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.

Performance

Growth of $10,000

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% --

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 up caret
  • 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 up caret
  • 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

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Rising Rates Research & Insights

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For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

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.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is diversified and entails certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see summary and full prospectuses for a more complete description of risks.

IGHG does not attempt to mitigate factors other than rising Treasury interest rates that impact the price and yield of corporate bonds, such as changes to the market’s perceived underlying credit risk of the corporate entity. IGHG seeks to hedge investment grade bonds against the negative impact of rising rates by taking short positions in Treasury futures. These positions lose value as Treasury prices increase. The short positions are not intended to mitigate credit risk or other factors influencing the price of the bonds, which may have a greater impact than rising or falling interest rates. Investors may be better off in a long-only investment grade investment than investing in IGHG when interest rates remain unchanged or fall, as hedging may limit potential gains or increase losses. No hedge is perfect. Because the duration hedge is reset on a monthly basis, interest rate risk can develop intra-month, and there is no guarantee the short positions will completely eliminate interest rate risk. Furthermore, while IGHG seeks to achieve an effective duration of zero, the hedge cannot fully account for changes in the shape of the Treasury interest rate (yield) curve. IGHG may be more volatile than long-only investment grade bond investment. Performance of IGHG could be particularly poor if investment grade credit deteriorates at the same time that Treasury interest rates fall. There is no guarantee the fund will have positive returns.

Bonds will decrease in value as interest rates rise.

Short positions in a security lose value as that security's price increases.

The fund concentrates its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility.

"FTSE®" and "FTSE Corporate Investment Grade (Treasury Rate Hedged)" have been licensed for use by ProShares. FTSE is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by the FTSE International Limited ("FTSE") under license. ProShares have not been passed on by FTSE or its affiliates as to their legality or suitability. ProShares based on the FTSE Corporate Investment Grade (Treasury Rate Hedged) Index are not sponsored, endorsed, sold or promoted by FTSE or its affiliates, and they make no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

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