HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 260 Nontraditional Bond funds based on risk-adjusted returns as of 12/31/24.
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 2/28/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 1.41% | 3.33% | 7.21% | 2.63% | 11.83% | 9.42% | 7.27% | 4.76% | 4.20% | 05/21/2013 |
| HYHG NAV | -0.56% | 1.31% | 4.89% | 0.81% | 9.69% | 8.70% | 6.91% | 4.52% | 3.99% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | -0.44% | 1.36% | 5.02% | 0.92% | 10.13% | 9.13% | 7.29% | 5.16% | 4.70% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.68% | 3.40% | 6.29% | 11.42% | 11.42% | 7.90% | 5.88% | 4.74% | 4.02% | 05/21/2013 |
| HYHG NAV | 0.50% | 2.96% | 5.83% | 10.84% | 10.84% | 7.75% | 5.82% | 4.61% | 3.97% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.44% | 2.94% | 5.78% | 11.26% | 11.26% | 8.06% | 6.19% | 5.25% | 4.68% | -- |
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 2/28/2025- Number of Companies 228
- Net Effective Duration -0.17%
Price
as of 3/19/2025- NAV $64.43
- NAV Change $+0.02
- Market Price $64.70
- Market Price Change $+0.29
- Trading Volume (M) 6,894
- 30-Day Median Bid Ask Spread 0.40%
- View Premium / Discount
Distributions
as of 2/28/2025- SEC 30-Day Yield 6.92%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- Distribution Frequency Monthly
- 12-Month Distribution Rate 6.69%
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 announcement of the most recent distribution.
- 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 2/28/2025- Number of Companies 228
- Net Effective Duration -0.17%
Price
as of 3/19/2025- NAV $64.43
- NAV Change $+0.02
- Market Price $64.70
- Market Price Change $+0.29
- Trading Volume (M) 6,894
- 30-Day Median Bid Ask Spread 0.40%
- View Premium / Discount
Distributions
as of 2/28/2025- SEC 30-Day Yield 6.92%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- Distribution Frequency Monthly
- 12-Month Distribution Rate 6.69%
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 announcement of the most recent distribution.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 3/19/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.39% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,458,423.63 | 2,511,000 | BN2QTP4 |
| 1.34% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,371,716.30 | 2,661,000 | BN2R7D1 |
| 1.29% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,293,628.29 | 2,173,000 | BQB9NW0 |
| 1.18% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,085,491.33 | 2,167,000 | BMWDGR9 |
| 1.12% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,976,517.79 | 2,026,000 | BN765Z1 |
| 1.10% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,948,793.94 | 1,953,000 | BSMMD99 |
| 1.01% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,784,041.85 | 1,775,000 | BPLP3M1 |
| 1.00% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,764,194.98 | 1,765,000 | BMHYR18 |
| 0.99% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,748,340.13 | 1,707,000 | BQ67HZ0 |
| 0.99% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $1,747,199.27 | 1,765,000 | BM9QGV5 |
| 0.96% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,702,719.28 | 1,735,000 | BM8H783 |
| 0.88% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,560,532.82 | 1,540,000 | BNM6H94 |
| 0.87% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,549,177.57 | 1,662,000 | BNTY069 |
| 0.82% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,450,041.52 | 1,420,000 | BS2FZM5 |
| 0.80% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,410,619.84 | 1,382,000 | BRK4301 |
| 0.79% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,404,764.40 | 1,300,000 | BQ80PR5 |
| 0.76% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,352,600.21 | 1,401,000 | BNNTB78 |
| 0.75% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,332,022.61 | 1,420,000 | BMBJVY0 |
| 0.74% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,307,548.92 | 1,283,000 | BS2FMQ8 |
| 0.73% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,301,285.02 | 1,246,000 | BL6CM66 |
| 0.72% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,282,782.27 | 1,384,000 | BMW7NB4 |
| 0.71% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $1,261,175.50 | 1,430,000 | BKPJT48 |
| 0.71% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $1,257,115.51 | 1,243,000 | BQ2KRF3 |
| 0.70% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $1,239,841.81 | 1,167,000 | BR1H7L8 |
| 0.69% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,231,239.13 | 1,210,000 | BS561W7 |
| 0.69% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,228,976.98 | 1,330,000 | BS89C64 |
| 0.67% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,186,547.66 | 1,123,000 | BR54DP1 |
| 0.67% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,182,406.68 | 1,170,000 | BRJQLF9 |
| 0.66% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,173,221.00 | 1,244,000 | BN7SNC0 |
| 0.66% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,166,401.53 | 1,211,000 | BL57W73 |
| 0.65% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,159,645.68 | 1,223,000 | BMVXSB8 |
| 0.64% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,136,675.47 | 1,114,000 | BPX27Q2 |
| 0.64% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $1,134,418.70 | 1,119,000 | BRZWYJ6 |
| 0.64% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,127,406.27 | 1,133,000 | BPVDS42 |
| 0.63% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,123,938.93 | 1,100,000 | BRSF6F2 |
| 0.63% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $1,122,325.86 | 1,117,000 | BS9C5X0 |
| 0.63% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $1,117,451.90 | 1,150,000 | BRBCV11 |
| 0.63% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $1,115,520.58 | 1,107,000 | BNDQTF3 |
| 0.61% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,086,809.78 | 1,085,000 | BPW9BQ2 |
| 0.59% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,054,303.98 | 1,201,000 | BQKN5B6 |
| 0.59% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $1,038,464.46 | 1,155,000 | BMV1L02 |
| 0.58% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,034,633.82 | 1,040,000 | BP812N6 |
| 0.58% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $1,033,939.18 | 1,070,000 | BLCC408 |
| 0.57% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $1,018,415.67 | 1,001,000 | BRXCZB7 |
| 0.57% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $1,014,547.20 | 1,012,000 | BMZRC58 |
| 0.57% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,012,925.00 | 1,000,000 | BPH26F0 |
| 0.57% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $1,010,745.71 | 1,158,000 | BMG3813 |
| 0.57% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $1,008,680.00 | 1,208,000 | BLB14D9 |
| 0.57% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $1,002,512.17 | 1,000,000 | BPH25H5 |
| 0.56% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $997,343.65 | 1,076,000 | BMYXXP4 |
| 0.56% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $994,504.50 | 1,086,000 | BMT7QC9 |
| 0.55% | -- | SAKS GLOBAL ENTERPRISES | 11.00% | 12/15/2029 | -- | $980,765.12 | 1,167,000 | BS495M5 |
| 0.55% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $974,093.81 | 998,000 | BQ1PCD2 |
| 0.55% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $973,007.89 | 980,000 | BSVLRC8 |
| 0.55% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $968,398.98 | 971,000 | BMF9C65 |
| 0.55% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $967,185.75 | 1,045,000 | BLN9LB8 |
| 0.54% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $957,890.59 | 1,098,000 | BM94BT2 |
| 0.54% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $949,131.55 | 960,000 | BMF4PS3 |
| 0.54% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $948,921.80 | 1,053,000 | BN7RYH9 |
| 0.54% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $948,276.34 | 921,000 | BNRPC80 |
| 0.53% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $945,064.95 | 1,039,000 | BNNPV76 |
| 0.52% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $919,118.55 | 920,000 | BMBN777 |
| 0.51% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $912,542.29 | 809,000 | BS2FMP7 |
| 0.51% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $912,085.41 | 1,004,000 | BMT6QQ0 |
| 0.50% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $894,537.05 | 862,000 | BT3NFD6 |
| 0.50% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $881,743.84 | 976,000 | BRQPKY1 |
| 0.50% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $878,646.20 | 882,000 | BSHT8Y5 |
| 0.48% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $848,167.84 | 894,000 | BMV1LQ8 |
| 0.47% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $839,656.95 | 803,000 | BRBH8M6 |
| 0.47% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $839,516.37 | 770,000 | BRCDDH3 |
| 0.47% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $836,925.76 | 844,000 | BPLPFQ9 |
| 0.47% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $836,185.80 | 850,000 | BPP2DX9 |
| 0.47% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $833,484.59 | 834,000 | BLSN159 |
| 0.47% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $827,811.22 | 797,000 | BRT75V6 |
| 0.45% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $805,932.73 | 789,000 | BMVXP62 |
| 0.45% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $793,129.77 | 755,000 | BNQQSS6 |
| 0.44% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $787,931.55 | 810,000 | BNBTL14 |
| 0.44% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $787,751.08 | 826,000 | BJNPGH3 |
| 0.44% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $787,435.68 | 782,000 | BM8K1F7 |
| 0.44% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $776,174.72 | 851,000 | BNHW2C5 |
| 0.43% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $769,667.68 | 786,000 | BM9QJS3 |
| 0.43% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $767,272.90 | 780,000 | BM8K6S5 |
| 0.43% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $764,705.95 | 874,000 | BMFNDV9 |
| 0.43% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $763,574.71 | 789,000 | BM8H4Y8 |
| 0.43% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $754,404.63 | 897,000 | BNHS096 |
| 0.42% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $750,972.74 | 751,000 | BPG27W5 |
| 0.42% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $745,806.46 | 742,000 | BNTZ4D7 |
| 0.42% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $736,444.44 | 698,000 | BPG22V9 |
| 0.41% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $735,387.87 | 828,000 | BNM51T9 |
| 0.41% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $732,924.50 | 709,000 | BLDCK76 |
| 0.41% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $731,031.25 | 745,000 | BNBTNV8 |
| 0.41% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $730,683.45 | 1,072,000 | BMF4PW7 |
| 0.41% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $730,248.60 | 750,000 | BT9NKJ1 |
| 0.41% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $724,073.70 | 759,000 | BMY8TS4 |
| 0.41% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $717,754.83 | 834,000 | BKVH9C4 |
| 0.40% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $717,163.64 | 708,000 | BP2F579 |
| 0.40% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $710,177.85 | 750,000 | BMXC0P1 |
| 0.40% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $707,022.98 | 721,000 | BMC7DR0 |
| 0.39% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $699,647.51 | 746,000 | BMW4P42 |
| 0.39% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $699,285.84 | 769,000 | BNDLGZ7 |
| 0.39% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $693,203.39 | 649,000 | BMJ0LG7 |
| 0.39% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $690,977.33 | 729,000 | BMFBJS2 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $687,170.71 | 693,000 | BMG68Y5 |
| 0.39% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $686,994.55 | 684,000 | BTXQV60 |
| 0.38% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $674,684.98 | 675,000 | BSNZ6B0 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $671,389.27 | 711,000 | BLC9L19 |
| 0.38% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $671,177.85 | 646,000 | BLC8Z03 |
| 0.37% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $664,247.48 | 714,000 | BMH29D8 |
| 0.37% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $661,764.82 | 628,000 | BLDCTF7 |
| 0.37% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $649,216.37 | 721,000 | BQWNRK7 |
| 0.36% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $643,748.34 | 655,000 | BP946X2 |
| 0.36% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $637,920.19 | 624,000 | BS7XRZ1 |
| 0.36% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $636,653.28 | 679,000 | BNHT925 |
| 0.35% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $626,700.99 | 573,000 | BR1H4Z1 |
| 0.35% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $626,292.73 | 689,000 | BMDHSY1 |
| 0.35% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $624,018.64 | 614,000 | BMYMZT9 |
| 0.35% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $623,369.84 | 646,000 | BMVVY70 |
| 0.35% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $618,480.22 | 610,000 | BQB88K0 |
| 0.35% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $617,585.73 | 608,000 | BMCGQ56 |
| 0.35% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $614,220.86 | 649,000 | BTCK903 |
| 0.34% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $608,867.62 | 665,000 | BPVBYZ9 |
| 0.34% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $608,584.90 | 550,000 | BR1YST4 |
| 0.34% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $605,390.61 | 606,000 | BP091F3 |
| 0.34% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $596,047.89 | 713,000 | BLBQF75 |
| 0.33% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $593,542.48 | 591,000 | BJLTTQ7 |
| 0.33% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $591,345.04 | 572,000 | BNKBFF3 |
| 0.33% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $583,523.91 | 622,000 | BMW5D63 |
| 0.33% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $582,050.23 | 563,000 | BQKRVC1 |
| 0.33% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $577,709.67 | 542,000 | BQFHT88 |
| 0.33% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $576,917.64 | 569,000 | BMCGQM3 |
| 0.32% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $575,880.70 | 653,000 | BPGM651 |
| 0.32% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $574,924.12 | 566,000 | BP092P0 |
| 0.32% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $568,432.51 | 642,000 | BPLFC68 |
| 0.32% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $566,803.08 | 556,000 | BNRPV83 |
| 0.32% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $566,209.23 | 634,000 | BMX50K5 |
| 0.32% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $565,128.85 | 614,000 | BMTN6F0 |
| 0.32% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $564,842.56 | 557,000 | BMFKW46 |
| 0.32% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $564,485.75 | 918,000 | BM93J39 |
| 0.32% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $559,267.20 | 640,000 | BMFBJQ0 |
| 0.31% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $555,992.80 | 536,000 | BRC2671 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $553,610.85 | 563,000 | BS3BCF4 |
| 0.31% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $551,401.89 | 630,000 | BP7LR98 |
| 0.31% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $550,677.25 | 558,000 | BQ9D885 |
| 0.31% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $550,005.07 | 628,000 | BP0X973 |
| 0.31% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $548,694.19 | 625,000 | BKPGFV8 |
| 0.30% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $539,691.40 | 521,000 | BS88506 |
| 0.30% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $530,854.11 | 529,000 | BR2NN28 |
| 0.30% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $529,488.86 | 523,000 | BMCMQL0 |
| 0.30% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $527,900.31 | 578,000 | BLBQFB9 |
| 0.30% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $527,310.00 | 1,134,000 | BMW7N92 |
| 0.30% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $526,909.24 | 502,000 | BPBRSM2 |
| 0.30% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $526,002.17 | 542,000 | BMXHJH1 |
| 0.30% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $523,275.78 | 550,000 | BN0ZRZ9 |
| 0.29% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $520,568.85 | 529,000 | BMW2W01 |
| 0.29% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $520,210.62 | 520,000 | BMC94W8 |
| 0.29% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $519,093.00 | 500,000 | BRT7527 |
| 0.29% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $519,013.39 | 513,000 | BQ68CL4 |
| 0.29% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $518,448.03 | 485,000 | BP6GPK1 |
| 0.29% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $513,709.13 | 507,000 | BQ3QRD8 |
| 0.29% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $510,085.00 | 500,000 | BMVXP51 |
| 0.29% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $506,673.75 | 519,000 | BL54J73 |
| 0.29% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $506,627.00 | 500,000 | BS7Y6M4 |
| 0.28% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $503,077.37 | 500,000 | BSNQ215 |
| 0.28% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $502,276.72 | 999,000 | BM9M1M9 |
| 0.28% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $501,161.92 | 489,000 | BT3CPW2 |
| 0.28% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $499,576.61 | 450,000 | BR1YSV6 |
| 0.28% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $498,938.83 | 539,000 | BKPMPR2 |
| 0.28% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $497,058.33 | 532,000 | BM9PWX6 |
| 0.28% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $495,452.79 | 500,000 | BV0YZ47 |
| 0.28% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $494,749.78 | 572,000 | BNQPRV9 |
| 0.28% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $493,599.55 | 495,000 | BN6MM59 |
| 0.28% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $487,724.25 | 485,000 | BP092B6 |
| 0.27% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $486,556.65 | 919,000 | BN6JYJ8 |
| 0.27% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $485,901.87 | 481,000 | BPK4CP5 |
| 0.27% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $481,223.20 | 500,000 | BRXZ215 |
| 0.27% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $474,042.27 | 521,000 | BN6KWY2 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $473,358.80 | 489,000 | BR4ZG56 |
| 0.26% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $469,298.92 | 461,000 | BTCCGD1 |
| 0.26% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $463,102.03 | 450,000 | BP5JP78 |
| 0.26% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $460,195.65 | 450,000 | BR53N25 |
| 0.26% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $457,406.52 | 441,000 | BPLL6H5 |
| 0.26% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $457,122.67 | 465,000 | BMD14K1 |
| 0.25% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $451,625.21 | 446,000 | BMZBL86 |
| 0.25% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $447,207.18 | 420,000 | BMGC188 |
| 0.25% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $445,606.82 | 464,000 | BS84LN9 |
| 0.25% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $443,103.66 | 471,000 | BNM5Z19 |
| 0.25% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $443,069.39 | 426,000 | BMZMHS1 |
| 0.25% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $441,779.84 | 442,000 | BRK14M1 |
| 0.25% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $441,468.72 | 457,000 | BT7JWZ1 |
| 0.25% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $439,649.90 | 457,000 | BP815Z9 |
| 0.24% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $433,879.38 | 436,000 | BN95KZ1 |
| 0.24% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $431,587.52 | 455,000 | BMFNGQ5 |
| 0.24% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $428,089.37 | 419,000 | BM8SW92 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $427,043.25 | 461,000 | BNKFMN2 |
| 0.24% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $421,822.16 | 443,000 | BMHBB51 |
| 0.24% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $421,170.05 | 451,000 | BSKP420 |
| 0.24% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $416,494.90 | 729,000 | BP9LWV3 |
| 0.23% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $413,817.50 | 419,000 | BQXJKM7 |
| 0.23% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $412,683.30 | 471,000 | BMBVFS8 |
| 0.23% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $402,312.77 | 452,000 | BP4Z8H8 |
| 0.23% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $400,865.46 | 431,000 | BRPT5J4 |
| 0.22% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $397,978.75 | 384,000 | BNRPLW7 |
| 0.22% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $396,389.79 | 422,000 | BP83D39 |
| 0.22% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $383,173.89 | 382,000 | BRBDSH9 |
| 0.22% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $383,160.90 | 394,000 | BMBV4H0 |
| 0.22% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $382,429.06 | 382,000 | BRBVMG0 |
| 0.21% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $373,624.60 | 485,000 | BMH8323 |
| 0.21% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $365,033.11 | 424,000 | BNKLFF3 |
| 0.20% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $352,785.07 | 356,000 | BQB7JV5 |
| 0.20% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $347,719.27 | 346,000 | BMXHQ92 |
| 0.20% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $347,251.96 | 396,000 | BLDBLN6 |
| 0.18% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $315,300.05 | 322,000 | BMDXC58 |
| 0.18% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $310,396.41 | 301,000 | BMJ0L90 |
| 0.16% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $290,836.62 | 450,000 | BM9TR00 |
| 0.16% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $283,489.44 | 296,000 | BNTBJ41 |
| 0.16% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $276,751.95 | 277,000 | BP4YGK4 |
| 0.15% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $263,465.52 | 281,000 | BNW2059 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $250,055.20 | 280,000 | BMD9BZ9 |
| 0.14% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $245,464.74 | 285,000 | BM9SD09 |
| 0.12% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $220,918.24 | 232,000 | BMDB423 |
| 0.10% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $177,563.22 | 173,000 | BRBCTZ1 |
| 0.08% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $135,703.48 | 155,000 | BM9NG16 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $133,253.18 | 148,000 | BN7S9F5 |
| 0.07% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $122,981.14 | 135,000 | BLFGYK7 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $86,077.82 | 97,000 | BLD7383 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -10.71% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2025 TYM5 COMDTY | -- | -- | -18,981,000 | -- | -171 | -- |
| -30.60% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2025 TUM5 COMDTY | -- | -- | -54,227,859 | -- | -262 | -- |
| -56.94% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2025 FVM5 COMDTY | -- | -- | -100,906,953 | -- | -935 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,898,592.44 | 6,898,592 | -- |
Index
as of 12/31/2024
- Total Number of Issues232
- Long Portfolio Duration3.51
- Net Effective Duration0.01
- Long Portfolio Yield7.68
- Net Index Yield7.62
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