HYHG
High Yield—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 257 Nontraditional Bond funds based on risk-adjusted returns as of 06/30/25.
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 227
- Net Effective Duration -0.13%
Price
as of 7/11/2025- NAV $64.69
- NAV Change $+0.04
- Market Price $64.77
- Market Price Change $+0.10
- Trading Volume (M) 3,605
- 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 227
- Net Effective Duration -0.13%
Price
as of 7/11/2025- NAV $64.69
- NAV Change $+0.04
- Market Price $64.77
- Market Price Change $+0.10
- Trading Volume (M) 3,605
- 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 7/10/2025
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.93% | -- | DISH NETWORK CORP | 11.75% | 11/15/2027 | -- | $3,158,802.79 | 3,038,000 | BQB9NW0 |
| 1.51% | -- | CCO HLDGS LLC/CAP CORP | 4.25% | 02/01/2031 | -- | $2,468,447.09 | 2,661,000 | BN2R7D1 |
| 1.30% | -- | MEDLINE BORROWER LP | 5.25% | 10/01/2029 | -- | $2,127,492.36 | 2,167,000 | BMWDGR9 |
| 1.30% | -- | CLOUD SOFTWARE GRP INC | 6.50% | 03/31/2029 | -- | $2,127,064.68 | 2,109,000 | BN2QTP4 |
| 1.27% | -- | CHS/COMMUNITY HEALTH SYS | 5.63% | 03/15/2027 | -- | $2,075,842.38 | 2,099,000 | BNNTB78 |
| 1.22% | -- | TRANSDIGM INC | 6.38% | 03/01/2029 | -- | $1,996,032.22 | 1,952,000 | BNM6H94 |
| 1.19% | -- | STANDARD INDUSTRI INC/NY | 3.38% | 01/15/2031 | -- | $1,934,914.21 | 2,172,000 | BMFNDV9 |
| 1.16% | -- | MAUSER PACKAGING SOLUT | 7.88% | 04/15/2027 | -- | $1,897,835.70 | 1,871,000 | BSMMD99 |
| 0.96% | -- | FIRST QUANTUM MINERALS L | 9.38% | 03/01/2029 | -- | $1,571,957.92 | 1,485,000 | BP6GPK1 |
| 0.93% | -- | BAUSCH HEALTH COS INC | 11.00% | 09/30/2028 | -- | $1,525,636.20 | 1,529,000 | BNBTNV8 |
| 0.93% | -- | HUB INTERNATIONAL LTD | 7.38% | 01/31/2032 | -- | $1,519,727.35 | 1,458,000 | BQ67HZ0 |
| 0.88% | -- | AMERICAN AIRLINES/AADVAN | 5.75% | 04/20/2029 | -- | $1,440,778.85 | 1,440,000 | BM8H783 |
| 0.87% | -- | VENTURE GLOBAL LNG INC | 8.38% | 06/01/2031 | -- | $1,425,567.80 | 1,382,000 | BRK4301 |
| 0.83% | -- | QUIKRETE HOLDINGS INC | 6.38% | 03/01/2032 | -- | $1,351,615.91 | 1,321,000 | BPH26F0 |
| 0.81% | -- | PANTHER ESCROW ISSUER | 7.13% | 06/01/2031 | -- | $1,326,932.72 | 1,283,000 | BS2FMQ8 |
| 0.81% | -- | EMRLD BOR / EMRLD CO-ISS | 6.63% | 12/15/2030 | -- | $1,318,801.83 | 1,290,000 | BPLP3M1 |
| 0.80% | -- | 1261229 BC LTD | 10.00% | 04/15/2032 | -- | $1,299,789.12 | 1,280,000 | BS9G792 |
| 0.76% | -- | BLOCK INC | 6.50% | 05/15/2032 | -- | $1,246,187.12 | 1,210,000 | BNZG7Q8 |
| 0.74% | -- | CLOUD SOFTWARE GRP INC | 9.00% | 09/30/2029 | -- | $1,210,586.12 | 1,170,000 | BRJQLF9 |
| 0.74% | -- | CELANESE US HOLDINGS LLC | 6.75% | 04/15/2033 | -- | $1,210,123.99 | 1,190,000 | BS6V604 |
| 0.73% | -- | ATLAS LUXCO 4 / ALL UNI | 4.63% | 06/01/2028 | -- | $1,185,251.74 | 1,223,000 | BMVXSB8 |
| 0.72% | -- | INTELSAT JACKSON HLDG | 6.50% | 03/15/2030 | -- | $1,182,567.40 | 1,162,000 | BNTY069 |
| 0.71% | -- | MPT OPER PARTNERSP/FINL | 8.50% | 02/15/2032 | -- | $1,162,107.64 | 1,134,000 | BTCCGD1 |
| 0.70% | -- | WINDSTREAM SERVICES/ESCR | 8.25% | 10/01/2031 | -- | $1,149,379.00 | 1,100,000 | BRSF6F2 |
| 0.70% | -- | NEPTUNE BIDCO US INC | 9.29% | 04/15/2029 | -- | $1,147,550.00 | 1,180,000 | BQKN5B6 |
| 0.70% | -- | HERC HOLDINGS INC CALLABLE NOTES FIXED 7.25% 15/JUN/2033 USD 1000 | -- | -- | -- | $1,144,998.23 | 1,096,000 | -- |
| 0.69% | -- | TENET HEALTHCARE CORP | 6.13% | 10/01/2028 | -- | $1,134,713.21 | 1,133,000 | BPVDS42 |
| 0.69% | -- | VENTURE GLOBAL LNG INC | 9.50% | 02/01/2029 | -- | $1,119,083.08 | 1,030,000 | BQ80PR5 |
| 0.68% | -- | ROCKET COS INC CALLABLE NOTES FIXED 6.375% 01/AUG/2033 USD 1000 | -- | -- | -- | $1,107,642.63 | 1,087,000 | -- |
| 0.67% | -- | SIRIUS XM RADIO LLC | 4.00% | 07/15/2028 | -- | $1,094,215.79 | 1,145,000 | BMBJVY0 |
| 0.64% | -- | ROGERS COMMUNICATIONS IN | 7.00% | 04/15/2055 | -- | $1,044,301.93 | 1,023,000 | BSNQ215 |
| 0.64% | -- | POST HOLDINGS INC | 6.38% | 03/01/2033 | -- | $1,041,195.57 | 1,040,000 | BP812N6 |
| 0.64% | -- | UKG INC | 6.88% | 02/01/2031 | -- | $1,040,050.10 | 1,006,000 | BS2FZM5 |
| 0.63% | -- | ATHENAHEALTH GROUP INC | 6.50% | 02/15/2030 | -- | $1,030,695.13 | 1,041,000 | BN7SNC0 |
| 0.63% | -- | QUIKRETE HOLDINGS INC | 6.75% | 03/01/2033 | -- | $1,028,540.42 | 1,000,000 | BPH25H5 |
| 0.63% | -- | AXON ENTERPRISE INC | 6.13% | 03/15/2030 | -- | $1,024,468.00 | 1,000,000 | BR4XVS8 |
| 0.62% | -- | DIRECTV FIN LLC/COINC | 5.88% | 08/15/2027 | -- | $1,019,980.17 | 1,026,000 | BN765Z1 |
| 0.62% | -- | STAPLES INC | 10.75% | 09/01/2029 | -- | $1,006,461.73 | 1,060,000 | BS89C64 |
| 0.61% | -- | YUM! BRANDS INC | 4.63% | 01/31/2032 | -- | $1,001,357.92 | 1,044,000 | BNW2059 |
| 0.61% | -- | CONNECT FINCO SARL/CONNE | 9.00% | 09/15/2029 | -- | $995,301.16 | 976,000 | BRQPKY1 |
| 0.61% | -- | BUILDERS FIRSTSOURCE INC | 6.38% | 03/01/2034 | -- | $988,592.10 | 971,000 | BMF9C65 |
| 0.60% | -- | CVS HEALTH CORP | 7.00% | 03/10/2055 | -- | $975,266.46 | 945,000 | BQ2KRF3 |
| 0.59% | -- | CSC HOLDINGS LLC | 11.75% | 01/31/2029 | -- | $967,956.16 | 1,002,000 | BRBCV11 |
| 0.59% | -- | UNITED RENTALS NORTH AM | 3.88% | 02/15/2031 | -- | $964,816.70 | 1,036,000 | BLFGYK7 |
| 0.59% | -- | NCL CORPORATION LTD | 5.88% | 02/15/2027 | -- | $959,937.08 | 958,000 | BMBN777 |
| 0.58% | -- | QXO BUILDING PRODUCTS | 6.75% | 04/30/2032 | -- | $947,221.55 | 921,000 | BT7HYL5 |
| 0.57% | -- | 1011778 BC / NEW RED FIN | 4.00% | 10/15/2030 | -- | $933,234.84 | 1,004,000 | BMT6QQ0 |
| 0.57% | -- | UNITI GROUP/CSL CAPITAL | 6.50% | 02/15/2029 | -- | $925,146.53 | 960,000 | BMDHSY1 |
| 0.56% | -- | MCAFEE CORP | 7.38% | 02/15/2030 | -- | $917,213.82 | 989,000 | BNNPV76 |
| 0.56% | -- | JETBLUE AIRWAYS/LOYALTY | 9.88% | 09/20/2031 | -- | $911,287.69 | 937,000 | BRXCZB7 |
| 0.55% | -- | HERTZ CORP/THE | 12.63% | 07/15/2029 | -- | $905,155.03 | 865,000 | BS84LN9 |
| 0.55% | -- | BOOST NEWCO BORROWER LLC | 7.50% | 01/15/2031 | -- | $903,797.10 | 853,000 | BL6CM66 |
| 0.52% | -- | COREWEAVE INC | 9.25% | 06/01/2030 | -- | $856,893.82 | 835,000 | BVF9138 |
| 0.52% | -- | ORGANON & CO/ORGANON FOR | 4.13% | 04/30/2028 | -- | $853,993.13 | 894,000 | BMV1LQ8 |
| 0.52% | -- | CHURCHILL DOWNS INC | 5.75% | 04/01/2030 | -- | $849,571.85 | 850,000 | BPP2DX9 |
| 0.52% | -- | RYAN SPECIALTY | 5.88% | 08/01/2032 | -- | $847,190.73 | 844,000 | BPLPFQ9 |
| 0.52% | -- | CAESARS ENTERTAIN INC | 6.50% | 02/15/2032 | -- | $844,280.27 | 826,000 | BNTZ4D7 |
| 0.52% | -- | OLYMPUS WTR US HLDG CORP | 9.75% | 11/15/2028 | -- | $844,177.86 | 803,000 | BRBH8M6 |
| 0.52% | -- | SHIFT4 PAYMENTS LLC/FIN | 6.75% | 08/15/2032 | -- | $843,234.90 | 815,000 | BMZBL86 |
| 0.51% | -- | VOYAGER PARENT LLC | 9.25% | 07/01/2032 | -- | $839,630.56 | 801,000 | BVK4MV3 |
| 0.51% | -- | NCR ATLEOS LLC | 9.50% | 04/01/2029 | -- | $837,793.11 | 770,000 | BRCDDH3 |
| 0.50% | -- | ALLIANT HOLD / CO-ISSUER | 7.00% | 01/15/2031 | -- | $824,222.25 | 799,000 | BNDQTF3 |
| 0.50% | -- | CIVITAS RESOURCES INC | 8.75% | 07/01/2031 | -- | $808,613.80 | 797,000 | BRT75V6 |
| 0.49% | -- | ORGANON & CO/ORGANON FOR | 5.13% | 04/30/2031 | -- | $805,952.07 | 936,000 | BMV1L02 |
| 0.49% | -- | CARNIVAL CORP | 6.13% | 02/15/2033 | -- | $801,678.20 | 787,000 | BV0YZ47 |
| 0.49% | -- | VISTRA OPERATIONS CO LLC | 7.75% | 10/15/2031 | -- | $799,677.13 | 755,000 | BNQQSS6 |
| 0.49% | -- | IMOLA MERGER CORP | 4.75% | 05/15/2029 | -- | $797,111.53 | 826,000 | BJNPGH3 |
| 0.49% | -- | UNIVISION COMMUNICATIONS | 8.00% | 08/15/2028 | -- | $793,845.07 | 782,000 | BM8K1F7 |
| 0.47% | -- | CLEAR CHANNEL OUTDOOR HO | 7.50% | 06/01/2029 | -- | $771,887.06 | 847,000 | BNHS096 |
| 0.47% | -- | TALEN ENERGY SUPPLY LLC | 8.63% | 06/01/2030 | -- | $764,151.36 | 714,000 | BQFHT88 |
| 0.46% | -- | WEATHERFORD INTERNATIONA | 8.63% | 04/30/2030 | -- | $757,239.48 | 738,000 | BNRPC80 |
| 0.46% | -- | LEVEL 3 FINANCING INC | 11.00% | 11/15/2029 | -- | $754,780.08 | 658,116 | BS2FMP7 |
| 0.46% | -- | RAVEN ACQUISITION HOLDIN | 6.88% | 11/15/2031 | -- | $754,674.75 | 750,000 | BT9NKJ1 |
| 0.46% | -- | LVLT 6 7/8 06/30/33 | -- | -- | -- | $748,090.67 | 738,000 | -- |
| 0.46% | -- | TENET HEALTHCARE CORP | 6.13% | 06/15/2030 | -- | $743,891.69 | 737,000 | BPW9BQ2 |
| 0.45% | -- | TENNECO INC | 8.00% | 11/17/2028 | -- | $739,978.30 | 748,000 | BQ1PCD2 |
| 0.45% | -- | JANE STREET GRP/JSG FIN | 7.13% | 04/30/2031 | -- | $733,833.92 | 709,000 | BLDCK76 |
| 0.45% | -- | WAND NEWCO 3 INC | 7.63% | 01/30/2032 | -- | $729,597.59 | 695,000 | BRBCTZ1 |
| 0.44% | -- | HILTON DOMESTIC OPERATIN | 4.00% | 05/01/2031 | -- | $717,677.32 | 769,000 | BNDLGZ7 |
| 0.44% | -- | TK ELEVATOR US NEWCO INC | 5.25% | 07/15/2027 | -- | $716,165.62 | 721,000 | BMC7DR0 |
| 0.43% | -- | ARDONAGH GROUP FINANCE | 8.88% | 02/15/2032 | -- | $709,870.48 | 675,000 | BMVXP62 |
| 0.43% | -- | PRIME SECSRVC BRW/FINANC | 3.38% | 08/31/2027 | -- | $703,691.13 | 729,000 | BMFBJS2 |
| 0.43% | -- | SNAP INC | 6.88% | 03/01/2033 | -- | $697,449.33 | 684,000 | BTXQV60 |
| 0.43% | -- | NGL ENRGY OP/FIN CORP | 8.38% | 02/15/2032 | -- | $696,572.06 | 701,000 | BPG27W5 |
| 0.42% | -- | CLYDESDALE ACQUISITION | 8.75% | 04/15/2030 | -- | $684,852.97 | 671,000 | BQ3QRD8 |
| 0.41% | -- | CHART INDUSTRIES INC | 7.50% | 01/01/2030 | -- | $674,265.31 | 646,000 | BLC8Z03 |
| 0.41% | -- | BELRON UK FINANCE PLC | 5.75% | 10/15/2029 | -- | $666,406.17 | 662,000 | BSVLRC8 |
| 0.41% | -- | TRANSDIGM INC | 6.38% | 05/31/2033 | -- | $661,488.38 | 659,000 | BV99DS3 |
| 0.40% | -- | SMYRNA READY MIX CONCRET | 8.88% | 11/15/2031 | -- | $659,825.43 | 628,000 | BLDCTF7 |
| 0.40% | -- | DAVITA INC | 3.75% | 02/15/2031 | -- | $658,887.93 | 730,000 | BMFBJQ0 |
| 0.40% | -- | PERFORMANCE FOOD GROUP I | 4.25% | 08/01/2029 | -- | $653,046.52 | 679,000 | BNHT925 |
| 0.40% | -- | 1011778 BC / NEW RED FIN | 6.13% | 06/15/2029 | -- | $650,297.15 | 635,000 | BRZWYJ6 |
| 0.39% | -- | PRIME HEALTHCARE SERVICE | 9.38% | 09/01/2029 | -- | $643,480.26 | 649,000 | BTCK903 |
| 0.39% | -- | LIFEPOINT HEALTH INC | 11.00% | 10/15/2030 | -- | $633,970.07 | 573,000 | BR1H4Z1 |
| 0.39% | -- | CLEVELAND-CLIFFS INC | 7.00% | 03/15/2032 | -- | $632,899.42 | 659,000 | BM8K6S5 |
| 0.39% | -- | VZ SECURED FINANCING BV | 5.00% | 01/15/2032 | -- | $630,962.18 | 711,000 | BM94BT2 |
| 0.39% | -- | AVANTOR FUNDING INC | 4.63% | 07/15/2028 | -- | $630,479.85 | 646,000 | BMVVY70 |
| 0.38% | -- | BALL CORP | 6.00% | 06/15/2029 | -- | $624,059.28 | 610,000 | BQB88K0 |
| 0.38% | -- | ITT HOLDINGS LLC | 6.50% | 08/01/2029 | -- | $621,538.39 | 653,000 | BLC9L19 |
| 0.38% | -- | SBA COMMUNICATIONS CORP | 3.13% | 02/01/2029 | -- | $620,960.43 | 665,000 | BPVBYZ9 |
| 0.37% | -- | CAESARS ENTERTAIN INC | 7.00% | 02/15/2030 | -- | $600,881.76 | 581,000 | BPX27Q2 |
| 0.37% | -- | PG&E CORP | 7.38% | 03/15/2055 | -- | $599,448.34 | 634,000 | BQXJKM7 |
| 0.36% | -- | PETSMART INC/PETSMART FI | 7.75% | 02/15/2029 | -- | $593,958.06 | 614,000 | BMTN6F0 |
| 0.36% | -- | ALLIED UNIVERSAL HOLDCO | 7.88% | 02/15/2031 | -- | $593,846.52 | 569,000 | BMCGQM3 |
| 0.36% | -- | GRAY MEDIA INC | 5.38% | 11/15/2031 | -- | $589,999.05 | 770,000 | BM93J39 |
| 0.36% | -- | SERVICE PROPERTIES TRUST | 8.63% | 11/15/2031 | -- | $583,034.63 | 546,000 | BMGC188 |
| 0.36% | -- | TEGNA INC | 5.00% | 09/15/2029 | -- | $582,639.07 | 609,000 | BMXC0P1 |
| 0.35% | -- | VMED O2 UK FINAN | 4.75% | 07/15/2031 | -- | $578,871.15 | 630,000 | BP7LR98 |
| 0.35% | -- | FREEDOM MORTGAGE HOLD | 9.25% | 02/01/2029 | -- | $578,518.00 | 556,000 | BNRPV83 |
| 0.35% | -- | LIGHTNING POWER LLC | 7.25% | 08/15/2032 | -- | $571,714.96 | 546,000 | BT3NFD6 |
| 0.34% | -- | SINCLAIR TELEVISION GROU | 8.13% | 02/15/2033 | -- | $562,886.50 | 550,000 | BP946X2 |
| 0.34% | -- | DELEK LOG PART/FINANCE | 8.63% | 03/15/2029 | -- | $554,973.86 | 536,000 | BRC2671 |
| 0.34% | -- | NCL CORPORATION LTD | 6.75% | 02/01/2032 | -- | $554,781.78 | 542,000 | BSHT8Y5 |
| 0.34% | -- | FERTITTA ENTERTAINMENT | 6.75% | 01/15/2030 | -- | $549,185.80 | 592,000 | BPLFC68 |
| 0.33% | -- | AMENTUM HOLDINGS INC | 7.25% | 08/01/2032 | -- | $546,424.34 | 529,000 | BR2NN28 |
| 0.33% | -- | PARAMOUNT GLOBAL | 6.38% | 03/30/2062 | -- | $535,063.48 | 542,000 | BMXHJH1 |
| 0.33% | -- | VISTRA OPERATIONS CO LLC | 4.38% | 05/01/2029 | -- | $534,448.64 | 550,000 | BN0ZRZ9 |
| 0.33% | -- | RR DONNELLEY & SONS CO | 9.50% | 08/01/2029 | -- | $531,700.00 | 520,000 | BMC94W8 |
| 0.32% | -- | SUNOCO LP | 6.25% | 07/01/2033 | -- | $527,984.01 | 521,000 | BTTRMX1 |
| 0.32% | -- | COMMSCOPE LLC | 9.50% | 12/15/2031 | -- | $526,846.22 | 503,000 | BRRG7V9 |
| 0.32% | -- | US ACUTE CARE SOLUTIONS | 9.75% | 05/15/2029 | -- | $526,491.78 | 513,000 | BQ68CL4 |
| 0.32% | -- | NEWELL BRANDS INC | 8.50% | 06/01/2028 | -- | $525,196.00 | 500,000 | BVK4BV6 |
| 0.32% | -- | COMSTOCK RESOURCES INC | 6.75% | 03/01/2029 | -- | $522,554.40 | 529,000 | BMW2W01 |
| 0.32% | -- | SABLE INTL FINANCE LTD | 7.13% | 10/15/2032 | -- | $522,080.78 | 519,000 | BL54J73 |
| 0.32% | -- | ARDONAGH FINCO LTD | 7.75% | 02/15/2031 | -- | $521,871.00 | 500,000 | BMVXP51 |
| 0.32% | -- | MADISON IAQ LLC | 5.88% | 06/30/2029 | -- | $520,527.78 | 532,000 | BM9PWX6 |
| 0.32% | -- | GFL ENVIRONMENTAL INC | 6.75% | 01/15/2031 | -- | $519,927.14 | 500,000 | BNKBFF3 |
| 0.31% | -- | ALBION FINANCING 1SARL / | 7.00% | 05/21/2030 | -- | $512,191.61 | 500,000 | BMGDND0 |
| 0.31% | -- | POST HOLDINGS INC | 6.25% | 02/15/2032 | -- | $512,059.52 | 500,000 | BPSQQR3 |
| 0.31% | -- | NFE FINANCING LLC | 12.00% | 11/15/2029 | -- | $511,437.50 | 1,169,000 | BQWNRK7 |
| 0.31% | -- | BRAND INDUSTRIAL SERVICE | 10.38% | 08/01/2030 | -- | $510,858.54 | 563,000 | BS3BCF4 |
| 0.31% | -- | VMED O2 UK FINAN | 4.25% | 01/31/2031 | -- | $509,779.55 | 563,000 | BKVH9C4 |
| 0.31% | -- | ALBERTSONS COS/SAFEWAY | 3.50% | 03/15/2029 | -- | $508,305.35 | 539,000 | BKPMPR2 |
| 0.31% | -- | IQV 6 1/4 06/01/32 | -- | -- | -- | $507,873.58 | 499,000 | -- |
| 0.31% | -- | ROGERS COMMUNICATIONS IN | 7.13% | 04/15/2055 | -- | $505,132.84 | 500,000 | BSNZ6B0 |
| 0.31% | -- | GRAY MEDIA INC | 10.50% | 07/15/2029 | -- | $504,783.70 | 467,000 | BS88506 |
| 0.31% | -- | ACRISURE LLC / FIN INC | 7.50% | 11/06/2030 | -- | $503,486.63 | 489,000 | BT3CPW2 |
| 0.31% | -- | FAIR ISAAC CORP | 6.00% | 05/15/2033 | -- | $503,081.00 | 500,000 | BVK50T0 |
| 0.31% | -- | BALL CORP | 2.88% | 08/15/2030 | -- | $502,959.97 | 560,000 | BMG3813 |
| 0.31% | -- | HILTON DOMESTIC OPERATIN | 3.63% | 02/15/2032 | -- | $500,852.14 | 556,000 | BKPJT48 |
| 0.30% | -- | EG GLOBAL FINANCE PLC | 12.00% | 11/30/2028 | -- | $496,881.90 | 450,000 | BR1YSV6 |
| 0.30% | -- | PERFORMANCE FOOD GROUP I | 6.13% | 09/15/2032 | -- | $496,687.87 | 488,000 | BP4YGK4 |
| 0.30% | -- | ALPHA GENERATION LLC | 6.75% | 10/15/2032 | -- | $496,595.14 | 485,000 | BP092B6 |
| 0.30% | -- | VALARIS LTD | 8.38% | 04/30/2030 | -- | $493,608.20 | 481,000 | BPK4CP5 |
| 0.30% | -- | SABRE GLBL INC CALLABLE NOTES FIXED 11.125% 15/JUL/2030 USD 1000 | -- | -- | -- | $491,798.24 | 464,000 | -- |
| 0.30% | -- | JANE STREET GRP/JSG FIN | 6.13% | 11/01/2032 | -- | $490,798.44 | 495,000 | BN6MM59 |
| 0.30% | -- | COINBASE GLOBAL INC | 3.38% | 10/01/2028 | -- | $488,619.85 | 521,000 | BN6KWY2 |
| 0.30% | -- | HOWDEN UK REFINANCE / US | 7.25% | 02/15/2031 | -- | $484,522.77 | 467,000 | BMCGQ56 |
| 0.30% | -- | DIRECTV FIN LLC/COINC | 10.00% | 02/15/2031 | -- | $484,306.00 | 500,000 | BRXZ215 |
| 0.30% | -- | RAKUTEN GROUP INC CALLABLE NOTES FIXED 11.25% 15/FEB/2027 USD 1000 | -- | -- | -- | $484,071.00 | 447,000 | -- |
| 0.30% | -- | HUB INTERNATIONAL LTD | 7.25% | 06/15/2030 | -- | $483,391.02 | 464,000 | BQKRVC1 |
| 0.29% | -- | BRIGHTLINE EAST LLC | 11.00% | 01/31/2030 | -- | $480,474.14 | 653,000 | BPGM651 |
| 0.29% | -- | CLARIOS GLOBAL LP / CLARIOS US FINANCE CO CALLABLE NOTES FIXED 6.75% 15/FEB/2030 USD 1000 | -- | -- | -- | $479,627.52 | 464,000 | -- |
| 0.29% | -- | CQP HOLDCO LP/BIP-V CHIN | 5.50% | 06/15/2031 | -- | $473,403.35 | 483,000 | BM8H4Y8 |
| 0.29% | -- | FERTITTA ENTERTAINMENT | 4.63% | 01/15/2029 | -- | $470,856.42 | 495,000 | BMH29D8 |
| 0.29% | -- | ROBLOX CORP | 3.88% | 05/01/2030 | -- | $470,657.89 | 503,000 | BNHW2C5 |
| 0.29% | -- | CITGO PETROLEUM CORP | 8.38% | 01/15/2029 | -- | $466,461.90 | 450,000 | BR53N25 |
| 0.29% | -- | MIDAS OPCO HOLDINGS LLC | 5.63% | 08/15/2029 | -- | $466,411.47 | 492,000 | BMY8TS4 |
| 0.28% | -- | IRON MOUNTAIN INC CALLABLE NOTES FIXED 6.25% 15/JAN/2033 USD 1000 | -- | -- | -- | $464,691.27 | 455,000 | -- |
| 0.28% | -- | EQUIPMENTSHARE.COM INC | 9.00% | 05/15/2028 | -- | $463,612.28 | 441,000 | BPLL6H5 |
| 0.28% | -- | FORTRESS TRANS & INFRAST | 5.50% | 05/01/2028 | -- | $462,467.98 | 465,000 | BMD14K1 |
| 0.28% | -- | PERMIAN RESOURC OPTG LLC | 7.00% | 01/15/2032 | -- | $461,928.58 | 450,000 | BP5JP78 |
| 0.28% | -- | ALTICE FINANCING SA CALLABLE BOND FIXED 5.75% 15/AUG/2029 USD 1000 | -- | -- | -- | $459,263.52 | 613,000 | -- |
| 0.28% | -- | KINETIK HOLDINGS LP | 5.88% | 06/15/2030 | -- | $457,699.93 | 456,000 | BQB7JV5 |
| 0.28% | -- | LCM INVESTMENTS HOLDINGS | 4.88% | 05/01/2029 | -- | $457,145.64 | 471,000 | BNM5Z19 |
| 0.28% | -- | GARDA WORLD SECURITY | 8.38% | 11/15/2032 | -- | $456,639.61 | 442,000 | BRK14M1 |
| 0.28% | -- | WYNN RESORTS FINANCE LLC | 7.13% | 02/15/2031 | -- | $453,577.96 | 426,000 | BMZMHS1 |
| 0.28% | -- | SBA COMMUNICATIONS CORP | 3.88% | 02/15/2027 | -- | $452,713.25 | 462,000 | BNBTL14 |
| 0.28% | -- | UNITED RENTALS NORTH AM | 6.13% | 03/15/2034 | -- | $450,809.22 | 440,000 | BS9C5X0 |
| 0.28% | -- | HILCORP ENERGY I/HILCORP | 7.25% | 02/15/2035 | -- | $449,505.09 | 457,000 | BT7JWZ1 |
| 0.27% | -- | NEXSTAR MEDIA INC | 4.75% | 11/01/2028 | -- | $441,465.43 | 455,000 | BMFNGQ5 |
| 0.27% | -- | DARLING INGREDIENTS INC | 6.00% | 06/15/2030 | -- | $440,064.39 | 436,000 | BN95KZ1 |
| 0.27% | -- | CRESCENT ENERGY FINANCE | 7.63% | 04/01/2032 | -- | $434,360.20 | 446,000 | BQ9D885 |
| 0.26% | -- | SCIH SALT HOLDINGS INC | 4.88% | 05/01/2028 | -- | $431,579.68 | 443,000 | BMHBB51 |
| 0.26% | -- | VERITIV OPERATING CO | 10.50% | 11/30/2030 | -- | $430,601.51 | 399,000 | BMJ0LG7 |
| 0.26% | -- | USA COM PART/USA COM FIN | 7.13% | 03/15/2029 | -- | $428,694.15 | 419,000 | BM8SW92 |
| 0.26% | -- | TRONOX INC | 4.63% | 03/15/2029 | -- | $428,202.15 | 500,000 | BNQPRV9 |
| 0.26% | -- | VISTAJET MALTA/VM HOLDS | 6.38% | 02/01/2030 | -- | $419,770.27 | 452,000 | BP4Z8H8 |
| 0.26% | -- | UNIVISION COMMUNICATIONS INC CALLABLE NOTES FIXED 8.5% 31/JUL/2031 USD 1000 | -- | -- | -- | $416,951.95 | 423,000 | -- |
| 0.25% | -- | JEFFERIES FIN LLC / JFIN | 5.00% | 08/15/2028 | -- | $406,346.71 | 422,000 | BP83D39 |
| 0.25% | -- | ASTON MARTIN CAPITAL HOL | 10.00% | 03/31/2029 | -- | $403,315.15 | 431,000 | BRPT5J4 |
| 0.25% | -- | IRON MOUNTAIN INC | 4.50% | 02/15/2031 | -- | $402,128.41 | 425,000 | BMG1HP4 |
| 0.25% | -- | ENDO FINANCE HOLDINGS | 8.50% | 04/15/2031 | -- | $401,529.16 | 383,000 | BPBRSM2 |
| 0.25% | -- | AETHON UN/AETHIN UN FIN | 7.50% | 10/01/2029 | -- | $400,278.66 | 383,000 | BP092P0 |
| 0.24% | -- | KEHE DIST/FIN / NEXTWAVE | 9.00% | 02/15/2029 | -- | $395,913.98 | 384,000 | BNRPLW7 |
| 0.24% | -- | SENSATA TECHNOLOGIES BV | 4.00% | 04/15/2029 | -- | $395,561.92 | 416,000 | BNKFMN2 |
| 0.24% | -- | VITAL ENERGY INC | 7.88% | 04/15/2032 | -- | $391,289.44 | 451,000 | BSKP420 |
| 0.24% | -- | PERMIAN RESOURC OPTG LLC | 6.25% | 02/01/2033 | -- | $390,927.80 | 390,000 | BP091F3 |
| 0.24% | -- | RHP HOTEL PPTY/RHP FINAN | 6.50% | 04/01/2032 | -- | $390,829.17 | 382,000 | BRBDSH9 |
| 0.24% | -- | FOCUS FINANCIAL PARTNERS | 6.75% | 09/15/2031 | -- | $390,091.13 | 382,000 | BRBVMG0 |
| 0.24% | -- | MIDCAP FINANCIAL ISSR TR | 6.50% | 05/01/2028 | -- | $389,496.50 | 394,000 | BMBV4H0 |
| 0.24% | -- | SAKS GLOBAL ENTERPRS LLC | 11.00% | 12/15/2029 | -- | $387,787.50 | 1,149,000 | BS495M5 |
| 0.24% | -- | MICHAELS COS INC/THE | 7.88% | 05/01/2029 | -- | $386,262.00 | 621,000 | BN6JYJ8 |
| 0.24% | -- | CIVITAS RESOURCES INC | 8.38% | 07/01/2028 | -- | $385,473.05 | 376,000 | BRT7527 |
| 0.24% | -- | ARDAGH METAL PACKAGING | 4.00% | 09/01/2029 | -- | $384,754.08 | 424,000 | BNKLFF3 |
| 0.23% | -- | FRONTIER COMMUNICATIONS | 8.75% | 05/15/2030 | -- | $376,121.43 | 359,000 | BPG22V9 |
| 0.23% | -- | MPH ACQUISITION HOLDINGS | 5.50% | 09/01/2028 | -- | $375,268.75 | 485,000 | BMH8323 |
| 0.22% | -- | HUSKY INJECTION / TITAN | 9.00% | 02/15/2029 | -- | $363,466.05 | 349,000 | BS7XRZ1 |
| 0.22% | -- | CLYDESDALE ACQUISITION | 6.75% | 04/15/2032 | -- | $363,294.89 | 354,000 | BM9YJB0 |
| 0.22% | -- | CRESCENT ENERGY FINANCE | 7.38% | 01/15/2033 | -- | $359,282.71 | 378,000 | BR4ZG56 |
| 0.22% | -- | NRG ENERGY INC | 3.63% | 02/15/2031 | -- | $351,611.55 | 384,000 | BNM51T9 |
| 0.22% | -- | STAR PARENT INC | 9.00% | 10/01/2030 | -- | $351,396.98 | 337,000 | BMCMQL0 |
| 0.21% | -- | CCO HLDGS LLC/CAP CORP | 4.50% | 05/01/2032 | -- | $350,098.35 | 378,000 | BMBVFS8 |
| 0.21% | -- | COMPASS GROUP DIVERSIFIE | 5.25% | 04/15/2029 | -- | $349,518.68 | 389,000 | BMDB423 |
| 0.21% | -- | CSC HOLDINGS LLC CALLABLE NOTES FIXED 4.5% 15/NOV/2031 USD 1000 | -- | -- | -- | $338,233.48 | 481,000 | -- |
| 0.21% | -- | SUNRISE FINCO I BV | 4.88% | 07/15/2031 | -- | $338,221.08 | 359,000 | BMT7QC9 |
| 0.21% | -- | OPAL BIDCO | 6.50% | 03/31/2032 | -- | $337,760.14 | 332,000 | BTTRLD4 |
| 0.20% | -- | ROCKET COS INC CALLABLE NOTES FIXED 6.125% 01/AUG/2030 USD 1000 | -- | -- | -- | $324,832.74 | 321,000 | -- |
| 0.20% | -- | SMYRNA READY MIX CONCRET | 6.00% | 11/01/2028 | -- | $321,481.71 | 322,000 | BMDXC58 |
| 0.19% | -- | AMERICAN AIRLINES INC | 8.50% | 05/15/2029 | -- | $315,300.26 | 301,000 | BMJ0L90 |
| 0.19% | -- | ALLISON TRANSMISSION INC | 3.75% | 01/30/2031 | -- | $308,183.97 | 337,000 | BMX50K5 |
| 0.18% | -- | TEGNA INC | 4.63% | 03/15/2028 | -- | $286,727.27 | 296,000 | BNTBJ41 |
| 0.16% | -- | PETSMART INC/PETSMART FI | 4.75% | 02/15/2028 | -- | $266,089.48 | 274,000 | BMW5D63 |
| 0.15% | -- | SIRIUS XM RADIO LLC | 3.88% | 09/01/2031 | -- | $252,602.05 | 285,000 | BM9SD09 |
| 0.15% | -- | ALLIANT HOLD / CO-ISSUER | 6.75% | 04/15/2028 | -- | $250,664.99 | 247,000 | BMXHQ92 |
| 0.14% | -- | CACI INTERNATIONAL INC CALLABLE NOTES FIXED 6.375% 15/JUN/2033 USD 1000 | -- | -- | -- | $234,787.37 | 228,000 | -- |
| 0.09% | -- | NEW FORTRESS ENERGY INC | 6.50% | 09/30/2026 | -- | $151,499.32 | 301,000 | BP0X973 |
| 0.08% | -- | YUM! BRANDS INC | 3.63% | 03/15/2031 | -- | $136,586.40 | 148,000 | BN7S9F5 |
| 0.08% | -- | BUILDERS FIRSTSOURCE INC | 4.25% | 02/01/2032 | -- | $123,518.76 | 133,000 | BMD9BZ9 |
| 0.05% | -- | BLOCK INC | 3.50% | 06/01/2031 | -- | $88,903.93 | 97,000 | BLD7383 |
| 0.04% | -- | CLEAR CHANNEL OUTDOOR HO | 7.75% | 04/15/2028 | -- | $69,723.54 | 74,000 | BM9NG16 |
| 0.04% | -- | HERTZ CORP/THE | 5.00% | 12/01/2029 | -- | $67,601.86 | 96,000 | BP9LWV3 |
| 0.02% | -- | UNITI GROUP/CSL CAPITAL | 10.50% | 02/15/2028 | -- | $37,059.79 | 35,000 | BR1H7L8 |
| 0.01% | -- | WR GRACE HOLDING LLC | 5.63% | 08/15/2029 | -- | $11,057.94 | 12,000 | BLDBLN6 |
| -- | -- | NATIONSTAR MTG HLD INC | 7.13% | 02/01/2032 | -- | $2,078.98 | 2,000 | BS7Y6M4 |
| -- | -- | CELANESE US HOLDINGS LLC | 6.42% | 07/15/2027 | -- | $2,054.23 | 2,000 | BP9RBF8 |
| -- | -- | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP BOND FIXED 7.75% 15/AUG/2028 USD | -- | -- | -- | $00.00 | 556 | -- |
| -10.22% | -- | US 10YR NOTE (CBT) BOND 19/SEP/2025 TYU5 COMDTY | -- | -- | -16,682,813 | -- | -150 | -- |
| -38.62% | -- | US 2YR NOTE (CBT) BOND 30/SEP/2025 TUU5 COMDTY | -- | -- | -63,053,875 | -- | -304 | -- |
| -48.32% | -- | US 5YR NOTE (CBT) BOND 30/SEP/2025 FVU5 COMDTY | -- | -- | -78,891,313 | -- | -728 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $7,324,035.87 | 7,324,036 | -- |
Index
as of 3/31/2025
- 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