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 3/31/2026
| 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% | -- |
| 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 $164,197,170
- Expense Ratio 0.50%
- NAV Calculation Time
Characteristics
as of 2/28/2026- Number of Companies 235
- Net Effective Duration -0.19523
Price
as of 4/02/2026- NAV
- NAV Change
- Market Price $63.84
- Market Price Change $+0.01
- Trading Volume (M) 5,751
- 30-Day Median Bid Ask Spread 0.73%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Monthly
- SEC 30-Day Yield 6.43%
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.
- 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
- Net Assets $164,197,170
- Expense Ratio 0.50%
- NAV Calculation Time
Characteristics
as of 2/28/2026- Number of Companies 235
- Net Effective Duration -0.19523
Price
as of 4/02/2026- NAV
- NAV Change
- Market Price $63.84
- Market Price Change $+0.01
- Trading Volume (M) 5,751
- 30-Day Median Bid Ask Spread 0.73%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Monthly
- SEC 30-Day Yield 6.43%
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.
- 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 4/02/2026
| 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 | -- | $2,526,345.46 | 2,471,000 | BS9G792 |
| 1.48% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,436,279.89 | 2,385,000 | BPH26F0 |
| 1.46% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $2,404,857.53 | 2,308,000 | BNBV5N0 |
| 1.31% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,154,315.79 | 1,995,000 | BR54DP1 |
| 1.23% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,021,788.69 | 2,071,000 | BN2QTP4 |
| 1.13% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,849,620.32 | 1,806,000 | BV4K8M0 |
| 1.12% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,845,967.20 | 1,743,000 | BW5ZMJ6 |
| 0.97% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,588,294.95 | 1,592,000 | BT7MYF4 |
| 0.93% | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,520,685.00 | 2,157,000 | BTPF2W8 |
| 0.90% | -- | SV RNO PROPERTY OWNER 1 | 5.88% | 03/01/2031 | -- | $1,485,102.20 | 1,495,000 | BVPVMW0 |
| 0.84% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,373,252.29 | 1,338,000 | BQ67HZ0 |
| 0.81% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,328,664.28 | 1,242,000 | BP2F579 |
| 0.79% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,291,179.13 | 1,283,000 | BS2FMQ8 |
| 0.78% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,287,074.47 | 1,264,000 | BNM6H94 |
| 0.78% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,281,163.75 | 1,250,000 | BRXZ215 |
| 0.77% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,272,713.07 | 1,254,000 | BVDKGM7 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,198,965.87 | 1,223,000 | BMVXSB8 |
| 0.73% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,197,806.84 | 1,154,000 | BRK4301 |
| 0.72% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,178,775.36 | 1,176,000 | BSTKQX1 |
| 0.71% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,171,970.88 | 1,179,000 | BSHT8Y5 |
| 0.70% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,143,619.93 | 1,170,000 | BRJQLF9 |
| 0.69% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,128,765.41 | 1,074,000 | BRSF6F2 |
| 0.69% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,126,466.81 | 1,096,000 | BV5GRT7 |
| 0.68% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $1,114,845.22 | 1,047,000 | BVMR221 |
| 0.68% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,111,581.39 | 1,100,000 | BW2K4P4 |
| 0.67% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,095,425.10 | 1,091,000 | BQKN5B6 |
| 0.66% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,088,370.81 | 1,268,000 | BMVZMH8 |
| 0.66% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,079,911.19 | 1,073,000 | BV6KVR4 |
| 0.65% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $1,071,516.92 | 1,085,000 | BTFHSL5 |
| 0.64% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,054,806.46 | 1,068,000 | BVF9138 |
| 0.63% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,040,947.72 | 966,000 | BQ80PR5 |
| 0.63% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,027,124.00 | 1,000,000 | BT7HWD3 |
| 0.62% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,023,136.34 | 1,098,000 | BS89C64 |
| 0.62% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,020,107.13 | 1,019,000 | BV99DS3 |
| 0.62% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,016,834.42 | 996,000 | BPLP3M1 |
| 0.62% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $1,016,311.73 | 975,000 | BP9MC16 |
| 0.61% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,008,579.87 | 1,037,000 | BV4FWX4 |
| 0.61% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,008,099.81 | 1,038,000 | BM8K6S5 |
| 0.60% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $986,546.27 | 1,006,000 | BS2FZM5 |
| 0.60% | -- | ALBERTSONS COS/SAFEWAY | 5.75% | 03/31/2034 | -- | $979,043.31 | 1,000,000 | BVBCQJ2 |
| 0.59% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $976,931.55 | 945,000 | BQ2KRF3 |
| 0.59% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $968,545.49 | 977,000 | BMWDGR9 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $954,363.09 | 937,000 | BQMJ1N6 |
| 0.58% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $946,759.26 | 929,000 | BT7HYL5 |
| 0.57% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $937,683.65 | 931,000 | BNRNCC8 |
| 0.57% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $936,080.44 | 901,000 | BLC8Z03 |
| 0.56% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $924,649.28 | 968,000 | BM9YJB0 |
| 0.56% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $918,199.21 | 889,000 | BQB9NW0 |
| 0.56% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $913,220.26 | 901,000 | BNZG7Q8 |
| 0.54% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $889,415.89 | 941,000 | BN7SNC0 |
| 0.54% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $884,968.13 | 896,000 | BNTZ4D7 |
| 0.53% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $873,757.21 | 875,000 | BVBFJY7 |
| 0.53% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $864,443.88 | 1,001,000 | BM94BT2 |
| 0.53% | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $864,221.25 | 951,000 | BRJHSK6 |
| 0.52% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $855,345.79 | 835,000 | BS6V604 |
| 0.52% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $854,407.75 | 880,000 | BMBJVY0 |
| 0.52% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $851,105.24 | 886,000 | BNW2059 |
| 0.50% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $825,807.76 | 846,000 | BMV1LQ8 |
| 0.50% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $813,998.30 | 798,000 | BS6S7M4 |
| 0.50% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $813,771.11 | 799,000 | BNDQTF3 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $800,404.74 | 826,000 | BJNPGH3 |
| 0.48% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $796,286.53 | 837,353 | BT68Y19 |
| 0.48% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $795,327.63 | 782,000 | BM8K1F7 |
| 0.48% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $795,072.90 | 793,000 | BPVDS42 |
| 0.48% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $787,695.92 | 800,000 | BVK50T0 |
| 0.48% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $782,947.50 | 827,000 | BRXCZB7 |
| 0.47% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $778,463.68 | 750,000 | BVK6BT0 |
| 0.47% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $771,480.16 | 1,078,000 | BRBCV11 |
| 0.47% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $770,231.49 | 735,000 | BRT75V6 |
| 0.47% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $765,320.89 | 726,000 | BRQPKY1 |
| 0.46% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $759,587.24 | 738,000 | BTFHQJ9 |
| 0.46% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $749,100.20 | 742,000 | BTTRMX1 |
| 0.46% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $747,957.51 | 748,000 | BQ1PCD2 |
| 0.45% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $745,746.03 | 750,000 | BS84Y29 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $743,893.45 | 737,000 | BPW9BQ2 |
| 0.44% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $722,746.71 | 690,000 | BVK4MV3 |
| 0.44% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $721,325.17 | 805,000 | BMBVFS8 |
| 0.43% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $701,756.65 | 705,000 | BPP2DX9 |
| 0.43% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $700,943.42 | 651,000 | BR1H4Z1 |
| 0.42% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $691,623.95 | 685,000 | BSNQ215 |
| 0.42% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $688,676.01 | 697,000 | BMZBL86 |
| 0.42% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $688,372.37 | 695,000 | BTPH0K8 |
| 0.41% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $676,568.28 | 682,000 | BMF9C65 |
| 0.41% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $675,083.54 | 642,000 | BTWWV25 |
| 0.41% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $670,092.50 | 649,000 | BTCK903 |
| 0.41% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $668,172.53 | 674,000 | BR886L7 |
| 0.40% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $665,368.61 | 799,000 | BNNPV76 |
| 0.40% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $652,418.48 | 675,000 | BVMS268 |
| 0.40% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $650,848.59 | 630,000 | BV3PLR2 |
| 0.38% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $631,747.85 | 628,000 | BVMDN60 |
| 0.38% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $630,561.65 | 665,000 | BPVBYZ9 |
| 0.38% | -- | UNITED AIRLINES HOLDINGS | 4.88% | 03/01/2029 | -- | $629,146.60 | 638,000 | BWBZMK1 |
| 0.38% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $628,682.28 | 617,000 | BLB3TG3 |
| 0.38% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $628,391.21 | 767,000 | BMV1L02 |
| 0.38% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $626,511.85 | 601,000 | BPG27W5 |
| 0.38% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $625,260.00 | 613,000 | BP946X2 |
| 0.38% | -- | FIRST QUANTUM MINERALS L | 6.38% | 02/15/2036 | -- | $619,602.05 | 640,000 | BT3F8Q6 |
| 0.38% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $616,523.47 | 629,000 | BMVXP62 |
| 0.37% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $614,831.84 | 607,000 | BQXJKM7 |
| 0.36% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $595,701.22 | 594,000 | BNHS096 |
| 0.36% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $593,179.98 | 602,000 | BQTWXH6 |
| 0.36% | -- | BLACK PEARL COMPUTE LLC | 6.13% | 02/15/2031 | -- | $589,354.61 | 578,000 | BMXG8Y8 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $589,087.43 | 581,000 | BPX27Q2 |
| 0.36% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $588,786.43 | 779,000 | BV2JDH9 |
| 0.36% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $584,359.12 | 571,000 | BV8DHB7 |
| 0.35% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $577,012.38 | 566,000 | BVF9246 |
| 0.34% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $561,621.10 | 543,000 | BRBCTZ1 |
| 0.34% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $558,944.65 | 550,000 | BMVXP51 |
| 0.34% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $558,696.04 | 556,000 | BQB7JV5 |
| 0.34% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $555,687.34 | 548,000 | BTCCGD1 |
| 0.34% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $551,861.32 | 526,000 | BMZMHS1 |
| 0.34% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $551,581.80 | 560,000 | BTGTPC0 |
| 0.33% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $549,196.14 | 630,000 | BP7LR98 |
| 0.33% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $546,803.66 | 528,000 | BLDCTF7 |
| 0.33% | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $539,896.89 | 550,000 | BSSBTZ8 |
| 0.33% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $539,778.75 | 525,000 | BTJS1V5 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $539,756.63 | 505,000 | BRCDDH3 |
| 0.32% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $529,711.12 | 559,000 | BMT7QC9 |
| 0.32% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $524,327.32 | 575,000 | BM9SD09 |
| 0.32% | -- | TKC HOLDINGS INC | 8.50% | 08/15/2030 | -- | $520,555.46 | 513,000 | BT3FDQ1 |
| 0.32% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $519,756.62 | 530,000 | BTXQV60 |
| 0.32% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $518,471.43 | 563,000 | BS3BCF4 |
| 0.31% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $516,621.67 | 536,000 | BVBG0S1 |
| 0.31% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $512,481.43 | 576,000 | BS84LN9 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $511,211.50 | 500,000 | BMGDND0 |
| 0.31% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $509,998.95 | 500,000 | BS9C5X0 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $505,797.70 | 517,000 | BLC9L19 |
| 0.31% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $504,996.23 | 497,000 | BRZWYJ6 |
| 0.31% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $504,519.56 | 542,000 | BLDBLN6 |
| 0.31% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $504,092.20 | 511,000 | BLDCF37 |
| 0.31% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $503,510.51 | 485,000 | BVK4BV6 |
| 0.31% | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $503,250.00 | 488,000 | BR55K64 |
| 0.30% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $499,906.44 | 492,000 | BVZMLG0 |
| 0.30% | -- | NEXSTAR MEDIA INC CALLABLE NOTES FIXED 7.25% 15/APR/2034 USD 1000 | -- | -- | -- | $499,503.65 | 500,000 | -- |
| 0.30% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $498,413.68 | 719,000 | BMWT6D3 |
| 0.30% | -- | APLD COMPUTECO 2 LLC CALLABLE NOTES FIXED 6.75% 15/MAR/2031 USD 1000 | -- | -- | -- | $497,445.80 | 500,000 | -- |
| 0.30% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $495,422.50 | 500,000 | BVBFJZ8 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $494,494.94 | 489,000 | BT3CPW2 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $493,144.25 | 495,000 | BN6MM59 |
| 0.30% | -- | AMC NETWORKS INC CALLABLE NOTES FIXED 10.5% 15/JUL/2032 USD 1000 | -- | -- | -- | $492,194.65 | 500,000 | -- |
| 0.30% | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $486,588.90 | 500,000 | BL9XM77 |
| 0.30% | -- | MICHAELS COS INC/THE CALLABLE NOTES FIXED 8.5% 15/MAR/2033 USD 1000 | -- | -- | -- | $485,267.95 | 500,000 | -- |
| 0.30% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $484,854.38 | 500,000 | BQ689G8 |
| 0.29% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $483,579.54 | 496,000 | BT9NKJ1 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $481,518.45 | 450,000 | BR1YSV6 |
| 0.29% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $481,459.54 | 522,000 | BVSYM93 |
| 0.29% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $479,279.25 | 486,000 | BQT2NG5 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $478,684.21 | 464,000 | BQKRVC1 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $473,813.97 | 483,000 | BM8H4Y8 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $473,683.37 | 495,000 | BMH29D8 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $472,079.09 | 467,000 | BMCGQ56 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $466,886.89 | 467,000 | BT7JWZ1 |
| 0.28% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $466,698.07 | 466,000 | BTTRLD4 |
| 0.28% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $465,650.95 | 446,000 | BMGC188 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $465,432.30 | 450,000 | BR53N25 |
| 0.28% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $465,370.98 | 437,000 | BS88506 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $462,132.99 | 492,000 | BPLFC68 |
| 0.28% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $459,325.92 | 470,000 | BR113M3 |
| 0.28% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $458,834.90 | 459,000 | BVYL9V9 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $457,517.53 | 449,000 | BQ9D885 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $454,969.56 | 441,000 | BPLL6H5 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $452,725.13 | 442,000 | BSKP420 |
| 0.28% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $452,436.07 | 433,000 | BP092P0 |
| 0.28% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $452,176.45 | 448,000 | BV0YZ47 |
| 0.27% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $451,468.41 | 436,000 | BRC2671 |
| 0.27% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $450,499.12 | 611,000 | BM93J39 |
| 0.27% | -- | FIRST QUANTUM MINERALS L | 8.63% | 06/01/2031 | -- | $447,681.42 | 431,000 | BP488V1 |
| 0.27% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $442,104.86 | 435,000 | BP092B6 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $439,961.93 | 436,000 | BN95KZ1 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $438,505.23 | 443,000 | BMHBB51 |
| 0.27% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $436,343.03 | 419,000 | BNRPLW7 |
| 0.26% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $434,511.65 | 432,000 | BP4YGK4 |
| 0.26% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $429,595.71 | 433,000 | BM9PWX6 |
| 0.26% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $426,009.50 | 413,000 | BV1C948 |
| 0.26% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $424,442.53 | 420,000 | BSVLRC8 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $424,102.85 | 427,000 | BL54J73 |
| 0.26% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $422,438.01 | 442,000 | BMY8TS4 |
| 0.25% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $418,597.76 | 425,000 | BRS7WN8 |
| 0.25% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $418,253.13 | 412,000 | BNRPV83 |
| 0.25% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $417,658.92 | 407,000 | BM8SW92 |
| 0.25% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $416,144.82 | 409,000 | BVDKGL6 |
| 0.25% | -- | PERFORMANCE FOOD GROUP I | 5.63% | 03/01/2034 | -- | $416,070.79 | 429,000 | BW1N539 |
| 0.25% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $414,209.29 | 408,000 | BQB88K0 |
| 0.25% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $411,429.20 | 400,000 | BVBCQP8 |
| 0.25% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $411,395.60 | 418,000 | BMW2F91 |
| 0.25% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $410,036.62 | 391,000 | BVMSGF5 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $407,746.41 | 393,000 | BMW2FL3 |
| 0.25% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $405,384.11 | 391,000 | BMCGQM3 |
| 0.24% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $398,187.09 | 378,000 | BPBRSM2 |
| 0.24% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $397,817.36 | 452,000 | BP4Z8H8 |
| 0.24% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $396,151.47 | 393,000 | BRK14M1 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $395,802.54 | 422,000 | BP83D39 |
| 0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $392,604.92 | 417,000 | BN6KWY2 |
| 0.24% | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $392,550.89 | 391,000 | BN49RB3 |
| 0.24% | -- | HOWDEN UK REFINANCE / US | 8.13% | 02/15/2032 | -- | $392,009.40 | 417,000 | BMCM256 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $391,188.92 | 404,000 | BRT7X56 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $389,755.22 | 382,000 | BRBDSH9 |
| 0.24% | -- | COOPER-STANDARD AUTOMOTIVE INC CALLABLE NOTES FIXED 9.25% 01/MAR/2031 USD 1000 | -- | -- | -- | $389,422.50 | 411,000 | -- |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $383,887.08 | 382,000 | BRBVMG0 |
| 0.23% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $379,478.46 | 371,000 | BMC94W8 |
| 0.22% | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $369,052.26 | 367,000 | BQT2NL0 |
| 0.22% | -- | OLYMPUS WTR US HLDG CORP | 6.75% | 08/01/2032 | -- | $365,415.55 | 382,000 | BVRTP89 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $363,975.24 | 349,000 | BMCMQL0 |
| 0.22% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $361,920.32 | 367,000 | BSZ7DB3 |
| 0.22% | -- | ESAB CORP CALLABLE NOTES FIXED 5.625% 01/APR/2031 USD 1000 | -- | -- | -- | $359,861.61 | 356,000 | -- |
| 0.22% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $357,317.84 | 367,000 | BNM5Z19 |
| 0.21% | -- | PG&E CORP | 6.85% | 09/15/2056 | -- | $349,902.24 | 354,000 | BTJYMV0 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $349,179.16 | 347,000 | BMXHQ92 |
| 0.21% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $344,823.31 | 338,000 | BR4XVS8 |
| 0.21% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $344,798.19 | 333,000 | BR2NN28 |
| 0.20% | -- | KODIAK GAS SERVICES LLC CALLABLE NOTES FIXED 5.875% 01/APR/2031 USD 1000 | -- | -- | -- | $336,789.91 | 335,000 | -- |
| 0.20% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $336,590.96 | 324,000 | BPK4CP5 |
| 0.20% | -- | ASURION LLC/ASURION CO | 8.38% | 02/01/2034 | -- | $333,956.91 | 343,000 | BTZRRR4 |
| 0.20% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $327,219.67 | 312,000 | BMJ0LG7 |
| 0.20% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $323,336.20 | 431,000 | BRPT5J4 |
| 0.19% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $310,134.89 | 331,000 | BSJQ190 |
| 0.19% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $309,562.29 | 313,000 | BQ68CL4 |
| 0.19% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $308,645.16 | 325,000 | BSNMMD5 |
| 0.18% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $303,934.69 | 309,000 | BQT3JM6 |
| 0.18% | -- | AECOM | 6.00% | 08/01/2033 | -- | $296,579.30 | 297,000 | BV2CGD5 |
| 0.17% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $286,703.21 | 287,000 | BMD14K1 |
| 0.17% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $272,143.01 | 266,000 | BSNZ6B0 |
| 0.15% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $254,250.81 | 255,000 | BQ2KRD1 |
| 0.15% | -- | FAIR ISAAC CORP CALLABLE NOTES FIXED 6.25% 15/SEP/2034 USD 1000 | -- | -- | -- | $244,598.22 | 248,000 | -- |
| 0.15% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $241,490.00 | 589,000 | BP9LWV3 |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $234,684.07 | 235,000 | BN765Z1 |
| 0.14% | -- | SM ENERGY CO CALLABLE NOTES FIXED 6.625% 15/APR/2034 USD 1000 | -- | -- | -- | $226,200.91 | 226,000 | -- |
| 0.13% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $215,776.83 | 233,000 | BMD9BZ9 |
| 0.13% | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $209,688.89 | 200,000 | BSML716 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $205,410.77 | 202,000 | BSD6D23 |
| 0.12% | -- | UNITED AIRLINES HOLDINGS | 5.38% | 03/01/2031 | -- | $197,664.25 | 201,000 | BW46M90 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $189,901.22 | 183,000 | BPK4TG5 |
| 0.11% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $177,189.60 | 188,000 | BQ3QRD8 |
| 0.09% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $143,436.61 | 710,000 | BPGM651 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $139,908.87 | 135,000 | BNKBFF3 |
| 0.08% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $132,071.56 | 224,000 | BMY0HH5 |
| 0.07% | -- | SUNOCO LP CALLABLE NOTES FIXED 5.625% 15/MAR/2031 USD 1000 | -- | -- | -- | $108,804.05 | 109,000 | -- |
| 0.07% | -- | ALBERTSONS COS INC | 5.63% | 03/31/2032 | -- | $108,596.04 | 110,000 | BRBNWB1 |
| 0.06% | -- | ADT SEC CORP | 4.13% | 08/01/2029 | -- | $103,147.15 | 108,000 | BNZKRX7 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $79,170.92 | 80,000 | BS88ZW8 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,323.10 | 13,000 | BPH25H5 |
| -12.90% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2026 TYM6 COMDTY | -- | -- | -21,203,984 | -- | -191 | -- |
| -35.35% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2026 TUM6 COMDTY | -- | -- | -58,086,875 | -- | -280 | -- |
| -50.95% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2026 FVM6 COMDTY | -- | -- | -83,712,938 | -- | -774 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,935,962.94 | 6,935,963 | -- |
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