HYHG
High Yield—Interest Rate Hedged
Why Invest in HYHG?
-
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.
Why Invest in HYHG?
-
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.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
HYHG Market Price | 0.44% | 2.71% | 7.43% | 2.71% | 14.17% | 6.07% | 5.07% | 3.36% | 3.53% | 05/21/2013 |
HYHG NAV | 1.01% | 2.89% | 7.64% | 2.89% | 14.77% | 6.31% | 5.14% | 3.42% | 3.54% | 05/21/2013 |
FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.24% | 8.04% | 3.24% | 15.59% | 6.76% | 5.55% | 4.15% | 4.29% | -- |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
HYHG Market Price | 0.44% | 2.71% | 7.43% | 2.71% | 14.17% | 6.07% | 5.07% | 3.36% | 3.53% | 05/21/2013 |
HYHG NAV | 1.01% | 2.89% | 7.64% | 2.89% | 14.77% | 6.31% | 5.14% | 3.42% | 3.54% | 05/21/2013 |
FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.24% | 8.04% | 3.24% | 15.59% | 6.76% | 5.55% | 4.15% | 4.29% | -- |
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
- Distributions Monthly
Characteristics
as of 3/31/2024- Number of Companies --
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Distribution Yield 7.11%
Distribution Yield represents the annualized yield based on the last income distribution.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- SEC 30-Day Yield 7.26%
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.
- Weighted Average Yield to
Maturity 7.62% - Net Effective Duration -0.12%
Price
as of 4/17/2024- NAV $63.38
- NAV Change $-0.07
- Market Price $63.74
- Market Price Change $+0.22
- Trading Volume (M) 2,577
- 30-Day Median Bid Ask Spread 0.62%
- View Premium / Discount
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Unitary Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 3/31/2024- Number of Companies --
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Distribution Yield 7.11%
Distribution Yield represents the annualized yield based on the last income distribution.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- SEC 30-Day Yield 7.26%
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.
- Weighted Average Yield to Maturity 7.62%
- Net Effective Duration -0.12%
Price
as of 4/17/2024- NAV $63.38
- NAV Change $-0.07
- Market Price $63.74
- Market Price Change $+0.22
- Trading Volume (M) 2,577
- 30-Day Median Bid Ask Spread 0.62%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 4/17/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.78% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $2,391,884.36 | 2,491,000 | BM9QGV5 |
1.39% | -- | ORGANON & CO/ORG | 4.13% | 04/30/2028 | -- | $1,874,075.04 | 2,068,000 | BMV1LQ8 |
1.38% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,863,739.91 | 2,019,000 | BN765Z1 |
1.20% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,621,302.69 | 1,614,000 | BPX27Q2 |
1.20% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,612,614.84 | 1,719,000 | BN2QTP4 |
1.13% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $1,516,021.00 | 1,942,000 | BN2R7D1 |
1.11% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,488,987.91 | 1,523,000 | BQ67HZ0 |
0.96% | -- | MAUSER PACKAGING SOLUT | 7.88% | 08/15/2026 | -- | $1,292,909.18 | 1,285,000 | BQB4RH8 |
0.95% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,283,636.74 | 1,294,000 | BQB9NW0 |
0.93% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $1,256,049.65 | 1,469,000 | BMT6QQ0 |
0.91% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,225,712.77 | 1,265,000 | BMHYR18 |
0.91% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,219,921.82 | 1,324,000 | BMWDGR9 |
0.89% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,201,620.26 | 1,132,000 | BQ80PR5 |
0.89% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,199,911.25 | 1,384,000 | BMW7NB4 |
0.86% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,157,873.86 | 1,249,000 | BRJQLF9 |
0.86% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,156,198.92 | 1,169,000 | BPLP3M1 |
0.81% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $1,090,172.73 | 1,161,000 | BMZRC58 |
0.79% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $1,064,764.85 | 1,196,000 | BMW4P42 |
0.79% | -- | SIRIUS XM RADIO INC | 4.00% | 07/15/2028 | -- | $1,064,637.83 | 1,206,000 | BMBJVY0 |
0.77% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,031,085.32 | 1,057,000 | BPVDS42 |
0.76% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,029,250.07 | 1,032,000 | BS2FZM5 |
0.76% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,029,166.36 | 1,144,000 | BNTY069 |
0.76% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,027,024.70 | 1,000,000 | BL6CM66 |
0.76% | -- | NFP CORP | 6.88% | 08/15/2028 | -- | $1,023,240.90 | 1,007,000 | BLD6JG0 |
0.75% | -- | UNITED AIRLINES INC | 4.63% | 04/15/2029 | -- | $1,015,131.68 | 1,116,000 | BMG8788 |
0.75% | -- | AMERICAN AIRLINES/AADVAN | 5.50% | 04/20/2026 | -- | $1,006,249.56 | 1,019,250 | BM8H716 |
0.73% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $981,511.68 | 1,039,000 | BP0X973 |
0.73% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $976,710.47 | 966,000 | BR1H7L8 |
0.72% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $975,321.60 | 960,000 | BMYMZT9 |
0.71% | -- | DISH DBS CORP | 5.25% | 12/01/2026 | -- | $960,839.67 | 1,284,000 | BNRLYV5 |
0.71% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $953,784.07 | 1,099,000 | BPVBYZ9 |
0.70% | -- | CARNIVAL CORP | 4.00% | 08/01/2028 | -- | $945,926.12 | 1,042,000 | BMD9Z35 |
0.70% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $945,073.67 | 1,023,000 | BQKN5B6 |
0.69% | -- | CALPINE CORP | 4.50% | 02/15/2028 | -- | $932,711.30 | 1,002,000 | BJVS9S6 |
0.69% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $930,607.63 | 967,000 | BM8H783 |
0.69% | -- | POST HOLDINGS INC | 4.63% | 04/15/2030 | -- | $930,423.94 | 1,048,000 | BLCF601 |
0.69% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $929,364.01 | 922,000 | BRK4301 |
0.67% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $908,258.98 | 916,000 | BNDQTF3 |
0.66% | -- | ICAHN ENTERPRISES/FIN | 6.25% | 05/15/2026 | -- | $886,847.22 | 917,000 | BJ11SH7 |
0.66% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $883,955.80 | 879,000 | BPG22V9 |
0.65% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $879,706.25 | 993,000 | BNHT925 |
0.65% | -- | PRIME SECSRVC BRW/FINANC | 5.75% | 04/15/2026 | -- | $869,505.38 | 883,000 | BJTRRK3 |
0.62% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $841,514.15 | 967,000 | BMG1HP4 |
0.62% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $829,604.37 | 862,000 | BMG68Y5 |
0.60% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $811,198.84 | 914,000 | BN7SNC0 |
0.60% | -- | NCL CORPORATION LTD | 5.88% | 03/15/2026 | -- | $810,677.31 | 831,000 | BMB5SR0 |
0.60% | -- | UBER TECHNOLOGIES INC | 7.50% | 09/15/2027 | -- | $805,888.99 | 791,000 | BKPQNG9 |
0.58% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $784,927.79 | 932,000 | BN7RYH9 |
0.57% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $773,511.82 | 862,000 | BNW2059 |
0.57% | -- | UNICREDIT SPA | 7.30% | 04/02/2034 | -- | $764,630.38 | 760,000 | BJ0CMN5 |
0.57% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $763,299.67 | 848,000 | BNNPV76 |
0.57% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $761,967.15 | 873,000 | BLN9LB8 |
0.56% | -- | WINDSTREAM ESCROW LLC | 7.75% | 08/15/2028 | -- | $757,817.34 | 840,000 | BMH17V9 |
0.56% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $756,618.56 | 826,000 | BJNPGH3 |
0.55% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $746,818.46 | 770,000 | BS9C5X0 |
0.55% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $743,220.73 | 847,000 | BKPMPR2 |
0.55% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $741,030.76 | 822,000 | BNNTB78 |
0.55% | -- | ARDAGH PKG FIN/HLDGS USA | 4.13% | 08/15/2026 | -- | $735,385.85 | 872,000 | BK5HL35 |
0.52% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $698,259.98 | 665,000 | BRT75V6 |
0.51% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $693,478.76 | 662,000 | BRBH8M6 |
0.51% | -- | ALTICE FRANCE SA | 5.13% | 07/15/2029 | -- | $684,348.01 | 1,061,000 | BM9V193 |
0.51% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $684,147.31 | 721,000 | BMC7DR0 |
0.51% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $683,240.00 | 899,000 | BNBTNV8 |
0.51% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $681,474.38 | 748,000 | BQ1PCD2 |
0.50% | -- | AIR CANADA | 3.88% | 08/15/2026 | -- | $670,215.19 | 711,000 | BNNNHG1 |
0.49% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $658,838.66 | 628,000 | BLDCTF7 |
0.49% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $657,642.28 | 735,000 | BNTBJ41 |
0.49% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $653,640.88 | 783,000 | BP7LR98 |
0.48% | -- | CLEAR CHANNEL OUTDOOR HO | 5.13% | 08/15/2027 | -- | $651,008.70 | 705,000 | BJ9NFT6 |
0.48% | -- | ELECTRICITE DE FRANCE SA | 9.13% | -- | -- | $647,173.77 | 595,000 | BQKRVG5 |
0.47% | -- | ROYAL CARIBBEAN CRUISES | 6.25% | 03/15/2032 | -- | $631,348.33 | 644,000 | BSNSDT6 |
0.46% | -- | VERITAS US INC/BERMUDA L | 7.50% | 09/01/2025 | -- | $626,307.07 | 690,000 | BL6B0F8 |
0.46% | -- | CSC HOLDINGS LLC | 5.75% | 01/15/2030 | -- | $622,107.49 | 1,386,000 | BKFH0Y9 |
0.46% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $617,329.43 | 611,000 | BPG27W5 |
0.46% | -- | SELECT MEDICAL CORP | 6.25% | 08/15/2026 | -- | $617,163.12 | 619,000 | BKPHQM9 |
0.46% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $614,099.31 | 921,000 | BLBQF75 |
0.45% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $612,048.08 | 592,000 | BNRPC80 |
0.45% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $606,439.82 | 596,000 | BLC8Z03 |
0.45% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $605,152.36 | 548,000 | BR1YST4 |
0.45% | -- | ALLIED UNIVERSAL | 9.75% | 07/15/2027 | -- | $601,436.21 | 606,000 | BJYCQ84 |
0.45% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $600,799.32 | 646,000 | BMVVY70 |
0.44% | -- | ALTICE FRANCE SA | 5.50% | 10/15/2029 | -- | $596,136.71 | 928,000 | BMXJSV4 |
0.44% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $592,107.74 | 612,000 | BKPGFV8 |
0.44% | -- | BLOCK INC | 2.75% | 06/01/2026 | -- | $590,043.48 | 633,000 | BMX4FJ6 |
0.43% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $578,528.21 | 650,000 | BLSN159 |
0.43% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $578,293.80 | 622,000 | BLCC408 |
0.43% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $576,056.25 | 550,000 | BRCDDH3 |
0.42% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $571,928.16 | 542,000 | BQFHT88 |
0.42% | -- | STAPLES INC | 10.75% | 04/15/2027 | -- | $570,332.93 | 613,000 | BK0L4Q6 |
0.42% | -- | NOVELIS CORP | 4.75% | 01/30/2030 | -- | $564,388.66 | 624,000 | BKLPSC1 |
0.42% | -- | STANDARD INDUSTRIES INC | 4.38% | 07/15/2030 | -- | $562,441.63 | 642,000 | BMYXXP4 |
0.41% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $557,213.69 | 564,000 | BQB88K0 |
0.41% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $556,622.35 | 687,000 | BMFBJQ0 |
0.40% | -- | IQVIA INC | 5.00% | 05/15/2027 | -- | $541,842.69 | 562,000 | BK62T46 |
0.40% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $540,803.34 | 589,000 | BM8H4Y8 |
0.40% | -- | SOUTHWESTERN ENERGY CO | 4.75% | 02/01/2032 | -- | $540,004.10 | 600,000 | BMH4406 |
0.40% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $539,630.58 | 634,000 | BMX50K5 |
0.39% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $530,114.50 | 500,000 | BS3BCF4 |
0.39% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $523,035.54 | 514,000 | BS7XRZ1 |
0.38% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $517,475.57 | 506,000 | BPK4CP5 |
0.37% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $502,792.99 | 477,000 | BR1H4Z1 |
0.37% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $501,188.35 | 523,000 | BMDXC58 |
0.37% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $499,295.32 | 598,000 | BM94BT2 |
0.36% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $489,761.21 | 558,000 | BLDBLN6 |
0.36% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $488,736.88 | 552,000 | BMFNGQ5 |
0.36% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $488,167.45 | 500,000 | BPW9BQ2 |
0.36% | -- | HAWAIIAN BRAND INTELLECT | 5.75% | 01/20/2026 | -- | $485,697.31 | 518,000 | BMGWDD7 |
0.36% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $485,254.38 | 500,000 | BS7Y6M4 |
0.36% | -- | VERICAST CORP | 11.00% | 09/15/2026 | -- | $482,445.00 | 453,000 | BP96BJ9 |
0.36% | -- | CITGO PETROLEUM CORP | 7.00% | 06/15/2025 | -- | $481,855.15 | 484,000 | BM9SDG5 |
0.35% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $474,181.73 | 549,000 | BPLFC68 |
0.35% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $472,145.18 | 463,000 | BRBCTZ1 |
0.35% | -- | NEXSTAR MEDIA INC | 5.63% | 07/15/2027 | -- | $471,204.16 | 503,000 | BJXR8L7 |
0.35% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $470,481.72 | 453,000 | BMCMQL0 |
0.35% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $470,387.75 | 500,000 | BPP2DX9 |
0.35% | -- | STAPLES INC | 7.50% | 04/15/2026 | -- | $468,453.20 | 483,000 | BK0L4K0 |
0.35% | -- | MOHEGAN TRIBAL GAMING AU | 8.00% | 02/01/2026 | -- | $466,212.51 | 486,000 | BMYW168 |
0.35% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $465,411.59 | 450,000 | BR53N25 |
0.34% | -- | ROYAL CARIBBEAN CRUISES | 5.50% | 04/01/2028 | -- | $460,143.42 | 474,000 | BN486D5 |
0.34% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $459,206.10 | 561,000 | BKVH9C4 |
0.34% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $455,391.13 | 509,000 | BLC9L19 |
0.34% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $452,261.79 | 519,000 | BMT7QC9 |
0.34% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $452,072.26 | 464,000 | BRBDSH9 |
0.34% | -- | UNITED AIRLINES INC | 4.38% | 04/15/2026 | -- | $451,855.22 | 471,000 | BMG8799 |
0.33% | -- | CHS/COMMUNITY HEALTH SYS | 5.25% | 05/15/2030 | -- | $450,000.46 | 576,000 | BPVBWV1 |
0.33% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $449,439.16 | 446,000 | BNKBFF3 |
0.33% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $442,993.68 | 443,000 | BMFKW46 |
0.33% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $438,048.43 | 420,000 | BMGC188 |
0.32% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $434,578.67 | 457,000 | BQ3QRD8 |
0.32% | -- | TRIUMPH GROUP INC | 9.00% | 03/15/2028 | -- | $433,732.75 | 417,000 | BQT56H6 |
0.32% | -- | CRESCENT ENERGY FINANCE | 9.25% | 02/15/2028 | -- | $430,151.78 | 411,000 | BPQYX34 |
0.32% | -- | NCR VOYIX CORP | 5.13% | 04/15/2029 | -- | $429,676.02 | 476,000 | BL6KR10 |
0.32% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $428,820.52 | 419,000 | BPLL6H5 |
0.31% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $420,664.52 | 455,000 | BJLTTQ7 |
0.31% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $417,543.96 | 449,000 | BMW2W01 |
0.31% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 10/15/2027 | -- | $414,923.03 | 430,000 | BJK69N6 |
0.31% | -- | SOUTHWESTERN ENERGY CO | 5.38% | 03/15/2030 | -- | $414,385.53 | 440,000 | BMDVV88 |
0.31% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $413,564.40 | 400,000 | BRT7527 |
0.31% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $411,938.00 | 400,000 | BR1YSV6 |
0.30% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $408,346.75 | 552,000 | BP4Z8H8 |
0.30% | -- | CCO HLDGS LLC/CAP CORP | 4.75% | 03/01/2030 | -- | $406,693.03 | 491,000 | BK6WV51 |
0.30% | -- | HERC HOLDINGS INC | 5.50% | 07/15/2027 | -- | $406,178.84 | 420,000 | BHWTW85 |
0.30% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $406,082.74 | 400,000 | BP5JP78 |
0.30% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $405,885.57 | 443,000 | BMHBB51 |
0.30% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $405,878.90 | 488,000 | BKPJT48 |
0.30% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $400,580.65 | 438,000 | BMW5D63 |
0.28% | -- | CALPINE CORP | 5.13% | 03/15/2028 | -- | $383,745.02 | 409,000 | BKZMMC6 |
0.28% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $383,025.05 | 432,000 | BMY8TS4 |
0.28% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $382,756.68 | 456,000 | BNM51T9 |
0.28% | -- | ILIAD HOLDING SAS | 6.50% | 10/15/2026 | -- | $382,542.56 | 391,000 | BLCW8V7 |
0.28% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $380,134.09 | 432,000 | BNQPRV9 |
0.28% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $379,291.24 | 422,000 | BP83D39 |
0.28% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $379,251.68 | 615,000 | BLB14D9 |
0.28% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $379,080.34 | 523,000 | BN6JYJ8 |
0.28% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $375,192.66 | 393,000 | BMTN6F0 |
0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $372,948.76 | 415,000 | BNM5Z19 |
0.28% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $372,836.70 | 500,000 | BMDHSY1 |
0.28% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $372,064.67 | 373,000 | BM8K1F7 |
0.28% | -- | VISTRA CORP | 5.00% | 07/31/2027 | -- | $371,441.32 | 391,000 | BHRH886 |
0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $369,220.29 | 410,000 | BM9PWX6 |
0.27% | -- | EQM MIDSTREAM PARTNERS L | 4.75% | 01/15/2031 | -- | $367,961.89 | 407,000 | BMD50V6 |
0.27% | -- | BOMBARDIER INC | 7.13% | 06/15/2026 | -- | $366,588.12 | 365,000 | BMVZBM6 |
0.27% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $364,852.53 | 370,000 | BMCGQ56 |
0.27% | -- | CEDAR FAIR/CAN/MAGNUM/MI | 5.50% | 05/01/2025 | -- | $361,187.67 | 362,000 | BMTRDY0 |
0.26% | -- | TRIVIUM PACKAGING FIN | 5.50% | 08/15/2026 | -- | $355,111.04 | 367,000 | BK0YKJ0 |
0.26% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $354,714.45 | 392,000 | BMXHJH1 |
0.26% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $353,488.18 | 435,000 | BMH8323 |
0.26% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $353,152.94 | 367,000 | BMVXP62 |
0.26% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $352,691.07 | 394,000 | BMBV4H0 |
0.26% | -- | NMG HLDCO/NEIMAN MARCUS | 7.13% | 04/01/2026 | -- | $350,365.84 | 354,000 | BNRLH72 |
0.26% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $347,601.25 | 365,000 | BMD14K1 |
0.26% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $343,953.87 | 398,000 | BMD9BZ9 |
0.25% | -- | COMMSCOPE INC | 4.75% | 09/01/2029 | -- | $343,096.88 | 495,000 | BLDBLL4 |
0.25% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $339,542.98 | 424,000 | BNKLFF3 |
0.25% | -- | UBER TECHNOLOGIES INC | 4.50% | 08/15/2029 | -- | $338,457.92 | 364,000 | BNSNM61 |
0.24% | -- | 1011778 BC / NEW RED FIN | 3.88% | 01/15/2028 | -- | $327,911.90 | 358,000 | BJJJT70 |
0.24% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $324,496.91 | 336,000 | BN95KZ1 |
0.24% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2027 | -- | $323,447.77 | 334,000 | BNHV2Z5 |
0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $321,874.88 | 361,000 | BNKFMN2 |
0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $319,469.84 | 384,000 | BN6KWY2 |
0.24% | -- | VIRGIN MEDIA SECURED FIN | 5.50% | 05/15/2029 | -- | $318,962.36 | 353,000 | BJDQX75 |
0.23% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $315,476.27 | 380,000 | BMG3813 |
0.23% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $314,944.15 | 319,000 | BM8SW92 |
0.23% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $308,823.98 | 360,000 | BNHW2C5 |
0.23% | -- | RAKUTEN GROUP INC | 6.25% | -- | -- | $308,388.45 | 421,000 | BP2FD31 |
0.23% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $306,302.10 | 300,000 | BNQQSS6 |
0.23% | -- | STANDARD INDUSTRIES INC | 3.38% | 01/15/2031 | -- | $305,854.74 | 374,000 | BMFNDV9 |
0.23% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $304,264.35 | 301,000 | BMZMHS1 |
0.22% | -- | AMC NETWORKS INC | 4.25% | 02/15/2029 | -- | $299,441.03 | 440,000 | BLCHH93 |
0.22% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $297,599.99 | 373,000 | BLBQFB9 |
0.22% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $296,185.43 | 441,000 | BMF4PW7 |
0.22% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $290,089.77 | 324,000 | BMH29D8 |
0.21% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $288,764.37 | 332,000 | BLFGYK7 |
0.21% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $284,955.29 | 659,000 | BM9TR00 |
0.21% | -- | NEWS CORP | 3.88% | 05/15/2029 | -- | $278,567.78 | 313,000 | BMV9PS2 |
0.20% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $275,767.58 | 300,000 | BM9QJS3 |
0.20% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $270,243.86 | 366,000 | BP9LWV3 |
0.20% | -- | GRAY TELEVISION INC | 5.38% | 11/15/2031 | -- | $265,633.21 | 458,000 | BM93J39 |
0.18% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $245,363.38 | 256,000 | BQB7JV5 |
0.18% | -- | TRANSOCEAN INC | 8.75% | 02/15/2030 | -- | $235,834.73 | 228,600 | BL0NW76 |
0.17% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $228,193.95 | 246,000 | BMDB423 |
0.17% | -- | WESCO DISTRIBUTION INC | 7.13% | 06/15/2025 | -- | $222,652.03 | 223,000 | BMYMZS8 |
0.16% | -- | CMG MEDIA CORPORATION | 8.88% | 12/15/2027 | -- | $214,136.58 | 353,000 | BK7CY84 |
0.16% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $212,369.61 | 268,000 | BNHS096 |
0.15% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $204,701.09 | 238,000 | BN7S9F5 |
0.14% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $193,561.87 | 211,000 | BL57W73 |
0.14% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $185,846.50 | 425,000 | BM9M1M9 |
0.13% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $178,079.74 | 178,000 | BQKRVC1 |
0.13% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $177,385.84 | 198,000 | BMVXSB8 |
0.12% | -- | ALBERTSONS COS/SAFEWAY | 4.63% | 01/15/2027 | -- | $162,192.49 | 171,000 | BK0SQV6 |
0.11% | -- | PG&E CORP | 5.00% | 07/01/2028 | -- | $154,835.83 | 164,000 | BLCC3Z6 |
0.11% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $150,289.69 | 165,000 | BP815Z9 |
0.10% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $137,604.00 | 152,000 | BMF4PS3 |
0.10% | -- | PRIME SECSRVC BRW/FINANC | 6.25% | 01/15/2028 | -- | $135,168.15 | 140,000 | BKVKXB0 |
0.09% | -- | SIRIUS XM RADIO INC | 3.88% | 09/01/2031 | -- | $116,555.04 | 146,000 | BM9SD09 |
0.08% | -- | BOMBARDIER INC | 7.88% | 04/15/2027 | -- | $111,776.62 | 112,000 | BHL3S24 |
0.08% | -- | CAESARS ENTERTAIN INC | 8.13% | 07/01/2027 | -- | $101,367.30 | 100,000 | BLFBXK5 |
0.07% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $98,755.74 | 100,000 | BNM6H94 |
0.07% | -- | ORGANON & CO/ORG | 5.13% | 04/30/2031 | -- | $88,078.10 | 103,000 | BMV1L02 |
0.05% | -- | ICAHN ENTERPRISES/FIN | 5.25% | 05/15/2027 | -- | $62,764.61 | 69,000 | BLGSGV7 |
0.04% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $56,101.91 | 60,000 | BNBTL14 |
0.03% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $36,859.80 | 42,000 | BMXC0P1 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,293,511.56 | 6,293,512 | -- |
-25.29% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2024 TYM4 COMDTY | -- | -- | -34,069,219 | -- | -315 | -- |
-34.09% | -- | US 2YR NOTE (CBT) BOND 28/JUN/2024 TUM4 COMDTY | -- | -- | -45,920,375 | -- | -226 | -- |
-38.91% | -- | US 5YR NOTE (CBT) BOND 28/JUN/2024 FVM4 COMDTY | -- | -- | -52,410,610 | -- | -498 | -- |
Index
as of 3/28/2024
- Total Number of Issues237
- Long Portfolio Duration3.56
- Net Effective Duration0.00
- Long Portfolio Yield7.88
- Net Index Yield9.04
About the Index
The index is comprised of (a) long positions in USD-denominated high yield corporate bonds ("high yield bonds") and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration. In entering these positions, the index seeks to achieve an overall effective duration of zero.
By taking such short positions, the index seeks to mitigate the potential negative impact of rising Treasury interest rates ("interest rates") on the performance of high yield bonds (conversely limiting the potential positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of high yield bonds, such as credit risk, which may have a greater impact than rising or falling interest rates.
The long high yield corporate bond positions included in the index are designed to represent the more liquid universe of high yield bonds for sale within the United States. Currently, the bonds eligible for inclusion in the index include high yield bonds that are issued by companies domiciled in the U.S. and Canada, and that are: fixed rate (including callable bonds); have a maximum rating of Ba1/BB+ by both Moody's Investors Service, Inc. ("Moody's") and Standard and Poor's Financial Services, LLC ("S&P"); and are subject to minimum issue outstanding, minimum time to maturity and maximum time from issuance criteria. Pay-in-kind bonds (which allow issuers the option of paying bondholders interest in additional securities or cash) are excluded. No more than two issues from each issuer are allowed, and no more than 2% of the index is allocated to any single issuer.
The index is reconstituted and rebalanced (including a reset of the duration-equivalent short position in Treasury Securities) on a monthly basis.
Distributions
For
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
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