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 12/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.95% | 1.30% | 3.40% | 5.84% | 5.84% | 10.37% | 6.92% | 6.27% | 4.12% | 05/21/2013 |
| HYHG Market Price | 1.08% | 1.15% | 3.48% | 5.35% | 5.35% | 10.42% | 6.96% | 6.35% | 4.13% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.78% | 1.18% | 3.52% | 6.22% | 6.22% | 10.75% | 7.28% | 6.93% | 4.80% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.95% | 1.30% | 3.40% | 5.84% | 5.84% | 10.37% | 6.92% | 6.27% | 4.12% | 05/21/2013 |
| HYHG Market Price | 1.08% | 1.15% | 3.48% | 5.35% | 5.35% | 10.42% | 6.96% | 6.35% | 4.13% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.78% | 1.18% | 3.52% | 6.22% | 6.22% | 10.75% | 7.28% | 6.93% | 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 12/31/2025- Number of Companies 238
- Net Effective Duration -0.14988
Price
as of 1/09/2026- NAV $64.64
- NAV Change $+0.13
- Market Price $64.28
- Market Price Change $-0.22
- Trading Volume (M) 48,337
- 30-Day Median Bid Ask Spread 0.42%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Monthly
- 12-Month Yield 6.95%
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 12/31/2025- Number of Companies 238
- Net Effective Duration -0.14988
Price
as of 1/09/2026- NAV $64.64
- NAV Change $+0.13
- Market Price $64.28
- Market Price Change $-0.22
- Trading Volume (M) 48,337
- 30-Day Median Bid Ask Spread 0.42%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Monthly
- 12-Month Yield 6.95%
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 1/09/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.57% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,481,108.35 | 2,385,000 | BPH26F0 |
| 1.28% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,022,418.43 | 1,959,000 | BS9G792 |
| 1.24% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,961,764.82 | 1,941,000 | BN2QTP4 |
| 1.17% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,857,929.72 | 1,806,000 | BV4K8M0 |
| 1.12% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,781,256.20 | 1,618,000 | BR54DP1 |
| 1.03% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,639,081.81 | 1,592,000 | BT7MYF4 |
| 0.92% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,460,352.31 | 1,385,000 | BP6GPK1 |
| 0.90% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,430,842.34 | 1,415,000 | BQKN5B6 |
| 0.89% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,413,532.60 | 1,301,000 | BP2F579 |
| 0.89% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,409,479.61 | 1,347,000 | BVDKGM7 |
| 0.89% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,405,207.74 | 1,338,000 | BQ67HZ0 |
| 0.85% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,345,492.54 | 1,300,000 | BW5ZMJ6 |
| 0.84% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,330,577.78 | 1,861,000 | BTPF2W8 |
| 0.84% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,326,485.78 | 1,283,000 | BS2FMQ8 |
| 0.82% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,304,498.56 | 1,264,000 | BNM6H94 |
| 0.81% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,278,791.25 | 1,250,000 | BRXZ215 |
| 0.79% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,258,588.76 | 1,210,000 | BNZG7Q8 |
| 0.77% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,213,315.74 | 1,170,000 | BRJQLF9 |
| 0.76% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,210,669.12 | 1,179,000 | BSHT8Y5 |
| 0.76% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,208,061.18 | 1,223,000 | BMVXSB8 |
| 0.74% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,166,664.60 | 1,096,000 | BV5GRT7 |
| 0.73% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,162,414.96 | 1,119,000 | BQB9NW0 |
| 0.73% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,157,116.95 | 1,154,000 | BRK4301 |
| 0.71% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,120,979.78 | 1,145,000 | BMBJVY0 |
| 0.70% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,117,027.59 | 1,115,000 | BMWDGR9 |
| 0.69% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,098,416.15 | 1,073,000 | BV6KVR4 |
| 0.67% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,061,820.02 | 1,038,000 | BM8K6S5 |
| 0.66% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,053,098.39 | 1,037,000 | BV4FWX4 |
| 0.66% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,046,996.00 | 1,000,000 | BRSF6F2 |
| 0.66% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,045,547.00 | 1,000,000 | BT7HWD3 |
| 0.65% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,033,465.54 | 996,000 | BPLP3M1 |
| 0.65% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,031,112.05 | 1,006,000 | BS2FZM5 |
| 0.64% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,009,881.00 | 1,000,000 | BVBFJZ8 |
| 0.64% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,008,760.67 | 1,068,000 | BVF9138 |
| 0.63% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $991,614.96 | 945,000 | BQ2KRF3 |
| 0.62% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $979,090.98 | 937,000 | BQMJ1N6 |
| 0.61% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $972,897.96 | 930,000 | BQ80PR5 |
| 0.61% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $971,037.25 | 929,000 | BT7HYL5 |
| 0.60% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $944,098.71 | 941,000 | BN7SNC0 |
| 0.59% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $932,310.90 | 900,000 | BW2K4P4 |
| 0.58% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $920,489.06 | 1,039,000 | BRJHSK6 |
| 0.58% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $919,238.42 | 897,000 | BP9MC16 |
| 0.57% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $897,670.02 | 1,005,000 | BMBVFS8 |
| 0.56% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $891,521.93 | 868,000 | BM9YJB0 |
| 0.56% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $886,252.96 | 852,000 | BPG22V9 |
| 0.55% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $875,059.98 | 888,000 | BS89C64 |
| 0.54% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $851,056.17 | 801,000 | BVK4MV3 |
| 0.53% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $839,940.19 | 819,000 | BV99DS3 |
| 0.53% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $839,809.40 | 827,000 | BRXCZB7 |
| 0.53% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $837,642.78 | 835,000 | BS6V604 |
| 0.52% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $830,975.18 | 799,000 | BNDQTF3 |
| 0.52% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $829,396.51 | 798,000 | BS6S7M4 |
| 0.52% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $820,212.80 | 800,000 | BVK50T0 |
| 0.51% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $815,548.29 | 826,000 | BJNPGH3 |
| 0.51% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $814,714.81 | 779,000 | BMJ0L90 |
| 0.51% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $809,624.93 | 782,000 | BM8K1F7 |
| 0.50% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $798,268.67 | 786,000 | BM8H783 |
| 0.50% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $795,696.99 | 793,000 | BPVDS42 |
| 0.50% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $792,774.52 | 772,000 | BNTZ4D7 |
| 0.48% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $768,001.41 | 889,000 | BNNPV76 |
| 0.48% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $765,079.50 | 750,000 | BS84Y29 |
| 0.48% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $762,603.71 | 735,000 | BRT75V6 |
| 0.48% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $761,460.26 | 742,000 | BTTRMX1 |
| 0.48% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $760,524.93 | 900,000 | BMVZMH8 |
| 0.48% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $753,349.61 | 737,000 | BPW9BQ2 |
| 0.47% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $751,943.25 | 750,000 | BVK6BT0 |
| 0.47% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $750,003.89 | 748,000 | BQ1PCD2 |
| 0.46% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $735,675.95 | 724,000 | BNRNCC8 |
| 0.46% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $723,120.08 | 697,000 | BMZBL86 |
| 0.45% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $714,744.07 | 685,000 | BSNQ215 |
| 0.45% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $714,382.88 | 675,000 | BNQQSS6 |
| 0.45% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $709,624.01 | 684,000 | BTXQV60 |
| 0.45% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $709,191.62 | 682,000 | BMF9C65 |
| 0.45% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $707,054.21 | 737,353 | BT68Y19 |
| 0.45% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $705,449.54 | 664,000 | BRQPKY1 |
| 0.44% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $700,305.75 | 675,000 | BMVXP62 |
| 0.44% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $699,838.68 | 686,000 | BQT2NG5 |
| 0.43% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $685,260.52 | 674,000 | BR886L7 |
| 0.43% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $684,695.00 | 649,000 | BTCK903 |
| 0.43% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $675,677.03 | 675,000 | BVMS268 |
| 0.42% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $663,536.57 | 677,000 | BMV1LQ8 |
| 0.42% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $662,493.96 | 767,000 | BMV1L02 |
| 0.41% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $647,334.86 | 711,000 | BM94BT2 |
| 0.40% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $636,722.14 | 665,000 | BPVBYZ9 |
| 0.40% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $634,884.10 | 613,000 | BP946X2 |
| 0.39% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $621,693.63 | 601,000 | BPG27W5 |
| 0.39% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $618,825.87 | 792,000 | BRBCV11 |
| 0.39% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $612,422.38 | 602,000 | BQTWXH6 |
| 0.38% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $601,461.66 | 581,000 | BPX27Q2 |
| 0.38% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $599,306.51 | 558,000 | BS88506 |
| 0.37% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $586,267.39 | 548,000 | BTCCGD1 |
| 0.37% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $583,800.00 | 556,000 | BNRPV83 |
| 0.37% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $582,784.21 | 630,000 | BP7LR98 |
| 0.37% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $580,927.68 | 576,000 | BS84LN9 |
| 0.37% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $580,081.87 | 546,000 | BT3NFD6 |
| 0.36% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $578,050.14 | 557,000 | BQXJKM7 |
| 0.36% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $574,211.64 | 543,000 | BRBCTZ1 |
| 0.36% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $567,971.59 | 546,000 | BLC8Z03 |
| 0.36% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $563,751.41 | 528,000 | BLDCTF7 |
| 0.35% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $561,413.77 | 556,000 | BQB7JV5 |
| 0.35% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $554,661.18 | 539,000 | BLB3TG3 |
| 0.35% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $553,611.64 | 563,000 | BS3BCF4 |
| 0.35% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $549,780.00 | 525,000 | BTJS1V5 |
| 0.34% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $545,554.53 | 505,000 | BRCDDH3 |
| 0.34% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $541,860.28 | 520,000 | BMC94W8 |
| 0.34% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $540,194.71 | 550,000 | BNW2059 |
| 0.34% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $539,494.50 | 500,000 | BTWWV25 |
| 0.34% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $537,442.08 | 520,000 | BNBTNV8 |
| 0.34% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $537,090.76 | 536,000 | BVBG0S1 |
| 0.33% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $529,434.31 | 529,000 | BMW2W01 |
| 0.33% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $525,023.28 | 511,000 | BLDCF37 |
| 0.33% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $523,762.07 | 500,000 | BMVXP51 |
| 0.33% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $522,457.00 | 500,000 | BS9C5X0 |
| 0.33% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $522,379.50 | 500,000 | BNBV5N0 |
| 0.33% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $520,911.00 | 500,000 | BMGDND0 |
| 0.33% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $520,614.55 | 550,000 | BV2JDH9 |
| 0.33% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $519,257.25 | 542,000 | BLDBLN6 |
| 0.33% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $518,802.22 | 525,000 | BNHS096 |
| 0.33% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $517,572.68 | 473,000 | BR1H4Z1 |
| 0.32% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $514,842.28 | 719,000 | BMWT6D3 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $514,688.80 | 513,000 | BQ68CL4 |
| 0.32% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $510,679.82 | 489,000 | BT3CPW2 |
| 0.32% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $510,423.68 | 496,000 | BT9NKJ1 |
| 0.32% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $508,158.50 | 500,000 | BQ689G8 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $505,738.99 | 503,000 | BRRG7V9 |
| 0.32% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $505,024.40 | 515,000 | BNHT925 |
| 0.32% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $505,000.86 | 500,000 | BVMR221 |
| 0.32% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $504,267.89 | 495,000 | BN6MM59 |
| 0.32% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $504,220.10 | 485,000 | BP092B6 |
| 0.32% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $504,173.50 | 500,000 | BTGTPC0 |
| 0.32% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $501,250.00 | 500,000 | BSTKQX1 |
| 0.32% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $499,921.87 | 496,000 | BQT3JM6 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $497,334.61 | 517,000 | BLC9L19 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $496,415.85 | 534,000 | BKPJT48 |
| 0.31% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $487,736.59 | 450,000 | BR1YSV6 |
| 0.31% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $486,045.71 | 464,000 | BQKRVC1 |
| 0.31% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $484,350.92 | 467,000 | BMCGQ56 |
| 0.30% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $478,922.70 | 495,000 | BMH29D8 |
| 0.30% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $478,819.19 | 466,000 | BTTRLD4 |
| 0.30% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $478,125.00 | 500,000 | BSJQ190 |
| 0.30% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $476,948.83 | 483,000 | BM8H4Y8 |
| 0.30% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $474,498.55 | 501,000 | BN6JYJ8 |
| 0.30% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $472,933.80 | 450,000 | BVK4BV6 |
| 0.30% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $470,896.17 | 446,000 | BMGC188 |
| 0.30% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $470,636.10 | 450,000 | BP5JP78 |
| 0.30% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $470,538.90 | 471,000 | BTFHSL5 |
| 0.30% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $469,457.10 | 450,000 | BR53N25 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $467,003.40 | 492,000 | BPLFC68 |
| 0.29% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $463,523.54 | 490,000 | BNKLFF3 |
| 0.29% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $462,518.78 | 448,000 | BV0YZ47 |
| 0.29% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $461,142.50 | 455,000 | BQ2KRD1 |
| 0.29% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $460,655.10 | 426,000 | BMZMHS1 |
| 0.29% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $459,548.46 | 441,000 | BPLL6H5 |
| 0.29% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $455,637.66 | 436,000 | BRC2671 |
| 0.28% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $445,198.90 | 432,000 | BP4YGK4 |
| 0.28% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $444,052.23 | 413,000 | BV1C948 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $444,026.78 | 467,000 | BT7JWZ1 |
| 0.28% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $442,450.77 | 443,000 | BMHBB51 |
| 0.28% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $442,206.74 | 436,000 | BN95KZ1 |
| 0.28% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $439,414.94 | 419,000 | BNRPLW7 |
| 0.28% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $437,614.31 | 459,000 | BMT7QC9 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $435,504.72 | 449,000 | BQ9D885 |
| 0.27% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $433,902.69 | 452,000 | BP4Z8H8 |
| 0.27% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $433,469.48 | 427,000 | BL54J73 |
| 0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $429,848.24 | 433,000 | BM9PWX6 |
| 0.27% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $429,641.00 | 425,000 | BRS7WN8 |
| 0.27% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $429,185.82 | 420,000 | BSVLRC8 |
| 0.27% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $429,066.25 | 427,000 | BV3PLR2 |
| 0.27% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $425,210.50 | 418,000 | BMW2F91 |
| 0.27% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $423,721.90 | 409,000 | BVDKGL6 |
| 0.27% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $421,821.72 | 407,000 | BM8SW92 |
| 0.27% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $420,220.82 | 408,000 | BQB88K0 |
| 0.26% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $417,224.57 | 412,000 | BTFHQJ9 |
| 0.26% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $412,267.66 | 391,000 | BMCGQM3 |
| 0.26% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $408,648.80 | 400,000 | BVBCQP8 |
| 0.26% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $407,546.08 | 422,000 | BP83D39 |
| 0.26% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $406,599.77 | 393,000 | BMW2FL3 |
| 0.25% | -- | WINDSTREAM SERVICES LLC | 7.50% | 10/15/2033 | -- | $401,482.71 | 391,000 | BVMSGF5 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $399,867.49 | 431,000 | BRPT5J4 |
| 0.25% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $398,210.27 | 417,000 | BN6KWY2 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $397,670.74 | 378,000 | BPBRSM2 |
| 0.25% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $396,773.09 | 382,000 | BRBDSH9 |
| 0.25% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $394,463.34 | 394,000 | BMBV4H0 |
| 0.25% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $393,453.83 | 382,000 | BRBVMG0 |
| 0.24% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $386,792.57 | 391,000 | BN0ZRZ9 |
| 0.24% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $385,721.35 | 381,000 | BVBFJY7 |
| 0.24% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $385,345.50 | 465,000 | BS6RJF8 |
| 0.24% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $382,515.76 | 392,000 | BMY8TS4 |
| 0.24% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $378,314.98 | 367,000 | BV8DHB7 |
| 0.24% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $378,300.00 | 485,000 | BMH8323 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $374,181.35 | 404,000 | BRT7X56 |
| 0.23% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $371,687.14 | 581,000 | BMY0HH5 |
| 0.23% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $367,283.00 | 392,000 | BMXHJH1 |
| 0.23% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $366,508.33 | 367,000 | BSZ7DB3 |
| 0.23% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $365,720.94 | 349,000 | BS7XRZ1 |
| 0.23% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $365,550.51 | 393,591 | BMDB423 |
| 0.23% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $363,807.28 | 357,000 | BVMDN60 |
| 0.23% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $360,713.59 | 491,000 | BM93J39 |
| 0.23% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $357,580.91 | 345,000 | BVZMLG0 |
| 0.22% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $353,493.06 | 347,000 | BMXHQ92 |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $352,484.64 | 343,000 | BP091F3 |
| 0.22% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $350,847.50 | 343,000 | BRK14M1 |
| 0.22% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $349,215.77 | 333,000 | BP092P0 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $349,068.43 | 369,000 | BR4ZG56 |
| 0.22% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $348,853.87 | 338,000 | BR4XVS8 |
| 0.21% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $338,591.34 | 324,000 | BPK4CP5 |
| 0.21% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $336,999.94 | 312,000 | BMJ0LG7 |
| 0.21% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $329,773.28 | 325,000 | BSNMMD5 |
| 0.21% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $325,188.28 | 324,000 | BR113M3 |
| 0.19% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $305,394.41 | 297,000 | BRZWYJ6 |
| 0.19% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $302,108.40 | 300,000 | BTPH0K8 |
| 0.19% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $301,939.59 | 290,000 | BVF9246 |
| 0.19% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $301,584.16 | 300,000 | BVSYM93 |
| 0.19% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $298,636.03 | 283,000 | BR2NN28 |
| 0.19% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $293,829.50 | 400,000 | BNQPRV9 |
| 0.19% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $293,740.19 | 296,000 | BNTBJ41 |
| 0.18% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $286,568.27 | 293,000 | BSKP420 |
| 0.18% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $284,642.39 | 276,000 | BRT7527 |
| 0.18% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $281,194.83 | 282,000 | BVRTP89 |
| 0.17% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $271,533.58 | 401,000 | BP9LWV3 |
| 0.17% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $263,251.91 | 261,000 | BP812N6 |
| 0.16% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $254,211.63 | 239,000 | BMCMQL0 |
| 0.15% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $237,641.80 | 237,000 | BMD14K1 |
| 0.15% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $236,233.99 | 235,000 | BN765Z1 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $222,920.91 | 233,000 | BMD9BZ9 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $207,747.51 | 202,000 | BSD6D23 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $193,683.36 | 183,000 | BPK4TG5 |
| 0.12% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $190,674.49 | 188,000 | BQ3QRD8 |
| 0.10% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $162,841.49 | 177,000 | BM9SD09 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $141,416.55 | 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 | -- | $110,774.62 | 109,000 | BMTVRK6 |
| 0.07% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $109,919.20 | 109,000 | BPP2DX9 |
| 0.07% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $108,588.11 | 110,000 | BNM5Z19 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $80,780.58 | 79,000 | BS88ZW8 |
| 0.04% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $69,643.94 | 66,000 | BSNZ6B0 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,563.15 | 13,000 | BPH25H5 |
| -12.54% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2026 TYH6 COMDTY | -- | -- | -19,862,719 | -- | -177 | -- |
| -34.60% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2026 TUH6 COMDTY | -- | -- | -54,829,336 | -- | -263 | -- |
| -45.28% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2026 FVH6 COMDTY | -- | -- | -71,752,844 | -- | -658 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $9,094,032.35 | 9,094,032 | -- |
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