HYHG
High Yield—Interest Rate Hedged
Why Invest in 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.
Why Invest in 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
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 |
---|---|---|---|---|---|---|---|---|---|---|
HYHG Market Price | 2.10% | 4.63% | 6.97% | 2.26% | 13.24% | 6.48% | 5.05% | 3.35% | 3.51% | 05/21/2013 |
HYHG NAV | 1.74% | 4.01% | 6.76% | 1.86% | 12.67% | 6.34% | 4.94% | 3.35% | 3.47% | 05/21/2013 |
FTSE High Yield (Treasury Rate-Hedged) Index | 1.86% | 4.28% | 6.78% | 1.96% | 12.93% | 6.68% | 5.33% | 4.07% | 4.21% | -- |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
HYHG Market Price | 2.31% | 4.59% | 6.84% | 14.69% | 14.69% | 6.04% | 6.00% | 3.18% | 3.35% | 05/21/2013 |
HYHG NAV | 2.11% | 4.62% | 7.33% | 14.60% | 14.60% | 6.00% | 5.98% | 3.28% | 3.35% | 05/21/2013 |
FTSE High Yield (Treasury Rate-Hedged) Index | 2.28% | 4.65% | 7.19% | 14.97% | 14.97% | 6.34% | 6.39% | 4.02% | 4.08% | -- |
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 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 6.91%
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 7.39%
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 7.82% - Net Effective Duration -0.15%
Price
as of 3/27/2024- NAV $63.89
- NAV Change $-0.05
- Market Price $63.97
- Market Price Change $-0.09
- Trading Volume (M) 6,391
- 30-Day Median Bid Ask Spread 0.56%
- View Premium / Discount
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Unitary Expense Ratio 0.50%
- 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 6.91%
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 7.39%
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 7.82%
- Net Effective Duration -0.15%
Price
as of 3/27/2024- NAV $63.89
- NAV Change $-0.05
- Market Price $63.97
- Market Price Change $-0.09
- Trading Volume (M) 6,391
- 30-Day Median Bid Ask Spread 0.56%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 3/27/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.82% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $2,436,050.53 | 2,491,000 | BM9QGV5 |
1.43% | -- | ORGANON & CO/ORG | 4.13% | 04/30/2028 | -- | $1,921,417.06 | 2,068,000 | BMV1LQ8 |
1.42% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,907,048.05 | 2,019,000 | BN765Z1 |
1.23% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,655,261.91 | 1,614,000 | BPX27Q2 |
1.21% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,625,707.81 | 1,719,000 | BN2QTP4 |
1.18% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $1,581,754.92 | 1,942,000 | BN2R7D1 |
1.14% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,532,890.36 | 1,523,000 | BQ67HZ0 |
0.99% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,323,315.57 | 1,294,000 | BQB9NW0 |
0.97% | -- | MAUSER PACKAGING SOLUT | 7.88% | 08/15/2026 | -- | $1,305,775.88 | 1,285,000 | BQB4RH8 |
0.93% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,249,498.17 | 1,265,000 | BMHYR18 |
0.91% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,220,531.38 | 1,132,000 | BQ80PR5 |
0.90% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $1,205,632.81 | 1,358,000 | BMT6QQ0 |
0.88% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,178,111.19 | 1,169,000 | BPLP3M1 |
0.87% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,172,147.90 | 1,239,000 | BMWDGR9 |
0.83% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $1,111,037.87 | 1,161,000 | BMZRC58 |
0.81% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $1,089,821.15 | 1,196,000 | BMW4P42 |
0.79% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,063,030.08 | 1,144,000 | BNTY069 |
0.79% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,053,810.29 | 1,057,000 | BPVDS42 |
0.78% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,050,855.00 | 1,032,000 | BS2FZM5 |
0.78% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,046,780.00 | 1,000,000 | BL6CM66 |
0.77% | -- | UNITED AIRLINES INC | 4.63% | 04/15/2029 | -- | $1,034,659.00 | 1,116,000 | BMG8788 |
0.76% | -- | DISH DBS CORP | 5.25% | 12/01/2026 | -- | $1,013,942.65 | 1,284,000 | BNRLYV5 |
0.75% | -- | AMERICAN AIRLINES/AADVAN | 5.50% | 04/20/2026 | -- | $1,012,604.88 | 1,019,250 | BM8H716 |
0.75% | -- | SIRIUS XM RADIO INC | 4.00% | 07/15/2028 | -- | $1,005,399.73 | 1,101,000 | BMBJVY0 |
0.75% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $1,000,747.66 | 1,039,000 | BP0X973 |
0.73% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $978,539.52 | 960,000 | BMYMZT9 |
0.73% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $976,003.66 | 1,099,000 | BPVBYZ9 |
0.72% | -- | CARNIVAL CORP | 4.00% | 08/01/2028 | -- | $968,567.76 | 1,042,000 | BMD9Z35 |
0.72% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $967,248.75 | 1,023,000 | BQKN5B6 |
0.72% | -- | POST HOLDINGS INC | 4.63% | 04/15/2030 | -- | $961,985.50 | 1,048,000 | BLCF601 |
0.71% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $949,730.07 | 922,000 | BRK4301 |
0.71% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $949,449.82 | 967,000 | BM8H783 |
0.71% | -- | CALPINE CORP | 4.50% | 02/15/2028 | -- | $947,821.76 | 1,002,000 | BJVS9S6 |
0.69% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $931,606.35 | 976,000 | BRJQLF9 |
0.69% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $923,142.05 | 916,000 | BNDQTF3 |
0.68% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $908,849.80 | 993,000 | BNHT925 |
0.67% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $897,674.36 | 879,000 | BPG22V9 |
0.67% | -- | ICAHN ENTERPRISES/FIN | 6.25% | 05/15/2026 | -- | $896,080.57 | 917,000 | BJ11SH7 |
0.66% | -- | PRIME SECSRVC BRW/FINANC | 5.75% | 04/15/2026 | -- | $879,349.15 | 883,000 | BJTRRK3 |
0.65% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $870,981.64 | 843,000 | BR1H7L8 |
0.65% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $868,410.39 | 967,000 | BMG1HP4 |
0.63% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $843,065.31 | 862,000 | BMG68Y5 |
0.62% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $833,561.42 | 914,000 | BN7SNC0 |
0.61% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $812,992.83 | 932,000 | BN7RYH9 |
0.60% | -- | UBER TECHNOLOGIES INC | 7.50% | 09/15/2027 | -- | $810,054.40 | 791,000 | BKPQNG9 |
0.59% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $795,718.92 | 862,000 | BNW2059 |
0.59% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $790,563.14 | 884,000 | BMW7NB4 |
0.59% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $787,488.60 | 873,000 | BLN9LB8 |
0.58% | -- | UNICREDIT SPA | 7.30% | 04/02/2034 | -- | $782,568.56 | 760,000 | BJ0CMN5 |
0.58% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $780,011.77 | 848,000 | BNNPV76 |
0.58% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $776,443.36 | 826,000 | BJNPGH3 |
0.58% | -- | WINDSTREAM ESCROW LLC | 7.75% | 08/15/2028 | -- | $775,742.18 | 840,000 | BMH17V9 |
0.57% | -- | UNITED RENTALS NORTH AMERICA INC CALLABLE NOTES FIXED 6.125% 15/MAR/2034 USD 1000 | -- | -- | -- | $771,519.21 | 770,000 | -- |
0.57% | -- | NFP CORP | 6.88% | 08/15/2028 | -- | $764,785.48 | 756,000 | BLD6JG0 |
0.57% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $762,286.70 | 847,000 | BKPMPR2 |
0.56% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $756,995.75 | 822,000 | BNNTB78 |
0.56% | -- | NCL CORPORATION LTD | 5.88% | 03/15/2026 | -- | $751,732.44 | 761,000 | BMB5SR0 |
0.54% | -- | ALTICE FRANCE SA | 5.13% | 07/15/2029 | -- | $727,579.40 | 1,061,000 | BM9V193 |
0.53% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $711,493.48 | 665,000 | BRT75V6 |
0.53% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $705,031.32 | 662,000 | BRBH8M6 |
0.52% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $695,849.07 | 721,000 | BMC7DR0 |
0.51% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $680,934.99 | 748,000 | BQ1PCD2 |
0.50% | -- | AIR CANADA | 3.88% | 08/15/2026 | -- | $676,376.72 | 711,000 | BNNNHG1 |
0.50% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $672,617.59 | 783,000 | BP7LR98 |
0.50% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $671,134.16 | 735,000 | BNTBJ41 |
0.50% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $670,491.74 | 628,000 | BLDCTF7 |
0.50% | -- | CSC HOLDINGS LLC | 5.75% | 01/15/2030 | -- | $668,376.23 | 1,261,000 | BKFH0Y9 |
0.50% | -- | CLEAR CHANNEL OUTDOOR HO | 5.13% | 08/15/2027 | -- | $664,296.54 | 705,000 | BJ9NFT6 |
0.48% | -- | ROYAL CARIBBEAN CRUISES LTD CALLABLE NOTES FIXED 6.25% 15/MAR/2032 USD 1000 | -- | -- | -- | $649,157.93 | 644,000 | -- |
0.48% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $643,623.90 | 921,000 | BLBQF75 |
0.47% | -- | VERITAS US INC/BERMUDA L | 7.50% | 09/01/2025 | -- | $632,809.97 | 690,000 | BL6B0F8 |
0.47% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $626,266.67 | 611,000 | BPG27W5 |
0.46% | -- | SELECT MEDICAL CORP | 6.25% | 08/15/2026 | -- | $620,176.10 | 619,000 | BKPHQM9 |
0.46% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $618,238.69 | 596,000 | BLC8Z03 |
0.46% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $617,270.11 | 592,000 | BNRPC80 |
0.46% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $612,339.47 | 548,000 | BR1YST4 |
0.45% | -- | ALLIED UNIVERSAL | 9.75% | 07/15/2027 | -- | $607,544.09 | 606,000 | BJYCQ84 |
0.44% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $594,267.83 | 650,000 | BLSN159 |
0.44% | -- | BLOCK INC | 2.75% | 06/01/2026 | -- | $592,724.30 | 633,000 | BMX4FJ6 |
0.44% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $592,502.80 | 622,000 | BLCC408 |
0.44% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $587,197.05 | 550,000 | BRCDDH3 |
0.43% | -- | STAPLES INC | 10.75% | 04/15/2027 | -- | $581,855.25 | 613,000 | BK0L4Q6 |
0.43% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $581,348.84 | 612,000 | BKPGFV8 |
0.43% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $580,307.54 | 542,000 | BQFHT88 |
0.43% | -- | NOVELIS CORP | 4.75% | 01/30/2030 | -- | $577,367.36 | 624,000 | BKLPSC1 |
0.43% | -- | STANDARD INDUSTRIES INC | 4.38% | 07/15/2030 | -- | $576,206.56 | 642,000 | BMYXXP4 |
0.43% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $575,044.83 | 687,000 | BMFBJQ0 |
0.42% | -- | ALTICE FRANCE SA | 5.50% | 10/15/2029 | -- | $567,772.45 | 827,000 | BMXJSV4 |
0.42% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $557,026.67 | 589,000 | BM8H4Y8 |
0.41% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $554,760.00 | 828,000 | BNBTNV8 |
0.41% | -- | SOUTHWESTERN ENERGY CO | 4.75% | 02/01/2032 | -- | $551,289.72 | 600,000 | BMH4406 |
0.41% | -- | IQVIA INC | 5.00% | 05/15/2027 | -- | $548,465.92 | 562,000 | BK62T46 |
0.40% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $539,525.50 | 500,000 | BS3BCF4 |
0.40% | -- | HUSKY INJECTION MOLDING SYSTEMS LTD / TITAN CO-BORROWER LLC CALLABLE BOND FIXED 9% 15/FEB/2029 USD 1000 | -- | -- | -- | $531,360.35 | 514,000 | -- |
0.39% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $520,641.62 | 506,000 | BPK4CP5 |
0.39% | -- | ELECTRICITE DE FRANCE SA | 9.13% | -- | -- | $516,924.80 | 470,000 | BQKRVG5 |
0.38% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $513,781.09 | 598,000 | BM94BT2 |
0.38% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $509,425.72 | 477,000 | BR1H4Z1 |
0.37% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $502,958.77 | 552,000 | BMFNGQ5 |
0.37% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $501,359.19 | 497,000 | BQB88K0 |
0.37% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $499,940.10 | 558,000 | BLDBLN6 |
0.37% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $498,751.25 | 500,000 | BPW9BQ2 |
0.37% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $496,214.15 | 500,000 | BS7Y6M4 |
0.37% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $493,883.97 | 549,000 | BPLFC68 |
0.37% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $493,760.09 | 521,000 | BMVVY70 |
0.36% | -- | HAWAIIAN BRAND INTELLECT | 5.75% | 01/20/2026 | -- | $486,610.70 | 518,000 | BMGWDD7 |
0.36% | -- | NEXSTAR MEDIA INC | 5.63% | 07/15/2027 | -- | $482,773.31 | 503,000 | BJXR8L7 |
0.36% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $482,572.25 | 500,000 | BPP2DX9 |
0.36% | -- | VERICAST CORP | 11.00% | 09/15/2026 | -- | $481,312.50 | 453,000 | BP96BJ9 |
0.36% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $478,499.82 | 453,000 | BMCMQL0 |
0.35% | -- | MOHEGAN TRIBAL GAMING AU | 8.00% | 02/01/2026 | -- | $473,018.94 | 486,000 | BMYW168 |
0.35% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $472,323.01 | 561,000 | BKVH9C4 |
0.35% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $471,613.95 | 450,000 | BR53N25 |
0.35% | -- | STAPLES INC | 7.50% | 04/15/2026 | -- | $470,927.75 | 483,000 | BK0L4K0 |
0.35% | -- | CHS/COMMUNITY HEALTH SYS | 5.25% | 05/15/2030 | -- | $470,197.96 | 576,000 | BPVBWV1 |
0.35% | -- | ROYAL CARIBBEAN CRUISES | 5.50% | 04/01/2028 | -- | $468,435.71 | 474,000 | BN486D5 |
0.35% | -- | RHP HOTEL PROPERTIES LP / RHP FINANCE CORP CALLABLE NOTES FIXED 6.5% 01/APR/2032 USD 1000 | -- | -- | -- | $466,104.28 | 464,000 | -- |
0.35% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $463,554.92 | 509,000 | BLC9L19 |
0.35% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $463,404.72 | 519,000 | BMT7QC9 |
0.34% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $456,679.47 | 446,000 | BNKBFF3 |
0.34% | -- | UNITED AIRLINES INC | 4.38% | 04/15/2026 | -- | $454,927.74 | 471,000 | BMG8799 |
0.33% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $448,960.65 | 514,000 | BMX50K5 |
0.33% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $448,298.86 | 457,000 | BQ3QRD8 |
0.33% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $447,432.66 | 443,000 | BMFKW46 |
0.33% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $446,352.90 | 420,000 | BMGC188 |
0.33% | -- | NCR VOYIX CORP | 5.13% | 04/15/2029 | -- | $441,623.71 | 476,000 | BL6KR10 |
0.33% | -- | TRIUMPH GROUP INC | 9.00% | 03/15/2028 | -- | $440,219.75 | 417,000 | BQT56H6 |
0.32% | -- | CRESCENT ENERGY FINANCE | 9.25% | 02/15/2028 | -- | $433,491.15 | 411,000 | BPQYX34 |
0.32% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $431,427.12 | 419,000 | BPLL6H5 |
0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $427,698.35 | 449,000 | BMW2W01 |
0.32% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $425,343.60 | 400,000 | BR1YSV6 |
0.32% | -- | SOUTHWESTERN ENERGY CO | 5.38% | 03/15/2030 | -- | $423,344.37 | 440,000 | BMDVV88 |
0.32% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 10/15/2027 | -- | $423,105.51 | 430,000 | BJK69N6 |
0.32% | -- | CCO HLDGS LLC/CAP CORP | 4.75% | 03/01/2030 | -- | $423,098.33 | 491,000 | BK6WV51 |
0.31% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $421,151.81 | 400,000 | BRT7527 |
0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $419,172.77 | 488,000 | BKPJT48 |
0.31% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $414,660.40 | 400,000 | BP5JP78 |
0.31% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $413,137.37 | 443,000 | BMHBB51 |
0.31% | -- | HERC HOLDINGS INC | 5.50% | 07/15/2027 | -- | $412,032.85 | 420,000 | BHWTW85 |
0.31% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $409,510.95 | 438,000 | BMW5D63 |
0.30% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $407,017.60 | 552,000 | BP4Z8H8 |
0.29% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $393,310.58 | 456,000 | BNM51T9 |
0.29% | -- | CALPINE CORP | 5.13% | 03/15/2028 | -- | $392,646.54 | 409,000 | BKZMMC6 |
0.29% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $390,983.56 | 523,000 | BN6JYJ8 |
0.29% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $389,513.02 | 432,000 | BNQPRV9 |
0.29% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $388,380.90 | 500,000 | BMDHSY1 |
0.29% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $387,722.63 | 422,000 | BP83D39 |
0.29% | -- | ILIAD HOLDING SAS | 6.50% | 10/15/2026 | -- | $386,762.24 | 391,000 | BLCW8V7 |
0.29% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $383,813.70 | 393,000 | BMTN6F0 |
0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $380,774.14 | 415,000 | BNM5Z19 |
0.28% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $380,065.37 | 373,000 | BM8K1F7 |
0.28% | -- | EQM MIDSTREAM PARTNERS L | 4.75% | 01/15/2031 | -- | $378,033.24 | 407,000 | BMD50V6 |
0.28% | -- | VISTRA CORP | 5.00% | 07/31/2027 | -- | $377,291.81 | 391,000 | BHRH886 |
0.28% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $374,346.65 | 410,000 | BM9PWX6 |
0.28% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $370,668.22 | 370,000 | BMCGQ56 |
0.28% | -- | BOMBARDIER INC | 7.13% | 06/15/2026 | -- | $370,256.37 | 365,000 | BMVZBM6 |
0.28% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $369,445.94 | 435,000 | BMH8323 |
0.27% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $363,443.72 | 394,000 | BMBV4H0 |
0.27% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $362,808.13 | 367,000 | BMVXP62 |
0.27% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $362,071.11 | 350,000 | BRBCTZ1 |
0.27% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $361,883.57 | 392,000 | BMXHJH1 |
0.27% | -- | TRIVIUM PACKAGING FIN | 5.50% | 08/15/2026 | -- | $360,728.78 | 367,000 | BK0YKJ0 |
0.27% | -- | CEDAR FAIR/CAN/MAGNUM/MI | 5.50% | 05/01/2025 | -- | $360,657.71 | 362,000 | BMTRDY0 |
0.27% | -- | CITGO PETROLEUM CORP | 7.00% | 06/15/2025 | -- | $358,704.69 | 359,000 | BM9SDG5 |
0.27% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $355,882.55 | 398,000 | BMD9BZ9 |
0.26% | -- | COMMSCOPE INC | 4.75% | 09/01/2029 | -- | $353,925.00 | 495,000 | BLDBLL4 |
0.26% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $353,265.32 | 365,000 | BMD14K1 |
0.26% | -- | NMG HLDCO/NEIMAN MARCUS | 7.13% | 04/01/2026 | -- | $347,393.40 | 354,000 | BNRLH72 |
0.26% | -- | UBER TECHNOLOGIES INC | 4.50% | 08/15/2029 | -- | $345,093.73 | 364,000 | BNSNM61 |
0.25% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $341,408.02 | 424,000 | BNKLFF3 |
0.25% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $338,625.09 | 615,000 | BLB14D9 |
0.25% | -- | ARDAGH PKG FIN/HLDGS USA | 4.13% | 08/15/2026 | -- | $337,469.29 | 372,000 | BK5HL35 |
0.25% | -- | 1011778 BC / NEW RED FIN | 3.88% | 01/15/2028 | -- | $336,593.89 | 358,000 | BJJJT70 |
0.25% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $332,802.56 | 336,000 | BN95KZ1 |
0.25% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2027 | -- | $331,022.36 | 334,000 | BNHV2Z5 |
0.25% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $329,372.18 | 361,000 | BNKFMN2 |
0.25% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $329,294.86 | 384,000 | BN6KWY2 |
0.24% | -- | VIRGIN MEDIA SECURED FIN | 5.50% | 05/15/2029 | -- | $325,352.58 | 353,000 | BJDQX75 |
0.24% | -- | USA COMPRESSION PARTNERS LP / USA COMPRESSION FINANCE CORP CALLABLE NOTES FIXED 7.125% 15/MAR/2029 USD 1000 | -- | -- | -- | $324,180.88 | 319,000 | -- |
0.24% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $321,982.46 | 356,000 | BMY8TS4 |
0.24% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $317,072.23 | 360,000 | BNHW2C5 |
0.23% | -- | RAKUTEN GROUP INC | 6.25% | -- | -- | $314,697.45 | 421,000 | BP2FD31 |
0.23% | -- | AMC NETWORKS INC | 4.25% | 02/15/2029 | -- | $314,480.39 | 440,000 | BLCHH93 |
0.23% | -- | STANDARD INDUSTRIES INC | 3.38% | 01/15/2031 | -- | $313,824.30 | 374,000 | BMFNDV9 |
0.23% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $313,638.60 | 300,000 | BNQQSS6 |
0.23% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $311,209.62 | 301,000 | BMZMHS1 |
0.23% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $310,043.95 | 659,000 | BM9TR00 |
0.23% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $307,223.50 | 330,000 | BJLTTQ7 |
0.23% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $305,404.01 | 373,000 | BLBQFB9 |
0.22% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $301,543.89 | 441,000 | BMF4PW7 |
0.22% | -- | GRAY TELEVISION INC | 5.38% | 11/15/2031 | -- | $301,111.78 | 458,000 | BM93J39 |
0.22% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $296,993.42 | 332,000 | BLFGYK7 |
0.22% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $296,952.12 | 324,000 | BMH29D8 |
0.21% | -- | NEWS CORP | 3.88% | 05/15/2029 | -- | $286,016.99 | 313,000 | BMV9PS2 |
0.21% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $282,049.70 | 366,000 | BP9LWV3 |
0.21% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $281,729.01 | 300,000 | BM9QJS3 |
0.19% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $250,862.03 | 256,000 | BQB7JV5 |
0.19% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $249,852.67 | 293,000 | BMG3813 |
0.18% | -- | TRANSOCEAN INC | 8.75% | 02/15/2030 | -- | $238,106.79 | 228,600 | BL0NW76 |
0.18% | -- | CMG MEDIA CORPORATION | 8.88% | 12/15/2027 | -- | $235,169.94 | 353,000 | BK7CY84 |
0.17% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $233,845.36 | 246,000 | BMDB423 |
0.17% | -- | WESCO DISTRIBUTION INC | 7.13% | 06/15/2025 | -- | $223,163.68 | 223,000 | BMYMZS8 |
0.17% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $221,594.27 | 268,000 | BNHS096 |
0.16% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $215,362.97 | 425,000 | BM9M1M9 |
0.16% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $210,769.90 | 238,000 | BN7S9F5 |
0.15% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $199,329.00 | 211,000 | BL57W73 |
0.14% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $182,861.18 | 178,000 | BQKRVC1 |
0.13% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $180,019.64 | 198,000 | BMVXSB8 |
0.12% | -- | ALBERTSONS COS/SAFEWAY | 4.63% | 01/15/2027 | -- | $165,466.08 | 171,000 | BK0SQV6 |
0.12% | -- | PG&E CORP | 5.00% | 07/01/2028 | -- | $157,987.10 | 164,000 | BLCC3Z6 |
0.11% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $152,493.23 | 165,000 | BP815Z9 |
0.10% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $140,875.53 | 152,000 | BMF4PS3 |
0.10% | -- | PRIME SECSRVC BRW/FINANC | 6.25% | 01/15/2028 | -- | $137,245.95 | 140,000 | BKVKXB0 |
0.09% | -- | SIRIUS XM RADIO INC | 3.88% | 09/01/2031 | -- | $121,597.63 | 146,000 | BM9SD09 |
0.08% | -- | CAESARS ENTERTAIN INC | 8.13% | 07/01/2027 | -- | $102,382.50 | 100,000 | BLFBXK5 |
0.07% | -- | TRANSDIGM INC CALLABLE NOTES FIXED 6.375% 01/MAR/2029 USD 1000 | -- | -- | -- | $100,326.75 | 100,000 | -- |
0.05% | -- | ICAHN ENTERPRISES/FIN | 5.25% | 05/15/2027 | -- | $63,928.39 | 69,000 | BLGSGV7 |
0.04% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $56,839.36 | 60,000 | BNBTL14 |
0.03% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $37,636.35 | 42,000 | BMXC0P1 |
0.02% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $22,480.69 | 23,000 | BMDXC58 |
-- | -- | ORGANON & CO/ORG | 5.13% | 04/30/2031 | -- | $2,641.45 | 3,000 | BMV1L02 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,601,365.41 | 6,601,365 | -- |
-25.70% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2024 TYM4 COMDTY | -- | -- | -34,482,125 | -- | -311 | -- |
-31.58% | -- | US 2YR NOTE (CBT) BOND 28/JUN/2024 TUM4 COMDTY | -- | -- | -42,370,313 | -- | -207 | -- |
-37.37% | -- | US 5YR NOTE (CBT) BOND 28/JUN/2024 FVM4 COMDTY | -- | -- | -50,138,156 | -- | -468 | -- |
Index
as of 12/29/2023
- Total Number of Issues229
- Long Portfolio Duration3.50
- Net Effective Duration0.00
- Long Portfolio Yield7.84
- Net Index Yield9.31
About the Index
The index is comprised of (a) long positions in USD-denominated high yield corporate bonds ("high yield bonds") and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration. In entering these positions, the index seeks to achieve an overall effective duration of zero.
By taking such short positions, the index seeks to mitigate the potential negative impact of rising Treasury interest rates ("interest rates") on the performance of high yield 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 high yield bonds, such as credit risk, which may have a greater impact than rising or falling interest rates.
The long high yield corporate bond positions included in the index are designed to represent the more liquid universe of high yield bonds for sale within the United States. Currently, the bonds eligible for inclusion in the index include high yield bonds that are issued by companies domiciled in the U.S. and Canada, and that are: fixed rate (including callable bonds); have a maximum rating of Ba1/BB+ by both Moody's Investors Service, Inc. ("Moody's") and Standard and Poor's Financial Services, LLC ("S&P"); and are subject to minimum issue outstanding, minimum time to maturity and maximum time from issuance criteria. Pay-in-kind bonds (which allow issuers the option of paying bondholders interest in additional securities or cash) are excluded. No more than two issues from each issuer are allowed, and no more than 2% of the index is allocated to any single issuer.
The index is reconstituted and rebalanced (including a reset of the duration-equivalent short position in Treasury Securities) 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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