HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 253 Nontraditional Bond funds based on risk-adjusted returns as of 07/31/25.
Why HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
View all Fund
detail sections
Why HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Month-End Total Returns as of 7/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.83% | 4.63% | 1.42% | 2.64% | 8.04% | 10.03% | 7.40% | 5.11% | 4.05% | 05/21/2013 |
| HYHG NAV | 0.78% | 4.55% | 1.76% | 3.15% | 8.22% | 10.13% | 7.43% | 5.07% | 4.04% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.87% | 4.74% | 2.10% | 3.50% | 8.79% | 10.47% | 7.90% | 5.74% | 4.75% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.99% | 3.00% | 1.80% | 1.80% | 8.21% | 11.49% | 8.30% | 4.82% | 4.01% | 05/21/2013 |
| HYHG NAV | 1.28% | 3.10% | 2.36% | 2.36% | 8.33% | 11.77% | 8.31% | 4.87% | 4.00% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.23% | 2.60% | 2.60% | 8.54% | 12.28% | 8.83% | 5.50% | 4.71% | -- |
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 7/31/2025- Number of Companies 225
- Net Effective Duration -0.06
Price
as of 8/27/2025- NAV $64.75
- NAV Change $-0.02
- Market Price $65.07
- Market Price Change $+0.18
- Trading Volume (M) 6,130
- 30-Day Median Bid Ask Spread 0.43%
- View Premium / Discount
Distributions
as of 5/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.11%
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 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 7/31/2025- Number of Companies 225
- Net Effective Duration -0.06
Price
as of 8/27/2025- NAV $64.75
- NAV Change $-0.02
- Market Price $65.07
- Market Price Change $+0.18
- Trading Volume (M) 6,130
- 30-Day Median Bid Ask Spread 0.43%
- View Premium / Discount
Distributions
as of 5/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.11%
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 Details
Exposures
Index as of 9/30/2022
Holdings
as of 8/27/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.94% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $3,205,859.13 | 3,038,000 | BQB9NW0 |
| 1.30% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,147,213.12 | 2,167,000 | BMWDGR9 |
| 1.29% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,132,827.48 | 2,109,000 | BN2QTP4 |
| 1.20% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $1,975,354.50 | 2,172,000 | BMFNDV9 |
| 1.16% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,921,135.52 | 1,938,000 | BNNTB78 |
| 1.14% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,879,965.83 | 1,871,000 | BSMMD99 |
| 0.99% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,641,200.94 | 1,602,000 | BNM6H94 |
| 0.95% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,576,333.44 | 1,485,000 | BP6GPK1 |
| 0.93% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,528,826.72 | 1,458,000 | BQ67HZ0 |
| 0.88% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,450,270.80 | 1,382,000 | BRK4301 |
| 0.88% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,447,275.00 | 1,380,000 | BNBTNV8 |
| 0.88% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,445,088.96 | 1,440,000 | BM8H783 |
| 0.83% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,364,626.03 | 1,321,000 | BPH26F0 |
| 0.82% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $1,351,143.06 | 1,480,000 | BMFBJQ0 |
| 0.81% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,330,438.93 | 1,283,000 | BS2FMQ8 |
| 0.81% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,329,651.20 | 1,280,000 | BS9G792 |
| 0.80% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,324,524.27 | 1,290,000 | BPLP3M1 |
| 0.78% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $1,287,259.37 | 1,249,000 | BQMJ1N6 |
| 0.76% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,251,046.08 | 1,210,000 | BNZG7Q8 |
| 0.75% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,238,927.96 | 1,250,000 | BRXZ215 |
| 0.74% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,215,520.86 | 1,185,000 | BR4XVS8 |
| 0.74% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,215,426.42 | 1,170,000 | BRJQLF9 |
| 0.73% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $1,200,086.44 | 1,190,000 | BS6V604 |
| 0.72% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,192,777.47 | 1,223,000 | BMVXSB8 |
| 0.72% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $1,191,791.74 | 1,306,000 | BKPJT48 |
| 0.72% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,188,629.32 | 1,134,000 | BTCCGD1 |
| 0.72% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,182,238.65 | 1,295,000 | BMBVFS8 |
| 0.72% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $1,181,769.98 | 1,152,000 | BV0YZ47 |
| 0.71% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,174,595.60 | 1,180,000 | BQKN5B6 |
| 0.70% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,149,246.97 | 1,096,000 | BV5GRT7 |
| 0.69% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,147,499.53 | 1,100,000 | BRSF6F2 |
| 0.69% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,134,229.82 | 1,030,000 | BQ80PR5 |
| 0.69% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,134,016.30 | 1,133,000 | BPVDS42 |
| 0.68% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,127,985.89 | 1,087,000 | BVDKGM7 |
| 0.67% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,103,985.99 | 1,145,000 | BMBJVY0 |
| 0.66% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $1,096,169.60 | 1,486,000 | BM93J39 |
| 0.63% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,040,215.07 | 1,006,000 | BS2FZM5 |
| 0.62% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,021,367.74 | 1,026,000 | BN765Z1 |
| 0.62% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,020,655.71 | 1,041,000 | BN7SNC0 |
| 0.62% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,017,600.00 | 1,060,000 | BS89C64 |
| 0.62% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $1,016,967.60 | 976,000 | BRQPKY1 |
| 0.62% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $1,016,612.51 | 992,000 | BRZWYJ6 |
| 0.61% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,007,457.18 | 1,044,000 | BNW2059 |
| 0.61% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $999,899.87 | 971,000 | BMF9C65 |
| 0.60% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $992,679.40 | 1,073,000 | BMX50K5 |
| 0.60% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $983,590.97 | 945,000 | BQ2KRF3 |
| 0.59% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $979,968.02 | 946,000 | BPH25H5 |
| 0.59% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $977,103.40 | 1,036,000 | BLFGYK7 |
| 0.58% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $956,603.10 | 921,000 | BT7HYL5 |
| 0.57% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $939,255.96 | 1,004,000 | BMT6QQ0 |
| 0.56% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $927,638.25 | 937,000 | BRXCZB7 |
| 0.56% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $918,879.91 | 1,002,000 | BRBCV11 |
| 0.56% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $918,029.66 | 960,000 | BMDHSY1 |
| 0.55% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $907,597.07 | 989,000 | BNNPV76 |
| 0.55% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $902,431.35 | 853,000 | BL6CM66 |
| 0.54% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $895,235.21 | 865,000 | BS84LN9 |
| 0.54% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $894,682.90 | 1,039,000 | BRJHSK6 |
| 0.54% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $890,702.10 | 852,000 | BPG22V9 |
| 0.52% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $854,590.96 | 894,000 | BMV1LQ8 |
| 0.51% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $849,321.42 | 844,000 | BPLPFQ9 |
| 0.51% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $848,221.88 | 826,000 | BNTZ4D7 |
| 0.51% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $847,343.70 | 838,000 | BP812N6 |
| 0.51% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $844,579.12 | 821,000 | BVDKGL6 |
| 0.51% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $843,994.94 | 801,000 | BVK4MV3 |
| 0.51% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $843,848.56 | 815,000 | BMZBL86 |
| 0.51% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $843,747.77 | 803,000 | BRBH8M6 |
| 0.50% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $829,246.02 | 835,000 | BVF9138 |
| 0.50% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $828,426.37 | 799,000 | BNDQTF3 |
| 0.49% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $816,889.09 | 797,000 | BRT75V6 |
| 0.49% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $811,392.22 | 782,000 | BM8K1F7 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $806,543.74 | 826,000 | BJNPGH3 |
| 0.49% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $806,304.43 | 783,000 | BSHT8Y5 |
| 0.49% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $802,098.37 | 936,000 | BMV1L02 |
| 0.48% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $796,179.63 | 847,000 | BNHS096 |
| 0.46% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $761,547.75 | 750,000 | BT9NKJ1 |
| 0.46% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $760,702.03 | 714,000 | BQFHT88 |
| 0.46% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $760,312.50 | 750,000 | BT7MYF4 |
| 0.46% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $758,058.84 | 738,000 | BNRPC80 |
| 0.45% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $749,335.91 | 737,000 | BPW9BQ2 |
| 0.45% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $748,101.73 | 748,000 | BQ1PCD2 |
| 0.45% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $745,858.96 | 738,000 | BV4K8M0 |
| 0.45% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $740,971.62 | 709,000 | BLDCK76 |
| 0.45% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $736,153.50 | 750,000 | BRT7X56 |
| 0.45% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $735,966.08 | 695,000 | BRBCTZ1 |
| 0.44% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $723,883.08 | 769,000 | BNDLGZ7 |
| 0.43% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $714,496.28 | 675,000 | BMVXP62 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $712,480.28 | 701,000 | BPG27W5 |
| 0.43% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $712,303.97 | 711,000 | BMBN777 |
| 0.43% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $706,921.65 | 729,000 | BMFBJS2 |
| 0.43% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $703,929.71 | 685,000 | BSNQ215 |
| 0.42% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $691,854.76 | 684,000 | BTXQV60 |
| 0.42% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $689,959.35 | 666,000 | BS9C5X0 |
| 0.42% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $689,470.62 | 671,000 | BQ3QRD8 |
| 0.41% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $676,629.44 | 646,000 | BLC8Z03 |
| 0.41% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $670,556.42 | 628,000 | BLDCTF7 |
| 0.41% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $669,768.00 | 649,000 | BTCK903 |
| 0.40% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $664,662.13 | 659,000 | BV99DS3 |
| 0.40% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $657,796.66 | 679,000 | BNHT925 |
| 0.40% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $654,010.32 | 659,000 | BM8K6S5 |
| 0.39% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $650,139.90 | 750,000 | BMVZMH8 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $647,404.44 | 618,000 | BV1C948 |
| 0.39% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $638,323.96 | 653,000 | BLC9L19 |
| 0.38% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $630,396.26 | 573,000 | BR1H4Z1 |
| 0.38% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $630,326.95 | 711,000 | BM94BT2 |
| 0.38% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $627,017.04 | 634,000 | BQXJKM7 |
| 0.38% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $624,523.91 | 665,000 | BPVBYZ9 |
| 0.38% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $623,555.42 | 610,000 | BQB88K0 |
| 0.37% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $611,378.15 | 609,000 | BPP2DX9 |
| 0.37% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $609,434.83 | 609,000 | BMXC0P1 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $600,705.20 | 581,000 | BPX27Q2 |
| 0.36% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $598,662.54 | 569,000 | BMCGQM3 |
| 0.36% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $590,219.59 | 582,000 | BSVLRC8 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $588,494.03 | 630,000 | BP7LR98 |
| 0.35% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $582,633.87 | 546,000 | BMGC188 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $582,076.40 | 556,000 | BNRPV83 |
| 0.35% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $578,639.88 | 546,000 | BT3NFD6 |
| 0.34% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $562,375.00 | 550,000 | BP946X2 |
| 0.34% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $560,169.31 | 536,000 | BRC2671 |
| 0.34% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $556,752.73 | 592,000 | BPLFC68 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $551,895.12 | 529,000 | BR2NN28 |
| 0.33% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $548,262.91 | 563,000 | BS3BCF4 |
| 0.33% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $546,330.21 | 505,000 | BRCDDH3 |
| 0.33% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $544,624.50 | 525,000 | BTJS1V5 |
| 0.33% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $543,147.41 | 542,000 | BMXHJH1 |
| 0.33% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $537,610.10 | 550,000 | BN0ZRZ9 |
| 0.32% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $533,319.06 | 521,000 | BTTRMX1 |
| 0.32% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $528,455.20 | 520,000 | BMC94W8 |
| 0.32% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $527,890.00 | 500,000 | BVK4BV6 |
| 0.32% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $525,773.90 | 532,000 | BM9PWX6 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $523,185.02 | 513,000 | BQ68CL4 |
| 0.32% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $522,586.00 | 500,000 | BMVXP51 |
| 0.32% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $522,305.50 | 500,000 | BNKBFF3 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $521,471.17 | 503,000 | BRRG7V9 |
| 0.31% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $519,837.12 | 500,000 | BSNZ6B0 |
| 0.31% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $519,537.51 | 529,000 | BMW2W01 |
| 0.31% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $519,220.61 | 563,000 | BKVH9C4 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $516,032.30 | 500,000 | BMGDND0 |
| 0.31% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $515,243.81 | 527,000 | BT7JWZ1 |
| 0.31% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $513,445.50 | 500,000 | BPSQQR3 |
| 0.31% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $513,241.08 | 539,000 | BKPMPR2 |
| 0.31% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $508,740.93 | 489,000 | BT3CPW2 |
| 0.31% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $505,775.98 | 560,000 | BMG3813 |
| 0.31% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $505,521.16 | 500,000 | BVK50T0 |
| 0.31% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $505,312.50 | 750,000 | BTPF2W8 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $500,218.82 | 485,000 | BP092B6 |
| 0.30% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $499,784.97 | 481,000 | BPK4CP5 |
| 0.30% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $499,595.37 | 488,000 | BP4YGK4 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $497,836.35 | 450,000 | BR1YSV6 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $496,741.91 | 495,000 | BN6MM59 |
| 0.30% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $495,945.10 | 498,000 | BQ9D885 |
| 0.30% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $494,938.07 | 521,000 | BN6KWY2 |
| 0.30% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $489,707.39 | 461,000 | BNQQSS6 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $486,182.91 | 464,000 | BQKRVC1 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $483,465.49 | 467,000 | BMCGQ56 |
| 0.29% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $478,437.71 | 503,000 | BNHW2C5 |
| 0.29% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $477,615.69 | 701,000 | BN6JYJ8 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $475,000.70 | 483,000 | BM8H4Y8 |
| 0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $474,771.09 | 492,000 | BMY8TS4 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $473,393.79 | 495,000 | BMH29D8 |
| 0.29% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $472,835.96 | 613,000 | BMWT6D3 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $469,793.25 | 450,000 | BR53N25 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $468,245.25 | 450,000 | BP5JP78 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $467,737.83 | 441,000 | BPLL6H5 |
| 0.28% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $465,748.01 | 455,000 | BQ2KRD1 |
| 0.28% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $464,951.36 | 465,000 | BMD14K1 |
| 0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $462,120.76 | 471,000 | BNM5Z19 |
| 0.28% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $461,233.63 | 442,000 | BRK14M1 |
| 0.28% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $459,581.56 | 456,000 | BQB7JV5 |
| 0.28% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $456,887.56 | 426,000 | BMZMHS1 |
| 0.28% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $454,967.90 | 462,000 | BNBTL14 |
| 0.27% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $451,240.00 | 464,000 | BS6RJF8 |
| 0.27% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $445,765.91 | 455,000 | BMFNGQ5 |
| 0.27% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $443,298.54 | 451,000 | BSKP420 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $440,576.69 | 436,000 | BN95KZ1 |
| 0.26% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $436,527.98 | 1,169,000 | BQWNRK7 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $435,832.37 | 452,000 | BP4Z8H8 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $435,231.28 | 427,000 | BL54J73 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $434,198.61 | 443,000 | BMHBB51 |
| 0.26% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $432,426.23 | 399,000 | BMJ0LG7 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $429,484.22 | 419,000 | BM8SW92 |
| 0.26% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $425,431.55 | 416,000 | BTTRLD4 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $419,322.14 | 431,000 | BRPT5J4 |
| 0.25% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $410,237.34 | 422,000 | BP83D39 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $407,394.04 | 383,000 | BPBRSM2 |
| 0.25% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $405,495.85 | 425,000 | BMG1HP4 |
| 0.24% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $404,129.66 | 384,000 | BNRPLW7 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $400,112.44 | 383,000 | BP092P0 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $398,002.38 | 416,000 | BNKFMN2 |
| 0.24% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $393,935.21 | 382,000 | BRBVMG0 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $392,571.85 | 382,000 | BRBDSH9 |
| 0.24% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $391,710.39 | 394,000 | BMBV4H0 |
| 0.24% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $388,788.61 | 376,000 | BRT7527 |
| 0.24% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $388,410.46 | 424,000 | BNKLFF3 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $375,268.75 | 485,000 | BMH8323 |
| 0.23% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $373,320.10 | 653,000 | BPGM651 |
| 0.22% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $371,543.95 | 500,000 | BNQPRV9 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $369,838.11 | 378,000 | BR4ZG56 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $364,693.83 | 349,000 | BS7XRZ1 |
| 0.22% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $363,260.30 | 354,000 | BM9YJB0 |
| 0.22% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $357,942.36 | 389,000 | BMDB423 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $357,127.66 | 337,000 | BMCMQL0 |
| 0.21% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $353,988.60 | 384,000 | BNM51T9 |
| 0.21% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $344,126.63 | 359,000 | BMT7QC9 |
| 0.20% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $323,285.48 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $315,822.67 | 301,000 | BMJ0L90 |
| 0.19% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $313,644.13 | 481,000 | BMY0HH5 |
| 0.18% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $293,077.47 | 296,000 | BNTBJ41 |
| 0.16% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $256,263.42 | 285,000 | BM9SD09 |
| 0.15% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $252,128.71 | 247,000 | BMXHQ92 |
| 0.14% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $235,221.44 | 228,000 | BVF9246 |
| 0.14% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $230,040.00 | 648,000 | BP0X973 |
| 0.13% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $213,575.43 | 209,000 | BP091F3 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $137,429.07 | 148,000 | BN7S9F5 |
| 0.08% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $131,978.65 | 185,000 | BP9LWV3 |
| 0.08% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $124,853.27 | 133,000 | BMD9BZ9 |
| 0.07% | -- | HERC HOLDINGS INC | 7.00% | 06/15/2030 | -- | $114,491.08 | 110,000 | BV5GRS6 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $89,416.23 | 97,000 | BLD7383 |
| 0.04% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $71,955.86 | 74,000 | BM9NG16 |
| 0.02% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $36,775.66 | 35,000 | BR1H7L8 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $11,237.18 | 12,000 | BLDBLN6 |
| -- | -- | CELANESE US HOLDINGS LLC | 6.67% | 07/15/2027 | -- | $2,053.23 | 2,000 | BP9RBF8 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -11.78% | -- | US 10YR NOTE (CBT) BOND 19/DEC/2025 TYZ5 COMDTY | -- | -- | -19,451,688 | -- | -173 | -- |
| -35.62% | -- | US 2YR NOTE (CBT) BOND 31/DEC/2025 TUZ5 COMDTY | -- | -- | -58,812,422 | -- | -282 | -- |
| -47.12% | -- | US 5YR NOTE (CBT) BOND 31/DEC/2025 FVZ5 COMDTY | -- | -- | -77,815,618 | -- | -711 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,297,985.53 | 7,297,986 | -- |
Index
as of 3/31/2025
- Total Number of Issues246
- Long Portfolio Duration3.21
- Net Effective Duration-0.05
- Long Portfolio Yield7.40
- Net Index Yield8.05
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