HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 254 Nontraditional Bond funds based on risk-adjusted returns as of 04/30/25.
Why HYHG?
-
Provides the return potential of a diversified portfolio of high-yield 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.
View all Fund
detail sections
Why HYHG?
-
Provides the return potential of a diversified portfolio of high-yield 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
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 4/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | -0.75% | -3.07% | 0.01% | -1.91% | 5.16% | 8.04% | 8.25% | 4.31% | 3.74% | 05/21/2013 |
| HYHG NAV | -0.61% | -2.67% | 0.23% | -1.33% | 5.06% | 7.95% | 8.28% | 4.35% | 3.74% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | -0.58% | -2.52% | 0.31% | -1.19% | 5.52% | 8.31% | 8.76% | 4.98% | 4.45% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | -3.70% | -1.16% | 2.20% | -1.16% | 7.22% | 7.41% | 9.15% | 4.51% | 3.83% | 05/21/2013 |
| HYHG NAV | -1.52% | -0.72% | 2.22% | -0.72% | 6.95% | 7.38% | 8.91% | 4.56% | 3.82% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | -1.52% | -0.61% | 2.31% | -0.61% | 7.11% | 7.80% | 9.33% | 5.19% | 4.53% | -- |
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 4/30/2025- Number of Companies 222
- Net Effective Duration -0.10%
Price
as of 5/15/2025- NAV $64.19
- NAV Change $-0.44
- Market Price $64.51
- Market Price Change $-0.12
- Trading Volume (M) 8,749
- 30-Day Median Bid Ask Spread 1.02%
- View Premium / Discount
Distributions
as of 4/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.77%
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 Distribution Rate 6.99%
12-Month Distribution Rate represents the sum of the fund’s distributions for the last 12 months, expressed as a percentage of the NAV at the end of the previous month.
- 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 4/30/2025- Number of Companies 222
- Net Effective Duration -0.10%
Price
as of 5/15/2025- NAV $64.19
- NAV Change $-0.44
- Market Price $64.51
- Market Price Change $-0.12
- Trading Volume (M) 8,749
- 30-Day Median Bid Ask Spread 1.02%
- View Premium / Discount
Distributions
as of 4/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.77%
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 Distribution Rate 6.99%
12-Month Distribution Rate represents the sum of the fund’s distributions for the last 12 months, expressed as a percentage of the NAV at the end of the previous month.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 5/15/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.72% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $2,845,724.04 | 3,086,000 | BMT7QC9 |
| 1.45% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,404,628.24 | 2,661,000 | BN2R7D1 |
| 1.36% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,252,714.33 | 2,173,000 | BQB9NW0 |
| 1.28% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,109,818.29 | 2,109,000 | BN2QTP4 |
| 1.27% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,094,228.46 | 2,167,000 | BMWDGR9 |
| 1.25% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $2,059,927.91 | 2,099,000 | BNNTB78 |
| 1.17% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $1,942,145.96 | 2,076,000 | BMYXXP4 |
| 1.14% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,885,646.19 | 1,871,000 | BSMMD99 |
| 1.07% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,768,420.57 | 1,765,000 | BMHYR18 |
| 1.00% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,655,995.53 | 1,662,000 | BNTY069 |
| 0.99% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,630,852.37 | 1,645,000 | BM8H783 |
| 0.94% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,561,945.28 | 1,485,000 | BP6GPK1 |
| 0.93% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $1,535,596.57 | 1,537,000 | BM9QGV5 |
| 0.92% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,515,660.98 | 1,458,000 | BQ67HZ0 |
| 0.89% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,469,751.25 | 1,529,000 | BNBTNV8 |
| 0.83% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,375,382.80 | 1,382,000 | BRK4301 |
| 0.81% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,344,004.72 | 1,420,000 | BMBJVY0 |
| 0.81% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,343,310.37 | 1,321,000 | BPH26F0 |
| 0.80% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,323,405.02 | 1,283,000 | BS2FMQ8 |
| 0.79% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,306,866.80 | 1,290,000 | BPLP3M1 |
| 0.78% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,292,853.88 | 1,384,000 | BMW7NB4 |
| 0.78% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,282,638.64 | 1,240,000 | BS2FZM5 |
| 0.76% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $1,250,025.05 | 1,243,000 | BQ2KRF3 |
| 0.75% | -- | BLOCK INC CALLABLE NOTES FIXED 6.5% 15/MAY/2032 USD 1000 | -- | -- | -- | $1,234,066.90 | 1,210,000 | -- |
| 0.72% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,197,786.81 | 1,170,000 | BRJQLF9 |
| 0.71% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,180,316.05 | 1,211,000 | BL57W73 |
| 0.71% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,173,998.43 | 1,223,000 | BMVXSB8 |
| 0.70% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,161,988.25 | 1,134,000 | BTCCGD1 |
| 0.69% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,141,709.90 | 1,100,000 | BRSF6F2 |
| 0.69% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,134,670.04 | 1,133,000 | BPVDS42 |
| 0.68% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,131,763.19 | 1,173,000 | BN7SNC0 |
| 0.68% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $1,130,704.19 | 1,107,000 | BNDQTF3 |
| 0.68% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $1,125,168.46 | 1,108,000 | BNTZ4D7 |
| 0.68% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $1,116,963.87 | 1,149,000 | BRBCV11 |
| 0.67% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,100,872.63 | 1,201,000 | BQKN5B6 |
| 0.66% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,094,143.88 | 1,085,000 | BPW9BQ2 |
| 0.66% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,085,777.87 | 1,030,000 | BQ80PR5 |
| 0.62% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $1,029,455.51 | 1,023,000 | BSNQ215 |
| 0.62% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,027,603.20 | 1,040,000 | BP812N6 |
| 0.62% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,019,395.00 | 1,000,000 | BR4XVS8 |
| 0.62% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $1,018,214.00 | 1,000,000 | BPH25H5 |
| 0.61% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,008,734.16 | 1,026,000 | BN765Z1 |
| 0.60% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $994,184.15 | 993,000 | BMBN777 |
| 0.60% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $993,379.18 | 1,000,000 | BS9G792 |
| 0.58% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $966,212.41 | 952,000 | BNM6H94 |
| 0.58% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $964,745.40 | 971,000 | BMF9C65 |
| 0.58% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $962,315.70 | 1,060,000 | BS89C64 |
| 0.58% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $953,135.13 | 1,036,000 | BLFGYK7 |
| 0.57% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $950,055.42 | 1,053,000 | BN7RYH9 |
| 0.56% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $931,796.47 | 976,000 | BRQPKY1 |
| 0.56% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $928,241.67 | 995,000 | BMDHSY1 |
| 0.55% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $916,230.39 | 1,004,000 | BMT6QQ0 |
| 0.55% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $907,914.85 | 1,105,000 | BMV1L02 |
| 0.55% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $906,752.53 | 937,000 | BRXCZB7 |
| 0.54% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $899,577.22 | 916,000 | BQXJKM7 |
| 0.53% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $882,316.64 | 989,000 | BNNPV76 |
| 0.53% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $876,539.58 | 835,000 | BPG22V9 |
| 0.53% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $871,421.66 | 865,000 | BS84LN9 |
| 0.51% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $842,238.60 | 803,000 | BRBH8M6 |
| 0.51% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $839,642.67 | 850,000 | BPP2DX9 |
| 0.51% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $836,001.32 | 770,000 | BRCDDH3 |
| 0.51% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $835,268.57 | 844,000 | BPLPFQ9 |
| 0.50% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $829,840.00 | 736,000 | BS2FMP7 |
| 0.50% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $825,836.34 | 894,000 | BMV1LQ8 |
| 0.49% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $811,678.23 | 789,000 | BMVXP62 |
| 0.48% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $797,549.54 | 755,000 | BNQQSS6 |
| 0.48% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $792,318.05 | 810,000 | BNBTL14 |
| 0.48% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $790,865.10 | 826,000 | BJNPGH3 |
| 0.48% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $787,981.24 | 851,000 | BNHW2C5 |
| 0.47% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $781,290.57 | 797,000 | BRT75V6 |
| 0.47% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $780,631.23 | 779,000 | BSVLRC8 |
| 0.47% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $775,166.70 | 782,000 | BM8K1F7 |
| 0.46% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $755,871.49 | 847,000 | BNHS096 |
| 0.46% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $752,319.41 | 750,000 | BT9NKJ1 |
| 0.45% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $746,526.70 | 834,000 | BKVH9C4 |
| 0.45% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $743,475.22 | 738,000 | BNRPC80 |
| 0.45% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $743,084.88 | 727,000 | BR54DP1 |
| 0.45% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $736,904.56 | 709,000 | BLDCK76 |
| 0.44% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $729,369.26 | 748,000 | BQ1PCD2 |
| 0.43% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $718,605.57 | 780,000 | BM8K6S5 |
| 0.43% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $712,343.17 | 721,000 | BMC7DR0 |
| 0.43% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $705,182.92 | 769,000 | BNDLGZ7 |
| 0.42% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $698,695.03 | 729,000 | BMFBJS2 |
| 0.42% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $691,601.29 | 684,000 | BTXQV60 |
| 0.41% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $684,468.27 | 693,000 | BMG68Y5 |
| 0.41% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $674,049.32 | 646,000 | BLC8Z03 |
| 0.40% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $667,543.15 | 690,000 | BS6V604 |
| 0.40% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $656,372.45 | 701,000 | BPG27W5 |
| 0.39% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $650,812.97 | 628,000 | BLDCTF7 |
| 0.39% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $649,527.51 | 649,000 | BTCK903 |
| 0.39% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $645,085.07 | 635,000 | BRZWYJ6 |
| 0.39% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $644,063.35 | 679,000 | BNHT925 |
| 0.39% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $637,884.81 | 624,000 | BS7XRZ1 |
| 0.38% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $632,707.25 | 573,000 | BR1H4Z1 |
| 0.38% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $629,386.37 | 646,000 | BMVVY70 |
| 0.38% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $623,094.57 | 614,000 | BMYMZT9 |
| 0.37% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $619,498.30 | 610,000 | BQB88K0 |
| 0.37% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $615,468.01 | 665,000 | BPVBYZ9 |
| 0.37% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $611,441.98 | 653,000 | BLC9L19 |
| 0.36% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $601,378.83 | 622,000 | BMW5D63 |
| 0.36% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $599,771.47 | 606,000 | BP091F3 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $596,870.01 | 581,000 | BPX27Q2 |
| 0.36% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $593,645.04 | 614,000 | BMTN6F0 |
| 0.36% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $588,214.41 | 569,000 | BMCGQM3 |
| 0.35% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $575,055.84 | 609,000 | BMXC0P1 |
| 0.35% | -- | CELANESE US HOLDINGS LLC | 6.42% | 07/15/2027 | -- | $573,865.19 | 562,000 | BP9RBF8 |
| 0.35% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $572,239.33 | 630,000 | BP7LR98 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $570,628.52 | 556,000 | BNRPV83 |
| 0.34% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $569,938.28 | 546,000 | BT3NFD6 |
| 0.34% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $565,264.77 | 557,000 | BMFKW46 |
| 0.34% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $563,696.65 | 640,000 | BMFBJQ0 |
| 0.34% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $557,106.07 | 536,000 | BRC2671 |
| 0.33% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $541,223.16 | 542,000 | BSHT8Y5 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $539,492.19 | 529,000 | BR2NN28 |
| 0.33% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $538,075.18 | 592,000 | BPLFC68 |
| 0.32% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $535,871.95 | 523,000 | BMCMQL0 |
| 0.32% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $531,751.37 | 770,000 | BM93J39 |
| 0.32% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $531,474.63 | 542,000 | BMXHJH1 |
| 0.32% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $531,047.28 | 550,000 | BN0ZRZ9 |
| 0.32% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $530,116.07 | 558,000 | BQ9D885 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $528,912.23 | 513,000 | BQ68CL4 |
| 0.32% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $528,252.61 | 563,000 | BS3BCF4 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $525,458.45 | 503,000 | BRRG7V9 |
| 0.32% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $525,023.10 | 521,000 | BTTRMX1 |
| 0.32% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $523,780.40 | 520,000 | BMC94W8 |
| 0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $521,358.86 | 529,000 | BMW2W01 |
| 0.31% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $520,418.88 | 502,000 | BPBRSM2 |
| 0.31% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $515,565.81 | 1,134,000 | BMW7N92 |
| 0.31% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $514,229.00 | 500,000 | BMVXP51 |
| 0.31% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $508,422.64 | 507,000 | BQ3QRD8 |
| 0.31% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $508,371.27 | 532,000 | BM9PWX6 |
| 0.31% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $507,640.00 | 784,000 | BM9TR00 |
| 0.31% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $507,322.50 | 519,000 | BL54J73 |
| 0.30% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $503,813.37 | 539,000 | BKPMPR2 |
| 0.30% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $503,423.50 | 500,000 | BRT7527 |
| 0.30% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $501,575.97 | 500,000 | BSNZ6B0 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $500,461.99 | 489,000 | BT3CPW2 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $498,268.35 | 450,000 | BR1YSV6 |
| 0.30% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $495,514.88 | 560,000 | BMG3813 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $494,684.23 | 495,000 | BN6MM59 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $493,566.56 | 485,000 | BP092B6 |
| 0.30% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $492,995.80 | 556,000 | BKPJT48 |
| 0.30% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $492,938.42 | 467,000 | BS88506 |
| 0.29% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $486,413.60 | 484,000 | BTTRLD4 |
| 0.29% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $486,292.22 | 460,000 | BL6CM66 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $484,445.38 | 464,000 | BQKRVC1 |
| 0.29% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $482,684.70 | 500,000 | BRXZ215 |
| 0.29% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $482,631.37 | 521,000 | BN6KWY2 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $480,203.49 | 467,000 | BMCGQ56 |
| 0.29% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $479,278.21 | 481,000 | BPK4CP5 |
| 0.29% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $476,916.46 | 572,000 | BNQPRV9 |
| 0.29% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $474,241.25 | 653,000 | BPGM651 |
| 0.28% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $468,404.31 | 492,000 | BMY8TS4 |
| 0.28% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $465,380.74 | 462,000 | BLSN159 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $464,003.55 | 495,000 | BMH29D8 |
| 0.28% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $462,715.45 | 445,000 | BRBCTZ1 |
| 0.28% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $462,678.50 | 483,000 | BM8H4Y8 |
| 0.28% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $461,467.72 | 465,000 | BMD14K1 |
| 0.28% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $461,082.64 | 496,000 | BLN9LB8 |
| 0.28% | -- | OWENS & MINOR INC | 10.00% | 04/15/2030 | -- | $459,528.52 | 440,000 | BRF4GB8 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $458,176.95 | 450,000 | BP5JP78 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $456,419.12 | 441,000 | BPLL6H5 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $454,109.07 | 489,000 | BR4ZG56 |
| 0.27% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $453,830.87 | 446,000 | BMZBL86 |
| 0.27% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $452,301.75 | 450,000 | BR53N25 |
| 0.27% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $450,910.11 | 471,000 | BNM5Z19 |
| 0.27% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $447,129.06 | 420,000 | BMGC188 |
| 0.27% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $445,537.40 | 440,000 | BS9C5X0 |
| 0.27% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $444,910.13 | 442,000 | BRK14M1 |
| 0.27% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $444,558.69 | 426,000 | BMZMHS1 |
| 0.27% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $443,739.43 | 919,000 | BN6JYJ8 |
| 0.27% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $442,888.40 | 502,000 | BMFNDV9 |
| 0.27% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $442,427.49 | 1,169,000 | BQWNRK7 |
| 0.26% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $436,110.13 | 455,000 | BMFNGQ5 |
| 0.26% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $433,373.97 | 436,000 | BN95KZ1 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $430,186.76 | 443,000 | BMHBB51 |
| 0.26% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $427,504.17 | 497,000 | BM94BT2 |
| 0.26% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $425,865.83 | 399,000 | BMJ0LG7 |
| 0.26% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $422,367.49 | 457,000 | BT7JWZ1 |
| 0.25% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $421,343.47 | 419,000 | BM8SW92 |
| 0.25% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $419,670.23 | 471,000 | BMBVFS8 |
| 0.25% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $415,253.71 | 443,000 | BMW4P42 |
| 0.24% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $401,864.48 | 452,000 | BP4Z8H8 |
| 0.24% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $401,381.76 | 384,000 | BNRPLW7 |
| 0.24% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $400,094.93 | 431,000 | BRPT5J4 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $399,073.29 | 422,000 | BP83D39 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $388,625.50 | 383,000 | BP092P0 |
| 0.23% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $385,567.50 | 382,000 | BRBDSH9 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $384,509.36 | 382,000 | BRBVMG0 |
| 0.23% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $379,547.85 | 394,000 | BMBV4H0 |
| 0.23% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $376,503.26 | 451,000 | BSKP420 |
| 0.23% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $374,167.31 | 424,000 | BNKLFF3 |
| 0.22% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $369,812.50 | 485,000 | BMH8323 |
| 0.21% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $353,825.27 | 354,000 | BM9YJB0 |
| 0.21% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $353,327.01 | 356,000 | BQB7JV5 |
| 0.21% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $348,075.19 | 384,000 | BNM51T9 |
| 0.19% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $317,757.39 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $311,481.42 | 301,000 | BMJ0L90 |
| 0.17% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $286,907.12 | 296,000 | BNTBJ41 |
| 0.17% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $286,050.09 | 287,000 | BV0YZ47 |
| 0.17% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $275,877.42 | 260,000 | BR1H7L8 |
| 0.16% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $271,000.00 | 271,000 | BP946X2 |
| 0.15% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $251,092.32 | 259,000 | BP815Z9 |
| 0.15% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $249,970.92 | 247,000 | BMXHQ92 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $247,034.07 | 285,000 | BM9SD09 |
| 0.14% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $228,252.19 | 214,000 | BQFHT88 |
| 0.12% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $199,758.38 | 211,000 | BNW2059 |
| 0.12% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $199,180.13 | 232,000 | BMDB423 |
| 0.12% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $192,893.67 | 175,000 | BR1YST4 |
| 0.12% | -- | SAKS GLOBAL ENTERPRISES | 11.00% | 12/15/2029 | -- | $192,813.33 | 416,000 | BS495M5 |
| 0.10% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $165,404.16 | 183,000 | BMD9BZ9 |
| 0.09% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $155,365.31 | 166,000 | BNKFMN2 |
| 0.09% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $143,495.09 | 155,000 | BM9NG16 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $134,147.19 | 148,000 | BN7S9F5 |
| 0.07% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $120,395.00 | 199,000 | BP0X973 |
| 0.06% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $101,126.09 | 204,000 | BM9M1M9 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $86,701.52 | 97,000 | BLD7383 |
| 0.04% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $73,627.80 | 76,000 | BLCC408 |
| 0.04% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $65,315.73 | 96,000 | BP9LWV3 |
| 0.03% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $47,677.09 | 72,000 | BMF4PW7 |
| 0.02% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $27,133.35 | 27,000 | BP4YGK4 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $10,597.27 | 12,000 | BLDBLN6 |
| -- | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $2,079.05 | 2,000 | BS7Y6M4 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -11.40% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2025 TYM5 COMDTY | -- | -- | -18,852,750 | -- | -171 | -- |
| -22.38% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2025 TUM5 COMDTY | -- | -- | -37,001,258 | -- | -179 | -- |
| -57.39% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2025 FVM5 COMDTY | -- | -- | -94,865,805 | -- | -881 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $9,153,357.76 | 9,153,358 | -- |
Index
as of 3/31/2025
- Total Number of Issues240
- Long Portfolio Duration3.52
- Net Effective Duration0.03
- Long Portfolio Yield7.98
- Net Index Yield8.34
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