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 | 1.09% | 2.36% | 6.06% | 2.36% | 12.18% | 3.69% | 4.31% | 2.92% | 3.18% | 11/05/2013 |
IGHG NAV | 0.84% | 2.37% | 5.67% | 2.37% | 12.69% | 4.00% | 4.31% | 2.99% | 3.17% | 11/05/2013 |
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.88% | 2.55% | 6.33% | 2.55% | 13.30% | 4.77% | 4.72% | 3.32% | 3.54% | -- |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
IGHG Market Price | 1.09% | 2.36% | 6.06% | 2.36% | 12.18% | 3.69% | 4.31% | 2.92% | 3.18% | 11/05/2013 |
IGHG NAV | 0.84% | 2.37% | 5.67% | 2.37% | 12.69% | 4.00% | 4.31% | 2.99% | 3.17% | 11/05/2013 |
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.88% | 2.55% | 6.33% | 2.55% | 13.30% | 4.77% | 4.72% | 3.32% | 3.54% | -- |
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
Characteristics
as of 4/30/2024- 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.
- 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.
- Weighted Average Yield to
Maturity-- - Net Effective Duration --
Price
as of 5/03/2024- NAV $76.64
- NAV Change $+0.07
- Market Price $76.77
- Market Price Change $+0.09
- Trading Volume (M) 16,198
- 30-Day Median Bid Ask Spread 0.14%
- 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
Characteristics
as of 4/30/2024- 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 --
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.
- Weighted Average Yield to Maturity --
- Net Effective Duration --
Price
as of 5/03/2024- NAV $76.64
- NAV Change $+0.07
- Market Price $76.77
- Market Price Change $+0.09
- Trading Volume (M) 16,198
- 30-Day Median Bid Ask Spread 0.14%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 5/03/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.75% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $5,120,018.38 | 4,829,000 | B43DYH8 |
1.58% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $4,629,788.94 | 5,475,000 | BYM4WR8 |
1.55% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $4,551,676.92 | 4,548,000 | B43XY12 |
1.41% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $4,137,316.95 | 5,357,000 | BVVCSF2 |
1.39% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $4,086,631.93 | 3,498,000 | B65HZL3 |
1.39% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $4,071,038.12 | 3,847,000 | B2QR213 |
1.27% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $3,736,713.24 | 3,596,000 | B6T0187 |
1.26% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $3,683,543.72 | 3,474,000 | B4YDXD6 |
1.22% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $3,590,216.46 | 3,731,000 | BJTGHH7 |
1.21% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $3,546,447.03 | 3,417,000 | B1SBFX9 |
1.20% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $3,524,903.37 | 3,198,000 | B39F3N0 |
1.16% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $3,404,884.63 | 4,078,000 | B8C0348 |
1.12% | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $3,281,956.27 | 4,062,000 | BFY97C8 |
1.04% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $3,057,114.71 | 3,507,000 | BYQ29R7 |
1.03% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $3,021,007.97 | 2,894,000 | B24FY35 |
1.00% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $2,922,084.88 | 2,770,000 | B1L80H6 |
0.99% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $2,903,194.41 | 2,671,000 | BCRXKM7 |
0.99% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $2,899,978.71 | 2,635,000 | B2RDM21 |
0.97% | -- | BANCO SANTANDER SA | 6.92% | 08/08/2033 | -- | $2,858,555.38 | 2,762,000 | BRF3T49 |
0.97% | -- | RTX CORP | 4.50% | 06/01/2042 | -- | $2,830,674.08 | 3,267,000 | B86VSX1 |
0.96% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $2,805,066.62 | 3,617,000 | BD3RRJ6 |
0.93% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $2,722,910.00 | 2,937,000 | BF6DYK5 |
0.91% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $2,659,941.80 | 2,998,000 | BZ3FFJ0 |
0.86% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $2,526,742.34 | 2,965,000 | BYRLSF4 |
0.84% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $2,458,746.06 | 2,611,000 | BYT35M4 |
0.84% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $2,452,217.23 | 2,943,000 | BKSJPV4 |
0.83% | -- | SPRINT CAPITAL CORP | 8.75% | 03/15/2032 | -- | $2,434,022.12 | 2,038,000 | 2964029 |
0.80% | -- | CITIGROUP INC | 4.75% | 05/18/2046 | -- | $2,360,400.43 | 2,748,000 | BDGLCL2 |
0.78% | -- | SUMITOMO MITSUI FINL GRP | 5.71% | 01/13/2030 | -- | $2,300,248.66 | 2,259,000 | BNM9D17 |
0.77% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $2,265,792.46 | 2,183,000 | B1HMKF0 |
0.77% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $2,251,758.63 | 2,204,000 | B287YY8 |
0.76% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $2,233,583.11 | 2,388,000 | BY58YT3 |
0.74% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $2,172,705.06 | 1,975,000 | B3KFDY0 |
0.72% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $2,120,609.94 | 2,404,000 | BF04KW8 |
0.72% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $2,107,246.80 | 2,330,000 | BYZYSL1 |
0.72% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $2,105,262.89 | 1,860,000 | B242VX5 |
0.72% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $2,100,252.91 | 2,395,000 | BCZM189 |
0.72% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $2,098,352.53 | 2,562,000 | BM9K8M2 |
0.71% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $2,071,031.19 | 1,890,000 | B3LVPV8 |
0.70% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $2,049,265.54 | 2,001,000 | B62V507 |
0.69% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $2,013,259.80 | 1,696,000 | B2RFJL5 |
0.68% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $1,998,676.56 | 1,844,000 | B57GT08 |
0.68% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $1,991,829.76 | 2,126,000 | B62X8Y8 |
0.67% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $1,977,610.82 | 2,108,000 | BF22PM5 |
0.67% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $1,971,114.70 | 1,815,000 | B170DG6 |
0.65% | -- | VERIZON COMMUNICATIONS | 4.81% | 03/15/2039 | -- | $1,898,136.96 | 2,055,000 | BDFLJN4 |
0.64% | -- | ROYAL BANK OF CANADA | 5.15% | 02/01/2034 | -- | $1,865,786.71 | 1,898,000 | BRF20R6 |
0.63% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $1,855,729.01 | 1,728,000 | B2RK1T2 |
0.63% | -- | TORONTO-DOMINION BANK | 4.46% | 06/08/2032 | -- | $1,833,661.64 | 1,950,000 | BQB7JS2 |
0.62% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $1,832,701.15 | 1,843,000 | BP8Y7Q3 |
0.60% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $1,763,154.38 | 2,036,000 | BMD7ZZ1 |
0.60% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $1,749,988.20 | 1,861,000 | BL98SN0 |
0.59% | -- | FORD MOTOR COMPANY | 7.45% | 07/16/2031 | -- | $1,725,940.72 | 1,609,000 | 5733992 |
0.58% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $1,700,737.05 | 2,186,000 | BKVJXB7 |
0.58% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $1,692,325.03 | 1,563,000 | B1Z54W6 |
0.57% | -- | JOHN DEERE CAPITAL CORP | 5.15% | 09/08/2033 | -- | $1,684,294.73 | 1,676,000 | BNSP609 |
0.57% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $1,683,800.36 | 1,775,000 | BG3KW02 |
0.57% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $1,681,218.59 | 1,556,000 | B2NP6Q3 |
0.57% | -- | OCCIDENTAL PETROLEUM COR | 6.45% | 09/15/2036 | -- | $1,663,079.18 | 1,594,000 | BK8VN61 |
0.56% | -- | CONOCOPHILLIPS | 6.50% | 02/01/2039 | -- | $1,639,156.91 | 1,485,000 | B4T4431 |
0.55% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $1,621,723.70 | 1,747,000 | B92PSY5 |
0.55% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $1,615,600.71 | 1,555,000 | B1FTHZ2 |
0.55% | -- | UBS GROUP AG | 4.88% | 05/15/2045 | -- | $1,613,128.24 | 1,802,000 | BPX2D53 |
0.55% | -- | MERCEDES-BENZ FIN NA | 8.50% | 01/18/2031 | -- | $1,600,647.33 | 1,341,000 | B065ZJ2 |
0.54% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $1,585,692.93 | 1,664,000 | BYTRVR3 |
0.54% | -- | PARAMOUNT GLOBAL | 4.38% | 03/15/2043 | -- | $1,574,811.56 | 2,304,000 | BCHWWF1 |
0.53% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $1,557,164.05 | 1,540,000 | B7RB2F3 |
0.52% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $1,527,771.73 | 1,725,000 | BJZ7ZQ9 |
0.52% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $1,524,139.52 | 1,638,000 | BLTZ7Y5 |
0.52% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $1,518,824.98 | 2,181,000 | BLD9486 |
0.52% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $1,518,616.21 | 1,713,000 | BXC5WP2 |
0.52% | -- | METLIFE INC | 4.88% | 11/13/2043 | -- | $1,514,616.32 | 1,675,000 | BGDXK74 |
0.52% | -- | TIME WARNER CABLE LLC | 6.55% | 05/01/2037 | -- | $1,513,810.13 | 1,626,000 | B28WMV6 |
0.52% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $1,511,728.12 | 1,349,000 | BKPTBZ3 |
0.51% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $1,485,032.08 | 1,622,000 | BXC5W85 |
0.49% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $1,438,240.19 | 1,341,000 | B1YLTG4 |
0.47% | -- | ECOPETROL SA | 5.88% | 05/28/2045 | -- | $1,379,693.09 | 1,922,000 | BMQXLW5 |
0.47% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $1,364,412.23 | 1,694,000 | BN6LYH2 |
0.46% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 08/04/2045 | -- | $1,345,700.67 | 1,417,000 | BYWZXG7 |
0.46% | -- | SUMITOMO MITSUI FINL GRP | 6.18% | 07/13/2043 | -- | $1,337,112.85 | 1,243,000 | BRF2J57 |
0.45% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $1,324,263.40 | 1,160,000 | B2PHBR3 |
0.45% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $1,321,735.01 | 1,412,000 | BDCMR69 |
0.45% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $1,317,323.68 | 1,161,000 | 4474021 |
0.45% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $1,315,397.70 | 1,589,000 | BL69JN3 |
0.44% | -- | BANCO SANTANDER SA | 6.94% | 11/07/2033 | -- | $1,300,158.25 | 1,200,000 | BQ6C3K2 |
0.44% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $1,278,575.30 | 1,399,000 | BMFVFK6 |
0.44% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $1,277,267.31 | 1,186,000 | B283338 |
0.43% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $1,252,580.06 | 1,406,000 | BLB6SW1 |
0.42% | -- | COCA-COLA CO/THE | 2.25% | 01/05/2032 | -- | $1,242,196.15 | 1,483,000 | BLF8XX9 |
0.42% | -- | HSBC HOLDINGS PLC | 4.95% | 03/31/2030 | -- | $1,234,008.74 | 1,265,000 | BLCC7J8 |
0.42% | -- | UNITED AIR 2023-1 A PTT | 5.80% | 01/15/2036 | -- | $1,230,768.99 | 1,223,000 | -- |
0.42% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $1,230,278.01 | 1,478,000 | BKFH1R9 |
0.42% | -- | SUMITOMO MITSUI FINL GRP | 5.77% | 01/13/2033 | -- | $1,228,527.45 | 1,201,000 | BMTX144 |
0.42% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $1,223,969.18 | 1,501,000 | B944GF7 |
0.42% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $1,220,483.97 | 1,515,000 | BDB2XM8 |
0.42% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $1,217,397.92 | 1,248,000 | BWXV3J3 |
0.41% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $1,214,342.89 | 1,319,000 | B819DG8 |
0.41% | -- | COCA-COLA CO/THE | 3.00% | 03/05/2051 | -- | $1,214,242.22 | 1,794,000 | BNTDCD7 |
0.41% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $1,195,231.92 | 1,090,000 | B7N7040 |
0.41% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $1,188,880.12 | 1,088,000 | 2859233 |
0.40% | -- | TIME WARNER CABLE ENTRMN | 8.38% | 07/15/2033 | -- | $1,173,254.44 | 1,068,000 | 2727266 |
0.40% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $1,170,815.95 | 1,354,000 | BNG28J5 |
0.40% | -- | IBM CORP | 4.00% | 06/20/2042 | -- | $1,170,442.45 | 1,441,000 | B8J5PR3 |
0.40% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $1,160,484.26 | 1,278,000 | B8Y96M2 |
0.39% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $1,142,884.42 | 1,094,000 | B1Z7WM8 |
0.39% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $1,139,483.06 | 1,151,000 | BGYY0D2 |
0.38% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $1,127,478.97 | 1,075,000 | B13VN63 |
0.38% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $1,112,797.76 | 1,444,000 | BFMYF65 |
0.38% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $1,111,770.52 | 1,209,000 | BYNWXZ6 |
0.38% | -- | CNOOC PETROLEUM NORTH | 6.40% | 05/15/2037 | -- | $1,102,015.51 | 995,000 | B1WV0T6 |
0.38% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $1,101,840.24 | 1,202,000 | BKJL6Z0 |
0.38% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $1,101,501.73 | 1,261,000 | BKY6S54 |
0.37% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $1,098,627.36 | 992,000 | B24FYQ8 |
0.37% | -- | HP INC | 6.00% | 09/15/2041 | -- | $1,093,522.91 | 1,086,000 | B5V6LS6 |
0.37% | -- | BANK OF NOVA SCOTIA | 4.85% | 02/01/2030 | -- | $1,085,621.45 | 1,106,000 | BPP33C1 |
0.37% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $1,085,475.11 | 1,288,000 | BMFKVV6 |
0.37% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $1,085,454.98 | 1,044,000 | B1G7Y98 |
0.37% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $1,084,802.66 | 1,056,000 | B3RZKK8 |
0.37% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $1,080,035.23 | 1,230,000 | BKRMRV8 |
0.37% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $1,076,528.17 | 993,000 | B2418B9 |
0.37% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $1,073,197.52 | 1,264,000 | B9D69N3 |
0.36% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $1,059,834.88 | 1,000,000 | B39XY20 |
0.35% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $1,033,014.72 | 887,000 | B2Q1497 |
0.35% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $1,029,065.16 | 973,000 | 7518926 |
0.34% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $1,006,628.17 | 1,027,000 | B44YJW0 |
0.34% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $986,227.22 | 1,078,000 | BL66P03 |
0.34% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $984,458.26 | 1,171,000 | B8HK5Z8 |
0.34% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $982,814.64 | 1,052,000 | BYP6GR9 |
0.33% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $981,647.15 | 1,161,000 | BMVPRG2 |
0.33% | -- | METLIFE INC | 5.70% | 06/15/2035 | -- | $974,464.64 | 948,000 | B0BXDC0 |
0.33% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $969,203.75 | 1,145,000 | BF2TMG9 |
0.32% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $949,307.09 | 965,000 | BYZKXZ8 |
0.32% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $937,705.18 | 950,000 | B4TV238 |
0.32% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $935,875.55 | 984,000 | B57Y827 |
0.32% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $930,941.19 | 961,000 | B5TZB18 |
0.32% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $927,026.46 | 1,017,000 | B82MC25 |
0.30% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $891,606.51 | 1,062,000 | BBD6G92 |
0.30% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $888,902.17 | 1,476,000 | BLN8Y83 |
0.30% | -- | TOYOTA MOTOR CREDIT CORP | 5.55% | 11/20/2030 | -- | $884,184.98 | 863,000 | BP0VPB3 |
0.30% | -- | PRUDENTIAL FUNDING ASIA | 3.13% | 04/14/2030 | -- | $880,699.24 | 991,000 | BPJLBD8 |
0.29% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $843,048.73 | 796,000 | 7392227 |
0.28% | -- | ROYAL BANK OF CANADA | 5.00% | 02/01/2033 | -- | $824,264.00 | 842,000 | BQ3Q0J5 |
0.28% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $821,347.32 | 975,000 | B968SP1 |
0.28% | -- | JEFFERIES FIN GROUP INC | 4.15% | 01/23/2030 | -- | $819,319.70 | 892,000 | BD1DDP4 |
0.27% | -- | ELEVANCE HEALTH INC | 4.65% | 01/15/2043 | -- | $796,244.69 | 904,000 | B88F2Y0 |
0.27% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $795,553.06 | 974,000 | BYYXY44 |
0.27% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $787,342.47 | 921,000 | BFY9706 |
0.27% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $785,378.84 | 765,000 | B1VJP74 |
0.26% | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $755,394.71 | 931,000 | BSHZYC3 |
0.26% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $752,479.22 | 892,000 | B6Z7568 |
0.25% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $741,306.16 | 869,000 | BGLPFR7 |
0.25% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $734,401.80 | 711,000 | B1P61P1 |
0.25% | -- | JOHN DEERE CAPITAL CORP | 4.70% | 06/10/2030 | -- | $731,517.09 | 741,000 | BRBD8Z7 |
0.24% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $710,232.87 | 882,000 | BNBYGX6 |
0.24% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $710,192.75 | 868,000 | BP8JVG6 |
0.24% | -- | WELLS FARGO & COMPANY | 4.75% | 12/07/2046 | -- | $708,929.02 | 833,000 | BDSFRX9 |
0.24% | -- | FORD MOTOR COMPANY | 4.75% | 01/15/2043 | -- | $700,839.56 | 874,000 | B8H94Y7 |
0.23% | -- | UNITEDHEALTH GROUP INC | 4.75% | 07/15/2045 | -- | $680,702.51 | 750,000 | BYTRVP1 |
0.22% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $653,751.87 | 791,000 | BMWC8Z8 |
0.21% | -- | BANK OF AMERICA CORP | 5.00% | 01/21/2044 | -- | $623,647.15 | 667,000 | BJ3WDS4 |
0.20% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $590,839.09 | 645,000 | BM6NVC5 |
0.19% | -- | MITSUBISHI UFJ FIN GRP | 2.56% | 02/25/2030 | -- | $565,842.23 | 654,000 | BKMGBW4 |
0.19% | -- | WYETH LLC | 5.95% | 04/01/2037 | -- | $560,089.14 | 534,000 | B1VQ7M4 |
0.19% | -- | SOUTHERN COPPER CORP | 5.25% | 11/08/2042 | -- | $547,857.76 | 598,000 | B8ZRND5 |
0.19% | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $542,903.14 | 610,000 | BCZQWS8 |
0.18% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $534,225.39 | 635,000 | B78K6L3 |
0.17% | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $507,128.09 | 580,000 | BSKDLG7 |
0.17% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $505,385.55 | 451,000 | 2836399 |
0.17% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $487,986.29 | 512,000 | B1G5DX9 |
0.16% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $463,731.85 | 531,000 | BKBQ3G3 |
0.15% | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $452,753.46 | 503,000 | BWC4YL2 |
0.15% | -- | SHELL INTERNATIONAL FIN | 4.38% | 05/11/2045 | -- | $426,915.33 | 498,000 | BXC5W74 |
0.14% | -- | CITIGROUP INC | 8.13% | 07/15/2039 | -- | $418,780.44 | 336,000 | B3Q88R1 |
0.14% | -- | ORACLE CORP | 6.13% | 07/08/2039 | -- | $408,025.24 | 398,000 | B3LR141 |
0.13% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $386,283.21 | 361,000 | B29SN65 |
0.13% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $385,573.02 | 550,000 | BKSJPT2 |
0.13% | -- | WESTPAC BANKING CORP | 2.96% | 11/16/2040 | -- | $383,228.32 | 557,000 | BMX5050 |
0.13% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $371,392.60 | 447,000 | BLPHW40 |
0.12% | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $360,920.58 | 431,000 | BM9CQB3 |
0.11% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $325,423.87 | 326,000 | B3B14R7 |
0.11% | -- | WALMART INC | 5.25% | 09/01/2035 | -- | $311,490.53 | 303,000 | B0J45R4 |
0.10% | -- | SUMITOMO MITSUI FINL GRP | 2.22% | 09/17/2031 | -- | $295,718.43 | 367,000 | BMHLCZ8 |
0.09% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $275,682.14 | 298,000 | BY8L4X3 |
0.09% | -- | WELLS FARGO & COMPANY | 4.65% | 11/04/2044 | -- | $270,948.07 | 319,000 | BS9FPF1 |
0.09% | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $259,380.02 | 300,000 | BYQNQH9 |
0.09% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/10/2039 | -- | $259,152.96 | 248,000 | B5B54D9 |
0.09% | -- | CISCO SYSTEMS INC | 5.50% | 01/15/2040 | -- | $251,032.56 | 248,000 | B596Q94 |
0.08% | -- | JOHN DEERE CAPITAL CORP MEDIUM TERM NOTE FIXED 5.1% 11/APR/2034 USD 1000 | -- | -- | -- | $247,438.20 | 248,000 | -- |
0.08% | -- | JPMORGAN CHASE & CO | 5.40% | 01/06/2042 | -- | $244,691.57 | 248,000 | B7FRRL4 |
0.08% | -- | TRANSCANADA PIPELINES | 7.63% | 01/15/2039 | -- | $230,275.76 | 200,000 | B3KV7R9 |
0.07% | -- | COCA-COLA CO/THE | 2.60% | 06/01/2050 | -- | $219,644.46 | 354,000 | BKSJPS1 |
0.07% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $193,864.79 | 215,000 | BYRLRK2 |
0.06% | -- | APPLE INC | 3.85% | 05/04/2043 | -- | $166,673.42 | 200,000 | B8HTMS7 |
0.05% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $158,669.70 | 184,000 | BK6WV73 |
0.04% | -- | MORGAN STANLEY | 4.30% | 01/27/2045 | -- | $125,132.40 | 147,000 | BVJXZY5 |
0.04% | -- | TWDC ENTERPRISES 18 CORP | 4.13% | 06/01/2044 | -- | $106,015.10 | 127,000 | BN459D7 |
0.03% | -- | BHP BILLITON FIN USA LTD | 4.13% | 02/24/2042 | -- | $99,963.12 | 119,000 | B5NNJ47 |
0.01% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $40,690.24 | 46,000 | BMMB3K5 |
-- | -- | COCA-COLA CO/THE | 1.38% | 03/15/2031 | -- | $9,577.43 | 12,000 | BLR6S70 |
-- | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $6,414.12 | 8,000 | BW9JZD9 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $14,121,390.91 | 14,121,391 | -- |
-8.71% | -- | US ULTRA BOND CBT BOND 18/JUN/2024 WNM4 COMDTY | -- | -- | -25,530,656 | -- | -209 | -- |
-28.29% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2024 TYM4 COMDTY | -- | -- | -82,950,844 | -- | -762 | -- |
-55.35% | -- | US LONG BOND(CBT) BOND 18/JUN/2024 USM4 COMDTY | -- | -- | -162,312,500 | -- | -1,400 | -- |
Index
as of 3/28/2024
- Total Number of Issues214
- Long Portfolio Duration9.90
- Net Effective Duration-0.04
- Long Portfolio Yield5.41
- Net Index Yield6.55
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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