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 1/31/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.71% | 1.92% | 3.33% | 0.71% | 5.14% | 9.62% | 7.02% | 6.79% | 4.15% | 05/21/2013 |
| HYHG Market Price | 1.09% | 1.77% | 3.75% | 1.09% | 5.22% | 9.74% | 7.14% | 6.91% | 4.19% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.89% | 2.00% | 3.54% | 0.89% | 5.72% | 10.08% | 7.42% | 7.42% | 4.84% | -- |
| 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 1/30/2026- Number of Companies 235
- Net Effective Duration -0.01452
Price
as of 2/19/2026- NAV $64.43
- NAV Change $+0.00
- Market Price $64.77
- Market Price Change $+0.20
- Trading Volume (M) 14,623
- 30-Day Median Bid Ask Spread 0.36%
- View Premium / Discount
Distributions
as of 1/30/2026- Distribution Frequency Monthly
- SEC 30-Day Yield 6.27%
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 6.93%
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 1/30/2026- Number of Companies 235
- Net Effective Duration -0.01452
Price
as of 2/19/2026- NAV $64.43
- NAV Change $+0.00
- Market Price $64.77
- Market Price Change $+0.20
- Trading Volume (M) 14,623
- 30-Day Median Bid Ask Spread 0.36%
- View Premium / Discount
Distributions
as of 1/30/2026- Distribution Frequency Monthly
- SEC 30-Day Yield 6.27%
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 6.93%
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 2/19/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.54% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,485,654.16 | 2,385,000 | BPH26F0 |
| 1.53% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,465,199.59 | 2,371,000 | BS9G792 |
| 1.17% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,880,172.42 | 1,806,000 | BV4K8M0 |
| 1.15% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,845,418.68 | 1,743,000 | BW5ZMJ6 |
| 1.11% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,785,863.27 | 1,802,000 | BN2QTP4 |
| 1.10% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,768,305.50 | 1,618,000 | BR54DP1 |
| 1.03% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,651,795.52 | 1,592,000 | BT7MYF4 |
| 0.90% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,451,169.40 | 1,385,000 | BP6GPK1 |
| 0.88% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,418,546.40 | 1,402,000 | BM8H783 |
| 0.86% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,379,076.60 | 1,338,000 | BQ67HZ0 |
| 0.84% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,349,283.69 | 1,245,000 | BP2F579 |
| 0.83% | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,337,984.56 | 1,861,000 | BTPF2W8 |
| 0.81% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,305,489.71 | 1,283,000 | BS2FMQ8 |
| 0.81% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,302,139.81 | 1,254,000 | BVDKGM7 |
| 0.81% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,301,861.86 | 1,264,000 | BNM6H94 |
| 0.79% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,273,778.75 | 1,250,000 | BRXZ215 |
| 0.79% | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $1,273,324.65 | 1,207,000 | BNBV5N0 |
| 0.79% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,265,183.03 | 1,219,000 | BQB9NW0 |
| 0.77% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,243,611.38 | 1,210,000 | BNZG7Q8 |
| 0.75% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,214,931.63 | 1,179,000 | BSHT8Y5 |
| 0.75% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,209,884.30 | 1,223,000 | BMVXSB8 |
| 0.75% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,209,810.00 | 1,176,000 | BSTKQX1 |
| 0.74% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,188,753.90 | 1,154,000 | BRK4301 |
| 0.72% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,161,342.42 | 1,096,000 | BV5GRT7 |
| 0.72% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,156,230.53 | 1,170,000 | BRJQLF9 |
| 0.70% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,135,228.74 | 1,074,000 | BRSF6F2 |
| 0.70% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,120,004.76 | 1,145,000 | BMBJVY0 |
| 0.68% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,102,345.48 | 1,073,000 | BV6KVR4 |
| 0.68% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,097,256.03 | 1,091,000 | BQKN5B6 |
| 0.65% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,054,887.31 | 1,068,000 | BVF9138 |
| 0.65% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,054,160.51 | 1,038,000 | BM8K6S5 |
| 0.65% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,052,356.93 | 1,037,000 | BV4FWX4 |
| 0.65% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,044,784.00 | 1,000,000 | BT7HWD3 |
| 0.65% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,039,491.96 | 1,019,000 | BV99DS3 |
| 0.64% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,032,652.80 | 996,000 | BPLP3M1 |
| 0.64% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,029,024.00 | 1,000,000 | BW2K4P4 |
| 0.63% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,014,389.00 | 1,000,000 | BVBFJZ8 |
| 0.63% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,014,130.60 | 1,168,000 | BMVZMH8 |
| 0.62% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $997,845.36 | 930,000 | BQ80PR5 |
| 0.62% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $996,320.12 | 945,000 | BQ2KRF3 |
| 0.62% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $991,056.37 | 1,006,000 | BS2FZM5 |
| 0.61% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $977,188.74 | 977,000 | BMWDGR9 |
| 0.60% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $970,715.82 | 929,000 | BT7HYL5 |
| 0.60% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $964,886.45 | 937,000 | BQMJ1N6 |
| 0.59% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $951,010.66 | 988,000 | BS89C64 |
| 0.58% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $938,264.46 | 901,000 | BLC8Z03 |
| 0.56% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $903,931.38 | 941,000 | BN7SNC0 |
| 0.54% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $877,753.72 | 868,000 | BM9YJB0 |
| 0.54% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $862,626.81 | 835,000 | BS6V604 |
| 0.53% | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $858,541.40 | 951,000 | BRJHSK6 |
| 0.53% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $854,391.89 | 827,000 | BRXCZB7 |
| 0.53% | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $852,778.93 | 812,000 | BVMR221 |
| 0.52% | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $832,655.54 | 798,000 | BP9MC16 |
| 0.52% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $830,756.30 | 798,000 | BS6S7M4 |
| 0.51% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $820,017.70 | 799,000 | BNDQTF3 |
| 0.50% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $812,924.17 | 826,000 | BJNPGH3 |
| 0.50% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $810,856.59 | 800,000 | BVK50T0 |
| 0.50% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $806,478.16 | 782,000 | BM8K1F7 |
| 0.49% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $794,365.55 | 793,000 | BPVDS42 |
| 0.49% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $790,366.65 | 772,000 | BNTZ4D7 |
| 0.48% | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $775,325.04 | 735,000 | BRT75V6 |
| 0.48% | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $775,182.75 | 750,000 | BVK6BT0 |
| 0.48% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $770,464.60 | 726,000 | BRQPKY1 |
| 0.48% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $765,700.96 | 742,000 | BTTRMX1 |
| 0.48% | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $765,675.75 | 750,000 | BS84Y29 |
| 0.47% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $753,565.63 | 748,000 | BQ1PCD2 |
| 0.47% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $751,936.78 | 737,000 | BPW9BQ2 |
| 0.46% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $741,859.63 | 724,000 | BNRNCC8 |
| 0.46% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $735,285.95 | 805,000 | BMBVFS8 |
| 0.46% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $734,892.78 | 690,000 | BVK4MV3 |
| 0.45% | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $720,015.55 | 737,353 | BT68Y19 |
| 0.45% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $717,521.73 | 704,000 | BVBFJY7 |
| 0.44% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $716,592.20 | 685,000 | BSNQ215 |
| 0.44% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $713,086.20 | 675,000 | BNQQSS6 |
| 0.44% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $707,217.63 | 682,000 | BMF9C65 |
| 0.44% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $702,895.23 | 697,000 | BMZBL86 |
| 0.43% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $694,698.44 | 695,000 | BTPH0K8 |
| 0.43% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $687,211.07 | 674,000 | BR886L7 |
| 0.43% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $687,150.16 | 767,000 | BMV1L02 |
| 0.42% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $677,533.95 | 675,000 | BVMS268 |
| 0.42% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $676,653.89 | 649,000 | BTCK903 |
| 0.41% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $667,028.67 | 677,000 | BMV1LQ8 |
| 0.40% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $639,218.02 | 665,000 | BPVBYZ9 |
| 0.39% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $635,245.77 | 613,000 | BP946X2 |
| 0.39% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $634,850.55 | 711,000 | BM94BT2 |
| 0.39% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $634,533.29 | 617,000 | BLB3TG3 |
| 0.39% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $632,561.58 | 601,000 | BPG27W5 |
| 0.39% | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $629,715.51 | 638,000 | BTFHQJ9 |
| 0.39% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $627,874.12 | 607,000 | BQXJKM7 |
| 0.38% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $616,143.99 | 602,000 | BQTWXH6 |
| 0.38% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $609,761.27 | 749,000 | BNNPV76 |
| 0.37% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $601,107.83 | 581,000 | BPX27Q2 |
| 0.37% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $599,282.44 | 594,000 | BNHS096 |
| 0.37% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $591,992.34 | 548,000 | BTCCGD1 |
| 0.36% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $580,800.08 | 546,000 | BT3NFD6 |
| 0.36% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $572,934.50 | 543,000 | BRBCTZ1 |
| 0.35% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $571,325.30 | 579,000 | BMVXP62 |
| 0.35% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $567,130.29 | 792,000 | BRBCV11 |
| 0.35% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $565,505.01 | 630,000 | BP7LR98 |
| 0.35% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $563,955.25 | 556,000 | BQB7JV5 |
| 0.35% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $562,322.39 | 528,000 | BLDCTF7 |
| 0.34% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $552,844.65 | 576,000 | BS84LN9 |
| 0.34% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $548,604.00 | 525,000 | BTJS1V5 |
| 0.34% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $541,629.88 | 550,000 | BNW2059 |
| 0.34% | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $540,184.00 | 500,000 | BTWWV25 |
| 0.34% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $539,829.35 | 505,000 | BRCDDH3 |
| 0.33% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $537,765.05 | 536,000 | BVBG0S1 |
| 0.33% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $537,498.86 | 563,000 | BS3BCF4 |
| 0.33% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $528,679.17 | 530,000 | BTXQV60 |
| 0.33% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $525,006.05 | 529,000 | BMW2W01 |
| 0.33% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $523,592.50 | 500,000 | BMGDND0 |
| 0.32% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $522,887.30 | 511,000 | BLDCF37 |
| 0.32% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $522,188.55 | 542,000 | BLDBLN6 |
| 0.32% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $521,272.50 | 500,000 | BS9C5X0 |
| 0.32% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $514,896.92 | 473,000 | BR1H4Z1 |
| 0.32% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $514,238.85 | 719,000 | BMWT6D3 |
| 0.32% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $513,944.50 | 500,000 | BMVXP51 |
| 0.32% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $511,474.21 | 485,000 | BVK4BV6 |
| 0.32% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $510,360.35 | 497,000 | BRZWYJ6 |
| 0.31% | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $506,300.00 | 488,000 | BR55K64 |
| 0.31% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $504,938.62 | 495,000 | BN6MM59 |
| 0.31% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $504,704.07 | 515,000 | BNHT925 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $504,693.50 | 500,000 | BTGTPC0 |
| 0.31% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $503,811.11 | 501,000 | BN6JYJ8 |
| 0.31% | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $503,762.50 | 500,000 | BQ689G8 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $503,215.95 | 517,000 | BLC9L19 |
| 0.31% | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $502,332.00 | 500,000 | BSSBTZ8 |
| 0.31% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $500,574.14 | 489,000 | BT3CPW2 |
| 0.31% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $498,681.20 | 486,000 | BQT2NG5 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $497,985.28 | 534,000 | BKPJT48 |
| 0.31% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $496,120.10 | 500,000 | BSJQ190 |
| 0.31% | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $495,302.30 | 500,000 | BL9XM77 |
| 0.31% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $493,893.88 | 496,000 | BNTBJ41 |
| 0.30% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $488,868.16 | 496,000 | BT9NKJ1 |
| 0.30% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $488,110.74 | 467,000 | BV8DHB7 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $485,291.25 | 450,000 | BR1YSV6 |
| 0.30% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $482,698.70 | 483,000 | BM8H4Y8 |
| 0.30% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $478,822.81 | 464,000 | BQKRVC1 |
| 0.30% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $478,526.50 | 495,000 | BMH29D8 |
| 0.30% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $477,480.89 | 466,000 | BTTRLD4 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $474,393.54 | 467,000 | BMCGQ56 |
| 0.29% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $472,630.50 | 450,000 | BP5JP78 |
| 0.29% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $472,210.62 | 611,000 | BM93J39 |
| 0.29% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $471,033.98 | 446,000 | BMGC188 |
| 0.29% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $469,831.37 | 437,000 | BS88506 |
| 0.29% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $469,759.62 | 490,000 | BNKLFF3 |
| 0.29% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $468,730.51 | 461,000 | BP812N6 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $468,306.45 | 450,000 | BR53N25 |
| 0.29% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $464,536.97 | 550,000 | BV2JDH9 |
| 0.29% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $464,258.01 | 467,000 | BT7JWZ1 |
| 0.29% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $463,795.14 | 448,000 | BV0YZ47 |
| 0.29% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $461,706.27 | 441,000 | BPLL6H5 |
| 0.29% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $460,815.70 | 426,000 | BMZMHS1 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $458,789.26 | 492,000 | BPLFC68 |
| 0.28% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $456,003.99 | 433,000 | BP092P0 |
| 0.28% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $455,882.48 | 436,000 | BRC2671 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $452,767.11 | 449,000 | BQ9D885 |
| 0.28% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $452,416.10 | 435,000 | BP092B6 |
| 0.28% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $444,305.09 | 432,000 | BP4YGK4 |
| 0.27% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $442,061.16 | 413,000 | BV1C948 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $441,782.03 | 436,000 | BN95KZ1 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $441,433.86 | 443,000 | BMHBB51 |
| 0.27% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $440,203.95 | 459,000 | BMT7QC9 |
| 0.27% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $439,484.91 | 419,000 | BNRPLW7 |
| 0.27% | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $437,612.66 | 427,000 | BV3PLR2 |
| 0.27% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $432,694.05 | 427,000 | BL54J73 |
| 0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $432,310.79 | 433,000 | BM9PWX6 |
| 0.27% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $429,409.18 | 412,000 | BNRPV83 |
| 0.27% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $429,203.46 | 420,000 | BSVLRC8 |
| 0.26% | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $425,865.30 | 425,000 | BRS7WN8 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $422,647.44 | 452,000 | BP4Z8H8 |
| 0.26% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $421,004.59 | 408,000 | BQB88K0 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $420,711.83 | 407,000 | BM8SW92 |
| 0.26% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $420,328.89 | 409,000 | BVDKGL6 |
| 0.26% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $418,096.14 | 418,000 | BMW2F91 |
| 0.26% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $413,124.74 | 391,000 | BMCGQM3 |
| 0.26% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $413,109.81 | 393,000 | BMW2FL3 |
| 0.25% | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $410,536.40 | 400,000 | BVBCQP8 |
| 0.25% | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $409,440.04 | 391,000 | BVMSGF5 |
| 0.25% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $408,788.53 | 422,000 | BP83D39 |
| 0.25% | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $400,062.16 | 378,000 | BPBRSM2 |
| 0.25% | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $397,607.12 | 391,000 | BN49RB3 |
| 0.25% | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $397,599.69 | 391,000 | BTFHSL5 |
| 0.25% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $395,656.12 | 382,000 | BRBDSH9 |
| 0.25% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $395,456.70 | 417,000 | BN6KWY2 |
| 0.24% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $393,243.30 | 404,000 | BRT7X56 |
| 0.24% | -- | SM ENERGY CO | 8.38% | 07/01/2028 | -- | $388,906.95 | 376,000 | BRT7527 |
| 0.24% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $386,903.65 | 391,000 | BN0ZRZ9 |
| 0.24% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $383,201.08 | 371,000 | BMC94W8 |
| 0.24% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $382,229.20 | 382,000 | BRBVMG0 |
| 0.24% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $380,936.21 | 382,000 | BVRTP89 |
| 0.23% | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $374,406.48 | 367,000 | BQT2NL0 |
| 0.23% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $371,582.72 | 392,000 | BMY8TS4 |
| 0.23% | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $367,195.24 | 367,000 | BSZ7DB3 |
| 0.23% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $365,393.43 | 357,000 | BVMDN60 |
| 0.23% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $364,297.75 | 393,591 | BMDB423 |
| 0.22% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $361,865.12 | 367,000 | BNM5Z19 |
| 0.22% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $359,038.05 | 345,000 | BVZMLG0 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $358,773.05 | 349,000 | BMCMQL0 |
| 0.22% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $358,539.33 | 392,000 | BMXHJH1 |
| 0.22% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $355,520.00 | 581,000 | BMY0HH5 |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $355,058.17 | 343,000 | BP091F3 |
| 0.22% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $353,420.00 | 431,000 | BRPT5J4 |
| 0.22% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $352,919.56 | 343,000 | BRK14M1 |
| 0.22% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $351,270.20 | 347,000 | BMXHQ92 |
| 0.22% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $347,907.12 | 338,000 | BR4XVS8 |
| 0.21% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $339,407.82 | 324,000 | BPK4CP5 |
| 0.21% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $336,766.25 | 312,000 | BMJ0LG7 |
| 0.21% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $334,536.51 | 485,000 | BMH8323 |
| 0.20% | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $325,968.95 | 324,000 | BR113M3 |
| 0.20% | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $322,530.03 | 325,000 | BSNMMD5 |
| 0.20% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $315,747.20 | 313,000 | BQ68CL4 |
| 0.20% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $315,715.92 | 400,000 | BNQPRV9 |
| 0.19% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $312,364.39 | 309,000 | BQT3JM6 |
| 0.19% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $300,604.14 | 290,000 | BVF9246 |
| 0.18% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $297,019.02 | 283,000 | BR2NN28 |
| 0.18% | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $296,757.21 | 293,000 | BSKP420 |
| 0.18% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $295,279.08 | 300,000 | BVSYM93 |
| 0.18% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $287,054.82 | 287,000 | BMD14K1 |
| 0.18% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $285,970.11 | 284,000 | BPP2DX9 |
| 0.16% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $260,159.16 | 255,000 | BQ2KRD1 |
| 0.16% | -- | AECOM | 6.00% | 08/01/2033 | -- | $251,969.03 | 247,000 | BV2CGD5 |
| 0.15% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $235,572.23 | 235,000 | BN765Z1 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $222,505.87 | 233,000 | BMD9BZ9 |
| 0.13% | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $208,536.11 | 202,000 | BSD6D23 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $191,661.21 | 183,000 | BPK4TG5 |
| 0.12% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $188,921.01 | 188,000 | BQ3QRD8 |
| 0.12% | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $185,537.31 | 181,000 | BS88ZW8 |
| 0.11% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $183,636.81 | 301,000 | BP9LWV3 |
| 0.11% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $176,206.65 | 166,000 | BSNZ6B0 |
| 0.10% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $162,798.87 | 177,000 | BM9SD09 |
| 0.09% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $152,513.10 | 572,000 | BPGM651 |
| 0.09% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $141,625.80 | 135,000 | BNKBFF3 |
| 0.07% | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $105,213.80 | 100,000 | BSML716 |
| 0.01% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,558.81 | 13,000 | BPH25H5 |
| -10.87% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2026 TYH6 COMDTY | -- | -- | -17,510,156 | -- | -155 | -- |
| -35.62% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2026 TUH6 COMDTY | -- | -- | -57,376,172 | -- | -275 | -- |
| -46.49% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2026 FVH6 COMDTY | -- | -- | -74,898,000 | -- | -684 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $9,115,528.85 | 9,115,529 | -- |
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