR3 |
0.43% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $1,256,572.43 | 1,406,000 | BLB6SW1 |
0.42% | -- | COCA-COLA CO/THE | 2.25% | 01/05/2032 | -- | $1,243,131.16 | 1,483,000 | BLF8XX9 |
0.42% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $1,240,728.52 | 1,478,000 | BKFH1R9 |
0.42% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $1,239,542.79 | 1,319,000 | B819DG8 |
0.42% | -- | SUMITOMO MITSUI FINL GRP | 5.77% | 01/13/2033 | -- | $1,236,652.27 | 1,201,000 | BMTX144 |
0.42% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $1,236,066.60 | 1,151,000 | B1YLTG4 |
0.42% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $1,233,669.09 | 1,248,000 | BWXV3J3 |
0.42% | -- | UNITED AIR 2023-1 A PTT | 5.80% | 01/15/2036 | -- | $1,230,255.20 | 1,223,000 | -- |
0.41% | -- | COCA-COLA CO/THE | 3.00% | 03/05/2051 | -- | $1,224,217.01 | 1,794,000 | BNTDCD7 |
0.40% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $1,191,186.08 | 1,088,000 | 2859233 |
0.40% | -- | TIME WARNER CABLE ENTRMN | 8.38% | 07/15/2033 | -- | $1,183,092.80 | 1,068,000 | 2727266 |
0.40% | -- | IBM CORP | 4.00% | 06/20/2042 | -- | $1,181,667.18 | 1,441,000 | B8J5PR3 |
0.40% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $1,174,461.96 | 1,354,000 | BNG28J5 |
0.39% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $1,155,262.22 | 1,151,000 | BGYY0D2 |
0.39% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $1,150,637.43 | 1,094,000 | B1Z7WM8 |
0.38% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $1,123,936.24 | 1,202,000 | BKJL6Z0 |
0.38% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $1,119,696.45 | 1,209,000 | BYNWXZ6 |
0.38% | -- | CNOOC PETROLEUM NORTH | 6.40% | 05/15/2037 | -- | $1,117,505.58 | 995,000 | B1WV0T6 |
0.38% | -- | HP INC | 6.00% | 09/15/2041 | -- | $1,111,889.99 | 1,086,000 | B5V6LS6 |
0.37% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $1,106,171.36 | 992,000 | B24FYQ8 |
0.37% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $1,102,818.12 | 1,261,000 | BKY6S54 |
0.37% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $1,096,521.55 | 1,056,000 | B3RZKK8 |
0.37% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $1,092,337.49 | 1,044,000 | B1G7Y98 |
0.37% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $1,087,308.22 | 1,288,000 | BMFKVV6 |
0.37% | -- | BANK OF NOVA SCOTIA | 4.85% | 02/01/2030 | -- | $1,086,652.41 | 1,106,000 | BPP33C1 |
0.37% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $1,085,157.03 | 1,230,000 | BKRMRV8 |
0.37% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $1,082,155.29 | 993,000 | B2418B9 |
0.37% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $1,081,146.83 | 1,264,000 | B9D69N3 |
0.36% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $1,074,986.93 | 1,178,000 | B8Y96M2 |
0.36% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $1,071,412.79 | 1,000,000 | B39XY20 |
0.35% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $1,043,943.49 | 940,000 | B7N7040 |
0.35% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $1,040,406.14 | 887,000 | B2Q1497 |
0.35% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $1,034,116.12 | 973,000 | 7518926 |
0.35% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $1,025,172.81 | 1,027,000 | B44YJW0 |
0.34% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $998,395.87 | 1,283,000 | BFMYF65 |
0.34% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $990,388.28 | 1,052,000 | BYP6GR9 |
0.33% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $988,163.39 | 1,078,000 | BL66P03 |
0.33% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $987,576.99 | 1,161,000 | BMVPRG2 |
0.33% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $980,245.05 | 1,145,000 | BF2TMG9 |
0.33% | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $965,674.81 | 1,181,000 | BSHZYC3 |
0.33% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $960,771.38 | 1,049,000 | BMFVFK6 |
0.32% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $955,051.04 | 965,000 | BYZKXZ8 |
0.32% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $946,423.25 | 1,165,000 | BDB2XM8 |
0.32% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $944,500.83 | 984,000 | B57Y827 |
0.32% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $942,257.60 | 950,000 | B4TV238 |
0.32% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $937,559.44 | 961,000 | B5TZB18 |
0.32% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $935,108.40 | 1,017,000 | B82MC25 |
0.30% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $899,643.00 | 1,476,000 | BLN8Y83 |
0.30% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $898,629.56 | 1,062,000 | BBD6G92 |
0.30% | -- | HSBC HOLDINGS PLC | 4.95% | 03/31/2030 | -- | $896,833.14 | 915,000 | BLCC7J8 |
0.30% | -- | TOYOTA MOTOR CREDIT CORP | 5.55% | 11/20/2030 | -- | $884,907.24 | 863,000 | BP0VPB3 |
0.29% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $848,794.21 | 796,000 | 7392227 |
0.28% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $829,884.97 | 975,000 | B968SP1 |
0.28% | -- | ROYAL BANK OF CANADA | 5.00% | 02/01/2033 | -- | $828,082.62 | 842,000 | BQ3Q0J5 |
0.28% | -- | WYETH LLC | 5.95% | 04/01/2037 | -- | $827,005.47 | 784,000 | B1VQ7M4 |
0.28% | -- | JEFFERIES FIN GROUP INC | 4.15% | 01/23/2030 | -- | $825,870.24 | 892,000 | BD1DDP4 |
0.28% | -- | METLIFE INC | 5.70% | 06/15/2035 | -- | $824,329.05 | 798,000 | B0BXDC0 |
0.27% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $808,878.14 | 974,000 | BYYXY44 |
0.27% | -- | ELEVANCE HEALTH INC | 4.65% | 01/15/2043 | -- | $803,234.97 | 904,000 | B88F2Y0 |
0.27% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $792,499.62 | 921,000 | BFY9706 |
0.27% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $791,124.48 | 765,000 | B1VJP74 |
0.26% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $767,950.27 | 892,000 | B6Z7568 |
0.26% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $758,528.19 | 885,000 | B78K6L3 |
0.25% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $748,752.87 | 869,000 | BGLPFR7 |
0.25% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $740,908.75 | 711,000 | B1P61P1 |
0.25% | -- | JOHN DEERE CAPITAL CORP | 4.70% | 06/10/2030 | -- | $732,992.72 | 741,000 | BRBD8Z7 |
0.24% | -- | WELLS FARGO & COMPANY | 4.75% | 12/07/2046 | -- | $718,282.33 | 833,000 | BDSFRX9 |
0.24% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $716,507.12 | 882,000 | BNBYGX6 |
0.24% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $713,715.08 | 868,000 | BP8JVG6 |
0.24% | -- | FORD MOTOR COMPANY | 4.75% | 01/15/2043 | -- | $706,789.19 | 874,000 | B8H94Y7 |
0.24% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $697,842.68 | 821,000 | B8HK5Z8 |
0.23% | -- | UNITEDHEALTH GROUP INC | 4.75% | 07/15/2045 | -- | $687,997.01 | 750,000 | BYTRVP1 |
0.22% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $657,349.62 | 791,000 | BMWC8Z8 |
0.21% | -- | BANK OF AMERICA CORP | 5.00% | 01/21/2044 | -- | $634,495.05 | 667,000 | BJ3WDS4 |
0.20% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $599,064.88 | 645,000 | BM6NVC5 |
0.20% | -- | PRUDENTIAL FUNDING ASIA | 3.13% | 04/14/2030 | -- | $588,771.17 | 661,000 | BPJLBD8 |
0.19% | -- | MITSUBISHI UFJ FIN GRP | 2.56% | 02/25/2030 | -- | $567,160.69 | 654,000 | BKMGBW4 |
0.19% | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $551,140.44 | 610,000 | BCZQWS8 |
0.17% | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $508,889.70 | 580,000 | BSKDLG7 |
0.17% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $508,233.74 | 451,000 | 2836399 |
0.16% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $484,958.19 | 512,000 | B1G5DX9 |
0.16% | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $460,661.34 | 503,000 | BWC4YL2 |
0.15% | -- | SHELL INTERNATIONAL FIN | 4.38% | 05/11/2045 | -- | $432,213.48 | 498,000 | BXC5W74 |
0.14% | -- | SUMITOMO MITSUI FINL GRP | 2.22% | 09/17/2031 | -- | $420,182.44 | 517,000 | BMHLCZ8 |
0.13% | -- | WESTPAC BANKING CORP | 2.96% | 11/16/2040 | -- | $390,247.45 | 557,000 | BMX5050 |
0.13% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $387,857.49 | 550,000 | BKSJPT2 |
0.13% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $372,085.23 | 447,000 | BLPHW40 |
0.12% | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $363,010.75 | 431,000 | BM9CQB3 |
0.11% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $335,201.63 | 381,000 | BKBQ3G3 |
0.11% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $328,473.38 | 326,000 | B3B14R7 |
0.09% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $279,510.72 | 298,000 | BY8L4X3 |
0.09% | -- | WELLS FARGO & COMPANY | 4.65% | 11/04/2044 | -- | $275,121.55 | 319,000 | BS9FPF1 |
0.09% | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $261,492.79 | 300,000 | BYQNQH9 |
0.09% | -- | CISCO SYSTEMS INC | 5.50% | 01/15/2040 | -- | $254,020.77 | 248,000 | B596Q94 |
0.08% | -- | JPMORGAN CHASE & CO | 5.40% | 01/06/2042 | -- | $248,676.30 | 248,000 | B7FRRL4 |
0.08% | -- | JPMORGAN CHASE & CO | 4.85% | 02/01/2044 | -- | $234,664.88 | 250,000 | BJ62ZG3 |
0.08% | -- | CITIGROUP INC | 8.13% | 07/15/2039 | -- | $233,696.00 | 186,000 | B3Q88R1 |
0.08% | -- | SOUTHERN COPPER CORP | 5.25% | 11/08/2042 | -- | $230,053.90 | 248,000 | B8ZRND5 |
0.08% | -- | COCA-COLA CO/THE | 2.60% | 06/01/2050 | -- | $221,914.95 | 354,000 | BKSJPS1 |
0.07% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $194,861.06 | 215,000 | BYRLRK2 |
0.06% | -- | APPLE INC | 3.85% | 05/04/2043 | -- | $168,322.05 | 200,000 | B8HTMS7 |
0.05% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $161,270.61 | 184,000 | BK6WV73 |
0.05% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $148,689.69 | 137,000 | B29SN65 |
0.04% | -- | COCA-COLA CO/THE | 1.38% | 03/15/2031 | -- | $129,792.33 | 162,000 | BLR6S70 |
0.04% | -- | MORGAN STANLEY | 4.30% | 01/27/2045 | -- | $126,505.90 | 147,000 | BVJXZY5 |
0.04% | -- | TWDC ENTERPRISES 18 CORP | 4.13% | 06/01/2044 | -- | $106,932.51 | 127,000 | BN459D7 |
0.03% | -- | BHP BILLITON FIN USA LTD | 4.13% | 02/24/2042 | -- | $101,289.95 | 119,000 | B5NNJ47 |
0.03% | -- | ORACLE CORP | 6.13% | 07/08/2039 | -- | $85,907.58 | 83,000 | B3LR141 |
0.01% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $41,161.34 | 46,000 | BMMB3K5 |
0.01% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/10/2039 | -- | $36,831.76 | 35,000 | B5B54D9 |
-- | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $6,489.02 | 8,000 | BW9JZD9 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $18,165,254.19 | 18,165,254 | -- |
-8.40% | -- | US ULTRA BOND CBT BOND 18/JUN/2024 WNM4 COMDTY | -- | -- | -24,831,250 | -- | -200 | -- |
-27.59% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2024 TYM4 COMDTY | -- | -- | -81,563,063 | -- | -747 | -- |
-56.16% | -- | US LONG BOND(CBT) BOND 18/JUN/2024 USM4 COMDTY | -- | -- | -165,997,188 | -- | -1,415 | -- |
Index
as of 3/28/2024
- Total Number of Issues214
- Long Portfolio Duration9.90
- Net Effective Duration-0.04
- Long Portfolio Yield5.41
- Net Index Yield6.55
About the Index
The index is comprised of (a) long positions in USD-denominated investment grade corporate bonds issued by both U.S. and foreign domiciled companies; and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration to the investment grade bonds. In entering these positions, the index seeks to achieve an overall effective duration of zero.
By taking short Treasury Security positions (of an aggregate dollar value not exceeding the aggregate dollar value of the fund's assets), the index seeks to mitigate the potential negative impact of rising Treasury interest rates ("interest rates") on the performance of investment grade bonds (conversely limiting the potential positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of investment grade bonds, such as credit risk, which may have a greater impact than rising or falling interest rates.
The long investment grade bond positions included in the index are designed to represent the more liquid universe of investment grade bonds offered within the United States. Currently, the bonds eligible for inclusion in the index include all investment grade bonds that are issued by U.S. and internationally domiciled companies that are: fixed rate; have a minimum rating of Baa3/BBB- by both Moody's Investors Service, Inc. ("Moody's") and Standard and Poor's Financial Services, LLC ("S&P"); have a minimum face amount outstanding of $1 billion; and have at least five and a half (5.5) years until maturity.
The index is reconstituted and rebalanced (including a reset of the interest rate hedge) on a monthly basis.
Distributions
For
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
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