HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 254 Nontraditional Bond funds based on risk-adjusted returns as of 05/31/25.
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 5/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | 2.76% | -1.78% | 1.49% | 0.80% | 7.06% | 8.71% | 7.95% | 4.57% | 3.95% | 05/21/2013 |
| HYHG NAV | 2.43% | 0.25% | 1.57% | 1.06% | 7.12% | 8.69% | 7.91% | 4.58% | 3.92% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | 2.55% | 0.41% | 1.78% | 1.33% | 7.75% | 9.20% | 8.43% | 5.20% | 4.63% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| HYHG Market Price | -3.70% | -1.16% | 2.20% | -1.16% | 7.22% | 7.41% | 9.15% | 4.51% | 3.83% | 05/21/2013 |
| HYHG NAV | -1.52% | -0.72% | 2.22% | -0.72% | 6.95% | 7.38% | 8.91% | 4.56% | 3.82% | 05/21/2013 |
| FTSE High Yield (Treasury Rate-Hedged) Index | -1.52% | -0.61% | 2.31% | -0.61% | 7.11% | 7.80% | 9.33% | 5.19% | 4.53% | -- |
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 5/31/2025- Number of Companies 228
- Net Effective Duration -0.18%
Price
as of 6/23/2025- NAV $64.33
- NAV Change $-0.05
- Market Price $64.46
- Market Price Change $+0.10
- Trading Volume (M) 4,586
- 30-Day Median Bid Ask Spread 0.56%
- 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.
- 12-Month Distribution Rate 6.88%
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 end of the previous month.
- 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 5/31/2025- Number of Companies 228
- Net Effective Duration -0.18%
Price
as of 6/23/2025- NAV $64.33
- NAV Change $-0.05
- Market Price $64.46
- Market Price Change $+0.10
- Trading Volume (M) 4,586
- 30-Day Median Bid Ask Spread 0.56%
- 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.
- 12-Month Distribution Rate 6.88%
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 end of the previous month.
- Distribution Details
Exposures
Index as of 9/30/2022
Holdings
as of 6/23/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 2.13% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $3,567,480.00 | 3,836,000 | BMT7QC9 |
| 1.77% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $2,968,202.94 | 2,879,000 | BQB9NW0 |
| 1.47% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,452,107.51 | 2,661,000 | BN2R7D1 |
| 1.27% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,126,730.86 | 2,167,000 | BMWDGR9 |
| 1.26% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,115,942.83 | 2,109,000 | BN2QTP4 |
| 1.23% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $2,059,399.22 | 2,099,000 | BNNTB78 |
| 1.17% | -- | STANDARD INDUSTRI INC/NY | 4.38% | 07/15/2030 | -- | $1,954,871.21 | 2,076,000 | BMYXXP4 |
| 1.13% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,895,195.77 | 1,871,000 | BSMMD99 |
| 1.06% | -- | CARNIVAL CORP | 5.75% | 03/01/2027 | -- | $1,773,985.28 | 1,765,000 | BMHYR18 |
| 0.94% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,577,909.03 | 1,485,000 | BP6GPK1 |
| 0.91% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,521,315.90 | 1,458,000 | BQ67HZ0 |
| 0.89% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,482,911.63 | 1,452,000 | BNM6H94 |
| 0.88% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,467,840.00 | 1,529,000 | BNBTNV8 |
| 0.86% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,431,860.53 | 1,382,000 | BRK4301 |
| 0.86% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,431,527.33 | 1,440,000 | BM8H783 |
| 0.81% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,349,192.78 | 1,321,000 | BPH26F0 |
| 0.79% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,329,583.16 | 1,283,000 | BS2FMQ8 |
| 0.78% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,310,872.20 | 1,290,000 | BPLP3M1 |
| 0.78% | -- | DAVITA INC | 4.63% | 06/01/2030 | -- | $1,310,397.50 | 1,384,000 | BMW7NB4 |
| 0.77% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,281,259.76 | 1,240,000 | BS2FZM5 |
| 0.76% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,278,666.50 | 1,280,000 | BS9G792 |
| 0.76% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $1,265,219.87 | 1,243,000 | BQ2KRF3 |
| 0.74% | -- | BLOCK INC CALLABLE NOTES FIXED 6.5% 15/MAY/2032 USD 1000 | -- | -- | -- | $1,237,888.08 | 1,210,000 | -- |
| 0.73% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $1,216,666.05 | 1,159,000 | BPG22V9 |
| 0.72% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,204,739.64 | 1,170,000 | BRJQLF9 |
| 0.71% | -- | IRON MOUNTAIN INC | 5.25% | 07/15/2030 | -- | $1,187,199.97 | 1,211,000 | BL57W73 |
| 0.71% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $1,185,538.45 | 1,190,000 | BS6V604 |
| 0.71% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $1,181,858.08 | 1,245,000 | BMDHSY1 |
| 0.70% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,176,705.90 | 1,223,000 | BMVXSB8 |
| 0.70% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,175,046.94 | 1,162,000 | BNTY069 |
| 0.70% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,171,711.06 | 1,134,000 | BTCCGD1 |
| 0.69% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,152,371.51 | 1,201,000 | BQKN5B6 |
| 0.69% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,148,692.39 | 1,173,000 | BN7SNC0 |
| 0.68% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,145,500.40 | 1,100,000 | BRSF6F2 |
| 0.68% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,135,579.84 | 1,133,000 | BPVDS42 |
| 0.67% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $1,127,025.47 | 1,108,000 | BNTZ4D7 |
| 0.67% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,117,802.35 | 1,030,000 | BQ80PR5 |
| 0.66% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $1,104,027.65 | 1,085,000 | BPW9BQ2 |
| 0.65% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,089,680.13 | 1,145,000 | BMBJVY0 |
| 0.64% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $1,078,190.23 | 1,149,000 | BRBCV11 |
| 0.62% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,041,545.44 | 1,040,000 | BP812N6 |
| 0.62% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $1,037,072.36 | 1,023,000 | BSNQ215 |
| 0.61% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,023,257.00 | 1,000,000 | BR4XVS8 |
| 0.61% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $1,020,472.00 | 1,000,000 | BPH25H5 |
| 0.61% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,014,775.15 | 1,026,000 | BN765Z1 |
| 0.59% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $994,220.40 | 993,000 | BMBN777 |
| 0.59% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $979,513.83 | 971,000 | BMF9C65 |
| 0.58% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $978,283.65 | 1,060,000 | BS89C64 |
| 0.58% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $965,290.94 | 976,000 | BRQPKY1 |
| 0.58% | -- | ROCKETMTGE CO-ISSUER INC | 3.88% | 03/01/2031 | -- | $964,613.39 | 1,053,000 | BN7RYH9 |
| 0.58% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $963,018.36 | 1,036,000 | BLFGYK7 |
| 0.55% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $928,105.23 | 1,004,000 | BMT6QQ0 |
| 0.55% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $927,790.99 | 989,000 | BNNPV76 |
| 0.54% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $903,123.13 | 853,000 | BL6CM66 |
| 0.53% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $893,864.39 | 937,000 | BRXCZB7 |
| 0.52% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $873,407.80 | 865,000 | BS84LN9 |
| 0.51% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $852,504.35 | 916,000 | BQXJKM7 |
| 0.51% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $851,201.90 | 894,000 | BMV1LQ8 |
| 0.51% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $846,554.56 | 736,000 | BS2FMP7 |
| 0.51% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $845,376.26 | 850,000 | BPP2DX9 |
| 0.51% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $845,123.77 | 803,000 | BRBH8M6 |
| 0.50% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $844,400.06 | 844,000 | BPLPFQ9 |
| 0.50% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $839,624.41 | 815,000 | BMZBL86 |
| 0.50% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $838,742.52 | 770,000 | BRCDDH3 |
| 0.49% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $820,998.07 | 799,000 | BNDQTF3 |
| 0.49% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $820,160.77 | 789,000 | BMVXP62 |
| 0.48% | -- | QXO BUILDING PRODUCTS INC CALLABLE BOND FIXED 6.75% 30/APR/2032 USD 1000 | -- | -- | -- | $809,290.71 | 789,000 | -- |
| 0.48% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $800,581.45 | 936,000 | BMV1L02 |
| 0.48% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $800,439.68 | 755,000 | BNQQSS6 |
| 0.48% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $799,410.13 | 797,000 | BRT75V6 |
| 0.48% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $797,567.84 | 810,000 | BNBTL14 |
| 0.48% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $796,417.20 | 851,000 | BNHW2C5 |
| 0.47% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $788,367.83 | 782,000 | BM8K1F7 |
| 0.47% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $787,908.27 | 826,000 | BJNPGH3 |
| 0.46% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $768,324.54 | 847,000 | BNHS096 |
| 0.45% | -- | COREWEAVE INC CALLABLE NOTES FIXED 9.25% 01/JUN/2030 USD 1000 | -- | -- | -- | $758,202.75 | 750,000 | -- |
| 0.45% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $755,408.68 | 738,000 | BNRPC80 |
| 0.44% | -- | SPIRIT AEROSYSTEMS INC | 9.75% | 11/15/2030 | -- | $742,508.78 | 675,000 | BR1YST4 |
| 0.44% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $741,615.42 | 709,000 | BLDCK76 |
| 0.44% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $739,255.35 | 750,000 | BT9NKJ1 |
| 0.44% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $736,024.45 | 748,000 | BQ1PCD2 |
| 0.43% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $726,418.87 | 695,000 | BRBCTZ1 |
| 0.43% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $717,125.85 | 721,000 | BMC7DR0 |
| 0.43% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $714,932.53 | 769,000 | BNDLGZ7 |
| 0.42% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $704,587.61 | 729,000 | BMFBJS2 |
| 0.42% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $699,342.55 | 701,000 | BPG27W5 |
| 0.41% | -- | UNIVISION COMMUNICATIONS | 6.63% | 06/01/2027 | -- | $691,676.72 | 693,000 | BMG68Y5 |
| 0.41% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $690,897.46 | 684,000 | BTXQV60 |
| 0.40% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $675,511.86 | 646,000 | BLC8Z03 |
| 0.40% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $663,581.52 | 662,000 | BSVLRC8 |
| 0.39% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $650,474.68 | 679,000 | BNHT925 |
| 0.39% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $649,206.30 | 628,000 | BLDCTF7 |
| 0.39% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $648,616.75 | 635,000 | BRZWYJ6 |
| 0.38% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $643,684.69 | 649,000 | BTCK903 |
| 0.38% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $631,921.53 | 646,000 | BMVVY70 |
| 0.38% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $631,576.07 | 573,000 | BR1H4Z1 |
| 0.37% | -- | WESCO DISTRIBUTION INC | 7.25% | 06/15/2028 | -- | $624,717.37 | 614,000 | BMYMZT9 |
| 0.37% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $623,514.37 | 665,000 | BPVBYZ9 |
| 0.37% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $622,592.84 | 610,000 | BQB88K0 |
| 0.37% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $620,377.03 | 653,000 | BLC9L19 |
| 0.37% | -- | ARDAGH PKG FIN/HLDGS USA | 5.25% | 08/15/2027 | -- | $619,650.00 | 1,377,000 | BMW7N92 |
| 0.36% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $608,816.65 | 659,000 | BM8K6S5 |
| 0.36% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $605,326.79 | 606,000 | BP091F3 |
| 0.36% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $598,919.57 | 622,000 | BMW5D63 |
| 0.36% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $597,637.52 | 581,000 | BPX27Q2 |
| 0.35% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $589,745.17 | 569,000 | BMCGQM3 |
| 0.35% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $589,228.20 | 603,000 | BQ9D885 |
| 0.35% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $587,159.05 | 614,000 | BMTN6F0 |
| 0.35% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $578,357.58 | 630,000 | BP7LR98 |
| 0.35% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $577,918.65 | 609,000 | BMXC0P1 |
| 0.34% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $571,800.68 | 546,000 | BT3NFD6 |
| 0.34% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $571,300.09 | 556,000 | BNRPV83 |
| 0.34% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $562,171.27 | 536,000 | BRC2671 |
| 0.33% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $556,318.92 | 770,000 | BM93J39 |
| 0.33% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $550,521.80 | 550,000 | BP946X2 |
| 0.33% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $546,578.82 | 542,000 | BSHT8Y5 |
| 0.33% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $544,487.19 | 523,000 | BMCMQL0 |
| 0.32% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $541,958.91 | 529,000 | BR2NN28 |
| 0.32% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $532,974.64 | 550,000 | BN0ZRZ9 |
| 0.32% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $532,181.19 | 587,000 | BKVH9C4 |
| 0.32% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $532,082.86 | 542,000 | BMXHJH1 |
| 0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $530,269.60 | 529,000 | BMW2W01 |
| 0.32% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $528,517.12 | 592,000 | BPLFC68 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $528,260.47 | 513,000 | BQ68CL4 |
| 0.31% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $526,487.76 | 521,000 | BTTRMX1 |
| 0.31% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $521,947.00 | 503,000 | BRRG7V9 |
| 0.31% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $520,508.50 | 500,000 | BNKBFF3 |
| 0.31% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $519,399.00 | 500,000 | BMVXP51 |
| 0.31% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $519,316.59 | 532,000 | BM9PWX6 |
| 0.31% | -- | NEWELL BRANDS INC CALLABLE NOTES FIXED 8.5% 01/JUN/2028 USD 1000 | -- | -- | -- | $519,253.26 | 500,000 | -- |
| 0.31% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $517,933.46 | 519,000 | BL54J73 |
| 0.31% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $517,149.63 | 507,000 | BQ3QRD8 |
| 0.31% | -- | VOYAGER PARENT LLC CALLABLE BOND FIXED 9.25% 01/JUL/2032 USD 1000 | -- | -- | -- | $514,784.00 | 500,000 | -- |
| 0.31% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $512,980.00 | 520,000 | BMC94W8 |
| 0.31% | -- | POST HOLDINGS INC CALLABLE BOND FIXED 6.25% 15/FEB/2032 USD 1000 | -- | -- | -- | $510,531.00 | 500,000 | -- |
| 0.30% | -- | ALBION FINANCING 1 SARL / AGGREKO HOLDINGS INC CALLABLE BOND FIXED 7% 21/MAY/2030 USD 1000 | -- | -- | -- | $509,549.00 | 500,000 | -- |
| 0.30% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $506,770.71 | 539,000 | BKPMPR2 |
| 0.30% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $502,620.12 | 489,000 | BT3CPW2 |
| 0.30% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $501,181.87 | 500,000 | BSNZ6B0 |
| 0.30% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $500,413.57 | 919,000 | BN6JYJ8 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $499,775.04 | 485,000 | BP092B6 |
| 0.30% | -- | FAIR ISAAC CORP CALLABLE NOTES FIXED 6% 15/MAY/2033 USD 1000 | -- | -- | -- | $499,641.00 | 500,000 | -- |
| 0.30% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $499,215.08 | 560,000 | BMG3813 |
| 0.30% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $498,171.78 | 467,000 | BS88506 |
| 0.30% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $497,656.25 | 556,000 | BKPJT48 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $497,198.25 | 450,000 | BR1YSV6 |
| 0.30% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $497,006.94 | 563,000 | BS3BCF4 |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $496,607.32 | 495,000 | BN6MM59 |
| 0.30% | -- | TRANSDIGM INC CALLABLE NOTES FIXED 6.375% 31/MAY/2033 USD 1000 | -- | -- | -- | $496,418.85 | 500,000 | -- |
| 0.29% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $488,291.96 | 481,000 | BPK4CP5 |
| 0.29% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $485,754.05 | 572,000 | BNQPRV9 |
| 0.29% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $484,045.44 | 521,000 | BN6KWY2 |
| 0.29% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $483,576.51 | 653,000 | BPGM651 |
| 0.29% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $482,668.81 | 464,000 | BQKRVC1 |
| 0.29% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $481,543.15 | 500,000 | BRXZ215 |
| 0.29% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $481,355.58 | 467,000 | BMCGQ56 |
| 0.28% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $473,314.45 | 483,000 | BM8H4Y8 |
| 0.28% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $468,529.08 | 489,000 | BR4ZG56 |
| 0.28% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $468,359.35 | 492,000 | BMY8TS4 |
| 0.28% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $467,759.46 | 495,000 | BMH29D8 |
| 0.28% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $465,430.05 | 450,000 | BR53N25 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $464,149.35 | 450,000 | BP5JP78 |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $461,871.21 | 441,000 | BPLL6H5 |
| 0.28% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $461,755.00 | 1,169,000 | BQWNRK7 |
| 0.28% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $460,938.83 | 465,000 | BMD14K1 |
| 0.27% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $455,352.25 | 471,000 | BNM5Z19 |
| 0.27% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $448,924.34 | 426,000 | BMZMHS1 |
| 0.27% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $448,706.16 | 420,000 | BMGC188 |
| 0.27% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $448,256.07 | 442,000 | BRK14M1 |
| 0.27% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $446,975.76 | 440,000 | BS9C5X0 |
| 0.27% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $445,479.62 | 502,000 | BMFNDV9 |
| 0.26% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $439,542.50 | 436,000 | BN95KZ1 |
| 0.26% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $437,378.18 | 455,000 | BMFNGQ5 |
| 0.26% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $436,746.45 | 497,000 | BM94BT2 |
| 0.26% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $436,632.52 | 457,000 | BT7JWZ1 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $428,899.44 | 443,000 | BMHBB51 |
| 0.26% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $428,399.52 | 399,000 | BMJ0LG7 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $426,750.24 | 419,000 | BM8SW92 |
| 0.25% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $416,062.62 | 452,000 | BP4Z8H8 |
| 0.24% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $404,740.61 | 383,000 | BPBRSM2 |
| 0.24% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $403,882.99 | 422,000 | BP83D39 |
| 0.24% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $402,616.75 | 431,000 | BRPT5J4 |
| 0.24% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $401,669.72 | 383,000 | BP092P0 |
| 0.24% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $397,506.94 | 451,000 | BSKP420 |
| 0.24% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $396,963.46 | 384,000 | BNRPLW7 |
| 0.23% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $392,777.59 | 416,000 | BNKFMN2 |
| 0.23% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $389,350.83 | 382,000 | BRBDSH9 |
| 0.23% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $389,104.56 | 424,000 | BNKLFF3 |
| 0.23% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $388,816.03 | 382,000 | BRBVMG0 |
| 0.23% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $386,269.01 | 394,000 | BMBV4H0 |
| 0.23% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $384,851.79 | 376,000 | BRT7527 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $377,087.50 | 485,000 | BMH8323 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $363,887.64 | 349,000 | BS7XRZ1 |
| 0.22% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $361,216.64 | 354,000 | BM9YJB0 |
| 0.21% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $356,980.07 | 356,000 | BQB7JV5 |
| 0.21% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $350,127.27 | 384,000 | BNM51T9 |
| 0.21% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $346,319.44 | 378,000 | BMBVFS8 |
| 0.21% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $343,088.51 | 389,000 | BMDB423 |
| 0.20% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $335,012.57 | 332,000 | BTTRLD4 |
| 0.19% | -- | CSC HOLDINGS LLC | 4.63% | 12/01/2030 | -- | $324,054.66 | 704,000 | BM9M1M9 |
| 0.19% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $318,205.49 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $311,239.42 | 301,000 | BMJ0L90 |
| 0.17% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $289,297.73 | 287,000 | BV0YZ47 |
| 0.17% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $287,455.94 | 296,000 | BNTBJ41 |
| 0.17% | -- | SAKS GLOBAL ENTERPRISES | 11.00% | 12/15/2029 | -- | $285,897.48 | 708,000 | BS495M5 |
| 0.16% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $275,662.14 | 260,000 | BR1H7L8 |
| 0.15% | -- | ROCKETMTGE CO-ISSUER INC | 2.88% | 10/15/2026 | -- | $251,750.23 | 259,000 | BP815Z9 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $250,389.66 | 285,000 | BM9SD09 |
| 0.15% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $249,978.82 | 247,000 | BMXHQ92 |
| 0.14% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $228,933.99 | 214,000 | BQFHT88 |
| 0.12% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $200,908.59 | 211,000 | BNW2059 |
| 0.11% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $182,612.54 | 204,000 | BMFBJQ0 |
| 0.09% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $145,084.65 | 155,000 | BM9NG16 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $135,856.22 | 148,000 | BN7S9F5 |
| 0.07% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $122,083.80 | 133,000 | BMD9BZ9 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $87,972.30 | 97,000 | BLD7383 |
| 0.05% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $83,952.83 | 199,000 | BP0X973 |
| 0.04% | -- | PG&E CORP | 5.25% | 07/01/2030 | -- | $72,206.59 | 76,000 | BLCC408 |
| 0.04% | -- | CELANESE US HOLDINGS LLC | 6.42% | 07/15/2027 | -- | $63,784.86 | 62,000 | BP9RBF8 |
| 0.04% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $61,744.62 | 96,000 | BP9LWV3 |
| 0.02% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $27,341.87 | 27,000 | BP4YGK4 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $10,669.98 | 12,000 | BLDBLN6 |
| -- | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $2,076.14 | 2,000 | BS7Y6M4 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -11.93% | -- | US 10YR NOTE (CBT) BOND 19/SEP/2025 TYU5 COMDTY | -- | -- | -19,950,109 | -- | -179 | -- |
| -30.55% | -- | US 2YR NOTE (CBT) BOND 30/SEP/2025 TUU5 COMDTY | -- | -- | -51,102,657 | -- | -246 | -- |
| -53.17% | -- | US 5YR NOTE (CBT) BOND 30/SEP/2025 FVU5 COMDTY | -- | -- | -88,944,680 | -- | -819 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,475,715.40 | 7,475,715 | -- |
Index
- Total Number of Issues240
- Long Portfolio Duration3.52
- Net Effective Duration0.03
- Long Portfolio Yield7.98
- Net Index Yield8.34
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