IGHG
Investment Grade—Interest Rate Hedged
Why Invest in IGHG?
-
Provides the return potential of a diversified portfolio of investment grade corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Why Invest in IGHG?
-
Provides the return potential of a diversified portfolio of investment grade corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
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
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
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
IGHG Market Price | 0.20% | 1.29% | 5.72% | 1.25% | 10.82% | 3.85% | 4.16% | 2.85% | 3.09% | 11/05/2013 |
IGHG NAV | 0.03% | 1.44% | 5.89% | 1.52% | 11.17% | 3.82% | 4.21% | 2.94% | 3.11% | 11/05/2013 |
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.20% | 1.79% | 6.43% | 1.65% | 11.57% | 4.59% | 4.62% | 3.28% | 3.49% | -- |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
IGHG Market Price | 0.04% | 3.62% | 6.75% | 11.59% | 11.59% | 3.72% | 4.82% | 2.77% | 3.02% | 11/05/2013 |
IGHG NAV | -0.08% | 3.22% | 6.97% | 11.68% | 11.68% | 3.74% | 4.83% | 2.79% | 3.01% | 11/05/2013 |
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.13% | 3.69% | 7.33% | 11.70% | 11.70% | 4.45% | 5.17% | 3.13% | 3.38% | -- |
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 IGHG
- Intraday Ticker IGHG.IV
- CUSIP 74347B607
- Inception Date 11/5/13
- Expense Ratio 0.30%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 2/29/2024- Number of Companies --
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Distribution Yield 5.6%
Distribution Yield represents the annualized yield based on the last income distribution.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- SEC 30-Day Yield 5.03%
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.
- Weighted Average Yield to
Maturity 5.31% - Net Effective Duration 0.18%
Price
as of 3/28/2024- NAV $76.44
- NAV Change $+0.06
- Market Price $76.51
- Market Price Change $+0.02
- Trading Volume (M) 6,072
- 30-Day Median Bid Ask Spread 0.24%
- View Premium / Discount
Snapshot
- Ticker IGHG
- Intraday Ticker IGHG.IV
- CUSIP 74347B607
- Inception Date 11/5/13
- Unitary Expense Ratio 0.30%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 2/29/2024- Number of Companies --
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Distribution Yield 5.6%
Distribution Yield represents the annualized yield based on the last income distribution.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- SEC 30-Day Yield 5.03%
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.
- Weighted Average Yield to Maturity 5.31%
- Net Effective Duration 0.18%
Price
as of 3/28/2024- NAV $76.44
- NAV Change $+0.06
- Market Price $76.51
- Market Price Change $+0.02
- Trading Volume (M) 6,072
- 30-Day Median Bid Ask Spread 0.24%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 3/28/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.80% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $5,023,848.97 | 4,900,000 | B43XY12 |
1.78% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $4,971,860.31 | 4,581,000 | B43DYH8 |
1.72% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $4,806,332.56 | 5,475,000 | BYM4WR8 |
1.55% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $4,323,534.04 | 5,357,000 | BVVCSF2 |
1.50% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $4,184,507.77 | 3,847,000 | B2QR213 |
1.37% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $3,835,902.47 | 3,596,000 | B6T0187 |
1.34% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $3,745,702.63 | 3,100,000 | B65HZL3 |
1.31% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $3,677,784.60 | 3,731,000 | BJTGHH7 |
1.27% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $3,562,314.33 | 3,274,000 | B4YDXD6 |
1.23% | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $3,451,689.01 | 4,062,000 | BFY97C8 |
1.18% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $3,294,288.81 | 3,082,000 | B1SBFX9 |
1.18% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $3,291,778.66 | 3,828,000 | B8C0348 |
1.10% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $3,085,393.10 | 2,894,000 | B24FY35 |
1.07% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $2,988,703.32 | 2,671,000 | BCRXKM7 |
1.06% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $2,977,901.16 | 2,770,000 | B1L80H6 |
1.05% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $2,934,966.04 | 3,259,000 | BYQ29R7 |
1.03% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $2,868,613.68 | 2,552,000 | B39F3N0 |
1.01% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $2,829,470.03 | 2,937,000 | BF6DYK5 |
1.00% | -- | RTX CORP | 4.50% | 06/01/2042 | -- | $2,785,637.75 | 3,117,000 | B86VSX1 |
0.99% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $2,781,967.88 | 3,441,000 | BD3RRJ6 |
0.98% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $2,731,020.31 | 2,998,000 | BZ3FFJ0 |
0.96% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $2,694,295.27 | 2,385,000 | B2RDM21 |
0.91% | -- | BANCO SANTANDER SA | 6.92% | 08/08/2033 | -- | $2,539,519.92 | 2,425,000 | BRF3T49 |
0.89% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $2,499,608.21 | 2,611,000 | BYT35M4 |
0.89% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $2,483,842.50 | 2,943,000 | BKSJPV4 |
0.88% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $2,458,963.55 | 2,765,000 | BYRLSF4 |
0.83% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $2,333,273.35 | 2,183,000 | B1HMKF0 |
0.83% | -- | SUMITOMO MITSUI FINL GRP | 5.71% | 01/13/2030 | -- | $2,332,107.16 | 2,259,000 | BNM9D17 |
0.82% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $2,304,619.08 | 2,204,000 | B287YY8 |
0.82% | -- | CITIGROUP INC | 4.75% | 05/18/2046 | -- | $2,286,200.71 | 2,571,000 | BDGLCL2 |
0.80% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $2,238,827.43 | 1,975,000 | B3KFDY0 |
0.80% | -- | SPRINT CAPITAL CORP | 8.75% | 03/15/2032 | -- | $2,225,334.61 | 1,838,000 | 2964029 |
0.79% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $2,217,740.91 | 2,518,000 | BMD7ZZ1 |
0.78% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $2,186,137.76 | 2,330,000 | BYZYSL1 |
0.78% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $2,174,877.66 | 2,395,000 | BCZM189 |
0.77% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $2,152,556.35 | 2,223,000 | BY58YT3 |
0.76% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $2,127,711.67 | 2,562,000 | BM9K8M2 |
0.73% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $2,048,214.56 | 2,223,000 | BF04KW8 |
0.73% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $2,045,329.76 | 1,844,000 | B57GT08 |
0.73% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $2,033,491.82 | 1,815,000 | B170DG6 |
0.71% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $1,984,538.17 | 1,710,000 | B242VX5 |
0.69% | -- | VERIZON COMMUNICATIONS | 4.81% | 03/15/2039 | -- | $1,943,240.12 | 2,055,000 | BDFLJN4 |
0.69% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $1,932,988.98 | 1,734,000 | B3LVPV8 |
0.68% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $1,906,529.78 | 1,801,000 | B62V507 |
0.68% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $1,888,995.15 | 1,728,000 | B2RK1T2 |
0.67% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $1,886,631.81 | 1,843,000 | BP8Y7Q3 |
0.67% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $1,885,685.44 | 1,976,000 | B62X8Y8 |
0.67% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $1,877,748.87 | 1,546,000 | B2RFJL5 |
0.67% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $1,865,039.67 | 1,949,000 | BF22PM5 |
0.63% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $1,774,830.23 | 1,861,000 | BL98SN0 |
0.63% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $1,749,845.55 | 1,775,000 | BG3KW02 |
0.61% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $1,717,485.30 | 2,424,000 | BLD9486 |
0.61% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $1,712,318.52 | 1,563,000 | B1Z54W6 |
0.61% | -- | OCCIDENTAL PETROLEUM COR | 6.45% | 09/15/2036 | -- | $1,700,158.81 | 1,594,000 | BK8VN61 |
0.60% | -- | CONOCOPHILLIPS | 6.50% | 02/01/2039 | -- | $1,679,822.42 | 1,485,000 | B4T4431 |
0.59% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $1,655,414.59 | 1,555,000 | B1FTHZ2 |
0.58% | -- | MERCEDES-BENZ FIN NA | 8.50% | 01/18/2031 | -- | $1,632,546.76 | 1,341,000 | B065ZJ2 |
0.58% | -- | TORONTO-DOMINION BANK | 4.46% | 06/08/2032 | -- | $1,629,076.53 | 1,702,000 | BQB7JS2 |
0.57% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $1,590,860.03 | 1,725,000 | BJZ7ZQ9 |
0.57% | -- | FORD MOTOR COMPANY | 7.45% | 07/16/2031 | -- | $1,584,553.43 | 1,459,000 | 5733992 |
0.56% | -- | METLIFE INC | 4.88% | 11/13/2043 | -- | $1,574,223.47 | 1,675,000 | BGDXK74 |
0.56% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $1,566,830.19 | 1,938,000 | BKVJXB7 |
0.56% | -- | PARAMOUNT GLOBAL | 4.38% | 03/15/2043 | -- | $1,563,984.30 | 2,304,000 | BCHWWF1 |
0.55% | -- | TIME WARNER CABLE LLC | 6.55% | 05/01/2037 | -- | $1,539,217.79 | 1,626,000 | B28WMV6 |
0.55% | -- | UBS GROUP AG | 4.88% | 05/15/2045 | -- | $1,538,309.54 | 1,652,000 | BPX2D53 |
0.54% | -- | ROYAL BANK OF CANADA | 5.15% | 02/01/2034 | -- | $1,501,999.41 | 1,500,000 | BRF20R6 |
0.52% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $1,447,865.24 | 1,308,000 | B2NP6Q3 |
0.52% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $1,444,888.62 | 1,563,000 | BXC5WP2 |
0.51% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $1,427,928.45 | 1,466,000 | BYTRVR3 |
0.51% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $1,419,428.13 | 1,499,000 | B92PSY5 |
0.50% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 08/04/2045 | -- | $1,392,277.32 | 1,417,000 | BYWZXG7 |
0.50% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $1,389,526.03 | 1,694,000 | BN6LYH2 |
0.49% | -- | SUMITOMO MITSUI FINL GRP | 6.18% | 07/13/2043 | -- | $1,380,252.26 | 1,243,000 | BRF2J57 |
0.49% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $1,362,626.41 | 1,160,000 | B2PHBR3 |
0.49% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $1,358,413.94 | 1,292,000 | B7RB2F3 |
0.48% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $1,333,487.45 | 1,589,000 | BL69JN3 |
0.47% | -- | BANCO SANTANDER SA | 6.94% | 11/07/2033 | -- | $1,326,804.85 | 1,200,000 | BQ6C3K2 |
0.47% | -- | ECOPETROL SA | 5.88% | 05/28/2045 | -- | $1,323,289.55 | 1,772,000 | BMQXLW5 |
0.46% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $1,287,097.19 | 1,374,000 | BXC5W85 |
0.46% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $1,275,691.24 | 1,515,000 | BDB2XM8 |
0.46% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $1,274,857.26 | 1,406,000 | BLB6SW1 |
0.46% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $1,273,476.07 | 1,312,000 | BDCMR69 |
0.45% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $1,264,293.18 | 1,159,000 | B1YLTG4 |
0.45% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $1,263,428.94 | 1,501,000 | B944GF7 |
0.45% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $1,253,341.44 | 1,248,000 | BWXV3J3 |
0.44% | -- | UNITED AIR 2023-1 A PTT | 5.80% | 01/15/2036 | -- | $1,244,549.63 | 1,223,000 | -- |
0.44% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $1,242,691.53 | 1,349,000 | BMFVFK6 |
0.44% | -- | IBM CORP | 4.00% | 06/20/2042 | -- | $1,218,133.76 | 1,441,000 | B8J5PR3 |
0.43% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $1,212,356.25 | 1,088,000 | 2859233 |
0.43% | -- | JOHN DEERE CAPITAL CORP | 5.15% | 09/08/2033 | -- | $1,204,164.79 | 1,178,000 | BNSP609 |
0.43% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $1,197,093.27 | 1,278,000 | B8Y96M2 |
0.43% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $1,190,611.57 | 1,354,000 | BNG28J5 |
0.42% | -- | BANK OF NOVA SCOTIA | 4.85% | 02/01/2030 | -- | $1,177,730.80 | 1,186,000 | BPP33C1 |
0.42% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $1,174,206.74 | 1,239,000 | BKJL6Z0 |
0.42% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $1,173,482.58 | 1,151,000 | BGYY0D2 |
0.42% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $1,164,814.64 | 1,351,000 | BKFH1R9 |
0.42% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $1,162,970.65 | 1,094,000 | B1Z7WM8 |
0.41% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $1,157,155.94 | 1,012,000 | 4474021 |
0.41% | -- | COCA-COLA CO/THE | 2.25% | 01/05/2032 | -- | $1,134,859.87 | 1,333,000 | BLF8XX9 |
0.40% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $1,132,231.14 | 1,036,000 | B283338 |
0.40% | -- | HP INC | 6.00% | 09/15/2041 | -- | $1,128,722.76 | 1,086,000 | B5V6LS6 |
0.40% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $1,120,409.83 | 1,169,000 | B819DG8 |
0.40% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $1,117,713.07 | 1,261,000 | BKY6S54 |
0.40% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $1,115,615.10 | 1,056,000 | B3RZKK8 |
0.40% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $1,115,012.02 | 1,264,000 | B9D69N3 |
0.40% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $1,114,792.86 | 1,185,000 | BLTZ7Y5 |
0.40% | -- | CNOOC PETROLEUM NORTH | 6.40% | 05/15/2037 | -- | $1,113,821.84 | 995,000 | B1WV0T6 |
0.40% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $1,107,661.91 | 1,044,000 | B1G7Y98 |
0.38% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $1,064,515.10 | 887,000 | B2Q1497 |
0.37% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $1,047,169.52 | 973,000 | 7518926 |
0.37% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $1,031,535.62 | 1,294,000 | BFMYF65 |
0.37% | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $1,029,292.01 | 1,110,000 | BCZQWS8 |
0.36% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $1,006,393.46 | 1,052,000 | BYP6GR9 |
0.36% | -- | TIME WARNER CABLE ENTRMN | 8.38% | 07/15/2033 | -- | $1,002,062.43 | 897,000 | 2727266 |
0.36% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $996,080.26 | 1,059,000 | BYNWXZ6 |
0.36% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $995,947.48 | 867,000 | BKPTBZ3 |
0.36% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $995,835.41 | 1,078,000 | BL66P03 |
0.36% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $994,845.45 | 1,161,000 | BMVPRG2 |
0.36% | -- | HSBC HOLDINGS PLC | 4.95% | 03/31/2030 | -- | $993,475.84 | 1,000,000 | BLCC7J8 |
0.35% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $976,942.10 | 965,000 | BYZKXZ8 |
0.35% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $970,723.17 | 1,094,000 | BKRMRV8 |
0.35% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $969,945.09 | 984,000 | B57Y827 |
0.34% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $961,795.50 | 1,017,000 | B82MC25 |
0.34% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $952,032.76 | 842,000 | B24FYQ8 |
0.34% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $948,341.50 | 840,000 | B7N7040 |
0.34% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $939,863.99 | 943,000 | B5TZB18 |
0.33% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $934,746.88 | 843,000 | B2418B9 |
0.33% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $923,163.76 | 859,000 | B13VN63 |
0.33% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $921,329.83 | 1,062,000 | BBD6G92 |
0.33% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $920,212.99 | 1,045,000 | BF2TMG9 |
0.32% | -- | TOYOTA MOTOR CREDIT CORP | 5.55% | 11/20/2030 | -- | $893,490.62 | 863,000 | BP0VPB3 |
0.32% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $882,508.42 | 1,038,000 | BMFKVV6 |
0.31% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $871,734.78 | 800,000 | B39XY20 |
0.31% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $853,774.85 | 796,000 | 7392227 |
0.30% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $849,646.93 | 975,000 | B968SP1 |
0.30% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $840,785.19 | 1,326,000 | BLN8Y83 |
0.30% | -- | ROYAL BANK OF CANADA | 5.00% | 02/01/2033 | -- | $838,973.84 | 842,000 | BQ3Q0J5 |
0.30% | -- | JEFFERIES FIN GROUP INC | 4.15% | 01/23/2030 | -- | $835,905.78 | 892,000 | BD1DDP4 |
0.30% | -- | METLIFE INC | 5.70% | 06/15/2035 | -- | $831,028.38 | 798,000 | B0BXDC0 |
0.30% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $829,028.87 | 974,000 | BYYXY44 |
0.30% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $828,229.32 | 808,000 | B44YJW0 |
0.29% | -- | ELEVANCE HEALTH INC | 4.65% | 01/15/2043 | -- | $823,832.39 | 904,000 | B88F2Y0 |
0.29% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $814,351.63 | 798,000 | B4TV238 |
0.29% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $812,077.84 | 921,000 | BFY9706 |
0.29% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $803,642.90 | 921,000 | B8HK5Z8 |
0.28% | -- | COCA-COLA CO/THE | 3.00% | 03/05/2051 | -- | $784,838.28 | 1,102,000 | BNTDCD7 |
0.28% | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $780,407.64 | 931,000 | BSHZYC3 |
0.28% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $779,302.01 | 892,000 | B6Z7568 |
0.27% | -- | FORD MOTOR COMPANY | 4.75% | 01/15/2043 | -- | $769,358.46 | 928,000 | B8H94Y7 |
0.27% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $763,715.83 | 869,000 | BGLPFR7 |
0.27% | -- | PRUDENTIAL FUNDING ASIA | 3.13% | 04/14/2030 | -- | $757,100.59 | 841,000 | BPJLBD8 |
0.27% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $755,892.94 | 711,000 | B1P61P1 |
0.26% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $722,340.77 | 882,000 | BNBYGX6 |
0.26% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $721,823.87 | 868,000 | BP8JVG6 |
0.26% | -- | WELLS FARGO & COMPANY | 4.65% | 11/04/2044 | -- | $716,687.56 | 819,000 | BS9FPF1 |
0.25% | -- | UNITEDHEALTH GROUP INC | 4.75% | 07/15/2045 | -- | $704,312.42 | 750,000 | BYTRVP1 |
0.24% | -- | SUMITOMO MITSUI FINL GRP | 5.77% | 01/13/2033 | -- | $671,080.13 | 644,000 | BMTX144 |
0.24% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $661,986.88 | 791,000 | BMWC8Z8 |
0.23% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $655,469.73 | 782,000 | BLPHW40 |
0.21% | -- | WYETH LLC | 5.95% | 04/01/2037 | -- | $576,322.75 | 534,000 | B1VQ7M4 |
0.20% | -- | BANK OF AMERICA CORP | 5.00% | 01/21/2044 | -- | $559,814.44 | 578,000 | BJ3WDS4 |
0.20% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $553,948.78 | 635,000 | B78K6L3 |
0.19% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $536,691.74 | 517,000 | B1VJP74 |
0.18% | -- | WELLS FARGO & COMPANY | 4.75% | 12/07/2046 | -- | $514,266.01 | 585,000 | BDSFRX9 |
0.18% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $511,829.05 | 451,000 | 2836399 |
0.18% | -- | JOHN DEERE CAPITAL CORP | 4.70% | 06/10/2030 | -- | $490,717.12 | 493,000 | BRBD8Z7 |
0.17% | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $473,276.13 | 503,000 | BWC4YL2 |
0.16% | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $438,213.63 | 515,000 | BM9CQB3 |
0.16% | -- | MITSUBISHI UFJ FIN GRP | 2.56% | 02/25/2030 | -- | $436,562.65 | 500,000 | BKMGBW4 |
0.15% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $419,716.05 | 444,000 | B1G5DX9 |
0.14% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $394,825.81 | 361,000 | B29SN65 |
0.13% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $375,909.57 | 395,000 | BM6NVC5 |
0.13% | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $352,214.42 | 391,000 | BSKDLG7 |
0.12% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $330,053.15 | 326,000 | B3B14R7 |
0.11% | -- | SUMITOMO MITSUI FINL GRP | 2.22% | 09/17/2031 | -- | $300,489.82 | 367,000 | BMHLCZ8 |
0.10% | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $268,787.37 | 300,000 | BYQNQH9 |
0.09% | -- | WESTPAC BANKING CORP | 2.96% | 11/16/2040 | -- | $257,948.60 | 365,000 | BMX5050 |
0.09% | -- | CITIGROUP INC | 8.13% | 07/15/2039 | -- | $237,951.06 | 186,000 | B3Q88R1 |
0.08% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $223,676.92 | 250,000 | BK6WV73 |
0.08% | -- | WALMART INC | 5.25% | 09/01/2035 | -- | $212,934.45 | 203,000 | B0J45R4 |
0.07% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $197,779.02 | 215,000 | BYRLRK2 |
0.07% | -- | WELLS FARGO & COMPANY | 3.90% | 05/01/2045 | -- | $190,417.59 | 233,000 | BX2H0V0 |
0.06% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $175,500.83 | 199,000 | BKBQ3G3 |
0.06% | -- | APPLE INC | 3.85% | 05/04/2043 | -- | $173,547.02 | 200,000 | B8HTMS7 |
0.05% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $145,636.56 | 200,000 | BKSJPT2 |
0.04% | -- | TWDC ENTERPRISES 18 CORP | 4.13% | 06/01/2044 | -- | $110,732.39 | 127,000 | BN459D7 |
0.03% | -- | SOUTHERN COPPER CORP | 5.25% | 11/08/2042 | -- | $94,759.19 | 100,000 | B8ZRND5 |
0.03% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $93,167.26 | 98,000 | BY8L4X3 |
0.02% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $42,215.74 | 46,000 | BMMB3K5 |
0.01% | -- | COCA-COLA CO/THE | 2.60% | 06/01/2050 | -- | $32,754.02 | 50,000 | BKSJPS1 |
-- | -- | COCA-COLA CO/THE | 1.38% | 03/15/2031 | -- | $9,700.26 | 12,000 | BLR6S70 |
-- | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $6,670.87 | 8,000 | BW9JZD9 |
-- | -- | BHP BILLITON FIN USA LTD | 4.13% | 02/24/2042 | -- | $3,490.33 | 4,000 | B5NNJ47 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $10,986,576.11 | 10,986,576 | -- |
-10.42% | -- | US ULTRA BOND CBT BOND 18/JUN/2024 WNM4 COMDTY | -- | -- | -29,154,000 | -- | -226 | -- |
-28.39% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2024 TYM4 COMDTY | -- | -- | -79,441,359 | -- | -717 | -- |
-55.87% | -- | US LONG BOND(CBT) BOND 18/JUN/2024 USM4 COMDTY | -- | -- | -156,327,875 | -- | -1,298 | -- |
Index
as of 12/29/2023
- Total Number of Issues216
- Long Portfolio Duration10.05
- Net Effective Duration0.00
- Long Portfolio Yield5.19
- Net Index Yield6.65
About the Index
The index is comprised of (a) long positions in USD-denominated investment grade corporate bonds issued by both U.S. and foreign domiciled companies; and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration to the investment grade bonds. In entering these positions, the index seeks to achieve an overall effective duration of zero.
By taking short Treasury Security positions (of an aggregate dollar value not exceeding the aggregate dollar value of the fund's assets), the index seeks to mitigate the potential negative impact of rising Treasury interest rates ("interest rates") on the performance of investment grade bonds (conversely limiting the potential positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of investment grade bonds, such as credit risk, which may have a greater impact than rising or falling interest rates.
The long investment grade bond positions included in the index are designed to represent the more liquid universe of investment grade bonds offered within the United States. Currently, the bonds eligible for inclusion in the index include all investment grade bonds that are issued by U.S. and internationally domiciled companies that are: fixed rate; have a minimum rating of Baa3/BBB- by both Moody's Investors Service, Inc. ("Moody's") and Standard and Poor's Financial Services, LLC ("S&P"); have a minimum face amount outstanding of $1 billion; and have at least five and a half (5.5) years until maturity.
The index is reconstituted and rebalanced (including a reset of the interest rate hedge) on a monthly basis.
Distributions
For
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
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