HYHG invests in a portfolio of high-yield corporate bonds, while seeking to hedge against the potential negative impact of rising interest rates.
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Documents & Downloads
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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 9/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.90% | 2.08% | 5.24% | 4.48% | 7.58% | 11.06% | 7.79% | 5.99% | 4.09% | 05/21/2013 |
| HYHG Market Price | 1.01% | 2.31% | 5.37% | 4.15% | 7.69% | 11.19% | 7.92% | 6.03% | 4.12% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.01% | 2.32% | 5.63% | 4.98% | 8.07% | 11.54% | 8.25% | 6.65% | 4.80% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG NAV | 0.90% | 2.08% | 5.24% | 4.48% | 7.58% | 11.06% | 7.79% | 5.99% | 4.09% | 05/21/2013 |
| HYHG Market Price | 1.01% | 2.31% | 5.37% | 4.15% | 7.69% | 11.19% | 7.92% | 6.03% | 4.12% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.01% | 2.32% | 5.63% | 4.98% | 8.07% | 11.54% | 8.25% | 6.65% | 4.80% | -- |
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 9/30/2025- Number of Companies 222
- Net Effective Duration -0.07
Price
as of 10/31/2025- NAV $64.67
- NAV Change $-0.08
- Market Price $65.08
- Market Price Change $+0.43
- Trading Volume (M) 41,015
- 30-Day Median Bid Ask Spread 0.40%
- View Premium / Discount
Distributions
as of 9/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.38%
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 9/30/2025- Number of Companies 222
- Net Effective Duration -0.07
Price
as of 10/31/2025- NAV $64.67
- NAV Change $-0.08
- Market Price $65.08
- Market Price Change $+0.43
- Trading Volume (M) 41,015
- 30-Day Median Bid Ask Spread 0.40%
- View Premium / Discount
Distributions
as of 9/30/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 6.38%
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 10/31/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.46% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $2,473,426.26 | 2,385,000 | BPH26F0 |
| 1.28% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,158,793.40 | 2,167,000 | BMWDGR9 |
| 1.26% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,126,038.61 | 2,109,000 | BN2QTP4 |
| 1.19% | -- | ECHOSTAR CORP | 10.75% | 11/30/2029 | -- | $2,007,886.05 | 1,824,000 | BR54DP1 |
| 1.16% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $1,952,007.03 | 1,906,000 | BV4K8M0 |
| 1.07% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $1,809,551.04 | 1,760,000 | BT7MYF4 |
| 0.98% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $1,658,440.18 | 2,066,000 | BTPF2W8 |
| 0.97% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,645,545.56 | 1,602,000 | BNM6H94 |
| 0.92% | -- | CHS/COMMUNITY HEALTH SYS | 10.88% | 01/15/2032 | -- | $1,557,644.73 | 1,445,000 | BP2F579 |
| 0.89% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,511,042.04 | 1,458,000 | BQ67HZ0 |
| 0.89% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,500,116.41 | 1,434,000 | BS9G792 |
| 0.87% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,465,400.64 | 1,385,000 | BP6GPK1 |
| 0.86% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,452,862.08 | 1,440,000 | BM8H783 |
| 0.86% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,446,571.20 | 1,380,000 | BNBTNV8 |
| 0.84% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,418,922.89 | 1,382,000 | BRK4301 |
| 0.79% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,326,190.95 | 1,290,000 | BPLP3M1 |
| 0.79% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,325,986.92 | 1,283,000 | BS2FMQ8 |
| 0.76% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $1,284,483.10 | 1,220,000 | BQB9NW0 |
| 0.74% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,255,322.97 | 1,210,000 | BNZG7Q8 |
| 0.74% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,247,447.88 | 1,250,000 | BRXZ215 |
| 0.72% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $1,211,806.85 | 1,179,000 | BSHT8Y5 |
| 0.72% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,210,278.42 | 1,170,000 | BRJQLF9 |
| 0.71% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $1,204,319.34 | 1,134,000 | BL6CM66 |
| 0.71% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,198,034.87 | 1,347,000 | BMBVFS8 |
| 0.71% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,196,785.73 | 1,223,000 | BMVXSB8 |
| 0.70% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,187,781.08 | 1,134,000 | BTCCGD1 |
| 0.69% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,165,250.00 | 1,180,000 | BQKN5B6 |
| 0.69% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $1,163,173.70 | 1,138,000 | BM8K6S5 |
| 0.68% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,155,500.74 | 1,096,000 | BV5GRT7 |
| 0.67% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,134,494.33 | 1,133,000 | BPVDS42 |
| 0.67% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,132,314.86 | 1,087,000 | BVDKGM7 |
| 0.66% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,122,416.57 | 1,100,000 | BRSF6F2 |
| 0.66% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,112,049.88 | 1,145,000 | BMBJVY0 |
| 0.66% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,108,173.91 | 1,030,000 | BQ80PR5 |
| 0.64% | -- | MILLROSE PROPERTIES INC | 6.38% | 08/01/2030 | -- | $1,086,739.77 | 1,073,000 | BV6KVR4 |
| 0.62% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $1,052,391.25 | 1,032,000 | BV99DS3 |
| 0.62% | -- | JANE STREET GROUP / JSG FINANCE INC CALLABLE BOND FIXED 6.75% 01/MAY/2033 USD 1000 | -- | -- | -- | $1,045,243.02 | 1,000,000 | -- |
| 0.62% | -- | WULF COMPUTE LLC CALLABLE NOTES FIXED 7.75% 15/OCT/2030 USD 1000 | -- | -- | -- | $1,040,229.27 | 1,000,000 | -- |
| 0.61% | -- | TALEN ENERGY SUPPLY LLC CALLABLE NOTES FIXED 6.5% 01/FEB/2036 USD 1000 | -- | -- | -- | $1,036,391.07 | 1,000,000 | -- |
| 0.61% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,035,523.08 | 1,006,000 | BS2FZM5 |
| 0.61% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $1,033,417.10 | 976,000 | BRQPKY1 |
| 0.61% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $1,027,618.05 | 1,018,000 | BVF9138 |
| 0.61% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $1,023,736.65 | 989,000 | BT7HYL5 |
| 0.60% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,018,936.32 | 1,041,000 | BN7SNC0 |
| 0.60% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,018,763.28 | 1,044,000 | BNW2059 |
| 0.60% | -- | NRG 5 3/4 01/15/34 | -- | -- | -- | $1,007,919.08 | 1,000,000 | -- |
| 0.59% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,001,143.85 | 999,000 | BSMMD99 |
| 0.59% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $992,894.49 | 945,000 | BQ2KRF3 |
| 0.58% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $984,097.36 | 976,000 | BNTZ4D7 |
| 0.58% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $976,601.37 | 937,000 | BQMJ1N6 |
| 0.56% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $951,659.06 | 1,039,000 | BRJHSK6 |
| 0.55% | -- | DAVITA INC | 6.75% | 07/15/2033 | -- | $924,725.70 | 892,000 | BS6S7M4 |
| 0.55% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $923,739.77 | 897,000 | BRT75V6 |
| 0.54% | -- | STANDARD BUILDING SOLUTI | 6.25% | 08/01/2033 | -- | $903,619.88 | 886,000 | BQT2NG5 |
| 0.53% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $891,262.72 | 852,000 | BPG22V9 |
| 0.51% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $859,572.54 | 842,000 | BTTRMX1 |
| 0.50% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $846,847.54 | 821,000 | BVDKGL6 |
| 0.50% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $841,495.49 | 868,000 | BQ9D885 |
| 0.50% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $840,273.97 | 815,000 | BMZBL86 |
| 0.50% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $839,753.18 | 801,000 | BVK4MV3 |
| 0.49% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $831,129.42 | 847,000 | BNHS096 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $827,564.25 | 799,000 | BNDQTF3 |
| 0.49% | -- | ALTICE FRANCE SA CALLABLE NOTES FIXED 6.5% 15/MAR/2032 USD 1 | -- | -- | -- | $822,544.13 | 859,000 | -- |
| 0.48% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $814,731.54 | 826,000 | BJNPGH3 |
| 0.48% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $813,755.13 | 889,000 | BNNPV76 |
| 0.48% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $812,748.87 | 827,000 | BRXCZB7 |
| 0.48% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $805,005.66 | 782,000 | BM8K1F7 |
| 0.47% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $791,318.76 | 1,002,000 | BRBCV11 |
| 0.46% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $783,663.34 | 761,000 | BR4XVS8 |
| 0.45% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $766,551.00 | 750,000 | BT9NKJ1 |
| 0.45% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $755,874.27 | 900,000 | BMVZMH8 |
| 0.44% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $750,671.75 | 737,000 | BPW9BQ2 |
| 0.44% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $749,776.61 | 750,000 | BRT7X56 |
| 0.44% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $745,948.71 | 748,000 | BQ1PCD2 |
| 0.44% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $739,627.78 | 777,000 | BMV1LQ8 |
| 0.43% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $730,789.39 | 769,000 | BNDLGZ7 |
| 0.43% | -- | ADT SECURITY CORP/THE CALLABLE BOND FIXED 5.875% 15/OCT/2033 USD 1000 | -- | -- | -- | $726,721.37 | 717,000 | -- |
| 0.43% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $726,712.85 | 695,000 | BRBCTZ1 |
| 0.43% | -- | PETSMART LLC/PETSMART FI | 7.50% | 09/15/2032 | -- | $721,129.92 | 724,000 | BNRNCC8 |
| 0.42% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $717,451.88 | 685,000 | BSNQ215 |
| 0.42% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $716,850.31 | 701,000 | BPG27W5 |
| 0.42% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $716,281.65 | 675,000 | BNQQSS6 |
| 0.42% | -- | WEATHERFORD INTERNATIONAL LTD CALLABLE NOTES FIXED 6.75% 15/OCT/2033 USD 1000 | -- | -- | -- | $708,521.12 | 694,000 | -- |
| 0.42% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $706,277.84 | 682,000 | BMF9C65 |
| 0.42% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $704,190.38 | 675,000 | BMVXP62 |
| 0.41% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $699,480.97 | 684,000 | BTXQV60 |
| 0.41% | -- | QNITY ELECTRONICS INC | 5.75% | 08/15/2032 | -- | $698,104.47 | 686,000 | BVMDN60 |
| 0.41% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $685,681.17 | 677,000 | BP812N6 |
| 0.40% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $682,773.96 | 649,000 | BTCK903 |
| 0.40% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $675,740.93 | 657,000 | BQXJKM7 |
| 0.40% | -- | ZF NA CAPITAL | 7.50% | 03/24/2031 | -- | $675,615.89 | 702,000 | BQTWXH6 |
| 0.40% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $674,885.59 | 692,000 | BS89C64 |
| 0.40% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $673,720.65 | 646,000 | BLC8Z03 |
| 0.40% | -- | OLYMPUS WATER US HOLDING CORP CALLABLE NOTES FIXED 7.25% 15/FEB/2033 USD 1000 | -- | -- | -- | $672,555.20 | 675,000 | -- |
| 0.40% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $672,447.35 | 671,000 | BQ3QRD8 |
| 0.40% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $669,843.72 | 641,000 | BS9C5X0 |
| 0.39% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $666,006.24 | 618,000 | BS88506 |
| 0.39% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $662,209.69 | 679,000 | BNHT925 |
| 0.39% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $661,295.30 | 628,000 | BLDCTF7 |
| 0.39% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $652,065.40 | 618,000 | BV1C948 |
| 0.38% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $646,163.18 | 711,000 | BM94BT2 |
| 0.37% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $632,451.79 | 653,000 | BLC9L19 |
| 0.37% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $628,606.21 | 665,000 | BPVBYZ9 |
| 0.37% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $624,860.82 | 610,000 | BQB88K0 |
| 0.37% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $617,424.58 | 627,000 | BS6V604 |
| 0.36% | -- | VIKING CRUISES LTD CALLABLE NOTES FIXED 5.875% 15/OCT/2033 USD 1000 | -- | -- | -- | $614,118.32 | 605,000 | -- |
| 0.36% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $613,375.00 | 701,000 | BN6JYJ8 |
| 0.36% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $610,783.76 | 609,000 | BPP2DX9 |
| 0.36% | -- | NRG 6 01/15/36 | -- | -- | -- | $601,666.00 | 591,000 | -- |
| 0.35% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $597,851.88 | 581,000 | BPX27Q2 |
| 0.35% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $592,667.56 | 569,000 | BMCGQM3 |
| 0.35% | -- | MAUSER PACKAGING SOLUT | 9.25% | 04/15/2027 | -- | $590,548.56 | 598,000 | BNHV2Z5 |
| 0.35% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $588,313.17 | 767,000 | BMV1L02 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $583,800.00 | 556,000 | BNRPV83 |
| 0.35% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $583,062.42 | 630,000 | BP7LR98 |
| 0.34% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $579,090.26 | 527,000 | BR1YST4 |
| 0.34% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $578,357.05 | 546,000 | BT3NFD6 |
| 0.34% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $575,912.06 | 546,000 | BMGC188 |
| 0.34% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $570,177.97 | 576,000 | BS84LN9 |
| 0.33% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $565,298.78 | 550,000 | BVK4BV6 |
| 0.33% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $560,499.50 | 550,000 | BP946X2 |
| 0.33% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $560,114.40 | 556,000 | BQB7JV5 |
| 0.33% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $559,371.74 | 536,000 | BRC2671 |
| 0.33% | -- | IRON MOUNTAIN INC | 7.00% | 02/15/2029 | -- | $555,227.67 | 539,000 | BLB3TG3 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $550,491.15 | 529,000 | BR2NN28 |
| 0.33% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $549,548.69 | 592,000 | BPLFC68 |
| 0.32% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $545,381.32 | 505,000 | BRCDDH3 |
| 0.32% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $544,257.00 | 525,000 | BTJS1V5 |
| 0.32% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $543,234.71 | 519,000 | BNRPLW7 |
| 0.32% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $541,824.56 | 563,000 | BS3BCF4 |
| 0.32% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $533,166.40 | 520,000 | BMC94W8 |
| 0.32% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $532,980.00 | 564,000 | BS6RJF8 |
| 0.31% | -- | NISSAN MOTOR ACCEPTANCE CO LLC CALLABLE MEDIUM TERM NOTE FIXED 6.125% 30/SEP/2030 USD 1000 | -- | -- | -- | $530,654.24 | 536,000 | -- |
| 0.31% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $524,163.46 | 529,000 | BMW2W01 |
| 0.31% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $522,978.50 | 500,000 | BNKBFF3 |
| 0.31% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $522,919.50 | 500,000 | BMVXP51 |
| 0.31% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $522,649.42 | 506,000 | BM8SW92 |
| 0.31% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $522,378.67 | 513,000 | BQ68CL4 |
| 0.31% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $521,484.10 | 473,000 | BR1H4Z1 |
| 0.31% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $521,302.91 | 532,000 | BM9PWX6 |
| 0.31% | -- | CELANESE US HOLDINGS LLC | 6.67% | 07/15/2027 | -- | $519,381.68 | 506,000 | BP9RBF8 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $516,019.00 | 500,000 | BMGDND0 |
| 0.30% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $513,945.33 | 500,000 | BPSQQR3 |
| 0.30% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 09/15/2032 | -- | $511,758.60 | 500,000 | BVZMLG0 |
| 0.30% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $511,679.27 | 503,000 | BRRG7V9 |
| 0.30% | -- | AMERICAN AXLE & MANUFACTURING INC CALLABLE NOTES FIXED 7.75% 15/OCT/2033 USD 1000 | -- | -- | -- | $510,909.86 | 511,000 | -- |
| 0.30% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $509,979.00 | 500,000 | BVK50T0 |
| 0.30% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $507,993.32 | 527,000 | BT7JWZ1 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $505,833.83 | 489,000 | BT3CPW2 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $503,476.38 | 495,000 | BN6MM59 |
| 0.30% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $501,647.41 | 481,000 | BPK4CP5 |
| 0.30% | -- | LIGHT & WONDER INTL INC | 6.25% | 10/01/2033 | -- | $498,660.00 | 500,000 | BMW2F91 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $498,368.06 | 485,000 | BP092B6 |
| 0.29% | -- | SOLSTICE ADVANCED MATERI | 5.63% | 09/30/2033 | -- | $496,618.51 | 496,000 | BQT3JM6 |
| 0.29% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $496,106.48 | 542,000 | BLDBLN6 |
| 0.29% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $495,772.19 | 521,000 | BN6KWY2 |
| 0.29% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $492,889.95 | 450,000 | BR1YSV6 |
| 0.29% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $491,660.16 | 501,000 | BN0ZRZ9 |
| 0.29% | -- | ION PLATFORM FINANCE US INC CALLABLE NOTES FIXED 7.875% 30/SEP/2032 USD 1000 | -- | -- | -- | $487,892.54 | 500,000 | -- |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $484,415.54 | 464,000 | BQKRVC1 |
| 0.28% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $481,259.38 | 467,000 | BMCGQ56 |
| 0.28% | -- | GLOBAL MEDICAL RESPONSE | 7.38% | 10/01/2032 | -- | $480,272.36 | 459,000 | BMW2FL3 |
| 0.28% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $479,862.10 | 466,000 | BTTRLD4 |
| 0.28% | -- | INVERSION ESCROW ISSUER | 6.75% | 08/01/2032 | -- | $478,440.41 | 490,000 | BVRTP89 |
| 0.28% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $478,075.43 | 483,000 | BM8H4Y8 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $473,612.88 | 495,000 | BMH29D8 |
| 0.28% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $469,124.02 | 492,000 | BMY8TS4 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,979.30 | 450,000 | BR53N25 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $466,794.00 | 450,000 | BP5JP78 |
| 0.28% | -- | FTAI AVIATION INVESTORS | 5.50% | 05/01/2028 | -- | $465,345.96 | 465,000 | BMD14K1 |
| 0.28% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $465,327.14 | 455,000 | BQ2KRD1 |
| 0.27% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $458,598.15 | 471,000 | BNM5Z19 |
| 0.27% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $457,491.20 | 426,000 | BMZMHS1 |
| 0.27% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $449,628.48 | 442,000 | BRK14M1 |
| 0.27% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $449,088.19 | 495,807 | BMDB423 |
| 0.26% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $445,969.76 | 613,000 | BMWT6D3 |
| 0.26% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $444,349.84 | 441,000 | BPLL6H5 |
| 0.26% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $440,824.34 | 436,000 | BN95KZ1 |
| 0.26% | -- | WINDSTREAM SERVICES LLC CALLABLE NOTES FIXED 7.5% 15/OCT/2033 USD 1000 | -- | -- | -- | $440,051.85 | 441,000 | -- |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $438,078.98 | 443,000 | BMHBB51 |
| 0.26% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $437,270.94 | 459,000 | BMT7QC9 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $436,419.83 | 452,000 | BP4Z8H8 |
| 0.26% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $435,578.18 | 473,000 | BKPJT48 |
| 0.26% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $434,928.04 | 442,000 | BMXHJH1 |
| 0.25% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $428,678.88 | 451,000 | BSKP420 |
| 0.25% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $427,166.96 | 427,000 | BL54J73 |
| 0.25% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $425,509.56 | 420,000 | BSVLRC8 |
| 0.25% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $423,025.12 | 412,000 | BP4YGK4 |
| 0.25% | -- | FRONTIER COMMUNICATIONS | 5.00% | 05/01/2028 | -- | $421,385.53 | 422,000 | BMF4PS3 |
| 0.25% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $415,228.93 | 399,000 | BMJ0LG7 |
| 0.25% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $415,115.64 | 388,000 | BSNZ6B0 |
| 0.24% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $405,961.23 | 383,000 | BPBRSM2 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $405,621.51 | 416,000 | BNKFMN2 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $399,438.02 | 422,000 | BP83D39 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $397,648.98 | 383,000 | BP092P0 |
| 0.23% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $395,274.72 | 424,000 | BNKLFF3 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $393,530.29 | 382,000 | BRBVMG0 |
| 0.23% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $392,961.05 | 382,000 | BRBDSH9 |
| 0.23% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $388,512.81 | 376,000 | BRT7527 |
| 0.23% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $386,361.13 | 394,000 | BMBV4H0 |
| 0.23% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $383,227.04 | 431,000 | BRPT5J4 |
| 0.22% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $378,532.80 | 485,000 | BMH8323 |
| 0.21% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $360,517.00 | 349,000 | BS7XRZ1 |
| 0.21% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $355,305.22 | 385,000 | BMX50K5 |
| 0.21% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $355,047.84 | 354,000 | BM9YJB0 |
| 0.21% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $354,504.41 | 581,000 | BMY0HH5 |
| 0.21% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $353,292.85 | 347,000 | BMXHQ92 |
| 0.21% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $348,935.27 | 343,000 | BP091F3 |
| 0.20% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $340,061.59 | 491,000 | BM93J39 |
| 0.19% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $320,965.83 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $314,060.99 | 301,000 | BMJ0L90 |
| 0.18% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $305,907.24 | 500,000 | BNQPRV9 |
| 0.18% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $305,044.25 | 297,000 | BRZWYJ6 |
| 0.18% | -- | ICAHN ENTERPRISES/FIN | 10.00% | 11/15/2029 | -- | $301,107.90 | 300,000 | BTPH0K8 |
| 0.18% | -- | UWM HOLDINGS LLC | 6.25% | 03/15/2031 | -- | $299,460.30 | 300,000 | BVSYM93 |
| 0.17% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $292,143.21 | 296,000 | BNTBJ41 |
| 0.16% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $272,439.12 | 401,000 | BP9LWV3 |
| 0.16% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $265,769.67 | 258,000 | BV0YZ47 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $258,590.39 | 285,000 | BM9SD09 |
| 0.15% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $255,342.82 | 239,000 | BMCMQL0 |
| 0.14% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $237,056.16 | 228,000 | BVF9246 |
| 0.14% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $235,054.52 | 235,000 | BN765Z1 |
| 0.13% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $220,193.18 | 233,000 | BMD9BZ9 |
| 0.12% | -- | BLOCK INC | 5.63% | 08/15/2030 | -- | $194,897.09 | 192,000 | BVYL9V9 |
| 0.11% | -- | CHS/COMMUNITY HEALTH SYS | 9.75% | 01/15/2034 | -- | $193,895.82 | 183,000 | BPK4TG5 |
| 0.11% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $191,463.04 | 184,000 | BPH25H5 |
| 0.07% | -- | HERC HOLDINGS INC | 7.00% | 06/15/2030 | -- | $115,133.15 | 110,000 | BV5GRS6 |
| 0.04% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $65,063.87 | 64,000 | BPLPFQ9 |
| 0.03% | -- | LEVEL 3 FINANCING INC | 7.00% | 03/31/2034 | -- | $51,367.95 | 50,000 | BV6KVQ3 |
| 0.02% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $41,185.92 | 169,000 | BQWNRK7 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -13.68% | -- | US 10YR NOTE (CBT) BOND 19/DEC/2025 TYZ5 COMDTY | -- | -- | -23,097,734 | -- | -205 | -- |
| -36.99% | -- | US 2YR NOTE (CBT) BOND 31/DEC/2025 TUZ5 COMDTY | -- | -- | -62,472,656 | -- | -300 | -- |
| -44.69% | -- | US 5YR NOTE (CBT) BOND 31/DEC/2025 FVZ5 COMDTY | -- | -- | -75,464,758 | -- | -691 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,357,153.98 | 7,357,154 | -- |
Index
as of 9/30/2025
- Total Number of Issues246
- Long Portfolio Duration3.25
- Net Effective Duration0.06
- Long Portfolio Yield7.28
- Net Index Yield7.56
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