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 $164,322,628
- Expense Ratio 0.50%
- NAV Calculation Time
Characteristics
as of 2/28/2026- Number of Companies 235
- Net Effective Duration -0.19523
Price
as of 3/31/2026- NAV
- NAV Change
- Market Price $63.36
- Market Price Change $+0.25
- Trading Volume (M) 7,052
- 30-Day Median Bid Ask Spread 0.69%
- 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 $164,322,628
- Expense Ratio 0.50%
- NAV Calculation Time
Characteristics
as of 2/28/2026- Number of Companies 235
- Net Effective Duration -0.19523
Price
as of 3/31/2026- NAV
- NAV Change
- Market Price $63.36
- Market Price Change $+0.25
- Trading Volume (M) 7,052
- 30-Day Median Bid Ask Spread 0.69%
- 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 3/31/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.55% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,526,673.04 | 2,471,000 | BS9G792 |
| 1.48% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,417,218.97 | 2,385,000 | BPH26F0 |
| 1.46% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $2,390,470.49 | 2,308,000 | BNBV5N0 |
| 1.32% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,155,100.29 | 1,995,000 | BR54DP1 |
| 1.24% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,021,111.47 | 2,071,000 | BN2QTP4 |
| 1.13% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,841,996.44 | 1,743,000 | BW5ZMJ6 |
| 1.13% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,838,726.53 | 1,806,000 | BV4K8M0 |
| 0.97% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,591,570.18 | 1,592,000 | BT7MYF4 |
| 0.91% | -- | SV RNO PROPERTY OWNER 1 | 5.88% | 03/01/2031 | -- | $1,481,760.29 | 1,495,000 | BVPVMW0 |
| 0.87% | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,427,847.72 | 2,157,000 | BTPF2W8 |
| 0.84% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,364,606.13 | 1,338,000 | BQ67HZ0 |
| 0.82% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,332,235.03 | 1,242,000 | BP2F579 |
| 0.79% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,287,124.70 | 1,283,000 | BS2FMQ8 |
| 0.79% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,283,331.62 | 1,264,000 | BNM6H94 |
| 0.78% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,275,597.79 | 1,250,000 | BRXZ215 |
| 0.78% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,267,257.29 | 1,254,000 | BVDKGM7 |
| 0.73% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,199,617.62 | 1,154,000 | BRK4301 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,194,714.95 | 1,223,000 | BMVXSB8 |
| 0.72% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,172,472.00 | 1,176,000 | BSTKQX1 |
| 0.72% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,168,824.29 | 1,179,000 | BSHT8Y5 |
| 0.69% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,123,425.23 | 1,170,000 | BRJQLF9 |
| 0.69% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,122,582.38 | 1,096,000 | BV5GRT7 |
| 0.69% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,122,165.68 | 1,074,000 | BRSF6F2 |
| 0.67% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,101,142.90 | 1,100,000 | BW2K4P4 |
| 0.67% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,092,881.98 | 1,091,000 | BQKN5B6 |
| 0.66% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,083,693.28 | 1,268,000 | BMVZMH8 |
| 0.66% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $1,079,501.07 | 1,047,000 | BVMR221 |
| 0.66% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,070,914.41 | 1,073,000 | BV6KVR4 |
| 0.65% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $1,062,129.83 | 1,085,000 | BTFHSL5 |
| 0.64% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,042,279.22 | 966,000 | BQ80PR5 |
| 0.64% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,042,164.44 | 1,068,000 | BVF9138 |
| 0.62% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,015,158.00 | 1,000,000 | BT7HWD3 |
| 0.62% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,014,576.05 | 1,098,000 | BS89C64 |
| 0.62% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,013,185.18 | 1,019,000 | BV99DS3 |
| 0.62% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,013,041.55 | 996,000 | BPLP3M1 |
| 0.62% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $1,010,080.70 | 975,000 | BP9MC16 |
| 0.61% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,004,221.40 | 1,038,000 | BM8K6S5 |
| 0.61% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,004,097.44 | 1,037,000 | BV4FWX4 |
| 0.60% | -- | ALBERTSONS COS/SAFEWAY | 5.75% | 03/31/2034 | -- | $978,424.92 | 1,000,000 | BVBCQJ2 |
| 0.60% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $976,190.91 | 1,006,000 | BS2FZM5 |
| 0.60% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $973,705.32 | 945,000 | BQ2KRF3 |
| 0.59% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $968,296.72 | 977,000 | BMWDGR9 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $951,421.37 | 937,000 | BQMJ1N6 |
| 0.58% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $944,505.94 | 929,000 | BT7HYL5 |
| 0.57% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $936,064.22 | 901,000 | BLC8Z03 |
| 0.57% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $935,475.69 | 931,000 | BNRNCC8 |
| 0.56% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $917,083.68 | 968,000 | BM9YJB0 |
| 0.56% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $916,062.05 | 889,000 | BQB9NW0 |
| 0.56% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $909,192.79 | 901,000 | BNZG7Q8 |
| 0.54% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $885,340.65 | 896,000 | BNTZ4D7 |
| 0.54% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $883,018.87 | 941,000 | BN7SNC0 |
| 0.53% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $867,124.83 | 875,000 | BVBFJY7 |
| 0.53% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $858,125.97 | 1,001,000 | BM94BT2 |
| 0.52% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $855,779.81 | 835,000 | BS6V604 |
| 0.52% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $849,218.74 | 880,000 | BMBJVY0 |
| 0.52% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $844,589.16 | 886,000 | BNW2059 |
| 0.51% | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $837,764.43 | 951,000 | BRJHSK6 |
| 0.50% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $821,331.82 | 846,000 | BMV1LQ8 |
| 0.50% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $811,329.79 | 798,000 | BS6S7M4 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $802,578.72 | 799,000 | BNDQTF3 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $799,696.61 | 826,000 | BJNPGH3 |
| 0.49% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $794,095.13 | 793,000 | BPVDS42 |
| 0.49% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $792,896.54 | 782,000 | BM8K1F7 |
| 0.48% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $791,335.57 | 837,353 | BT68Y19 |
| 0.48% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $784,995.50 | 800,000 | BVK50T0 |
| 0.48% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $781,988.91 | 827,000 | BRXCZB7 |
| 0.48% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $779,105.42 | 1,078,000 | BRBCV11 |
| 0.47% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $774,517.55 | 750,000 | BVK6BT0 |
| 0.47% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $768,072.80 | 735,000 | BRT75V6 |
| 0.47% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $762,652.11 | 726,000 | BRQPKY1 |
| 0.46% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $755,028.61 | 738,000 | BTFHQJ9 |
| 0.46% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $745,277.41 | 742,000 | BTTRMX1 |
| 0.46% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $745,061.78 | 748,000 | BQ1PCD2 |
| 0.45% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $741,999.68 | 750,000 | BS84Y29 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $741,773.55 | 737,000 | BPW9BQ2 |
| 0.44% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $717,398.75 | 805,000 | BMBVFS8 |
| 0.44% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $716,354.55 | 690,000 | BVK4MV3 |
| 0.43% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $700,134.23 | 651,000 | BR1H4Z1 |
| 0.43% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $697,081.51 | 705,000 | BPP2DX9 |
| 0.42% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $687,616.70 | 685,000 | BSNQ215 |
| 0.42% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $684,674.62 | 695,000 | BTPH0K8 |
| 0.42% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $683,828.51 | 697,000 | BMZBL86 |
| 0.41% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $673,344.59 | 642,000 | BTWWV25 |
| 0.41% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $673,149.29 | 649,000 | BTCK903 |
| 0.41% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $673,032.52 | 682,000 | BMF9C65 |
| 0.41% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $665,343.95 | 674,000 | BR886L7 |
| 0.40% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $660,082.26 | 799,000 | BNNPV76 |
| 0.40% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $650,349.63 | 630,000 | BV3PLR2 |
| 0.39% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $644,076.50 | 675,000 | BVMS268 |
| 0.39% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $630,165.83 | 665,000 | BPVBYZ9 |
| 0.38% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $629,013.61 | 617,000 | BLB3TG3 |
| 0.38% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $628,356.08 | 628,000 | BVMDN60 |
| 0.38% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $624,253.86 | 767,000 | BMV1L02 |
| 0.38% | -- | UNITED AIRLINES HOLDINGS | 4.88% | 03/01/2029 | -- | $624,005.02 | 638,000 | BWBZMK1 |
| 0.38% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $623,154.35 | 613,000 | BP946X2 |
| 0.38% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $619,026.39 | 601,000 | BPG27W5 |
| 0.38% | -- | FIRST QUANTUM MINERALS L | 6.38% | 02/15/2036 | -- | $615,257.15 | 640,000 | BT3F8Q6 |
| 0.38% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $613,600.57 | 629,000 | BMVXP62 |
| 0.37% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $609,891.14 | 607,000 | BQXJKM7 |
| 0.37% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $600,739.56 | 779,000 | BV2JDH9 |
| 0.37% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $596,413.42 | 594,000 | BNHS096 |
| 0.36% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $590,577.83 | 602,000 | BQTWXH6 |
| 0.36% | -- | BLACK PEARL COMPUTE LLC | 6.13% | 02/15/2031 | -- | $588,307.98 | 578,000 | BMXG8Y8 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $588,192.20 | 581,000 | BPX27Q2 |
| 0.36% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $583,030.40 | 571,000 | BV8DHB7 |
| 0.35% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $575,968.53 | 566,000 | BVF9246 |
| 0.34% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $558,009.94 | 556,000 | BQB7JV5 |
| 0.34% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $556,450.49 | 550,000 | BMVXP51 |
| 0.34% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $555,576.70 | 548,000 | BTCCGD1 |
| 0.34% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $555,198.50 | 543,000 | BRBCTZ1 |
| 0.34% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $551,449.46 | 526,000 | BMZMHS1 |
| 0.33% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $546,974.57 | 560,000 | BTGTPC0 |
| 0.33% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $544,153.10 | 528,000 | BLDCTF7 |
| 0.33% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $542,520.15 | 630,000 | BP7LR98 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $540,579.27 | 505,000 | BRCDDH3 |
| 0.33% | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $539,668.77 | 550,000 | BSSBTZ8 |
| 0.33% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $536,313.75 | 525,000 | BTJS1V5 |
| 0.33% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $532,190.36 | 559,000 | BMT7QC9 |
| 0.32% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $521,721.08 | 575,000 | BM9SD09 |
| 0.32% | -- | TKC HOLDINGS INC | 8.50% | 08/15/2030 | -- | $517,165.68 | 513,000 | BT3FDQ1 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $514,413.44 | 563,000 | BS3BCF4 |
| 0.31% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $513,844.83 | 536,000 | BVBG0S1 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $510,895.50 | 500,000 | BMGDND0 |
| 0.31% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $505,975.50 | 500,000 | BS9C5X0 |
| 0.31% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $505,063.27 | 497,000 | BRZWYJ6 |
| 0.31% | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $503,860.00 | 488,000 | BR55K64 |
| 0.31% | -- | NEXSTAR MEDIA INC CALLABLE NOTES FIXED 7.25% 15/APR/2034 USD 1000 | -- | -- | -- | $503,650.00 | 500,000 | -- |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $502,551.81 | 517,000 | BLC9L19 |
| 0.31% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $502,263.30 | 576,000 | BS84LN9 |
| 0.31% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $500,487.51 | 485,000 | BVK4BV6 |
| 0.31% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $500,347.45 | 530,000 | BTXQV60 |
| 0.31% | -- | APLD COMPUTECO 2 LLC CALLABLE NOTES FIXED 6.75% 15/MAR/2031 USD 1000 | -- | -- | -- | $499,185.00 | 500,000 | -- |
| 0.30% | -- | AMC NETWORKS INC CALLABLE NOTES FIXED 10.5% 15/JUL/2032 USD 1000 | -- | -- | -- | $496,965.00 | 500,000 | -- |
| 0.30% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $496,873.46 | 542,000 | BLDBLN6 |
| 0.30% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $496,708.58 | 719,000 | BMWT6D3 |
| 0.30% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $495,936.00 | 492,000 | BVZMLG0 |
| 0.30% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $494,742.54 | 511,000 | BLDCF37 |
| 0.30% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $493,034.75 | 500,000 | BVBFJZ8 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $489,999.03 | 489,000 | BT3CPW2 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $489,123.51 | 495,000 | BN6MM59 |
| 0.30% | -- | MICHAELS COS INC/THE CALLABLE NOTES FIXED 8.5% 15/MAR/2033 USD 1000 | -- | -- | -- | $487,960.00 | 500,000 | -- |
| 0.30% | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $485,063.85 | 500,000 | BL9XM77 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $481,423.95 | 450,000 | BR1YSV6 |
| 0.29% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $479,397.85 | 500,000 | BQ689G8 |
| 0.29% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $479,250.14 | 486,000 | BQT2NG5 |
| 0.29% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $477,968.37 | 496,000 | BT9NKJ1 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $475,571.70 | 464,000 | BQKRVC1 |
| 0.29% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $475,305.01 | 522,000 | BVSYM93 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $473,080.46 | 495,000 | BMH29D8 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $470,762.42 | 483,000 | BM8H4Y8 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $469,087.96 | 467,000 | BMCGQ56 |
| 0.29% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $466,349.97 | 466,000 | BTTRLD4 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $465,557.64 | 467,000 | BT7JWZ1 |
| 0.28% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $465,537.03 | 446,000 | BMGC188 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $464,646.60 | 450,000 | BR53N25 |
| 0.28% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $464,239.09 | 437,000 | BS88506 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $459,521.60 | 492,000 | BPLFC68 |
| 0.28% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $456,939.26 | 470,000 | BR113M3 |
| 0.28% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $455,919.38 | 459,000 | BVYL9V9 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $455,590.42 | 449,000 | BQ9D885 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $455,417.61 | 441,000 | BPLL6H5 |
| 0.28% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $452,545.86 | 448,000 | BV0YZ47 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $451,553.39 | 442,000 | BSKP420 |
| 0.28% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $451,528.94 | 433,000 | BP092P0 |
| 0.28% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $450,922.18 | 436,000 | BRC2671 |
| 0.28% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $450,088.21 | 611,000 | BM93J39 |
| 0.27% | -- | FIRST QUANTUM MINERALS L | 8.63% | 06/01/2031 | -- | $446,916.83 | 431,000 | BP488V1 |
| 0.27% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $439,439.18 | 435,000 | BP092B6 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $439,053.33 | 436,000 | BN95KZ1 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $437,991.97 | 443,000 | BMHBB51 |
| 0.27% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $435,782.63 | 419,000 | BNRPLW7 |
| 0.26% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $432,684.72 | 432,000 | BP4YGK4 |
| 0.26% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $424,758.11 | 413,000 | BV1C948 |
| 0.26% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $424,544.55 | 433,000 | BM9PWX6 |
| 0.26% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $422,520.84 | 420,000 | BSVLRC8 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $421,805.25 | 427,000 | BL54J73 |
| 0.26% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $420,543.95 | 442,000 | BMY8TS4 |
| 0.26% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $419,074.04 | 412,000 | BNRPV83 |
| 0.25% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $415,989.82 | 407,000 | BM8SW92 |
| 0.25% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $415,848.73 | 425,000 | BRS7WN8 |
| 0.25% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $413,831.45 | 408,000 | BQB88K0 |
| 0.25% | -- | PERFORMANCE FOOD GROUP I | 5.63% | 03/01/2034 | -- | $413,755.11 | 429,000 | BW1N539 |
| 0.25% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $412,730.08 | 409,000 | BVDKGL6 |
| 0.25% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $409,510.42 | 418,000 | BMW2F91 |
| 0.25% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $409,176.80 | 400,000 | BVBCQP8 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $408,106.92 | 393,000 | BMW2FL3 |
| 0.25% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $404,251.77 | 391,000 | BVMSGF5 |
| 0.25% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $403,117.09 | 391,000 | BMCGQM3 |
| 0.24% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $395,763.73 | 378,000 | BPBRSM2 |
| 0.24% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $393,357.63 | 393,000 | BRK14M1 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $393,208.12 | 422,000 | BP83D39 |
| 0.24% | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $391,918.33 | 391,000 | BN49RB3 |
| 0.24% | -- | COOPER-STANDARD AUTOMOTIVE INC CALLABLE NOTES FIXED 9.25% 01/MAR/2031 USD 1000 | -- | -- | -- | $391,654.23 | 411,000 | -- |
| 0.24% | -- | HOWDEN UK REFINANCE / US | 8.13% | 02/15/2032 | -- | $390,603.73 | 417,000 | BMCM256 |
| 0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $390,127.79 | 417,000 | BN6KWY2 |
| 0.24% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $388,988.13 | 452,000 | BP4Z8H8 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $388,934.87 | 382,000 | BRBDSH9 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $387,825.90 | 404,000 | BRT7X56 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $380,090.00 | 382,000 | BRBVMG0 |
| 0.23% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $375,492.07 | 371,000 | BMC94W8 |
| 0.22% | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $365,760.57 | 367,000 | BQT2NL0 |
| 0.22% | -- | OLYMPUS WTR US HLDG CORP | 6.75% | 08/01/2032 | -- | $363,782.95 | 382,000 | BVRTP89 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $362,961.05 | 349,000 | BMCMQL0 |
| 0.22% | -- | ESAB CORP CALLABLE NOTES FIXED 5.625% 01/APR/2031 USD 1000 | -- | -- | -- | $359,990.76 | 356,000 | -- |
| 0.22% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $358,357.41 | 367,000 | BSZ7DB3 |
| 0.22% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $354,582.85 | 367,000 | BNM5Z19 |
| 0.21% | -- | PG&E CORP | 6.85% | 09/15/2056 | -- | $349,652.35 | 354,000 | BTJYMV0 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $348,754.09 | 347,000 | BMXHQ92 |
| 0.21% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $344,516.81 | 333,000 | BR2NN28 |
| 0.21% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $343,473.57 | 338,000 | BR4XVS8 |
| 0.21% | -- | KODIAK GAS SERVICES LLC CALLABLE NOTES FIXED 5.875% 01/APR/2031 USD 1000 | -- | -- | -- | $337,609.65 | 335,000 | -- |
| 0.21% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $335,721.98 | 324,000 | BPK4CP5 |
| 0.20% | -- | ASURION LLC/ASURION CO | 8.38% | 02/01/2034 | -- | $332,326.94 | 343,000 | BTZRRR4 |
| 0.20% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $324,327.50 | 431,000 | BRPT5J4 |
| 0.20% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $323,699.69 | 312,000 | BMJ0LG7 |
| 0.19% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $307,350.98 | 331,000 | BSJQ190 |
| 0.19% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $306,032.32 | 325,000 | BSNMMD5 |
| 0.19% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $303,871.56 | 309,000 | BQT3JM6 |
| 0.19% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $302,544.33 | 313,000 | BQ68CL4 |
| 0.18% | -- | AECOM | 6.00% | 08/01/2033 | -- | $295,712.91 | 297,000 | BV2CGD5 |
| 0.18% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $286,840.11 | 287,000 | BMD14K1 |
| 0.17% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $271,828.28 | 266,000 | BSNZ6B0 |
| 0.16% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $254,211.62 | 255,000 | BQ2KRD1 |
| 0.15% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $248,852.50 | 589,000 | BP9LWV3 |
| 0.15% | -- | FAIR ISAAC CORP CALLABLE NOTES FIXED 6.25% 15/SEP/2034 USD 1000 | -- | -- | -- | $244,470.96 | 248,000 | -- |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $234,399.90 | 235,000 | BN765Z1 |
| 0.14% | -- | SM ENERGY CO CALLABLE NOTES FIXED 6.625% 15/APR/2034 USD 1000 | -- | -- | -- | $226,662.18 | 226,000 | -- |
| 0.13% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $214,507.77 | 233,000 | BMD9BZ9 |
| 0.13% | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $209,490.80 | 200,000 | BSML716 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $205,285.73 | 202,000 | BSD6D23 |
| 0.12% | -- | UNITED AIRLINES HOLDINGS | 5.38% | 03/01/2031 | -- | $196,840.84 | 201,000 | BW46M90 |
| 0.12% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $191,700.00 | 710,000 | BPGM651 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $190,011.84 | 183,000 | BPK4TG5 |
| 0.11% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $175,278.81 | 188,000 | BQ3QRD8 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $139,651.02 | 135,000 | BNKBFF3 |
| 0.08% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $132,742.87 | 224,000 | BMY0HH5 |
| 0.07% | -- | SUNOCO LP CALLABLE NOTES FIXED 5.625% 15/MAR/2031 USD 1000 | -- | -- | -- | $108,714.42 | 109,000 | -- |
| 0.07% | -- | ALBERTSONS COS INC | 5.63% | 03/31/2032 | -- | $108,273.02 | 110,000 | BRBNWB1 |
| 0.06% | -- | ADT SEC CORP | 4.13% | 08/01/2029 | -- | $103,280.23 | 108,000 | BNZKRX7 |
| 0.05% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $78,840.26 | 80,000 | BS88ZW8 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,201.64 | 13,000 | BPH25H5 |
| -12.98% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2026 TYM6 COMDTY | -- | -- | -21,209,953 | -- | -191 | -- |
| -35.55% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2026 TUM6 COMDTY | -- | -- | -58,084,687 | -- | -280 | -- |
| -51.24% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2026 FVM6 COMDTY | -- | -- | -83,731,079 | -- | -774 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,762,708.74 | 6,762,709 | -- |
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