High Yield—Interest Rate Hedged - HYHG High Yield—Interest Rate Hedged

ProShares High Yield—Interest Rate Hedged seeks investment results, before fees and expenses, that track the performance of the FTSE High Yield (Treasury Rate-Hedged) Index.

  • Provides the return potential of a diversified portfolio of high-yield 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
  • Learn more about ProShares Interest Rate Hedged Bond ETFs.
  • Learn how an interest rate hedged bond strategy compared in a rising rate environment.
  • Video: Benefits of Rate-Hedged Bond ETFs During Periods of Rising Interest Rates

Fund Snapshot

Ticker HYHG
Intraday Ticker HYHG.IV
CUSIP 74348A541
Inception Date 5/21/13
Expense Ratio 0.51%
NAV Calculation Time 3:00 p.m. ET
Currency of Underlying Securities USD
Distributions Monthly

Long Portfolio Sector Breakdown as of 9/30/21

Industrial - Service 45.34%
Industrial - Manufacturing 20.15%
Industrial - Energy 11.03%
Industrial - Transportation 4.70%
Utility - Telecommunications 4.70%
Finance - Other 3.58%
Industrial - Consumer 3.47%
Utility - Electric 2.35%
Finance - Independent 1.43%
Utility - Other 1.41%
Finance - Insurance 1.08%
Utility - Gas 0.75%

Fund Characteristics as of 9/30/21 **

Distribution Yield 4.62%
Weighted Average Yield to Maturity 4.82%
SEC 30-Day Yield 3.59%
Net Effective Duration -0.13

** The cost of the interest rate hedge (using Treasury futures) is reflected in the NAV, not in the yields. Net effective duration is as of the first business day following the as of date noted.

Price Information as of 10/21/21 **

NAV $62.96
NAV Change $0.09
Market Price Closing $62.96
Market Price Closing Change -$0.10
Daily Trading Volume 9,557
30-Day Median Bid Ask Spread 0.43%

** The cost of the interest rate hedge (using Treasury futures) is reflected in the NAV, not in the yields.


HYHG Performance Chart

Chart data from Thomson Reuters. 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. Data is delayed at least 15 minutes.