HYHG invests in a portfolio of high-yield corporate bonds, while seeking to hedge against the potential negative impact of rising interest rates.
HYHG
High Yield - Interest Rate Hedged
Why HYHG?
High Yield Bond Returns
HYHG targets the returns of a diversified portfolio of high yield corporate bonds.
Hedge Against Rising Rates
HYHG provides corporate bond exposure with a built-in hedge against rising rates, utilizing short positions in U.S. Treasury futures.
Lower Rate Sensitivity
By targeting a duration of zero, HYHG seeks to have almost no sensitivity to rising rates, unlike other short-term bond funds.
View fund details
Documents & Downloads
ETF & Index
Prospectus & Regulatory
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Month-End Total Returns as of 3/31/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.25% | 0.28% | 1.58% | 0.28% | 6.90% | 9.48% | 6.56% | 6.26% | 4.06% | 05/21/2013 |
| HYHG Market Price | -0.12% | 0.01% | 1.16% | 0.01% | 6.59% | 9.28% | 6.41% | 6.23% | 4.05% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.17% | 0.46% | 1.65% | 0.46% | 7.36% | 9.94% | 6.95% | 6.89% | 4.75% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.25% | 0.28% | 1.58% | 0.28% | 6.90% | 9.48% | 6.56% | 6.26% | 4.06% | 05/21/2013 |
| HYHG Market Price | -0.12% | 0.01% | 1.16% | 0.01% | 6.59% | 9.28% | 6.41% | 6.23% | 4.05% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.17% | 0.46% | 1.65% | 0.46% | 7.36% | 9.94% | 6.95% | 6.89% | 4.75% | -- |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
About the Fund
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Net Assets $165,682,740
- Expense Ratio 0.50%
- NAV Calculation Time
Characteristics
as of 3/31/2026- Number of Companies 243
- Net Effective Duration -0.07522
Price
as of 4/10/2026- NAV
- NAV Change
- Market Price $64.11
- Market Price Change $-0.11
- Trading Volume (M) 3,424
- 30-Day Median Bid Ask Spread 0.83%
- View Premium / Discount
Distributions
as of 3/31/2026- Distribution Frequency Monthly
- 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
- Net Assets $165,682,740
- Expense Ratio 0.50%
- NAV Calculation Time
Characteristics
as of 3/31/2026- Number of Companies 243
- Net Effective Duration -0.07522
Price
as of 4/10/2026- NAV
- NAV Change
- Market Price $64.11
- Market Price Change $-0.11
- Trading Volume (M) 3,424
- 30-Day Median Bid Ask Spread 0.83%
- View Premium / Discount
Distributions
as of 3/31/2026- Distribution Frequency Monthly
- 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 4/10/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.53% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,536,189.92 | 2,471,000 | BS9G792 |
| 1.47% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,444,917.54 | 2,385,000 | BPH26F0 |
| 1.45% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $2,404,818.29 | 2,308,000 | BNBV5N0 |
| 1.30% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,149,770.38 | 1,995,000 | BR54DP1 |
| 1.21% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,005,964.18 | 2,071,000 | BN2QTP4 |
| 1.12% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,863,450.67 | 1,806,000 | BV4K8M0 |
| 1.11% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,847,837.96 | 1,743,000 | BW5ZMJ6 |
| 0.97% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,611,696.22 | 1,592,000 | BT7MYF4 |
| 0.94% | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,562,444.52 | 2,157,000 | BTPF2W8 |
| 0.90% | -- | SV RNO PROPERTY OWNER 1 | 5.88% | 03/01/2031 | -- | $1,490,318.71 | 1,495,000 | BVPVMW0 |
| 0.83% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,374,863.24 | 1,338,000 | BQ67HZ0 |
| 0.81% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,343,621.68 | 1,242,000 | BP2F579 |
| 0.78% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,298,027.50 | 1,250,000 | BRXZ215 |
| 0.78% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,296,386.82 | 1,283,000 | BS2FMQ8 |
| 0.78% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,292,552.50 | 1,264,000 | BNM6H94 |
| 0.77% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,282,345.63 | 1,254,000 | BVDKGM7 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,203,498.90 | 1,223,000 | BMVXSB8 |
| 0.72% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,201,599.04 | 1,154,000 | BRK4301 |
| 0.72% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,189,429.92 | 1,176,000 | BSTKQX1 |
| 0.71% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,172,126.43 | 1,179,000 | BSHT8Y5 |
| 0.69% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,138,249.90 | 1,074,000 | BRSF6F2 |
| 0.68% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,132,070.54 | 1,096,000 | BV5GRT7 |
| 0.68% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $1,125,548.03 | 1,047,000 | BVMR221 |
| 0.68% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,123,853.88 | 1,170,000 | BRJQLF9 |
| 0.68% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,120,969.78 | 1,100,000 | BW2K4P4 |
| 0.67% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,104,998.62 | 1,091,000 | BQKN5B6 |
| 0.66% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,096,298.05 | 1,073,000 | BV6KVR4 |
| 0.66% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,096,285.03 | 1,268,000 | BMVZMH8 |
| 0.65% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $1,084,994.79 | 1,085,000 | BTFHSL5 |
| 0.65% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,076,370.65 | 1,068,000 | BVF9138 |
| 0.63% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,051,731.33 | 1,098,000 | BS89C64 |
| 0.63% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,045,388.78 | 966,000 | BQ80PR5 |
| 0.62% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,032,404.00 | 1,000,000 | BT7HWD3 |
| 0.62% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,031,433.84 | 1,019,000 | BV99DS3 |
| 0.62% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,027,131.72 | 1,038,000 | BM8K6S5 |
| 0.62% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,022,168.90 | 996,000 | BPLP3M1 |
| 0.61% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,018,553.84 | 1,037,000 | BV4FWX4 |
| 0.61% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $1,015,464.45 | 975,000 | BP9MC16 |
| 0.60% | -- | ALBERTSONS COS/SAFEWAY | 5.75% | 03/31/2034 | -- | $988,596.30 | 1,000,000 | BVBCQJ2 |
| 0.60% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $987,063.84 | 945,000 | BQ2KRF3 |
| 0.59% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $975,327.18 | 977,000 | BMWDGR9 |
| 0.58% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $963,475.27 | 1,006,000 | BS2FZM5 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $962,329.92 | 937,000 | BQMJ1N6 |
| 0.58% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $954,419.30 | 929,000 | BT7HYL5 |
| 0.57% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $945,875.35 | 931,000 | BNRNCC8 |
| 0.57% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $937,830.18 | 901,000 | BLC8Z03 |
| 0.56% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $935,071.25 | 968,000 | BM9YJB0 |
| 0.55% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $919,944.43 | 901,000 | BNZG7Q8 |
| 0.55% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $918,993.08 | 889,000 | BQB9NW0 |
| 0.54% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $890,556.78 | 941,000 | BN7SNC0 |
| 0.53% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $880,379.50 | 875,000 | BVBFJY7 |
| 0.53% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $877,865.32 | 896,000 | BNTZ4D7 |
| 0.53% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $875,920.75 | 1,001,000 | BM94BT2 |
| 0.53% | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $871,448.85 | 951,000 | BRJHSK6 |
| 0.52% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $859,640.02 | 835,000 | BS6V604 |
| 0.52% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $858,028.64 | 880,000 | BMBJVY0 |
| 0.52% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $855,326.87 | 886,000 | BNW2059 |
| 0.51% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $837,186.46 | 846,000 | BMV1LQ8 |
| 0.50% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $820,902.60 | 798,000 | BS6S7M4 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $812,634.14 | 799,000 | BNDQTF3 |
| 0.49% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $805,697.02 | 782,000 | BM8K1F7 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $805,074.36 | 826,000 | BJNPGH3 |
| 0.48% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $801,423.54 | 827,000 | BRXCZB7 |
| 0.48% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $801,272.33 | 1,078,000 | BRBCV11 |
| 0.48% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $799,679.82 | 837,353 | BT68Y19 |
| 0.48% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $794,529.70 | 793,000 | BPVDS42 |
| 0.47% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $780,470.74 | 800,000 | BVK50T0 |
| 0.47% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $779,179.50 | 750,000 | BVK6BT0 |
| 0.47% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $771,195.81 | 735,000 | BRT75V6 |
| 0.46% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $768,042.66 | 726,000 | BRQPKY1 |
| 0.46% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $759,240.38 | 738,000 | BTFHQJ9 |
| 0.46% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $758,336.61 | 742,000 | BTTRMX1 |
| 0.45% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $752,307.73 | 748,000 | BQ1PCD2 |
| 0.45% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $752,231.25 | 750,000 | BS84Y29 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $745,622.16 | 737,000 | BPW9BQ2 |
| 0.44% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $730,876.29 | 690,000 | BVK4MV3 |
| 0.44% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $728,014.54 | 805,000 | BMBVFS8 |
| 0.43% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $706,002.18 | 767,000 | BMV1L02 |
| 0.43% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $705,441.33 | 705,000 | BPP2DX9 |
| 0.42% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $704,087.10 | 651,000 | BR1H4Z1 |
| 0.42% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $700,378.25 | 685,000 | BSNQ215 |
| 0.42% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $697,125.31 | 695,000 | BTPH0K8 |
| 0.41% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $686,606.48 | 697,000 | BMZBL86 |
| 0.41% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $682,767.93 | 682,000 | BMF9C65 |
| 0.41% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $681,999.92 | 642,000 | BTWWV25 |
| 0.41% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $674,803.03 | 649,000 | BTCK903 |
| 0.41% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $674,608.62 | 674,000 | BR886L7 |
| 0.40% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $668,338.90 | 675,000 | BVMS268 |
| 0.40% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $656,559.54 | 630,000 | BV3PLR2 |
| 0.39% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $642,431.16 | 665,000 | BPVBYZ9 |
| 0.38% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $638,144.52 | 799,000 | BNNPV76 |
| 0.38% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $634,469.66 | 628,000 | BVMDN60 |
| 0.38% | -- | FIRST QUANTUM MINERALS L | 6.38% | 02/15/2036 | -- | $633,685.06 | 640,000 | BT3F8Q6 |
| 0.38% | -- | UNITED AIRLINES HOLDINGS | 4.88% | 03/01/2029 | -- | $630,957.12 | 638,000 | BWBZMK1 |
| 0.38% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $630,908.77 | 601,000 | BPG27W5 |
| 0.38% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $630,866.46 | 617,000 | BLB3TG3 |
| 0.38% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $630,629.88 | 613,000 | BP946X2 |
| 0.38% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $624,599.26 | 629,000 | BMVXP62 |
| 0.38% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $623,035.12 | 607,000 | BQXJKM7 |
| 0.36% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $602,620.66 | 602,000 | BQTWXH6 |
| 0.36% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $596,633.20 | 594,000 | BNHS096 |
| 0.36% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $592,228.07 | 571,000 | BV8DHB7 |
| 0.36% | -- | BLACK PEARL COMPUTE LLC | 6.13% | 02/15/2031 | -- | $590,510.23 | 578,000 | BMXG8Y8 |
| 0.35% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $588,335.13 | 581,000 | BPX27Q2 |
| 0.35% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $582,325.14 | 566,000 | BVF9246 |
| 0.34% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $567,090.01 | 548,000 | BTCCGD1 |
| 0.34% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $565,975.96 | 543,000 | BRBCTZ1 |
| 0.34% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $561,555.55 | 779,000 | BV2JDH9 |
| 0.34% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $560,804.75 | 550,000 | BMVXP51 |
| 0.34% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $559,422.18 | 556,000 | BQB7JV5 |
| 0.34% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $558,445.94 | 560,000 | BTGTPC0 |
| 0.34% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $558,411.07 | 526,000 | BMZMHS1 |
| 0.33% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $552,880.94 | 630,000 | BP7LR98 |
| 0.33% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $552,159.17 | 528,000 | BLDCTF7 |
| 0.33% | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $546,647.37 | 550,000 | BSSBTZ8 |
| 0.33% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $543,224.85 | 576,000 | BS84LN9 |
| 0.33% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $542,256.75 | 525,000 | BTJS1V5 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $540,128.31 | 505,000 | BRCDDH3 |
| 0.32% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $536,726.29 | 559,000 | BMT7QC9 |
| 0.32% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $533,734.30 | 563,000 | BS3BCF4 |
| 0.32% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $528,034.58 | 575,000 | BM9SD09 |
| 0.32% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $526,257.18 | 536,000 | BVBG0S1 |
| 0.32% | -- | TKC HOLDINGS INC | 8.50% | 08/15/2030 | -- | $524,177.24 | 513,000 | BT3FDQ1 |
| 0.31% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $517,748.89 | 530,000 | BTXQV60 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $516,410.50 | 500,000 | BMGDND0 |
| 0.31% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $515,323.09 | 542,000 | BLDBLN6 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $513,121.83 | 517,000 | BLC9L19 |
| 0.31% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $512,025.50 | 500,000 | BS9C5X0 |
| 0.31% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $508,076.14 | 497,000 | BRZWYJ6 |
| 0.31% | -- | AMC NETWORKS INC CALLABLE NOTES FIXED 10.5% 15/JUL/2032 USD 1000 | -- | -- | -- | $506,977.00 | 500,000 | -- |
| 0.31% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $506,833.73 | 485,000 | BVK4BV6 |
| 0.31% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $506,035.78 | 511,000 | BLDCF37 |
| 0.30% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $505,131.15 | 719,000 | BMWT6D3 |
| 0.30% | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $503,860.00 | 488,000 | BR55K64 |
| 0.30% | -- | APLD COMPUTECO 2 LLC CALLABLE NOTES FIXED 6.75% 15/MAR/2031 USD 1000 | -- | -- | -- | $503,623.77 | 500,000 | -- |
| 0.30% | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $502,955.00 | 500,000 | BL9XM77 |
| 0.30% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $501,746.52 | 492,000 | BVZMLG0 |
| 0.30% | -- | NEXSTAR MEDIA INC CALLABLE NOTES FIXED 7.25% 15/APR/2034 USD 1000 | -- | -- | -- | $501,213.27 | 500,000 | -- |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $500,971.19 | 495,000 | BN6MM59 |
| 0.30% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $499,922.10 | 500,000 | BVBFJZ8 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $498,327.68 | 489,000 | BT3CPW2 |
| 0.30% | -- | MICHAELS COS INC/THE CALLABLE NOTES FIXED 8.5% 15/MAR/2033 USD 1000 | -- | -- | -- | $492,440.85 | 500,000 | -- |
| 0.30% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $490,195.50 | 500,000 | BQ689G8 |
| 0.29% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $488,636.33 | 496,000 | BT9NKJ1 |
| 0.29% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $485,928.50 | 522,000 | BVSYM93 |
| 0.29% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $482,229.03 | 486,000 | BQT2NG5 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $481,375.80 | 450,000 | BR1YSV6 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $481,012.56 | 464,000 | BQKRVC1 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $479,291.91 | 483,000 | BM8H4Y8 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $476,097.48 | 495,000 | BMH29D8 |
| 0.29% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $474,200.80 | 466,000 | BTTRLD4 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $473,117.22 | 467,000 | BMCGQ56 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $472,317.26 | 467,000 | BT7JWZ1 |
| 0.28% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $471,936.40 | 611,000 | BM93J39 |
| 0.28% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $468,329.88 | 446,000 | BMGC188 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $467,143.03 | 492,000 | BPLFC68 |
| 0.28% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $465,083.37 | 437,000 | BS88506 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $464,221.80 | 450,000 | BR53N25 |
| 0.28% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $463,858.70 | 470,000 | BR113M3 |
| 0.28% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $461,034.29 | 459,000 | BVYL9V9 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $459,605.83 | 449,000 | BQ9D885 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $456,404.13 | 441,000 | BPLL6H5 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $455,751.53 | 442,000 | BSKP420 |
| 0.27% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $454,999.10 | 448,000 | BV0YZ47 |
| 0.27% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $454,303.72 | 436,000 | BRC2671 |
| 0.27% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $452,270.23 | 433,000 | BP092P0 |
| 0.27% | -- | FIRST QUANTUM MINERALS L | 8.63% | 06/01/2031 | -- | $448,774.87 | 431,000 | BP488V1 |
| 0.27% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $445,478.28 | 435,000 | BP092B6 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $440,632.94 | 436,000 | BN95KZ1 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $440,243.43 | 443,000 | BMHBB51 |
| 0.26% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $439,020.24 | 419,000 | BNRPLW7 |
| 0.26% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $438,925.82 | 432,000 | BP4YGK4 |
| 0.26% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $432,210.34 | 433,000 | BM9PWX6 |
| 0.26% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $431,477.11 | 413,000 | BV1C948 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $427,804.04 | 427,000 | BL54J73 |
| 0.26% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $426,042.12 | 420,000 | BSVLRC8 |
| 0.26% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $424,736.76 | 412,000 | BNRPV83 |
| 0.26% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $423,282.45 | 425,000 | BRS7WN8 |
| 0.26% | -- | PERFORMANCE FOOD GROUP I | 5.63% | 03/01/2034 | -- | $422,819.01 | 429,000 | BW1N539 |
| 0.25% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $420,681.10 | 452,000 | BP4Z8H8 |
| 0.25% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $419,696.37 | 407,000 | BM8SW92 |
| 0.25% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $418,935.25 | 442,000 | BMY8TS4 |
| 0.25% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $417,677.34 | 409,000 | BVDKGL6 |
| 0.25% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $416,955.00 | 418,000 | BMW2F91 |
| 0.25% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $416,710.80 | 408,000 | BQB88K0 |
| 0.25% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $414,092.00 | 400,000 | BVBCQP8 |
| 0.25% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $413,338.22 | 391,000 | BVMSGF5 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $411,066.21 | 393,000 | BMW2FL3 |
| 0.25% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $406,946.51 | 391,000 | BMCGQM3 |
| 0.24% | -- | HOWDEN UK REFINANCE / US | 8.13% | 02/15/2032 | -- | $404,488.29 | 417,000 | BMCM256 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $403,653.17 | 422,000 | BP83D39 |
| 0.24% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $403,375.59 | 393,000 | BRK14M1 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $401,896.40 | 404,000 | BRT7X56 |
| 0.24% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $399,552.43 | 378,000 | BPBRSM2 |
| 0.24% | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $398,822.28 | 391,000 | BN49RB3 |
| 0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $394,707.60 | 417,000 | BN6KWY2 |
| 0.24% | -- | COOPER-STANDARD AUTOMOTIVE INC CALLABLE NOTES FIXED 9.25% 01/MAR/2031 USD 1000 | -- | -- | -- | $394,560.00 | 411,000 | -- |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $392,173.81 | 382,000 | BRBDSH9 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $387,004.20 | 382,000 | BRBVMG0 |
| 0.23% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $380,627.82 | 371,000 | BMC94W8 |
| 0.23% | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $373,026.87 | 367,000 | BQT2NL0 |
| 0.22% | -- | OLYMPUS WTR US HLDG CORP | 6.75% | 08/01/2032 | -- | $369,688.41 | 382,000 | BVRTP89 |
| 0.22% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $366,380.61 | 367,000 | BSZ7DB3 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $366,107.98 | 349,000 | BMCMQL0 |
| 0.22% | -- | ESAB CORP CALLABLE NOTES FIXED 5.625% 01/APR/2031 USD 1000 | -- | -- | -- | $360,014.97 | 356,000 | -- |
| 0.22% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $359,941.97 | 367,000 | BNM5Z19 |
| 0.21% | -- | PG&E CORP | 6.85% | 09/15/2056 | -- | $354,764.64 | 354,000 | BTJYMV0 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $351,073.78 | 347,000 | BMXHQ92 |
| 0.21% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $347,469.41 | 338,000 | BR4XVS8 |
| 0.21% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $347,122.20 | 333,000 | BR2NN28 |
| 0.21% | -- | ASURION LLC/ASURION CO | 8.38% | 02/01/2034 | -- | $340,384.66 | 343,000 | BTZRRR4 |
| 0.20% | -- | KODIAK GAS SERVICES LLC CALLABLE NOTES FIXED 5.875% 01/APR/2031 USD 1000 | -- | -- | -- | $337,777.15 | 335,000 | -- |
| 0.20% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $336,840.44 | 324,000 | BPK4CP5 |
| 0.20% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $328,937.86 | 312,000 | BMJ0LG7 |
| 0.20% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $326,482.50 | 431,000 | BRPT5J4 |
| 0.19% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $317,591.49 | 331,000 | BSJQ190 |
| 0.19% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $313,069.80 | 313,000 | BQ68CL4 |
| 0.19% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $312,024.71 | 325,000 | BSNMMD5 |
| 0.19% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $306,859.34 | 309,000 | BQT3JM6 |
| 0.18% | -- | AECOM | 6.00% | 08/01/2033 | -- | $300,347.47 | 297,000 | BV2CGD5 |
| 0.17% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $287,158.14 | 287,000 | BMD14K1 |
| 0.17% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $275,218.65 | 266,000 | BSNZ6B0 |
| 0.16% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $268,890.28 | 589,000 | BP9LWV3 |
| 0.16% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $258,460.35 | 255,000 | BQ2KRD1 |
| 0.15% | -- | FAIR ISAAC CORP CALLABLE NOTES FIXED 6.25% 15/SEP/2034 USD 1000 | -- | -- | -- | $242,003.65 | 248,000 | -- |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $234,937.37 | 235,000 | BN765Z1 |
| 0.14% | -- | SM ENERGY CO CALLABLE NOTES FIXED 6.625% 15/APR/2034 USD 1000 | -- | -- | -- | $227,868.12 | 226,000 | -- |
| 0.13% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $216,774.28 | 233,000 | BMD9BZ9 |
| 0.13% | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $209,590.60 | 200,000 | BSML716 |
| 0.12% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $206,777.91 | 202,000 | BSD6D23 |
| 0.12% | -- | UNITED AIRLINES HOLDINGS | 5.38% | 03/01/2031 | -- | $199,913.75 | 201,000 | BW46M90 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $191,690.67 | 183,000 | BPK4TG5 |
| 0.11% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $180,603.14 | 188,000 | BQ3QRD8 |
| 0.09% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $145,877.96 | 710,000 | BPGM651 |
| 0.08% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $140,152.82 | 135,000 | BNKBFF3 |
| 0.08% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $134,099.86 | 224,000 | BMY0HH5 |
| 0.07% | -- | SUNOCO LP CALLABLE NOTES FIXED 5.625% 15/MAR/2031 USD 1000 | -- | -- | -- | $109,774.99 | 109,000 | -- |
| 0.07% | -- | ALBERTSONS COS INC | 5.63% | 03/31/2032 | -- | $109,558.91 | 110,000 | BRBNWB1 |
| 0.06% | -- | ADT SEC CORP | 4.13% | 08/01/2029 | -- | $103,677.00 | 108,000 | BNZKRX7 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $80,293.80 | 80,000 | BS88ZW8 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,374.37 | 13,000 | BPH25H5 |
| -12.80% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2026 TYM6 COMDTY | -- | -- | -21,218,906 | -- | -191 | -- |
| -35.04% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2026 TUM6 COMDTY | -- | -- | -58,082,500 | -- | -280 | -- |
| -50.51% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2026 FVM6 COMDTY | -- | -- | -83,731,079 | -- | -774 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,123,034.11 | 7,123,034 | -- |
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