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 2/27/2026- NAV $64.00
- NAV Change $-0.28
- Market Price $64.14
- Market Price Change $-0.27
- Trading Volume (M) 8,983
- 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 2/27/2026- NAV $64.00
- NAV Change $-0.28
- Market Price $64.14
- Market Price Change $-0.27
- Trading Volume (M) 8,983
- 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 2/27/2026
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| -- | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $2,561,035.26 | 2,471,000 | BS9G792 |
| -- | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,478,186.72 | 2,385,000 | BPH26F0 |
| -- | -- | ASURION LLC/ASURION CO | 8.00% | 12/31/2032 | -- | $2,423,880.92 | 2,308,000 | BNBV5N0 |
| -- | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,069,756.90 | 1,895,000 | BR54DP1 |
| -- | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,031,999.14 | 2,071,000 | BN2QTP4 |
| 1.14% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,870,329.72 | 1,806,000 | BV4K8M0 |
| -- | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,845,897.87 | 1,743,000 | BW5ZMJ6 |
| -- | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,652,115.51 | 1,592,000 | BT7MYF4 |
| -- | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,363,850.16 | 1,338,000 | BQ67HZ0 |
| -- | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,343,431.66 | 1,242,000 | BP2F579 |
| -- | -- | DISCOVERY HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,335,267.50 | 1,861,000 | BTPF2W8 |
| -- | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,305,392.20 | 1,283,000 | BS2FMQ8 |
| -- | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,298,301.17 | 1,264,000 | BNM6H94 |
| -- | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,295,744.78 | 1,254,000 | BVDKGM7 |
| -- | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,278,342.50 | 1,250,000 | BRXZ215 |
| -- | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,214,098.83 | 1,179,000 | BSHT8Y5 |
| -- | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,213,825.42 | 1,223,000 | BMVXSB8 |
| -- | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2030 | -- | $1,203,930.00 | 1,176,000 | BSTKQX1 |
| -- | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,182,127.98 | 1,154,000 | BRK4301 |
| -- | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,158,606.81 | 1,096,000 | BV5GRT7 |
| -- | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,152,945.12 | 1,140,000 | BM8H783 |
| -- | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,140,199.52 | 1,170,000 | BRJQLF9 |
| -- | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,130,897.30 | 1,074,000 | BRSF6F2 |
| -- | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,101,006.37 | 1,073,000 | BV6KVR4 |
| -- | -- | APLD COMPUTECO LLC | 9.25% | 12/15/2030 | -- | $1,099,285.45 | 1,047,000 | BVMR221 |
| -- | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,092,910.85 | 1,091,000 | BQKN5B6 |
| -- | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,054,261.67 | 1,038,000 | BM8K6S5 |
| -- | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $1,053,743.40 | 1,037,000 | BV4FWX4 |
| -- | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,046,360.32 | 1,068,000 | BVF9138 |
| -- | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,039,960.83 | 1,019,000 | BV99DS3 |
| -- | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,030,842.07 | 996,000 | BPLP3M1 |
| -- | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,028,765.80 | 1,000,000 | BW2K4P4 |
| -- | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,027,097.00 | 1,000,000 | BT7HWD3 |
| -- | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $1,017,409.18 | 1,168,000 | BMVZMH8 |
| -- | -- | SV RNO PROPERTY OWNER 1 LLC CALLABLE NOTES FIXED 5.875% 01/MAR/2031 USD 1000 | -- | -- | -- | $1,007,660.00 | 1,000,000 | -- |
| -- | -- | ALBERTSONS COS INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC CALLABLE NOTES FIXED 5.75% 31/MAR/2034 USD 1000 | -- | -- | -- | $999,160.00 | 1,000,000 | -- |
| -- | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $993,975.57 | 945,000 | BQ2KRF3 |
| -- | -- | UKG INC | 6.88% | 02/01/2031 | -- | $977,030.43 | 1,006,000 | BS2FZM5 |
| -- | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $976,997.95 | 977,000 | BMWDGR9 |
| 0.59% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $963,889.09 | 937,000 | BQMJ1N6 |
| -- | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $962,068.12 | 929,000 | BT7HYL5 |
| -- | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $936,089.47 | 901,000 | BLC8Z03 |
| -- | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $928,775.94 | 866,000 | BQ80PR5 |
| -- | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $926,971.33 | 901,000 | BNZG7Q8 |
| -- | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $920,316.80 | 889,000 | BQB9NW0 |
| -- | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $910,356.96 | 988,000 | BS89C64 |
| -- | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $890,459.50 | 875,000 | BVBFJY7 |
| -- | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $889,331.34 | 1,001,000 | BM94BT2 |
| -- | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $888,374.10 | 941,000 | BN7SNC0 |
| -- | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $874,395.42 | 868,000 | BM9YJB0 |
| -- | -- | DISCOVERY HOLDINGS INC | 4.28% | 03/15/2032 | -- | $872,542.50 | 951,000 | BRJHSK6 |
| -- | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $859,085.65 | 880,000 | BMBJVY0 |
| -- | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $856,126.34 | 835,000 | BS6V604 |
| -- | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $842,445.29 | 827,000 | BRXCZB7 |
| -- | -- | CIPHER COMPUTE LLC | 7.13% | 11/15/2030 | -- | $831,542.14 | 798,000 | BP9MC16 |
| -- | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $830,433.26 | 846,000 | BMV1LQ8 |
| -- | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $828,458.06 | 798,000 | BS6S7M4 |
| -- | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $813,487.47 | 799,000 | BNDQTF3 |
| -- | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $811,900.98 | 826,000 | BJNPGH3 |
| -- | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $808,734.07 | 800,000 | BVK50T0 |
| -- | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $803,246.94 | 782,000 | BM8K1F7 |
| -- | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $794,836.59 | 793,000 | BPVDS42 |
| -- | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $784,501.00 | 772,000 | BNTZ4D7 |
| -- | -- | VOLTAGRID LLC | 7.38% | 11/01/2030 | -- | $783,583.50 | 750,000 | BVK6BT0 |
| -- | -- | SM ENERGY CO | 8.75% | 07/01/2031 | -- | $771,622.85 | 735,000 | BRT75V6 |
| -- | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $770,330.29 | 726,000 | BRQPKY1 |
| -- | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $768,093.11 | 1,078,000 | BRBCV11 |
| -- | -- | COMMERCIAL METALS CO | 5.75% | 11/15/2033 | -- | $765,198.75 | 750,000 | BS84Y29 |
| -- | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $763,592.20 | 742,000 | BTTRMX1 |
| -- | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $751,705.36 | 737,000 | BPW9BQ2 |
| -- | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $748,040.54 | 748,000 | BQ1PCD2 |
| -- | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $736,791.66 | 690,000 | BVK4MV3 |
| -- | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $736,700.06 | 805,000 | BMBVFS8 |
| -- | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $732,586.64 | 724,000 | BNRNCC8 |
| -- | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $716,388.07 | 685,000 | BSNQ215 |
| -- | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $713,354.85 | 675,000 | BNQQSS6 |
| -- | -- | ALTICE FRANCE SA | 6.50% | 04/15/2032 | -- | $706,167.38 | 737,353 | BT68Y19 |
| -- | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $702,931.94 | 682,000 | BMF9C65 |
| -- | -- | ARDAGH GROUP SA | 9.50% | 12/01/2030 | -- | $696,299.08 | 642,000 | BTWWV25 |
| -- | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $687,482.70 | 674,000 | BR886L7 |
| -- | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $686,269.62 | 695,000 | BTPH0K8 |
| -- | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $682,218.25 | 697,000 | BMZBL86 |
| -- | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $681,262.52 | 767,000 | BMV1L02 |
| -- | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $677,901.59 | 649,000 | BTCK903 |
| -- | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $671,901.41 | 675,000 | BVMS268 |
| -- | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $653,711.24 | 799,000 | BNNPV76 |
| -- | -- | FIRST QUANTUM MINERALS LTD CALLABLE NOTES FIXED 6.375% 15/FEB/2036 USD 1000 | -- | -- | -- | $644,716.80 | 640,000 | -- |
| -- | -- | UNITED AIRLINES HOLDINGS INC CALLABLE NOTES FIXED 4.875% 01/MAR/2029 USD 1000 | -- | -- | -- | $643,824.94 | 638,000 | -- |
| -- | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $643,534.84 | 628,000 | BVMDN60 |
| -- | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $639,385.53 | 665,000 | BPVBYZ9 |
| -- | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $638,286.25 | 613,000 | BP946X2 |
| -- | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $633,225.82 | 617,000 | BLB3TG3 |
| -- | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $630,258.48 | 601,000 | BPG27W5 |
| -- | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $628,232.25 | 607,000 | BQXJKM7 |
| -- | -- | NATIONAL MENTOR HOLDINGS | 10.50% | 12/15/2030 | -- | $627,623.14 | 630,000 | BV3PLR2 |
| -- | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $620,806.21 | 629,000 | BMVXP62 |
| -- | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $620,397.72 | 602,000 | BQTWXH6 |
| -- | -- | SABRE FINANCIAL BORROWER | 11.13% | 06/15/2029 | -- | $614,965.46 | 638,000 | BTFHQJ9 |
| -- | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $598,177.01 | 594,000 | BNHS096 |
| -- | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $595,756.10 | 581,000 | BPX27Q2 |
| -- | -- | POST HOLDINGS INC | 6.50% | 03/15/2036 | -- | $594,802.26 | 585,000 | BTFHSL5 |
| -- | -- | BLACK PEARL COMPUTE LLC CALLABLE NOTES FIXED 6.125% 15/FEB/2031 USD 1000 | -- | -- | -- | $594,224.46 | 578,000 | -- |
| -- | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $586,516.91 | 548,000 | BTCCGD1 |
| -- | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $583,551.58 | 566,000 | BVF9246 |
| -- | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $579,681.65 | 546,000 | BT3NFD6 |
| -- | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $569,097.12 | 543,000 | BRBCTZ1 |
| -- | -- | HILTON DOMESTIC OPERATIN | 5.50% | 03/31/2034 | -- | $565,962.88 | 560,000 | BTGTPC0 |
| -- | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $563,877.38 | 550,000 | BMVXP51 |
| -- | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $562,070.41 | 556,000 | BQB7JV5 |
| -- | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $560,942.45 | 528,000 | BLDCTF7 |
| -- | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $560,764.76 | 630,000 | BP7LR98 |
| -- | -- | GFL ENVIRONMENTAL HOL | 5.50% | 02/01/2034 | -- | $551,991.00 | 550,000 | BSSBTZ8 |
| -- | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $549,916.50 | 525,000 | BTJS1V5 |
| -- | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $542,241.73 | 505,000 | BRCDDH3 |
| -- | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $540,736.90 | 550,000 | BNW2059 |
| -- | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $537,212.14 | 536,000 | BVBG0S1 |
| -- | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $530,937.22 | 576,000 | BS84LN9 |
| -- | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $527,937.56 | 530,000 | BTXQV60 |
| -- | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $527,165.32 | 529,000 | BMW2W01 |
| -- | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $525,741.11 | 563,000 | BS3BCF4 |
| -- | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $523,788.00 | 500,000 | BS9C5X0 |
| -- | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $523,591.00 | 500,000 | BMGDND0 |
| -- | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $519,880.71 | 511,000 | BLDCF37 |
| -- | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $519,209.80 | 542,000 | BLDBLN6 |
| -- | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $513,748.00 | 473,000 | BR1H4Z1 |
| -- | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $511,161.02 | 497,000 | BRZWYJ6 |
| -- | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $510,687.54 | 485,000 | BVK4BV6 |
| -- | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $509,229.84 | 492,000 | BVZMLG0 |
| -- | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $506,836.50 | 500,000 | BVBFJZ8 |
| -- | -- | BAUSCH + LOMB CORP | 8.38% | 10/01/2028 | -- | $505,690.00 | 488,000 | BR55K64 |
| -- | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $504,585.51 | 522,000 | BVSYM93 |
| -- | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $502,263.56 | 517,000 | BLC9L19 |
| -- | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $498,781.47 | 719,000 | BMWT6D3 |
| -- | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $497,948.72 | 495,000 | BN6MM59 |
| -- | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $497,640.14 | 489,000 | BT3CPW2 |
| -- | -- | ONEMAIN FINANCE CORP | 6.75% | 09/15/2033 | -- | $496,891.78 | 500,000 | BQ689G8 |
| -- | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $495,055.64 | 486,000 | BQT2NG5 |
| -- | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $494,448.31 | 496,000 | BNTBJ41 |
| -- | -- | NEPTUNE BIDCO US INC | 9.50% | 02/15/2033 | -- | $488,412.80 | 500,000 | BL9XM77 |
| -- | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $488,248.99 | 467,000 | BV8DHB7 |
| -- | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $483,771.02 | 450,000 | BR1YSV6 |
| -- | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $482,183.68 | 483,000 | BM8H4Y8 |
| -- | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $481,340.62 | 495,000 | BMH29D8 |
| -- | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $481,024.22 | 611,000 | BM93J39 |
| -- | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $479,979.70 | 466,000 | BTTRLD4 |
| -- | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $478,740.35 | 464,000 | BQKRVC1 |
| -- | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $477,842.78 | 496,000 | BT9NKJ1 |
| -- | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $473,198.02 | 467,000 | BMCGQ56 |
| -- | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $472,258.14 | 450,000 | BP5JP78 |
| -- | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $469,216.40 | 461,000 | BP812N6 |
| -- | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $469,122.87 | 446,000 | BMGC188 |
| -- | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $468,339.89 | 437,000 | BS88506 |
| -- | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $467,647.87 | 490,000 | BNKLFF3 |
| -- | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $466,632.00 | 450,000 | BR53N25 |
| -- | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $463,926.63 | 492,000 | BPLFC68 |
| -- | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $463,768.26 | 448,000 | BV0YZ47 |
| -- | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $462,514.14 | 467,000 | BT7JWZ1 |
| -- | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $461,168.25 | 441,000 | BPLL6H5 |
| -- | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $460,070.20 | 426,000 | BMZMHS1 |
| -- | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $455,496.52 | 433,000 | BP092P0 |
| -- | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $455,258.12 | 436,000 | BRC2671 |
| -- | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $454,125.50 | 449,000 | BQ9D885 |
| -- | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $451,906.28 | 435,000 | BP092B6 |
| -- | -- | CRESCENT ENERGY FINANCE | 7.88% | 04/15/2032 | -- | $450,279.10 | 442,000 | BSKP420 |
| -- | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $443,442.25 | 432,000 | BP4YGK4 |
| -- | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $441,548.82 | 459,000 | BMT7QC9 |
| -- | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $441,536.33 | 436,000 | BN95KZ1 |
| -- | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $441,276.29 | 443,000 | BMHBB51 |
| -- | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $440,114.68 | 550,000 | BV2JDH9 |
| -- | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $439,667.59 | 419,000 | BNRPLW7 |
| -- | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $436,752.04 | 413,000 | BV1C948 |
| -- | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $432,243.56 | 427,000 | BL54J73 |
| -- | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $431,938.33 | 433,000 | BM9PWX6 |
| -- | -- | PERFORMANCE FOOD GROUP INC CALLABLE NOTES FIXED 5.625% 01/MAR/2034 USD 1000 | -- | -- | -- | $431,247.96 | 429,000 | -- |
| -- | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $430,325.76 | 412,000 | BNRPV83 |
| -- | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $429,212.28 | 420,000 | BSVLRC8 |
| -- | -- | SURGERY CENTER HOLDINGS | 7.25% | 04/15/2032 | -- | $425,081.60 | 425,000 | BRS7WN8 |
| -- | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $420,640.25 | 408,000 | BQB88K0 |
| -- | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $420,570.60 | 407,000 | BM8SW92 |
| -- | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $420,514.13 | 452,000 | BP4Z8H8 |
| -- | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $419,805.76 | 418,000 | BMW2F91 |
| -- | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $419,652.81 | 409,000 | BVDKGL6 |
| -- | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $413,087.20 | 391,000 | BMCGQM3 |
| -- | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $411,168.34 | 393,000 | BMW2FL3 |
| -- | -- | VERSANT MEDIA GROUP INC | 7.25% | 01/30/2031 | -- | $409,336.00 | 400,000 | BVBCQP8 |
| -- | -- | TKC HOLDINGS INC CALLABLE NOTES FIXED 8.5% 15/AUG/2030 USD 1000 | -- | -- | -- | $408,931.11 | 399,000 | -- |
| -- | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $407,640.42 | 442,000 | BMY8TS4 |
| -- | -- | UNITI SERVICES LLC | 7.50% | 10/15/2033 | -- | $406,823.38 | 391,000 | BVMSGF5 |
| -- | -- | HOWDEN UK REFINANCE PLC / HOWDEN UK REFINANCE 2 PLC / HOWDEN US REFINANCE LLC CALLABLE NOTES FIXED 8.125% 15/FEB/2032 USD 1000 | -- | -- | -- | $402,705.24 | 417,000 | -- |
| -- | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $402,350.26 | 393,000 | BRK14M1 |
| -- | -- | ENDO FINANCE HOLDINGS LP | 8.50% | 04/15/2031 | -- | $401,709.29 | 378,000 | BPBRSM2 |
| -- | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $401,195.53 | 422,000 | BP83D39 |
| -- | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $397,584.65 | 417,000 | BN6KWY2 |
| -- | -- | SIX FLAGS/CAN WON/MILLEN | 8.63% | 01/15/2032 | -- | $395,871.04 | 391,000 | BN49RB3 |
| -- | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $395,282.90 | 382,000 | BRBDSH9 |
| -- | -- | SM ENERGY CO | 8.38% | 07/01/2028 | -- | $388,621.19 | 376,000 | BRT7527 |
| -- | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $388,328.01 | 404,000 | BRT7X56 |
| -- | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $386,633.31 | 391,000 | BN0ZRZ9 |
| -- | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $382,301.03 | 371,000 | BMC94W8 |
| -- | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $381,045.00 | 382,000 | BRBVMG0 |
| -- | -- | OLYMPUS WTR US HLDG CORP | 6.75% | 08/01/2032 | -- | $376,259.61 | 382,000 | BVRTP89 |
| -- | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $373,730.57 | 408,000 | BM9SD09 |
| -- | -- | OSAIC HOLDINGS INC | 6.75% | 08/01/2032 | -- | $370,326.96 | 367,000 | BQT2NL0 |
| -- | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $368,390.47 | 393,591 | BMDB423 |
| -- | -- | CALIFORNIA BUYER/ATLANTI | 6.38% | 02/15/2032 | -- | $365,719.35 | 367,000 | BSZ7DB3 |
| -- | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $361,586.09 | 367,000 | BNM5Z19 |
| -- | -- | PG&E CORP CALLABLE NOTES VARIABLE 15/SEP/2056 USD 1000 | -- | -- | -- | $356,863.86 | 354,000 | -- |
| -- | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $354,523.09 | 343,000 | BP091F3 |
| -- | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $354,217.69 | 349,000 | BMCMQL0 |
| -- | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $350,968.64 | 347,000 | BMXHQ92 |
| -- | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $348,921.06 | 333,000 | BR2NN28 |
| -- | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $348,444.49 | 338,000 | BR4XVS8 |
| -- | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $348,032.50 | 431,000 | BRPT5J4 |
| -- | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $341,443.01 | 337,000 | BVYL9V9 |
| -- | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $339,794.80 | 324,000 | BPK4CP5 |
| -- | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $333,811.61 | 312,000 | BMJ0LG7 |
| -- | -- | UNITED RENTALS NORTH AM | 5.38% | 11/15/2033 | -- | $326,329.88 | 324,000 | BR113M3 |
| -- | -- | VZ SECURED FINANCING BV | 7.50% | 01/15/2033 | -- | $319,208.70 | 325,000 | BSNMMD5 |
| -- | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $313,069.49 | 313,000 | BQ68CL4 |
| -- | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $312,342.76 | 309,000 | BQT3JM6 |
| -- | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $309,273.12 | 400,000 | BNQPRV9 |
| -- | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $307,720.00 | 392,000 | BMXHJH1 |
| -- | -- | AECOM | 6.00% | 08/01/2033 | -- | $303,434.80 | 297,000 | BV2CGD5 |
| -- | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $286,972.82 | 287,000 | BMD14K1 |
| -- | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $286,252.40 | 284,000 | BPP2DX9 |
| -- | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $260,651.06 | 255,000 | BQ2KRD1 |
| -- | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $235,279.18 | 235,000 | BN765Z1 |
| -- | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $222,153.80 | 233,000 | BMD9BZ9 |
| -- | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2030 | -- | $215,783.68 | 219,000 | BSJQ190 |
| -- | -- | KINETIK HOLDINGS LP | 6.63% | 12/15/2028 | -- | $208,234.12 | 202,000 | BSD6D23 |
| -- | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $192,856.78 | 183,000 | BPK4TG5 |
| -- | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $191,700.00 | 710,000 | BPGM651 |
| -- | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $187,161.90 | 188,000 | BQ3QRD8 |
| -- | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $175,857.07 | 166,000 | BSNZ6B0 |
| -- | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $156,243.17 | 301,000 | BP9LWV3 |
| -- | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $141,620.81 | 135,000 | BNKBFF3 |
| -- | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $134,433.56 | 224,000 | BMY0HH5 |
| -- | -- | ALBERTSONS COS INC CALLABLE NOTES FIXED 5.625% 31/MAR/2032 USD 1000 | -- | -- | -- | $110,694.10 | 110,000 | -- |
| -- | -- | CLEAR CHANNEL OUTDOOR HO | 7.13% | 02/15/2031 | -- | $105,650.30 | 100,000 | BSML716 |
| -- | -- | UNITED AIRLINES HOLDINGS INC CALLABLE NOTES FIXED 5.375% 01/MAR/2031 USD 1000 | -- | -- | -- | $89,874.40 | 88,000 | -- |
| -- | -- | COMMERCIAL METALS CO | 6.00% | 12/15/2035 | -- | $81,947.12 | 80,000 | BS88ZW8 |
| -- | -- | ASURION LLC AND ASURION CO-ISSUER INC CALLABLE NOTES FIXED 8.375% 01/FEB/2034 USD 1000 | -- | -- | -- | $49,909.50 | 50,000 | -- |
| -- | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $13,511.34 | 13,000 | BPH25H5 |
| -- | -- | US 10YR NOTE (CBT) BOND 18/JUN/2026 TYM6 COMDTY | -- | -- | -20,372,438 | -- | -179 | -- |
| -- | -- | US 2YR NOTE (CBT) BOND 30/JUN/2026 TUM6 COMDTY | -- | -- | -56,922,375 | -- | -272 | -- |
| -- | -- | US 5YR NOTE (CBT) BOND 30/JUN/2026 FVM6 COMDTY | -- | -- | -77,098,438 | -- | -700 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,067,335.57 | 7,067,336 | -- |
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