IGHG
Investment Grade—Interest Rate Hedged
Why Invest in IGHG?
-
Provides the return potential of a diversified portfolio of investment grade 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.
Why Invest in IGHG?
-
Provides the return potential of a diversified portfolio of investment grade 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
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
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| IGHG Market Price | -0.06% | -2.28% | -1.94% | -4.82% | -5.28% | 0.64% | 1.57% | -- | 1.74% | 11/05/2013 |
| IGHG NAV | 0.61% | -1.26% | -1.21% | -4.78% | -4.90% | 0.74% | 1.62% | -- | 1.76% | 11/05/2013 |
| FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.46% | -1.27% | -0.88% | -4.53% | -4.60% | 0.90% | 1.77% | -- | 2.03% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| IGHG Market Price | -3.39% | -3.55% | -5.90% | -5.90% | -7.22% | 0.09% | 1.21% | -- | 1.64% | 11/05/2013 |
| IGHG NAV | -2.74% | -3.87% | -6.22% | -6.22% | -7.31% | 0.07% | 1.27% | -- | 1.62% | 11/05/2013 |
| FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | -3.00% | -3.97% | -6.20% | -6.20% | -7.09% | 0.17% | 1.38% | -- | 1.86% | -- |
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 IGHG
- Intraday Ticker IGHG.IV
- CUSIP 74347B607
- Inception Date 11/5/13
- Unitary Expense Ratio 0.30%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 8/31/2022- Distribution Yield 3.39%
Distribution Yield represents the annualized yield based on the last income distribution.
- SEC 30-Day Yield 4.47%
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.
- Weighted Average Yield to
Maturity 4.97% - Net Effective Duration 0.02%
Price
as of 10/04/2022- NAV $68.40
- NAV Change $+0.38
- Market Price $0.00
- Market Price Change $0.00
- Trading Volume (M) 0
- 30-Day Median Bid Ask Spread 0.00%
- View Premium / Discount
Snapshot
- Ticker IGHG
- Intraday Ticker IGHG.IV
- CUSIP 74347B607
- Inception Date 11/5/13
- Unitary Expense Ratio 0.30%
- NAV Calculation Time 3:00 p.m. ET
- Distributions Monthly
Characteristics
as of 8/31/2022- Distribution Yield 3.39%
Distribution Yield represents the annualized yield based on the last income distribution.
- SEC 30-Day Yield 4.47%
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.
- Weighted Average Yield to Maturity 4.97%
- Net Effective Duration 0.02%
Price
as of 10/04/2022- NAV $68.40
- NAV Change $+0.38
- Market Price $0.00
- Market Price Change $0.00
- Trading Volume (M) 0
- 30-Day Median Bid Ask Spread 0.00%
- View Premium / Discount
Exposures
Index as of 6/30/2022
Holdings
as of 10/04/2022
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.79% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $7,232,046.67 | 7,819,000 | BYNWXZ6 |
| 1.76% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $7,091,790.69 | 6,774,000 | B39F3N0 |
| 1.73% | -- | HSBC HOLDINGS PLC | 4.95% | 03/31/2030 | -- | $6,971,730.13 | 7,478,000 | BLCC7J8 |
| 1.69% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $6,806,626.12 | 8,409,000 | BVVCSF2 |
| 1.65% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $6,644,980.16 | 6,510,000 | B43DYH8 |
| 1.43% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $5,783,161.26 | 5,451,000 | B1L80H6 |
| 1.41% | -- | IBM CORP | 3.50% | 05/15/2029 | -- | $5,702,935.65 | 6,200,000 | BFY97H3 |
| 1.34% | -- | MORGAN STANLEY | 4.30% | 01/27/2045 | -- | $5,390,684.02 | 6,577,000 | BVJXZY5 |
| 1.33% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $5,369,621.14 | 4,851,000 | B2RDM21 |
| 1.32% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $5,344,299.41 | 5,511,000 | B3B14R7 |
| 1.28% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $5,152,719.94 | 4,646,000 | B24FYQ8 |
| 1.27% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $5,109,582.08 | 5,934,000 | BY58YT3 |
| 1.24% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $5,016,169.77 | 5,820,000 | BYRLSF4 |
| 1.19% | -- | CITIGROUP INC | 4.13% | 07/25/2028 | -- | $4,815,357.17 | 5,244,000 | BYYKP97 |
| 1.19% | -- | ORACLE CORP | 5.38% | 07/15/2040 | -- | $4,808,637.55 | 5,556,000 | B7FNML7 |
| 1.19% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $4,795,505.00 | 4,589,000 | B57GT08 |
| 1.13% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $4,564,961.62 | 4,287,000 | B4YDXD6 |
| 1.11% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $4,486,769.39 | 4,660,000 | B2RK1T2 |
| 1.11% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $4,470,705.76 | 3,913,000 | B2RFJL5 |
| 1.02% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $4,106,559.69 | 6,373,000 | BLN8Y83 |
| 0.98% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $3,972,344.62 | 4,312,000 | BJTGHH7 |
| 0.95% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $3,848,357.74 | 3,460,000 | 2859233 |
| 0.95% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $3,822,328.08 | 4,592,000 | BG3KW02 |
| 0.94% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $3,798,984.17 | 3,117,000 | B65HZL3 |
| 0.85% | -- | WYETH LLC | 5.95% | 04/01/2037 | -- | $3,441,351.37 | 3,209,000 | B1VQ7M4 |
| 0.84% | -- | VODAFONE GROUP PLC | 5.25% | 05/30/2048 | -- | $3,387,729.95 | 3,970,000 | BYWFVF2 |
| 0.83% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $3,345,485.83 | 3,190,000 | BCRXKM7 |
| 0.83% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $3,333,153.29 | 3,785,000 | BYRLRK2 |
| 0.77% | -- | CONOCOPHILLIPS COMPANY | 6.95% | 04/15/2029 | -- | $3,101,356.58 | 2,801,000 | 5670055 |
| 0.76% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $3,077,884.73 | 3,252,000 | BYTRVR3 |
| 0.76% | -- | SPRINT CAPITAL CORP | 8.75% | 03/15/2032 | -- | $3,054,688.00 | 2,600,000 | 2964029 |
| 0.75% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $3,046,088.16 | 4,126,000 | BKVJXB7 |
| 0.74% | -- | SHELL INTERNATIONAL FIN | 5.50% | 03/25/2040 | -- | $2,981,463.39 | 2,949,000 | B4XNLW2 |
| 0.73% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $2,934,803.53 | 3,159,000 | BL98SN0 |
| 0.73% | -- | RAYTHEON TECH CORP | 4.50% | 06/01/2042 | -- | $2,933,060.25 | 3,315,000 | B86VSX1 |
| 0.72% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $2,922,342.20 | 2,895,000 | B170DG6 |
| 0.72% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $2,902,291.03 | 3,510,000 | BKY6S54 |
| 0.71% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $2,860,941.60 | 2,552,000 | BKPTBZ3 |
| 0.70% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $2,819,962.74 | 2,800,000 | B62V507 |
| 0.68% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $2,732,956.92 | 3,259,000 | BYQ29R7 |
| 0.68% | -- | MITSUBISHI UFJ FIN GRP | 3.74% | 03/07/2029 | -- | $2,729,880.07 | 3,004,000 | BJLRB98 |
| 0.67% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $2,721,224.57 | 3,466,000 | BF04KW8 |
| 0.67% | -- | TRANSCANADA PIPELINES | 7.63% | 01/15/2039 | -- | $2,699,653.04 | 2,370,000 | B3KV7R9 |
| 0.67% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $2,696,010.83 | 3,235,000 | B6Z7568 |
| 0.67% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $2,692,635.38 | 3,431,000 | BM9K8M2 |
| 0.67% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $2,687,675.70 | 2,283,000 | B242VX5 |
| 0.66% | -- | MITSUBISHI UFJ FIN GRP | 2.56% | 02/25/2030 | -- | $2,679,271.14 | 3,299,000 | BKMGBW4 |
| 0.66% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $2,673,966.59 | 2,503,000 | B3LVPV8 |
| 0.66% | -- | SUMITOMO MITSUI FINL GRP | 3.04% | 07/16/2029 | -- | $2,651,129.02 | 3,113,000 | BKBZGK5 |
| 0.64% | -- | SHELL INTERNATIONAL FIN | 4.38% | 05/11/2045 | -- | $2,599,612.66 | 3,010,000 | BXC5W74 |
| 0.62% | -- | COCA-COLA CO/THE | 2.60% | 06/01/2050 | -- | $2,518,386.62 | 3,791,000 | BKSJPS1 |
| 0.62% | -- | UNITEDHEALTH GROUP INC | 3.85% | 06/15/2028 | -- | $2,514,749.23 | 2,639,000 | BFWST65 |
| 0.62% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $2,514,595.38 | 3,204,000 | BD3RRJ6 |
| 0.61% | -- | APPLE INC | 3.85% | 05/04/2043 | -- | $2,448,097.67 | 2,824,000 | B8HTMS7 |
| 0.59% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $2,399,634.82 | 2,169,000 | B2418B9 |
| 0.59% | -- | NETFLIX INC | 4.88% | 04/15/2028 | -- | $2,390,787.55 | 2,510,000 | BG47ZP8 |
| 0.59% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $2,381,662.98 | 2,156,000 | B2NP6Q3 |
| 0.59% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $2,375,964.66 | 2,330,000 | B1Z54W6 |
| 0.58% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $2,354,746.53 | 2,453,000 | BF6DYK5 |
| 0.57% | -- | SPRINT CAPITAL CORP | 6.88% | 11/15/2028 | -- | $2,315,343.28 | 2,216,000 | 2327354 |
| 0.57% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $2,300,147.54 | 2,508,000 | BJZ7ZQ9 |
| 0.56% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $2,270,212.04 | 2,299,000 | B1HMKF0 |
| 0.56% | -- | WELLS FARGO & COMPANY | 4.65% | 11/04/2044 | -- | $2,261,196.97 | 2,755,000 | BS9FPF1 |
| 0.55% | -- | BANK OF AMERICA CORP | 5.00% | 01/21/2044 | -- | $2,238,965.29 | 2,512,000 | BJ3WDS4 |
| 0.55% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $2,227,369.37 | 2,205,000 | B1G7Y98 |
| 0.55% | -- | MERCEDES-BENZ FIN NA | 8.50% | 01/18/2031 | -- | $2,225,384.64 | 1,838,000 | B065ZJ2 |
| 0.55% | -- | IBM CORP | 4.00% | 06/20/2042 | -- | $2,224,890.26 | 2,720,000 | B8J5PR3 |
| 0.55% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $2,211,718.76 | 2,017,000 | B3KFDY0 |
| 0.54% | -- | MITSUBISHI UFJ FIN GRP | 4.05% | 09/11/2028 | -- | $2,192,592.92 | 2,375,000 | BFZZKD7 |
| 0.54% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $2,178,300.74 | 2,226,000 | B1SBFX9 |
| 0.53% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $2,152,588.32 | 2,374,000 | B4TV238 |
| 0.53% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $2,129,132.61 | 2,288,000 | BF22PM5 |
| 0.51% | -- | WELLS FARGO & COMPANY | 3.90% | 05/01/2045 | -- | $2,065,168.36 | 2,705,000 | BX2H0V0 |
| 0.51% | -- | UNITEDHEALTH GROUP INC | 4.75% | 07/15/2045 | -- | $2,060,622.57 | 2,240,000 | BYTRVP1 |
| 0.51% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $2,052,970.21 | 2,501,000 | BKRMRV8 |
| 0.48% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $1,956,871.55 | 2,333,000 | BNG28J5 |
| 0.48% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $1,948,523.62 | 2,138,000 | BMFVFK6 |
| 0.48% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $1,946,457.29 | 2,271,000 | BCZM189 |
| 0.48% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $1,943,931.10 | 2,398,000 | BKBQ3G3 |
| 0.47% | -- | METLIFE INC | 5.70% | 06/15/2035 | -- | $1,887,931.76 | 1,834,000 | B0BXDC0 |
| 0.46% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 08/04/2045 | -- | $1,854,032.71 | 2,115,000 | BYWZXG7 |
| 0.46% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $1,850,325.70 | 1,726,000 | B7N7040 |
| 0.46% | -- | CNOOC FINANCE 2015 US | 4.38% | 05/02/2028 | -- | $1,846,892.72 | 1,876,000 | BFNBKF9 |
| 0.46% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $1,844,660.10 | 2,544,000 | BFMYF65 |
| 0.45% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $1,829,518.83 | 1,970,000 | BLTZ7Y5 |
| 0.45% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $1,809,200.17 | 1,740,000 | B1FTHZ2 |
| 0.45% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $1,802,928.91 | 2,132,000 | B944GF7 |
| 0.44% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $1,791,040.34 | 1,941,000 | B92PSY5 |
| 0.44% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $1,789,883.29 | 1,798,000 | B7RB2F3 |
| 0.44% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $1,787,480.11 | 2,174,000 | BMFKVV6 |
| 0.44% | -- | BHP BILLITON FIN USA LTD | 4.13% | 02/24/2042 | -- | $1,783,487.67 | 2,061,000 | B5NNJ47 |
| 0.44% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $1,779,983.30 | 1,962,000 | BZ3FFJ0 |
| 0.44% | -- | TORONTO-DOMINION BANK | 4.46% | 06/08/2032 | -- | $1,777,384.45 | 1,905,000 | BQB7JS2 |
| 0.43% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $1,721,914.52 | 1,659,000 | 7392227 |
| 0.42% | -- | NETFLIX INC | 5.88% | 11/15/2028 | -- | $1,704,737.99 | 1,719,000 | BJRDX72 |
| 0.42% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $1,681,100.31 | 1,873,000 | BP8Y7Q3 |
| 0.40% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $1,634,529.90 | 1,777,000 | BDCMR69 |
| 0.40% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $1,620,741.88 | 1,601,000 | B44YJW0 |
| 0.39% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $1,592,870.97 | 1,872,000 | BFY9706 |
| 0.38% | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $1,527,554.77 | 1,879,000 | BW9JZD9 |
| 0.38% | -- | CREDIT SUISSE GROUP AG | 4.88% | 05/15/2045 | -- | $1,522,233.30 | 2,251,000 | BY4K810 |
| 0.38% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $1,521,022.02 | 1,534,000 | B5TZB18 |
| 0.38% | -- | PNC BANK NA | 4.05% | 07/26/2028 | -- | $1,519,412.42 | 1,625,000 | BZ0WL74 |
| 0.38% | -- | ING GROEP NV | 4.55% | 10/02/2028 | -- | $1,517,351.62 | 1,646,000 | BFZYYN2 |
| 0.37% | -- | BANCO SANTANDER SA | 3.31% | 06/27/2029 | -- | $1,509,427.52 | 1,750,000 | BKDK9G5 |
| 0.37% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $1,494,399.54 | 1,459,000 | B1YLTG4 |
| 0.37% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $1,493,464.41 | 1,491,000 | B3RZKK8 |
| 0.37% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $1,482,400.48 | 1,902,000 | BLPHW40 |
| 0.37% | -- | JPMORGAN CHASE & CO | 5.40% | 01/06/2042 | -- | $1,480,506.70 | 1,562,000 | B7FRRL4 |
| 0.36% | -- | WESTPAC BANKING CORP | 1.95% | 11/20/2028 | -- | $1,450,355.22 | 1,723,000 | BLD8TQ6 |
| 0.36% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $1,436,023.30 | 1,490,000 | B24FY35 |
| 0.35% | -- | HP INC | 6.00% | 09/15/2041 | -- | $1,393,615.65 | 1,558,000 | B5V6LS6 |
| 0.34% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $1,391,647.68 | 1,151,000 | B2Q1497 |
| 0.34% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $1,367,735.41 | 1,677,000 | BK6WV73 |
| 0.34% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $1,366,120.84 | 1,580,000 | BBD6G92 |
| 0.33% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $1,336,491.64 | 1,541,000 | B82MC25 |
| 0.33% | -- | BANCO SANTANDER SA | 4.38% | 04/12/2028 | -- | $1,316,383.46 | 1,456,000 | BD85LP9 |
| 0.32% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $1,309,414.01 | 1,456,000 | B57Y827 |
| 0.32% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $1,301,999.26 | 1,484,000 | B9D69N3 |
| 0.32% | -- | HALLIBURTON CO | 7.45% | 09/15/2039 | -- | $1,297,185.81 | 1,179,000 | B63S808 |
| 0.31% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $1,268,994.56 | 1,278,000 | B1VJP74 |
| 0.31% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $1,260,570.79 | 1,482,000 | BYYXY44 |
| 0.30% | -- | VODAFONE GROUP PLC | 4.38% | 05/30/2028 | -- | $1,220,905.47 | 1,273,000 | BYWFV85 |
| 0.30% | -- | TOTALENERGIES CAPITAL SA | 3.88% | 10/11/2028 | -- | $1,219,365.61 | 1,282,000 | BF5B2Y0 |
| 0.30% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $1,213,537.82 | 1,262,000 | B1G5DX9 |
| 0.30% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $1,209,391.25 | 1,612,000 | BF2TMG9 |
| 0.30% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $1,204,941.97 | 1,398,000 | B8HK5Z8 |
| 0.29% | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $1,180,011.68 | 1,514,000 | BSKDLG7 |
| 0.29% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $1,179,988.00 | 1,421,000 | B968SP1 |
| 0.29% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $1,168,720.87 | 1,289,000 | BL66P03 |
| 0.29% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $1,150,678.49 | 1,527,000 | BP8JVG6 |
| 0.27% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $1,094,375.94 | 1,229,000 | B8Y96M2 |
| 0.27% | -- | CNOOC PETROLEUM NORTH | 6.40% | 05/15/2037 | -- | $1,091,811.07 | 1,055,000 | B1WV0T6 |
| 0.27% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $1,083,164.37 | 1,269,000 | BY8L4X3 |
| 0.27% | -- | UNITEDHEALTH GROUP INC | 2.88% | 08/15/2029 | -- | $1,071,516.12 | 1,209,000 | BJMSS00 |
| 0.27% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $1,070,380.74 | 1,159,000 | BYZYSL1 |
| 0.26% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $1,048,319.61 | 1,114,000 | BGYY0D2 |
| 0.26% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $1,034,245.45 | 1,124,000 | BMMB3K5 |
| 0.26% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $1,033,237.92 | 1,075,000 | B43XY12 |
| 0.26% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $1,030,470.82 | 1,022,000 | B287YY8 |
| 0.26% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $1,029,605.46 | 1,029,000 | B1Z7WM8 |
| 0.25% | -- | ANHEUSER-BUSCH INBEV WOR | 3.75% | 07/15/2042 | -- | $1,026,421.36 | 1,314,000 | B86L4B1 |
| 0.25% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $1,025,386.35 | 1,138,000 | BXC5W85 |
| 0.25% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $1,020,994.79 | 925,000 | 4474021 |
| 0.25% | -- | PARAMOUNT GLOBAL | 4.38% | 03/15/2043 | -- | $1,007,424.05 | 1,441,000 | BCHWWF1 |
| 0.25% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $990,713.98 | 913,000 | B39XY20 |
| 0.24% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $982,658.80 | 908,000 | 7518926 |
| 0.24% | -- | ING GROEP NV | 4.05% | 04/09/2029 | -- | $971,681.98 | 1,086,000 | BJFFD58 |
| 0.24% | -- | CISCO SYSTEMS INC | 5.50% | 01/15/2040 | -- | $967,878.10 | 947,000 | B596Q94 |
| 0.24% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $951,032.02 | 1,163,000 | BDB2XM8 |
| 0.23% | -- | ELEVANCE HEALTH INC | 4.65% | 01/15/2043 | -- | $929,821.46 | 1,048,000 | B88F2Y0 |
| 0.21% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $856,823.72 | 863,000 | B1P61P1 |
| 0.20% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/10/2039 | -- | $823,575.00 | 834,000 | B5B54D9 |
| 0.20% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $821,337.86 | 1,259,000 | BLD9486 |
| 0.19% | -- | LLOYDS BANKING GROUP PLC | 4.55% | 08/16/2028 | -- | $772,980.86 | 843,000 | BDDJGY0 |
| 0.19% | -- | JEFFERIES GRP LLC / CAP | 4.15% | 01/23/2030 | -- | $760,348.94 | 877,000 | BD1DDP4 |
| 0.18% | -- | PRUDENTIAL PLC | 3.13% | 04/14/2030 | -- | $733,946.29 | 863,000 | BLB9HX4 |
| 0.18% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $720,106.94 | 881,000 | BLB6SW1 |
| 0.16% | -- | SUMITOMO MITSUI FINL GRP | 1.90% | 09/17/2028 | -- | $642,965.13 | 792,000 | BMHLCY7 |
| 0.15% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $619,952.01 | 681,000 | B62X8Y8 |
| 0.15% | -- | NOMURA HOLDINGS INC | 2.17% | 07/14/2028 | -- | $602,824.82 | 746,000 | BKSC6X2 |
| 0.15% | -- | ORACLE CORP | 6.13% | 07/08/2039 | -- | $602,010.47 | 638,000 | B3LR141 |
| 0.15% | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $592,328.06 | 662,000 | BYQNQH9 |
| 0.14% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $570,457.87 | 687,000 | BYM4WR8 |
| 0.14% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $545,065.74 | 728,000 | BNBYGX6 |
| 0.13% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $530,544.07 | 495,000 | B29SN65 |
| 0.12% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $493,254.78 | 637,000 | BL69JN3 |
| 0.12% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $477,476.59 | 434,000 | 2836399 |
| 0.11% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $452,709.46 | 557,000 | BMWC8Z8 |
| 0.11% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $441,854.73 | 561,000 | BN6LYH2 |
| 0.11% | -- | VERIZON COMMUNICATIONS | 4.33% | 09/21/2028 | -- | $434,399.01 | 453,000 | BGDQ891 |
| 0.11% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $424,769.01 | 504,000 | BMD7ZZ1 |
| 0.10% | -- | MITSUBISHI UFJ FIN GRP | 3.20% | 07/18/2029 | -- | $416,554.44 | 480,000 | BKFH1S0 |
| 0.10% | -- | TIME WARNER ENTERTAINMEN | 8.38% | 07/15/2033 | -- | $388,886.00 | 357,000 | 2727266 |
| 0.09% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $371,759.09 | 412,000 | B819DG8 |
| 0.08% | -- | VODAFONE GROUP PLC | 5.00% | 05/30/2038 | -- | $342,721.51 | 393,000 | BYWFVC9 |
| 0.07% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $264,995.73 | 341,000 | BMVPRG2 |
| 0.06% | -- | JPMORGAN CHASE & CO | 4.85% | 02/01/2044 | -- | $238,562.79 | 270,000 | BJ62ZG3 |
| 0.06% | -- | SUMITOMO MITSUI FINL GRP | 2.22% | 09/17/2031 | -- | $230,026.56 | 303,000 | BMHLCZ8 |
| 0.05% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $212,372.57 | 256,000 | BYT35M4 |
| 0.05% | -- | COCA-COLA CO/THE | 2.13% | 09/06/2029 | -- | $184,906.99 | 217,000 | BJBXY53 |
| 0.04% | -- | CITIGROUP INC | 8.13% | 07/15/2039 | -- | $179,952.23 | 148,000 | B3Q88R1 |
| 0.04% | -- | GLAXOSMITHKLINE CAP INC | 3.88% | 05/15/2028 | -- | $152,113.68 | 160,000 | BF108Q5 |
| 0.03% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $122,181.08 | 145,000 | BGLPFR7 |
| 0.02% | -- | WELLS FARGO & COMPANY | 4.40% | 06/14/2046 | -- | $97,543.34 | 123,000 | BYYYTZ3 |
| 0.01% | -- | COCA-COLA CO/THE | 1.38% | 03/15/2031 | -- | $37,413.31 | 48,000 | BLR6S70 |
| 0.01% | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $33,199.45 | 40,000 | BM9CQB3 |
| -- | -- | GOLDMAN SACHS GROUP INC | 6.13% | 02/15/2033 | -- | $14,399.32 | 14,000 | 2350640 |
| -- | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $12,230.69 | 13,000 | BM6NVC5 |
| -- | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $10,626.78 | 11,000 | BYZKXZ8 |
| -- | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $7,886.99 | 7,000 | B2PHBR3 |
| -- | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $5,754.90 | 8,000 | BSHZYC3 |
| -- | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $4,957.76 | 6,000 | B78K6L3 |
| -- | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $4,919.37 | 6,000 | BFY97C8 |
| -- | -- | PFIZER INC | 4.13% | 12/15/2046 | -- | $4,434.13 | 5,000 | BZ3FFH8 |
| -- | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $3,836.13 | 4,000 | BWXV3J3 |
| -- | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $2,654.95 | 3,000 | BCZQWS8 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $22,577,637.48 | 22,577,637 | -- |
| -5.92% | -- | US ULTRA BOND CBT BOND 20/DEC/2022 WNZ2 COMDTY | -- | -- | -23,881,125 | -- | -172 | -- |
| -26.91% | -- | US 10YR NOTE (CBT) BOND 20/DEC/2022 TYZ2 COMDTY | -- | -- | -108,619,500 | -- | -957 | -- |
| -59.45% | -- | US LONG BOND(CBT) BOND 20/DEC/2022 USZ2 COMDTY | -- | -- | -239,943,906 | -- | -1,865 | -- |
Index
as of 6/30/2022
- Total Number of Issues227
- Effective Duration0
- Modified Duration0.00 Years
- Weighted Average Maturity15.80 Years
- Weighted Average Coupon5.05%
About the Index
The index is comprised of (a) long positions in USD-denominated investment grade corporate bonds issued by both U.S. and foreign domiciled companies; and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration to the investment grade bonds. In entering these positions, the index seeks to achieve an overall effective duration of zero.
By taking short Treasury Security positions (of an aggregate dollar value not exceeding the aggregate dollar value of the fund's assets), the index seeks to mitigate the potential negative impact of rising Treasury interest rates ("interest rates") on the performance of investment grade bonds (conversely limiting the potential positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of investment grade bonds, such as credit risk, which may have a greater impact than rising or falling interest rates.
The long investment grade bond positions included in the index are designed to represent the more liquid universe of investment grade bonds offered within the United States. Currently, the bonds eligible for inclusion in the index include all investment grade bonds that are issued by U.S. and internationally domiciled companies that are: fixed rate; have a minimum rating of Baa3/BBB- by both Moody's Investors Service, Inc. ("Moody's") and Standard and Poor's Financial Services, LLC ("S&P"); have a minimum face amount outstanding of $1 billion; and have at least five and a half (5.5) years until maturity.
The index is reconstituted and rebalanced (including a reset of the interest rate hedge) on a monthly basis.
Distributions
For
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|