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 5/31/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.91% | 3.06% | 4.07% | 3.09% | 7.96% | 10.39% | 7.08% | -- | 4.23% | 05/21/2013 |
| HYHG Market Price | 0.68% | 2.95% | 4.20% | 3.09% | 7.73% | 10.33% | 7.07% | -- | 4.24% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.04% | 3.26% | 4.38% | 3.56% | 8.56% | 10.76% | 7.53% | 6.65% | 4.93% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.25% | 0.28% | 1.58% | 0.28% | 6.90% | 9.48% | 6.56% | 6.26% | 4.06% | 05/21/2013 |
| HYHG Market Price | -0.12% | 0.01% | 1.16% | 0.01% | 6.59% | 9.28% | 6.41% | 6.23% | 4.05% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.17% | 0.46% | 1.65% | 0.46% | 7.36% | 9.94% | 6.95% | 6.89% | 4.75% | -- |
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
- Net Assets $175,813,594
- Expense Ratio 0.50%
- NAV Calculation Time
Characteristics
as of 6/30/2026- Number of Companies 241
Price
as of 7/07/2026- NAV
- NAV Change
- Market Price $64.80
- Market Price Change $+0.09
- Trading Volume (M) 12,279
- 30-Day Median Bid Ask Spread 0.54%
- View Premium / Discount
Distributions
as of 6/30/2026- Distribution Frequency Monthly
- 12-Month Yield 6.77%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Net Assets $175,813,594
- Expense Ratio 0.50%
- NAV Calculation Time
Characteristics
as of 6/30/2026- Number of Companies 241
Price
as of 7/07/2026- NAV
- NAV Change
- Market Price $64.80
- Market Price Change $+0.09
- Trading Volume (M) 12,279
- 30-Day Median Bid Ask Spread 0.54%
- View Premium / Discount
Distributions
as of 6/30/2026- Distribution Frequency Monthly
- 12-Month Yield 6.77%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 7/07/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.43% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,520,741.44 | 2,480,000 | BS9G792 |
| 1.39% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,446,141.86 | 2,385,000 | BPH26F0 |
| 1.32% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $2,325,606.46 | 2,308,000 | BNBV5N0 |
| 1.23% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,158,569.63 | 1,995,000 | BR54DP1 |
| 1.22% | -- | MERIDIAN ARC HOLDCO LLC | 6.25% | 04/30/2031 | -- | $2,144,478.11 | 2,144,000 | BX54MW3 |
| 1.15% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,024,886.10 | 2,071,000 | BN2QTP4 |
| 1.05% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,848,061.32 | 1,806,000 | BV4K8M0 |
| 0.96% | -- | SV RNO PROPERTY OWNER 1 | 5.88% | 03/01/2031 | -- | $1,679,497.19 | 1,709,000 | BVPVMW0 |
| 0.91% | -- | CARNIVAL CORP LTD | 5.75% | 08/01/2032 | -- | $1,607,994.82 | 1,592,000 | BT7MYF4 |
| 0.91% | -- | BLACK PEARL COMPUTE LLC | 6.13% | 02/15/2031 | -- | $1,595,218.67 | 1,577,000 | BMXG8Y8 |
| 0.87% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,536,379.95 | 1,514,000 | BNM6H94 |
| 0.83% | -- | PR RNO PROPERTY OWNER 1 | 6.50% | 05/01/2031 | -- | $1,465,818.94 | 1,469,000 | BVV7TN2 |
| 0.81% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,422,972.55 | 1,435,000 | BVF9138 |
| 0.80% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,404,028.35 | 1,350,000 | BRXZ215 |
| 0.78% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,365,914.69 | 1,338,000 | BQ67HZ0 |
| 0.77% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,356,156.09 | 1,304,000 | BRK4301 |
| 0.77% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,352,168.18 | 1,323,000 | BQKN5B6 |
| 0.76% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $1,343,279.89 | 1,285,000 | BMCGQM3 |
| 0.73% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,282,457.02 | 1,254,000 | BVDKGM7 |
| 0.73% | -- | CRC INSURANCE GROUP LLC | 7.13% | 06/01/2031 | -- | $1,278,206.71 | 1,283,000 | BS2FMQ8 |
| 0.71% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,256,244.00 | 1,228,000 | BSTKQX1 |
| 0.69% | -- | OAK-EAGLE ACQUIRECO INC | 7.25% | 07/01/2033 | -- | $1,212,271.12 | 1,159,000 | BTNKKK9 |
| 0.67% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,182,432.02 | 1,127,000 | BW5ZMJ6 |
| 0.67% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,171,527.13 | 1,179,000 | BSHT8Y5 |
| 0.66% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,160,845.68 | 1,368,000 | BMVZMH8 |
| 0.65% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,151,078.76 | 1,170,000 | BRJQLF9 |
| 0.65% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,148,946.50 | 1,065,000 | BP2F579 |
| 0.65% | -- | CORE SCIENTIFIC FINANCE | 7.75% | 05/15/2031 | -- | $1,147,813.22 | 1,145,000 | BTXZ1D4 |
| 0.64% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,133,214.99 | 1,074,000 | BRSF6F2 |
| 0.64% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $1,130,188.92 | 1,047,000 | BVMR221 |
| 0.62% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,089,566.05 | 1,073,000 | BV6KVR4 |
| 0.62% | -- | HERC HOLDINGS INC | 7.00% | 06/15/2030 | -- | $1,089,259.00 | 1,053,000 | BV5GRS6 |
| 0.61% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,071,952.85 | 1,077,000 | BMWDGR9 |
| 0.61% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,068,296.68 | 1,039,000 | BQB9NW0 |
| 0.60% | -- | OAK-EAGLE ACQUIRECO INC | 8.75% | 07/01/2034 | -- | $1,063,828.53 | 1,000,000 | BTNKNF5 |
| 0.60% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $1,056,318.78 | 1,083,000 | BNTZ4D7 |
| 0.60% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,046,869.43 | 1,098,000 | BS89C64 |
| 0.59% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,040,439.96 | 966,000 | BQ80PR5 |
| 0.59% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,037,097.46 | 1,038,000 | BM8K6S5 |
| 0.59% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,032,123.70 | 1,019,000 | BV99DS3 |
| 0.58% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,027,665.00 | 1,000,000 | BT7HWD3 |
| 0.58% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,017,070.10 | 1,037,000 | BV4FWX4 |
| 0.56% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $981,105.62 | 945,000 | BQ2KRF3 |
| 0.56% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $978,427.57 | 943,000 | BVK6BT0 |
| 0.56% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $977,280.31 | 1,006,000 | BS2FZM5 |
| 0.55% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $960,682.45 | 910,000 | BTFHQJ9 |
| 0.55% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $960,376.05 | 929,000 | BT7HYL5 |
| 0.54% | -- | CENTENE CORP | 2.63% | 08/01/2031 | -- | $958,016.55 | 1,100,000 | BL6LYW3 |
| 0.54% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $955,993.79 | 937,000 | BQMJ1N6 |
| 0.54% | -- | ALBERTSONS COS/SAFEWAY | 5.75% | 03/31/2034 | -- | $951,306.10 | 1,000,000 | BVBCQJ2 |
| 0.54% | -- | MICHAELS COS INC/THE | 8.50% | 03/15/2033 | -- | $945,624.12 | 948,000 | BW5TCD2 |
| 0.54% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $943,514.05 | 968,000 | BM9YJB0 |
| 0.53% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $931,966.20 | 900,000 | BVBCQP8 |
| 0.52% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $919,397.11 | 901,000 | BNZG7Q8 |
| 0.51% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $904,352.38 | 941,000 | BN7SNC0 |
| 0.51% | -- | CELANESE US HOLDINGS LLC | 7.70% | 11/15/2033 | -- | $896,324.68 | 839,000 | BRBDWD3 |
| 0.50% | -- | FIRST QUANTUM MINERALS L | 6.38% | 02/15/2036 | -- | $887,263.51 | 903,000 | BT3F8Q6 |
| 0.50% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $877,137.14 | 1,001,000 | BM94BT2 |
| 0.49% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $870,042.25 | 875,000 | BVBFJY7 |
| 0.49% | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $862,500.34 | 962,000 | BT5GTR5 |
| 0.48% | -- | TALEN ENERGY SUPPLY LLC | 6.13% | 05/01/2031 | -- | $847,688.80 | 849,000 | BRXPB07 |
| 0.47% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $823,773.01 | 798,000 | BS6S7M4 |
| 0.46% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $815,908.44 | 799,000 | BNDQTF3 |
| 0.46% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $809,475.17 | 837,353 | BT68Y19 |
| 0.46% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $807,990.00 | 1,171,000 | BM93J39 |
| 0.46% | -- | IRON MOUNTAIN INC CALLABLE NOTES FIXED 6.25% 15/JAN/2035 USD 1000 | -- | -- | -- | $801,008.80 | 800,000 | -- |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $797,730.25 | 793,000 | BPVDS42 |
| 0.45% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $789,831.68 | 800,000 | BVK50T0 |
| 0.45% | -- | TALEN ENERGY SUPPLY LLC | 6.38% | 05/01/2033 | -- | $788,268.99 | 791,000 | BRXP9Z8 |
| 0.44% | -- | NEXSTAR MEDIA INC | 7.25% | 04/15/2034 | -- | $779,963.17 | 778,000 | BTG0PS9 |
| 0.43% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $763,006.40 | 726,000 | BRQPKY1 |
| 0.43% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $759,642.08 | 741,000 | BS9C5X0 |
| 0.43% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $754,626.83 | 827,000 | BRXCZB7 |
| 0.43% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $751,835.74 | 748,000 | BQ1PCD2 |
| 0.43% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $749,243.40 | 742,000 | BTTRMX1 |
| 0.43% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $748,645.93 | 1,242,000 | BRBCV11 |
| 0.42% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $742,862.10 | 737,000 | BPW9BQ2 |
| 0.42% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $736,143.71 | 713,000 | BP946X2 |
| 0.41% | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $725,403.78 | 700,000 | BSML716 |
| 0.41% | -- | AMC GLOBAL MEDIA INC | 10.50% | 07/15/2032 | -- | $718,003.38 | 694,000 | BPSN522 |
| 0.41% | -- | FLASH COMPUTE LLC | 7.25% | 12/31/2030 | -- | $712,572.83 | 694,000 | BTBKSX0 |
| 0.40% | -- | SWORD PURCHASER LLC | 8.25% | 04/15/2033 | -- | $709,955.23 | 687,000 | BWFJMB0 |
| 0.40% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $709,642.25 | 706,000 | BQB7JV5 |
| 0.40% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $706,212.89 | 727,000 | BMCGQ56 |
| 0.40% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $704,413.16 | 705,000 | BPP2DX9 |
| 0.40% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $702,567.64 | 697,000 | BMZBL86 |
| 0.40% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $701,928.25 | 955,000 | BV2JDH9 |
| 0.40% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $701,354.29 | 709,000 | BVBFJZ8 |
| 0.40% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $696,896.40 | 685,000 | BSNQ215 |
| 0.39% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $693,596.30 | 652,000 | BVK4MV3 |
| 0.39% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $690,539.32 | 682,000 | BP4YGK4 |
| 0.39% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $686,158.84 | 682,000 | BMF9C65 |
| 0.39% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $685,629.68 | 642,000 | BTWWV25 |
| 0.39% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $681,717.27 | 799,000 | BNNPV76 |
| 0.39% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $680,783.48 | 649,000 | BTCK903 |
| 0.38% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $671,992.75 | 650,000 | BMGDND0 |
| 0.38% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $667,742.27 | 675,000 | BVMS268 |
| 0.38% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $667,299.43 | 674,000 | BTFHSL5 |
| 0.38% | -- | APLD COMPUTECO 2 LLC | 6.75% | 03/15/2031 | -- | $664,613.47 | 663,000 | BSHX319 |
| 0.38% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $661,588.20 | 630,000 | BV3PLR2 |
| 0.37% | -- | SM ENERGY CO | 6.63% | 04/15/2034 | -- | $658,038.58 | 665,000 | BVCHTT7 |
| 0.37% | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $655,545.00 | 638,000 | BR55K64 |
| 0.37% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $649,311.52 | 649,000 | BR886L7 |
| 0.37% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $649,139.86 | 654,000 | BS88ZW8 |
| 0.37% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $648,597.79 | 609,000 | BRCDDH3 |
| 0.36% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $633,984.74 | 616,000 | BQKRVC1 |
| 0.36% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $631,489.17 | 628,000 | BVMDN60 |
| 0.36% | -- | UNITED AIRLINES HOLDINGS | 4.88% | 03/01/2029 | -- | $631,446.78 | 638,000 | BWBZMK1 |
| 0.35% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $624,203.48 | 618,000 | BNRNCC8 |
| 0.35% | -- | QXO BUILDING PRODUCTS INC CALLABLE NOTES FIXED 6.875% 15/JUL/2034 USD 1000 | -- | -- | -- | $623,235.87 | 608,000 | -- |
| 0.35% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $619,492.06 | 607,000 | BQXJKM7 |
| 0.35% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $618,316.69 | 629,000 | BMVXP62 |
| 0.35% | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $617,287.50 | 837,000 | BT5H7F2 |
| 0.34% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $605,355.55 | 602,000 | BQTWXH6 |
| 0.34% | -- | UNIVISION COMMUNICATIONS | 8.88% | 04/15/2033 | -- | $597,043.20 | 600,000 | BTWQYH3 |
| 0.33% | -- | CARNIVAL CORP LTD | 6.13% | 02/15/2033 | -- | $585,518.96 | 579,000 | BV0YZ47 |
| 0.33% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $578,656.24 | 595,000 | BMH29D8 |
| 0.32% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $563,956.95 | 548,000 | BTCCGD1 |
| 0.32% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $561,736.45 | 550,000 | BMVXP51 |
| 0.32% | -- | LIFEPOINT HEALTH INC | 7.00% | 05/01/2034 | -- | $561,635.94 | 582,000 | BVPPDZ2 |
| 0.32% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $561,065.01 | 543,000 | BRBCTZ1 |
| 0.32% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $555,941.08 | 528,000 | BLDCTF7 |
| 0.32% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $555,433.38 | 526,000 | BMZMHS1 |
| 0.32% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $555,133.99 | 560,000 | BTGTPC0 |
| 0.31% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $550,131.26 | 537,000 | BV1C948 |
| 0.31% | -- | EDGED COMPUTE LLC | 7.50% | 04/30/2031 | -- | $543,209.34 | 561,000 | BT7J9Z0 |
| 0.31% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $540,613.50 | 525,000 | BTJS1V5 |
| 0.31% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $538,356.79 | 526,000 | BMJ0LG7 |
| 0.31% | -- | SOLARIS ENERGY INFRASTRU | 6.38% | 05/15/2031 | -- | $537,970.35 | 532,000 | BSNN9Q0 |
| 0.30% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $532,644.09 | 541,000 | BSJQ190 |
| 0.30% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $532,460.78 | 525,000 | BRS7WN8 |
| 0.30% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $530,689.89 | 630,000 | BP7LR98 |
| 0.30% | -- | TKC HOLDINGS INC | 8.50% | 08/15/2030 | -- | $528,903.00 | 513,000 | BT3FDQ1 |
| 0.30% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $527,436.38 | 536,000 | BVBG0S1 |
| 0.30% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $524,592.97 | 575,000 | BM9SD09 |
| 0.30% | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $519,925.31 | 550,000 | BSSBTZ8 |
| 0.30% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $519,435.51 | 530,000 | BTXQV60 |
| 0.29% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $517,929.90 | 509,000 | BVDKGL6 |
| 0.29% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $511,856.11 | 517,000 | BLC9L19 |
| 0.29% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $509,803.09 | 542,000 | BLDBLN6 |
| 0.29% | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $509,680.00 | 500,000 | BL9XM77 |
| 0.29% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $508,119.47 | 485,000 | BVK4BV6 |
| 0.29% | -- | COREWEAVE INC | 9.75% | 10/01/2031 | -- | $505,062.77 | 514,000 | BWM2ZQ8 |
| 0.29% | -- | PG&E CORP | 6.85% | 09/15/2056 | -- | $503,459.51 | 504,000 | BTJYMV0 |
| 0.29% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $501,840.00 | 492,000 | BVZMLG0 |
| 0.29% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $501,817.79 | 511,000 | BLDCF37 |
| 0.28% | -- | YUM! BRANDS INC | 5.38% | 04/01/2032 | -- | $498,369.98 | 500,000 | BLBM1S6 |
| 0.28% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $496,892.20 | 500,000 | BQ689G8 |
| 0.28% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $495,962.78 | 495,000 | BN6MM59 |
| 0.28% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $490,450.83 | 495,000 | BPLPFQ9 |
| 0.28% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $488,521.11 | 496,000 | BT9NKJ1 |
| 0.28% | -- | KODIAK GAS SERVICES LLC | 5.88% | 04/01/2031 | -- | $485,685.79 | 485,000 | BTMSZJ8 |
| 0.28% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $483,828.69 | 719,000 | BMWT6D3 |
| 0.27% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $482,219.68 | 492,000 | BPLFC68 |
| 0.27% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $481,932.62 | 486,000 | BQT2NG5 |
| 0.27% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $481,221.86 | 522,000 | BVSYM93 |
| 0.27% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $475,539.02 | 466,000 | BTTRLD4 |
| 0.27% | -- | PHOTO HOLDINGS LLC CALLABLE NOTES FIXED 12% 01/JUL/2031 USD 1000 | -- | -- | -- | $475,320.19 | 458,000 | -- |
| 0.27% | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $471,771.81 | 467,000 | BQT2NL0 |
| 0.27% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $470,165.17 | 446,000 | BMGC188 |
| 0.26% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $465,763.33 | 576,000 | BS84LN9 |
| 0.26% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $465,045.50 | 489,000 | BT3CPW2 |
| 0.26% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $463,093.65 | 450,000 | BR53N25 |
| 0.26% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $462,882.04 | 470,000 | BR113M3 |
| 0.26% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $460,564.85 | 563,000 | BS3BCF4 |
| 0.26% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $460,343.90 | 467,000 | BT7JWZ1 |
| 0.26% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $459,933.96 | 452,000 | BSD6D23 |
| 0.26% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $459,786.73 | 459,000 | BVYL9V9 |
| 0.26% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $459,415.10 | 436,000 | BVMSGF5 |
| 0.26% | -- | ESAB CORP | 5.63% | 04/01/2031 | -- | $454,459.36 | 456,000 | BV4J2P8 |
| 0.26% | -- | CENTENE CORP | 2.45% | 07/15/2028 | -- | $453,154.32 | 477,000 | BLH04G3 |
| 0.26% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $451,706.28 | 449,000 | BQ9D885 |
| 0.26% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $450,494.73 | 441,000 | BPLL6H5 |
| 0.26% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $450,242.93 | 433,000 | BP092P0 |
| 0.26% | -- | FIRST QUANTUM MINERALS L | 8.63% | 06/01/2031 | -- | $448,665.40 | 431,000 | BP488V1 |
| 0.25% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $446,953.86 | 433,000 | BR2NN28 |
| 0.25% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $445,613.35 | 442,000 | BSKP420 |
| 0.25% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $444,380.34 | 435,000 | BP092B6 |
| 0.25% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $439,341.50 | 436,000 | BN95KZ1 |
| 0.25% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $438,128.19 | 419,000 | BNRPLW7 |
| 0.25% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $431,405.66 | 452,000 | BP4Z8H8 |
| 0.24% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $429,033.84 | 442,000 | BMY8TS4 |
| 0.24% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $427,943.24 | 427,000 | BL54J73 |
| 0.24% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $427,441.71 | 412,000 | BNRPV83 |
| 0.24% | -- | KENNEDY-WILSON INC CALLABLE NOTES FIXED 7% 01/JUN/2031 USD 1000 | -- | -- | -- | $425,931.93 | 415,000 | -- |
| 0.24% | -- | GOODYEAR TIRE & RUBBER CO/THE CALLABLE NOTES FIXED 8.875% 15/JUL/2032 USD 1000 | -- | -- | -- | $421,711.29 | 415,000 | -- |
| 0.24% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $421,229.06 | 406,000 | BLC8Z03 |
| 0.24% | -- | COOPER-STANDARD AUTOMOTI | 9.25% | 03/01/2031 | -- | $417,035.54 | 411,000 | BR1FF63 |
| 0.24% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $416,887.01 | 415,000 | BSVLRC8 |
| 0.24% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $416,659.74 | 407,000 | BM8SW92 |
| 0.24% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $414,751.58 | 408,000 | BQB88K0 |
| 0.24% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $413,820.00 | 418,000 | BMW2F91 |
| 0.23% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $408,043.11 | 422,000 | BP83D39 |
| 0.23% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $406,443.05 | 393,000 | BMW2FL3 |
| 0.23% | -- | WHIRLPOOL CORP CALLABLE NOTES FIXED 7.5% 01/JUL/2031 USD 1000 | -- | -- | -- | $406,178.82 | 404,000 | -- |
| 0.23% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $402,172.23 | 393,000 | BRK14M1 |
| 0.23% | -- | FAIR ISAAC CORP | 6.25% | 09/15/2034 | -- | $401,939.61 | 407,000 | BTMT0G3 |
| 0.23% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $401,741.93 | 409,000 | BQT3JM6 |
| 0.23% | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $401,092.88 | 391,000 | BN49RB3 |
| 0.23% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $396,193.37 | 417,000 | BN6KWY2 |
| 0.22% | -- | AECOM | 6.00% | 08/01/2033 | -- | $393,282.17 | 393,000 | BV2CGD5 |
| 0.22% | -- | WHIRLPOOL CORP CALLABLE NOTES FIXED 7.875% 01/JUL/2034 USD 1000 | -- | -- | -- | $392,510.24 | 393,000 | -- |
| 0.22% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $391,046.52 | 382,000 | BRBDSH9 |
| 0.22% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $385,053.56 | 382,000 | BRBVMG0 |
| 0.22% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $385,050.88 | 371,000 | BMC94W8 |
| 0.21% | -- | HOWDEN UK REFINANCE / US | 8.13% | 02/15/2032 | -- | $375,551.53 | 417,000 | BMCM256 |
| 0.21% | -- | OLYMPUS WTR US HLDG CORP | 6.75% | 08/01/2032 | -- | $373,902.86 | 382,000 | BVRTP89 |
| 0.21% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $373,739.94 | 366,000 | BSNZ6B0 |
| 0.21% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $366,964.63 | 367,000 | BSZ7DB3 |
| 0.21% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $365,636.83 | 349,000 | BMCMQL0 |
| 0.21% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $361,535.11 | 348,000 | BPG27W5 |
| 0.20% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $349,349.88 | 347,000 | BMXHQ92 |
| 0.19% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $336,361.25 | 324,000 | BPK4CP5 |
| 0.19% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $325,710.22 | 312,000 | BRT75V6 |
| 0.19% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $325,426.55 | 431,000 | BRPT5J4 |
| 0.18% | -- | ASURION LLC/ASURION CO | 8.38% | 02/01/2034 | -- | $315,024.34 | 343,000 | BTZRRR4 |
| 0.18% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $310,866.43 | 325,000 | BSNMMD5 |
| 0.17% | -- | HARVEST MIDSTREAM I LP CALLABLE NOTES FIXED 6.75% 15/MAY/2034 USD 1000 | -- | -- | -- | $299,163.63 | 295,000 | -- |
| 0.16% | -- | CCO HLDGS LLC/CAP CORP | 7.00% | 02/01/2033 | -- | $289,580.17 | 295,000 | BVPC4H2 |
| 0.16% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $282,568.90 | 269,000 | BPK4TG5 |
| 0.16% | -- | ARC FALCON I INC / ARCLIN USA LLC / NEW ARCLIN US HOLDING CORP CALLABLE NOTES FIXED 9.75% 01/MAR/2033 USD 1000 | -- | -- | -- | $276,016.51 | 287,000 | -- |
| 0.16% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $275,200.00 | 860,000 | BP9LWV3 |
| 0.15% | -- | RAKUTEN GROUP INC | 9.75% | 04/15/2029 | -- | $272,165.19 | 250,000 | BQBBBT9 |
| 0.15% | -- | NISSAN MOTOR CO | 8.13% | 07/17/2035 | -- | $265,138.72 | 250,000 | BVN2G67 |
| 0.15% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $262,088.52 | 276,000 | BQ68CL4 |
| 0.15% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $261,370.37 | 259,000 | BPX27Q2 |
| 0.15% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $257,326.62 | 255,000 | BQ2KRD1 |
| 0.15% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $255,684.75 | 250,000 | BPLP3M1 |
| 0.15% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $255,459.50 | 250,000 | BR4XVS8 |
| 0.14% | -- | ALBERTSONS COS/SAFEWAY | 5.63% | 03/31/2032 | -- | $252,454.03 | 260,000 | BRBNWB1 |
| 0.14% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $239,668.86 | 236,000 | BVF9246 |
| 0.14% | -- | STANDARD BUILDING SOLUTI | 6.50% | 08/15/2032 | -- | $239,378.73 | 238,000 | BR2NXL7 |
| 0.13% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $221,442.42 | 217,000 | BV8DHB7 |
| 0.13% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $220,783.02 | 210,000 | BPBRSM2 |
| 0.12% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $216,141.54 | 233,000 | BMD9BZ9 |
| 0.11% | -- | UNITED AIRLINES HOLDINGS | 5.38% | 03/01/2031 | -- | $200,017.85 | 201,000 | BW46M90 |
| 0.11% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $192,903.11 | 195,000 | BTPH0K8 |
| 0.11% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $185,259.22 | 188,000 | BQ3QRD8 |
| 0.10% | -- | SIRIUS XM RADIO LLC CALLABLE NOTES FIXED 5.875% 15/APR/2032 USD 1000 | -- | -- | -- | $179,272.08 | 181,000 | -- |
| 0.10% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $168,505.76 | 165,000 | BPH25H5 |
| 0.09% | -- | PERFORMANCE FOOD GROUP I | 5.63% | 03/01/2034 | -- | $162,376.07 | 165,000 | BW1N539 |
| 0.09% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $155,893.95 | 157,000 | BS84Y29 |
| 0.08% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $136,156.95 | 135,000 | BNKBFF3 |
| 0.06% | -- | SUNOCO LP | 5.63% | 03/15/2031 | -- | $108,468.80 | 109,000 | BTWSX61 |
| 0.06% | -- | ADT SEC CORP | 4.13% | 08/01/2029 | -- | $103,528.65 | 108,000 | BNZKRX7 |
| 0.06% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $99,881.95 | 96,000 | BV5GRT7 |
| 0.06% | -- | NCL CORPORATION LTD | 5.88% | 01/15/2031 | -- | $97,204.74 | 100,000 | BVLD769 |
| 0.04% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $73,908.45 | 70,000 | BS88506 |
| 0.04% | -- | CSC HOLDINGS LLC | 11.25% | 05/15/2028 | -- | $63,810.21 | 100,000 | -- |
| 0.03% | -- | LEVEL 3 FINANCING INC | 7.00% | 03/31/2034 | -- | $51,344.00 | 50,000 | BV6KVQ3 |
| -14.05% | -- | US 10YR NOTE (CBT) BOND 21/SEP/2026 TYU6 COMDTY | -- | -- | -24,708,156 | -- | -226 | -- |
| -31.99% | -- | US 2YR NOTE (CBT) BOND 30/SEP/2026 TUU6 COMDTY | -- | -- | -56,252,930 | -- | -273 | -- |
| -48.10% | -- | US 5YR NOTE (CBT) BOND 30/SEP/2026 FVU6 COMDTY | -- | -- | -84,576,938 | -- | -792 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $8,352,507.56 | 8,352,508 | -- |
Index
as of 3/31/2026
- Total Number of Issues260
- Long Portfolio Duration3.57
- Net Effective Duration0.02
- Long Portfolio Yield7.61
- Net Index Yield7.37
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
When Rates Rise, Bonds Fall. Right?
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