HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 253 Nontraditional Bond funds based on risk-adjusted returns as of 07/31/25.
Why HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
View all Fund
detail sections
Why HYHG?
-
Provides the return potential of a diversified portfolio of high-yield corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Month-End Total Returns as of 6/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.99% | 3.00% | 1.80% | 1.80% | 8.21% | 11.49% | 8.30% | 4.82% | 4.01% | 05/21/2013 |
| HYHG NAV | 1.28% | 3.10% | 2.36% | 2.36% | 8.33% | 11.77% | 8.31% | 4.87% | 4.00% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.23% | 2.60% | 2.60% | 8.54% | 12.28% | 8.83% | 5.50% | 4.71% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 0.99% | 3.00% | 1.80% | 1.80% | 8.21% | 11.49% | 8.30% | 4.82% | 4.01% | 05/21/2013 |
| HYHG NAV | 1.28% | 3.10% | 2.36% | 2.36% | 8.33% | 11.77% | 8.31% | 4.87% | 4.00% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 1.26% | 3.23% | 2.60% | 2.60% | 8.54% | 12.28% | 8.83% | 5.50% | 4.71% | -- |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
About the Fund
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 6/30/2025- Number of Companies 226
- Net Effective Duration -0.13%
Price
as of 8/07/2025- NAV $64.32
- NAV Change $+0.09
- Market Price $64.50
- Market Price Change $-0.02
- Trading Volume (M) 7,327
- View Premium / Discount
Distributions
as of 5/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.11%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- Distribution Details
Snapshot
- Ticker HYHG
- Intraday Ticker HYHG.IV
- CUSIP 74348A541
- Inception Date 5/21/13
- Expense Ratio 0.50%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 6/30/2025- Number of Companies 226
- Net Effective Duration -0.13%
Price
as of 8/07/2025- NAV $64.32
- NAV Change $+0.09
- Market Price $64.50
- Market Price Change $-0.02
- Trading Volume (M) 7,327
- View Premium / Discount
Distributions
as of 5/31/2025- Distribution Frequency Monthly
- SEC 30-Day Yield 7.11%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 8/06/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.95% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $3,163,722.65 | 3,038,000 | BQB9NW0 |
| 1.32% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,134,278.95 | 2,167,000 | BMWDGR9 |
| 1.31% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,129,256.95 | 2,109,000 | BN2QTP4 |
| 1.20% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $1,951,689.48 | 2,172,000 | BMFNDV9 |
| 1.20% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $1,941,655.07 | 1,938,000 | BNNTB78 |
| 1.16% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,883,664.80 | 1,871,000 | BSMMD99 |
| 1.01% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,636,172.26 | 1,602,000 | BNM6H94 |
| 0.97% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,577,723.40 | 1,485,000 | BP6GPK1 |
| 0.94% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,521,360.31 | 1,458,000 | BQ67HZ0 |
| 0.89% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,442,793.60 | 1,440,000 | BM8H783 |
| 0.89% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,438,806.06 | 1,382,000 | BRK4301 |
| 0.89% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,436,925.00 | 1,380,000 | BNBTNV8 |
| 0.84% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,359,142.34 | 1,321,000 | BPH26F0 |
| 0.83% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $1,341,027.41 | 1,480,000 | BMFBJQ0 |
| 0.82% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,330,028.37 | 1,283,000 | BS2FMQ8 |
| 0.81% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,318,621.23 | 1,290,000 | BPLP3M1 |
| 0.80% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,303,298.56 | 1,280,000 | BS9G792 |
| 0.79% | IQV | IQVIA INC | 6.25% | 06/01/2032 | -- | $1,287,616.49 | 1,249,000 | BQMJ1N6 |
| 0.77% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,242,678.20 | 1,210,000 | BNZG7Q8 |
| 0.75% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $1,208,676.93 | 1,250,000 | BRXZ215 |
| 0.74% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,208,108.07 | 1,170,000 | BRJQLF9 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,184,389.28 | 1,223,000 | BMVXSB8 |
| 0.73% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $1,182,961.51 | 1,190,000 | BS6V604 |
| 0.73% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $1,181,353.32 | 1,306,000 | BKPJT48 |
| 0.73% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,179,868.25 | 1,134,000 | BTCCGD1 |
| 0.72% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $1,175,401.73 | 1,152,000 | BV0YZ47 |
| 0.70% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,140,472.30 | 1,100,000 | BRSF6F2 |
| 0.70% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,138,086.40 | 1,180,000 | BQKN5B6 |
| 0.70% | -- | HERC HOLDINGS INC | 7.25% | 06/15/2033 | -- | $1,137,149.32 | 1,096,000 | BV5GRT7 |
| 0.70% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,134,415.12 | 1,133,000 | BPVDS42 |
| 0.70% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,127,490.53 | 1,030,000 | BQ80PR5 |
| 0.69% | -- | ROCKET COS INC | 6.38% | 08/01/2033 | -- | $1,117,962.93 | 1,087,000 | BVDKGM7 |
| 0.68% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,096,986.60 | 1,145,000 | BMBJVY0 |
| 0.67% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $1,084,538.23 | 1,486,000 | BM93J39 |
| 0.64% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,036,564.54 | 1,006,000 | BS2FZM5 |
| 0.63% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,025,998.00 | 1,000,000 | BR4XVS8 |
| 0.63% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $1,023,435.08 | 1,128,000 | BMBVFS8 |
| 0.63% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,022,603.66 | 1,041,000 | BN7SNC0 |
| 0.63% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,017,587.69 | 1,026,000 | BN765Z1 |
| 0.62% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $1,006,518.43 | 976,000 | BRQPKY1 |
| 0.62% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,002,564.89 | 1,044,000 | BNW2059 |
| 0.61% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $993,162.10 | 971,000 | BMF9C65 |
| 0.61% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $990,865.85 | 1,060,000 | BS89C64 |
| 0.61% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $985,432.15 | 1,073,000 | BMX50K5 |
| 0.60% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $976,010.18 | 945,000 | BQ2KRF3 |
| 0.60% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $974,111.34 | 946,000 | BPH25H5 |
| 0.60% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $973,021.56 | 1,036,000 | BLFGYK7 |
| 0.59% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $949,340.70 | 921,000 | BT7HYL5 |
| 0.58% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $937,215.53 | 1,004,000 | BMT6QQ0 |
| 0.57% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $928,228.75 | 1,002,000 | BRBCV11 |
| 0.57% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $923,392.61 | 960,000 | BMDHSY1 |
| 0.56% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $915,557.65 | 989,000 | BNNPV76 |
| 0.56% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $906,524.04 | 937,000 | BRXCZB7 |
| 0.56% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $903,018.21 | 853,000 | BL6CM66 |
| 0.55% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $894,512.07 | 865,000 | BS84LN9 |
| 0.52% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $851,126.53 | 894,000 | BMV1LQ8 |
| 0.52% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $849,294.69 | 801,000 | BVK4MV3 |
| 0.52% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $847,614.69 | 844,000 | BPLPFQ9 |
| 0.52% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $843,163.65 | 803,000 | BRBH8M6 |
| 0.52% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $842,951.74 | 838,000 | BP812N6 |
| 0.52% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $840,671.41 | 826,000 | BNTZ4D7 |
| 0.52% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $839,643.97 | 815,000 | BMZBL86 |
| 0.51% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $834,443.06 | 835,000 | BVF9138 |
| 0.51% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $825,726.52 | 799,000 | BNDQTF3 |
| 0.50% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $804,320.63 | 782,000 | BM8K1F7 |
| 0.49% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $801,429.73 | 797,000 | BRT75V6 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $799,478.96 | 826,000 | BJNPGH3 |
| 0.49% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $788,498.76 | 936,000 | BMV1L02 |
| 0.48% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $786,613.87 | 847,000 | BNHS096 |
| 0.47% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $758,632.38 | 714,000 | BQFHT88 |
| 0.47% | -- | CARNIVAL CORP | 5.75% | 08/01/2032 | -- | $757,500.00 | 750,000 | BT7MYF4 |
| 0.47% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $756,582.75 | 750,000 | BT9NKJ1 |
| 0.47% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $756,534.87 | 738,000 | BNRPC80 |
| 0.46% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $745,125.43 | 737,000 | BPW9BQ2 |
| 0.46% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $742,365.47 | 748,000 | BQ1PCD2 |
| 0.46% | -- | COREWEAVE INC | 9.00% | 02/01/2031 | -- | $741,688.20 | 750,000 | BRT7X56 |
| 0.45% | LVLT | LEVEL 3 FINANCING INC | 6.88% | 06/30/2033 | -- | $737,257.35 | 738,000 | BV4K8M0 |
| 0.45% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $733,169.81 | 709,000 | BLDCK76 |
| 0.45% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $732,928.27 | 695,000 | BRBCTZ1 |
| 0.44% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $719,527.23 | 769,000 | BNDLGZ7 |
| 0.44% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $712,439.06 | 711,000 | BMBN777 |
| 0.44% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $711,468.23 | 675,000 | BMVXP62 |
| 0.44% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $707,223.53 | 729,000 | BMFBJS2 |
| 0.43% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $702,993.58 | 685,000 | BSNQ215 |
| 0.43% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $700,051.20 | 608,000 | BS2FMP7 |
| 0.43% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $696,319.41 | 684,000 | BTXQV60 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $693,448.83 | 701,000 | BPG27W5 |
| 0.42% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $683,921.45 | 671,000 | BQ3QRD8 |
| 0.42% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $676,628.15 | 646,000 | BLC8Z03 |
| 0.41% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $662,978.34 | 628,000 | BLDCTF7 |
| 0.41% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $659,535.77 | 659,000 | BV99DS3 |
| 0.40% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $656,572.89 | 679,000 | BNHT925 |
| 0.40% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $649,850.11 | 635,000 | BRZWYJ6 |
| 0.40% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 01/15/2034 | -- | $645,757.95 | 750,000 | BMVZMH8 |
| 0.40% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $643,042.18 | 649,000 | BTCK903 |
| 0.40% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $642,820.56 | 659,000 | BM8K6S5 |
| 0.40% | -- | UNIVISION COMMUNICATIONS | 9.38% | 08/01/2032 | -- | $642,436.03 | 618,000 | BV1C948 |
| 0.39% | -- | WARNERMEDIA HOLDINGS INC | 4.28% | 03/15/2032 | -- | $637,500.00 | 750,000 | BRJHSK6 |
| 0.39% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $631,508.46 | 573,000 | BR1H4Z1 |
| 0.39% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $626,997.77 | 711,000 | BM94BT2 |
| 0.39% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $625,291.19 | 653,000 | BLC9L19 |
| 0.39% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $624,912.11 | 614,000 | BMTN6F0 |
| 0.38% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $622,483.69 | 665,000 | BPVBYZ9 |
| 0.38% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $621,679.06 | 610,000 | BQB88K0 |
| 0.38% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $616,679.63 | 634,000 | BQXJKM7 |
| 0.38% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $608,619.80 | 609,000 | BPP2DX9 |
| 0.37% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $598,847.16 | 581,000 | BPX27Q2 |
| 0.37% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $597,593.74 | 569,000 | BMCGQM3 |
| 0.36% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $587,854.92 | 582,000 | BSVLRC8 |
| 0.36% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $585,965.43 | 609,000 | BMXC0P1 |
| 0.36% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $584,599.25 | 630,000 | BP7LR98 |
| 0.36% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $583,143.92 | 556,000 | BNRPV83 |
| 0.36% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $581,787.02 | 546,000 | BMGC188 |
| 0.35% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $572,626.54 | 546,000 | BT3NFD6 |
| 0.35% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $560,967.74 | 550,000 | BP946X2 |
| 0.34% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $558,327.62 | 536,000 | BRC2671 |
| 0.34% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $557,342.17 | 542,000 | BSHT8Y5 |
| 0.34% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $556,680.27 | 592,000 | BPLFC68 |
| 0.34% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $550,695.88 | 529,000 | BR2NN28 |
| 0.34% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $547,994.19 | 505,000 | BRCDDH3 |
| 0.33% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $536,330.19 | 550,000 | BN0ZRZ9 |
| 0.33% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $535,402.61 | 542,000 | BMXHJH1 |
| 0.33% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $529,632.45 | 521,000 | BTTRMX1 |
| 0.33% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $527,800.00 | 520,000 | BMC94W8 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $526,987.02 | 503,000 | BRRG7V9 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $525,566.45 | 513,000 | BQ68CL4 |
| 0.32% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $522,658.83 | 500,000 | BMVXP51 |
| 0.32% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $522,274.83 | 500,000 | BVK4BV6 |
| 0.32% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $520,879.00 | 500,000 | BNKBFF3 |
| 0.32% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $519,988.03 | 532,000 | BM9PWX6 |
| 0.32% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $515,800.51 | 500,000 | BMGDND0 |
| 0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $515,768.52 | 529,000 | BMW2W01 |
| 0.32% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $514,247.97 | 500,000 | BSNZ6B0 |
| 0.32% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $514,023.73 | 563,000 | BKVH9C4 |
| 0.32% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $511,476.77 | 500,000 | BPSQQR3 |
| 0.32% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $511,213.74 | 539,000 | BKPMPR2 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $509,180.41 | 563,000 | BS3BCF4 |
| 0.31% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $507,379.55 | 489,000 | BT3CPW2 |
| 0.31% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $504,591.36 | 560,000 | BMG3813 |
| 0.31% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $502,586.52 | 500,000 | BVK50T0 |
| 0.31% | -- | WARNERMEDIA HOLDINGS INC | 5.05% | 03/15/2042 | -- | $501,540.00 | 750,000 | BTPF2W8 |
| 0.31% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $498,288.99 | 488,000 | BP4YGK4 |
| 0.31% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $497,186.13 | 481,000 | BPK4CP5 |
| 0.31% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $496,540.09 | 485,000 | BP092B6 |
| 0.31% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $496,532.25 | 450,000 | BR1YSV6 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $492,255.64 | 495,000 | BN6MM59 |
| 0.30% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $489,881.65 | 461,000 | BNQQSS6 |
| 0.30% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $486,956.97 | 521,000 | BN6KWY2 |
| 0.30% | -- | SABRE GLBL INC | 11.13% | 07/15/2030 | -- | $485,956.48 | 464,000 | BS6RJF8 |
| 0.30% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $484,952.88 | 467,000 | BMCGQ56 |
| 0.30% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $484,788.13 | 464,000 | BQKRVC1 |
| 0.30% | -- | CLARIOS GLOBAL LP/US FIN | 6.75% | 02/15/2030 | -- | $479,961.60 | 464,000 | BTJS1V5 |
| 0.29% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $474,081.07 | 503,000 | BNHW2C5 |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $473,548.03 | 483,000 | BM8H4Y8 |
| 0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $473,403.71 | 492,000 | BMY8TS4 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $472,047.92 | 495,000 | BMH29D8 |
| 0.29% | -- | ALTICE FINANCING SA | 5.75% | 08/15/2029 | -- | $468,911.02 | 613,000 | BMWT6D3 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $467,941.50 | 450,000 | BR53N25 |
| 0.29% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $466,238.25 | 450,000 | BP5JP78 |
| 0.29% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $465,132.53 | 465,000 | BMD14K1 |
| 0.29% | -- | IRON MOUNTAIN INC | 6.25% | 01/15/2033 | -- | $464,403.49 | 455,000 | BQ2KRD1 |
| 0.29% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $463,879.52 | 441,000 | BPLL6H5 |
| 0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $458,788.29 | 471,000 | BNM5Z19 |
| 0.28% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $458,105.81 | 456,000 | BQB7JV5 |
| 0.28% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $457,165.02 | 442,000 | BRK14M1 |
| 0.28% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $455,910.00 | 1,169,000 | BQWNRK7 |
| 0.28% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $454,725.54 | 426,000 | BMZMHS1 |
| 0.28% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $454,188.97 | 462,000 | BNBTL14 |
| 0.28% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $454,176.36 | 440,000 | BS9C5X0 |
| 0.27% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $444,959.88 | 457,000 | BT7JWZ1 |
| 0.27% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $443,610.07 | 455,000 | BMFNGQ5 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $439,176.70 | 436,000 | BN95KZ1 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $437,111.02 | 446,000 | BQ9D885 |
| 0.27% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $430,568.98 | 443,000 | BMHBB51 |
| 0.27% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $429,950.83 | 399,000 | BMJ0LG7 |
| 0.26% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $428,526.10 | 427,000 | BL54J73 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $428,406.13 | 419,000 | BM8SW92 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $426,282.65 | 452,000 | BP4Z8H8 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $411,710.55 | 431,000 | BRPT5J4 |
| 0.25% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $409,331.95 | 653,000 | BPGM651 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $407,538.04 | 383,000 | BPBRSM2 |
| 0.25% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $407,058.33 | 422,000 | BP83D39 |
| 0.25% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $403,199.71 | 425,000 | BMG1HP4 |
| 0.25% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $403,189.79 | 384,000 | BNRPLW7 |
| 0.25% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $402,368.73 | 621,000 | BN6JYJ8 |
| 0.25% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $401,421.92 | 383,000 | BP092P0 |
| 0.25% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $397,567.96 | 416,000 | BNKFMN2 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $391,513.33 | 382,000 | BRBDSH9 |
| 0.24% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $391,290.62 | 382,000 | BRBVMG0 |
| 0.24% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $391,060.72 | 394,000 | BMBV4H0 |
| 0.24% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $386,402.04 | 376,000 | BRT7527 |
| 0.24% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $386,190.52 | 424,000 | BNKLFF3 |
| 0.24% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $385,122.46 | 451,000 | BSKP420 |
| 0.23% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $376,065.78 | 359,000 | BPG22V9 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $375,268.75 | 485,000 | BMH8323 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $363,829.84 | 378,000 | BR4ZG56 |
| 0.22% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $363,141.43 | 354,000 | BM9YJB0 |
| 0.22% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $360,795.13 | 389,000 | BMDB423 |
| 0.22% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $360,511.41 | 500,000 | BNQPRV9 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $358,118.42 | 349,000 | BS7XRZ1 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $355,152.95 | 337,000 | BMCMQL0 |
| 0.22% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $352,342.26 | 384,000 | BNM51T9 |
| 0.21% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $338,982.16 | 359,000 | BMT7QC9 |
| 0.21% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $335,883.32 | 332,000 | BTTRLD4 |
| 0.20% | -- | ROCKET COS INC | 6.13% | 08/01/2030 | -- | $328,129.41 | 321,000 | BVDKGL6 |
| 0.20% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $322,052.16 | 322,000 | BMDXC58 |
| 0.20% | -- | CSC HOLDINGS LLC | 4.50% | 11/15/2031 | -- | $316,507.52 | 481,000 | BMY0HH5 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $314,188.62 | 301,000 | BMJ0L90 |
| 0.18% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $289,423.43 | 296,000 | BNTBJ41 |
| 0.17% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $274,741.17 | 274,000 | BMW5D63 |
| 0.16% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $258,633.00 | 648,000 | BP0X973 |
| 0.16% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $253,449.39 | 285,000 | BM9SD09 |
| 0.15% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $250,577.05 | 247,000 | BMXHQ92 |
| 0.14% | -- | CACI INTERNATIONAL INC | 6.38% | 06/15/2033 | -- | $234,522.17 | 228,000 | BVF9246 |
| 0.13% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $211,171.51 | 209,000 | BP091F3 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $136,498.77 | 148,000 | BN7S9F5 |
| 0.08% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $123,803.05 | 133,000 | BMD9BZ9 |
| 0.06% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $89,250.21 | 97,000 | BLD7383 |
| 0.04% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $70,751.17 | 74,000 | BM9NG16 |
| 0.04% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $65,720.51 | 96,000 | BP9LWV3 |
| 0.02% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $36,905.40 | 35,000 | BR1H7L8 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $11,118.34 | 12,000 | BLDBLN6 |
| -- | -- | CELANESE US HOLDINGS LLC | 6.67% | 07/15/2027 | -- | $2,048.44 | 2,000 | BP9RBF8 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -11.00% | -- | US 10YR NOTE (CBT) BOND 19/SEP/2025 TYU5 COMDTY | -- | -- | -17,845,266 | -- | -159 | -- |
| -38.84% | -- | US 2YR NOTE (CBT) BOND 30/SEP/2025 TUU5 COMDTY | -- | -- | -62,997,961 | -- | -303 | -- |
| -49.28% | -- | US 5YR NOTE (CBT) BOND 30/SEP/2025 FVU5 COMDTY | -- | -- | -79,937,086 | -- | -733 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $6,646,622.89 | 6,646,623 | -- |
Index
as of 3/31/2025
- Total Number of Issues246
- Long Portfolio Duration3.21
- Net Effective Duration-0.05
- Long Portfolio Yield7.40
- Net Index Yield8.05
About the Index
The FTSE High Yield Treasury Rate Hedged Index is designed to measure the performance of high yield debt of U.S. and Canadian companies. The Index measures the performance of two positions: (1) a long position in high-yield corporate bonds; and (2) a duration matched short position in U.S. Treasury bonds.
Distributions
For
2025
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
Rising Rates Insights and Research
The Current Case for a Rate Hedged Bond Strategy
Even a minor rise in interest rates drags on corporate bond returns. Interest rate hedged strategies target zero rate risk while maintaining return potential.
Read More