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 2/28/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | -0.67% | 0.98% | 2.24% | 0.03% | 5.02% | 9.08% | 6.74% | 6.63% | 4.07% | 05/21/2013 |
| HYHG Market Price | -0.95% | 1.21% | 2.31% | 0.13% | 2.78% | 9.18% | 6.77% | 6.67% | 4.08% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | -0.59% | 1.08% | 2.50% | 0.29% | 5.55% | 9.49% | 7.13% | 7.32% | 4.77% | -- |
| 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 2/28/2026- Number of Companies 235
- Net Effective Duration -0.19523
Price
as of 3/09/2026- NAV $63.80
- NAV Change $-0.03
- Market Price $64.05
- Market Price Change $+0.38
- Trading Volume (M) 20,099
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Monthly
- 12-Month Yield 6.98%
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
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 2/28/2026- Number of Companies 235
- Net Effective Duration -0.19523
Price
as of 3/09/2026- NAV $63.80
- NAV Change $-0.03
- Market Price $64.05
- Market Price Change $+0.38
- Trading Volume (M) 20,099
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Monthly
- 12-Month Yield 6.98%
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 3/09/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.54% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,534,080.08 | 2,471,000 | BS9G792 |
| 1.50% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,457,456.30 | 2,385,000 | BPH26F0 |
| 1.46% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $2,405,347.17 | 2,308,000 | BNBV5N0 |
| 1.25% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,059,209.33 | 1,895,000 | BR54DP1 |
| 1.24% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,034,824.79 | 2,071,000 | BN2QTP4 |
| 1.13% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,855,840.18 | 1,806,000 | BV4K8M0 |
| 1.12% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,831,982.63 | 1,743,000 | BW5ZMJ6 |
| 0.98% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,609,934.77 | 1,592,000 | BT7MYF4 |
| 0.83% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,364,802.82 | 1,338,000 | BQ67HZ0 |
| 0.82% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,345,045.01 | 1,242,000 | BP2F579 |
| 0.79% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,290,454.26 | 1,264,000 | BNM6H94 |
| 0.79% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,290,057.78 | 1,283,000 | BS2FMQ8 |
| 0.78% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,274,146.76 | 1,254,000 | BVDKGM7 |
| 0.77% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,268,931.25 | 1,250,000 | BRXZ215 |
| 0.77% | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,260,827.50 | 1,861,000 | BTPF2W8 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,206,933.82 | 1,223,000 | BMVXSB8 |
| 0.73% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,197,363.86 | 1,154,000 | BRK4301 |
| 0.73% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,193,640.00 | 1,176,000 | BSTKQX1 |
| 0.71% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,173,467.47 | 1,179,000 | BSHT8Y5 |
| 0.70% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,144,071.66 | 1,096,000 | BV5GRT7 |
| 0.70% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,143,724.84 | 1,170,000 | BRJQLF9 |
| 0.69% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,132,720.89 | 1,140,000 | BM8H783 |
| 0.69% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,126,822.54 | 1,074,000 | BRSF6F2 |
| 0.66% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,089,254.73 | 1,091,000 | BQKN5B6 |
| 0.66% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $1,087,099.50 | 1,047,000 | BVMR221 |
| 0.66% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,086,672.17 | 1,073,000 | BV6KVR4 |
| 0.64% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,045,002.86 | 1,068,000 | BVF9138 |
| 0.63% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,039,041.11 | 1,038,000 | BM8K6S5 |
| 0.63% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,034,843.45 | 1,037,000 | BV4FWX4 |
| 0.63% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,033,830.93 | 1,019,000 | BV99DS3 |
| 0.62% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,025,648.93 | 996,000 | BPLP3M1 |
| 0.62% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,024,511.00 | 1,000,000 | BT7HWD3 |
| 0.62% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,016,649.00 | 1,000,000 | BW2K4P4 |
| 0.61% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,008,950.75 | 1,168,000 | BMVZMH8 |
| 0.61% | -- | SV RNO PROPERTY OWNER 1 LLC CALLABLE NOTES FIXED 5.875% 01/MAR/2031 USD 1000 | -- | -- | -- | $995,025.18 | 1,000,000 | -- |
| 0.60% | -- | ALBERTSONS COS INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC CALLABLE NOTES FIXED 5.75% 31/MAR/2034 USD 1000 | -- | -- | -- | $992,665.19 | 1,000,000 | -- |
| 0.60% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $983,894.31 | 945,000 | BQ2KRF3 |
| 0.59% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $976,385.76 | 977,000 | BMWDGR9 |
| 0.59% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $975,610.95 | 1,006,000 | BS2FZM5 |
| 0.59% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $962,084.48 | 929,000 | BT7HYL5 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $955,631.31 | 937,000 | BQMJ1N6 |
| 0.57% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $937,767.15 | 866,000 | BQ80PR5 |
| 0.57% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $935,794.82 | 901,000 | BLC8Z03 |
| 0.56% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $920,836.42 | 901,000 | BNZG7Q8 |
| 0.56% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $918,885.51 | 889,000 | BQB9NW0 |
| 0.56% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $915,253.56 | 988,000 | BS89C64 |
| 0.54% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $885,754.83 | 941,000 | BN7SNC0 |
| 0.54% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $879,296.25 | 875,000 | BVBFJY7 |
| 0.53% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $877,263.39 | 1,001,000 | BM94BT2 |
| 0.53% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $863,293.53 | 868,000 | BM9YJB0 |
| 0.52% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $854,608.30 | 880,000 | BMBJVY0 |
| 0.51% | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $844,770.41 | 951,000 | BRJHSK6 |
| 0.51% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $840,566.95 | 835,000 | BS6V604 |
| 0.50% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $828,253.73 | 846,000 | BMV1LQ8 |
| 0.50% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $826,777.48 | 798,000 | BP9MC16 |
| 0.50% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $821,512.30 | 798,000 | BS6S7M4 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $806,134.27 | 799,000 | BNDQTF3 |
| 0.49% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $806,009.36 | 800,000 | BVK50T0 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $805,771.84 | 826,000 | BJNPGH3 |
| 0.49% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $798,694.14 | 782,000 | BM8K1F7 |
| 0.49% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $797,370.47 | 827,000 | BRXCZB7 |
| 0.48% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $792,518.54 | 793,000 | BPVDS42 |
| 0.47% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $779,686.34 | 750,000 | BVK6BT0 |
| 0.47% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $778,150.36 | 772,000 | BNTZ4D7 |
| 0.47% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $770,322.63 | 735,000 | BRT75V6 |
| 0.47% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $767,488.69 | 1,078,000 | BRBCV11 |
| 0.47% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $766,963.82 | 726,000 | BRQPKY1 |
| 0.46% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $759,146.88 | 742,000 | BTTRMX1 |
| 0.46% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $755,097.00 | 750,000 | BS84Y29 |
| 0.46% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $748,473.48 | 748,000 | BQ1PCD2 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $747,085.58 | 737,000 | BPW9BQ2 |
| 0.45% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $731,348.25 | 690,000 | BVK4MV3 |
| 0.44% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $728,286.16 | 805,000 | BMBVFS8 |
| 0.44% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $726,583.96 | 724,000 | BNRNCC8 |
| 0.43% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $711,330.72 | 685,000 | BSNQ215 |
| 0.43% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $708,309.90 | 675,000 | BNQQSS6 |
| 0.42% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $696,501.03 | 737,353 | BT68Y19 |
| 0.42% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $692,790.47 | 682,000 | BMF9C65 |
| 0.42% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $688,183.94 | 697,000 | BMZBL86 |
| 0.42% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $686,603.98 | 695,000 | BTPH0K8 |
| 0.42% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $684,617.89 | 642,000 | BTWWV25 |
| 0.41% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $681,120.54 | 799,000 | BNNPV76 |
| 0.41% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $680,669.90 | 674,000 | BR886L7 |
| 0.41% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $670,997.32 | 767,000 | BMV1L02 |
| 0.41% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $668,119.54 | 649,000 | BTCK903 |
| 0.40% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $665,098.16 | 675,000 | BVMS268 |
| 0.39% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $647,963.01 | 638,000 | BTFHQJ9 |
| 0.39% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $639,449.77 | 630,000 | BV3PLR2 |
| 0.39% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $635,618.70 | 665,000 | BPVBYZ9 |
| 0.39% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $634,600.28 | 628,000 | BVMDN60 |
| 0.38% | -- | UNITED AIRLINES HOLDINGS INC CALLABLE NOTES FIXED 4.875% 01/MAR/2029 USD 1000 | -- | -- | -- | $631,887.32 | 638,000 | -- |
| 0.38% | -- | FIRST QUANTUM MINERALS LTD CALLABLE NOTES FIXED 6.375% 15/FEB/2036 USD 1000 | -- | -- | -- | $631,767.49 | 640,000 | -- |
| 0.38% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $631,508.14 | 617,000 | BLB3TG3 |
| 0.38% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $628,027.70 | 613,000 | BP946X2 |
| 0.38% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $625,285.81 | 601,000 | BPG27W5 |
| 0.38% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $623,575.91 | 607,000 | BQXJKM7 |
| 0.38% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $621,612.02 | 629,000 | BMVXP62 |
| 0.37% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $609,586.40 | 602,000 | BQTWXH6 |
| 0.36% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $597,024.65 | 594,000 | BNHS096 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $591,044.91 | 581,000 | BPX27Q2 |
| 0.36% | -- | BLACK PEARL COMPUTE LLC CALLABLE NOTES FIXED 6.125% 15/FEB/2031 USD 1000 | -- | -- | -- | $587,796.52 | 578,000 | -- |
| 0.36% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $584,881.13 | 585,000 | BTFHSL5 |
| 0.35% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $582,930.19 | 566,000 | BVF9246 |
| 0.35% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $582,389.19 | 548,000 | BTCCGD1 |
| 0.35% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $573,344.77 | 546,000 | BT3NFD6 |
| 0.34% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $561,927.35 | 543,000 | BRBCTZ1 |
| 0.34% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $560,832.72 | 560,000 | BTGTPC0 |
| 0.34% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $559,656.81 | 556,000 | BQB7JV5 |
| 0.34% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $558,488.83 | 528,000 | BLDCTF7 |
| 0.34% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $557,806.15 | 550,000 | BMVXP51 |
| 0.34% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $555,084.18 | 630,000 | BP7LR98 |
| 0.33% | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $549,343.30 | 550,000 | BSSBTZ8 |
| 0.33% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $547,265.26 | 525,000 | BTJS1V5 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $541,559.48 | 505,000 | BRCDDH3 |
| 0.33% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $536,152.21 | 550,000 | BNW2059 |
| 0.32% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $530,071.22 | 536,000 | BVBG0S1 |
| 0.32% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $525,642.92 | 530,000 | BTXQV60 |
| 0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $524,288.36 | 529,000 | BMW2W01 |
| 0.32% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $521,950.29 | 576,000 | BS84LN9 |
| 0.32% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $520,191.00 | 500,000 | BMGDND0 |
| 0.31% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $516,990.00 | 500,000 | BS9C5X0 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $512,267.62 | 563,000 | BS3BCF4 |
| 0.31% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $509,249.19 | 511,000 | BLDCF37 |
| 0.31% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $508,097.02 | 497,000 | BRZWYJ6 |
| 0.31% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $508,000.11 | 473,000 | BR1H4Z1 |
| 0.31% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $507,871.45 | 542,000 | BLDBLN6 |
| 0.31% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $507,083.51 | 485,000 | BVK4BV6 |
| 0.31% | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $505,787.60 | 488,000 | BR55K64 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $504,352.94 | 517,000 | BLC9L19 |
| 0.31% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $503,502.96 | 492,000 | BVZMLG0 |
| 0.30% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $500,971.50 | 500,000 | BVBFJZ8 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $495,974.16 | 495,000 | BN6MM59 |
| 0.30% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $494,810.95 | 522,000 | BVSYM93 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $494,490.00 | 489,000 | BT3CPW2 |
| 0.30% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $494,377.83 | 496,000 | BNTBJ41 |
| 0.30% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $491,834.18 | 719,000 | BMWT6D3 |
| 0.30% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $490,451.27 | 486,000 | BQT2NG5 |
| 0.30% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $489,441.10 | 500,000 | BQ689G8 |
| 0.29% | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $484,126.65 | 500,000 | BL9XM77 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $482,170.50 | 450,000 | BR1YSV6 |
| 0.29% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $482,131.80 | 467,000 | BV8DHB7 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $478,033.46 | 483,000 | BM8H4Y8 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $477,798.71 | 464,000 | BQKRVC1 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $477,335.97 | 495,000 | BMH29D8 |
| 0.29% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $476,688.84 | 496,000 | BT9NKJ1 |
| 0.29% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $474,094.42 | 466,000 | BTTRLD4 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $473,608.52 | 467,000 | BMCGQ56 |
| 0.29% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $471,054.15 | 450,000 | BP5JP78 |
| 0.29% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $469,177.67 | 611,000 | BM93J39 |
| 0.28% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $468,074.32 | 446,000 | BMGC188 |
| 0.28% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $466,486.58 | 437,000 | BS88506 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $466,153.20 | 450,000 | BR53N25 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $464,267.12 | 467,000 | BT7JWZ1 |
| 0.28% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $463,938.15 | 461,000 | BP812N6 |
| 0.28% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $462,093.52 | 490,000 | BNKLFF3 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $458,066.66 | 492,000 | BPLFC68 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $457,952.48 | 441,000 | BPLL6H5 |
| 0.28% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $456,871.79 | 426,000 | BMZMHS1 |
| 0.28% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $455,123.70 | 433,000 | BP092P0 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $454,047.55 | 449,000 | BQ9D885 |
| 0.28% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $453,828.61 | 448,000 | BV0YZ47 |
| 0.28% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $453,603.75 | 436,000 | BRC2671 |
| 0.27% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $447,678.51 | 435,000 | BP092B6 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $447,634.62 | 442,000 | BSKP420 |
| 0.27% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $440,061.98 | 432,000 | BP4YGK4 |
| 0.27% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $439,735.77 | 459,000 | BMT7QC9 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $439,463.58 | 436,000 | BN95KZ1 |
| 0.27% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $439,050.21 | 550,000 | BV2JDH9 |
| 0.27% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $438,275.68 | 419,000 | BNRPLW7 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $438,165.72 | 443,000 | BMHBB51 |
| 0.26% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $433,054.04 | 413,000 | BV1C948 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $429,370.28 | 427,000 | BL54J73 |
| 0.26% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $428,953.92 | 433,000 | BM9PWX6 |
| 0.26% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $426,541.54 | 412,000 | BNRPV83 |
| 0.26% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $426,087.48 | 420,000 | BSVLRC8 |
| 0.26% | -- | PERFORMANCE FOOD GROUP INC CALLABLE NOTES FIXED 5.625% 01/MAR/2034 USD 1000 | -- | -- | -- | $425,139.51 | 429,000 | -- |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $419,648.75 | 407,000 | BM8SW92 |
| 0.26% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $419,018.86 | 408,000 | BQB88K0 |
| 0.25% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $418,239.16 | 425,000 | BRS7WN8 |
| 0.25% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $414,962.47 | 409,000 | BVDKGL6 |
| 0.25% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $414,380.12 | 418,000 | BMW2F91 |
| 0.25% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $410,568.63 | 442,000 | BMY8TS4 |
| 0.25% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $410,329.20 | 400,000 | BVBCQP8 |
| 0.25% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $409,414.55 | 452,000 | BP4Z8H8 |
| 0.25% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $409,391.08 | 391,000 | BMCGQM3 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $408,961.70 | 393,000 | BMW2FL3 |
| 0.25% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $405,795.83 | 391,000 | BVMSGF5 |
| 0.25% | -- | TKC HOLDINGS INC CALLABLE NOTES FIXED 8.5% 15/AUG/2030 USD 1000 | -- | -- | -- | $405,383.60 | 399,000 | -- |
| 0.24% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $398,403.68 | 378,000 | BPBRSM2 |
| 0.24% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $396,834.11 | 393,000 | BRK14M1 |
| 0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $396,628.42 | 417,000 | BN6KWY2 |
| 0.24% | -- | HOWDEN UK REFINANCE PLC / HOWDEN UK REFINANCE 2 PLC / HOWDEN US REFINANCE LLC CALLABLE NOTES FIXED 8.125% 15/FEB/2032 USD 1000 | -- | -- | -- | $396,414.46 | 417,000 | -- |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $394,576.35 | 422,000 | BP83D39 |
| 0.24% | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $392,488.54 | 391,000 | BN49RB3 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $391,771.56 | 382,000 | BRBDSH9 |
| 0.24% | -- | SM ENERGY CO | 8.38% | 07/01/2028 | -- | $387,638.49 | 376,000 | BRT7527 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $387,150.42 | 404,000 | BRT7X56 |
| 0.23% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $382,437.22 | 391,000 | BN0ZRZ9 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $380,941.86 | 382,000 | BRBVMG0 |
| 0.23% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $377,551.86 | 371,000 | BMC94W8 |
| 0.23% | -- | ADD | 6.75% | 08/01/2032 | -- | $374,158.34 | 382,000 | BVRTP89 |
| 0.23% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $371,765.38 | 408,000 | BM9SD09 |
| 0.23% | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $370,596.97 | 367,000 | BQT2NL0 |
| 0.22% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $366,431.80 | 393,591 | BMDB423 |
| 0.22% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $364,760.20 | 367,000 | BSZ7DB3 |
| 0.22% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $360,167.56 | 367,000 | BNM5Z19 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $355,670.44 | 349,000 | BMCMQL0 |
| 0.22% | -- | PG&E CORP CALLABLE NOTES VARIABLE 15/SEP/2056 USD 1000 | -- | -- | -- | $354,512.95 | 354,000 | -- |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $353,362.03 | 343,000 | BP091F3 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $348,076.05 | 347,000 | BMXHQ92 |
| 0.21% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $348,046.04 | 338,000 | BR4XVS8 |
| 0.21% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $347,929.39 | 333,000 | BR2NN28 |
| 0.21% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $342,645.00 | 431,000 | BRPT5J4 |
| 0.21% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $338,158.94 | 337,000 | BVYL9V9 |
| 0.21% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $337,832.53 | 324,000 | BPK4CP5 |
| 0.20% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $328,567.82 | 312,000 | BMJ0LG7 |
| 0.20% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $323,213.07 | 324,000 | BR113M3 |
| 0.19% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $313,600.00 | 392,000 | BMXHJH1 |
| 0.19% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $312,189.56 | 325,000 | BSNMMD5 |
| 0.19% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $311,313.04 | 400,000 | BNQPRV9 |
| 0.19% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $309,842.03 | 309,000 | BQT3JM6 |
| 0.18% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $302,225.82 | 313,000 | BQ68CL4 |
| 0.18% | -- | AECOM | 6.00% | 08/01/2033 | -- | $301,365.60 | 297,000 | BV2CGD5 |
| 0.17% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $286,633.44 | 287,000 | BMD14K1 |
| 0.17% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $284,054.81 | 284,000 | BPP2DX9 |
| 0.16% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $257,498.24 | 255,000 | BQ2KRD1 |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $234,722.51 | 235,000 | BN765Z1 |
| 0.13% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $219,269.22 | 233,000 | BMD9BZ9 |
| 0.13% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $216,550.00 | 710,000 | BPGM651 |
| 0.13% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $212,808.74 | 219,000 | BSJQ190 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $207,446.32 | 202,000 | BSD6D23 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $192,171.78 | 183,000 | BPK4TG5 |
| 0.11% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $184,417.45 | 188,000 | BQ3QRD8 |
| 0.11% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $174,239.20 | 166,000 | BSNZ6B0 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $140,702.67 | 135,000 | BNKBFF3 |
| 0.08% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $138,042.57 | 301,000 | BP9LWV3 |
| 0.08% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $134,938.25 | 224,000 | BMY0HH5 |
| 0.07% | -- | ALBERTSONS COS INC CALLABLE NOTES FIXED 5.625% 31/MAR/2032 USD 1000 | -- | -- | -- | $109,408.62 | 110,000 | -- |
| 0.06% | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $105,130.58 | 100,000 | BSML716 |
| 0.05% | -- | UNITED AIRLINES HOLDINGS INC CALLABLE NOTES FIXED 5.375% 01/MAR/2031 USD 1000 | -- | -- | -- | $87,795.75 | 88,000 | -- |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $80,796.40 | 80,000 | BS88ZW8 |
| 0.03% | -- | ASURION LLC AND ASURION CO-ISSUER INC CALLABLE NOTES FIXED 8.375% 01/FEB/2034 USD 1000 | -- | -- | -- | $49,307.91 | 50,000 | -- |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,420.11 | 13,000 | BPH25H5 |
| -12.24% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2026 TYM6 COMDTY | -- | -- | -20,112,328 | -- | -179 | -- |
| -34.49% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2026 TUM6 COMDTY | -- | -- | -56,669,500 | -- | -272 | -- |
| -46.48% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2026 FVM6 COMDTY | -- | -- | -76,371,094 | -- | -700 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $8,550,858.70 | 8,550,859 | -- |
Index
as of 12/31/2025
- Total Number of Issues262
- Long Portfolio Duration3.22
- Net Effective Duration-0.05
- Long Portfolio Yield7.20
- Net Index Yield7.16
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