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 2/28/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | -0.67% | 0.98% | 2.24% | 0.03% | 5.02% | 9.08% | 6.74% | 6.63% | 4.07% | 05/21/2013 |
| HYHG Market Price | -0.95% | 1.21% | 2.31% | 0.13% | 2.78% | 9.18% | 6.77% | 6.67% | 4.08% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | -0.59% | 1.08% | 2.50% | 0.29% | 5.55% | 9.49% | 7.13% | 7.32% | 4.77% | -- |
| 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
- Net Assets $163,673,092
- Expense Ratio 0.50%
- NAV Calculation Time
Characteristics
as of 2/28/2026- Number of Companies 235
- Net Effective Duration -0.19523
Price
as of 3/27/2026- NAV
- NAV Change
- Market Price $63.26
- Market Price Change $-0.34
- Trading Volume (M) 7,769
- 30-Day Median Bid Ask Spread 0.64%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Monthly
- SEC 30-Day Yield 6.43%
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 6.98%
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 $163,673,092
- Expense Ratio 0.50%
- NAV Calculation Time
Characteristics
as of 2/28/2026- Number of Companies 235
- Net Effective Duration -0.19523
Price
as of 3/27/2026- NAV
- NAV Change
- Market Price $63.26
- Market Price Change $-0.34
- Trading Volume (M) 7,769
- 30-Day Median Bid Ask Spread 0.64%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Monthly
- SEC 30-Day Yield 6.43%
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 6.98%
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 3/27/2026
| 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 | -- | $2,507,625.16 | 2,471,000 | BS9G792 |
| 1.46% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,397,187.35 | 2,385,000 | BPH26F0 |
| 1.46% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $2,385,648.78 | 2,308,000 | BNBV5N0 |
| 1.31% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,149,702.12 | 1,995,000 | BR54DP1 |
| 1.21% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,984,026.91 | 2,071,000 | BN2QTP4 |
| 1.11% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,820,213.22 | 1,806,000 | BV4K8M0 |
| 1.11% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,816,308.58 | 1,743,000 | BW5ZMJ6 |
| 0.96% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,568,400.67 | 1,592,000 | BT7MYF4 |
| 0.82% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,348,777.59 | 1,338,000 | BQ67HZ0 |
| 0.81% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,325,427.62 | 1,242,000 | BP2F579 |
| 0.78% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,274,628.98 | 1,264,000 | BNM6H94 |
| 0.78% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,273,708.39 | 1,283,000 | BS2FMQ8 |
| 0.77% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,256,048.75 | 1,250,000 | BRXZ215 |
| 0.77% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,254,000.60 | 1,254,000 | BVDKGM7 |
| 0.74% | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,208,942.82 | 1,861,000 | BTPF2W8 |
| 0.73% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,194,063.42 | 1,154,000 | BRK4301 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,189,270.52 | 1,223,000 | BMVXSB8 |
| 0.71% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,160,606.16 | 1,176,000 | BSTKQX1 |
| 0.71% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,158,450.15 | 1,179,000 | BSHT8Y5 |
| 0.69% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,122,986.18 | 1,140,000 | BM8H783 |
| 0.68% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,112,658.10 | 1,096,000 | BV5GRT7 |
| 0.68% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,112,572.71 | 1,074,000 | BRSF6F2 |
| 0.68% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,109,092.37 | 1,170,000 | BRJQLF9 |
| 0.67% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,090,493.80 | 1,100,000 | BW2K4P4 |
| 0.66% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,085,678.10 | 1,091,000 | BQKN5B6 |
| 0.66% | -- | SV RNO PROPERTY OWNER 1 | 5.88% | 03/01/2031 | -- | $1,074,013.11 | 1,100,000 | BVPVMW0 |
| 0.65% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $1,070,071.69 | 1,047,000 | BVMR221 |
| 0.65% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,069,276.25 | 1,268,000 | BMVZMH8 |
| 0.65% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,062,653.06 | 1,073,000 | BV6KVR4 |
| 0.64% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,040,635.09 | 966,000 | BQ80PR5 |
| 0.62% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,023,082.18 | 1,068,000 | BVF9138 |
| 0.61% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,006,517.26 | 996,000 | BPLP3M1 |
| 0.61% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,005,847.00 | 1,000,000 | BT7HWD3 |
| 0.61% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,003,752.70 | 1,019,000 | BV99DS3 |
| 0.61% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,000,525.71 | 1,038,000 | BM8K6S5 |
| 0.61% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $1,000,424.09 | 975,000 | BP9MC16 |
| 0.61% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $997,309.76 | 1,037,000 | BV4FWX4 |
| 0.59% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $965,559.42 | 945,000 | BQ2KRF3 |
| 0.59% | -- | ALBERTSONS COS/SAFEWAY | 5.75% | 03/31/2034 | -- | $963,943.30 | 1,000,000 | BVBCQJ2 |
| 0.59% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $962,466.42 | 1,006,000 | BS2FZM5 |
| 0.59% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $959,789.24 | 977,000 | BMWDGR9 |
| 0.57% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $939,608.61 | 937,000 | BQMJ1N6 |
| 0.57% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $935,660.00 | 929,000 | BT7HYL5 |
| 0.57% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $933,698.19 | 901,000 | BLC8Z03 |
| 0.56% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $914,817.54 | 889,000 | BQB9NW0 |
| 0.55% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $906,753.01 | 988,000 | BS89C64 |
| 0.55% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $898,467.74 | 901,000 | BNZG7Q8 |
| 0.55% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $894,170.93 | 968,000 | BM9YJB0 |
| 0.53% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $871,979.06 | 941,000 | BN7SNC0 |
| 0.52% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $855,482.50 | 875,000 | BVBFJY7 |
| 0.52% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $848,485.84 | 1,001,000 | BM94BT2 |
| 0.52% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $846,558.07 | 835,000 | BS6V604 |
| 0.52% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $843,766.26 | 880,000 | BMBJVY0 |
| 0.51% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $838,791.35 | 886,000 | BNW2059 |
| 0.51% | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $827,370.00 | 951,000 | BRJHSK6 |
| 0.50% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $816,253.79 | 846,000 | BMV1LQ8 |
| 0.49% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $804,294.62 | 798,000 | BS6S7M4 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $794,580.73 | 799,000 | BNDQTF3 |
| 0.48% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $793,731.65 | 826,000 | BJNPGH3 |
| 0.48% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $790,962.47 | 793,000 | BPVDS42 |
| 0.48% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $790,704.44 | 782,000 | BM8K1F7 |
| 0.48% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $786,755.66 | 1,078,000 | BRBCV11 |
| 0.48% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $781,173.23 | 837,353 | BT68Y19 |
| 0.47% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $777,013.52 | 800,000 | BVK50T0 |
| 0.47% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $774,058.22 | 827,000 | BRXCZB7 |
| 0.47% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $766,521.16 | 750,000 | BVK6BT0 |
| 0.47% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $764,424.99 | 735,000 | BRT75V6 |
| 0.46% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $761,478.17 | 726,000 | BRQPKY1 |
| 0.46% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $757,720.16 | 772,000 | BNTZ4D7 |
| 0.46% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $745,228.71 | 738,000 | BTFHQJ9 |
| 0.45% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $743,712.54 | 742,000 | BTTRMX1 |
| 0.45% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $739,164.77 | 748,000 | BQ1PCD2 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $738,032.54 | 737,000 | BPW9BQ2 |
| 0.45% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $734,414.40 | 750,000 | BS84Y29 |
| 0.44% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $719,444.95 | 724,000 | BNRNCC8 |
| 0.43% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $712,108.29 | 690,000 | BVK4MV3 |
| 0.43% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $709,240.42 | 805,000 | BMBVFS8 |
| 0.43% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $701,566.18 | 675,000 | BNQQSS6 |
| 0.42% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $684,870.12 | 685,000 | BSNQ215 |
| 0.41% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $679,393.07 | 695,000 | BTPH0K8 |
| 0.41% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $678,262.79 | 697,000 | BMZBL86 |
| 0.41% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $666,847.50 | 649,000 | BTCK903 |
| 0.41% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $664,385.10 | 682,000 | BMF9C65 |
| 0.40% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $662,083.49 | 642,000 | BTWWV25 |
| 0.40% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $660,704.39 | 674,000 | BR886L7 |
| 0.40% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $654,452.99 | 799,000 | BNNPV76 |
| 0.39% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $642,991.86 | 630,000 | BV3PLR2 |
| 0.39% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $637,386.71 | 675,000 | BVMS268 |
| 0.38% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $626,696.77 | 617,000 | BLB3TG3 |
| 0.38% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $625,338.20 | 665,000 | BPVBYZ9 |
| 0.38% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $624,067.65 | 628,000 | BVMDN60 |
| 0.38% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $621,799.84 | 767,000 | BMV1L02 |
| 0.38% | -- | UNITED AIRLINES HOLDINGS | 4.88% | 03/01/2029 | -- | $619,971.59 | 638,000 | BWBZMK1 |
| 0.38% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $618,363.75 | 613,000 | BP946X2 |
| 0.38% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $615,927.64 | 601,000 | BPG27W5 |
| 0.37% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $611,199.23 | 607,000 | BQXJKM7 |
| 0.37% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $610,247.18 | 629,000 | BMVXP62 |
| 0.37% | -- | FIRST QUANTUM MINERALS L | 6.38% | 02/15/2036 | -- | $606,827.33 | 640,000 | BT3F8Q6 |
| 0.36% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $595,565.19 | 594,000 | BNHS096 |
| 0.36% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $590,053.01 | 602,000 | BQTWXH6 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $584,766.40 | 581,000 | BPX27Q2 |
| 0.36% | -- | BLACK PEARL COMPUTE LLC | 6.13% | 02/15/2031 | -- | $582,410.79 | 578,000 | BMXG8Y8 |
| 0.35% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $568,297.96 | 566,000 | BVF9246 |
| 0.35% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $565,449.61 | 546,000 | BT3NFD6 |
| 0.35% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $565,436.02 | 585,000 | BTFHSL5 |
| 0.34% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $560,287.80 | 548,000 | BTCCGD1 |
| 0.34% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $553,858.80 | 550,000 | BMVXP51 |
| 0.34% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $553,588.79 | 556,000 | BQB7JV5 |
| 0.34% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $552,461.78 | 543,000 | BRBCTZ1 |
| 0.33% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $548,168.27 | 526,000 | BMZMHS1 |
| 0.33% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $542,857.17 | 560,000 | BTGTPC0 |
| 0.33% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $539,115.82 | 630,000 | BP7LR98 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $538,903.68 | 505,000 | BRCDDH3 |
| 0.33% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $536,363.52 | 528,000 | BLDCTF7 |
| 0.33% | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $534,119.03 | 550,000 | BSSBTZ8 |
| 0.33% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $533,919.75 | 525,000 | BTJS1V5 |
| 0.32% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $525,733.91 | 559,000 | BMT7QC9 |
| 0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $519,854.21 | 529,000 | BMW2W01 |
| 0.32% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $516,075.96 | 575,000 | BM9SD09 |
| 0.31% | -- | TKC HOLDINGS INC | 8.50% | 08/15/2030 | -- | $512,128.62 | 513,000 | BT3FDQ1 |
| 0.31% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $511,604.34 | 536,000 | BVBG0S1 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $508,569.00 | 500,000 | BMGDND0 |
| 0.31% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $506,249.06 | 473,000 | BR1H4Z1 |
| 0.31% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $506,104.07 | 576,000 | BS84LN9 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $504,771.04 | 563,000 | BS3BCF4 |
| 0.31% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $502,701.00 | 500,000 | BS9C5X0 |
| 0.31% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $502,269.69 | 497,000 | BRZWYJ6 |
| 0.31% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $501,556.60 | 530,000 | BTXQV60 |
| 0.31% | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $500,639.20 | 488,000 | BR55K64 |
| 0.30% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $499,107.37 | 719,000 | BMWT6D3 |
| 0.30% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $498,815.23 | 485,000 | BVK4BV6 |
| 0.30% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $498,066.53 | 517,000 | BLC9L19 |
| 0.30% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $494,603.37 | 542,000 | BLDBLN6 |
| 0.30% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $494,371.14 | 511,000 | BLDCF37 |
| 0.30% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $490,490.48 | 492,000 | BVZMLG0 |
| 0.30% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $487,715.80 | 500,000 | BVBFJZ8 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $485,485.21 | 489,000 | BT3CPW2 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $483,576.59 | 495,000 | BN6MM59 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $480,402.90 | 450,000 | BR1YSV6 |
| 0.29% | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $479,913.10 | 500,000 | BL9XM77 |
| 0.29% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $475,489.85 | 496,000 | BT9NKJ1 |
| 0.29% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $475,442.09 | 486,000 | BQT2NG5 |
| 0.29% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $473,761.15 | 500,000 | BQ689G8 |
| 0.29% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $473,551.35 | 467,000 | BV8DHB7 |
| 0.29% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $472,359.00 | 522,000 | BVSYM93 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $471,192.93 | 464,000 | BQKRVC1 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $469,962.11 | 495,000 | BMH29D8 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $468,030.77 | 483,000 | BM8H4Y8 |
| 0.28% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $466,060.68 | 467,000 | BMCGQ56 |
| 0.28% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $464,421.31 | 437,000 | BS88506 |
| 0.28% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $463,588.26 | 466,000 | BTTRLD4 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $463,500.45 | 450,000 | BP5JP78 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $463,221.00 | 450,000 | BR53N25 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $462,652.88 | 467,000 | BT7JWZ1 |
| 0.28% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $455,833.41 | 446,000 | BMGC188 |
| 0.28% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $453,403.58 | 470,000 | BR113M3 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $453,235.50 | 492,000 | BPLFC68 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $452,919.77 | 449,000 | BQ9D885 |
| 0.28% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $452,756.07 | 459,000 | BVYL9V9 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $451,935.04 | 441,000 | BPLL6H5 |
| 0.27% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $450,205.29 | 433,000 | BP092P0 |
| 0.27% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $449,561.50 | 461,000 | BP812N6 |
| 0.27% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $449,398.72 | 436,000 | BRC2671 |
| 0.27% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $447,030.14 | 490,000 | BNKLFF3 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $446,382.43 | 442,000 | BSKP420 |
| 0.27% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $444,597.88 | 611,000 | BM93J39 |
| 0.27% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $444,000.52 | 448,000 | BV0YZ47 |
| 0.27% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $436,656.92 | 435,000 | BP092B6 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $436,445.99 | 436,000 | BN95KZ1 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $434,926.33 | 443,000 | BMHBB51 |
| 0.26% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $432,609.12 | 419,000 | BNRPLW7 |
| 0.26% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $430,284.47 | 550,000 | BV2JDH9 |
| 0.26% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $428,041.41 | 432,000 | BP4YGK4 |
| 0.26% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $422,576.26 | 433,000 | BM9PWX6 |
| 0.26% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $422,175.62 | 413,000 | BV1C948 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $421,717.50 | 427,000 | BL54J73 |
| 0.26% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $419,234.17 | 420,000 | BSVLRC8 |
| 0.25% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $416,440.86 | 442,000 | BMY8TS4 |
| 0.25% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $416,138.09 | 412,000 | BNRPV83 |
| 0.25% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $413,761.90 | 407,000 | BM8SW92 |
| 0.25% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $411,677.30 | 408,000 | BQB88K0 |
| 0.25% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $411,410.24 | 425,000 | BRS7WN8 |
| 0.25% | -- | PERFORMANCE FOOD GROUP I | 5.63% | 03/01/2034 | -- | $409,714.65 | 429,000 | BW1N539 |
| 0.25% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $408,033.66 | 409,000 | BVDKGL6 |
| 0.25% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $406,767.60 | 400,000 | BVBCQP8 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $406,222.49 | 393,000 | BMW2FL3 |
| 0.25% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $404,176.74 | 418,000 | BMW2F91 |
| 0.24% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $399,437.00 | 391,000 | BMCGQM3 |
| 0.24% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $398,722.25 | 391,000 | BVMSGF5 |
| 0.24% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $394,776.02 | 378,000 | BPBRSM2 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $390,277.92 | 422,000 | BP83D39 |
| 0.24% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $389,759.73 | 393,000 | BRK14M1 |
| 0.24% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $388,208.11 | 452,000 | BP4Z8H8 |
| 0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $387,940.52 | 417,000 | BN6KWY2 |
| 0.24% | -- | SM ENERGY CO | 8.38% | 07/01/2028 | -- | $387,286.02 | 376,000 | BRT7527 |
| 0.24% | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $386,920.93 | 391,000 | BN49RB3 |
| 0.24% | -- | HOWDEN UK REFINANCE / US | 8.13% | 02/15/2032 | -- | $386,187.54 | 417,000 | BMCM256 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $385,771.49 | 382,000 | BRBDSH9 |
| 0.23% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $379,861.78 | 404,000 | BRT7X56 |
| 0.23% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $379,555.59 | 391,000 | BN0ZRZ9 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $374,929.18 | 382,000 | BRBVMG0 |
| 0.23% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $372,689.91 | 371,000 | BMC94W8 |
| 0.22% | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $362,811.47 | 367,000 | BQT2NL0 |
| 0.22% | -- | OLYMPUS WTR US HLDG CORP | 6.75% | 08/01/2032 | -- | $359,199.57 | 382,000 | BVRTP89 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $358,625.07 | 349,000 | BMCMQL0 |
| 0.22% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $354,296.45 | 393,591 | BMDB423 |
| 0.22% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $352,940.89 | 367,000 | BSZ7DB3 |
| 0.22% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $352,289.87 | 367,000 | BNM5Z19 |
| 0.21% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $347,445.62 | 343,000 | BP091F3 |
| 0.21% | -- | PG&E CORP | 6.85% | 09/15/2056 | -- | $346,941.13 | 354,000 | BTJYMV0 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $345,591.87 | 347,000 | BMXHQ92 |
| 0.21% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $341,702.79 | 338,000 | BR4XVS8 |
| 0.21% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $341,241.08 | 333,000 | BR2NN28 |
| 0.20% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $335,421.44 | 431,000 | BRPT5J4 |
| 0.20% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $333,915.37 | 324,000 | BPK4CP5 |
| 0.20% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $319,759.13 | 312,000 | BMJ0LG7 |
| 0.19% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $313,977.92 | 400,000 | BNQPRV9 |
| 0.19% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $305,856.36 | 325,000 | BSNMMD5 |
| 0.19% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $305,530.84 | 331,000 | BSJQ190 |
| 0.18% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $302,815.95 | 309,000 | BQT3JM6 |
| 0.18% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $298,761.50 | 313,000 | BQ68CL4 |
| 0.18% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $295,920.80 | 392,000 | BMXHJH1 |
| 0.18% | -- | AECOM | 6.00% | 08/01/2033 | -- | $292,518.36 | 297,000 | BV2CGD5 |
| 0.17% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $285,709.19 | 287,000 | BMD14K1 |
| 0.17% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $278,805.67 | 284,000 | BPP2DX9 |
| 0.16% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $268,122.45 | 266,000 | BSNZ6B0 |
| 0.15% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $252,020.86 | 255,000 | BQ2KRD1 |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $233,918.74 | 235,000 | BN765Z1 |
| 0.13% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $212,229.66 | 233,000 | BMD9BZ9 |
| 0.13% | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $208,624.40 | 200,000 | BSML716 |
| 0.12% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $204,479.95 | 202,000 | BSD6D23 |
| 0.12% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $195,250.00 | 710,000 | BPGM651 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $188,437.30 | 183,000 | BPK4TG5 |
| 0.10% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $171,052.19 | 188,000 | BQ3QRD8 |
| 0.08% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $138,573.13 | 135,000 | BNKBFF3 |
| 0.08% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $132,999.08 | 224,000 | BMY0HH5 |
| 0.07% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $122,657.50 | 301,000 | BP9LWV3 |
| 0.07% | -- | ALBERTSONS COS INC | 5.63% | 03/31/2032 | -- | $107,236.83 | 110,000 | BRBNWB1 |
| 0.06% | -- | ADT SEC CORP | 4.13% | 08/01/2029 | -- | $102,536.71 | 108,000 | BNZKRX7 |
| 0.05% | -- | UNITED AIRLINES HOLDINGS | 5.38% | 03/01/2031 | -- | $85,343.94 | 88,000 | BW46M90 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $78,229.81 | 80,000 | BS88ZW8 |
| 0.03% | -- | ASURION LLC/ASURION CO | 8.38% | 02/01/2034 | -- | $48,161.22 | 50,000 | BTZRRR4 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,022.76 | 13,000 | BPH25H5 |
| -12.38% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2026 TYM6 COMDTY | -- | -- | -20,268,750 | -- | -184 | -- |
| -34.39% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2026 TUM6 COMDTY | -- | -- | -56,314,625 | -- | -272 | -- |
| -51.00% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2026 FVM6 COMDTY | -- | -- | -83,517,000 | -- | -776 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $9,022,362.99 | 9,022,363 | -- |
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