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 12/31/2025
| 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% | -- |
| 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 12/31/2025- Number of Companies 238
- Net Effective Duration -0.14988
Price
as of 1/21/2026- NAV $64.90
- NAV Change $+0.04
- Market Price $65.14
- Market Price Change $+0.20
- Trading Volume (M) 8,930
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.38%
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 6.95%
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 12/31/2025- Number of Companies 238
- Net Effective Duration -0.14988
Price
as of 1/21/2026- NAV $64.90
- NAV Change $+0.04
- Market Price $65.14
- Market Price Change $+0.20
- Trading Volume (M) 8,930
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.38%
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 6.95%
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 1/20/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.56% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,472,531.89 | 2,385,000 | BPH26F0 |
| 1.27% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,022,689.05 | 1,959,000 | BS9G792 |
| 1.23% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,958,055.57 | 1,941,000 | BN2QTP4 |
| 1.17% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,860,510.50 | 1,806,000 | BV4K8M0 |
| 1.12% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,775,815.58 | 1,618,000 | BR54DP1 |
| 1.03% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,632,158.20 | 1,592,000 | BT7MYF4 |
| 0.95% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,512,689.12 | 1,401,000 | BP2F579 |
| 0.92% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,455,076.85 | 1,385,000 | BP6GPK1 |
| 0.91% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,444,749.89 | 1,415,000 | BQKN5B6 |
| 0.89% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,407,736.23 | 1,347,000 | BVDKGM7 |
| 0.88% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,399,347.30 | 1,338,000 | BQ67HZ0 |
| 0.85% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,349,263.50 | 1,300,000 | BW5ZMJ6 |
| 0.84% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,330,856.93 | 1,861,000 | BTPF2W8 |
| 0.83% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,321,549.02 | 1,283,000 | BS2FMQ8 |
| 0.82% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,300,691.39 | 1,264,000 | BNM6H94 |
| 0.81% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,283,260.39 | 1,250,000 | BRXZ215 |
| 0.79% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,261,612.58 | 1,219,000 | BQB9NW0 |
| 0.79% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,255,145.10 | 1,210,000 | BNZG7Q8 |
| 0.76% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,209,420.81 | 1,170,000 | BRJQLF9 |
| 0.76% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,207,850.61 | 1,223,000 | BMVXSB8 |
| 0.76% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,205,249.26 | 1,179,000 | BSHT8Y5 |
| 0.74% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,170,206.07 | 1,154,000 | BRK4301 |
| 0.73% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,160,727.57 | 1,096,000 | BV5GRT7 |
| 0.70% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,118,501.05 | 1,145,000 | BMBJVY0 |
| 0.70% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,116,406.02 | 1,115,000 | BMWDGR9 |
| 0.69% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,095,799.10 | 1,073,000 | BV6KVR4 |
| 0.67% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,066,627.00 | 1,038,000 | BM8K6S5 |
| 0.66% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,051,312.67 | 1,037,000 | BV4FWX4 |
| 0.66% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,047,984.00 | 1,000,000 | BRSF6F2 |
| 0.65% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,039,705.18 | 1,000,000 | BT7HWD3 |
| 0.65% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,031,799.23 | 996,000 | BPLP3M1 |
| 0.65% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,025,364.49 | 1,006,000 | BS2FZM5 |
| 0.64% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,024,465.30 | 1,000,000 | BW2K4P4 |
| 0.64% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,023,466.72 | 1,068,000 | BVF9138 |
| 0.63% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,002,871.00 | 1,000,000 | BVBFJZ8 |
| 0.62% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $990,313.70 | 945,000 | BQ2KRF3 |
| 0.62% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $984,003.20 | 976,000 | BSTKQX1 |
| 0.62% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $980,986.75 | 930,000 | BQ80PR5 |
| 0.61% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $973,458.67 | 937,000 | BQMJ1N6 |
| 0.61% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $966,916.57 | 988,000 | BS89C64 |
| 0.61% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $964,140.57 | 929,000 | BT7HYL5 |
| 0.59% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $940,430.13 | 941,000 | BN7SNC0 |
| 0.58% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $922,724.28 | 897,000 | BP9MC16 |
| 0.58% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $914,787.55 | 1,039,000 | BRJHSK6 |
| 0.56% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $885,722.16 | 852,000 | BPG22V9 |
| 0.56% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $884,291.24 | 868,000 | BM9YJB0 |
| 0.55% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $881,152.63 | 1,005,000 | BMBVFS8 |
| 0.54% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $853,278.55 | 801,000 | BVK4MV3 |
| 0.53% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $847,347.15 | 835,000 | BS6V604 |
| 0.53% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $835,418.70 | 819,000 | BV99DS3 |
| 0.53% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $835,139.87 | 827,000 | BRXCZB7 |
| 0.52% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $833,262.72 | 799,000 | BNDQTF3 |
| 0.52% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $831,158.91 | 1,000,000 | BMVZMH8 |
| 0.52% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $824,001.23 | 798,000 | BS6S7M4 |
| 0.52% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $818,498.40 | 800,000 | BVK50T0 |
| 0.51% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $815,090.29 | 779,000 | BMJ0L90 |
| 0.51% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $812,508.78 | 826,000 | BJNPGH3 |
| 0.51% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $807,398.58 | 782,000 | BM8K1F7 |
| 0.50% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $795,116.81 | 786,000 | BM8H783 |
| 0.50% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $794,663.71 | 793,000 | BPVDS42 |
| 0.50% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $790,822.90 | 772,000 | BNTZ4D7 |
| 0.49% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $778,032.20 | 748,000 | BNBV5N0 |
| 0.48% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $770,352.62 | 889,000 | BNNPV76 |
| 0.48% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $762,282.00 | 750,000 | BS84Y29 |
| 0.48% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $759,000.69 | 735,000 | BRT75V6 |
| 0.48% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $758,506.53 | 742,000 | BTTRMX1 |
| 0.48% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $756,732.61 | 750,000 | BVK6BT0 |
| 0.47% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $753,152.09 | 737,000 | BPW9BQ2 |
| 0.47% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $750,852.51 | 748,000 | BQ1PCD2 |
| 0.46% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $734,447.32 | 724,000 | BNRNCC8 |
| 0.45% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $722,944.13 | 767,000 | BMV1L02 |
| 0.45% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $719,068.41 | 697,000 | BMZBL86 |
| 0.45% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $712,326.15 | 675,000 | BNQQSS6 |
| 0.45% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $712,317.12 | 685,000 | BSNQ215 |
| 0.45% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $708,331.34 | 682,000 | BMF9C65 |
| 0.45% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $707,227.19 | 737,353 | BT68Y19 |
| 0.44% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $705,711.53 | 684,000 | BTXQV60 |
| 0.44% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $703,195.26 | 664,000 | BRQPKY1 |
| 0.44% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $697,664.74 | 686,000 | BQT2NG5 |
| 0.44% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $697,079.93 | 675,000 | BMVXP62 |
| 0.44% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $693,331.31 | 666,000 | BLC8Z03 |
| 0.43% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $682,402.69 | 674,000 | BR886L7 |
| 0.43% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $678,592.31 | 657,000 | BQXJKM7 |
| 0.43% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $678,269.90 | 649,000 | BTCK903 |
| 0.42% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $675,324.10 | 675,000 | BVMS268 |
| 0.42% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $663,778.53 | 677,000 | BMV1LQ8 |
| 0.41% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $645,308.08 | 711,000 | BM94BT2 |
| 0.40% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $636,956.09 | 665,000 | BPVBYZ9 |
| 0.40% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $633,195.29 | 613,000 | BP946X2 |
| 0.39% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $621,781.38 | 601,000 | BPG27W5 |
| 0.38% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $608,632.04 | 792,000 | BRBCV11 |
| 0.38% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $608,206.02 | 602,000 | BQTWXH6 |
| 0.38% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $608,073.41 | 600,000 | BVMR221 |
| 0.38% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $601,168.25 | 581,000 | BPX27Q2 |
| 0.38% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $599,839.96 | 558,000 | BS88506 |
| 0.37% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $585,122.07 | 548,000 | BTCCGD1 |
| 0.37% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $583,359.37 | 556,000 | BNRPV83 |
| 0.37% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $580,211.81 | 546,000 | BT3NFD6 |
| 0.36% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $577,355.33 | 576,000 | BS84LN9 |
| 0.36% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $577,220.60 | 550,000 | BVK4BV6 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $574,863.65 | 630,000 | BP7LR98 |
| 0.36% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $571,852.31 | 543,000 | BRBCTZ1 |
| 0.35% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $563,208.10 | 528,000 | BLDCTF7 |
| 0.35% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $560,499.15 | 556,000 | BQB7JV5 |
| 0.35% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $553,397.77 | 539,000 | BLB3TG3 |
| 0.35% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $551,026.49 | 563,000 | BS3BCF4 |
| 0.35% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $550,126.49 | 525,000 | BTJS1V5 |
| 0.34% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $545,506.05 | 505,000 | BRCDDH3 |
| 0.34% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $539,957.68 | 520,000 | BMC94W8 |
| 0.34% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $539,500.00 | 520,000 | BNBTNV8 |
| 0.34% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $538,638.00 | 500,000 | BTWWV25 |
| 0.34% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $537,993.61 | 550,000 | BNW2059 |
| 0.34% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $534,247.12 | 536,000 | BVBG0S1 |
| 0.33% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $528,774.86 | 529,000 | BMW2W01 |
| 0.33% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $526,911.17 | 550,000 | BV2JDH9 |
| 0.33% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $524,098.97 | 511,000 | BLDCF37 |
| 0.33% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $521,405.00 | 500,000 | BMGDND0 |
| 0.33% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $520,376.00 | 500,000 | BS9C5X0 |
| 0.33% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $520,063.50 | 500,000 | BMVXP51 |
| 0.33% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $518,482.49 | 525,000 | BNHS096 |
| 0.33% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $517,727.13 | 542,000 | BLDBLN6 |
| 0.33% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $517,142.25 | 473,000 | BR1H4Z1 |
| 0.32% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $515,040.55 | 719,000 | BMWT6D3 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $514,673.42 | 513,000 | BQ68CL4 |
| 0.32% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $510,870.58 | 496,000 | BT9NKJ1 |
| 0.32% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $508,859.76 | 489,000 | BT3CPW2 |
| 0.32% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $505,239.54 | 500,000 | BQ689G8 |
| 0.32% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $503,713.41 | 515,000 | BNHT925 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $503,355.12 | 503,000 | BRRG7V9 |
| 0.32% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $503,341.25 | 495,000 | BN6MM59 |
| 0.32% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $501,947.00 | 500,000 | BTGTPC0 |
| 0.32% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $501,805.74 | 485,000 | BP092B6 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $499,497.95 | 517,000 | BLC9L19 |
| 0.31% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $499,318.74 | 496,000 | BQT3JM6 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $494,699.10 | 534,000 | BKPJT48 |
| 0.31% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $488,255.85 | 450,000 | BR1YSV6 |
| 0.31% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $484,805.30 | 464,000 | BQKRVC1 |
| 0.30% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $484,335.97 | 467,000 | BMCGQ56 |
| 0.30% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $483,630.00 | 500,000 | BSJQ190 |
| 0.30% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $479,512.80 | 467,000 | BV8DHB7 |
| 0.30% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $478,315.96 | 483,000 | BM8H4Y8 |
| 0.30% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $477,962.27 | 501,000 | BN6JYJ8 |
| 0.30% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $477,836.40 | 466,000 | BTTRLD4 |
| 0.30% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $475,037.49 | 495,000 | BMH29D8 |
| 0.30% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $470,766.72 | 471,000 | BTFHSL5 |
| 0.30% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $469,272.28 | 446,000 | BMGC188 |
| 0.30% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $469,146.48 | 450,000 | BP5JP78 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,977.95 | 450,000 | BR53N25 |
| 0.29% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $463,296.57 | 490,000 | BNKLFF3 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $463,254.72 | 492,000 | BPLFC68 |
| 0.29% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $460,805.75 | 441,000 | BPLL6H5 |
| 0.29% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $460,669.89 | 448,000 | BV0YZ47 |
| 0.29% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $459,370.28 | 455,000 | BQ2KRD1 |
| 0.29% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $458,587.30 | 426,000 | BMZMHS1 |
| 0.29% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $455,518.41 | 436,000 | BRC2671 |
| 0.29% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $455,186.92 | 433,000 | BP092P0 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $444,756.23 | 467,000 | BT7JWZ1 |
| 0.28% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $444,521.95 | 432,000 | BP4YGK4 |
| 0.28% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $443,026.72 | 413,000 | BV1C948 |
| 0.28% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $441,520.28 | 436,000 | BN95KZ1 |
| 0.28% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $441,499.48 | 459,000 | BMT7QC9 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $440,803.81 | 469,000 | BR4ZG56 |
| 0.28% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $440,799.80 | 443,000 | BMHBB51 |
| 0.28% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $439,349.57 | 419,000 | BNRPLW7 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $433,526.47 | 449,000 | BQ9D885 |
| 0.27% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $430,663.23 | 427,000 | BL54J73 |
| 0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $430,643.01 | 433,000 | BM9PWX6 |
| 0.27% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $430,496.69 | 427,000 | BV3PLR2 |
| 0.27% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $430,350.52 | 425,000 | BRS7WN8 |
| 0.27% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $429,675.40 | 452,000 | BP4Z8H8 |
| 0.27% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $428,191.68 | 420,000 | BSVLRC8 |
| 0.27% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $424,270.00 | 418,000 | BMW2F91 |
| 0.27% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $422,076.14 | 409,000 | BVDKGL6 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $420,321.92 | 407,000 | BM8SW92 |
| 0.26% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $420,017.64 | 408,000 | BQB88K0 |
| 0.26% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $411,536.10 | 391,000 | BMCGQM3 |
| 0.26% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $409,335.60 | 400,000 | BVBCQP8 |
| 0.26% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $408,296.78 | 412,000 | BTFHQJ9 |
| 0.26% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $407,466.07 | 422,000 | BP83D39 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $403,580.25 | 393,000 | BMW2FL3 |
| 0.25% | -- | WINDSTREAM SERVICES LLC | 7.50% | 10/15/2033 | -- | $402,374.97 | 391,000 | BVMSGF5 |
| 0.25% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $399,736.74 | 417,000 | BN6KWY2 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $396,682.27 | 378,000 | BPBRSM2 |
| 0.25% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $396,069.68 | 394,000 | BMBV4H0 |
| 0.25% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $395,272.21 | 382,000 | BRBDSH9 |
| 0.25% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $389,405.10 | 382,000 | BRBVMG0 |
| 0.24% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $387,759.40 | 376,000 | BRT7527 |
| 0.24% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $386,538.34 | 431,000 | BRPT5J4 |
| 0.24% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $386,019.91 | 391,000 | BN0ZRZ9 |
| 0.24% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $385,858.54 | 392,000 | BMY8TS4 |
| 0.24% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $383,409.94 | 381,000 | BVBFJY7 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $381,013.72 | 404,000 | BRT7X56 |
| 0.24% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $375,875.00 | 485,000 | BMH8323 |
| 0.23% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $368,460.73 | 393,591 | BMDB423 |
| 0.23% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $364,896.82 | 581,000 | BMY0HH5 |
| 0.23% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $364,685.81 | 367,000 | BSZ7DB3 |
| 0.23% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $363,580.00 | 392,000 | BMXHJH1 |
| 0.23% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $363,244.33 | 357,000 | BVMDN60 |
| 0.23% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $362,485.56 | 491,000 | BM93J39 |
| 0.23% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $361,973.44 | 465,000 | BS6RJF8 |
| 0.23% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $357,644.25 | 345,000 | BVZMLG0 |
| 0.22% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $353,735.62 | 347,000 | BMXHQ92 |
| 0.22% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $352,768.98 | 343,000 | BRK14M1 |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $350,556.78 | 343,000 | BP091F3 |
| 0.22% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $348,521.60 | 338,000 | BR4XVS8 |
| 0.21% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $337,352.36 | 324,000 | BPK4CP5 |
| 0.21% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $335,989.37 | 312,000 | BMJ0LG7 |
| 0.21% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $327,806.05 | 325,000 | BSNMMD5 |
| 0.20% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $323,028.13 | 324,000 | BR113M3 |
| 0.19% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $305,011.58 | 297,000 | BRZWYJ6 |
| 0.19% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $301,257.22 | 290,000 | BVF9246 |
| 0.19% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $300,743.10 | 300,000 | BTPH0K8 |
| 0.19% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $300,011.40 | 300,000 | BVSYM93 |
| 0.19% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $299,209.00 | 400,000 | BNQPRV9 |
| 0.19% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $298,023.62 | 283,000 | BR2NN28 |
| 0.18% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $293,680.04 | 296,000 | BNTBJ41 |
| 0.18% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $285,910.81 | 293,000 | BSKP420 |
| 0.18% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $280,324.81 | 282,000 | BVRTP89 |
| 0.17% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $263,639.67 | 267,000 | BNM5Z19 |
| 0.17% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $263,116.71 | 261,000 | BP812N6 |
| 0.16% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $258,224.31 | 401,000 | BP9LWV3 |
| 0.16% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $253,161.47 | 239,000 | BMCMQL0 |
| 0.15% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $237,482.53 | 237,000 | BMD14K1 |
| 0.15% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $236,151.73 | 235,000 | BN765Z1 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $222,244.74 | 233,000 | BMD9BZ9 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $208,015.36 | 202,000 | BSD6D23 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $191,489.00 | 183,000 | BPK4TG5 |
| 0.12% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $190,274.61 | 188,000 | BQ3QRD8 |
| 0.11% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $181,956.90 | 179,000 | BS88ZW8 |
| 0.11% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $174,534.20 | 166,000 | BSNZ6B0 |
| 0.10% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $161,066.62 | 177,000 | BM9SD09 |
| 0.10% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $157,300.00 | 572,000 | BPGM651 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $140,994.27 | 135,000 | BNKBFF3 |
| 0.07% | -- | FRONTIER COMMUNICATIONS | 6.00% | 01/15/2030 | -- | $110,544.53 | 109,000 | BMTVRK6 |
| 0.07% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $109,683.10 | 109,000 | BPP2DX9 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,528.66 | 13,000 | BPH25H5 |
| -12.55% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2026 TYH6 COMDTY | -- | -- | -19,944,516 | -- | -179 | -- |
| -34.59% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2026 TUH6 COMDTY | -- | -- | -54,975,938 | -- | -264 | -- |
| -44.98% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2026 FVH6 COMDTY | -- | -- | -71,475,250 | -- | -658 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,725,422.93 | 7,725,423 | -- |
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