HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 278 Nontraditional Bond funds based on risk-adjusted returns as of 6/30/24.
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.
View all Fund
detail sections
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
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 7/31/2024
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.98% | 1.84% | 5.68% | 5.85% | 11.55% | 6.97% | 5.39% | 3.63% | 3.70% | 05/21/2013 |
| HYHG NAV | 0.88% | 1.50% | 5.53% | 5.65% | 11.45% | 6.96% | 5.31% | 3.76% | 3.68% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.64% | 1.60% | 5.75% | 5.85% | 11.59% | 7.35% | 5.66% | 4.45% | 4.40% | -- |
| 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
Price
as of 9/06/2024- NAV $63.67
- NAV Change $-0.15
- Market Price $63.90
- Market Price Change $-0.19
- Trading Volume (M) 8,269
- 30-Day Median Bid Ask Spread 0.31%
- 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
Price
as of 9/06/2024- NAV $63.67
- NAV Change $-0.15
- Market Price $63.90
- Market Price Change $-0.19
- Trading Volume (M) 8,269
- 30-Day Median Bid Ask Spread 0.31%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 9/06/2024
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.60% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $2,245,946.37 | 2,265,000 | BM9QGV5 |
| 1.34% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $1,877,876.82 | 1,968,000 | BMV1LQ8 |
| 1.28% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $1,799,624.50 | 1,835,000 | BN2QTP4 |
| 1.20% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,681,936.13 | 1,631,000 | BSMMD99 |
| 1.20% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $1,677,933.44 | 1,942,000 | BN2R7D1 |
| 1.19% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $1,670,332.97 | 1,614,000 | BPX27Q2 |
| 1.15% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,614,215.75 | 1,573,000 | BQB9NW0 |
| 1.12% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,575,937.96 | 1,523,000 | BQ67HZ0 |
| 1.10% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $1,535,145.57 | 1,566,000 | BMWDGR9 |
| 1.05% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,465,647.14 | 1,526,000 | BN765Z1 |
| 0.99% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,392,931.27 | 1,237,000 | BQ80PR5 |
| 0.96% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $1,345,532.02 | 1,469,000 | BMT6QQ0 |
| 0.95% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,330,966.12 | 1,283,000 | BS2FMQ8 |
| 0.93% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,308,552.75 | 1,384,000 | BMW7NB4 |
| 0.91% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,281,647.00 | 1,316,000 | BNNTB78 |
| 0.91% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,270,949.30 | 1,265,000 | BMHYR18 |
| 0.86% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,209,564.60 | 1,248,000 | BNTY069 |
| 0.86% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,203,346.39 | 1,169,000 | BPLP3M1 |
| 0.86% | -- | SIRIUS XM RADIO INC | 4.00% | 07/15/2028 | -- | $1,202,392.12 | 1,286,000 | BMBJVY0 |
| 0.85% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,189,284.25 | 1,201,000 | BQKN5B6 |
| 0.82% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,152,104.36 | 1,135,000 | BPW9BQ2 |
| 0.78% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $1,097,336.63 | 1,046,000 | BR1H7L8 |
| 0.76% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,067,792.86 | 1,032,000 | BS2FZM5 |
| 0.76% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,067,572.00 | 1,000,000 | BL6CM66 |
| 0.76% | -- | POST HOLDINGS INC | 4.63% | 04/15/2030 | -- | $1,062,093.47 | 1,115,000 | BLCF601 |
| 0.73% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,029,777.62 | 972,000 | BRK4301 |
| 0.69% | -- | CALPINE CORP | 4.50% | 02/15/2028 | -- | $968,571.18 | 1,002,000 | BJVS9S6 |
| 0.68% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $952,095.74 | 994,000 | BN7SNC0 |
| 0.68% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $946,396.27 | 967,000 | BM8H783 |
| 0.66% | -- | SOUTHWESTERN ENERGY CO | 4.75% | 02/01/2032 | -- | $930,981.28 | 980,000 | BMH4406 |
| 0.64% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $895,252.09 | 892,000 | BPVDS42 |
| 0.63% | -- | NCL CORPORATION LTD | 5.88% | 03/15/2026 | -- | $881,509.22 | 881,000 | BMB5SR0 |
| 0.63% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $878,261.58 | 935,000 | BS89C64 |
| 0.62% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $871,442.52 | 939,000 | BKPMPR2 |
| 0.61% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $857,936.05 | 874,000 | BLCC408 |
| 0.61% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $849,764.81 | 831,000 | BNM6H94 |
| 0.61% | -- | CARNIVAL HLDGS BM LTD | 10.38% | 05/01/2028 | -- | $847,862.02 | 785,000 | BM99Y87 |
| 0.60% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $847,520.25 | 862,000 | BMG68Y5 |
| 0.59% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $832,864.57 | 930,000 | BKPJT48 |
| 0.59% | -- | UNITED AIRLINES INC | 4.38% | 04/15/2026 | -- | $821,359.39 | 840,000 | BMG8799 |
| 0.58% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $809,784.49 | 863,000 | BMG1HP4 |
| 0.58% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $809,528.78 | 848,000 | BNNPV76 |
| 0.58% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $808,638.32 | 818,000 | BRXCZB7 |
| 0.57% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $798,855.00 | 826,000 | BJNPGH3 |
| 0.56% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $790,838.02 | 768,000 | BNDQTF3 |
| 0.56% | -- | FIRST QUANTUM MINERALS L | 6.88% | 10/15/2027 | -- | $789,614.84 | 797,000 | BMZRC58 |
| 0.56% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $786,134.08 | 810,000 | BNBTL14 |
| 0.56% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $781,255.54 | 763,000 | BPG27W5 |
| 0.55% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $773,042.45 | 723,000 | BNQQSS6 |
| 0.55% | -- | ROYAL CARIBBEAN CRUISES | 6.00% | 02/01/2033 | -- | $769,258.13 | 755,000 | BP09164 |
| 0.55% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $765,416.16 | 850,000 | BRBCV11 |
| 0.54% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $760,437.95 | 734,000 | BS561W7 |
| 0.54% | -- | DISH DBS CORP | 5.25% | 12/01/2026 | -- | $760,284.31 | 856,000 | BNRLYV5 |
| 0.54% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $750,698.24 | 680,000 | BRCDDH3 |
| 0.54% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $750,187.91 | 749,000 | BRJQLF9 |
| 0.53% | -- | UNITED AIRLINES INC | 4.63% | 04/15/2029 | -- | $748,529.91 | 783,000 | BMG8788 |
| 0.53% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $746,143.81 | 709,000 | BLDCK76 |
| 0.53% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $741,132.70 | 828,000 | BNM51T9 |
| 0.52% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $731,541.90 | 665,000 | BS2FMP7 |
| 0.51% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $715,909.74 | 665,000 | BRT75V6 |
| 0.51% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $713,202.52 | 702,000 | BMFKW46 |
| 0.51% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $709,591.22 | 662,000 | BRBH8M6 |
| 0.51% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $708,064.61 | 721,000 | BMC7DR0 |
| 0.50% | -- | ALTICE FRANCE SA | 5.50% | 10/15/2029 | -- | $694,234.56 | 1,006,000 | BMXJSV4 |
| 0.49% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $691,600.00 | 760,000 | BNBTNV8 |
| 0.49% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $691,148.51 | 748,000 | BQ1PCD2 |
| 0.49% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $690,875.45 | 735,000 | BNTBJ41 |
| 0.48% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $677,000.25 | 646,000 | BLC8Z03 |
| 0.48% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $676,700.77 | 628,000 | BLDCTF7 |
| 0.48% | -- | NOVELIS CORP | 4.75% | 01/30/2030 | -- | $672,984.65 | 704,000 | BKLPSC1 |
| 0.48% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $665,915.14 | 642,000 | BNRPC80 |
| 0.47% | -- | ALTICE FRANCE SA | 5.13% | 07/15/2029 | -- | $665,429.55 | 961,000 | BM9V193 |
| 0.47% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $655,168.23 | 696,000 | BMW4P42 |
| 0.47% | -- | CCO HLDGS LLC/CAP CORP | 4.75% | 03/01/2030 | -- | $653,604.80 | 717,000 | BK6WV51 |
| 0.46% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $647,940.90 | 652,000 | BMF4PS3 |
| 0.46% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $641,599.19 | 679,000 | BNHT925 |
| 0.45% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $635,793.95 | 612,000 | BMJ0L90 |
| 0.45% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $631,292.32 | 646,000 | BMVVY70 |
| 0.45% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $628,480.88 | 669,000 | BLN9LB8 |
| 0.45% | -- | VERITAS US INC/BERMUDA L | 7.50% | 09/01/2025 | -- | $627,898.85 | 691,000 | BL6B0F8 |
| 0.44% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $613,855.55 | 550,000 | BR1YST4 |
| 0.43% | -- | CLEVELAND-CLIFFS INC CALLABLE NOTES FIXED 7% 15/MAR/2032 USD 1000 | -- | -- | -- | $603,339.95 | 611,000 | -- |
| 0.43% | -- | STANDARD INDUSTRIES INC | 4.38% | 07/15/2030 | -- | $601,061.97 | 642,000 | BMYXXP4 |
| 0.43% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $597,536.94 | 572,000 | BNKBFF3 |
| 0.43% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $597,335.48 | 699,000 | BP0X973 |
| 0.42% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $590,853.77 | 577,000 | BMYMZT9 |
| 0.42% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $589,714.20 | 612,000 | BKPGFV8 |
| 0.42% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $588,587.88 | 554,000 | BPG22V9 |
| 0.42% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $587,728.71 | 542,000 | BQFHT88 |
| 0.42% | -- | HAWAIIAN BRAND INTELLECT | 5.75% | 01/20/2026 | -- | $587,446.33 | 597,000 | BMGWDD7 |
| 0.42% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $587,205.77 | 635,000 | BLFGYK7 |
| 0.42% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $582,438.00 | 635,000 | BMD9BZ9 |
| 0.41% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $576,556.89 | 569,000 | BMCGQM3 |
| 0.41% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $576,067.05 | 634,000 | BMX50K5 |
| 0.41% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $575,119.57 | 589,000 | BM8H4Y8 |
| 0.41% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $574,366.15 | 674,000 | BNHS096 |
| 0.40% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $561,351.21 | 570,000 | BM9QJS3 |
| 0.40% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $555,592.65 | 598,000 | BMVXSB8 |
| 0.40% | -- | WINDSTREAM ESCROW LLC | 7.75% | 08/15/2028 | -- | $553,652.12 | 556,000 | BMH17V9 |
| 0.39% | -- | ICAHN ENTERPRISES/FIN | 5.25% | 05/15/2027 | -- | $546,696.05 | 569,000 | BLGSGV7 |
| 0.39% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $541,401.80 | 715,000 | BLB14D9 |
| 0.39% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $541,069.76 | 597,000 | BLD7383 |
| 0.39% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $540,052.84 | 598,000 | BM94BT2 |
| 0.38% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $539,011.50 | 500,000 | BP2F579 |
| 0.38% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $533,821.50 | 500,000 | BS3BCF4 |
| 0.38% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $526,654.00 | 500,000 | BRT7527 |
| 0.38% | -- | ZAYO GROUP HOLDINGS INC | 4.00% | 03/01/2027 | -- | $525,827.33 | 578,000 | BLBQFB9 |
| 0.38% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $525,817.05 | 550,000 | BN0ZRZ9 |
| 0.37% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $519,238.00 | 500,000 | BS7Y6M4 |
| 0.37% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $518,434.28 | 558,000 | BLDBLN6 |
| 0.37% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $516,373.93 | 529,000 | BMW2W01 |
| 0.37% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $512,333.63 | 485,000 | BP6GPK1 |
| 0.36% | -- | GRAY TELEVISION INC | 10.50% | 07/15/2029 | -- | $505,984.93 | 494,000 | BS88506 |
| 0.36% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $505,755.97 | 507,000 | BQ3QRD8 |
| 0.36% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $502,792.73 | 489,000 | BT3CPW2 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $499,605.07 | 574,000 | BP7LR98 |
| 0.36% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $498,798.73 | 549,000 | BPLFC68 |
| 0.35% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $496,718.15 | 500,000 | BPP2DX9 |
| 0.35% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $496,282.81 | 481,000 | BPK4CP5 |
| 0.35% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $494,638.23 | 503,000 | BMTN6F0 |
| 0.35% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $489,448.19 | 528,000 | BLSN159 |
| 0.35% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $487,990.11 | 561,000 | BKVH9C4 |
| 0.35% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $486,365.76 | 463,000 | BRBCTZ1 |
| 0.35% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $485,188.82 | 453,000 | BMCMQL0 |
| 0.35% | -- | CRESCENT ENERGY FINANCE | 9.25% | 02/15/2028 | -- | $484,701.39 | 461,000 | BPQYX34 |
| 0.35% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $484,271.36 | 478,000 | BTCK903 |
| 0.34% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $479,981.45 | 509,000 | BLC9L19 |
| 0.34% | -- | ROYAL CARIBBEAN CRUISES | 5.50% | 04/01/2028 | -- | $476,240.12 | 474,000 | BN486D5 |
| 0.34% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $474,413.35 | 559,000 | BMDHSY1 |
| 0.34% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $474,370.75 | 500,000 | BMFBJS2 |
| 0.34% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $471,568.05 | 450,000 | BP5JP78 |
| 0.34% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $471,077.95 | 421,000 | BR1H4Z1 |
| 0.33% | -- | NCR VOYIX CORP | 5.13% | 04/15/2029 | -- | $468,904.17 | 476,000 | BL6KR10 |
| 0.33% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $468,791.10 | 450,000 | BR53N25 |
| 0.33% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $468,641.51 | 482,000 | BMDB423 |
| 0.33% | -- | MOHEGAN TRIBAL GAMING AU | 8.00% | 02/01/2026 | -- | $467,273.74 | 486,000 | BMYW168 |
| 0.33% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $465,026.52 | 456,000 | BNRPV83 |
| 0.33% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $464,067.90 | 454,000 | BS9C5X0 |
| 0.33% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $463,966.20 | 450,000 | BMCGQ56 |
| 0.32% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $453,411.95 | 451,000 | BSKP420 |
| 0.32% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $451,054.76 | 426,000 | BMZMHS1 |
| 0.32% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $450,970.80 | 420,000 | BMGC188 |
| 0.32% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $450,242.85 | 500,000 | BPGM651 |
| 0.32% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $448,884.34 | 471,000 | BNM5Z19 |
| 0.31% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $440,540.21 | 411,000 | BPBRSM2 |
| 0.31% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $437,993.60 | 400,000 | BR1YSV6 |
| 0.31% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $436,298.00 | 419,000 | BPLL6H5 |
| 0.31% | -- | PACTIV EVERGREEN GROUP | 4.00% | 10/15/2027 | -- | $434,355.79 | 455,000 | BJLTTQ7 |
| 0.31% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $432,530.35 | 421,000 | BMF9C65 |
| 0.31% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $430,187.43 | 940,000 | BM9M1M9 |
| 0.31% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $428,517.59 | 419,000 | BM8SW92 |
| 0.31% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 10/15/2027 | -- | $427,678.00 | 430,000 | BJK69N6 |
| 0.30% | -- | ZAYO GROUP HOLDINGS INC | 6.13% | 03/01/2028 | -- | $426,661.12 | 514,000 | BLBQF75 |
| 0.30% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $421,736.09 | 443,000 | BMHBB51 |
| 0.30% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2027 | -- | $421,384.93 | 414,000 | BNHV2Z5 |
| 0.30% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $418,417.55 | 438,000 | BMW5D63 |
| 0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $411,427.94 | 432,000 | BMY8TS4 |
| 0.29% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $405,876.40 | 442,000 | BMXHJH1 |
| 0.29% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $401,754.30 | 422,000 | BP83D39 |
| 0.29% | -- | DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP CALLABLE NOTES FIXED 8.625% 15/MAR/2029 USD 1000 | -- | -- | -- | $399,732.89 | 381,000 | -- |
| 0.28% | -- | COMMSCOPE LLC | 4.75% | 09/01/2029 | -- | $397,237.50 | 495,000 | BLDBLL4 |
| 0.28% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $395,744.40 | 432,000 | BN7RYH9 |
| 0.28% | -- | AMENTUM ESCROW CORP CALLABLE NOTES FIXED 7.25% 01/AUG/2032 USD 1000 | -- | -- | -- | $393,685.54 | 376,000 | -- |
| 0.28% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $393,226.08 | 410,000 | BM9PWX6 |
| 0.28% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $392,541.29 | 382,000 | BRBDSH9 |
| 0.28% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $392,220.19 | 432,000 | BNQPRV9 |
| 0.28% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $389,997.04 | 572,000 | BMF4PW7 |
| 0.28% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $388,805.45 | 386,000 | BN95KZ1 |
| 0.27% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $383,326.75 | 410,000 | BMFNGQ5 |
| 0.27% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $382,183.12 | 374,000 | BS7XRZ1 |
| 0.27% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $381,659.95 | 434,000 | BN6KWY2 |
| 0.27% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $378,618.12 | 367,000 | BMVXP62 |
| 0.27% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $378,381.96 | 394,000 | BMBV4H0 |
| 0.27% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $376,330.14 | 373,000 | BM8K1F7 |
| 0.27% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $374,144.46 | 363,000 | BQB88K0 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $370,233.43 | 452,000 | BP4Z8H8 |
| 0.26% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $367,965.98 | 424,000 | BNKLFF3 |
| 0.25% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $355,181.13 | 377,000 | BMT7QC9 |
| 0.24% | -- | NEWS CORP | 3.88% | 05/15/2029 | -- | $342,217.85 | 363,000 | BMV9PS2 |
| 0.24% | -- | 1011778 BC / NEW RED FIN | 3.88% | 01/15/2028 | -- | $342,010.75 | 358,000 | BJJJT70 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $340,553.21 | 361,000 | BNKFMN2 |
| 0.24% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $340,167.16 | 333,000 | BP091F3 |
| 0.24% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $337,182.63 | 380,000 | BMG3813 |
| 0.24% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $335,619.39 | 364,000 | BPVBYZ9 |
| 0.24% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $333,671.55 | 336,000 | BMC94W8 |
| 0.24% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $331,683.30 | 360,000 | BNHW2C5 |
| 0.23% | -- | STANDARD INDUSTRIES INC | 3.38% | 01/15/2031 | -- | $328,226.81 | 374,000 | BMFNDV9 |
| 0.23% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $321,395.48 | 322,000 | BMDXC58 |
| 0.23% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $317,122.30 | 308,000 | BMZBL86 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $316,719.76 | 435,000 | BMH8323 |
| 0.22% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $314,205.38 | 523,000 | BN6JYJ8 |
| 0.22% | -- | GRAY TELEVISION INC | 5.38% | 11/15/2031 | -- | $307,219.01 | 533,000 | BM93J39 |
| 0.22% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $306,195.55 | 324,000 | BMH29D8 |
| 0.22% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $303,806.66 | 340,000 | BMFBJQ0 |
| 0.20% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $281,872.31 | 429,000 | BP9LWV3 |
| 0.18% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $257,073.66 | 256,000 | BQB7JV5 |
| 0.18% | -- | ASTON MARTIN CAPITAL HOLDINGS LTD CALLABLE NOTES FIXED 10% 31/MAR/2029 USD 1000 | -- | -- | -- | $256,371.73 | 253,000 | -- |
| 0.18% | -- | CALPINE CORP | 5.13% | 03/15/2028 | -- | $253,648.98 | 259,000 | BKZMMC6 |
| 0.18% | -- | CMG MEDIA CORPORATION | 8.88% | 12/15/2027 | -- | $249,130.67 | 480,000 | BK7CY84 |
| 0.18% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $247,617.82 | 238,000 | BQKRVC1 |
| 0.17% | -- | ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC CALLABLE NOTES FIXED 5.25% 15/AUG/2027 USD 1000 | -- | -- | -- | $242,560.00 | 379,000 | -- |
| 0.16% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $229,425.00 | 228,000 | BP812N6 |
| 0.16% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $228,671.17 | 401,000 | BM9TR00 |
| 0.15% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $206,782.47 | 211,000 | BL57W73 |
| 0.15% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $204,802.51 | 219,000 | BMV1L02 |
| 0.12% | -- | ALBERTSONS COS/SAFEWAY | 4.63% | 01/15/2027 | -- | $166,649.11 | 171,000 | BK0SQV6 |
| 0.11% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $157,324.43 | 165,000 | BP815Z9 |
| 0.11% | -- | CAESARS ENTERTAIN INC | 8.13% | 07/01/2027 | -- | $156,376.71 | 153,000 | BLFBXK5 |
| 0.09% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $132,863.81 | 151,000 | BM9NG16 |
| 0.08% | -- | MINERAL RESOURCES LTD | 9.25% | 10/01/2028 | -- | $118,347.19 | 115,000 | BQ2LP29 |
| 0.08% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $114,439.78 | 115,000 | BMD14K1 |
| 0.08% | -- | PRIME SECSRVC BRW/FINANC | 6.25% | 01/15/2028 | -- | $113,713.04 | 114,000 | BKVKXB0 |
| 0.08% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $106,369.72 | 112,000 | BNW2059 |
| 0.07% | -- | SIRIUS XM RADIO INC | 3.88% | 09/01/2031 | -- | $101,075.92 | 118,000 | BM9SD09 |
| 0.07% | -- | LIGHTNING POWER LLC CALLABLE NOTES FIXED 7.25% 15/AUG/2032 USD 1000 | -- | -- | -- | $98,374.80 | 95,000 | -- |
| 0.06% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $90,283.60 | 98,000 | BN7S9F5 |
| 0.06% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $85,448.56 | 92,000 | BMXC0P1 |
| 0.06% | -- | SOUTHWESTERN ENERGY CO | 5.38% | 03/15/2030 | -- | $77,348.86 | 78,000 | BMDVV88 |
| -- | -- | PG&E CORP | 5.00% | 07/01/2028 | -- | $3,946.13 | 4,000 | BLCC3Z6 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,296,667.08 | 6,296,667 | -- |
| -8.86% | -- | US 10YR NOTE (CBT) BOND 19/DEC/2024 TYZ4 COMDTY | -- | -- | -12,421,688 | -- | -108 | -- |
| -32.45% | -- | US 2YR NOTE (CBT) BOND 31/DEC/2024 TUZ4 COMDTY | -- | -- | -45,481,953 | -- | -218 | -- |
| -56.80% | -- | US 5YR NOTE (CBT) BOND 31/DEC/2024 FVZ4 COMDTY | -- | -- | -79,602,906 | -- | -721 | -- |
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
- 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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