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 11/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.25% | 1.25% | 3.74% | 4.84% | 5.37% | 9.82% | 7.02% | 5.89% | 4.07% | 05/21/2013 |
| HYHG Market Price | -0.40% | 1.08% | 3.39% | 4.22% | 4.93% | 9.54% | 7.03% | 5.94% | 4.07% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.32% | 1.41% | 4.01% | 5.39% | 5.85% | 10.27% | 7.45% | 6.52% | 4.77% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.90% | 2.08% | 5.24% | 4.48% | 7.58% | 11.06% | 7.79% | 5.99% | 4.09% | 05/21/2013 |
| HYHG Market Price | 1.01% | 2.31% | 5.37% | 4.15% | 7.69% | 11.19% | 7.92% | 6.03% | 4.12% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.01% | 2.32% | 5.63% | 4.98% | 8.07% | 11.54% | 8.25% | 6.65% | 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
- Distributions Monthly
Characteristics
as of 11/30/2025- Number of Companies 231
- Net Effective Duration -0.2882
Price
as of 12/23/2025- NAV $64.58
- NAV Change $+0.06
- Market Price $64.13
- Market Price Change $+0.16
- Trading Volume (M) 7,532
- 30-Day Median Bid Ask Spread 0.43%
- View Premium / Discount
Distributions
as of 11/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.40%
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.
- 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
- Distributions Monthly
Characteristics
as of 11/30/2025- Number of Companies 231
- Net Effective Duration -0.2882
Price
as of 12/23/2025- NAV $64.58
- NAV Change $+0.06
- Market Price $64.13
- Market Price Change $+0.16
- Trading Volume (M) 7,532
- 30-Day Median Bid Ask Spread 0.43%
- View Premium / Discount
Distributions
as of 11/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.40%
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.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 12/23/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.51% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,479,923.00 | 2,385,000 | BPH26F0 |
| 1.33% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,172,131.46 | 2,167,000 | BMWDGR9 |
| 1.30% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,131,566.30 | 2,109,000 | BN2QTP4 |
| 1.19% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,941,576.65 | 1,760,000 | BR54DP1 |
| 1.13% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,847,144.29 | 1,806,000 | BV4K8M0 |
| 1.01% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,653,696.54 | 1,602,000 | BNM6H94 |
| 1.00% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,630,865.50 | 1,592,000 | BT7MYF4 |
| 0.95% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $1,557,483.18 | 1,518,000 | BM9YJB0 |
| 0.93% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,527,322.07 | 1,458,000 | BQ67HZ0 |
| 0.89% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,459,697.21 | 1,385,000 | BP6GPK1 |
| 0.88% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,440,736.58 | 1,400,000 | BW5ZMJ6 |
| 0.86% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,412,652.97 | 1,415,000 | BQKN5B6 |
| 0.85% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,399,321.39 | 1,343,000 | BQB9NW0 |
| 0.85% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,398,140.47 | 1,301,000 | BP2F579 |
| 0.83% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $1,354,777.55 | 1,417,000 | BNDLGZ7 |
| 0.82% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,340,032.65 | 1,290,000 | BPLP3M1 |
| 0.81% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,330,496.00 | 1,280,000 | BNBTNV8 |
| 0.81% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,327,853.68 | 1,283,000 | BS2FMQ8 |
| 0.80% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,312,005.00 | 1,861,000 | BTPF2W8 |
| 0.80% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,307,357.89 | 1,286,000 | BM8H783 |
| 0.78% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,279,708.75 | 1,250,000 | BRXZ215 |
| 0.77% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,257,091.99 | 1,210,000 | BNZG7Q8 |
| 0.75% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,224,819.58 | 1,184,000 | BS9G792 |
| 0.74% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,214,792.28 | 1,170,000 | BRJQLF9 |
| 0.74% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,205,250.44 | 1,179,000 | BSHT8Y5 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,203,402.65 | 1,223,000 | BMVXSB8 |
| 0.71% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,162,431.85 | 1,096,000 | BV5GRT7 |
| 0.70% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,150,942.10 | 1,100,000 | BRSF6F2 |
| 0.70% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,141,554.23 | 1,154,000 | BRK4301 |
| 0.68% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,117,645.15 | 1,145,000 | BMBJVY0 |
| 0.67% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,096,818.45 | 1,073,000 | BV6KVR4 |
| 0.67% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,096,303.67 | 1,034,000 | BTCCGD1 |
| 0.66% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $1,082,744.43 | 1,092,000 | BS6V604 |
| 0.65% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,066,421.83 | 1,030,000 | BQ80PR5 |
| 0.65% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,061,951.85 | 1,038,000 | BM8K6S5 |
| 0.64% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,049,380.74 | 1,037,000 | BV4FWX4 |
| 0.64% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,044,856.00 | 1,000,000 | BT7HWD3 |
| 0.63% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,037,735.11 | 1,041,000 | BN7SNC0 |
| 0.63% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,035,913.41 | 1,006,000 | BS2FZM5 |
| 0.63% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $1,034,686.88 | 976,000 | BRQPKY1 |
| 0.63% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $1,031,309.42 | 989,000 | BT7HYL5 |
| 0.63% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,029,407.00 | 1,000,000 | BW2K4P4 |
| 0.63% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,023,852.61 | 987,000 | BVDKGM7 |
| 0.62% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,022,169.33 | 1,044,000 | BNW2059 |
| 0.62% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,009,099.64 | 1,129,000 | BMBVFS8 |
| 0.61% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,005,304.00 | 1,000,000 | BVBFJZ8 |
| 0.61% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,001,490.04 | 1,068,000 | BVF9138 |
| 0.61% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $990,921.33 | 945,000 | BQ2KRF3 |
| 0.60% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $976,406.47 | 937,000 | BQMJ1N6 |
| 0.56% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $914,423.90 | 1,039,000 | BRJHSK6 |
| 0.56% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $914,243.93 | 897,000 | BP9MC16 |
| 0.55% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $892,806.79 | 872,000 | BNTZ4D7 |
| 0.54% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $888,440.89 | 852,000 | BPG22V9 |
| 0.54% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $879,082.26 | 888,000 | BS89C64 |
| 0.53% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $860,294.98 | 842,000 | BTTRMX1 |
| 0.53% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $860,131.49 | 799,000 | BMJ0LG7 |
| 0.52% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $856,168.14 | 824,000 | BPK4CP5 |
| 0.52% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $851,061.70 | 801,000 | BVK4MV3 |
| 0.52% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $846,951.81 | 821,000 | BVDKGL6 |
| 0.51% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $839,944.41 | 847,000 | BNHS096 |
| 0.51% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $838,117.10 | 819,000 | BV99DS3 |
| 0.51% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $834,551.97 | 827,000 | BRXCZB7 |
| 0.51% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $827,441.20 | 799,000 | BNDQTF3 |
| 0.50% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $825,523.02 | 798,000 | BS6S7M4 |
| 0.50% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $821,177.89 | 859,000 | BT68Y19 |
| 0.50% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $820,533.60 | 800,000 | BVK50T0 |
| 0.50% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $811,991.12 | 826,000 | BJNPGH3 |
| 0.49% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $809,301.97 | 782,000 | BM8K1F7 |
| 0.49% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $800,945.79 | 786,000 | BQT2NG5 |
| 0.49% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $795,049.11 | 793,000 | BPVDS42 |
| 0.48% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $787,054.64 | 889,000 | BNNPV76 |
| 0.48% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $785,283.51 | 761,000 | BR4XVS8 |
| 0.47% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $764,451.00 | 750,000 | BS84Y29 |
| 0.46% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $760,536.18 | 900,000 | BMVZMH8 |
| 0.46% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $758,443.56 | 735,000 | BRT75V6 |
| 0.46% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $756,054.64 | 777,000 | BMV1LQ8 |
| 0.46% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $752,950.89 | 737,000 | BPW9BQ2 |
| 0.46% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $750,084.68 | 748,000 | BQ1PCD2 |
| 0.46% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $745,242.23 | 750,000 | BVK6BT0 |
| 0.45% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $735,408.79 | 724,000 | BNRNCC8 |
| 0.44% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $718,986.17 | 697,000 | BMZBL86 |
| 0.44% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $716,094.68 | 675,000 | BL6CM66 |
| 0.44% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $715,005.06 | 685,000 | BSNQ215 |
| 0.44% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $714,286.35 | 675,000 | BNQQSS6 |
| 0.43% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $709,705.15 | 702,000 | BQTWXH6 |
| 0.43% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $706,912.63 | 684,000 | BTXQV60 |
| 0.43% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $704,695.60 | 682,000 | BMF9C65 |
| 0.43% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $700,736.40 | 675,000 | BMVXP62 |
| 0.42% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $688,380.49 | 1,013,000 | BMWT6D3 |
| 0.42% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $683,883.75 | 649,000 | BTCK903 |
| 0.42% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $683,748.74 | 674,000 | BR886L7 |
| 0.42% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $682,499.48 | 657,000 | BQXJKM7 |
| 0.41% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $673,463.40 | 646,000 | BLC8Z03 |
| 0.41% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $672,871.46 | 675,000 | BVMS268 |
| 0.41% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $670,612.31 | 628,000 | BLDCTF7 |
| 0.41% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $664,763.27 | 679,000 | BNHT925 |
| 0.40% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $658,308.22 | 892,000 | BRBCV11 |
| 0.40% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $649,151.67 | 628,000 | BVF9246 |
| 0.39% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $644,199.91 | 711,000 | BM94BT2 |
| 0.39% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $638,675.51 | 613,000 | BP946X2 |
| 0.39% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $634,966.54 | 665,000 | BPVBYZ9 |
| 0.39% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $631,658.40 | 767,000 | BMV1L02 |
| 0.38% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $626,947.63 | 610,000 | BQB88K0 |
| 0.38% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $621,854.10 | 601,000 | BPG27W5 |
| 0.38% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $614,293.43 | 609,000 | BPP2DX9 |
| 0.37% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $601,291.43 | 581,000 | BPX27Q2 |
| 0.37% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $600,060.92 | 558,000 | BS88506 |
| 0.36% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $583,300.99 | 556,000 | BNRPV83 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $581,797.00 | 630,000 | BP7LR98 |
| 0.35% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $580,969.73 | 576,000 | BS84LN9 |
| 0.35% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $580,695.02 | 546,000 | BT3NFD6 |
| 0.35% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $576,312.55 | 550,000 | BVK4BV6 |
| 0.35% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $573,620.86 | 543,000 | BRBCTZ1 |
| 0.34% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $561,065.50 | 536,000 | BRC2671 |
| 0.34% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $560,037.67 | 556,000 | BQB7JV5 |
| 0.34% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $555,749.12 | 563,000 | BS3BCF4 |
| 0.34% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $553,641.98 | 601,000 | BN6JYJ8 |
| 0.34% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $552,913.75 | 539,000 | BLB3TG3 |
| 0.33% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $548,430.75 | 525,000 | BTJS1V5 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $547,090.24 | 505,000 | BRCDDH3 |
| 0.33% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $544,690.50 | 519,000 | BNRPLW7 |
| 0.33% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $538,850.00 | 520,000 | BMC94W8 |
| 0.33% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $534,123.95 | 536,000 | BVBG0S1 |
| 0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $527,707.18 | 529,000 | BMW2W01 |
| 0.32% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $524,247.50 | 500,000 | BMVXP51 |
| 0.32% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $520,527.50 | 500,000 | BMGDND0 |
| 0.32% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $518,821.37 | 511,000 | BLDCF37 |
| 0.32% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $517,753.84 | 473,000 | BR1H4Z1 |
| 0.31% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $515,108.94 | 513,000 | BQ68CL4 |
| 0.31% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $515,049.38 | 542,000 | BLDBLN6 |
| 0.31% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $513,986.00 | 500,000 | BPSQQR3 |
| 0.31% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $511,751.47 | 496,000 | BT9NKJ1 |
| 0.31% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $508,630.42 | 489,000 | BT3CPW2 |
| 0.31% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $508,465.10 | 503,000 | BRRG7V9 |
| 0.31% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $503,076.42 | 495,000 | BN6MM59 |
| 0.31% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $500,724.67 | 485,000 | BP092B6 |
| 0.30% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $498,855.47 | 496,000 | BQT3JM6 |
| 0.30% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $496,374.96 | 517,000 | BLC9L19 |
| 0.30% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $495,389.25 | 501,000 | BN0ZRZ9 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $488,630.70 | 450,000 | BR1YSV6 |
| 0.30% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $487,349.87 | 464,000 | BQKRVC1 |
| 0.30% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $485,603.23 | 490,000 | BVRTP89 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $481,407.42 | 467,000 | BMCGQ56 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $480,269.20 | 495,000 | BMH29D8 |
| 0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $479,560.12 | 492,000 | BMY8TS4 |
| 0.29% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $478,400.00 | 520,000 | BRT7X56 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $477,559.44 | 483,000 | BM8H4Y8 |
| 0.29% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $476,653.23 | 466,000 | BTTRLD4 |
| 0.29% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $471,820.00 | 500,000 | BV2JDH9 |
| 0.29% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $469,237.95 | 450,000 | BP5JP78 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,914.50 | 450,000 | BR53N25 |
| 0.29% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $466,926.32 | 446,000 | BMGC188 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $466,175.71 | 492,000 | BPLFC68 |
| 0.28% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $465,059.06 | 465,000 | BMD14K1 |
| 0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $462,290.74 | 471,000 | BNM5Z19 |
| 0.28% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $461,913.09 | 448,000 | BV0YZ47 |
| 0.28% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $461,540.26 | 490,000 | BNKLFF3 |
| 0.28% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $460,907.72 | 426,000 | BMZMHS1 |
| 0.28% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $458,148.95 | 455,000 | BQ2KRD1 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $457,895.59 | 441,000 | BPLL6H5 |
| 0.28% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $453,733.36 | 449,000 | BVBFJY7 |
| 0.27% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $443,766.38 | 432,000 | BP4YGK4 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $442,244.83 | 436,000 | BN95KZ1 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $442,195.78 | 443,000 | BMHBB51 |
| 0.27% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $441,378.47 | 413,000 | BV1C948 |
| 0.27% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $438,836.36 | 459,000 | BMT7QC9 |
| 0.27% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $438,165.53 | 451,000 | BSKP420 |
| 0.27% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $437,589.37 | 467,000 | BT7JWZ1 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $432,858.01 | 427,000 | BL54J73 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $432,250.09 | 452,000 | BP4Z8H8 |
| 0.26% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $429,766.77 | 449,000 | BQ9D885 |
| 0.26% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $429,189.73 | 433,000 | BM9PWX6 |
| 0.26% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $427,418.88 | 420,000 | BSVLRC8 |
| 0.26% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $421,486.12 | 418,000 | BMW2F91 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $421,058.19 | 407,000 | BM8SW92 |
| 0.25% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $415,851.03 | 407,000 | BVMDN60 |
| 0.25% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $411,371.83 | 400,000 | BVBCQP8 |
| 0.25% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $411,339.43 | 391,000 | BMCGQM3 |
| 0.25% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $408,953.38 | 395,000 | BVZMLG0 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $406,662.36 | 393,000 | BMW2FL3 |
| 0.25% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $404,665.51 | 422,000 | BP83D39 |
| 0.25% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $401,287.10 | 383,000 | BP092P0 |
| 0.24% | -- | WINDSTREAM SERVICES LLC | 7.50% | 10/15/2033 | -- | $399,378.35 | 391,000 | BVMSGF5 |
| 0.24% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $398,988.45 | 378,000 | BPBRSM2 |
| 0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $396,625.17 | 417,000 | BN6KWY2 |
| 0.24% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $396,591.50 | 431,000 | BRPT5J4 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $395,411.26 | 382,000 | BRBDSH9 |
| 0.24% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $394,756.13 | 382,000 | BRBVMG0 |
| 0.24% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $393,030.60 | 394,000 | BMBV4H0 |
| 0.24% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $388,275.00 | 465,000 | BS6RJF8 |
| 0.24% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $386,722.77 | 376,000 | BRT7527 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $378,300.00 | 485,000 | BMH8323 |
| 0.23% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $373,768.58 | 367,000 | BV8DHB7 |
| 0.23% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $369,441.22 | 491,000 | BM93J39 |
| 0.22% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $367,367.48 | 351,000 | BMJ0L90 |
| 0.22% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $366,899.99 | 367,000 | BSZ7DB3 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $365,947.44 | 349,000 | BS7XRZ1 |
| 0.22% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $365,092.14 | 393,591 | BMDB423 |
| 0.22% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $361,136.51 | 392,000 | BMXHJH1 |
| 0.22% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $353,714.45 | 347,000 | BMXHQ92 |
| 0.22% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $352,865.18 | 581,000 | BMY0HH5 |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $352,192.06 | 343,000 | BP091F3 |
| 0.21% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $349,948.84 | 343,000 | BRK14M1 |
| 0.21% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $349,488.75 | 500,000 | BNQPRV9 |
| 0.21% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $344,668.10 | 369,000 | BR4ZG56 |
| 0.19% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $304,900.79 | 297,000 | BRZWYJ6 |
| 0.18% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $299,170.71 | 300,000 | BTPH0K8 |
| 0.18% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $299,036.55 | 300,000 | BVSYM93 |
| 0.18% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $297,050.38 | 283,000 | BR2NN28 |
| 0.18% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $292,866.90 | 296,000 | BNTBJ41 |
| 0.17% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $272,160.00 | 972,000 | BPGM651 |
| 0.17% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $272,098.43 | 401,000 | BP9LWV3 |
| 0.16% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $263,969.92 | 261,000 | BP812N6 |
| 0.16% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $254,583.52 | 239,000 | BMCMQL0 |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $235,993.58 | 235,000 | BN765Z1 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $221,225.76 | 233,000 | BMD9BZ9 |
| 0.13% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $213,053.58 | 230,000 | BKPJT48 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $207,774.78 | 202,000 | BSD6D23 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $191,776.50 | 183,000 | BPK4TG5 |
| 0.10% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $162,545.95 | 177,000 | BM9SD09 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $141,251.31 | 135,000 | BNKBFF3 |
| 0.07% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $116,356.69 | 119,000 | BMW4P42 |
| 0.07% | -- | FRONTIER COMMUNICATIONS HOLDINGS LLC CALLABLE NOTES FIXED 6% 15/JAN/2030 USD 1000 | -- | -- | -- | $110,710.10 | 109,000 | -- |
| 0.05% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $85,652.45 | 84,000 | BVYL9V9 |
| 0.05% | -- | HERC HOLDINGS INC | 7.00% | 06/15/2030 | -- | $81,842.98 | 78,000 | BV5GRS6 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $80,582.77 | 79,000 | BS88ZW8 |
| 0.04% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $69,611.56 | 66,000 | BSNZ6B0 |
| 0.04% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $65,054.02 | 64,000 | BPLPFQ9 |
| 0.03% | -- | LEVEL 3 FINANCING INC | 7.00% | 03/31/2034 | -- | $51,340.00 | 50,000 | BV6KVQ3 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,569.05 | 13,000 | BPH25H5 |
| -- | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $1,017.33 | 1,000 | BQ3QRD8 |
| -13.51% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2026 TYH6 COMDTY | -- | -- | -22,122,484 | -- | -197 | -- |
| -35.53% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2026 TUH6 COMDTY | -- | -- | -58,195,477 | -- | -279 | -- |
| -45.52% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2026 FVH6 COMDTY | -- | -- | -74,553,719 | -- | -683 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,031,591.13 | 7,031,591 | -- |
Index
as of 9/30/2025
- Total Number of Issues246
- Long Portfolio Duration3.25
- Net Effective Duration0.06
- Long Portfolio Yield7.28
- Net Index Yield7.56
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
2025
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
| 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