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 1/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 1.21% | 3.19% | 6.54% | 1.21% | 12.59% | 8.89% | 6.45% | 5.07% | 4.10% | 05/21/2013 |
| HYHG NAV | 1.37% | 2.98% | 6.35% | 1.37% | 12.23% | 8.88% | 6.41% | 4.98% | 4.06% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.37% | 2.90% | 6.55% | 1.37% | 12.68% | 9.19% | 6.73% | 5.62% | 4.77% | -- |
| 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 12/31/2024- Number of Companies 220
- Net Effective Duration -0.12%
Price
as of 3/06/2025- NAV $64.83
- NAV Change $-0.11
- Market Price $65.10
- Market Price Change $-0.17
- Trading Volume (M) 9,465
- View Premium / Discount
Distributions
as of 12/31/2024- SEC 30-Day Yield 6.93%
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.
- Annualized Distribution Rate 6.32%
Distribution Rate represents the annualized yield based on the last income distribution.
- Distribution Yield 6.32%
Distribution Yield represents the annualized yield based on the last income distribution.
- Distribution Frequency Monthly
- 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 12/31/2024- Number of Companies 220
- Net Effective Duration -0.12%
Price
as of 3/06/2025- NAV $64.83
- NAV Change $-0.11
- Market Price $65.10
- Market Price Change $-0.17
- Trading Volume (M) 9,465
- View Premium / Discount
Distributions
as of 12/31/2024- SEC 30-Day Yield 6.93%
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.
- Annualized Distribution Rate 6.32%
Distribution Rate represents the annualized yield based on the last income distribution.
- Distribution Yield 6.32%
Distribution Yield represents the annualized yield based on the last income distribution.
- Distribution Frequency Monthly
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 3/06/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.37% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,448,162.23 | 2,511,000 | BN2QTP4 |
| 1.34% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,380,708.30 | 2,661,000 | BN2R7D1 |
| 1.29% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,296,113.49 | 2,173,000 | BQB9NW0 |
| 1.17% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,092,002.67 | 2,167,000 | BMWDGR9 |
| 1.12% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,990,661.29 | 2,026,000 | BN765Z1 |
| 1.11% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,978,744.02 | 1,953,000 | BSMMD99 |
| 1.01% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,798,259.60 | 1,775,000 | BPLP3M1 |
| 0.99% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,769,012.87 | 1,765,000 | BMHYR18 |
| 0.98% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,753,215.32 | 1,707,000 | BQ67HZ0 |
| 0.98% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $1,750,874.00 | 1,765,000 | BM9QGV5 |
| 0.96% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,718,220.64 | 1,735,000 | BM8H783 |
| 0.93% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,657,255.20 | 1,614,000 | BPX27Q2 |
| 0.91% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $1,631,614.45 | 1,617,000 | BS9C5X0 |
| 0.89% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,580,518.52 | 1,662,000 | BNTY069 |
| 0.88% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,560,883.94 | 1,540,000 | BNM6H94 |
| 0.86% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,532,099.34 | 1,540,000 | BP812N6 |
| 0.82% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,455,444.62 | 1,420,000 | BS2FZM5 |
| 0.80% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,423,464.15 | 1,382,000 | BRK4301 |
| 0.80% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,418,536.60 | 1,300,000 | BQ80PR5 |
| 0.76% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,352,899.19 | 1,401,000 | BNNTB78 |
| 0.75% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,330,570.25 | 1,420,000 | BMBJVY0 |
| 0.74% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,316,025.70 | 1,283,000 | BS2FMQ8 |
| 0.73% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,299,784.84 | 1,246,000 | BL6CM66 |
| 0.72% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,275,509.76 | 1,384,000 | BMW7NB4 |
| 0.71% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $1,269,446.89 | 1,430,000 | BKPJT48 |
| 0.71% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,257,480.95 | 1,330,000 | BS89C64 |
| 0.70% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $1,248,081.99 | 1,167,000 | BR1H7L8 |
| 0.69% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,234,293.17 | 1,210,000 | BS561W7 |
| 0.67% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,193,888.96 | 1,244,000 | BN7SNC0 |
| 0.67% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,193,605.65 | 1,123,000 | BR54DP1 |
| 0.66% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,184,951.16 | 1,170,000 | BRJQLF9 |
| 0.66% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,169,379.02 | 1,211,000 | BL57W73 |
| 0.65% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,162,829.50 | 1,223,000 | BMVXSB8 |
| 0.64% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,133,336.60 | 1,100,000 | BRSF6F2 |
| 0.64% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $1,133,275.08 | 1,119,000 | BRZWYJ6 |
| 0.63% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,129,355.33 | 1,133,000 | BPVDS42 |
| 0.63% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $1,124,916.80 | 1,107,000 | BNDQTF3 |
| 0.62% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $1,113,303.13 | 1,150,000 | BRBCV11 |
| 0.61% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,086,691.12 | 1,085,000 | BPW9BQ2 |
| 0.60% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,072,856.79 | 1,201,000 | BQKN5B6 |
| 0.59% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $1,051,524.25 | 1,001,000 | BRXCZB7 |
| 0.59% | -- | ALTICE FRANCE SA | 5.50% | 10/15/2029 | -- | $1,050,473.10 | 1,311,000 | BMXJSV4 |
| 0.58% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $1,040,045.56 | 1,029,000 | BQ2KRF3 |
| 0.58% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $1,036,576.81 | 1,155,000 | BMV1L02 |
| 0.58% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $1,029,988.53 | 1,070,000 | BLCC408 |
| 0.57% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $1,019,402.92 | 1,158,000 | BMG3813 |
| 0.57% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $1,018,092.24 | 1,012,000 | BMZRC58 |
| 0.56% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $1,001,740.08 | 1,076,000 | BMYXXP4 |
| 0.56% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $994,830.24 | 1,039,000 | BNNPV76 |
| 0.55% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $981,393.18 | 998,000 | BQ1PCD2 |
| 0.55% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $977,520.27 | 971,000 | BMF9C65 |
| 0.54% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $966,138.03 | 1,045,000 | BLN9LB8 |
| 0.53% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $952,143.47 | 1,053,000 | BN7RYH9 |
| 0.53% | -- | SAKS GLOBAL ENTERPRISES | 11.00% | 12/15/2029 | -- | $949,913.03 | 1,062,000 | BS495M5 |
| 0.53% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $949,750.27 | 960,000 | BMF4PS3 |
| 0.53% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $947,645.45 | 921,000 | BNRPC80 |
| 0.53% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $938,502.58 | 1,081,000 | BLB14D9 |
| 0.52% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $918,906.30 | 920,000 | BMBN777 |
| 0.51% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $916,959.43 | 809,000 | BS2FMP7 |
| 0.51% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $915,082.05 | 1,004,000 | BMT6QQ0 |
| 0.50% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $897,515.35 | 976,000 | BRQPKY1 |
| 0.50% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $895,140.45 | 862,000 | BT3NFD6 |
| 0.47% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $846,386.09 | 803,000 | BRBH8M6 |
| 0.47% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $843,645.54 | 894,000 | BMV1LQ8 |
| 0.47% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $839,101.34 | 770,000 | BRCDDH3 |
| 0.47% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $837,645.85 | 850,000 | BPP2DX9 |
| 0.47% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $837,614.61 | 844,000 | BPLPFQ9 |
| 0.47% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $833,896.33 | 834,000 | BLSN159 |
| 0.46% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $821,806.50 | 797,000 | BRT75V6 |
| 0.46% | -- | ALTICE FRANCE SA | 5.13% | 07/15/2029 | -- | $819,541.40 | 1,033,000 | BM9V193 |
| 0.46% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $816,727.83 | 789,000 | BMVXP62 |
| 0.45% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $796,458.36 | 826,000 | BJNPGH3 |
| 0.45% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $796,345.31 | 755,000 | BNQQSS6 |
| 0.44% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $792,944.87 | 782,000 | BM8K1F7 |
| 0.44% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $790,040.55 | 897,000 | BNHS096 |
| 0.44% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $787,143.42 | 810,000 | BNBTL14 |
| 0.44% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $782,863.94 | 851,000 | BNHW2C5 |
| 0.43% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $773,251.13 | 780,000 | BM8K6S5 |
| 0.43% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $772,009.22 | 786,000 | BM9QJS3 |
| 0.43% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $768,136.37 | 789,000 | BM8H4Y8 |
| 0.43% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $763,678.99 | 874,000 | BMFNDV9 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $760,370.98 | 751,000 | BPG27W5 |
| 0.42% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $749,451.38 | 745,000 | BNBTNV8 |
| 0.41% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $736,373.69 | 828,000 | BNM51T9 |
| 0.41% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $735,725.56 | 709,000 | BLDCK76 |
| 0.41% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $734,910.78 | 1,072,000 | BMF4PW7 |
| 0.41% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $733,946.63 | 750,000 | BT9NKJ1 |
| 0.41% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $732,580.58 | 759,000 | BMY8TS4 |
| 0.41% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $724,587.06 | 834,000 | BKVH9C4 |
| 0.40% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $720,630.01 | 708,000 | BP2F579 |
| 0.40% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $710,566.99 | 721,000 | BMC7DR0 |
| 0.40% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $709,041.08 | 750,000 | BMXC0P1 |
| 0.40% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $705,429.92 | 769,000 | BNDLGZ7 |
| 0.39% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $701,901.29 | 649,000 | BMJ0LG7 |
| 0.39% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $701,535.80 | 725,000 | BT7JWZ1 |
| 0.39% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $700,697.68 | 721,000 | BQWNRK7 |
| 0.39% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $698,436.61 | 746,000 | BMW4P42 |
| 0.39% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $694,805.87 | 673,000 | BRBCTZ1 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $691,999.79 | 693,000 | BMG68Y5 |
| 0.39% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $690,736.03 | 729,000 | BMFBJS2 |
| 0.38% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $674,254.69 | 714,000 | BMH29D8 |
| 0.38% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $673,194.65 | 628,000 | BLDCTF7 |
| 0.38% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $672,881.27 | 646,000 | BLC8Z03 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $672,106.24 | 711,000 | BLC9L19 |
| 0.37% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $650,994.86 | 624,000 | BS7XRZ1 |
| 0.36% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $639,937.74 | 679,000 | BNHT925 |
| 0.36% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $635,452.23 | 689,000 | BMDHSY1 |
| 0.35% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $629,549.73 | 632,000 | BSVLRC8 |
| 0.35% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $625,511.69 | 713,000 | BLBQF75 |
| 0.35% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $623,747.75 | 646,000 | BMVVY70 |
| 0.35% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $623,738.04 | 614,000 | BMYMZT9 |
| 0.35% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $620,182.08 | 610,000 | BQB88K0 |
| 0.35% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $618,931.51 | 608,000 | BMCGQ56 |
| 0.34% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $610,243.15 | 550,000 | BR1YST4 |
| 0.34% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $609,560.61 | 665,000 | BPVBYZ9 |
| 0.34% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $604,691.15 | 649,000 | BTCK903 |
| 0.34% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $602,445.83 | 595,000 | BSHT8Y5 |
| 0.34% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $601,780.12 | 606,000 | BP091F3 |
| 0.34% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $597,574.40 | 628,000 | BP0X973 |
| 0.33% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $592,100.68 | 591,000 | BJLTTQ7 |
| 0.33% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $590,687.57 | 572,000 | BNKBFF3 |
| 0.33% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $589,286.79 | 653,000 | BPGM651 |
| 0.33% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $585,378.67 | 569,000 | BMCGQM3 |
| 0.33% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $584,393.53 | 622,000 | BMW5D63 |
| 0.33% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $580,656.24 | 563,000 | BQKRVC1 |
| 0.33% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $579,713.44 | 542,000 | BQFHT88 |
| 0.33% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $579,687.58 | 566,000 | BP092P0 |
| 0.32% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $578,329.48 | 556,000 | BNRPV83 |
| 0.32% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $568,153.62 | 634,000 | BMX50K5 |
| 0.32% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $567,134.67 | 563,000 | BS3BCF4 |
| 0.32% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $565,635.73 | 557,000 | BMFKW46 |
| 0.31% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $557,695.67 | 536,000 | BRC2671 |
| 0.31% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $556,656.46 | 640,000 | BMFBJQ0 |
| 0.31% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $555,964.11 | 630,000 | BP7LR98 |
| 0.31% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $548,897.23 | 558,000 | BQ9D885 |
| 0.31% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $545,143.58 | 578,000 | BLBQFB9 |
| 0.30% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $540,655.32 | 586,000 | BMT7QC9 |
| 0.30% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $538,798.32 | 521,000 | BS88506 |
| 0.30% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $533,418.21 | 529,000 | BR2NN28 |
| 0.30% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $533,385.43 | 625,000 | BKPGFV8 |
| 0.30% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $532,138.25 | 918,000 | BM93J39 |
| 0.30% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $531,276.20 | 520,000 | BMC94W8 |
| 0.30% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $528,497.91 | 542,000 | BMXHJH1 |
| 0.30% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $527,815.91 | 598,000 | BM94BT2 |
| 0.29% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $524,052.88 | 550,000 | BN0ZRZ9 |
| 0.29% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $521,547.63 | 999,000 | BM9M1M9 |
| 0.29% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $520,278.77 | 529,000 | BMW2W01 |
| 0.29% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $517,579.39 | 485,000 | BP6GPK1 |
| 0.29% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $517,444.67 | 500,000 | BRT7527 |
| 0.29% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $517,147.46 | 513,000 | BQ68CL4 |
| 0.29% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $513,438.50 | 500,000 | BMVXP51 |
| 0.29% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $512,534.00 | 500,000 | BS7Y6M4 |
| 0.29% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $512,364.06 | 507,000 | BQ3QRD8 |
| 0.29% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $508,690.63 | 532,000 | BM9PWX6 |
| 0.28% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $505,620.00 | 500,000 | BPH26F0 |
| 0.28% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $505,376.25 | 519,000 | BL54J73 |
| 0.28% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $505,375.73 | 572,000 | BNQPRV9 |
| 0.28% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $504,997.00 | 500,000 | BTXQV60 |
| 0.28% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $504,985.00 | 500,000 | BPH25H5 |
| 0.28% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $503,184.15 | 450,000 | BR1YSV6 |
| 0.28% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $502,316.46 | 500,000 | BSNQ215 |
| 0.28% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $501,477.98 | 500,000 | BSNZ6B0 |
| 0.28% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $501,351.22 | 489,000 | BT3CPW2 |
| 0.28% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $499,106.02 | 500,000 | BV0YZ47 |
| 0.28% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $498,246.75 | 539,000 | BKPMPR2 |
| 0.28% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $496,458.96 | 500,000 | BP946X2 |
| 0.28% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $496,232.55 | 495,000 | BN6MM59 |
| 0.28% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $494,257.99 | 729,000 | BP9LWV3 |
| 0.27% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $490,025.09 | 485,000 | BP092B6 |
| 0.27% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $488,694.05 | 500,000 | BRXZ215 |
| 0.27% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $483,338.13 | 464,000 | BS84LN9 |
| 0.27% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $480,038.23 | 481,000 | BPK4CP5 |
| 0.27% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $478,970.45 | 454,000 | BPG22V9 |
| 0.27% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $476,616.01 | 521,000 | BN6KWY2 |
| 0.27% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $474,813.29 | 503,000 | BMTN6F0 |
| 0.27% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $474,792.76 | 461,000 | BTCCGD1 |
| 0.26% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $470,254.97 | 489,000 | BR4ZG56 |
| 0.26% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $463,840.96 | 421,000 | BR1H4Z1 |
| 0.26% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $463,519.80 | 450,000 | BR53N25 |
| 0.26% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $463,263.25 | 441,000 | BPLL6H5 |
| 0.26% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $459,084.22 | 465,000 | BMD14K1 |
| 0.26% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $458,171.55 | 450,000 | BP5JP78 |
| 0.25% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $453,160.24 | 446,000 | BMZBL86 |
| 0.25% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $450,658.74 | 420,000 | BMGC188 |
| 0.25% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $449,742.07 | 442,000 | BRK14M1 |
| 0.25% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $447,832.50 | 426,000 | BMZMHS1 |
| 0.25% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $446,999.25 | 471,000 | BNM5Z19 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $439,783.53 | 411,000 | BPBRSM2 |
| 0.25% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $438,998.36 | 457,000 | BP815Z9 |
| 0.24% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $434,683.02 | 436,000 | BN95KZ1 |
| 0.24% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $433,698.19 | 749,000 | BN6JYJ8 |
| 0.24% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $429,099.45 | 467,000 | BPLFC68 |
| 0.24% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $428,752.42 | 455,000 | BMFNGQ5 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $427,121.39 | 461,000 | BNKFMN2 |
| 0.24% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $426,473.07 | 419,000 | BM8SW92 |
| 0.24% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $423,632.20 | 443,000 | BMHBB51 |
| 0.23% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $417,196.06 | 451,000 | BSKP420 |
| 0.23% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $416,552.10 | 431,000 | BRPT5J4 |
| 0.23% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $414,510.33 | 471,000 | BMBVFS8 |
| 0.23% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $413,729.86 | 419,000 | BQXJKM7 |
| 0.23% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $405,037.98 | 393,000 | BMCMQL0 |
| 0.23% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $404,678.04 | 452,000 | BP4Z8H8 |
| 0.23% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $402,451.26 | 422,000 | BP83D39 |
| 0.22% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $397,351.30 | 384,000 | BNRPLW7 |
| 0.22% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $388,073.06 | 394,000 | BMBV4H0 |
| 0.22% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $387,086.71 | 382,000 | BRBDSH9 |
| 0.22% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $384,578.50 | 382,000 | BRBVMG0 |
| 0.21% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $372,697.82 | 424,000 | BNKLFF3 |
| 0.20% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $365,098.30 | 485,000 | BMH8323 |
| 0.20% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $355,876.63 | 396,000 | BLDBLN6 |
| 0.20% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $353,186.86 | 356,000 | BQB7JV5 |
| 0.20% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $348,948.61 | 346,000 | BMXHQ92 |
| 0.18% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $317,233.69 | 322,000 | BMDXC58 |
| 0.18% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $315,411.76 | 301,000 | BMJ0L90 |
| 0.17% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $311,776.43 | 450,000 | BM9TR00 |
| 0.17% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $307,933.80 | 634,000 | BMW7N92 |
| 0.16% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $283,978.76 | 296,000 | BNTBJ41 |
| 0.16% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $277,454.90 | 277,000 | BP4YGK4 |
| 0.15% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $264,335.89 | 281,000 | BNW2059 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $252,019.29 | 280,000 | BMD9BZ9 |
| 0.14% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $246,151.18 | 285,000 | BM9SD09 |
| 0.14% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $244,409.11 | 242,000 | BNTZ4D7 |
| 0.13% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $225,714.59 | 232,000 | BMDB423 |
| 0.08% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $144,561.54 | 155,000 | BM9NG16 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $133,971.38 | 148,000 | BN7S9F5 |
| 0.07% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $123,105.23 | 135,000 | BLFGYK7 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $86,155.21 | 97,000 | BLD7383 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -9.88% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2025 TYM5 COMDTY | -- | -- | -17,616,703 | -- | -159 | -- |
| -30.31% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2025 TUM5 COMDTY | -- | -- | -54,047,391 | -- | -261 | -- |
| -56.40% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2025 FVM5 COMDTY | -- | -- | -100,581,774 | -- | -933 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,726,581.44 | 7,726,581 | -- |
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