HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 260 Nontraditional Bond funds based on risk-adjusted returns as of 12/31/24.
Why HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
View all Fund
detail sections
Why HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Month-End Total Returns as of 2/28/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 1.41% | 3.33% | 7.21% | 2.63% | 11.83% | 9.42% | 7.27% | 4.76% | 4.20% | 05/21/2013 |
| HYHG NAV | -0.56% | 1.31% | 4.89% | 0.81% | 9.69% | 8.70% | 6.91% | 4.52% | 3.99% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | -0.44% | 1.36% | 5.02% | 0.92% | 10.13% | 9.13% | 7.29% | 5.16% | 4.70% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.68% | 3.40% | 6.29% | 11.42% | 11.42% | 7.90% | 5.88% | 4.74% | 4.02% | 05/21/2013 |
| HYHG NAV | 0.50% | 2.96% | 5.83% | 10.84% | 10.84% | 7.75% | 5.82% | 4.61% | 3.97% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 0.44% | 2.94% | 5.78% | 11.26% | 11.26% | 8.06% | 6.19% | 5.25% | 4.68% | -- |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
About the Fund
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 2/28/2025- Number of Companies 228
- Net Effective Duration -0.17%
Price
as of 4/01/2025- NAV $63.60
- NAV Change $-0.35
- Market Price $63.61
- Market Price Change $-0.06
- Trading Volume (M) 49,220
- View Premium / Discount
Distributions
as of 2/28/2025- SEC 30-Day Yield 6.92%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- Distribution Frequency Monthly
- 12-Month Distribution Rate 6.69%
12-Month Distribution Rate represents the sum of the fund’s distributions for the last 12 months, expressed as a percentage of the NAV at the announcement of the most recent distribution.
- Distribution Details
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 2/28/2025- Number of Companies 228
- Net Effective Duration -0.17%
Price
as of 4/01/2025- NAV $63.60
- NAV Change $-0.35
- Market Price $63.61
- Market Price Change $-0.06
- Trading Volume (M) 49,220
- View Premium / Discount
Distributions
as of 2/28/2025- SEC 30-Day Yield 6.92%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- Distribution Frequency Monthly
- 12-Month Distribution Rate 6.69%
12-Month Distribution Rate represents the sum of the fund’s distributions for the last 12 months, expressed as a percentage of the NAV at the announcement of the most recent distribution.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 4/01/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.40% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,457,141.11 | 2,511,000 | BN2QTP4 |
| 1.36% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,372,146.59 | 2,661,000 | BN2R7D1 |
| 1.31% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,288,112.50 | 2,173,000 | BQB9NW0 |
| 1.21% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $2,109,722.36 | 2,208,000 | BNNTB78 |
| 1.19% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,086,804.75 | 2,167,000 | BMWDGR9 |
| 1.12% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,967,652.21 | 2,026,000 | BN765Z1 |
| 1.10% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $1,922,178.78 | 2,076,000 | BMYXXP4 |
| 1.10% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,917,818.11 | 1,953,000 | BSMMD99 |
| 1.09% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $1,899,678.48 | 2,086,000 | BMT7QC9 |
| 1.01% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,766,089.01 | 1,765,000 | BMHYR18 |
| 1.00% | -- | TRANSDIGM INC | 5.50% | 11/15/2027 | -- | $1,745,914.70 | 1,765,000 | BM9QGV5 |
| 0.99% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,738,161.29 | 1,707,000 | BQ67HZ0 |
| 0.97% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,696,044.05 | 1,735,000 | BM8H783 |
| 0.90% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,579,712.72 | 1,662,000 | BNTY069 |
| 0.90% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,566,480.47 | 1,485,000 | BP6GPK1 |
| 0.83% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,444,042.02 | 1,420,000 | BS2FZM5 |
| 0.80% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,404,595.70 | 1,382,000 | BRK4301 |
| 0.80% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,396,028.40 | 1,300,000 | BQ80PR5 |
| 0.77% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $1,346,072.70 | 1,400,000 | BRBCV11 |
| 0.76% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,332,558.75 | 1,321,000 | BPH26F0 |
| 0.76% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,328,779.63 | 1,420,000 | BMBJVY0 |
| 0.75% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,307,524.55 | 1,283,000 | BS2FMQ8 |
| 0.74% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,298,422.96 | 1,246,000 | BL6CM66 |
| 0.74% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,292,711.58 | 1,290,000 | BPLP3M1 |
| 0.73% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,280,209.13 | 1,384,000 | BMW7NB4 |
| 0.71% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $1,249,377.83 | 1,243,000 | BQ2KRF3 |
| 0.70% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $1,233,282.27 | 1,231,000 | BNTZ4D7 |
| 0.70% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,226,550.38 | 1,210,000 | BS561W7 |
| 0.69% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,208,289.04 | 1,330,000 | BS89C64 |
| 0.68% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $1,180,937.82 | 1,123,000 | BR54DP1 |
| 0.67% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,178,800.20 | 1,162,000 | BNM6H94 |
| 0.67% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,172,607.71 | 1,244,000 | BN7SNC0 |
| 0.67% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,171,465.39 | 1,170,000 | BRJQLF9 |
| 0.67% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $1,168,794.20 | 1,170,000 | BMBN777 |
| 0.67% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,165,893.16 | 1,211,000 | BL57W73 |
| 0.66% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,158,412.51 | 1,223,000 | BMVXSB8 |
| 0.66% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,156,741.24 | 1,134,000 | BTCCGD1 |
| 0.65% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,129,746.59 | 1,133,000 | BPVDS42 |
| 0.64% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,122,238.70 | 1,100,000 | BRSF6F2 |
| 0.64% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $1,113,411.74 | 1,107,000 | BNDQTF3 |
| 0.62% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,086,993.15 | 1,085,000 | BPW9BQ2 |
| 0.60% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,048,459.42 | 1,201,000 | BQKN5B6 |
| 0.59% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $1,031,760.64 | 1,135,000 | BLFGYK7 |
| 0.59% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,029,132.83 | 1,040,000 | BP812N6 |
| 0.59% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $1,025,386.67 | 1,023,000 | BSNQ215 |
| 0.58% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $1,013,437.69 | 1,155,000 | BMV1L02 |
| 0.58% | -- | AXON ENTERPRISE INC CALLABLE NOTES FIXED 6.125% 15/MAR/2030 USD 1000 | -- | -- | -- | $1,008,796.19 | 1,000,000 | -- |
| 0.57% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $1,002,835.00 | 1,000,000 | BPH25H5 |
| 0.56% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $984,407.22 | 1,001,000 | BRXCZB7 |
| 0.56% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $974,031.80 | 980,000 | BSVLRC8 |
| 0.56% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $971,326.26 | 971,000 | BMF9C65 |
| 0.55% | -- | BAUSCH HEALTH COS INC | 4.88% | 06/01/2028 | -- | $969,420.00 | 1,208,000 | BLB14D9 |
| 0.55% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $968,868.16 | 1,169,000 | BQWNRK7 |
| 0.55% | -- | DT MIDSTREAM INC | 4.38% | 06/15/2031 | -- | $967,681.54 | 1,045,000 | BLN9LB8 |
| 0.55% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $955,662.75 | 1,098,000 | BM94BT2 |
| 0.54% | -- | SAKS GLOBAL ENTERPRISES | 11.00% | 12/15/2029 | -- | $947,979.77 | 1,167,000 | BS495M5 |
| 0.54% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $945,851.25 | 1,053,000 | BN7RYH9 |
| 0.54% | -- | ADT SECURITY CORP/THE CALLABLE NOTES FIXED 4.125% 01/AUG/2029 USD 1000 | -- | -- | -- | $941,076.10 | 1,000,000 | -- |
| 0.54% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $937,624.97 | 921,000 | BNRPC80 |
| 0.53% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $925,258.90 | 1,039,000 | BNNPV76 |
| 0.52% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $911,221.60 | 1,004,000 | BMT6QQ0 |
| 0.52% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $904,067.21 | 809,000 | BS2FMP7 |
| 0.52% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $902,178.20 | 916,000 | BQXJKM7 |
| 0.51% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $898,997.72 | 995,000 | BMDHSY1 |
| 0.51% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $896,693.75 | 976,000 | BRQPKY1 |
| 0.51% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $890,637.36 | 862,000 | BT3NFD6 |
| 0.50% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $879,934.69 | 835,000 | BPG22V9 |
| 0.48% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $844,341.09 | 894,000 | BMV1LQ8 |
| 0.48% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $837,737.52 | 844,000 | BPLPFQ9 |
| 0.48% | -- | H&E EQUIPMENT SERVICES | 3.88% | 12/15/2028 | -- | $836,455.30 | 834,000 | BLSN159 |
| 0.48% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $834,816.07 | 770,000 | BRCDDH3 |
| 0.48% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $834,618.93 | 803,000 | BRBH8M6 |
| 0.48% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $833,071.23 | 850,000 | BPP2DX9 |
| 0.47% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $821,867.20 | 797,000 | BRT75V6 |
| 0.46% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $804,004.41 | 789,000 | BMVXP62 |
| 0.45% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $790,722.83 | 755,000 | BNQQSS6 |
| 0.45% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $788,668.73 | 810,000 | BNBTL14 |
| 0.45% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $787,722.11 | 865,000 | BS84LN9 |
| 0.45% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $785,724.67 | 782,000 | BM8K1F7 |
| 0.45% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $784,989.10 | 826,000 | BJNPGH3 |
| 0.44% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $777,634.18 | 851,000 | BNHW2C5 |
| 0.44% | -- | UNICREDIT SPA | 5.46% | 06/30/2035 | -- | $772,654.03 | 786,000 | BM9QJS3 |
| 0.44% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $761,834.86 | 874,000 | BMFNDV9 |
| 0.43% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $757,469.27 | 789,000 | BM8H4Y8 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $753,301.82 | 751,000 | BPG27W5 |
| 0.43% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $747,055.76 | 780,000 | BM8K6S5 |
| 0.43% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $746,641.27 | 897,000 | BNHS096 |
| 0.42% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $729,289.76 | 709,000 | BLDCK76 |
| 0.42% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $728,953.50 | 750,000 | BT9NKJ1 |
| 0.41% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $721,931.96 | 759,000 | BMY8TS4 |
| 0.41% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $720,819.03 | 834,000 | BKVH9C4 |
| 0.41% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $716,276.92 | 748,000 | BQ1PCD2 |
| 0.41% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $711,475.00 | 745,000 | BNBTNV8 |
| 0.41% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $709,071.53 | 721,000 | BMC7DR0 |
| 0.40% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $701,384.85 | 750,000 | BMXC0P1 |
| 0.40% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $700,740.48 | 769,000 | BNDLGZ7 |
| 0.40% | -- | MEDLINE BORROWER LP | 3.88% | 04/01/2029 | -- | $699,125.46 | 746,000 | BMW4P42 |
| 0.40% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $692,025.99 | 729,000 | BMFBJS2 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $687,297.93 | 693,000 | BMG68Y5 |
| 0.39% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $684,664.51 | 684,000 | BTXQV60 |
| 0.38% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $671,886.51 | 646,000 | BLC8Z03 |
| 0.38% | -- | CELANESE US HOLDINGS LLC CALLABLE NOTES FIXED 6.75% 15/APR/2033 USD 1000 | -- | -- | -- | $670,916.32 | 690,000 | -- |
| 0.38% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $658,354.80 | 714,000 | BMH29D8 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $656,205.65 | 711,000 | BLC9L19 |
| 0.37% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $652,716.20 | 628,000 | BLDCTF7 |
| 0.37% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $650,088.81 | 655,000 | BP946X2 |
| 0.37% | -- | CELANESE US HOLDINGS LLC CALLABLE NOTES FIXED 6.415% 15/JUL/2027 USD 1000 | -- | -- | -- | $646,417.04 | 636,000 | -- |
| 0.37% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $640,237.48 | 635,000 | BRZWYJ6 |
| 0.36% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $637,210.34 | 679,000 | BNHT925 |
| 0.36% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $625,719.28 | 646,000 | BMVVY70 |
| 0.36% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $624,748.18 | 624,000 | BS7XRZ1 |
| 0.36% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $623,459.46 | 586,000 | BR1H7L8 |
| 0.36% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $622,932.94 | 573,000 | BR1H4Z1 |
| 0.36% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $621,549.13 | 614,000 | BMYMZT9 |
| 0.35% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $619,965.67 | 610,000 | BQB88K0 |
| 0.35% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $615,967.65 | 649,000 | BTCK903 |
| 0.35% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $613,642.03 | 608,000 | BMCGQ56 |
| 0.35% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $608,825.78 | 606,000 | BP091F3 |
| 0.35% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $608,616.98 | 665,000 | BPVBYZ9 |
| 0.35% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $608,578.30 | 550,000 | BR1YST4 |
| 0.34% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $591,951.82 | 918,000 | BM93J39 |
| 0.34% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $590,063.60 | 581,000 | BPX27Q2 |
| 0.33% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $582,538.89 | 622,000 | BMW5D63 |
| 0.33% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $580,268.90 | 563,000 | BQKRVC1 |
| 0.33% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $577,762.60 | 569,000 | BMCGQM3 |
| 0.33% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $577,517.72 | 566,000 | BP092P0 |
| 0.33% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $575,738.42 | 542,000 | BQFHT88 |
| 0.33% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $575,622.52 | 655,000 | BKPJT48 |
| 0.33% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $572,948.73 | 653,000 | BPGM651 |
| 0.33% | -- | TULLOW OIL PLC | 10.25% | 05/15/2026 | -- | $569,882.03 | 625,000 | BKPGFV8 |
| 0.32% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $565,342.47 | 556,000 | BNRPV83 |
| 0.32% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $564,297.74 | 614,000 | BMTN6F0 |
| 0.32% | -- | LIVE NATION ENTERTAINMEN | 6.50% | 05/15/2027 | -- | $562,748.24 | 557,000 | BMFKW46 |
| 0.32% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $559,905.92 | 640,000 | BMFBJQ0 |
| 0.32% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $557,682.04 | 642,000 | BPLFC68 |
| 0.32% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $555,213.46 | 536,000 | BRC2671 |
| 0.32% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $551,582.89 | 558,000 | BQ9D885 |
| 0.31% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $549,344.63 | 630,000 | BP7LR98 |
| 0.31% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $544,354.35 | 521,000 | BS88506 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $537,765.27 | 563,000 | BS3BCF4 |
| 0.31% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $537,677.48 | 542,000 | BSHT8Y5 |
| 0.30% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $527,139.88 | 542,000 | BMXHJH1 |
| 0.30% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $525,671.81 | 502,000 | BPBRSM2 |
| 0.30% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $525,160.90 | 550,000 | BN0ZRZ9 |
| 0.30% | -- | SUNOCO LP CALLABLE NOTES FIXED 6.25% 01/JUL/2033 USD 1000 | -- | -- | -- | $521,534.03 | 521,000 | -- |
| 0.30% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $521,003.79 | 529,000 | BR2NN28 |
| 0.30% | -- | RADIATE HOLDCO / FINANCE | 6.50% | 09/15/2028 | -- | $520,656.28 | 784,000 | BM9TR00 |
| 0.30% | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $519,998.10 | 500,000 | BS7Y6M4 |
| 0.30% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $518,985.90 | 1,134,000 | BMW7N92 |
| 0.30% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $517,762.03 | 529,000 | BMW2W01 |
| 0.30% | -- | COMMSCOPE LLC CALLABLE NOTES FIXED 9.5% 15/DEC/2031 USD 1000 | -- | -- | -- | $517,320.19 | 503,000 | -- |
| 0.30% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $516,942.00 | 500,000 | BRT7527 |
| 0.30% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $516,889.84 | 523,000 | BMCMQL0 |
| 0.29% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $515,634.18 | 520,000 | BMC94W8 |
| 0.29% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $514,860.53 | 507,000 | BQ3QRD8 |
| 0.29% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $512,265.13 | 513,000 | BQ68CL4 |
| 0.29% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $510,781.82 | 500,000 | BMVXP51 |
| 0.29% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $501,513.05 | 532,000 | BM9PWX6 |
| 0.29% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $501,088.01 | 519,000 | BL54J73 |
| 0.29% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $499,919.00 | 539,000 | BKPMPR2 |
| 0.28% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $498,279.80 | 500,000 | BV0YZ47 |
| 0.28% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $498,252.42 | 450,000 | BR1YSV6 |
| 0.28% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $497,308.60 | 489,000 | BT3CPW2 |
| 0.28% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $491,664.88 | 560,000 | BMG3813 |
| 0.28% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $489,260.54 | 572,000 | BNQPRV9 |
| 0.28% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $489,184.59 | 495,000 | BN6MM59 |
| 0.28% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $489,133.31 | 492,000 | BSNZ6B0 |
| 0.28% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $488,019.42 | 919,000 | BN6JYJ8 |
| 0.28% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $485,595.10 | 485,000 | BP092B6 |
| 0.28% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $482,138.53 | 481,000 | BPK4CP5 |
| 0.27% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $480,231.10 | 500,000 | BRXZ215 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $473,518.90 | 489,000 | BR4ZG56 |
| 0.27% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $472,666.83 | 521,000 | BN6KWY2 |
| 0.26% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $461,328.75 | 450,000 | BP5JP78 |
| 0.26% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $457,653.15 | 450,000 | BR53N25 |
| 0.26% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $457,032.34 | 465,000 | BMD14K1 |
| 0.26% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $456,577.86 | 441,000 | BPLL6H5 |
| 0.26% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $456,218.90 | 445,000 | BRBCTZ1 |
| 0.26% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $449,905.18 | 446,000 | BMZBL86 |
| 0.25% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $444,987.90 | 420,000 | BMGC188 |
| 0.25% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $441,977.55 | 471,000 | BNM5Z19 |
| 0.25% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $441,715.12 | 440,000 | BS9C5X0 |
| 0.25% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $441,200.89 | 426,000 | BMZMHS1 |
| 0.25% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $439,374.61 | 457,000 | BP815Z9 |
| 0.25% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $437,025.12 | 457,000 | BT7JWZ1 |
| 0.25% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $434,234.50 | 442,000 | BRK14M1 |
| 0.25% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $433,401.31 | 436,000 | BN95KZ1 |
| 0.24% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $427,771.89 | 455,000 | BMFNGQ5 |
| 0.24% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $427,017.15 | 419,000 | BM8SW92 |
| 0.24% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $423,741.33 | 399,000 | BMJ0LG7 |
| 0.24% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $422,503.98 | 443,000 | BMHBB51 |
| 0.24% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $421,649.30 | 451,000 | BSKP420 |
| 0.24% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $411,380.30 | 471,000 | BMBVFS8 |
| 0.23% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $395,654.51 | 422,000 | BP83D39 |
| 0.23% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $395,389.06 | 384,000 | BNRPLW7 |
| 0.23% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $393,964.01 | 452,000 | BP4Z8H8 |
| 0.22% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $392,436.32 | 431,000 | BRPT5J4 |
| 0.22% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $382,072.20 | 382,000 | BRBDSH9 |
| 0.22% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $379,280.51 | 394,000 | BMBV4H0 |
| 0.22% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $378,120.55 | 485,000 | BMH8323 |
| 0.22% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $377,444.54 | 382,000 | BRBVMG0 |
| 0.21% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $362,388.43 | 424,000 | BNKLFF3 |
| 0.20% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $353,350.86 | 356,000 | BQB7JV5 |
| 0.20% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $346,786.46 | 346,000 | BMXHQ92 |
| 0.20% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $342,170.20 | 384,000 | BNM51T9 |
| 0.18% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $313,180.26 | 322,000 | BMDXC58 |
| 0.18% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $306,221.56 | 301,000 | BMJ0L90 |
| 0.16% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $280,092.78 | 296,000 | BNTBJ41 |
| 0.16% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $272,550.00 | 276,000 | BMF4PS3 |
| 0.15% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $263,376.86 | 281,000 | BNW2059 |
| 0.14% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $251,491.52 | 280,000 | BMD9BZ9 |
| 0.14% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $245,314.49 | 285,000 | BM9SD09 |
| 0.13% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $219,425.37 | 232,000 | BMDB423 |
| 0.09% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $152,733.38 | 166,000 | BNKFMN2 |
| 0.08% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $133,702.91 | 155,000 | BM9NG16 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $133,151.93 | 148,000 | BN7S9F5 |
| 0.06% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $98,951.14 | 204,000 | BM9M1M9 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $85,607.24 | 97,000 | BLD7383 |
| 0.04% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $73,389.29 | 76,000 | BLCC408 |
| 0.03% | -- | MPT OPER PARTNERSP/FINL | 3.50% | 03/15/2031 | -- | $48,005.20 | 72,000 | BMF4PW7 |
| 0.02% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $26,923.14 | 27,000 | BP4YGK4 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $10,381.58 | 12,000 | BLDBLN6 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -10.93% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2025 TYM5 COMDTY | -- | -- | -19,114,594 | -- | -171 | -- |
| -31.05% | -- | US 2YR NOTE (CBT) BOND 30/JUN/2025 TUM5 COMDTY | -- | -- | -54,326,109 | -- | -262 | -- |
| -57.97% | -- | US 5YR NOTE (CBT) BOND 30/JUN/2025 FVM5 COMDTY | -- | -- | -101,418,281 | -- | -935 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,739,468.64 | 6,739,469 | -- |
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