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 1/31/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.71% | 1.92% | 3.33% | 0.71% | 5.14% | 9.62% | 7.02% | 6.79% | 4.15% | 05/21/2013 |
| HYHG Market Price | 1.09% | 1.77% | 3.75% | 1.09% | 5.22% | 9.74% | 7.14% | 6.91% | 4.19% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.89% | 2.00% | 3.54% | 0.89% | 5.72% | 10.08% | 7.42% | 7.42% | 4.84% | -- |
| 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 1/30/2026- Number of Companies 235
- Net Effective Duration -0.01452
Price
as of 2/24/2026- NAV $64.28
- NAV Change $-0.02
- Market Price $64.40
- Market Price Change $-0.19
- Trading Volume (M) 7,020
- 30-Day Median Bid Ask Spread 0.36%
- View Premium / Discount
Distributions
as of 1/30/2026- Distribution Frequency Monthly
- SEC 30-Day Yield 6.27%
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 6.93%
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 1/30/2026- Number of Companies 235
- Net Effective Duration -0.01452
Price
as of 2/24/2026- NAV $64.28
- NAV Change $-0.02
- Market Price $64.40
- Market Price Change $-0.19
- Trading Volume (M) 7,020
- 30-Day Median Bid Ask Spread 0.36%
- View Premium / Discount
Distributions
as of 1/30/2026- Distribution Frequency Monthly
- SEC 30-Day Yield 6.27%
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 6.93%
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 2/24/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| -- | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,576,529.00 | 2,471,000 | BS9G792 |
| -- | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,484,235.56 | 2,385,000 | BPH26F0 |
| -- | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,032,133.34 | 2,071,000 | BN2QTP4 |
| 1.16% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,876,038.49 | 1,806,000 | BV4K8M0 |
| -- | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,840,792.53 | 1,743,000 | BW5ZMJ6 |
| -- | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,765,670.91 | 1,618,000 | BR54DP1 |
| -- | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,651,618.81 | 1,592,000 | BT7MYF4 |
| -- | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $1,600,265.93 | 1,524,000 | BNBV5N0 |
| -- | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,540,637.74 | 1,416,000 | BP2F579 |
| -- | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,450,430.89 | 1,385,000 | BP6GPK1 |
| -- | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,438,230.33 | 1,389,000 | BQB9NW0 |
| -- | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,419,348.26 | 1,402,000 | BM8H783 |
| -- | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,371,638.66 | 1,338,000 | BQ67HZ0 |
| -- | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,348,555.04 | 1,861,000 | BTPF2W8 |
| -- | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,301,385.39 | 1,283,000 | BS2FMQ8 |
| -- | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,298,924.46 | 1,264,000 | BNM6H94 |
| -- | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,298,245.27 | 1,254,000 | BVDKGM7 |
| -- | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,276,006.25 | 1,250,000 | BRXZ215 |
| -- | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,235,692.96 | 1,210,000 | BNZG7Q8 |
| -- | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,212,816.08 | 1,179,000 | BSHT8Y5 |
| -- | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,210,070.81 | 1,223,000 | BMVXSB8 |
| -- | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,208,634.00 | 1,176,000 | BSTKQX1 |
| -- | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,186,576.40 | 1,154,000 | BRK4301 |
| -- | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,158,425.97 | 1,096,000 | BV5GRT7 |
| -- | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,134,316.91 | 1,074,000 | BRSF6F2 |
| -- | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,133,526.19 | 1,170,000 | BRJQLF9 |
| -- | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,122,388.77 | 1,145,000 | BMBJVY0 |
| -- | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,115,726.59 | 1,039,000 | BQ80PR5 |
| -- | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,103,013.96 | 1,073,000 | BV6KVR4 |
| -- | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $1,095,816.28 | 1,047,000 | BVMR221 |
| -- | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,093,281.28 | 1,091,000 | BQKN5B6 |
| -- | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,053,083.87 | 1,037,000 | BV4FWX4 |
| -- | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,053,042.70 | 1,038,000 | BM8K6S5 |
| -- | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,048,826.94 | 1,068,000 | BVF9138 |
| -- | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,040,329.71 | 1,019,000 | BV99DS3 |
| -- | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,038,992.00 | 1,000,000 | BT7HWD3 |
| -- | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,032,526.31 | 996,000 | BPLP3M1 |
| -- | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,030,184.12 | 1,000,000 | BW2K4P4 |
| -- | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,014,135.62 | 1,168,000 | BMVZMH8 |
| -- | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,013,815.00 | 1,000,000 | BVBFJZ8 |
| -- | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $996,433.52 | 945,000 | BQ2KRF3 |
| -- | -- | UKG INC | 6.88% | 02/01/2031 | -- | $981,508.23 | 1,006,000 | BS2FZM5 |
| -- | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $981,111.69 | 977,000 | BMWDGR9 |
| -- | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $971,984.83 | 929,000 | BT7HYL5 |
| 0.59% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $964,244.21 | 937,000 | BQMJ1N6 |
| -- | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $937,056.22 | 901,000 | BLC8Z03 |
| -- | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $936,425.26 | 988,000 | BS89C64 |
| -- | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $895,806.97 | 941,000 | BN7SNC0 |
| -- | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $893,088.50 | 1,001,000 | BM94BT2 |
| -- | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $877,505.93 | 868,000 | BM9YJB0 |
| -- | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $860,904.21 | 835,000 | BS6V604 |
| -- | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $858,997.34 | 951,000 | BRJHSK6 |
| -- | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $850,107.21 | 827,000 | BRXCZB7 |
| -- | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $833,247.42 | 798,000 | BP9MC16 |
| -- | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $832,343.48 | 846,000 | BMV1LQ8 |
| -- | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $829,193.82 | 798,000 | BS6S7M4 |
| -- | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $815,241.27 | 799,000 | BNDQTF3 |
| -- | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $813,140.75 | 826,000 | BJNPGH3 |
| -- | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $810,769.98 | 800,000 | BVK50T0 |
| -- | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $805,186.30 | 782,000 | BM8K1F7 |
| -- | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $794,506.00 | 793,000 | BPVDS42 |
| -- | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $790,613.69 | 772,000 | BNTZ4D7 |
| -- | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $782,000.85 | 750,000 | BVK6BT0 |
| -- | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $773,697.02 | 735,000 | BRT75V6 |
| -- | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $771,374.31 | 726,000 | BRQPKY1 |
| -- | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $766,648.50 | 750,000 | BS84Y29 |
| -- | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $764,809.38 | 742,000 | BTTRMX1 |
| -- | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $752,132.82 | 737,000 | BPW9BQ2 |
| -- | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $751,014.44 | 748,000 | BQ1PCD2 |
| -- | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $737,022.12 | 690,000 | BVK4MV3 |
| -- | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $735,105.44 | 724,000 | BNRNCC8 |
| -- | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $734,428.06 | 805,000 | BMBVFS8 |
| -- | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $717,542.14 | 704,000 | BVBFJY7 |
| -- | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $717,284.05 | 685,000 | BSNQ215 |
| -- | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $713,479.80 | 737,353 | BT68Y19 |
| -- | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $712,523.25 | 675,000 | BNQQSS6 |
| -- | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $706,672.71 | 682,000 | BMF9C65 |
| -- | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $698,391.91 | 697,000 | BMZBL86 |
| -- | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $694,634.70 | 767,000 | BMV1L02 |
| -- | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $692,714.15 | 642,000 | BTWWV25 |
| -- | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $688,840.42 | 695,000 | BTPH0K8 |
| -- | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $688,121.14 | 674,000 | BR886L7 |
| -- | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $677,393.75 | 649,000 | BTCK903 |
| -- | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $675,267.07 | 675,000 | BVMS268 |
| -- | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $641,409.06 | 628,000 | BVMDN60 |
| -- | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $640,228.54 | 665,000 | BPVBYZ9 |
| -- | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $637,786.17 | 630,000 | BV3PLR2 |
| -- | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $634,179.75 | 617,000 | BLB3TG3 |
| -- | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $631,518.18 | 601,000 | BPG27W5 |
| -- | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $631,390.00 | 613,000 | BP946X2 |
| -- | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $629,000.81 | 607,000 | BQXJKM7 |
| -- | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $619,093.83 | 638,000 | BTFHQJ9 |
| -- | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $617,524.98 | 602,000 | BQTWXH6 |
| -- | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $600,302.93 | 581,000 | BPX27Q2 |
| -- | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $598,440.15 | 594,000 | BNHS096 |
| -- | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $594,489.54 | 749,000 | BNNPV76 |
| -- | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $594,464.72 | 585,000 | BTFHSL5 |
| -- | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $591,247.06 | 548,000 | BTCCGD1 |
| -- | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $580,473.89 | 546,000 | BT3NFD6 |
| -- | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $573,160.94 | 543,000 | BRBCTZ1 |
| -- | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $571,274.52 | 579,000 | BMVXP62 |
| -- | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $571,136.15 | 792,000 | BRBCV11 |
| -- | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $563,888.49 | 630,000 | BP7LR98 |
| -- | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $562,364.53 | 556,000 | BQB7JV5 |
| -- | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $562,065.50 | 528,000 | BLDCTF7 |
| -- | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $549,396.75 | 525,000 | BTJS1V5 |
| -- | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $542,612.18 | 550,000 | BNW2059 |
| -- | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $539,805.11 | 505,000 | BRCDDH3 |
| -- | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $537,273.46 | 536,000 | BVBG0S1 |
| -- | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $535,359.17 | 576,000 | BS84LN9 |
| -- | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $533,091.64 | 563,000 | BS3BCF4 |
| -- | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $527,500.68 | 530,000 | BTXQV60 |
| -- | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $525,173.25 | 529,000 | BMW2W01 |
| -- | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $523,721.50 | 500,000 | BMGDND0 |
| -- | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $522,880.00 | 500,000 | BS9C5X0 |
| -- | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $521,503.61 | 511,000 | BLDCF37 |
| -- | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $519,313.78 | 542,000 | BLDBLN6 |
| -- | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $514,712.45 | 473,000 | BR1H4Z1 |
| -- | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $512,786.00 | 500,000 | BMVXP51 |
| -- | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $511,565.64 | 522,000 | BVSYM93 |
| -- | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $510,865.54 | 485,000 | BVK4BV6 |
| -- | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $510,844.43 | 497,000 | BRZWYJ6 |
| -- | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $510,381.12 | 492,000 | BVZMLG0 |
| -- | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $506,300.00 | 488,000 | BR55K64 |
| -- | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $505,539.50 | 500,000 | BTGTPC0 |
| -- | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $505,341.00 | 515,000 | BNHT925 |
| -- | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $505,241.00 | 719,000 | BMWT6D3 |
| -- | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $503,803.37 | 517,000 | BLC9L19 |
| -- | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $503,675.84 | 501,000 | BN6JYJ8 |
| -- | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $502,706.00 | 500,000 | BSSBTZ8 |
| -- | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $502,113.65 | 495,000 | BN6MM59 |
| -- | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $498,414.24 | 534,000 | BKPJT48 |
| -- | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $497,692.70 | 500,000 | BQ689G8 |
| -- | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $497,361.15 | 500,000 | BSJQ190 |
| -- | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $497,325.26 | 486,000 | BQT2NG5 |
| -- | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $495,333.04 | 489,000 | BT3CPW2 |
| -- | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $493,719.64 | 496,000 | BNTBJ41 |
| -- | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $488,753.75 | 500,000 | BL9XM77 |
| -- | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $487,971.56 | 467,000 | BV8DHB7 |
| -- | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $485,347.50 | 450,000 | BR1YSV6 |
| -- | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $484,150.41 | 496,000 | BT9NKJ1 |
| -- | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $483,483.97 | 483,000 | BM8H4Y8 |
| -- | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $479,657.62 | 495,000 | BMH29D8 |
| -- | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $478,770.73 | 466,000 | BTTRLD4 |
| -- | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $477,758.53 | 464,000 | BQKRVC1 |
| -- | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $472,747.84 | 467,000 | BMCGQ56 |
| -- | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $472,255.20 | 450,000 | BP5JP78 |
| -- | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $471,126.74 | 611,000 | BM93J39 |
| -- | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $470,061.88 | 461,000 | BP812N6 |
| -- | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $469,428.38 | 446,000 | BMGC188 |
| -- | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $468,967.19 | 490,000 | BNKLFF3 |
| -- | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $468,169.46 | 437,000 | BS88506 |
| -- | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,051.40 | 450,000 | BR53N25 |
| -- | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $465,300.87 | 467,000 | BT7JWZ1 |
| -- | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $463,955.97 | 448,000 | BV0YZ47 |
| -- | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $461,700.98 | 441,000 | BPLL6H5 |
| -- | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $460,436.99 | 426,000 | BMZMHS1 |
| -- | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $458,244.96 | 492,000 | BPLFC68 |
| -- | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $455,876.26 | 433,000 | BP092P0 |
| -- | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $455,141.27 | 436,000 | BRC2671 |
| -- | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $454,032.60 | 449,000 | BQ9D885 |
| -- | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $453,358.35 | 550,000 | BV2JDH9 |
| -- | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $451,809.27 | 435,000 | BP092B6 |
| -- | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $449,969.15 | 442,000 | BSKP420 |
| -- | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $443,956.46 | 432,000 | BP4YGK4 |
| -- | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $442,921.23 | 459,000 | BMT7QC9 |
| -- | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $441,690.19 | 436,000 | BN95KZ1 |
| -- | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $441,660.13 | 724,000 | BMY0HH5 |
| -- | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $441,626.17 | 443,000 | BMHBB51 |
| -- | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $439,916.48 | 419,000 | BNRPLW7 |
| -- | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $437,549.96 | 413,000 | BV1C948 |
| -- | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $432,407.43 | 427,000 | BL54J73 |
| -- | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $431,921.54 | 433,000 | BM9PWX6 |
| -- | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $429,862.02 | 420,000 | BSVLRC8 |
| -- | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $429,529.78 | 412,000 | BNRPV83 |
| -- | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $425,979.20 | 425,000 | BRS7WN8 |
| -- | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $422,305.36 | 452,000 | BP4Z8H8 |
| -- | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $421,284.89 | 408,000 | BQB88K0 |
| -- | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $420,927.13 | 407,000 | BM8SW92 |
| -- | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $420,192.41 | 418,000 | BMW2F91 |
| -- | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $417,917.43 | 409,000 | BVDKGL6 |
| -- | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $413,232.16 | 391,000 | BMCGQM3 |
| -- | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $412,158.75 | 393,000 | BMW2FL3 |
| -- | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $409,536.00 | 400,000 | BVBCQP8 |
| -- | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $409,112.16 | 391,000 | BVMSGF5 |
| -- | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $407,789.53 | 422,000 | BP83D39 |
| -- | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $400,043.83 | 378,000 | BPBRSM2 |
| -- | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $398,530.27 | 391,000 | BN49RB3 |
| -- | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $396,829.29 | 417,000 | BN6KWY2 |
| -- | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $395,916.64 | 382,000 | BRBDSH9 |
| -- | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $390,554.66 | 404,000 | BRT7X56 |
| -- | -- | SM ENERGY CO | 8.38% | 07/01/2028 | -- | $389,224.30 | 376,000 | BRT7527 |
| -- | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $386,498.58 | 391,000 | BN0ZRZ9 |
| -- | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $383,049.34 | 371,000 | BMC94W8 |
| -- | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $382,431.66 | 382,000 | BRBVMG0 |
| -- | -- | OLYMPUS WTR US HLDG CORP | 6.75% | 08/01/2032 | -- | $378,586.22 | 382,000 | BVRTP89 |
| -- | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $375,197.62 | 408,000 | BM9SD09 |
| -- | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $373,309.46 | 367,000 | BQT2NL0 |
| -- | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $366,335.11 | 367,000 | BSZ7DB3 |
| -- | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $365,986.26 | 393,591 | BMDB423 |
| -- | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $362,159.97 | 367,000 | BNM5Z19 |
| -- | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $361,452.77 | 392,000 | BMY8TS4 |
| -- | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $358,620.15 | 350,000 | BS88ZW8 |
| -- | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $356,163.36 | 392,000 | BMXHJH1 |
| -- | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $355,973.72 | 349,000 | BMCMQL0 |
| -- | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $354,855.45 | 343,000 | BP091F3 |
| -- | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $352,010.14 | 343,000 | BRK14M1 |
| -- | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $350,240.98 | 347,000 | BMXHQ92 |
| -- | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $350,187.50 | 431,000 | BRPT5J4 |
| -- | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $347,779.02 | 338,000 | BR4XVS8 |
| -- | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $339,570.47 | 324,000 | BPK4CP5 |
| -- | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $335,873.07 | 312,000 | BMJ0LG7 |
| -- | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $334,536.51 | 485,000 | BMH8323 |
| -- | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $326,542.10 | 324,000 | BR113M3 |
| -- | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $321,987.51 | 325,000 | BSNMMD5 |
| -- | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $314,548.80 | 400,000 | BNQPRV9 |
| -- | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $314,307.09 | 313,000 | BQ68CL4 |
| -- | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $312,472.23 | 309,000 | BQT3JM6 |
| -- | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $299,088.31 | 290,000 | BVF9246 |
| -- | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $297,048.69 | 283,000 | BR2NN28 |
| -- | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $286,777.61 | 287,000 | BMD14K1 |
| -- | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $285,406.37 | 284,000 | BPP2DX9 |
| -- | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $260,138.38 | 255,000 | BQ2KRD1 |
| -- | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $254,531.70 | 253,000 | BVYL9V9 |
| -- | -- | AECOM | 6.00% | 08/01/2033 | -- | $252,277.65 | 247,000 | BV2CGD5 |
| -- | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $235,600.66 | 235,000 | BN765Z1 |
| -- | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $222,844.18 | 233,000 | BMD9BZ9 |
| -- | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $208,152.62 | 202,000 | BSD6D23 |
| -- | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $194,097.49 | 183,000 | BPK4TG5 |
| -- | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $188,528.84 | 188,000 | BQ3QRD8 |
| -- | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $176,392.01 | 166,000 | BSNZ6B0 |
| -- | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $173,272.55 | 301,000 | BP9LWV3 |
| -- | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $148,720.00 | 572,000 | BPGM651 |
| -- | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $141,439.77 | 135,000 | BNKBFF3 |
| -- | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $105,582.80 | 100,000 | BSML716 |
| -- | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,549.47 | 13,000 | BPH25H5 |
| -- | -- | US 10YR NOTE (CBT) BOND 18/JUN/2026 TYM6 COMDTY | -- | -- | -18,794,313 | -- | -166 | -- |
| -- | -- | US 2YR NOTE (CBT) BOND 30/JUN/2026 TUM6 COMDTY | -- | -- | -56,837,375 | -- | -272 | -- |
| -- | -- | US 5YR NOTE (CBT) BOND 30/JUN/2026 FVM6 COMDTY | -- | -- | -74,854,828 | -- | -682 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,720,959.35 | 6,720,959 | -- |
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