HYHG
High Yield—Interest Rate Hedged
Why Invest in HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Why Invest in HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
HYHG Market Price | -0.08% | 2.06% | 4.83% | 4.83% | 12.00% | 6.43% | 5.25% | 3.45% | 3.64% | 05/21/2013 |
HYHG NAV | 0.15% | 1.79% | 4.73% | 4.73% | 12.41% | 6.44% | 5.28% | 3.51% | 3.62% | 05/21/2013 |
FTSE High Yield (Treasury Rate-Hedged) Index | 0.52% | 1.88% | 5.18% | 5.18% | 12.75% | 6.93% | 5.68% | 4.22% | 4.37% | -- |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
HYHG Market Price | -0.08% | 2.06% | 4.83% | 4.83% | 12.00% | 6.43% | 5.25% | 3.45% | 3.64% | 05/21/2013 |
HYHG NAV | 0.15% | 1.79% | 4.73% | 4.73% | 12.41% | 6.44% | 5.28% | 3.51% | 3.62% | 05/21/2013 |
FTSE High Yield (Treasury Rate-Hedged) Index | 0.52% | 1.88% | 5.18% | 5.18% | 12.75% | 6.93% | 5.68% | 4.22% | 4.37% | -- |
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
Characteristics
as of 6/30/2024- Number of Companies 215
- 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
Maturity7.85% - Net Effective Duration -0.20%
Price
as of 7/26/2024- NAV $64.33
- NAV Change $-0.04
- Market Price $64.58
- Market Price Change $+0.06
- Trading Volume (M) 8,477
- 30-Day Median Bid Ask Spread 0.00%
- View Premium / Discount
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
Characteristics
as of 6/30/2024- Number of Companies 215
- 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 7.85%
- Net Effective Duration -0.20%
Price
as of 7/26/2024- NAV $64.33
- NAV Change $-0.04
- Market Price $64.58
- Market Price Change $+0.06
- Trading Volume (M) 8,477
- 30-Day Median Bid Ask Spread 0.00%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 7/26/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.74% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $2,458,308.86 | 2,491,000 | BM9QGV5 |
1.38% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $1,951,584.21 | 2,068,000 | BMV1LQ8 |
1.18% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,665,944.98 | 1,614,000 | BPX27Q2 |
1.15% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $1,633,239.67 | 1,942,000 | BN2R7D1 |
1.11% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,566,735.99 | 1,523,000 | BQ67HZ0 |
1.09% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,541,195.78 | 1,575,000 | BN2QTP4 |
1.04% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,470,265.90 | 1,526,000 | BN765Z1 |
1.02% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,450,207.21 | 1,306,000 | BQ80PR5 |
0.99% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,406,306.76 | 1,454,000 | BMWDGR9 |
0.95% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,344,900.06 | 1,342,000 | BPVDS42 |
0.94% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,330,119.04 | 1,402,000 | BNNTB78 |
0.93% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,321,727.36 | 1,283,000 | BS2FMQ8 |
0.93% | -- | DISH DBS CORP | 5.25% | 12/01/2026 | -- | $1,312,437.62 | 1,595,000 | BNRLYV5 |
0.93% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $1,310,893.00 | 1,469,000 | BMT6QQ0 |
0.93% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,310,137.62 | 1,376,000 | BNTY069 |
0.90% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,269,913.42 | 1,384,000 | BMW7NB4 |
0.89% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,260,172.62 | 1,260,000 | BQB9NW0 |
0.89% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,259,199.22 | 1,265,000 | BMHYR18 |
0.87% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,234,580.05 | 1,249,000 | BRJQLF9 |
0.84% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,190,952.88 | 1,169,000 | BPLP3M1 |
0.83% | -- | SIRIUS XM RADIO INC | 4.00% | 07/15/2028 | -- | $1,181,337.09 | 1,286,000 | BMBJVY0 |
0.83% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,169,911.27 | 1,201,000 | BQKN5B6 |
0.79% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $1,115,111.77 | 1,196,000 | BMW4P42 |
0.77% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $1,090,278.74 | 1,111,000 | BMZRC58 |
0.75% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,060,609.10 | 1,032,000 | BS2FZM5 |
0.74% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,052,692.00 | 1,000,000 | BL6CM66 |
0.74% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $1,040,724.60 | 1,046,000 | BR1H7L8 |
0.72% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,018,919.41 | 972,000 | BRK4301 |
0.70% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $992,418.87 | 1,099,000 | BPVBYZ9 |
0.70% | -- | CARNIVAL CORP | 4.00% | 08/01/2028 | -- | $987,342.08 | 1,042,000 | BMD9Z35 |
0.68% | -- | CALPINE CORP | 4.50% | 02/15/2028 | -- | $959,347.26 | 1,002,000 | BJVS9S6 |
0.67% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $945,247.04 | 967,000 | BM8H783 |
0.66% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $940,014.47 | 994,000 | BN7SNC0 |
0.66% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $935,517.21 | 916,000 | BNDQTF3 |
0.65% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2027 | -- | $919,087.32 | 914,000 | BNHV2Z5 |
0.65% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $918,228.93 | 993,000 | BNHT925 |
0.63% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $888,969.19 | 967,000 | BMG1HP4 |
0.62% | -- | NCL CORPORATION LTD | 5.88% | 03/15/2026 | -- | $876,313.87 | 881,000 | BMB5SR0 |
0.61% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $864,156.48 | 836,000 | BSMMD99 |
0.60% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $855,224.47 | 939,000 | BKPMPR2 |
0.60% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $853,545.50 | 862,000 | BMG68Y5 |
0.60% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $848,742.56 | 865,000 | BMD14K1 |
0.60% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $844,204.82 | 874,000 | BLCC408 |
0.59% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $838,557.18 | 749,000 | BR1H4Z1 |
0.58% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $828,292.63 | 932,000 | BN7RYH9 |
0.58% | -- | UNITED AIRLINES INC | 4.38% | 04/15/2026 | -- | $818,078.02 | 840,000 | BMG8799 |
0.57% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $805,024.55 | 873,000 | BLN9LB8 |
0.57% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $802,384.51 | 862,000 | BNW2059 |
0.57% | -- | NEWS CORP | 3.88% | 05/15/2029 | -- | $800,342.32 | 863,000 | BMV9PS2 |
0.56% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $789,204.43 | 848,000 | BNNPV76 |
0.55% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $779,625.72 | 826,000 | BJNPGH3 |
0.54% | -- | VERITAS US INC/BERMUDA L | 7.50% | 09/01/2025 | -- | $768,890.39 | 885,000 | BL6B0F8 |
0.54% | -- | CLEAR CHANNEL OUTDOOR HO | 5.13% | 08/15/2027 | -- | $764,018.91 | 785,000 | BJ9NFT6 |
0.53% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $750,078.27 | 734,000 | BS561W7 |
0.52% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $742,590.60 | 680,000 | BRCDDH3 |
0.52% | -- | UNITED AIRLINES INC | 4.63% | 04/15/2029 | -- | $740,140.77 | 783,000 | BMG8788 |
0.51% | -- | ALTICE FRANCE SA | 5.13% | 07/15/2029 | -- | $721,778.30 | 1,061,000 | BM9V193 |
0.51% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $715,351.81 | 665,000 | BRT75V6 |
0.50% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $710,457.70 | 702,000 | BMFKW46 |
0.50% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $708,707.52 | 636,000 | BR1YST4 |
0.50% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $706,578.44 | 760,000 | BNBTNV8 |
0.50% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $706,452.89 | 721,000 | BMC7DR0 |
0.50% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $704,870.46 | 662,000 | BRBH8M6 |
0.49% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $697,150.74 | 665,000 | BS2FMP7 |
0.48% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $681,442.74 | 748,000 | BQ1PCD2 |
0.48% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $678,801.43 | 628,000 | BLDCTF7 |
0.48% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $675,659.55 | 735,000 | BNTBJ41 |
0.48% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $673,066.11 | 646,000 | BLC8Z03 |
0.47% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $666,946.84 | 642,000 | BNRPC80 |
0.47% | -- | NOVELIS CORP | 4.75% | 01/30/2030 | -- | $663,965.21 | 704,000 | BKLPSC1 |
0.47% | -- | ROYAL CARIBBEAN CRUISES | 6.25% | 03/15/2032 | -- | $658,480.34 | 644,000 | BSNSDT6 |
0.46% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $657,414.18 | 699,000 | BP0X973 |
0.46% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $648,304.03 | 681,000 | BM9QJS3 |
0.46% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $645,892.69 | 698,000 | BMVXSB8 |
0.45% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $639,017.63 | 628,000 | BNM6H94 |
0.45% | -- | CCO HLDGS LLC/CAP CORP | 4.75% | 03/01/2030 | -- | $638,753.00 | 717,000 | BK6WV51 |
0.45% | -- | ALTICE FRANCE SA | 5.50% | 10/15/2029 | -- | $633,127.54 | 928,000 | BMXJSV4 |
0.45% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $631,132.96 | 612,000 | BMJ0L90 |
0.44% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $627,203.79 | 621,000 | BQB88K0 |
0.44% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $626,410.56 | 652,000 | BMF4PS3 |
0.44% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $625,145.87 | 611,000 | BPG27W5 |
0.44% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $619,822.27 | 646,000 | BMVVY70 |
0.43% | -- | PRIME SECSRVC BRW/FINANC | 6.25% | 01/15/2028 | -- | $614,024.56 | 614,000 | BKVKXB0 |
0.43% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $608,628.56 | 625,000 | BMTN6F0 |
0.42% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $597,658.24 | 650,000 | BLSN159 |
0.42% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $591,667.34 | 577,000 | BMYMZT9 |
0.42% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $590,043.40 | 612,000 | BKPGFV8 |
0.42% | -- | STANDARD INDUSTRIES INC | 4.38% | 07/15/2030 | -- | $587,597.18 | 642,000 | BMYXXP4 |
0.41% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $581,480.62 | 554,000 | BPG22V9 |
0.41% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $580,652.19 | 542,000 | BQFHT88 |
0.41% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $578,335.34 | 674,000 | BP7LR98 |
0.41% | -- | VERICAST CORP | 11.00% | 09/15/2026 | -- | $574,428.75 | 553,000 | BP96BJ9 |
0.41% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $573,889.06 | 635,000 | BLFGYK7 |
0.40% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $570,473.21 | 635,000 | BMD9BZ9 |
0.40% | -- | HAWAIIAN BRAND INTELLECT | 5.75% | 01/20/2026 | -- | $568,368.91 | 597,000 | BMGWDD7 |
0.40% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $566,322.68 | 589,000 | BM8H4Y8 |
0.40% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $565,383.55 | 583,000 | BS89C64 |
0.40% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $564,375.77 | 634,000 | BMX50K5 |
0.40% | -- | SOUTHWESTERN ENERGY CO | 4.75% | 02/01/2032 | -- | $559,406.76 | 600,000 | BMH4406 |
0.39% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $546,333.50 | 500,000 | BS3BCF4 |
0.38% | -- | ICAHN ENTERPRISES/FIN | 5.25% | 05/15/2027 | -- | $544,294.48 | 569,000 | BLGSGV7 |
0.38% | -- | WINDSTREAM ESCROW LLC | 7.75% | 08/15/2028 | -- | $535,068.55 | 556,000 | BMH17V9 |
0.38% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $531,516.50 | 500,000 | BP2F579 |
0.37% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $529,850.22 | 514,000 | BS7XRZ1 |
0.37% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $526,874.00 | 500,000 | BRT7527 |
0.37% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $522,750.79 | 598,000 | BM94BT2 |
0.37% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $519,852.50 | 500,000 | BLDCK76 |
0.37% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $517,808.12 | 550,000 | BN0ZRZ9 |
0.36% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $516,590.88 | 529,000 | BMW2W01 |
0.36% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $511,259.50 | 500,000 | BS7Y6M4 |
0.36% | -- | POST HOLDINGS INC | 4.63% | 04/15/2030 | -- | $510,749.91 | 548,000 | BLCF601 |
0.36% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $508,977.19 | 558,000 | BLDBLN6 |
0.36% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $508,906.50 | 500,000 | BMCGQM3 |
0.36% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $506,605.23 | 552,000 | BMFNGQ5 |
0.36% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $503,592.00 | 500,000 | BPW9BQ2 |
0.36% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $503,050.96 | 481,000 | BPK4CP5 |
0.35% | -- | NMG HLDCO/NEIMAN MARCUS | 7.13% | 04/01/2026 | -- | $499,792.30 | 498,000 | BNRLH72 |
0.35% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $498,372.94 | 507,000 | BQ3QRD8 |
0.35% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $495,103.24 | 489,000 | BT3CPW2 |
0.35% | -- | CSC HOLDINGS LLC | 5.75% | 01/15/2030 | -- | $492,934.70 | 1,225,000 | BKFH0Y9 |
0.35% | -- | UBER TECHNOLOGIES INC | 7.50% | 09/15/2027 | -- | $491,176.04 | 481,000 | BKPQNG9 |
0.35% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $489,812.95 | 500,000 | BPP2DX9 |
0.35% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $488,737.86 | 549,000 | BPLFC68 |
0.34% | -- | NEXSTAR MEDIA INC | 5.63% | 07/15/2027 | -- | $487,989.07 | 503,000 | BJXR8L7 |
0.34% | -- | CRESCENT ENERGY FINANCE | 9.25% | 02/15/2028 | -- | $487,517.64 | 461,000 | BPQYX34 |
0.34% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $485,987.98 | 556,000 | BNM51T9 |
0.34% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $483,179.31 | 453,000 | BMCMQL0 |
0.34% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $483,150.69 | 463,000 | BRBCTZ1 |
0.34% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $479,761.73 | 578,000 | BLBQFB9 |
0.34% | -- | GRAY TELEVISION INC | 5.38% | 11/15/2031 | -- | $476,705.14 | 762,000 | BM93J39 |
0.34% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $474,426.12 | 509,000 | BLC9L19 |
0.33% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $473,056.57 | 561,000 | BKVH9C4 |
0.33% | -- | ROYAL CARIBBEAN CRUISES | 5.50% | 04/01/2028 | -- | $472,614.26 | 474,000 | BN486D5 |
0.33% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $470,957.66 | 539,000 | BLD7383 |
0.33% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $469,715.76 | 519,000 | BMT7QC9 |
0.33% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $469,201.90 | 464,000 | BRBDSH9 |
0.33% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $468,422.10 | 450,000 | BR53N25 |
0.33% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $467,145.75 | 500,000 | BMFBJS2 |
0.33% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $466,854.33 | 450,000 | BP5JP78 |
0.33% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $464,325.00 | 615,000 | BLB14D9 |
0.33% | -- | GRAY TELEVISION INC | 10.50% | 07/15/2029 | -- | $464,098.86 | 444,000 | BS88506 |
0.33% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $462,758.17 | 482,000 | BMDB423 |
0.33% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $462,561.84 | 451,000 | BSKP420 |
0.33% | -- | EQM MIDSTREAM PARTNERS L | 4.75% | 01/15/2031 | -- | $461,557.81 | 487,000 | BMD50V6 |
0.32% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $460,155.15 | 446,000 | BNKBFF3 |
0.32% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $459,689.90 | 457,000 | BS9C5X0 |
0.32% | -- | NCR VOYIX CORP | 5.13% | 04/15/2029 | -- | $455,022.78 | 476,000 | BL6KR10 |
0.32% | -- | MOHEGAN TRIBAL GAMING AU | 8.00% | 02/01/2026 | -- | $454,837.68 | 486,000 | BMYW168 |
0.32% | -- | SELECT MEDICAL CORP | 6.25% | 08/15/2026 | -- | $453,474.45 | 450,000 | BKPHQM9 |
0.32% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $452,015.55 | 450,000 | BMCGQ56 |
0.32% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $446,770.80 | 420,000 | BMGC188 |
0.32% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $446,557.03 | 500,000 | BPGM651 |
0.31% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $444,015.11 | 426,000 | BMZMHS1 |
0.31% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $432,608.44 | 419,000 | BPLL6H5 |
0.30% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $431,623.16 | 411,000 | BPBRSM2 |
0.30% | -- | SOUTHWESTERN ENERGY CO | 5.38% | 03/15/2030 | -- | $429,179.48 | 440,000 | BMDVV88 |
0.30% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $428,827.13 | 455,000 | BJLTTQ7 |
0.30% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $427,591.50 | 488,000 | BKPJT48 |
0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $427,300.80 | 400,000 | BR1YSV6 |
0.30% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 10/15/2027 | -- | $426,989.70 | 430,000 | BJK69N6 |
0.30% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $426,601.92 | 419,000 | BM8SW92 |
0.29% | -- | HERC HOLDINGS INC | 5.50% | 07/15/2027 | -- | $416,510.43 | 420,000 | BHWTW85 |
0.29% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $414,035.46 | 443,000 | BMHBB51 |
0.29% | -- | ARDAGH PKG FIN/HLDGS USA | 4.13% | 08/15/2026 | -- | $412,387.35 | 493,000 | BK5HL35 |
0.29% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $410,594.73 | 438,000 | BMW5D63 |
0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $407,173.69 | 432,000 | BMY8TS4 |
0.29% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $406,940.25 | 442,000 | BMXHJH1 |
0.28% | -- | CALPINE CORP | 5.13% | 03/15/2028 | -- | $396,258.05 | 409,000 | BKZMMC6 |
0.28% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $393,840.49 | 422,000 | BP83D39 |
0.28% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $392,995.89 | 432,000 | BNQPRV9 |
0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $389,386.12 | 415,000 | BNM5Z19 |
0.27% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $386,709.79 | 410,000 | BM9PWX6 |
0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $383,442.40 | 386,000 | BN95KZ1 |
0.27% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $382,494.57 | 572,000 | BMF4PW7 |
0.27% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $382,481.90 | 434,000 | BN6KWY2 |
0.27% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $380,769.68 | 394,000 | BMBV4H0 |
0.26% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $373,523.69 | 373,000 | BM8K1F7 |
0.26% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $366,662.62 | 367,000 | BMVXP62 |
0.25% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $360,786.09 | 424,000 | BNKLFF3 |
0.25% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $359,673.44 | 452,000 | BP4Z8H8 |
0.25% | -- | TRIVIUM PACKAGING FIN | 5.50% | 08/15/2026 | -- | $359,323.28 | 367,000 | BK0YKJ0 |
0.25% | -- | UBER TECHNOLOGIES INC | 4.50% | 08/15/2029 | -- | $350,227.30 | 364,000 | BNSNM61 |
0.25% | -- | COMMSCOPE LLC | 4.75% | 09/01/2029 | -- | $349,653.15 | 495,000 | BLDBLL4 |
0.25% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $349,065.40 | 500,000 | BMDHSY1 |
0.24% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $338,560.59 | 435,000 | BMH8323 |
0.24% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $338,509.09 | 514,000 | BLBQF75 |
0.24% | -- | 1011778 BC / NEW RED FIN | 3.88% | 01/15/2028 | -- | $337,512.20 | 358,000 | BJJJT70 |
0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $335,601.56 | 361,000 | BNKFMN2 |
0.23% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $326,442.65 | 380,000 | BMG3813 |
0.23% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $323,103.51 | 321,000 | BMF9C65 |
0.23% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $322,069.68 | 360,000 | BNHW2C5 |
0.23% | -- | STANDARD INDUSTRIES INC | 3.38% | 01/15/2031 | -- | $322,015.27 | 374,000 | BMFNDV9 |
0.23% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $319,217.02 | 322,000 | BMDXC58 |
0.22% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $314,209.80 | 300,000 | BNQQSS6 |
0.22% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $312,881.35 | 523,000 | BN6JYJ8 |
0.21% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $301,576.19 | 324,000 | BMH29D8 |
0.21% | -- | AMC NETWORKS INC | 4.25% | 02/15/2029 | -- | $301,499.62 | 440,000 | BLCHH93 |
0.21% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $294,987.26 | 340,000 | BMFBJQ0 |
0.20% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $276,705.00 | 429,000 | BP9LWV3 |
0.19% | -- | CMG MEDIA CORPORATION | 8.88% | 12/15/2027 | -- | $276,017.45 | 480,000 | BK7CY84 |
0.18% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $254,227.05 | 256,000 | BQB7JV5 |
0.17% | -- | TRANSOCEAN INC | 8.75% | 02/15/2030 | -- | $240,629.85 | 228,600 | BL0NW76 |
0.16% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $229,306.35 | 268,000 | BNHS096 |
0.15% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $214,506.38 | 401,000 | BM9TR00 |
0.14% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $203,299.09 | 211,000 | BL57W73 |
0.13% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $183,619.10 | 178,000 | BQKRVC1 |
0.12% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $168,488.11 | 183,000 | BMV1L02 |
0.12% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $167,786.60 | 425,000 | BM9M1M9 |
0.12% | -- | ALBERTSONS COS/SAFEWAY | 4.63% | 01/15/2027 | -- | $166,532.86 | 171,000 | BK0SQV6 |
0.11% | -- | FIRST QUANTUM MINERALS LTD CALLABLE NOTES FIXED 9.375% 01/MAR/2029 USD 1000 | -- | -- | -- | $158,670.95 | 151,000 | -- |
0.11% | -- | CAESARS ENTERTAIN INC | 8.13% | 07/01/2027 | -- | $155,956.57 | 153,000 | BLFBXK5 |
0.11% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $155,471.32 | 165,000 | BP815Z9 |
0.09% | -- | SIRIUS XM RADIO INC | 3.88% | 09/01/2031 | -- | $122,365.40 | 146,000 | BM9SD09 |
0.09% | -- | MINERAL RESOURCES LTD | 9.25% | 10/01/2028 | -- | $122,139.89 | 115,000 | BQ2LP29 |
0.06% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $87,405.57 | 98,000 | BN7S9F5 |
0.04% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $57,718.11 | 60,000 | BNBTL14 |
0.03% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $38,299.13 | 42,000 | BMXC0P1 |
-- | -- | PG&E CORP | 5.00% | 07/01/2028 | -- | $3,890.04 | 4,000 | BLCC3Z6 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,149,361.57 | 6,149,362 | -- |
-23.25% | -- | US 10YR NOTE (CBT) BOND 19/SEP/2024 TYU4 COMDTY | -- | -- | -32,916,125 | -- | -296 | -- |
-31.74% | -- | US 2YR NOTE (CBT) BOND 30/SEP/2024 TUU4 COMDTY | -- | -- | -44,937,773 | -- | -219 | -- |
-38.06% | -- | US 5YR NOTE (CBT) BOND 30/SEP/2024 FVU4 COMDTY | -- | -- | -53,892,727 | -- | -501 | -- |
Index
as of 6/28/2024
- Total Number of Issues237
- Long Portfolio Duration3.57
- Net Effective Duration0.04
- Long Portfolio Yield8.06
- Net Index Yield9.14
About the Index
The index is comprised of (a) long positions in USD-denominated high yield corporate bonds ("high yield bonds") and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration. In entering these positions, the index seeks to achieve an overall effective duration of zero.
By taking such short positions, the index seeks to mitigate the potential negative impact of rising Treasury interest rates ("interest rates") on the performance of high yield bonds (conversely limiting the potential positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of high yield bonds, such as credit risk, which may have a greater impact than rising or falling interest rates.
The long high yield corporate bond positions included in the index are designed to represent the more liquid universe of high yield bonds for sale within the United States. Currently, the bonds eligible for inclusion in the index include high yield bonds that are issued by companies domiciled in the U.S. and Canada, and that are: fixed rate (including callable bonds); have a maximum rating of Ba1/BB+ by both Moody's Investors Service, Inc. ("Moody's") and Standard and Poor's Financial Services, LLC ("S&P"); and are subject to minimum issue outstanding, minimum time to maturity and maximum time from issuance criteria. Pay-in-kind bonds (which allow issuers the option of paying bondholders interest in additional securities or cash) are excluded. No more than two issues from each issuer are allowed, and no more than 2% of the index is allocated to any single issuer.
The index is reconstituted and rebalanced (including a reset of the duration-equivalent short position in Treasury Securities) on a monthly basis.
Distributions
For
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
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