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 $164,748,355
- 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 4/07/2026- NAV
- NAV Change
- Market Price $64.61
- Market Price Change $+0.56
- Trading Volume (M) 3,923
- 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 $164,748,355
- 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 4/07/2026- NAV
- NAV Change
- Market Price $64.61
- Market Price Change $+0.56
- Trading Volume (M) 3,923
- 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 4/06/2026
| 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 | -- | $2,528,497.70 | 2,471,000 | BS9G792 |
| 1.48% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,440,644.44 | 2,385,000 | BPH26F0 |
| 1.46% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $2,402,432.14 | 2,308,000 | BNBV5N0 |
| 1.30% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,150,912.12 | 1,995,000 | BR54DP1 |
| 1.24% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,045,185.61 | 2,071,000 | BN2QTP4 |
| 1.12% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,853,893.31 | 1,806,000 | BV4K8M0 |
| 1.12% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,849,968.75 | 1,743,000 | BW5ZMJ6 |
| 0.96% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,588,742.37 | 1,592,000 | BT7MYF4 |
| 0.92% | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,517,449.50 | 2,157,000 | BTPF2W8 |
| 0.90% | -- | SV RNO PROPERTY OWNER 1 | 5.88% | 03/01/2031 | -- | $1,490,922.09 | 1,495,000 | BVPVMW0 |
| 0.83% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,372,136.39 | 1,338,000 | BQ67HZ0 |
| 0.80% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,325,847.42 | 1,242,000 | BP2F579 |
| 0.79% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,295,116.65 | 1,283,000 | BS2FMQ8 |
| 0.78% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,287,576.13 | 1,264,000 | BNM6H94 |
| 0.78% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,284,035.00 | 1,250,000 | BRXZ215 |
| 0.77% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,275,743.11 | 1,254,000 | BVDKGM7 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,199,513.10 | 1,223,000 | BMVXSB8 |
| 0.73% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,198,347.07 | 1,154,000 | BRK4301 |
| 0.72% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,179,951.36 | 1,176,000 | BSTKQX1 |
| 0.71% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,170,672.49 | 1,179,000 | BSHT8Y5 |
| 0.70% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,156,645.27 | 1,170,000 | BRJQLF9 |
| 0.69% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,134,496.27 | 1,074,000 | BRSF6F2 |
| 0.68% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,125,882.44 | 1,096,000 | BV5GRT7 |
| 0.68% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $1,120,226.93 | 1,047,000 | BVMR221 |
| 0.68% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,115,183.30 | 1,100,000 | BW2K4P4 |
| 0.67% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,097,393.26 | 1,091,000 | BQKN5B6 |
| 0.66% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,090,294.05 | 1,268,000 | BMVZMH8 |
| 0.66% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,083,860.91 | 1,073,000 | BV6KVR4 |
| 0.65% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $1,074,314.92 | 1,085,000 | BTFHSL5 |
| 0.64% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,056,523.59 | 1,068,000 | BVF9138 |
| 0.63% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,042,997.93 | 966,000 | BQ80PR5 |
| 0.62% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,030,890.00 | 1,000,000 | BT7HWD3 |
| 0.62% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,026,955.23 | 1,098,000 | BS89C64 |
| 0.62% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,024,176.52 | 1,019,000 | BV99DS3 |
| 0.62% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $1,018,117.29 | 975,000 | BP9MC16 |
| 0.62% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,017,289.50 | 996,000 | BPLP3M1 |
| 0.61% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,010,889.86 | 1,037,000 | BV4FWX4 |
| 0.61% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,008,159.06 | 1,038,000 | BM8K6S5 |
| 0.60% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $987,870.23 | 1,006,000 | BS2FZM5 |
| 0.59% | -- | ALBERTSONS COS/SAFEWAY | 5.75% | 03/31/2034 | -- | $980,565.80 | 1,000,000 | BVBCQJ2 |
| 0.59% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $976,893.75 | 945,000 | BQ2KRF3 |
| 0.59% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $968,616.66 | 977,000 | BMWDGR9 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $954,881.71 | 937,000 | BQMJ1N6 |
| 0.57% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $947,525.19 | 929,000 | BT7HYL5 |
| 0.57% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $938,118.43 | 931,000 | BNRNCC8 |
| 0.57% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $935,902.04 | 901,000 | BLC8Z03 |
| 0.56% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $923,745.56 | 968,000 | BM9YJB0 |
| 0.56% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $917,393.70 | 901,000 | BNZG7Q8 |
| 0.56% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $916,349.20 | 889,000 | BQB9NW0 |
| 0.54% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $896,482.70 | 941,000 | BN7SNC0 |
| 0.54% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $882,962.84 | 896,000 | BNTZ4D7 |
| 0.53% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $876,066.77 | 875,000 | BVBFJY7 |
| 0.53% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $869,500.73 | 1,001,000 | BM94BT2 |
| 0.53% | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $867,407.10 | 951,000 | BRJHSK6 |
| 0.52% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $857,189.29 | 835,000 | BS6V604 |
| 0.52% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $855,909.74 | 880,000 | BMBJVY0 |
| 0.52% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $852,088.08 | 886,000 | BNW2059 |
| 0.50% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $826,932.60 | 846,000 | BMV1LQ8 |
| 0.49% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $815,033.31 | 798,000 | BS6S7M4 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $812,065.25 | 799,000 | BNDQTF3 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $806,452.96 | 826,000 | BJNPGH3 |
| 0.48% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $797,770.57 | 837,353 | BT68Y19 |
| 0.48% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $796,308.25 | 782,000 | BM8K1F7 |
| 0.48% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $794,762.84 | 793,000 | BPVDS42 |
| 0.48% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $789,729.44 | 800,000 | BVK50T0 |
| 0.47% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $782,867.15 | 827,000 | BRXCZB7 |
| 0.47% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $779,769.75 | 750,000 | BVK6BT0 |
| 0.47% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $777,015.93 | 1,078,000 | BRBCV11 |
| 0.47% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $771,034.93 | 735,000 | BRT75V6 |
| 0.46% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $765,098.73 | 726,000 | BRQPKY1 |
| 0.46% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $763,593.84 | 738,000 | BTFHQJ9 |
| 0.46% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $750,860.35 | 748,000 | BQ1PCD2 |
| 0.46% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $750,630.94 | 742,000 | BTTRMX1 |
| 0.45% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $746,044.88 | 750,000 | BS84Y29 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $744,995.71 | 737,000 | BPW9BQ2 |
| 0.44% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $723,859.22 | 805,000 | BMBVFS8 |
| 0.44% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $723,356.67 | 690,000 | BVK4MV3 |
| 0.43% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $702,706.56 | 705,000 | BPP2DX9 |
| 0.43% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $702,222.63 | 651,000 | BR1H4Z1 |
| 0.42% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $693,503.57 | 697,000 | BMZBL86 |
| 0.42% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $692,656.93 | 685,000 | BSNQ215 |
| 0.42% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $689,909.06 | 695,000 | BTPH0K8 |
| 0.41% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $678,563.06 | 682,000 | BMF9C65 |
| 0.41% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $677,057.69 | 642,000 | BTWWV25 |
| 0.41% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $671,418.08 | 649,000 | BTCK903 |
| 0.41% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $670,500.67 | 799,000 | BNNPV76 |
| 0.41% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $669,227.41 | 674,000 | BR886L7 |
| 0.40% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $656,303.28 | 675,000 | BVMS268 |
| 0.40% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $652,068.27 | 630,000 | BV3PLR2 |
| 0.39% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $641,563.88 | 665,000 | BPVBYZ9 |
| 0.39% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $638,340.58 | 767,000 | BMV1L02 |
| 0.38% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $632,618.94 | 628,000 | BVMDN60 |
| 0.38% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $629,807.07 | 617,000 | BLB3TG3 |
| 0.38% | -- | UNITED AIRLINES HOLDINGS | 4.88% | 03/01/2029 | -- | $628,161.40 | 638,000 | BWBZMK1 |
| 0.38% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $627,814.82 | 601,000 | BPG27W5 |
| 0.38% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $627,387.11 | 613,000 | BP946X2 |
| 0.38% | -- | FIRST QUANTUM MINERALS L | 6.38% | 02/15/2036 | -- | $621,144.58 | 640,000 | BT3F8Q6 |
| 0.38% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $620,488.18 | 629,000 | BMVXP62 |
| 0.37% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $615,566.59 | 607,000 | BQXJKM7 |
| 0.36% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $596,388.26 | 594,000 | BNHS096 |
| 0.36% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $594,959.97 | 602,000 | BQTWXH6 |
| 0.36% | -- | BLACK PEARL COMPUTE LLC | 6.13% | 02/15/2031 | -- | $589,906.22 | 578,000 | BMXG8Y8 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $588,708.99 | 581,000 | BPX27Q2 |
| 0.36% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $588,576.49 | 779,000 | BV2JDH9 |
| 0.36% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $585,667.85 | 571,000 | BV8DHB7 |
| 0.35% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $578,567.13 | 566,000 | BVF9246 |
| 0.34% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $562,909.64 | 543,000 | BRBCTZ1 |
| 0.34% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $559,279.60 | 550,000 | BMVXP51 |
| 0.34% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $558,867.29 | 556,000 | BQB7JV5 |
| 0.34% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $558,340.21 | 548,000 | BTCCGD1 |
| 0.34% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $552,877.30 | 560,000 | BTGTPC0 |
| 0.33% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $552,400.47 | 526,000 | BMZMHS1 |
| 0.33% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $552,164.76 | 630,000 | BP7LR98 |
| 0.33% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $548,504.88 | 528,000 | BLDCTF7 |
| 0.33% | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $541,533.19 | 550,000 | BSSBTZ8 |
| 0.33% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $541,154.25 | 525,000 | BTJS1V5 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $539,748.04 | 505,000 | BRCDDH3 |
| 0.32% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $533,806.27 | 559,000 | BMT7QC9 |
| 0.32% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $526,226.20 | 575,000 | BM9SD09 |
| 0.32% | -- | TKC HOLDINGS INC | 8.50% | 08/15/2030 | -- | $523,077.37 | 513,000 | BT3FDQ1 |
| 0.32% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $520,982.09 | 576,000 | BS84LN9 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $519,384.84 | 563,000 | BS3BCF4 |
| 0.31% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $519,307.82 | 530,000 | BTXQV60 |
| 0.31% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $517,457.40 | 536,000 | BVBG0S1 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $514,113.00 | 500,000 | BMGDND0 |
| 0.31% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $510,142.00 | 500,000 | BS9C5X0 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $508,072.86 | 517,000 | BLC9L19 |
| 0.31% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $505,681.10 | 497,000 | BRZWYJ6 |
| 0.31% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $505,383.85 | 511,000 | BLDCF37 |
| 0.31% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $504,542.11 | 485,000 | BVK4BV6 |
| 0.31% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $504,356.26 | 542,000 | BLDBLN6 |
| 0.31% | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $503,250.00 | 488,000 | BR55K64 |
| 0.30% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $500,934.72 | 492,000 | BVZMLG0 |
| 0.30% | -- | APLD COMPUTECO 2 LLC CALLABLE NOTES FIXED 6.75% 15/MAR/2031 USD 1000 | -- | -- | -- | $500,046.76 | 500,000 | -- |
| 0.30% | -- | NEXSTAR MEDIA INC CALLABLE NOTES FIXED 7.25% 15/APR/2034 USD 1000 | -- | -- | -- | $499,531.90 | 500,000 | -- |
| 0.30% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $497,576.33 | 719,000 | BMWT6D3 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $497,088.90 | 495,000 | BN6MM59 |
| 0.30% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $496,825.20 | 500,000 | BVBFJZ8 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $496,765.32 | 489,000 | BT3CPW2 |
| 0.30% | -- | AMC NETWORKS INC CALLABLE NOTES FIXED 10.5% 15/JUL/2032 USD 1000 | -- | -- | -- | $493,713.55 | 500,000 | -- |
| 0.30% | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $490,846.80 | 500,000 | BL9XM77 |
| 0.30% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $487,400.95 | 500,000 | BQ689G8 |
| 0.29% | -- | MICHAELS COS INC/THE CALLABLE NOTES FIXED 8.5% 15/MAR/2033 USD 1000 | -- | -- | -- | $486,379.44 | 500,000 | -- |
| 0.29% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $485,004.77 | 496,000 | BT9NKJ1 |
| 0.29% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $484,448.05 | 522,000 | BVSYM93 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $481,601.25 | 450,000 | BR1YSV6 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $478,976.99 | 464,000 | BQKRVC1 |
| 0.29% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $478,745.67 | 486,000 | BQT2NG5 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $475,160.09 | 483,000 | BM8H4Y8 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $474,947.75 | 495,000 | BMH29D8 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $472,456.90 | 467,000 | BMCGQ56 |
| 0.28% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $468,590.96 | 466,000 | BTTRLD4 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $468,408.47 | 467,000 | BT7JWZ1 |
| 0.28% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $467,331.73 | 446,000 | BMGC188 |
| 0.28% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $465,450.45 | 437,000 | BS88506 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $464,620.05 | 450,000 | BR53N25 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $462,976.97 | 492,000 | BPLFC68 |
| 0.28% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $461,872.48 | 470,000 | BR113M3 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $459,364.83 | 449,000 | BQ9D885 |
| 0.28% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $458,916.19 | 459,000 | BVYL9V9 |
| 0.28% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $455,630.34 | 611,000 | BM93J39 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $455,369.10 | 441,000 | BPLL6H5 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $453,988.37 | 442,000 | BSKP420 |
| 0.27% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $453,193.66 | 448,000 | BV0YZ47 |
| 0.27% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $453,137.85 | 436,000 | BRC2671 |
| 0.27% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $452,584.59 | 433,000 | BP092P0 |
| 0.27% | -- | FIRST QUANTUM MINERALS L | 8.63% | 06/01/2031 | -- | $447,852.53 | 431,000 | BP488V1 |
| 0.27% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $442,188.79 | 435,000 | BP092B6 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $440,766.79 | 436,000 | BN95KZ1 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $439,452.19 | 443,000 | BMHBB51 |
| 0.27% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $437,552.48 | 419,000 | BNRPLW7 |
| 0.26% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $435,433.97 | 432,000 | BP4YGK4 |
| 0.26% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $431,097.66 | 413,000 | BV1C948 |
| 0.26% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $430,381.82 | 433,000 | BM9PWX6 |
| 0.26% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $425,542.74 | 420,000 | BSVLRC8 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $424,523.49 | 427,000 | BL54J73 |
| 0.26% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $424,108.50 | 442,000 | BMY8TS4 |
| 0.25% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $420,286.25 | 425,000 | BRS7WN8 |
| 0.25% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $419,613.76 | 412,000 | BNRPV83 |
| 0.25% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $417,585.26 | 407,000 | BM8SW92 |
| 0.25% | -- | PERFORMANCE FOOD GROUP I | 5.63% | 03/01/2034 | -- | $416,991.73 | 429,000 | BW1N539 |
| 0.25% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $416,462.21 | 409,000 | BVDKGL6 |
| 0.25% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $414,190.99 | 408,000 | BQB88K0 |
| 0.25% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $413,640.86 | 391,000 | BVMSGF5 |
| 0.25% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $412,775.00 | 418,000 | BMW2F91 |
| 0.25% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $412,639.60 | 400,000 | BVBCQP8 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $409,128.35 | 393,000 | BMW2FL3 |
| 0.25% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $406,733.06 | 391,000 | BMCGQM3 |
| 0.24% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $401,029.90 | 452,000 | BP4Z8H8 |
| 0.24% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $398,332.62 | 378,000 | BPBRSM2 |
| 0.24% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $397,995.82 | 393,000 | BRK14M1 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $397,486.32 | 422,000 | BP83D39 |
| 0.24% | -- | COOPER-STANDARD AUTOMOTIVE INC CALLABLE NOTES FIXED 9.25% 01/MAR/2031 USD 1000 | -- | -- | -- | $393,750.33 | 411,000 | -- |
| 0.24% | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $393,586.07 | 391,000 | BN49RB3 |
| 0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $393,172.58 | 417,000 | BN6KWY2 |
| 0.24% | -- | HOWDEN UK REFINANCE / US | 8.13% | 02/15/2032 | -- | $393,128.79 | 417,000 | BMCM256 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $391,639.39 | 404,000 | BRT7X56 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $390,269.15 | 382,000 | BRBDSH9 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $384,574.68 | 382,000 | BRBVMG0 |
| 0.23% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $379,446.19 | 371,000 | BMC94W8 |
| 0.22% | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $371,034.43 | 367,000 | BQT2NL0 |
| 0.22% | -- | OLYMPUS WTR US HLDG CORP | 6.75% | 08/01/2032 | -- | $366,783.95 | 382,000 | BVRTP89 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $363,797.60 | 349,000 | BMCMQL0 |
| 0.22% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $362,871.25 | 367,000 | BSZ7DB3 |
| 0.22% | -- | ESAB CORP CALLABLE NOTES FIXED 5.625% 01/APR/2031 USD 1000 | -- | -- | -- | $360,608.42 | 356,000 | -- |
| 0.22% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $357,951.77 | 367,000 | BNM5Z19 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $349,879.75 | 347,000 | BMXHQ92 |
| 0.21% | -- | PG&E CORP | 6.85% | 09/15/2056 | -- | $349,075.72 | 354,000 | BTJYMV0 |
| 0.21% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $346,232.06 | 338,000 | BR4XVS8 |
| 0.21% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $344,776.88 | 333,000 | BR2NN28 |
| 0.20% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $337,334.22 | 324,000 | BPK4CP5 |
| 0.20% | -- | KODIAK GAS SERVICES LLC CALLABLE NOTES FIXED 5.875% 01/APR/2031 USD 1000 | -- | -- | -- | $337,051.21 | 335,000 | -- |
| 0.20% | -- | ASURION LLC/ASURION CO | 8.38% | 02/01/2034 | -- | $334,667.91 | 343,000 | BTZRRR4 |
| 0.20% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $327,133.87 | 312,000 | BMJ0LG7 |
| 0.20% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $323,603.42 | 431,000 | BRPT5J4 |
| 0.19% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $310,489.52 | 331,000 | BSJQ190 |
| 0.19% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $309,194.93 | 325,000 | BSNMMD5 |
| 0.19% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $308,692.78 | 313,000 | BQ68CL4 |
| 0.18% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $304,780.05 | 309,000 | BQT3JM6 |
| 0.18% | -- | AECOM | 6.00% | 08/01/2033 | -- | $297,749.63 | 297,000 | BV2CGD5 |
| 0.17% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $286,628.45 | 287,000 | BMD14K1 |
| 0.17% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $273,487.43 | 266,000 | BSNZ6B0 |
| 0.15% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $255,265.46 | 255,000 | BQ2KRD1 |
| 0.15% | -- | FAIR ISAAC CORP CALLABLE NOTES FIXED 6.25% 15/SEP/2034 USD 1000 | -- | -- | -- | $245,061.97 | 248,000 | -- |
| 0.15% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $243,890.18 | 589,000 | BP9LWV3 |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $234,791.74 | 235,000 | BN765Z1 |
| 0.14% | -- | SM ENERGY CO CALLABLE NOTES FIXED 6.625% 15/APR/2034 USD 1000 | -- | -- | -- | $226,286.79 | 226,000 | -- |
| 0.13% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $216,140.75 | 233,000 | BMD9BZ9 |
| 0.13% | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $209,769.40 | 200,000 | BSML716 |
| 0.12% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $205,668.52 | 202,000 | BSD6D23 |
| 0.12% | -- | UNITED AIRLINES HOLDINGS | 5.38% | 03/01/2031 | -- | $198,448.33 | 201,000 | BW46M90 |
| 0.11% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $189,432.45 | 183,000 | BPK4TG5 |
| 0.11% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $176,759.65 | 188,000 | BQ3QRD8 |
| 0.08% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $139,975.02 | 135,000 | BNKBFF3 |
| 0.08% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $139,831.45 | 710,000 | BPGM651 |
| 0.08% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $132,042.80 | 224,000 | BMY0HH5 |
| 0.07% | -- | ALBERTSONS COS INC | 5.63% | 03/31/2032 | -- | $108,798.76 | 110,000 | BRBNWB1 |
| 0.07% | -- | SUNOCO LP CALLABLE NOTES FIXED 5.625% 15/MAR/2031 USD 1000 | -- | -- | -- | $108,647.67 | 109,000 | -- |
| 0.06% | -- | ADT SEC CORP | 4.13% | 08/01/2029 | -- | $103,509.23 | 108,000 | BNZKRX7 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $79,195.74 | 80,000 | BS88ZW8 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,356.53 | 13,000 | BPH25H5 |
| -12.83% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2026 TYM6 COMDTY | -- | -- | -21,165,188 | -- | -191 | -- |
| -35.18% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2026 TUM6 COMDTY | -- | -- | -58,030,000 | -- | -280 | -- |
| -50.67% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2026 FVM6 COMDTY | -- | -- | -83,579,906 | -- | -774 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,199,353.67 | 7,199,354 | -- |
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