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
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 10/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.10% | 1.39% | 6.00% | 4.58% | 6.24% | 9.58% | 7.76% | 5.62% | 4.07% | 05/21/2013 |
| HYHG Market Price | 0.48% | 1.95% | 6.67% | 4.64% | 6.69% | 9.82% | 7.96% | 5.71% | 4.13% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.07% | 1.50% | 6.32% | 5.06% | 6.65% | 9.93% | 8.17% | 6.23% | 4.78% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.90% | 2.08% | 5.24% | 4.48% | 7.58% | 11.06% | 7.79% | 5.99% | 4.09% | 05/21/2013 |
| HYHG Market Price | 1.01% | 2.31% | 5.37% | 4.15% | 7.69% | 11.19% | 7.92% | 6.03% | 4.12% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.01% | 2.32% | 5.63% | 4.98% | 8.07% | 11.54% | 8.25% | 6.65% | 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
- Distributions Monthly
Characteristics
as of 10/31/2025- Number of Companies 231
- Net Effective Duration 0.08024
Price
as of 11/25/2025- NAV $64.13
- NAV Change $+0.01
- Market Price $64.32
- Market Price Change $+0.04
- Trading Volume (M) 72,190
- View Premium / Discount
Distributions
as of 10/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.52%
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.
- 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
- Distributions Monthly
Characteristics
as of 10/31/2025- Number of Companies 231
- Net Effective Duration 0.08024
Price
as of 11/25/2025- NAV $64.13
- NAV Change $+0.01
- Market Price $64.32
- Market Price Change $+0.04
- Trading Volume (M) 72,190
- View Premium / Discount
Distributions
as of 10/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.52%
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.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 11/25/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.52% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,468,215.04 | 2,385,000 | BPH26F0 |
| 1.33% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,161,545.36 | 2,167,000 | BMWDGR9 |
| 1.30% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,111,201.14 | 2,109,000 | BN2QTP4 |
| 1.20% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,942,305.20 | 1,760,000 | BR54DP1 |
| 1.13% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,835,916.39 | 1,806,000 | BV4K8M0 |
| 1.02% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,646,742.26 | 1,602,000 | BNM6H94 |
| 1.00% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,622,496.48 | 1,592,000 | BT7MYF4 |
| 0.96% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,555,187.19 | 1,445,000 | BP2F579 |
| 0.93% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,513,278.61 | 1,458,000 | BQ67HZ0 |
| 0.90% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,463,018.24 | 1,385,000 | BP6GPK1 |
| 0.90% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,453,783.68 | 1,440,000 | BM8H783 |
| 0.90% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,452,525.00 | 1,810,000 | BTPF2W8 |
| 0.83% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,340,789.18 | 1,280,000 | BNBTNV8 |
| 0.82% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,330,435.05 | 1,290,000 | BPLP3M1 |
| 0.82% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,323,653.14 | 1,283,000 | BS2FMQ8 |
| 0.78% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,259,100.59 | 1,210,000 | BNZG7Q8 |
| 0.76% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,224,561.39 | 1,250,000 | BRXZ215 |
| 0.76% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,223,505.34 | 1,184,000 | BS9G792 |
| 0.74% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,203,185.34 | 1,134,000 | BL6CM66 |
| 0.74% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,199,738.05 | 1,223,000 | BMVXSB8 |
| 0.74% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,197,017.64 | 1,170,000 | BRJQLF9 |
| 0.74% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,192,205.98 | 1,179,000 | BSHT8Y5 |
| 0.72% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,172,324.34 | 1,180,000 | BQKN5B6 |
| 0.71% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,157,436.28 | 1,096,000 | BV5GRT7 |
| 0.71% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,148,162.38 | 1,154,000 | BRK4301 |
| 0.70% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,138,970.10 | 1,100,000 | BRSF6F2 |
| 0.69% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,111,828.66 | 1,145,000 | BMBJVY0 |
| 0.67% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,091,545.73 | 1,073,000 | BV6KVR4 |
| 0.67% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,090,395.39 | 1,034,000 | BTCCGD1 |
| 0.67% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,081,427.90 | 1,030,000 | BQ80PR5 |
| 0.65% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,056,907.17 | 1,038,000 | BM8K6S5 |
| 0.65% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,052,752.49 | 1,032,000 | BV99DS3 |
| 0.65% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,047,743.25 | 1,002,000 | BQB9NW0 |
| 0.64% | -- | JANE STREET GRP/JSG FIN | 6.75% | 05/01/2033 | -- | $1,038,697.00 | 1,000,000 | BT7HWD3 |
| 0.64% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,034,145.87 | 1,006,000 | BS2FZM5 |
| 0.64% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $1,032,962.29 | 976,000 | BRQPKY1 |
| 0.64% | -- | TALEN ENERGY SUPPLY LLC | 6.50% | 02/01/2036 | -- | $1,030,727.00 | 1,000,000 | BW2K4P4 |
| 0.64% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,029,815.07 | 987,000 | BVDKGM7 |
| 0.64% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $1,029,585.95 | 989,000 | BT7HYL5 |
| 0.63% | -- | WULF COMPUTE LLC | 7.75% | 10/15/2030 | -- | $1,026,320.71 | 1,000,000 | BW5ZMJ6 |
| 0.63% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,022,740.55 | 1,041,000 | BN7SNC0 |
| 0.63% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,021,639.19 | 1,044,000 | BNW2059 |
| 0.62% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,010,884.13 | 1,129,000 | BMBVFS8 |
| 0.62% | -- | NRG ENERGY INC | 5.75% | 01/15/2034 | -- | $1,002,617.00 | 1,000,000 | BVBFJZ8 |
| 0.61% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $991,057.41 | 945,000 | BQ2KRF3 |
| 0.60% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $976,825.31 | 937,000 | BQMJ1N6 |
| 0.59% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $953,126.65 | 1,039,000 | BRJHSK6 |
| 0.58% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $933,101.24 | 1,018,000 | BVF9138 |
| 0.55% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $888,724.61 | 852,000 | BPG22V9 |
| 0.54% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $880,995.55 | 872,000 | BNTZ4D7 |
| 0.53% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $859,969.12 | 842,000 | BTTRMX1 |
| 0.52% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $847,977.25 | 821,000 | BVDKGL6 |
| 0.52% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $844,153.88 | 801,000 | BVK4MV3 |
| 0.52% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $838,098.44 | 868,000 | BQ9D885 |
| 0.52% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $837,107.07 | 847,000 | BNHS096 |
| 0.52% | -- | ALTICE FRANCE SA | 6.50% | 03/15/2032 | -- | $834,770.53 | 859,000 | BT68Y19 |
| 0.51% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $826,810.79 | 799,000 | BNDQTF3 |
| 0.51% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $825,787.16 | 798,000 | BS6S7M4 |
| 0.50% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $811,824.44 | 826,000 | BJNPGH3 |
| 0.50% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $809,106.70 | 827,000 | BRXCZB7 |
| 0.50% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $803,106.96 | 782,000 | BM8K1F7 |
| 0.50% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $802,370.68 | 786,000 | BQT2NG5 |
| 0.49% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $795,127.80 | 793,000 | BPVDS42 |
| 0.48% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $784,744.72 | 761,000 | BR4XVS8 |
| 0.47% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $767,902.70 | 889,000 | BNNPV76 |
| 0.47% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $759,158.55 | 900,000 | BMVZMH8 |
| 0.47% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $758,019.47 | 735,000 | BRT75V6 |
| 0.46% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $752,966.37 | 737,000 | BPW9BQ2 |
| 0.46% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $752,443.54 | 777,000 | BMV1LQ8 |
| 0.46% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $743,197.32 | 748,000 | BQ1PCD2 |
| 0.45% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $732,042.48 | 769,000 | BNDLGZ7 |
| 0.45% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $725,536.90 | 724,000 | BNRNCC8 |
| 0.45% | -- | ADT SEC CORP | 5.88% | 10/15/2033 | -- | $725,007.46 | 717,000 | BV4FWX4 |
| 0.45% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $723,130.53 | 697,000 | BMZBL86 |
| 0.44% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $719,829.20 | 736,000 | BMXHJH1 |
| 0.44% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $714,973.50 | 675,000 | BNQQSS6 |
| 0.44% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $710,163.48 | 685,000 | BSNQ215 |
| 0.44% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $707,252.41 | 682,000 | BMF9C65 |
| 0.44% | -- | WEATHERFORD INTERNATIONA | 6.75% | 10/15/2033 | -- | $707,047.09 | 694,000 | BV8DHB7 |
| 0.43% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $702,605.48 | 684,000 | BTXQV60 |
| 0.43% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $700,356.61 | 686,000 | BVMDN60 |
| 0.43% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $698,229.45 | 675,000 | BMVXP62 |
| 0.42% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $686,247.11 | 702,000 | BQTWXH6 |
| 0.42% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $684,695.00 | 649,000 | BTCK903 |
| 0.42% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $678,214.53 | 657,000 | BQXJKM7 |
| 0.42% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $676,338.31 | 692,000 | BS89C64 |
| 0.42% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $673,582.26 | 646,000 | BLC8Z03 |
| 0.41% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $668,387.13 | 671,000 | BQ3QRD8 |
| 0.41% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $667,448.30 | 641,000 | BS9C5X0 |
| 0.41% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $665,095.95 | 679,000 | BNHT925 |
| 0.41% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $664,681.37 | 618,000 | BS88506 |
| 0.41% | -- | OLYMPUS WTR US HLDG CORP | 7.25% | 02/15/2033 | -- | $664,011.27 | 675,000 | BVMS268 |
| 0.41% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $662,565.12 | 628,000 | BLDCTF7 |
| 0.40% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $651,565.86 | 892,000 | BRBCV11 |
| 0.40% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $651,078.06 | 634,000 | BT9NKJ1 |
| 0.40% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $649,974.08 | 618,000 | BV1C948 |
| 0.40% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $640,283.02 | 711,000 | BM94BT2 |
| 0.39% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $636,168.42 | 767,000 | BMV1L02 |
| 0.39% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $634,143.27 | 665,000 | BPVBYZ9 |
| 0.39% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $626,668.25 | 610,000 | BQB88K0 |
| 0.38% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $619,969.96 | 601,000 | BPG27W5 |
| 0.38% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $619,200.50 | 627,000 | BS6V604 |
| 0.38% | -- | VIKING CRUISES LTD | 5.88% | 10/15/2033 | -- | $612,164.85 | 605,000 | BR886L7 |
| 0.38% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $611,367.79 | 609,000 | BPP2DX9 |
| 0.37% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $598,657.75 | 581,000 | BPX27Q2 |
| 0.36% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $583,660.93 | 556,000 | BNRPV83 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $580,941.88 | 630,000 | BP7LR98 |
| 0.36% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $578,083.51 | 546,000 | BT3NFD6 |
| 0.36% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $577,528.23 | 527,000 | BR1YST4 |
| 0.35% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $574,518.64 | 576,000 | BS84LN9 |
| 0.35% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $571,423.60 | 550,000 | BVK4BV6 |
| 0.35% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $570,867.85 | 543,000 | BRBCTZ1 |
| 0.35% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $570,311.50 | 550,000 | BP946X2 |
| 0.35% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $560,189.68 | 536,000 | BRC2671 |
| 0.35% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $559,808.04 | 556,000 | BQB7JV5 |
| 0.34% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $554,559.16 | 529,000 | BR2NN28 |
| 0.34% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $554,090.92 | 539,000 | BLB3TG3 |
| 0.34% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $544,440.75 | 525,000 | BTJS1V5 |
| 0.34% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $543,789.05 | 505,000 | BRCDDH3 |
| 0.33% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $540,813.05 | 519,000 | BNRPLW7 |
| 0.33% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $539,276.47 | 563,000 | BS3BCF4 |
| 0.33% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $536,701.28 | 601,000 | BN6JYJ8 |
| 0.33% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $530,461.10 | 520,000 | BMC94W8 |
| 0.33% | -- | NISSAN MOTOR ACCEPTANCE | 6.13% | 09/30/2030 | -- | $529,286.76 | 536,000 | BVBG0S1 |
| 0.33% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $527,753.62 | 529,000 | BMW2W01 |
| 0.32% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $524,185.13 | 506,000 | BM8SW92 |
| 0.32% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $524,048.00 | 500,000 | BNKBFF3 |
| 0.32% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $523,834.81 | 532,000 | BM9PWX6 |
| 0.32% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $523,025.50 | 500,000 | BMVXP51 |
| 0.32% | -- | CELANESE US HOLDINGS LLC | 6.67% | 07/15/2027 | -- | $520,082.99 | 506,000 | BP9RBF8 |
| 0.32% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $519,527.00 | 500,000 | BMGDND0 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $519,449.44 | 513,000 | BQ68CL4 |
| 0.32% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $518,893.77 | 473,000 | BR1H4Z1 |
| 0.32% | -- | AMERICAN AXLE & MFG INC | 7.75% | 10/15/2033 | -- | $516,373.17 | 511,000 | BLDCF37 |
| 0.32% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $513,638.00 | 500,000 | BPSQQR3 |
| 0.32% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $512,820.00 | 500,000 | BVZMLG0 |
| 0.32% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $511,681.50 | 500,000 | BVK50T0 |
| 0.31% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $509,816.03 | 503,000 | BRRG7V9 |
| 0.31% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $509,011.12 | 542,000 | BLDBLN6 |
| 0.31% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $505,056.80 | 489,000 | BT3CPW2 |
| 0.31% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $501,249.87 | 495,000 | BN6MM59 |
| 0.31% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $498,626.54 | 517,000 | BLC9L19 |
| 0.31% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $497,590.65 | 481,000 | BPK4CP5 |
| 0.31% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $497,528.04 | 485,000 | BP092B6 |
| 0.31% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $496,902.22 | 496,000 | BQT3JM6 |
| 0.30% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $492,469.02 | 501,000 | BN0ZRZ9 |
| 0.30% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $490,736.40 | 564,000 | BS6RJF8 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $489,713.40 | 450,000 | BR1YSV6 |
| 0.30% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $485,688.75 | 464,000 | BQKRVC1 |
| 0.30% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $478,719.83 | 467,000 | BMCGQ56 |
| 0.29% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $477,466.40 | 466,000 | BTTRLD4 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $477,371.91 | 483,000 | BM8H4Y8 |
| 0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $476,455.65 | 492,000 | BMY8TS4 |
| 0.29% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $475,401.63 | 490,000 | BVRTP89 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $475,133.77 | 495,000 | BMH29D8 |
| 0.29% | -- | ION PLATFORM FINANCE US | 7.88% | 09/30/2032 | -- | $472,933.62 | 500,000 | BV2JDH9 |
| 0.29% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $468,338.67 | 450,000 | BP5JP78 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $466,657.20 | 450,000 | BR53N25 |
| 0.29% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $466,285.20 | 520,000 | BRT7X56 |
| 0.29% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $466,197.11 | 446,000 | BMGC188 |
| 0.29% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $466,070.90 | 465,000 | BMD14K1 |
| 0.29% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $464,413.23 | 501,591 | BMDB423 |
| 0.29% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $462,746.38 | 455,000 | BQ2KRD1 |
| 0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $461,079.00 | 471,000 | BNM5Z19 |
| 0.28% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $458,435.21 | 426,000 | BMZMHS1 |
| 0.28% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $456,985.37 | 613,000 | BMWT6D3 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $455,242.83 | 492,000 | BPLFC68 |
| 0.28% | -- | NRG ENERGY INC | 6.00% | 01/15/2036 | -- | $454,598.65 | 449,000 | BVBFJY7 |
| 0.28% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $451,975.96 | 451,000 | BM9YJB0 |
| 0.28% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $450,680.44 | 442,000 | BRK14M1 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $447,745.54 | 441,000 | BPLL6H5 |
| 0.27% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $442,752.52 | 467,000 | BT7JWZ1 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $441,502.76 | 436,000 | BN95KZ1 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $439,326.78 | 443,000 | BMHBB51 |
| 0.27% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $439,272.18 | 459,000 | BMT7QC9 |
| 0.27% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $435,548.06 | 452,000 | BP4Z8H8 |
| 0.27% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $434,369.79 | 451,000 | BSKP420 |
| 0.27% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $430,195.67 | 427,000 | BL54J73 |
| 0.27% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $429,282.11 | 399,000 | BMJ0LG7 |
| 0.26% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $427,212.94 | 461,000 | BKPJT48 |
| 0.26% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $425,337.78 | 420,000 | BSVLRC8 |
| 0.26% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $422,870.41 | 422,000 | BMF4PS3 |
| 0.26% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $418,478.19 | 418,000 | BMW2F91 |
| 0.25% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $412,932.96 | 393,000 | BMW2FL3 |
| 0.25% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $409,419.62 | 391,000 | BMCGQM3 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $399,314.27 | 383,000 | BPBRSM2 |
| 0.25% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $398,790.72 | 422,000 | BP83D39 |
| 0.25% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $397,992.54 | 383,000 | BP092P0 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $394,026.83 | 382,000 | BRBDSH9 |
| 0.24% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $392,559.63 | 382,000 | BRBVMG0 |
| 0.24% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $392,327.15 | 424,000 | BNKLFF3 |
| 0.24% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $390,592.35 | 417,000 | BN6KWY2 |
| 0.24% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $386,396.78 | 376,000 | BRT7527 |
| 0.24% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $385,799.91 | 394,000 | BMBV4H0 |
| 0.23% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $379,636.14 | 431,000 | BRPT5J4 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $378,532.80 | 485,000 | BMH8323 |
| 0.23% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $372,018.05 | 369,000 | BP812N6 |
| 0.23% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $367,568.06 | 349,000 | BS7XRZ1 |
| 0.22% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $358,475.27 | 385,000 | BMX50K5 |
| 0.22% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $356,143.27 | 491,000 | BM93J39 |
| 0.22% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $352,652.63 | 347,000 | BMXHQ92 |
| 0.22% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $350,973.38 | 343,000 | BP091F3 |
| 0.21% | -- | WINDSTREAM SERVICES LLC | 7.50% | 10/15/2033 | -- | $345,718.71 | 341,000 | BVMSGF5 |
| 0.20% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $331,787.31 | 581,000 | BMY0HH5 |
| 0.20% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $321,081.98 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $313,822.00 | 301,000 | BMJ0L90 |
| 0.19% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $310,170.84 | 294,000 | BSNZ6B0 |
| 0.19% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $306,985.35 | 500,000 | BNQPRV9 |
| 0.19% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $305,263.43 | 297,000 | BRZWYJ6 |
| 0.19% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $301,023.26 | 300,000 | BTPH0K8 |
| 0.19% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $300,928.80 | 300,000 | BVSYM93 |
| 0.18% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $291,772.41 | 296,000 | BNTBJ41 |
| 0.17% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $277,219.80 | 270,000 | BP4YGK4 |
| 0.17% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $272,613.63 | 401,000 | BP9LWV3 |
| 0.16% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $264,882.15 | 258,000 | BV0YZ47 |
| 0.16% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $258,350.02 | 285,000 | BM9SD09 |
| 0.16% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $255,033.79 | 239,000 | BMCMQL0 |
| 0.15% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $237,039.40 | 228,000 | BVF9246 |
| 0.15% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $235,224.19 | 235,000 | BN765Z1 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $220,966.67 | 233,000 | BMD9BZ9 |
| 0.13% | -- | KINETIK HOLDINGS LP CALLABLE NOTES FIXED 6.625% 15/DEC/2028 USD 1000 | -- | -- | -- | $206,798.71 | 202,000 | -- |
| 0.12% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $195,351.31 | 192,000 | BVYL9V9 |
| 0.12% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $193,078.18 | 183,000 | BPK4TG5 |
| 0.12% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $190,530.71 | 184,000 | BPH25H5 |
| 0.05% | -- | HERC HOLDINGS INC | 7.00% | 06/15/2030 | -- | $81,682.30 | 78,000 | BV5GRS6 |
| 0.04% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $65,164.53 | 64,000 | BPLPFQ9 |
| 0.03% | -- | LEVEL 3 FINANCING INC | 7.00% | 03/31/2034 | -- | $50,933.49 | 50,000 | BV6KVQ3 |
| 0.03% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $46,204.60 | 169,000 | BQWNRK7 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -14.03% | -- | US 10YR NOTE (CBT) BOND 20/MAR/2026 TYH6 COMDTY | -- | -- | -22,718,750 | -- | -200 | -- |
| -37.81% | -- | US 2YR NOTE (CBT) BOND 31/MAR/2026 TUH6 COMDTY | -- | -- | -61,243,867 | -- | -293 | -- |
| -46.84% | -- | US 5YR NOTE (CBT) BOND 31/MAR/2026 FVH6 COMDTY | -- | -- | -75,856,875 | -- | -690 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,417,572.06 | 7,417,572 | -- |
Index
as of 9/30/2025
- Total Number of Issues246
- Long Portfolio Duration3.25
- Net Effective Duration0.06
- Long Portfolio Yield7.28
- Net Index Yield7.56
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
2025
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
| 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