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 1/16/2026- NAV $64.91
- NAV Change $+0.13
- Market Price $64.90
- Market Price Change $+0.14
- Trading Volume (M) 4,588
- 30-Day Median Bid Ask Spread 0.43%
- 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 1/16/2026- NAV $64.91
- NAV Change $+0.13
- Market Price $64.90
- Market Price Change $+0.14
- Trading Volume (M) 4,588
- 30-Day Median Bid Ask Spread 0.43%
- 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 1/16/2026
| 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 | -- | $2,479,860.99 | 2,385,000 | BPH26F0 |
| 1.27% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,029,103.87 | 1,959,000 | BS9G792 |
| 1.24% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,965,891.05 | 1,941,000 | BN2QTP4 |
| 1.17% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,858,514.87 | 1,806,000 | BV4K8M0 |
| 1.12% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,778,981.05 | 1,618,000 | BR54DP1 |
| 1.03% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,636,895.99 | 1,592,000 | BT7MYF4 |
| 0.92% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,457,794.22 | 1,385,000 | BP6GPK1 |
| 0.91% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,448,622.15 | 1,415,000 | BQKN5B6 |
| 0.89% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,411,140.10 | 1,347,000 | BVDKGM7 |
| 0.88% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,407,960.41 | 1,301,000 | BP2F579 |
| 0.88% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,402,120.97 | 1,338,000 | BQ67HZ0 |
| 0.85% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,351,869.16 | 1,300,000 | BW5ZMJ6 |
| 0.85% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,349,225.00 | 1,861,000 | BTPF2W8 |
| 0.83% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,325,463.45 | 1,283,000 | BS2FMQ8 |
| 0.82% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,301,909.89 | 1,264,000 | BNM6H94 |
| 0.81% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,289,750.00 | 1,250,000 | BRXZ215 |
| 0.79% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,259,083.65 | 1,210,000 | BNZG7Q8 |
| 0.76% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,213,873.89 | 1,170,000 | BRJQLF9 |
| 0.76% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,210,190.45 | 1,179,000 | BSHT8Y5 |
| 0.76% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,206,579.64 | 1,223,000 | BMVXSB8 |
| 0.74% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,175,429.78 | 1,154,000 | BRK4301 |
| 0.73% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,162,111.82 | 1,096,000 | BV5GRT7 |
| 0.73% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,158,488.39 | 1,119,000 | BQB9NW0 |
| 0.70% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,118,995.10 | 1,145,000 | BMBJVY0 |
| 0.70% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,116,418.24 | 1,115,000 | BMWDGR9 |
| 0.69% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,098,895.78 | 1,073,000 | BV6KVR4 |
| 0.67% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,071,649.88 | 1,038,000 | BM8K6S5 |
| 0.66% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,052,040.65 | 1,037,000 | BV4FWX4 |
| 0.66% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,051,109.00 | 1,000,000 | BRSF6F2 |
| 0.65% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,042,082.00 | 1,000,000 | BT7HWD3 |
| 0.65% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,034,345.92 | 996,000 | BPLP3M1 |
| 0.65% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,033,538.25 | 1,068,000 | BVF9138 |
| 0.65% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,029,147.72 | 1,006,000 | BS2FZM5 |
| 0.63% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,006,540.00 | 1,000,000 | BVBFJZ8 |
| 0.62% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $993,133.58 | 945,000 | BQ2KRF3 |
| 0.62% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $983,568.93 | 930,000 | BQ80PR5 |
| 0.61% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $977,369.71 | 937,000 | BQMJ1N6 |
| 0.61% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $968,188.01 | 929,000 | BT7HYL5 |
| 0.59% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $942,444.44 | 941,000 | BN7SNC0 |
| 0.58% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $925,281.90 | 900,000 | BW2K4P4 |
| 0.58% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $923,227.98 | 897,000 | BP9MC16 |
| 0.58% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $918,265.29 | 1,039,000 | BRJHSK6 |
| 0.56% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $888,246.10 | 868,000 | BM9YJB0 |
| 0.56% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $886,955.86 | 852,000 | BPG22V9 |
| 0.56% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $886,798.13 | 1,005,000 | BMBVFS8 |
| 0.55% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $872,280.98 | 888,000 | BS89C64 |
| 0.53% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $849,776.90 | 801,000 | BVK4MV3 |
| 0.53% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $849,298.54 | 835,000 | BS6V604 |
| 0.53% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $838,567.25 | 827,000 | BRXCZB7 |
| 0.53% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $837,825.53 | 819,000 | BV99DS3 |
| 0.52% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $835,234.65 | 799,000 | BNDQTF3 |
| 0.52% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $825,118.43 | 798,000 | BS6S7M4 |
| 0.52% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $821,749.60 | 800,000 | BVK50T0 |
| 0.51% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $816,234.05 | 826,000 | BJNPGH3 |
| 0.51% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $815,066.14 | 779,000 | BMJ0L90 |
| 0.51% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $808,724.85 | 782,000 | BM8K1F7 |
| 0.50% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $797,775.07 | 786,000 | BM8H783 |
| 0.50% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $794,676.40 | 793,000 | BPVDS42 |
| 0.50% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $793,688.94 | 772,000 | BNTZ4D7 |
| 0.49% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $779,696.74 | 889,000 | BNNPV76 |
| 0.48% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $766,052.97 | 750,000 | BS84Y29 |
| 0.48% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $761,836.63 | 742,000 | BTTRMX1 |
| 0.48% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $760,659.59 | 735,000 | BRT75V6 |
| 0.48% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $757,559.53 | 750,000 | BVK6BT0 |
| 0.47% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $753,822.43 | 748,000 | BQ1PCD2 |
| 0.47% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $753,800.65 | 737,000 | BPW9BQ2 |
| 0.47% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $753,393.51 | 900,000 | BMVZMH8 |
| 0.46% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $735,890.25 | 724,000 | BNRNCC8 |
| 0.45% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $721,243.75 | 697,000 | BMZBL86 |
| 0.45% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $714,120.04 | 685,000 | BSNQ215 |
| 0.45% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $712,933.65 | 675,000 | BNQQSS6 |
| 0.45% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $712,932.11 | 682,000 | BMF9C65 |
| 0.45% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $709,517.30 | 684,000 | BTXQV60 |
| 0.44% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $705,841.92 | 737,353 | BT68Y19 |
| 0.44% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $704,085.02 | 664,000 | BRQPKY1 |
| 0.44% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $700,750.37 | 686,000 | BQT2NG5 |
| 0.44% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $699,171.08 | 675,000 | BMVXP62 |
| 0.43% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $684,595.28 | 674,000 | BR886L7 |
| 0.43% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $678,607.38 | 649,000 | BTCK903 |
| 0.43% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $677,398.95 | 675,000 | BVMS268 |
| 0.42% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $661,425.48 | 677,000 | BMV1LQ8 |
| 0.41% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $658,823.01 | 767,000 | BMV1L02 |
| 0.41% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $650,093.25 | 711,000 | BM94BT2 |
| 0.40% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $637,526.13 | 613,000 | BP946X2 |
| 0.40% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $637,484.83 | 665,000 | BPVBYZ9 |
| 0.39% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $622,789.26 | 601,000 | BPG27W5 |
| 0.39% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $614,106.22 | 602,000 | BQTWXH6 |
| 0.38% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $611,355.25 | 792,000 | BRBCV11 |
| 0.38% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $602,760.30 | 581,000 | BPX27Q2 |
| 0.38% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $600,798.04 | 558,000 | BS88506 |
| 0.37% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $586,495.90 | 548,000 | BTCCGD1 |
| 0.37% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $583,555.36 | 556,000 | BNRPV83 |
| 0.37% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $581,206.08 | 546,000 | BT3NFD6 |
| 0.36% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $578,970.43 | 576,000 | BS84LN9 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $576,500.51 | 630,000 | BP7LR98 |
| 0.36% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $576,272.76 | 557,000 | BQXJKM7 |
| 0.36% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $573,256.11 | 543,000 | BRBCTZ1 |
| 0.36% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $568,591.84 | 546,000 | BLC8Z03 |
| 0.35% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $564,742.99 | 528,000 | BLDCTF7 |
| 0.35% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $561,871.92 | 556,000 | BQB7JV5 |
| 0.35% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $553,778.86 | 539,000 | BLB3TG3 |
| 0.35% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $550,951.41 | 563,000 | BS3BCF4 |
| 0.35% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $550,617.38 | 525,000 | BTJS1V5 |
| 0.34% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $545,760.57 | 505,000 | BRCDDH3 |
| 0.34% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $540,811.44 | 520,000 | BMC94W8 |
| 0.34% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $540,624.72 | 520,000 | BNBTNV8 |
| 0.34% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $540,479.00 | 500,000 | BTWWV25 |
| 0.34% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $540,144.55 | 550,000 | BNW2059 |
| 0.34% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $536,722.53 | 536,000 | BVBG0S1 |
| 0.33% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $531,075.30 | 550,000 | BV2JDH9 |
| 0.33% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $528,463.75 | 529,000 | BMW2W01 |
| 0.33% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $526,233.93 | 511,000 | BLDCF37 |
| 0.33% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $522,930.58 | 500,000 | BNBV5N0 |
| 0.33% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $522,614.50 | 500,000 | BMVXP51 |
| 0.33% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $522,521.00 | 500,000 | BMGDND0 |
| 0.33% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $521,510.50 | 500,000 | BS9C5X0 |
| 0.33% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $519,738.87 | 525,000 | BNHS096 |
| 0.33% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $518,955.68 | 542,000 | BLDBLN6 |
| 0.32% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $517,044.34 | 473,000 | BR1H4Z1 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $516,832.62 | 513,000 | BQ68CL4 |
| 0.32% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $515,913.52 | 719,000 | BMWT6D3 |
| 0.32% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $511,601.68 | 496,000 | BT9NKJ1 |
| 0.32% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $510,558.05 | 489,000 | BT3CPW2 |
| 0.32% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $509,432.26 | 500,000 | BVMR221 |
| 0.32% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $508,873.00 | 500,000 | BQ689G8 |
| 0.32% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $504,890.00 | 500,000 | BSTKQX1 |
| 0.32% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $504,709.92 | 495,000 | BN6MM59 |
| 0.32% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $504,677.42 | 485,000 | BP092B6 |
| 0.32% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $504,155.49 | 515,000 | BNHT925 |
| 0.32% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $504,009.00 | 500,000 | BTGTPC0 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $503,426.54 | 503,000 | BRRG7V9 |
| 0.31% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $501,057.71 | 496,000 | BQT3JM6 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $500,944.15 | 517,000 | BLC9L19 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $496,524.68 | 534,000 | BKPJT48 |
| 0.31% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $488,190.15 | 450,000 | BR1YSV6 |
| 0.31% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $485,427.35 | 467,000 | BMCGQ56 |
| 0.30% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $485,344.00 | 464,000 | BQKRVC1 |
| 0.30% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $483,750.00 | 500,000 | BSJQ190 |
| 0.30% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $479,868.77 | 501,000 | BN6JYJ8 |
| 0.30% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $479,774.86 | 483,000 | BM8H4Y8 |
| 0.30% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $479,257.23 | 466,000 | BTTRLD4 |
| 0.30% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $477,162.43 | 495,000 | BMH29D8 |
| 0.30% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $473,235.30 | 450,000 | BVK4BV6 |
| 0.30% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $471,944.36 | 471,000 | BTFHSL5 |
| 0.30% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $471,136.95 | 450,000 | BP5JP78 |
| 0.30% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $470,402.44 | 446,000 | BMGC188 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $469,167.30 | 450,000 | BR53N25 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $466,854.03 | 492,000 | BPLFC68 |
| 0.29% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $463,547.01 | 490,000 | BNKLFF3 |
| 0.29% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $461,913.09 | 448,000 | BV0YZ47 |
| 0.29% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $460,646.55 | 455,000 | BQ2KRD1 |
| 0.29% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $460,429.58 | 441,000 | BPLL6H5 |
| 0.29% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $460,051.03 | 426,000 | BMZMHS1 |
| 0.29% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $456,744.88 | 436,000 | BRC2671 |
| 0.28% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $445,273.47 | 413,000 | BV1C948 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $445,232.62 | 467,000 | BT7JWZ1 |
| 0.28% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $444,981.60 | 432,000 | BP4YGK4 |
| 0.28% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $443,159.91 | 459,000 | BMT7QC9 |
| 0.28% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $443,034.42 | 436,000 | BN95KZ1 |
| 0.28% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $441,904.73 | 443,000 | BMHBB51 |
| 0.28% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $439,532.26 | 419,000 | BNRPLW7 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $435,164.38 | 449,000 | BQ9D885 |
| 0.27% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $432,153.46 | 427,000 | BL54J73 |
| 0.27% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $432,090.67 | 427,000 | BV3PLR2 |
| 0.27% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $431,747.73 | 425,000 | BRS7WN8 |
| 0.27% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $431,174.91 | 452,000 | BP4Z8H8 |
| 0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $431,072.50 | 433,000 | BM9PWX6 |
| 0.27% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $428,325.37 | 420,000 | BSVLRC8 |
| 0.27% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $426,560.64 | 418,000 | BMW2F91 |
| 0.27% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $423,283.10 | 409,000 | BVDKGL6 |
| 0.27% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $421,785.90 | 407,000 | BM8SW92 |
| 0.26% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $420,542.74 | 408,000 | BQB88K0 |
| 0.26% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $412,517.12 | 391,000 | BMCGQM3 |
| 0.26% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $411,962.86 | 412,000 | BTFHQJ9 |
| 0.26% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $411,685.20 | 400,000 | BVBCQP8 |
| 0.26% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $409,468.96 | 422,000 | BP83D39 |
| 0.26% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $406,479.90 | 393,000 | BMW2FL3 |
| 0.25% | -- | WINDSTREAM SERVICES LLC | 7.50% | 10/15/2033 | -- | $404,743.65 | 391,000 | BVMSGF5 |
| 0.25% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $400,666.52 | 417,000 | BN6KWY2 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $397,840.46 | 378,000 | BPBRSM2 |
| 0.25% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $396,706.78 | 394,000 | BMBV4H0 |
| 0.25% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $396,384.59 | 382,000 | BRBDSH9 |
| 0.25% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $390,787.42 | 382,000 | BRBVMG0 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $390,459.19 | 431,000 | BRPT5J4 |
| 0.24% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $386,574.62 | 391,000 | BN0ZRZ9 |
| 0.24% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $385,804.62 | 392,000 | BMY8TS4 |
| 0.24% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $385,064.89 | 381,000 | BVBFJY7 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $382,352.16 | 404,000 | BRT7X56 |
| 0.24% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $378,021.19 | 367,000 | BV8DHB7 |
| 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 | -- | $370,128.53 | 393,591 | BMDB423 |
| 0.23% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $369,675.00 | 465,000 | BS6RJF8 |
| 0.23% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $369,505.02 | 581,000 | BMY0HH5 |
| 0.23% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $366,305.45 | 367,000 | BSZ7DB3 |
| 0.23% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $364,611.60 | 357,000 | BVMDN60 |
| 0.23% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $364,070.00 | 392,000 | BMXHJH1 |
| 0.23% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $362,313.47 | 491,000 | BM93J39 |
| 0.23% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $359,069.10 | 345,000 | BVZMLG0 |
| 0.22% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $353,920.92 | 347,000 | BMXHQ92 |
| 0.22% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $353,382.61 | 343,000 | BRK14M1 |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $352,275.75 | 343,000 | BP091F3 |
| 0.22% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $350,439.21 | 333,000 | BP092P0 |
| 0.22% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $349,313.54 | 338,000 | BR4XVS8 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $347,143.80 | 369,000 | BR4ZG56 |
| 0.21% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $338,231.05 | 324,000 | BPK4CP5 |
| 0.21% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $336,698.23 | 312,000 | BMJ0LG7 |
| 0.21% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $329,961.78 | 325,000 | BSNMMD5 |
| 0.20% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $325,323.54 | 324,000 | BR113M3 |
| 0.19% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $305,344.22 | 297,000 | BRZWYJ6 |
| 0.19% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $302,436.00 | 400,000 | BNQPRV9 |
| 0.19% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $301,972.07 | 290,000 | BVF9246 |
| 0.19% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $301,592.10 | 300,000 | BTPH0K8 |
| 0.19% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $301,145.70 | 300,000 | BVSYM93 |
| 0.19% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $298,486.33 | 283,000 | BR2NN28 |
| 0.18% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $294,177.47 | 296,000 | BNTBJ41 |
| 0.18% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $286,309.96 | 293,000 | BSKP420 |
| 0.18% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $285,109.38 | 276,000 | BRT7527 |
| 0.18% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $280,897.83 | 282,000 | BVRTP89 |
| 0.17% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $264,416.75 | 261,000 | BP812N6 |
| 0.17% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $263,770.67 | 401,000 | BP9LWV3 |
| 0.16% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $253,424.85 | 239,000 | BMCMQL0 |
| 0.15% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $237,558.37 | 237,000 | BMD14K1 |
| 0.15% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $236,179.70 | 235,000 | BN765Z1 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $223,337.54 | 233,000 | BMD9BZ9 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $208,096.56 | 202,000 | BSD6D23 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $192,606.40 | 183,000 | BPK4TG5 |
| 0.12% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $190,617.52 | 188,000 | BQ3QRD8 |
| 0.10% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $162,181.08 | 177,000 | BM9SD09 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $141,047.06 | 135,000 | BNKBFF3 |
| 0.08% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $129,667.84 | 472,000 | BPGM651 |
| 0.07% | -- | FRONTIER COMMUNICATIONS | 6.00% | 01/15/2030 | -- | $110,562.41 | 109,000 | BMTVRK6 |
| 0.07% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $110,047.82 | 109,000 | BPP2DX9 |
| 0.07% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $108,930.92 | 110,000 | BNM5Z19 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $80,814.77 | 79,000 | BS88ZW8 |
| 0.04% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $69,590.65 | 66,000 | BSNZ6B0 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,589.10 | 13,000 | BPH25H5 |
| -12.43% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2026 TYH6 COMDTY | -- | -- | -19,779,750 | -- | -177 | -- |
| -34.41% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2026 TUH6 COMDTY | -- | -- | -54,767,695 | -- | -263 | -- |
| -44.95% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2026 FVH6 COMDTY | -- | -- | -71,542,078 | -- | -658 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $10,038,320.02 | 10,038,320 | -- |
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