HYHG invests in a portfolio of high-yield corporate bonds, while seeking to hedge against the potential negative impact of rising interest rates.
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Documents & Downloads
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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 8/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.45% | 2.28% | 0.46% | 3.10% | 7.70% | 10.67% | 7.43% | 5.43% | 4.06% | 05/21/2013 |
| HYHG NAV | 0.38% | 2.46% | 2.72% | 3.55% | 7.75% | 10.49% | 7.37% | 5.36% | 4.05% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.42% | 2.56% | 2.98% | 3.93% | 8.15% | 10.82% | 7.81% | 6.03% | 4.75% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.99% | 3.00% | 1.80% | 1.80% | 8.21% | 11.49% | 8.30% | 4.82% | 4.01% | 05/21/2013 |
| HYHG NAV | 1.28% | 3.10% | 2.36% | 2.36% | 8.33% | 11.77% | 8.31% | 4.87% | 4.00% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.23% | 2.60% | 2.60% | 8.54% | 12.28% | 8.83% | 5.50% | 4.71% | -- |
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 8/29/2025- Number of Companies 221
- Net Effective Duration -0.19501
Price
as of 10/01/2025- NAV $64.55
- NAV Change $-0.42
- Market Price $64.58
- Market Price Change $-0.19
- Trading Volume (M) 20,822
- 30-Day Median Bid Ask Spread 0.34%
- View Premium / Discount
Distributions
as of 8/29/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.70%
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.
- 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
- Distributions Monthly
Characteristics
as of 8/29/2025- Number of Companies 221
- Net Effective Duration -0.19501
Price
as of 10/01/2025- NAV $64.55
- NAV Change $-0.42
- Market Price $64.58
- Market Price Change $-0.19
- Trading Volume (M) 20,822
- 30-Day Median Bid Ask Spread 0.34%
- View Premium / Discount
Distributions
as of 8/29/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.70%
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.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 10/01/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.28% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,149,347.18 | 2,167,000 | BMWDGR9 |
| 1.27% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,127,594.13 | 2,109,000 | BN2QTP4 |
| 1.20% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,009,163.36 | 1,824,000 | BR54DP1 |
| 1.07% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,793,849.31 | 1,759,000 | BV4K8M0 |
| 1.07% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,792,183.36 | 1,760,000 | BT7MYF4 |
| 1.07% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,789,616.75 | 1,771,000 | BSMMD99 |
| 0.99% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,663,130.00 | 2,066,000 | BTPF2W8 |
| 0.98% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,641,476.48 | 1,602,000 | BNM6H94 |
| 0.96% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,615,759.84 | 1,523,000 | BP2F579 |
| 0.91% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,521,555.23 | 1,458,000 | BQ67HZ0 |
| 0.87% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,465,872.92 | 1,385,000 | BP6GPK1 |
| 0.86% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,451,102.40 | 1,382,000 | BRK4301 |
| 0.86% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,447,537.74 | 1,440,000 | BM8H783 |
| 0.86% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,436,428.20 | 1,380,000 | BNBTNV8 |
| 0.82% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,370,321.68 | 1,321,000 | BPH26F0 |
| 0.80% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $1,348,046.00 | 1,473,000 | BKPJT48 |
| 0.79% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,332,708.55 | 1,283,000 | BS2FMQ8 |
| 0.79% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,326,501.84 | 1,290,000 | BPLP3M1 |
| 0.78% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,311,696.74 | 1,280,000 | BS9G792 |
| 0.78% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,301,187.48 | 1,230,000 | BQB9NW0 |
| 0.75% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,253,864.92 | 1,210,000 | BNZG7Q8 |
| 0.75% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,251,478.81 | 1,250,000 | BRXZ215 |
| 0.73% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,228,898.96 | 1,347,000 | BMBVFS8 |
| 0.73% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,217,138.39 | 1,185,000 | BR4XVS8 |
| 0.72% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,212,858.27 | 1,170,000 | BRJQLF9 |
| 0.72% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,212,089.59 | 1,179,000 | BSHT8Y5 |
| 0.72% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,207,073.83 | 1,134,000 | BTCCGD1 |
| 0.71% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,199,701.48 | 1,223,000 | BMVXSB8 |
| 0.69% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,159,290.55 | 1,180,000 | BQKN5B6 |
| 0.68% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,147,847.38 | 1,096,000 | BV5GRT7 |
| 0.68% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,139,915.70 | 1,100,000 | BRSF6F2 |
| 0.68% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,136,676.07 | 1,030,000 | BQ80PR5 |
| 0.68% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,134,501.23 | 1,133,000 | BPVDS42 |
| 0.67% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,123,117.10 | 1,087,000 | BVDKGM7 |
| 0.66% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,106,263.12 | 1,145,000 | BMBJVY0 |
| 0.65% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,094,941.98 | 1,073,000 | BV6KVR4 |
| 0.62% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,044,050.18 | 1,060,000 | BS89C64 |
| 0.62% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,038,678.78 | 1,006,000 | BS2FZM5 |
| 0.62% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,035,473.46 | 1,041,000 | BN7SNC0 |
| 0.61% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $1,027,129.71 | 976,000 | BRQPKY1 |
| 0.61% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $1,024,664.33 | 989,000 | BT7HYL5 |
| 0.61% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,016,596.15 | 1,044,000 | BNW2059 |
| 0.61% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $1,015,591.74 | 992,000 | BRZWYJ6 |
| 0.60% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $1,002,629.35 | 971,000 | BMF9C65 |
| 0.59% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $996,024.59 | 976,000 | BNTZ4D7 |
| 0.59% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $993,774.29 | 945,000 | BQ2KRF3 |
| 0.59% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $992,741.53 | 1,073,000 | BMX50K5 |
| 0.59% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $985,435.82 | 946,000 | BPH25H5 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $967,222.36 | 937,000 | BQMJ1N6 |
| 0.57% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $961,958.01 | 994,000 | BMV1LQ8 |
| 0.57% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $953,931.88 | 1,039,000 | BRJHSK6 |
| 0.56% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $947,430.02 | 1,004,000 | BMT6QQ0 |
| 0.56% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $947,303.37 | 900,000 | BR1H7L8 |
| 0.55% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $929,403.23 | 897,000 | BRT75V6 |
| 0.55% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $925,701.31 | 926,000 | BN765Z1 |
| 0.55% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $921,354.83 | 892,000 | BS6S7M4 |
| 0.54% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $905,891.12 | 853,000 | BL6CM66 |
| 0.53% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $897,267.26 | 886,000 | BQT2NG5 |
| 0.53% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $890,072.47 | 852,000 | BPG22V9 |
| 0.52% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $867,686.43 | 835,000 | BVF9138 |
| 0.51% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $856,880.73 | 842,000 | BTTRMX1 |
| 0.51% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $854,589.67 | 844,000 | BPLPFQ9 |
| 0.50% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $846,943.76 | 801,000 | BVK4MV3 |
| 0.50% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $843,743.93 | 815,000 | BMZBL86 |
| 0.50% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $842,592.30 | 821,000 | BVDKGL6 |
| 0.50% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $842,395.84 | 803,000 | BRBH8M6 |
| 0.50% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $841,807.35 | 1,002,000 | BRBCV11 |
| 0.50% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $835,870.40 | 827,000 | BRXCZB7 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $826,511.97 | 799,000 | BNDQTF3 |
| 0.49% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $824,805.33 | 889,000 | BNNPV76 |
| 0.49% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $822,673.14 | 847,000 | BNHS096 |
| 0.48% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $806,976.30 | 782,000 | BM8K1F7 |
| 0.48% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $803,870.72 | 826,000 | BJNPGH3 |
| 0.46% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $780,216.51 | 900,000 | BMVZMH8 |
| 0.46% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $775,380.11 | 763,000 | BV99DS3 |
| 0.46% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $768,364.37 | 750,000 | BT9NKJ1 |
| 0.46% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $768,037.59 | 750,000 | BRT7X56 |
| 0.45% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $758,359.39 | 714,000 | BQFHT88 |
| 0.45% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $755,200.04 | 738,000 | BNRPC80 |
| 0.45% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $748,612.22 | 748,000 | BQ1PCD2 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $747,133.75 | 737,000 | BPW9BQ2 |
| 0.44% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $742,632.12 | 709,000 | BLDCK76 |
| 0.44% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $732,337.49 | 695,000 | BRBCTZ1 |
| 0.43% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $728,356.81 | 769,000 | BNDLGZ7 |
| 0.43% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $720,626.67 | 724,000 | BNRNCC8 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $720,107.86 | 701,000 | BPG27W5 |
| 0.43% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $714,486.51 | 685,000 | BSNQ215 |
| 0.42% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $711,285.98 | 675,000 | BMVXP62 |
| 0.41% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $695,188.87 | 684,000 | BTXQV60 |
| 0.41% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $693,421.31 | 686,000 | BVMDN60 |
| 0.41% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $687,769.85 | 671,000 | BQ3QRD8 |
| 0.41% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $683,180.33 | 677,000 | BP812N6 |
| 0.40% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $676,452.70 | 649,000 | BTCK903 |
| 0.40% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $676,173.23 | 657,000 | BQXJKM7 |
| 0.40% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $675,906.57 | 767,000 | BMV1L02 |
| 0.40% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $672,445.30 | 646,000 | BLC8Z03 |
| 0.40% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $669,333.71 | 618,000 | BS88506 |
| 0.40% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $668,082.89 | 641,000 | BS9C5X0 |
| 0.40% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $666,069.75 | 659,000 | BM8K6S5 |
| 0.39% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $662,902.98 | 628,000 | BLDCTF7 |
| 0.39% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $660,853.59 | 679,000 | BNHT925 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $651,881.23 | 618,000 | BV1C948 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $642,513.54 | 653,000 | BLC9L19 |
| 0.38% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $641,880.92 | 711,000 | BM94BT2 |
| 0.38% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $635,960.26 | 650,000 | BN0ZRZ9 |
| 0.37% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $624,671.11 | 610,000 | BQB88K0 |
| 0.37% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $624,216.55 | 665,000 | BPVBYZ9 |
| 0.37% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $624,119.75 | 627,000 | BS6V604 |
| 0.36% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $610,744.90 | 576,000 | BS84LN9 |
| 0.36% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $609,090.13 | 609,000 | BPP2DX9 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $597,677.02 | 581,000 | BPX27Q2 |
| 0.36% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $597,106.48 | 569,000 | BMCGQM3 |
| 0.35% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $593,369.09 | 630,000 | BP7LR98 |
| 0.35% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $589,713.25 | 582,000 | BSVLRC8 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $587,252.76 | 556,000 | BNRPV83 |
| 0.35% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $585,335.00 | 701,000 | BN6JYJ8 |
| 0.35% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $583,110.55 | 550,000 | BVK4BV6 |
| 0.35% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $582,777.47 | 546,000 | BMGC188 |
| 0.35% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $579,658.92 | 527,000 | BR1YST4 |
| 0.34% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $579,045.20 | 546,000 | BT3NFD6 |
| 0.34% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $567,517.50 | 550,000 | BP946X2 |
| 0.33% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $561,722.89 | 563,000 | BS3BCF4 |
| 0.33% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $559,842.35 | 536,000 | BRC2671 |
| 0.33% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $559,071.34 | 556,000 | BQB7JV5 |
| 0.33% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $556,600.53 | 592,000 | BPLFC68 |
| 0.33% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $555,332.78 | 539,000 | BLB3TG3 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $550,315.53 | 529,000 | BR2NN28 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $546,712.50 | 505,000 | BRCDDH3 |
| 0.32% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $544,260.00 | 564,000 | BS6RJF8 |
| 0.32% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $543,133.50 | 525,000 | BTJS1V5 |
| 0.32% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $534,333.80 | 520,000 | BMC94W8 |
| 0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $530,447.13 | 529,000 | BMW2W01 |
| 0.31% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $525,893.23 | 532,000 | BM9PWX6 |
| 0.31% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $525,883.49 | 513,000 | BQ68CL4 |
| 0.31% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $524,230.50 | 500,000 | BMVXP51 |
| 0.31% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $523,517.50 | 500,000 | BNKBFF3 |
| 0.31% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $522,084.16 | 473,000 | BR1H4Z1 |
| 0.31% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $520,144.54 | 503,000 | BRRG7V9 |
| 0.31% | -- | CELANESE US HOLDINGS LLC | 6.67% | 07/15/2027 | -- | $519,120.07 | 506,000 | BP9RBF8 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $517,844.50 | 500,000 | BMGDND0 |
| 0.31% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $515,402.84 | 527,000 | BT7JWZ1 |
| 0.31% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $513,991.00 | 500,000 | BPSQQR3 |
| 0.30% | -- | POWSOL 6 3/4 09/15/32 | -- | -- | -- | $509,733.20 | 500,000 | -- |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $509,481.28 | 489,000 | BT3CPW2 |
| 0.30% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $507,268.00 | 500,000 | BVK50T0 |
| 0.30% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $503,527.59 | 542,000 | BLDBLN6 |
| 0.30% | -- | LIGHT & WONDER INTERNATIONAL INC CALLABLE NOTES FIXED 6.25% 01/OCT/2033 USD 1000 | -- | -- | -- | $501,245.00 | 500,000 | -- |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $501,085.04 | 495,000 | BN6MM59 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $500,110.18 | 485,000 | BP092B6 |
| 0.30% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $499,611.81 | 481,000 | BPK4CP5 |
| 0.30% | -- | SOLSTICE ADVANCED MATERIALS INC CALLABLE NOTES FIXED 5.625% 30/SEP/2033 USD 1000 | -- | -- | -- | $497,833.01 | 496,000 | -- |
| 0.30% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $496,359.77 | 521,000 | BN6KWY2 |
| 0.30% | -- | ZF NORTH AMERICA CAPITAL INC CALLABLE NOTES FIXED 7.5% 24/MAR/2031 USD 1000 | -- | -- | -- | $495,721.01 | 500,000 | -- |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $495,603.00 | 450,000 | BR1YSV6 |
| 0.29% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $494,595.97 | 498,000 | BQ9D885 |
| 0.29% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $488,376.02 | 461,000 | BNQQSS6 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $484,365.42 | 464,000 | BQKRVC1 |
| 0.29% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $482,747.41 | 490,000 | BVRTP89 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $481,846.86 | 467,000 | BMCGQ56 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $479,415.51 | 483,000 | BM8H4Y8 |
| 0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $478,696.52 | 492,000 | BMY8TS4 |
| 0.28% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $477,718.50 | 466,000 | BTTRLD4 |
| 0.28% | -- | AIMEGR 7 3/8 10/01/32 | -- | -- | -- | $472,196.25 | 459,000 | -- |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $471,462.55 | 495,000 | BMH29D8 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $468,540.90 | 450,000 | BR53N25 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $467,720.10 | 450,000 | BP5JP78 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $467,121.31 | 441,000 | BPLL6H5 |
| 0.28% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $465,455.24 | 465,000 | BMD14K1 |
| 0.28% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $465,149.23 | 455,000 | BQ2KRD1 |
| 0.28% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $462,431.88 | 613,000 | BMWT6D3 |
| 0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $462,239.78 | 471,000 | BNM5Z19 |
| 0.27% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $459,179.21 | 442,000 | BRK14M1 |
| 0.27% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $459,020.54 | 426,000 | BMZMHS1 |
| 0.27% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $457,436.94 | 495,807 | BMDB423 |
| 0.26% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $442,206.41 | 442,000 | BMXHJH1 |
| 0.26% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $441,396.81 | 436,000 | BN95KZ1 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $440,918.36 | 452,000 | BP4Z8H8 |
| 0.26% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $438,751.62 | 451,000 | BSKP420 |
| 0.26% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $437,817.15 | 459,000 | BMT7QC9 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $433,913.56 | 427,000 | BL54J73 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $433,631.83 | 443,000 | BMHBB51 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $432,422.67 | 419,000 | BM8SW92 |
| 0.25% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $427,635.43 | 399,000 | BMJ0LG7 |
| 0.25% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $421,890.47 | 412,000 | BP4YGK4 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $421,845.39 | 431,000 | BRPT5J4 |
| 0.25% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $421,161.53 | 422,000 | BMF4PS3 |
| 0.25% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $418,291.52 | 401,000 | BMJ0L90 |
| 0.25% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $411,934.19 | 388,000 | BSNZ6B0 |
| 0.24% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $410,344.29 | 383,000 | BPBRSM2 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $406,229.54 | 422,000 | BP83D39 |
| 0.24% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $404,365.82 | 384,000 | BNRPLW7 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $400,274.21 | 416,000 | BNKFMN2 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $399,320.01 | 383,000 | BP092P0 |
| 0.23% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $393,017.47 | 424,000 | BNKLFF3 |
| 0.23% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $392,750.63 | 382,000 | BRBDSH9 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $392,072.58 | 382,000 | BRBVMG0 |
| 0.23% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $390,276.34 | 376,000 | BRT7527 |
| 0.23% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $389,787.65 | 394,000 | BMBV4H0 |
| 0.22% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $375,268.75 | 485,000 | BMH8323 |
| 0.22% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $375,034.86 | 581,000 | BMY0HH5 |
| 0.22% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $368,374.03 | 491,000 | BM93J39 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $368,290.88 | 378,000 | BR4ZG56 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $365,023.33 | 349,000 | BS7XRZ1 |
| 0.22% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $363,394.51 | 354,000 | BM9YJB0 |
| 0.21% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $356,877.43 | 337,000 | BMCMQL0 |
| 0.21% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $355,071.86 | 384,000 | BNM51T9 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $352,635.97 | 347,000 | BMXHQ92 |
| 0.21% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $350,013.66 | 343,000 | BP091F3 |
| 0.21% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $346,596.81 | 1,169,000 | BQWNRK7 |
| 0.19% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $322,296.64 | 500,000 | BNQPRV9 |
| 0.19% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $321,409.61 | 322,000 | BMDXC58 |
| 0.19% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $319,257.79 | 401,000 | BP9LWV3 |
| 0.17% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $292,025.84 | 296,000 | BNTBJ41 |
| 0.16% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $265,000.31 | 258,000 | BV0YZ47 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $259,054.20 | 285,000 | BM9SD09 |
| 0.15% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $256,302.50 | 653,000 | BPGM651 |
| 0.14% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $235,744.70 | 228,000 | BVF9246 |
| 0.12% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $194,852.74 | 192,000 | BVYL9V9 |
| 0.11% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $188,352.20 | 183,000 | BPK4TG5 |
| 0.07% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $125,262.39 | 133,000 | BMD9BZ9 |
| 0.07% | -- | HERC HOLDINGS INC | 7.00% | 06/15/2030 | -- | $114,426.84 | 110,000 | BV5GRS6 |
| 0.04% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $74,894.23 | 319,000 | BP0X973 |
| 0.03% | -- | LEVEL 3 FINANCING INC | 7.00% | 03/31/2034 | -- | $50,986.66 | 50,000 | BV6KVQ3 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -12.44% | -- | US 10YR NOTE (CBT) BOND 19/DEC/2025 TYZ5 COMDTY | -- | -- | -20,876,094 | -- | -185 | -- |
| -39.15% | -- | US 2YR NOTE (CBT) BOND 31/DEC/2025 TUZ5 COMDTY | -- | -- | -65,714,414 | -- | -315 | -- |
| -44.53% | -- | US 5YR NOTE (CBT) BOND 31/DEC/2025 FVZ5 COMDTY | -- | -- | -74,745,813 | -- | -683 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,216,555.41 | 7,216,555 | -- |
Index
as of 3/31/2025
- Total Number of Issues246
- Long Portfolio Duration3.21
- Net Effective Duration-0.05
- Long Portfolio Yield7.40
- Net Index Yield8.05
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
2025
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
| 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