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
Characteristics
as of 11/30/2025- Number of Companies 231
- Net Effective Duration -0.2882
Price
as of 1/06/2026- NAV $64.48
- NAV Change $+0.07
- Market Price $64.03
- Market Price Change $-0.49
- Trading Volume (M) 55,484
- 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.
- 12-Month Yield 6.93%
12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 12 months.
- 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
Characteristics
as of 11/30/2025- Number of Companies 231
- Net Effective Duration -0.2882
Price
as of 1/06/2026- NAV $64.48
- NAV Change $+0.07
- Market Price $64.03
- Market Price Change $-0.49
- Trading Volume (M) 55,484
- 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.
- 12-Month Yield 6.93%
12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 12 months.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 1/05/2026
| 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 | -- | $2,485,150.92 | 2,385,000 | BPH26F0 |
| 1.33% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,137,515.62 | 2,109,000 | BN2QTP4 |
| 1.26% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,025,448.46 | 1,959,000 | BS9G792 |
| 1.15% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,852,307.65 | 1,806,000 | BV4K8M0 |
| 1.11% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,785,925.29 | 1,618,000 | BR54DP1 |
| 1.04% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,674,156.43 | 1,667,000 | BMWDGR9 |
| 1.02% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,636,984.13 | 1,592,000 | BT7MYF4 |
| 0.91% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,459,312.18 | 1,385,000 | BP6GPK1 |
| 0.90% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,447,520.20 | 1,400,000 | BW5ZMJ6 |
| 0.88% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,423,389.54 | 1,415,000 | BQKN5B6 |
| 0.87% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,406,411.94 | 1,338,000 | BQ67HZ0 |
| 0.87% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,406,003.71 | 1,301,000 | BP2F579 |
| 0.87% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,404,465.71 | 1,347,000 | BVDKGM7 |
| 0.82% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,327,943.62 | 1,283,000 | BS2FMQ8 |
| 0.82% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,324,148.14 | 1,271,000 | BQB9NW0 |
| 0.81% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,310,069.56 | 1,861,000 | BTPF2W8 |
| 0.81% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,303,517.28 | 1,264,000 | BNM6H94 |
| 0.80% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,283,785.00 | 1,250,000 | BRXZ215 |
| 0.78% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,259,121.16 | 1,210,000 | BNZG7Q8 |
| 0.75% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,215,875.70 | 1,170,000 | BRJQLF9 |
| 0.75% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,209,118.73 | 1,179,000 | BSHT8Y5 |
| 0.75% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,205,514.28 | 1,223,000 | BMVXSB8 |
| 0.72% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,165,656.28 | 1,096,000 | BV5GRT7 |
| 0.71% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,151,286.40 | 1,100,000 | BRSF6F2 |
| 0.71% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,148,296.44 | 1,154,000 | BRK4301 |
| 0.69% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,119,268.70 | 1,145,000 | BMBJVY0 |
| 0.68% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,098,423.66 | 1,073,000 | BV6KVR4 |
| 0.66% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,070,421.32 | 1,030,000 | BQ80PR5 |
| 0.66% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,063,030.33 | 1,038,000 | BM8K6S5 |
| 0.65% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,054,517.00 | 1,037,000 | BV4FWX4 |
| 0.65% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,042,928.97 | 1,041,000 | BN7SNC0 |
| 0.65% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,042,698.13 | 1,000,000 | BT7HWD3 |
| 0.64% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,036,636.80 | 996,000 | BPLP3M1 |
| 0.64% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,036,577.62 | 1,006,000 | BS2FZM5 |
| 0.64% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,034,144.00 | 1,000,000 | BW2K4P4 |
| 0.63% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,015,186.85 | 1,129,000 | BMBVFS8 |
| 0.63% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,008,963.00 | 1,000,000 | BVBFJZ8 |
| 0.62% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,005,952.30 | 1,068,000 | BVF9138 |
| 0.61% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $990,153.05 | 945,000 | BQ2KRF3 |
| 0.61% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $978,690.88 | 937,000 | BQMJ1N6 |
| 0.60% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $970,922.05 | 929,000 | BT7HYL5 |
| 0.57% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $918,140.50 | 897,000 | BP9MC16 |
| 0.57% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $909,956.20 | 1,039,000 | BRJHSK6 |
| 0.55% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $892,972.47 | 872,000 | BNTZ4D7 |
| 0.55% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $891,919.48 | 868,000 | BM9YJB0 |
| 0.55% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $889,001.51 | 852,000 | BPG22V9 |
| 0.55% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $884,591.35 | 888,000 | BS89C64 |
| 0.54% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $862,836.13 | 842,000 | BTTRMX1 |
| 0.53% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $849,958.72 | 801,000 | BVK4MV3 |
| 0.52% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $839,521.68 | 819,000 | BV99DS3 |
| 0.52% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $832,250.62 | 827,000 | BRXCZB7 |
| 0.51% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $829,201.40 | 799,000 | BNDQTF3 |
| 0.51% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $828,591.33 | 798,000 | BS6S7M4 |
| 0.51% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $828,406.26 | 835,000 | BS6V604 |
| 0.51% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $820,347.53 | 800,000 | BVK50T0 |
| 0.51% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $814,902.94 | 826,000 | BJNPGH3 |
| 0.51% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $814,516.17 | 779,000 | BMJ0L90 |
| 0.50% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $809,922.87 | 782,000 | BM8K1F7 |
| 0.50% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $802,366.62 | 786,000 | BQT2NG5 |
| 0.50% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $800,186.51 | 786,000 | BM8H783 |
| 0.49% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $794,970.61 | 793,000 | BPVDS42 |
| 0.48% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $772,272.18 | 725,000 | BL6CM66 |
| 0.48% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $769,114.70 | 889,000 | BNNPV76 |
| 0.48% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $767,604.00 | 750,000 | BS84Y29 |
| 0.47% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $763,521.30 | 900,000 | BMVZMH8 |
| 0.47% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $762,782.27 | 735,000 | BRT75V6 |
| 0.47% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $757,715.95 | 777,000 | BMV1LQ8 |
| 0.47% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $753,105.66 | 737,000 | BPW9BQ2 |
| 0.47% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $750,398.84 | 748,000 | BQ1PCD2 |
| 0.46% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $745,657.95 | 750,000 | BVK6BT0 |
| 0.46% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $738,545.88 | 724,000 | BNRNCC8 |
| 0.45% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $720,319.53 | 697,000 | BMZBL86 |
| 0.44% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $716,366.15 | 685,000 | BSNQ215 |
| 0.44% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $714,123.68 | 675,000 | BNQQSS6 |
| 0.44% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $713,112.36 | 745,000 | BT68Y19 |
| 0.44% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $712,471.73 | 702,000 | BQTWXH6 |
| 0.44% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $709,706.09 | 684,000 | BTXQV60 |
| 0.44% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $705,524.23 | 682,000 | BMF9C65 |
| 0.44% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $704,735.07 | 664,000 | BRQPKY1 |
| 0.44% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $701,429.63 | 675,000 | BMVXP62 |
| 0.43% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $685,253.14 | 649,000 | BTCK903 |
| 0.42% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $684,099.22 | 674,000 | BR886L7 |
| 0.42% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $682,278.73 | 657,000 | BQXJKM7 |
| 0.42% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $679,836.38 | 675,000 | BVMS268 |
| 0.42% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $673,731.38 | 646,000 | BLC8Z03 |
| 0.42% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $673,635.46 | 892,000 | BRBCV11 |
| 0.42% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $670,540.72 | 628,000 | BLDCTF7 |
| 0.40% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $645,439.40 | 711,000 | BM94BT2 |
| 0.40% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $640,044.03 | 613,000 | BP946X2 |
| 0.40% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $637,176.97 | 767,000 | BMV1L02 |
| 0.40% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $636,750.53 | 665,000 | BPVBYZ9 |
| 0.39% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $623,062.71 | 601,000 | BPG27W5 |
| 0.37% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $601,286.20 | 581,000 | BPX27Q2 |
| 0.37% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $599,841.59 | 558,000 | BS88506 |
| 0.36% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $586,366.58 | 548,000 | BTCCGD1 |
| 0.36% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $582,288.88 | 556,000 | BNRPV83 |
| 0.36% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $582,218.91 | 546,000 | BT3NFD6 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $581,806.01 | 630,000 | BP7LR98 |
| 0.36% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $581,267.56 | 576,000 | BS84LN9 |
| 0.36% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $576,918.10 | 550,000 | BVK4BV6 |
| 0.36% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $573,595.88 | 543,000 | BRBCTZ1 |
| 0.35% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $562,203.97 | 536,000 | BRC2671 |
| 0.35% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $561,562.03 | 556,000 | BQB7JV5 |
| 0.34% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $554,400.47 | 601,000 | BN6JYJ8 |
| 0.34% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $553,388.07 | 539,000 | BLB3TG3 |
| 0.34% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $550,613.83 | 563,000 | BS3BCF4 |
| 0.34% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $549,066.00 | 525,000 | BTJS1V5 |
| 0.34% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $546,830.67 | 505,000 | BRCDDH3 |
| 0.34% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $545,261.92 | 519,000 | BNRPLW7 |
| 0.34% | -- | ARDAGH GROUP SA CALLABLE NOTES FIXED 9.5% 01/DEC/2030 USD 1 | -- | -- | -- | $540,777.50 | 500,000 | -- |
| 0.34% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $539,625.57 | 550,000 | BNW2059 |
| 0.33% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $538,694.00 | 520,000 | BNBTNV8 |
| 0.33% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $538,593.64 | 520,000 | BMC94W8 |
| 0.33% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $536,626.05 | 536,000 | BVBG0S1 |
| 0.33% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $528,862.72 | 529,000 | BMW2W01 |
| 0.33% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $525,752.45 | 500,000 | BMVXP51 |
| 0.32% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $522,337.05 | 511,000 | BLDCF37 |
| 0.32% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $521,558.50 | 500,000 | BMGDND0 |
| 0.32% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $521,190.00 | 500,000 | BS9C5X0 |
| 0.32% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $521,186.71 | 550,000 | BV2JDH9 |
| 0.32% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $520,993.77 | 525,000 | BNHS096 |
| 0.32% | -- | ASURION LLC AND ASURION CO-ISSUER INC CALLABLE NOTES FIXED 8% 31/DEC/2032 USD 1000 | -- | -- | -- | $519,479.30 | 500,000 | -- |
| 0.32% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $518,181.43 | 473,000 | BR1H4Z1 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $515,853.82 | 513,000 | BQ68CL4 |
| 0.32% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $515,813.81 | 542,000 | BLDBLN6 |
| 0.32% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $511,012.93 | 496,000 | BT9NKJ1 |
| 0.32% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $510,261.72 | 489,000 | BT3CPW2 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $508,465.10 | 503,000 | BRRG7V9 |
| 0.32% | -- | ONEMAIN FINANCE CORP CALLABLE NOTES FIXED 6.75% 15/SEP/2033 USD 1000 | -- | -- | -- | $508,130.50 | 500,000 | -- |
| 0.31% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $507,002.85 | 719,000 | BMWT6D3 |
| 0.31% | -- | HILTON DOMESTIC OPERATING CO INC CALLABLE NOTES FIXED 5.5% 31/MAR/2034 USD 1000 | -- | -- | -- | $504,983.50 | 500,000 | -- |
| 0.31% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $504,675.07 | 515,000 | BNHT925 |
| 0.31% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $504,612.84 | 495,000 | BN6MM59 |
| 0.31% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $502,601.14 | 485,000 | BP092B6 |
| 0.31% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $500,465.49 | 496,000 | BQT3JM6 |
| 0.31% | -- | MAUSER PACKAGING SOLUTIONS HOLDING CO CALLABLE NOTES FIXED 7.875% 15/APR/2030 USD 1000 | -- | -- | -- | $498,225.00 | 500,000 | -- |
| 0.31% | -- | APLD COMPUTECO LLC CALLABLE NOTES FIXED 9.25% 15/DEC/2030 USD 1000 | -- | -- | -- | $498,051.30 | 500,000 | -- |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $495,863.70 | 517,000 | BLC9L19 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $495,623.29 | 534,000 | BKPJT48 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $488,551.50 | 450,000 | BR1YSV6 |
| 0.30% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $486,954.54 | 464,000 | BQKRVC1 |
| 0.30% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $481,843.13 | 467,000 | BMCGQ56 |
| 0.30% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $481,781.32 | 495,000 | BMH29D8 |
| 0.30% | -- | MAUSER PACKAGING SOLUTIONS HOLDING CO CALLABLE NOTES FIXED 9.25% 15/APR/2030 USD 1000 | -- | -- | -- | $481,250.00 | 500,000 | -- |
| 0.30% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $481,045.03 | 520,000 | BRT7X56 |
| 0.30% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $479,062.72 | 492,000 | BMY8TS4 |
| 0.30% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $478,372.67 | 483,000 | BM8H4Y8 |
| 0.30% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $477,888.59 | 466,000 | BTTRLD4 |
| 0.29% | -- | POST HOLDINGS INC CALLABLE NOTES FIXED 6.5% 15/MAR/2036 USD 1000 | -- | -- | -- | $472,609.41 | 471,000 | -- |
| 0.29% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $470,108.08 | 446,000 | BMGC188 |
| 0.29% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $469,077.75 | 450,000 | BP5JP78 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $468,169.65 | 450,000 | BR53N25 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $466,426.58 | 492,000 | BPLFC68 |
| 0.29% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $462,574.34 | 448,000 | BV0YZ47 |
| 0.29% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $460,582.31 | 490,000 | BNKLFF3 |
| 0.29% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $460,448.92 | 426,000 | BMZMHS1 |
| 0.29% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $459,662.39 | 455,000 | BQ2KRD1 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $458,062.73 | 441,000 | BPLL6H5 |
| 0.28% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $445,264.13 | 432,000 | BP4YGK4 |
| 0.28% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $444,448.30 | 413,000 | BV1C948 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $444,163.93 | 467,000 | BT7JWZ1 |
| 0.28% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $442,897.08 | 436,000 | BN95KZ1 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $442,493.52 | 443,000 | BMHBB51 |
| 0.27% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $439,555.61 | 459,000 | BMT7QC9 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $435,874.88 | 449,000 | BQ9D885 |
| 0.27% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $433,473.75 | 427,000 | BL54J73 |
| 0.27% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $432,219.40 | 452,000 | BP4Z8H8 |
| 0.27% | -- | SURGERY CENTER HOLDINGS INC CALLABLE NOTES FIXED 7.25% 15/APR/2032 USD 1000 | -- | -- | -- | $430,277.07 | 425,000 | -- |
| 0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $429,782.42 | 433,000 | BM9PWX6 |
| 0.27% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $428,469.72 | 420,000 | BSVLRC8 |
| 0.27% | -- | NATIONAL MENTOR HOLDINGS INC CALLABLE NOTES FIXED 10.5% 15/DEC/2030 USD 1000 | -- | -- | -- | $427,453.15 | 427,000 | -- |
| 0.26% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $423,446.54 | 418,000 | BMW2F91 |
| 0.26% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $423,230.75 | 409,000 | BVDKGL6 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $421,511.99 | 407,000 | BM8SW92 |
| 0.26% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $420,269.78 | 408,000 | BQB88K0 |
| 0.26% | -- | SABRE FINANCIAL BORROWER LLC CALLABLE NOTES FIXED 11.125% 15/JUN/2029 USD 1000 | -- | -- | -- | $417,461.47 | 412,000 | -- |
| 0.26% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $413,178.00 | 400,000 | BVBCQP8 |
| 0.26% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $412,263.75 | 391,000 | BMCGQM3 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $410,040.48 | 393,000 | BMW2FL3 |
| 0.25% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $405,819.04 | 422,000 | BP83D39 |
| 0.25% | -- | WINDSTREAM SERVICES LLC | 7.50% | 10/15/2033 | -- | $400,927.49 | 391,000 | BVMSGF5 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $399,542.30 | 431,000 | BRPT5J4 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $398,721.58 | 378,000 | BPBRSM2 |
| 0.25% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $398,209.10 | 417,000 | BN6KWY2 |
| 0.25% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $396,838.79 | 382,000 | BRBDSH9 |
| 0.25% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $394,892.50 | 382,000 | BRBVMG0 |
| 0.24% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $394,104.80 | 394,000 | BMBV4H0 |
| 0.24% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $387,331.14 | 376,000 | BRT7527 |
| 0.24% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $386,080.75 | 391,000 | BN0ZRZ9 |
| 0.24% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $385,997.25 | 381,000 | BVBFJY7 |
| 0.24% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $383,373.90 | 465,000 | BS6RJF8 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $378,300.00 | 485,000 | BMH8323 |
| 0.23% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $377,959.35 | 367,000 | BV8DHB7 |
| 0.23% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $369,177.94 | 491,000 | BM93J39 |
| 0.23% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $366,983.26 | 367,000 | BSZ7DB3 |
| 0.23% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $364,926.32 | 357,000 | BVMDN60 |
| 0.23% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $364,756.00 | 392,000 | BMXHJH1 |
| 0.23% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $364,581.80 | 349,000 | BS7XRZ1 |
| 0.23% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $363,833.24 | 393,591 | BMDB423 |
| 0.22% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $357,732.23 | 345,000 | BVZMLG0 |
| 0.22% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $353,499.66 | 347,000 | BMXHQ92 |
| 0.22% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $353,183.97 | 581,000 | BMY0HH5 |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $351,958.13 | 343,000 | BP091F3 |
| 0.22% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $351,167.75 | 500,000 | BNQPRV9 |
| 0.22% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $350,096.33 | 343,000 | BRK14M1 |
| 0.22% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $349,243.74 | 333,000 | BP092P0 |
| 0.22% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $348,913.68 | 338,000 | BR4XVS8 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $348,678.73 | 369,000 | BR4ZG56 |
| 0.21% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $338,305.43 | 324,000 | BPK4CP5 |
| 0.21% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $335,946.00 | 312,000 | BMJ0LG7 |
| 0.21% | -- | VZ SECURED FINANCING BV CALLABLE NOTES FIXED 7.5% 15/JAN/2033 USD 1000 | -- | -- | -- | $330,750.55 | 325,000 | -- |
| 0.20% | -- | UNITED RENTALS NORTH AMERICA INC CALLABLE NOTES FIXED 5.375% 15/NOV/2033 USD 1000 | -- | -- | -- | $324,320.92 | 324,000 | -- |
| 0.19% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $305,070.68 | 297,000 | BRZWYJ6 |
| 0.19% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $301,249.81 | 300,000 | BTPH0K8 |
| 0.19% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $300,747.40 | 290,000 | BVF9246 |
| 0.19% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $299,213.85 | 300,000 | BVSYM93 |
| 0.19% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $298,395.48 | 283,000 | BR2NN28 |
| 0.18% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $292,985.42 | 296,000 | BNTBJ41 |
| 0.18% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $286,764.11 | 293,000 | BSKP420 |
| 0.17% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $280,894.22 | 282,000 | BVRTP89 |
| 0.17% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $274,730.19 | 401,000 | BP9LWV3 |
| 0.16% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $263,617.05 | 261,000 | BP812N6 |
| 0.16% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $254,785.23 | 239,000 | BMCMQL0 |
| 0.15% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $237,240.08 | 237,000 | BMD14K1 |
| 0.15% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $236,322.11 | 235,000 | BN765Z1 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $222,607.06 | 233,000 | BMD9BZ9 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $207,746.01 | 202,000 | BSD6D23 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $192,137.56 | 183,000 | BPK4TG5 |
| 0.12% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $191,256.16 | 188,000 | BQ3QRD8 |
| 0.10% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $162,643.13 | 177,000 | BM9SD09 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $141,488.91 | 135,000 | BNKBFF3 |
| 0.08% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $132,160.00 | 472,000 | BPGM651 |
| 0.07% | -- | FRONTIER COMMUNICATIONS | 6.00% | 01/15/2030 | -- | $110,724.60 | 109,000 | BMTVRK6 |
| 0.07% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $109,926.61 | 109,000 | BPP2DX9 |
| 0.07% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $108,137.26 | 110,000 | BNM5Z19 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $81,067.67 | 79,000 | BS88ZW8 |
| 0.04% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $69,774.95 | 66,000 | BSNZ6B0 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,583.87 | 13,000 | BPH25H5 |
| -13.19% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2026 TYH6 COMDTY | -- | -- | -21,247,734 | -- | -189 | -- |
| -34.10% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2026 TUH6 COMDTY | -- | -- | -54,921,797 | -- | -263 | -- |
| -45.67% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2026 FVH6 COMDTY | -- | -- | -73,556,797 | -- | -673 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,892,837.51 | 7,892,838 | -- |
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