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 $164,519,130
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 2/28/2026- Number of Companies 235
- Net Effective Duration -0.19523
Price
as of 3/18/2026- NAV $63.89
- NAV Change $+0.08
- Market Price $63.80
- Market Price Change $-0.26
- Trading Volume (M) 8,164
- 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 $164,519,130
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 2/28/2026- Number of Companies 235
- Net Effective Duration -0.19523
Price
as of 3/18/2026- NAV $63.89
- NAV Change $+0.08
- Market Price $63.80
- Market Price Change $-0.26
- Trading Volume (M) 8,164
- 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 3/18/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.52% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,507,197.68 | 2,471,000 | BS9G792 |
| 1.48% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,436,722.68 | 2,385,000 | BPH26F0 |
| 1.46% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $2,406,264.62 | 2,308,000 | BNBV5N0 |
| 1.25% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,056,637.91 | 1,895,000 | BR54DP1 |
| 1.23% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,029,706.54 | 2,071,000 | BN2QTP4 |
| 1.12% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,837,843.39 | 1,806,000 | BV4K8M0 |
| 1.12% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,835,387.72 | 1,743,000 | BW5ZMJ6 |
| 0.97% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,595,786.56 | 1,592,000 | BT7MYF4 |
| 0.83% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,360,237.56 | 1,338,000 | BQ67HZ0 |
| 0.81% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,337,051.50 | 1,242,000 | BP2F579 |
| 0.78% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,284,698.69 | 1,283,000 | BS2FMQ8 |
| 0.78% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,283,610.96 | 1,264,000 | BNM6H94 |
| 0.77% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,272,635.69 | 1,254,000 | BVDKGM7 |
| 0.76% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,256,522.50 | 1,250,000 | BRXZ215 |
| 0.76% | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,249,196.25 | 1,861,000 | BTPF2W8 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,198,566.05 | 1,223,000 | BMVXSB8 |
| 0.72% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,191,909.28 | 1,154,000 | BRK4301 |
| 0.72% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,183,326.48 | 1,176,000 | BSTKQX1 |
| 0.71% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,167,765.66 | 1,179,000 | BSHT8Y5 |
| 0.70% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,144,390.22 | 1,170,000 | BRJQLF9 |
| 0.69% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,136,922.45 | 1,096,000 | BV5GRT7 |
| 0.69% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,133,410.91 | 1,140,000 | BM8H783 |
| 0.68% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,123,177.39 | 1,074,000 | BRSF6F2 |
| 0.66% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,090,061.30 | 1,091,000 | BQKN5B6 |
| 0.66% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $1,085,651.05 | 1,047,000 | BVMR221 |
| 0.66% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,079,936.95 | 1,073,000 | BV6KVR4 |
| 0.63% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,042,974.62 | 1,068,000 | BVF9138 |
| 0.62% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,021,780.85 | 1,019,000 | BV99DS3 |
| 0.62% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,019,373.19 | 1,038,000 | BM8K6S5 |
| 0.62% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,019,164.12 | 1,037,000 | BV4FWX4 |
| 0.62% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,018,006.00 | 1,000,000 | BT7HWD3 |
| 0.62% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,017,769.57 | 996,000 | BPLP3M1 |
| 0.62% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,012,738.00 | 1,000,000 | BW2K4P4 |
| 0.61% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $999,206.48 | 1,168,000 | BMVZMH8 |
| 0.60% | -- | SV RNO PROPERTY OWNER 1 | 5.88% | 03/01/2031 | -- | $991,326.39 | 1,000,000 | BVPVMW0 |
| 0.60% | -- | ALBERTSONS COS/SAFEWAY | 5.75% | 03/31/2034 | -- | $982,611.35 | 1,000,000 | BVBCQJ2 |
| 0.60% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $981,646.55 | 1,006,000 | BS2FZM5 |
| 0.59% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $978,350.00 | 945,000 | BQ2KRF3 |
| 0.59% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $972,557.39 | 977,000 | BMWDGR9 |
| 0.58% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $952,575.23 | 929,000 | BT7HYL5 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $952,276.85 | 937,000 | BQMJ1N6 |
| 0.57% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $936,089.02 | 866,000 | BQ80PR5 |
| 0.57% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $935,927.27 | 901,000 | BLC8Z03 |
| 0.56% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $917,404.44 | 889,000 | BQB9NW0 |
| 0.56% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $914,845.32 | 988,000 | BS89C64 |
| 0.55% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $910,128.03 | 901,000 | BNZG7Q8 |
| 0.54% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $887,708.08 | 941,000 | BN7SNC0 |
| 0.53% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $871,203.49 | 875,000 | BVBFJY7 |
| 0.53% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $865,737.47 | 1,001,000 | BM94BT2 |
| 0.52% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $858,796.48 | 868,000 | BM9YJB0 |
| 0.52% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $850,044.10 | 880,000 | BMBJVY0 |
| 0.52% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $849,176.77 | 835,000 | BS6V604 |
| 0.51% | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $839,809.08 | 951,000 | BRJHSK6 |
| 0.50% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $825,356.24 | 798,000 | BP9MC16 |
| 0.50% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $824,839.87 | 846,000 | BMV1LQ8 |
| 0.50% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $820,863.50 | 798,000 | BS6S7M4 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $807,835.45 | 799,000 | BNDQTF3 |
| 0.49% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $804,953.52 | 1,078,000 | BRBCV11 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $804,870.59 | 826,000 | BJNPGH3 |
| 0.49% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $798,502.55 | 782,000 | BM8K1F7 |
| 0.48% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $794,788.48 | 800,000 | BVK50T0 |
| 0.48% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $792,906.27 | 793,000 | BPVDS42 |
| 0.47% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $778,252.86 | 750,000 | BVK6BT0 |
| 0.47% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $770,163.14 | 735,000 | BRT75V6 |
| 0.47% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $767,748.59 | 827,000 | BRXCZB7 |
| 0.47% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $766,309.70 | 726,000 | BRQPKY1 |
| 0.46% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $762,290.86 | 772,000 | BNTZ4D7 |
| 0.46% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $754,536.83 | 742,000 | BTTRMX1 |
| 0.45% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $747,479.24 | 748,000 | BQ1PCD2 |
| 0.45% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $746,222.33 | 750,000 | BS84Y29 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $742,330.72 | 737,000 | BPW9BQ2 |
| 0.44% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $731,319.40 | 724,000 | BNRNCC8 |
| 0.44% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $722,050.47 | 805,000 | BMBVFS8 |
| 0.44% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $721,958.04 | 690,000 | BVK4MV3 |
| 0.43% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $707,951.48 | 675,000 | BNQQSS6 |
| 0.43% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $704,590.32 | 685,000 | BSNQ215 |
| 0.43% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $702,382.41 | 737,353 | BT68Y19 |
| 0.42% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $687,101.17 | 799,000 | BNNPV76 |
| 0.42% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $686,152.38 | 697,000 | BMZBL86 |
| 0.42% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $684,232.19 | 682,000 | BMF9C65 |
| 0.41% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $680,062.25 | 642,000 | BTWWV25 |
| 0.41% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $679,622.99 | 695,000 | BTPH0K8 |
| 0.41% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $674,461.02 | 674,000 | BR886L7 |
| 0.41% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $671,715.00 | 649,000 | BTCK903 |
| 0.40% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $657,321.19 | 638,000 | BTFHQJ9 |
| 0.40% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $654,801.81 | 675,000 | BVMS268 |
| 0.39% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $644,196.42 | 630,000 | BV3PLR2 |
| 0.39% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $641,897.47 | 767,000 | BMV1L02 |
| 0.38% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $633,017.29 | 665,000 | BPVBYZ9 |
| 0.38% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $632,975.64 | 628,000 | BVMDN60 |
| 0.38% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $631,186.06 | 617,000 | BLB3TG3 |
| 0.38% | -- | UNITED AIRLINES HOLDINGS | 4.88% | 03/01/2029 | -- | $630,674.17 | 638,000 | BWBZMK1 |
| 0.38% | -- | FIRST QUANTUM MINERALS L | 6.38% | 02/15/2036 | -- | $628,808.19 | 640,000 | BT3F8Q6 |
| 0.38% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $624,015.61 | 613,000 | BP946X2 |
| 0.38% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $620,567.06 | 607,000 | BQXJKM7 |
| 0.38% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $620,549.93 | 601,000 | BPG27W5 |
| 0.38% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $619,525.31 | 629,000 | BMVXP62 |
| 0.37% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $604,925.12 | 602,000 | BQTWXH6 |
| 0.36% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $597,289.57 | 594,000 | BNHS096 |
| 0.36% | -- | BLACK PEARL COMPUTE LLC | 6.13% | 02/15/2031 | -- | $589,371.57 | 578,000 | BMXG8Y8 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $589,025.35 | 581,000 | BPX27Q2 |
| 0.35% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $580,406.64 | 585,000 | BTFHSL5 |
| 0.35% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $580,313.57 | 566,000 | BVF9246 |
| 0.35% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $573,037.57 | 548,000 | BTCCGD1 |
| 0.35% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $572,448.79 | 546,000 | BT3NFD6 |
| 0.34% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $559,037.43 | 556,000 | BQB7JV5 |
| 0.34% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $558,888.00 | 550,000 | BMVXP51 |
| 0.34% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $558,244.73 | 543,000 | BRBCTZ1 |
| 0.34% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $555,994.15 | 560,000 | BTGTPC0 |
| 0.34% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $552,295.36 | 630,000 | BP7LR98 |
| 0.33% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $546,851.18 | 528,000 | BLDCTF7 |
| 0.33% | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $544,961.67 | 550,000 | BSSBTZ8 |
| 0.33% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $542,989.13 | 525,000 | BTJS1V5 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $540,410.10 | 505,000 | BRCDDH3 |
| 0.32% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $531,688.08 | 550,000 | BNW2059 |
| 0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $521,240.73 | 529,000 | BMW2W01 |
| 0.32% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $520,491.43 | 536,000 | BVBG0S1 |
| 0.32% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $519,480.83 | 530,000 | BTXQV60 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $514,931.50 | 500,000 | BMGDND0 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $511,916.20 | 563,000 | BS3BCF4 |
| 0.31% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $511,879.00 | 500,000 | BS9C5X0 |
| 0.31% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $509,457.66 | 576,000 | BS84LN9 |
| 0.31% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $507,139.72 | 473,000 | BR1H4Z1 |
| 0.31% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $506,137.84 | 497,000 | BRZWYJ6 |
| 0.31% | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $505,763.20 | 488,000 | BR55K64 |
| 0.31% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $504,189.81 | 719,000 | BMWT6D3 |
| 0.31% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $504,114.34 | 485,000 | BVK4BV6 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $503,818.77 | 517,000 | BLC9L19 |
| 0.31% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $502,355.67 | 511,000 | BLDCF37 |
| 0.30% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $499,953.18 | 492,000 | BVZMLG0 |
| 0.30% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $499,117.65 | 500,000 | BVBFJZ8 |
| 0.30% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $498,520.00 | 542,000 | BLDBLN6 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $493,088.53 | 489,000 | BT3CPW2 |
| 0.30% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $492,937.75 | 496,000 | BNTBJ41 |
| 0.30% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $492,813.99 | 522,000 | BVSYM93 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $491,795.64 | 495,000 | BN6MM59 |
| 0.30% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $489,776.70 | 496,000 | BT9NKJ1 |
| 0.29% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $484,593.61 | 486,000 | BQT2NG5 |
| 0.29% | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $484,472.07 | 500,000 | BL9XM77 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $480,111.30 | 450,000 | BR1YSV6 |
| 0.29% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $477,431.40 | 500,000 | BQ689G8 |
| 0.29% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $476,668.59 | 467,000 | BV8DHB7 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $475,661.29 | 495,000 | BMH29D8 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $475,369.71 | 483,000 | BM8H4Y8 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $474,756.91 | 464,000 | BQKRVC1 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $472,103.84 | 467,000 | BMCGQ56 |
| 0.29% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $469,792.77 | 466,000 | BTTRLD4 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $468,359.10 | 450,000 | BP5JP78 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $466,743.76 | 467,000 | BT7JWZ1 |
| 0.28% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $466,378.19 | 446,000 | BMGC188 |
| 0.28% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $466,155.77 | 437,000 | BS88506 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $465,982.65 | 450,000 | BR53N25 |
| 0.28% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $461,250.74 | 611,000 | BM93J39 |
| 0.28% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $459,702.03 | 490,000 | BNKLFF3 |
| 0.28% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $459,670.80 | 461,000 | BP812N6 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $455,715.25 | 492,000 | BPLFC68 |
| 0.28% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $454,609.73 | 433,000 | BP092P0 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $454,287.77 | 441,000 | BPLL6H5 |
| 0.28% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $452,764.93 | 448,000 | BV0YZ47 |
| 0.27% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $452,434.30 | 436,000 | BRC2671 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $451,912.66 | 449,000 | BQ9D885 |
| 0.27% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $449,438.63 | 426,000 | BMZMHS1 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $445,665.06 | 442,000 | BSKP420 |
| 0.27% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $443,778.30 | 435,000 | BP092B6 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $438,128.55 | 436,000 | BN95KZ1 |
| 0.27% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $437,956.82 | 419,000 | BNRPLW7 |
| 0.27% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $437,557.82 | 459,000 | BMT7QC9 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $437,452.84 | 443,000 | BMHBB51 |
| 0.27% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $436,598.64 | 432,000 | BP4YGK4 |
| 0.26% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $435,296.97 | 550,000 | BV2JDH9 |
| 0.26% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $434,426.61 | 413,000 | BV1C948 |
| 0.26% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $429,092.78 | 433,000 | BM9PWX6 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $427,567.91 | 427,000 | BL54J73 |
| 0.26% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $423,875.76 | 420,000 | BSVLRC8 |
| 0.26% | -- | PERFORMANCE FOOD GROUP I | 5.63% | 03/01/2034 | -- | $421,011.55 | 429,000 | BW1N539 |
| 0.26% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $420,755.00 | 412,000 | BNRPV83 |
| 0.25% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $418,887.73 | 442,000 | BMY8TS4 |
| 0.25% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $418,369.55 | 407,000 | BM8SW92 |
| 0.25% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $417,611.38 | 425,000 | BRS7WN8 |
| 0.25% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $416,601.46 | 408,000 | BQB88K0 |
| 0.25% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $412,678.14 | 409,000 | BVDKGL6 |
| 0.25% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $411,541.90 | 418,000 | BMW2F91 |
| 0.25% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $411,345.79 | 400,000 | BVBCQP8 |
| 0.25% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $407,412.64 | 452,000 | BP4Z8H8 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $406,986.87 | 393,000 | BMW2FL3 |
| 0.25% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $405,338.75 | 391,000 | BMCGQM3 |
| 0.25% | -- | TKC HOLDINGS INC | 8.50% | 08/15/2030 | -- | $403,840.27 | 399,000 | BT3FDQ1 |
| 0.25% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $403,715.80 | 391,000 | BVMSGF5 |
| 0.24% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $398,093.35 | 378,000 | BPBRSM2 |
| 0.24% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $395,768.29 | 393,000 | BRK14M1 |
| 0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $395,733.88 | 417,000 | BN6KWY2 |
| 0.24% | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $394,636.30 | 391,000 | BN49RB3 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $393,316.45 | 422,000 | BP83D39 |
| 0.24% | -- | HOWDEN UK REFINANCE / US | 8.13% | 02/15/2032 | -- | $392,436.64 | 417,000 | BMCM256 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $389,243.21 | 404,000 | BRT7X56 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $389,116.66 | 382,000 | BRBDSH9 |
| 0.24% | -- | SM ENERGY CO | 8.38% | 07/01/2028 | -- | $387,804.90 | 376,000 | BRT7527 |
| 0.23% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $381,937.09 | 391,000 | BN0ZRZ9 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $378,692.28 | 382,000 | BRBVMG0 |
| 0.23% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $375,341.81 | 371,000 | BMC94W8 |
| 0.23% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $371,695.55 | 408,000 | BM9SD09 |
| 0.22% | -- | OLYMPUS WTR US HLDG CORP | 6.75% | 08/01/2032 | -- | $369,264.54 | 382,000 | BVRTP89 |
| 0.22% | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $368,137.33 | 367,000 | BQT2NL0 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $359,840.99 | 349,000 | BMCMQL0 |
| 0.22% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $359,260.41 | 367,000 | BSZ7DB3 |
| 0.22% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $358,769.96 | 393,591 | BMDB423 |
| 0.22% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $357,692.44 | 367,000 | BNM5Z19 |
| 0.21% | -- | PG&E CORP | 6.85% | 09/15/2056 | -- | $352,403.50 | 354,000 | BTJYMV0 |
| 0.21% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $352,008.55 | 343,000 | BP091F3 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $348,743.33 | 347,000 | BMXHQ92 |
| 0.21% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $345,573.08 | 333,000 | BR2NN28 |
| 0.21% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $345,028.03 | 338,000 | BR4XVS8 |
| 0.21% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $340,301.44 | 431,000 | BRPT5J4 |
| 0.20% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $336,135.42 | 324,000 | BPK4CP5 |
| 0.20% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $335,776.45 | 337,000 | BVYL9V9 |
| 0.20% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $328,409.95 | 312,000 | BMJ0LG7 |
| 0.19% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $319,881.80 | 400,000 | BNQPRV9 |
| 0.19% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $318,656.14 | 324,000 | BR113M3 |
| 0.19% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $315,560.00 | 392,000 | BMXHJH1 |
| 0.19% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $310,297.29 | 325,000 | BSNMMD5 |
| 0.19% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $309,406.02 | 309,000 | BQT3JM6 |
| 0.19% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $309,194.70 | 313,000 | BQ68CL4 |
| 0.18% | -- | AECOM | 6.00% | 08/01/2033 | -- | $298,052.57 | 297,000 | BV2CGD5 |
| 0.17% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $286,126.54 | 287,000 | BMD14K1 |
| 0.17% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $282,432.80 | 284,000 | BPP2DX9 |
| 0.16% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $255,085.68 | 255,000 | BQ2KRD1 |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $234,428.95 | 235,000 | BN765Z1 |
| 0.13% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $216,847.88 | 233,000 | BMD9BZ9 |
| 0.13% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $211,063.42 | 219,000 | BSJQ190 |
| 0.13% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $209,450.00 | 710,000 | BPGM651 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $206,141.61 | 202,000 | BSD6D23 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $190,936.53 | 183,000 | BPK4TG5 |
| 0.11% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $184,298.92 | 188,000 | BQ3QRD8 |
| 0.10% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $172,771.19 | 166,000 | BSNZ6B0 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $139,873.10 | 135,000 | BNKBFF3 |
| 0.08% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $135,909.29 | 224,000 | BMY0HH5 |
| 0.08% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $124,451.46 | 301,000 | BP9LWV3 |
| 0.07% | -- | ALBERTSONS COS INC | 5.63% | 03/31/2032 | -- | $108,808.46 | 110,000 | BRBNWB1 |
| 0.06% | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $104,928.60 | 100,000 | BSML716 |
| 0.05% | -- | UNITED AIRLINES HOLDINGS | 5.38% | 03/01/2031 | -- | $87,517.95 | 88,000 | BW46M90 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $79,685.18 | 80,000 | BS88ZW8 |
| 0.03% | -- | ASURION LLC/ASURION CO | 8.38% | 02/01/2034 | -- | $48,995.51 | 50,000 | BTZRRR4 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,331.24 | 13,000 | BPH25H5 |
| -12.13% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2026 TYM6 COMDTY | -- | -- | -19,966,891 | -- | -179 | -- |
| -34.34% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2026 TUM6 COMDTY | -- | -- | -56,501,625 | -- | -272 | -- |
| -46.16% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2026 FVM6 COMDTY | -- | -- | -75,955,469 | -- | -700 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $9,547,181.96 | 9,547,182 | -- |
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