HYHG invests in a portfolio of high-yield corporate bonds, while seeking to hedge against the potential negative impact of rising interest rates.
HYHG
High Yield - Interest Rate Hedged
Why HYHG?
High Yield Bond Returns
HYHG targets the returns of a diversified portfolio of high yield corporate bonds.
Hedge Against Rising Rates
HYHG provides corporate bond exposure with a built-in hedge against rising rates, utilizing short positions in U.S. Treasury futures.
Lower Rate Sensitivity
By targeting a duration of zero, HYHG seeks to have almost no sensitivity to rising rates, unlike other short-term bond funds.
View fund details
Documents & Downloads
ETF & Index
Prospectus & Regulatory
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Month-End Total Returns as of 12/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.95% | 1.30% | 3.40% | 5.84% | 5.84% | 10.37% | 6.92% | 6.27% | 4.12% | 05/21/2013 |
| HYHG Market Price | 1.08% | 1.15% | 3.48% | 5.35% | 5.35% | 10.42% | 6.96% | 6.35% | 4.13% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.78% | 1.18% | 3.52% | 6.22% | 6.22% | 10.75% | 7.28% | 6.93% | 4.80% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.95% | 1.30% | 3.40% | 5.84% | 5.84% | 10.37% | 6.92% | 6.27% | 4.12% | 05/21/2013 |
| HYHG Market Price | 1.08% | 1.15% | 3.48% | 5.35% | 5.35% | 10.42% | 6.96% | 6.35% | 4.13% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.78% | 1.18% | 3.52% | 6.22% | 6.22% | 10.75% | 7.28% | 6.93% | 4.80% | -- |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
About the Fund
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 12/31/2025- Number of Companies 238
- Net Effective Duration -0.14988
Price
as of 2/02/2026- NAV $64.61
- NAV Change $-0.17
- Market Price $64.74
- Market Price Change $-0.01
- Trading Volume (M) 8,610
- 30-Day Median Bid Ask Spread 0.45%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.38%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 6.95%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 12/31/2025- Number of Companies 238
- Net Effective Duration -0.14988
Price
as of 2/02/2026- NAV $64.61
- NAV Change $-0.17
- Market Price $64.74
- Market Price Change $-0.01
- Trading Volume (M) 8,610
- 30-Day Median Bid Ask Spread 0.45%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.38%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 6.95%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 2/02/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.56% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,474,585.63 | 2,385,000 | BPH26F0 |
| 1.54% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,439,237.38 | 2,371,000 | BS9G792 |
| 1.23% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,940,306.29 | 1,941,000 | BN2QTP4 |
| 1.18% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,865,876.12 | 1,806,000 | BV4K8M0 |
| 1.15% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,820,765.69 | 1,743,000 | BW5ZMJ6 |
| 1.12% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,774,130.93 | 1,618,000 | BR54DP1 |
| 1.03% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,633,062.46 | 1,592,000 | BT7MYF4 |
| 0.92% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,455,044.99 | 1,385,000 | BP6GPK1 |
| 0.89% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,404,190.93 | 1,347,000 | BVDKGM7 |
| 0.89% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,403,065.20 | 1,338,000 | BQ67HZ0 |
| 0.85% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,343,179.46 | 1,245,000 | BP2F579 |
| 0.84% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,322,624.97 | 1,283,000 | BS2FMQ8 |
| 0.83% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,319,877.03 | 1,861,000 | BTPF2W8 |
| 0.82% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,300,447.44 | 1,264,000 | BNM6H94 |
| 0.81% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,288,647.50 | 1,250,000 | BRXZ215 |
| 0.80% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $1,265,680.57 | 1,207,000 | BNBV5N0 |
| 0.80% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,261,579.67 | 1,219,000 | BQB9NW0 |
| 0.79% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,257,077.47 | 1,210,000 | BNZG7Q8 |
| 0.76% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,209,958.50 | 1,179,000 | BSHT8Y5 |
| 0.76% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,206,557.62 | 1,223,000 | BMVXSB8 |
| 0.75% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,194,855.33 | 1,170,000 | BRJQLF9 |
| 0.75% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,180,025.01 | 1,154,000 | BRK4301 |
| 0.73% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,160,499.96 | 1,096,000 | BV5GRT7 |
| 0.71% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,119,948.20 | 1,145,000 | BMBJVY0 |
| 0.71% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,118,460.47 | 1,091,000 | BQKN5B6 |
| 0.71% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,116,553.43 | 1,115,000 | BMWDGR9 |
| 0.69% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,097,254.18 | 1,073,000 | BV6KVR4 |
| 0.67% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,061,625.74 | 1,038,000 | BM8K6S5 |
| 0.66% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,051,559.48 | 1,037,000 | BV4FWX4 |
| 0.66% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,050,690.22 | 1,000,000 | BRSF6F2 |
| 0.66% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,050,599.61 | 1,068,000 | BVF9138 |
| 0.66% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,040,574.00 | 1,000,000 | BT7HWD3 |
| 0.65% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,032,883.87 | 996,000 | BPLP3M1 |
| 0.65% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,024,501.45 | 1,000,000 | BW2K4P4 |
| 0.64% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,013,798.74 | 1,006,000 | BS2FZM5 |
| 0.64% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,007,227.00 | 1,000,000 | BVBFJZ8 |
| 0.63% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $997,945.36 | 976,000 | BSTKQX1 |
| 0.63% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $990,048.15 | 945,000 | BQ2KRF3 |
| 0.62% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $989,379.57 | 930,000 | BQ80PR5 |
| 0.62% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $975,765.56 | 937,000 | BQMJ1N6 |
| 0.62% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $974,354.24 | 988,000 | BS89C64 |
| 0.61% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $960,174.45 | 929,000 | BT7HYL5 |
| 0.58% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $923,934.22 | 897,000 | BP9MC16 |
| 0.58% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $916,273.32 | 1,039,000 | BRJHSK6 |
| 0.58% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $915,558.56 | 941,000 | BN7SNC0 |
| 0.58% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $912,239.91 | 1,005,000 | BMBVFS8 |
| 0.55% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $876,084.55 | 868,000 | BM9YJB0 |
| 0.54% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $857,988.20 | 1,000,000 | BMVZMH8 |
| 0.54% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $851,928.38 | 801,000 | BVK4MV3 |
| 0.53% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $846,187.19 | 812,000 | BVMR221 |
| 0.53% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $846,027.01 | 835,000 | BS6V604 |
| 0.53% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $834,233.40 | 819,000 | BV99DS3 |
| 0.53% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $832,022.37 | 827,000 | BRXCZB7 |
| 0.52% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $829,218.18 | 799,000 | BNDQTF3 |
| 0.52% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $820,234.67 | 798,000 | BS6S7M4 |
| 0.52% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $817,945.91 | 800,000 | BVK50T0 |
| 0.51% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $815,117.28 | 826,000 | BJNPGH3 |
| 0.51% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $812,651.24 | 779,000 | BMJ0L90 |
| 0.51% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $807,526.83 | 782,000 | BM8K1F7 |
| 0.50% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $794,563.47 | 786,000 | BM8H783 |
| 0.50% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $794,146.68 | 793,000 | BPVDS42 |
| 0.50% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $789,896.50 | 772,000 | BNTZ4D7 |
| 0.48% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $767,757.48 | 735,000 | BRT75V6 |
| 0.48% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $766,031.12 | 750,000 | BVK6BT0 |
| 0.48% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $762,373.50 | 750,000 | BS84Y29 |
| 0.48% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $760,506.22 | 742,000 | BTTRMX1 |
| 0.48% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $752,352.37 | 748,000 | BQ1PCD2 |
| 0.47% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $751,774.55 | 737,000 | BPW9BQ2 |
| 0.47% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $743,962.85 | 724,000 | BNRNCC8 |
| 0.45% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $719,052.41 | 737,353 | BT68Y19 |
| 0.45% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $713,921.18 | 675,000 | BNQQSS6 |
| 0.45% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $712,804.48 | 697,000 | BMZBL86 |
| 0.45% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $710,794.36 | 685,000 | BSNQ215 |
| 0.45% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $706,311.25 | 682,000 | BMF9C65 |
| 0.45% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $705,417.66 | 664,000 | BRQPKY1 |
| 0.44% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $701,176.82 | 686,000 | BQT2NG5 |
| 0.44% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $696,516.98 | 675,000 | BMVXP62 |
| 0.44% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $694,577.41 | 767,000 | BMV1L02 |
| 0.44% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $693,716.26 | 666,000 | BLC8Z03 |
| 0.43% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $684,373.80 | 674,000 | BR886L7 |
| 0.43% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $678,144.23 | 657,000 | BQXJKM7 |
| 0.43% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $677,205.54 | 649,000 | BTCK903 |
| 0.43% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $673,423.07 | 675,000 | BVMS268 |
| 0.42% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $663,281.14 | 677,000 | BMV1LQ8 |
| 0.41% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $648,371.97 | 638,000 | BTFHQJ9 |
| 0.41% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $641,686.84 | 711,000 | BM94BT2 |
| 0.40% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $636,730.37 | 665,000 | BPVBYZ9 |
| 0.40% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $632,849.40 | 613,000 | BP946X2 |
| 0.40% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $627,353.85 | 601,000 | BPG27W5 |
| 0.39% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $620,794.50 | 749,000 | BNNPV76 |
| 0.39% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $617,013.57 | 602,000 | BQTWXH6 |
| 0.38% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $600,326.97 | 581,000 | BPX27Q2 |
| 0.37% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $587,200.63 | 548,000 | BTCCGD1 |
| 0.37% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $581,848.64 | 546,000 | BT3NFD6 |
| 0.37% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $578,841.41 | 576,000 | BS84LN9 |
| 0.36% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $576,892.80 | 550,000 | BVK4BV6 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $574,959.14 | 630,000 | BP7LR98 |
| 0.36% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $572,203.63 | 543,000 | BRBCTZ1 |
| 0.36% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $564,739.19 | 792,000 | BRBCV11 |
| 0.36% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $563,601.20 | 528,000 | BLDCTF7 |
| 0.36% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $562,998.37 | 556,000 | BQB7JV5 |
| 0.35% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $554,107.63 | 539,000 | BLB3TG3 |
| 0.35% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $549,829.88 | 525,000 | BTJS1V5 |
| 0.34% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $542,606.05 | 530,000 | BTXQV60 |
| 0.34% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $541,789.25 | 505,000 | BRCDDH3 |
| 0.34% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $540,024.50 | 500,000 | BTWWV25 |
| 0.34% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $539,549.57 | 563,000 | BS3BCF4 |
| 0.34% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $538,026.89 | 550,000 | BNW2059 |
| 0.34% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $534,431.35 | 536,000 | BVBG0S1 |
| 0.34% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $530,993.27 | 529,000 | BMW2W01 |
| 0.33% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $525,559.41 | 511,000 | BLDCF37 |
| 0.33% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $521,613.50 | 500,000 | BMGDND0 |
| 0.33% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $520,631.00 | 500,000 | BS9C5X0 |
| 0.33% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $519,210.14 | 525,000 | BNHS096 |
| 0.33% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $518,419.16 | 542,000 | BLDBLN6 |
| 0.33% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $517,397.50 | 500,000 | BMVXP51 |
| 0.33% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $516,608.08 | 473,000 | BR1H4Z1 |
| 0.33% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $516,406.32 | 513,000 | BQ68CL4 |
| 0.33% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $514,886.63 | 719,000 | BMWT6D3 |
| 0.32% | -- | NEPTUNE BIDCO US INC CALLABLE NOTES FIXED 9.5% 15/FEB/2033 USD 1000 | -- | -- | -- | $509,326.50 | 500,000 | -- |
| 0.32% | -- | BAUSCH + LOMB CORP CALLABLE NOTES FIXED 8.375% 01/OCT/2028 USD 1000 | -- | -- | -- | $508,891.28 | 488,000 | -- |
| 0.32% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $506,674.00 | 500,000 | BQ689G8 |
| 0.32% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $505,153.44 | 495,000 | BN6MM59 |
| 0.32% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $504,990.79 | 489,000 | BT3CPW2 |
| 0.32% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $504,685.73 | 515,000 | BNHT925 |
| 0.32% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $503,127.50 | 500,000 | BTGTPC0 |
| 0.32% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $502,235.45 | 485,000 | BP092B6 |
| 0.32% | -- | GFL ENVIRONMENTAL HOLDINGS US INC CALLABLE NOTES FIXED 5.5% 01/FEB/2034 USD 1000 | -- | -- | -- | $500,901.00 | 500,000 | -- |
| 0.32% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $499,274.59 | 496,000 | BT9NKJ1 |
| 0.31% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $498,594.58 | 496,000 | BQT3JM6 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $497,392.21 | 517,000 | BLC9L19 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $494,389.86 | 534,000 | BKPJT48 |
| 0.31% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $493,831.95 | 500,000 | BSJQ190 |
| 0.31% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $488,676.15 | 501,000 | BN6JYJ8 |
| 0.31% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $486,864.90 | 450,000 | BR1YSV6 |
| 0.31% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $484,627.65 | 464,000 | BQKRVC1 |
| 0.31% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $483,622.87 | 467,000 | BMCGQ56 |
| 0.31% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $483,363.04 | 550,000 | BV2JDH9 |
| 0.31% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $483,057.80 | 467,000 | BV8DHB7 |
| 0.30% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $479,742.86 | 495,000 | BMH29D8 |
| 0.30% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $479,445.65 | 483,000 | BM8H4Y8 |
| 0.30% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $475,573.04 | 466,000 | BTTRLD4 |
| 0.30% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $472,985.27 | 471,000 | BTFHSL5 |
| 0.30% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $470,842.65 | 450,000 | BP5JP78 |
| 0.30% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $469,491.82 | 437,000 | BS88506 |
| 0.30% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $469,049.28 | 446,000 | BMGC188 |
| 0.30% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,984.25 | 450,000 | BR53N25 |
| 0.29% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $465,492.36 | 490,000 | BNKLFF3 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $465,365.38 | 492,000 | BPLFC68 |
| 0.29% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $461,528.11 | 441,000 | BPLL6H5 |
| 0.29% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $461,241.09 | 448,000 | BV0YZ47 |
| 0.29% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $460,704.34 | 455,000 | BQ2KRD1 |
| 0.29% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $459,178.58 | 426,000 | BMZMHS1 |
| 0.29% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $455,795.27 | 436,000 | BRC2671 |
| 0.29% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $455,654.99 | 433,000 | BP092P0 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $448,311.50 | 467,000 | BT7JWZ1 |
| 0.28% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $444,820.00 | 413,000 | BV1C948 |
| 0.28% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $443,913.26 | 432,000 | BP4YGK4 |
| 0.28% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $443,409.18 | 427,000 | BV3PLR2 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $442,661.29 | 449,000 | BQ9D885 |
| 0.28% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $442,250.93 | 436,000 | BN95KZ1 |
| 0.28% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $441,909.07 | 443,000 | BMHBB51 |
| 0.28% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $439,928.55 | 459,000 | BMT7QC9 |
| 0.28% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $439,122.48 | 419,000 | BNRPLW7 |
| 0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $433,333.81 | 433,000 | BM9PWX6 |
| 0.27% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $431,331.49 | 427,000 | BL54J73 |
| 0.27% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $430,873.37 | 412,000 | BNRPV83 |
| 0.27% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $428,867.63 | 452,000 | BP4Z8H8 |
| 0.27% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $428,550.78 | 420,000 | BSVLRC8 |
| 0.27% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $427,803.79 | 425,000 | BRS7WN8 |
| 0.27% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $424,428.84 | 418,000 | BMW2F91 |
| 0.27% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $421,071.62 | 407,000 | BM8SW92 |
| 0.27% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $420,452.57 | 408,000 | BQB88K0 |
| 0.27% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $420,390.65 | 409,000 | BVDKGL6 |
| 0.26% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $411,759.98 | 391,000 | BMCGQM3 |
| 0.26% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $410,781.20 | 400,000 | BVBCQP8 |
| 0.26% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $409,989.42 | 422,000 | BP83D39 |
| 0.26% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $407,466.33 | 393,000 | BMW2FL3 |
| 0.26% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $404,830.45 | 391,000 | BVMSGF5 |
| 0.25% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $399,711.94 | 378,000 | BPBRSM2 |
| 0.25% | -- | SIX FLAGS ENTERTAINMENT CORP/CANADA'S WONDERLAND CO/MILLENNIUM OPERATIONS LLC CALLABLE NOTES FIXED 8.625% 15/JAN/2032 USD 1000 | -- | -- | -- | $399,621.94 | 391,000 | -- |
| 0.25% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $399,582.99 | 417,000 | BN6KWY2 |
| 0.25% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $395,823.82 | 382,000 | BRBDSH9 |
| 0.25% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $392,732.64 | 404,000 | BRT7X56 |
| 0.25% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $389,608.39 | 382,000 | BRBVMG0 |
| 0.24% | -- | SM ENERGY CO | 8.38% | 07/01/2028 | -- | $387,559.37 | 376,000 | BRT7527 |
| 0.24% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $386,426.88 | 391,000 | BN0ZRZ9 |
| 0.24% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $386,333.71 | 371,000 | BMC94W8 |
| 0.24% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $385,378.53 | 381,000 | BVBFJY7 |
| 0.24% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $384,428.17 | 431,000 | BRPT5J4 |
| 0.24% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $380,931.76 | 392,000 | BMY8TS4 |
| 0.24% | -- | OSAIC HOLDINGS INC CALLABLE NOTES FIXED 6.75% 01/AUG/2032 USD 1000 | -- | -- | -- | $380,165.76 | 367,000 | -- |
| 0.24% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $378,090.28 | 382,000 | BVRTP89 |
| 0.24% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $375,875.00 | 485,000 | BMH8323 |
| 0.23% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $369,924.83 | 349,000 | BMCMQL0 |
| 0.23% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $367,265.99 | 491,000 | BM93J39 |
| 0.23% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $367,016.96 | 392,000 | BMXHJH1 |
| 0.23% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $366,935.36 | 393,591 | BMDB423 |
| 0.23% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $364,283.76 | 367,000 | BSZ7DB3 |
| 0.23% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $362,902.28 | 357,000 | BVMDN60 |
| 0.23% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $362,166.24 | 367,000 | BNM5Z19 |
| 0.23% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $357,564.90 | 345,000 | BVZMLG0 |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $353,671.76 | 343,000 | BP091F3 |
| 0.22% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $352,815.37 | 347,000 | BMXHQ92 |
| 0.22% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $352,347.91 | 343,000 | BRK14M1 |
| 0.22% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $348,795.72 | 338,000 | BR4XVS8 |
| 0.22% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $346,940.55 | 581,000 | BMY0HH5 |
| 0.21% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $338,138.49 | 324,000 | BPK4CP5 |
| 0.21% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $334,771.26 | 312,000 | BMJ0LG7 |
| 0.21% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $325,758.88 | 325,000 | BSNMMD5 |
| 0.20% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $324,194.81 | 324,000 | BR113M3 |
| 0.19% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $307,468.32 | 400,000 | BNQPRV9 |
| 0.19% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $304,550.93 | 297,000 | BRZWYJ6 |
| 0.19% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $302,542.50 | 300,000 | BTPH0K8 |
| 0.19% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $301,485.45 | 290,000 | BVF9246 |
| 0.19% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $298,458.84 | 300,000 | BVSYM93 |
| 0.19% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $298,452.93 | 283,000 | BR2NN28 |
| 0.19% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $293,865.63 | 296,000 | BNTBJ41 |
| 0.18% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $288,746.90 | 293,000 | BSKP420 |
| 0.17% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $263,283.75 | 261,000 | BP812N6 |
| 0.16% | -- | AECOM CALLABLE NOTES FIXED 6% 01/AUG/2033 USD 1000 | -- | -- | -- | $252,831.42 | 247,000 | -- |
| 0.15% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $237,306.68 | 237,000 | BMD14K1 |
| 0.15% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $236,171.71 | 235,000 | BN765Z1 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $222,052.96 | 233,000 | BMD9BZ9 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $208,077.37 | 202,000 | BSD6D23 |
| 0.12% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $196,617.56 | 301,000 | BP9LWV3 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $191,536.40 | 183,000 | BPK4TG5 |
| 0.12% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $188,642.40 | 188,000 | BQ3QRD8 |
| 0.11% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $174,302.02 | 166,000 | BSNZ6B0 |
| 0.10% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $162,200.75 | 177,000 | BM9SD09 |
| 0.10% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $157,948.76 | 572,000 | BPGM651 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $141,227.15 | 135,000 | BNKBFF3 |
| 0.07% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $109,639.50 | 109,000 | BPP2DX9 |
| 0.07% | -- | CLEAR CHANNEL OUTDOOR HOLDINGS INC CALLABLE NOTES FIXED 7.125% 15/FEB/2031 USD 1000 | -- | -- | -- | $104,422.70 | 100,000 | -- |
| 0.03% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $52,060.60 | 51,000 | BS88ZW8 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,518.12 | 13,000 | BPH25H5 |
| -12.62% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2026 TYH6 COMDTY | -- | -- | -19,975,281 | -- | -179 | -- |
| -36.19% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2026 TUH6 COMDTY | -- | -- | -57,294,531 | -- | -275 | -- |
| -46.37% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2026 FVH6 COMDTY | -- | -- | -73,411,524 | -- | -675 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,923,527.15 | 6,923,527 | -- |
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