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 0.99% 2.95% 4.28% 4.24% 13.80% 4.52% 4.81% 3.08% 3.30% 11/05/2013
IGHG NAV 0.80% 2.70% 4.18% 4.26% 13.78% 4.54% 4.76% 3.15% 3.29% 11/05/2013
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index 0.79% 2.65% 4.48% 4.34% 14.09% 5.22% 5.13% 3.46% 3.66% --

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
    11/7/13
  • Expense Ratio
    0.30%
  • NAV Calculation Time
    3:00 p.m. ET
Characteristics
as of 5/31/2024
  • Number of Companies
    215
  • Price/Earnings Ratio
    --
  • Price/Book Ratio
    --

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Weighted Avg. Market Cap
    --

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

  • Weighted Average Yield to
    Maturity
    5.44%
  • Net Effective Duration
    0.28%
Price
as of 6/14/2024
  • NAV
    $76.09
  • NAV Change
    $-0.36 down caret
  • Market Price
    $76.09
  • Market Price Change
    $-0.21 down caret
  • Trading Volume (M)
    10,371
  • 30-Day Median Bid Ask Spread
    0.13%
  • View Premium / Discount
Snapshot
  • Ticker
    IGHG
  • Intraday Ticker
    IGHG.IV
  • CUSIP
    74347B607
  • Inception Date
    11/7/13
  • Expense Ratio
    0.30%
  • NAV Calculation Time
    3:00 p.m. ET
Characteristics
as of 5/31/2024
  • Number of Companies
    215
  • Price/Earnings Ratio
    --
  • Price/Book Ratio
    --

    Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.

  • Distribution Yield
    --

    Distribution Yield represents the annualized yield based on the last income distribution.

  • Weighted Avg. Market Cap
    --

    Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.

  • Weighted Average Yield to Maturity
    5.44%
  • Net Effective Duration
    0.28%
Price
as of 6/14/2024
  • NAV
    $76.09
  • NAV Change
    $-0.36 down caret
  • Market Price
    $76.09
  • Market Price Change
    $-0.21 down caret
  • Trading Volume (M)
    10,371
  • 30-Day Median Bid Ask Spread
    0.13%
  • View Premium / Discount

Exposures

Index as of 9/30/2022

Holdings

as of 6/14/2024

Weight Ticker Description Coupon Rate Maturity Date Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
1.70% -- MORGAN STANLEY 4.38% 01/22/2047 -- $4,668,502.85 5,325,000 BYM4WR8
1.70% -- JPMORGAN CHASE & CO 5.50% 10/15/2040 -- $4,659,446.33 4,548,000 B43XY12
1.56% -- APPLE INC 3.45% 02/09/2045 -- $4,271,075.83 5,357,000 BVVCSF2
1.47% -- PFIZER INC 7.20% 03/15/2039 -- $4,036,384.32 3,348,000 B65HZL3
1.46% -- GOLDMAN SACHS GROUP INC 6.25% 02/01/2041 -- $3,989,391.60 3,679,000 B43DYH8
1.39% -- BANK OF AMERICA CORP 5.88% 02/07/2042 -- $3,821,088.17 3,596,000 B6T0187
1.39% -- ORACLE CORP 6.50% 04/15/2038 -- $3,817,940.94 3,515,000 B2QR213
1.39% -- WELLS FARGO & COMPANY 5.61% 01/15/2044 -- $3,797,480.14 3,881,000 BJTGHH7
1.37% -- CISCO SYSTEMS INC 5.90% 02/15/2039 -- $3,763,029.99 3,474,000 B4YDXD6
1.33% -- ASTRAZENECA PLC 4.00% 09/18/2042 -- $3,653,309.77 4,255,000 B8C0348
1.13% -- IBM CORP 4.25% 05/15/2049 -- $3,099,598.88 3,712,000 BFY97C8
1.12% -- HSBC HOLDINGS PLC 6.50% 09/15/2037 -- $3,073,211.09 2,894,000 B24FY35
1.12% -- VODAFONE GROUP PLC 6.15% 02/27/2037 -- $3,067,658.53 2,877,000 B1SBFX9
1.02% -- VERIZON COMMUNICATIONS 4.50% 08/10/2033 -- $2,808,054.17 2,945,000 BF22PM5
1.02% -- BHP BILLITON FIN USA LTD 5.00% 09/30/2043 -- $2,807,437.82 2,927,000 BF6DYK5
1.01% -- RTX CORP 4.50% 06/01/2042 -- $2,770,092.68 3,113,000 B86VSX1
0.99% -- GLAXOSMITHKLINE CAP INC 6.38% 05/15/2038 -- $2,726,234.28 2,435,000 B2RDM21
0.99% -- JPMORGAN CHASE & CO 6.40% 05/15/2038 -- $2,719,621.54 2,422,000 B39F3N0
0.97% -- WELLS FARGO & COMPANY 4.90% 11/17/2045 -- $2,671,759.01 3,007,000 BYQ29R7
0.96% -- SHELL INTERNATIONAL FIN 3.75% 09/12/2046 -- $2,636,826.23 3,317,000 BD3RRJ6
0.96% -- BANCO SANTANDER SA 6.92% 08/08/2033 -- $2,635,036.51 2,498,000 BRF3T49
0.91% -- COCA-COLA CO/THE 1.65% 06/01/2030 -- $2,483,137.89 2,943,000 BKSJPV4
0.90% -- CITIGROUP INC 6.68% 09/13/2043 -- $2,464,123.43 2,221,000 BCRXKM7
0.90% -- PFIZER INC 4.00% 12/15/2036 -- $2,452,983.05 2,698,000 BZ3FFJ0
0.89% -- HOME DEPOT INC 5.88% 12/16/2036 -- $2,433,069.33 2,270,000 B1L80H6
0.88% -- CITIGROUP INC 4.75% 05/18/2046 -- $2,410,959.97 2,748,000 BDGLCL2
0.87% -- BARCLAYS PLC 5.25% 08/17/2045 -- $2,374,139.30 2,461,000 BYT35M4
0.83% -- SPRINT CAPITAL CORP 8.75% 03/15/2032 -- $2,266,259.69 1,869,000 2964029
0.81% -- SHELL INTERNATIONAL FIN 6.38% 12/15/2038 -- $2,216,673.44 1,975,000 B3KFDY0
0.81% -- VALE OVERSEAS LIMITED 6.88% 11/21/2036 -- $2,212,602.04 2,073,000 B1HMKF0
0.79% -- SUMITOMO MITSUI FINL GRP 5.71% 01/13/2030 -- $2,166,524.26 2,109,000 BNM9D17
0.79% -- MEDTRONIC INC 4.63% 03/15/2045 -- $2,161,577.77 2,330,000 BYZYSL1
0.78% -- ABBVIE INC 4.40% 11/06/2042 -- $2,146,140.70 2,395,000 BCZM189
0.78% -- AMERICA MOVIL SAB DE CV 6.13% 03/30/2040 -- $2,126,264.64 2,001,000 B62V507
0.75% -- TIME WARNER CABLE LLC 6.75% 06/15/2039 -- $2,050,495.30 2,076,000 B62X8Y8
0.75% -- SUMITOMO MITSUI FINL GRP 5.77% 01/13/2033 -- $2,047,233.27 1,963,000 BMTX144
0.74% -- TELEFONICA EMISIONES SAU 5.21% 03/08/2047 -- $2,037,263.32 2,239,000 BF04KW8
0.74% -- SOUTHERN COPPER CORP 6.75% 04/16/2040 -- $2,032,189.42 1,844,000 B57GT08
0.71% -- JOHN DEERE CAPITAL CORP 5.15% 09/08/2033 -- $1,953,721.27 1,925,000 BNSP609
0.71% -- TIME WARNER CABLE ENTRMN 8.38% 07/15/2033 -- $1,945,242.61 1,738,000 2727266
0.71% -- TELEFONICA EMISIONES SAU 7.05% 06/20/2036 -- $1,943,835.43 1,765,000 B170DG6
0.70% -- ALLY FINANCIAL INC 8.00% 11/01/2031 -- $1,925,229.32 1,732,000 B3LVPV8
0.69% -- GENERAL MOTORS CO 6.25% 10/02/2043 -- $1,878,969.81 1,843,000 BP8Y7Q3
0.68% -- BANK OF AMERICA CORP 7.75% 05/14/2038 -- $1,875,120.91 1,546,000 B2RFJL5
0.68% -- ROYAL BANK OF CANADA 5.15% 02/01/2034 -- $1,852,665.50 1,848,000 BRF20R6
0.67% -- KINDER MORGAN ENER PART 6.95% 01/15/2038 -- $1,839,323.05 1,673,000 B1Z54W6
0.65% -- WALT DISNEY COMPANY/THE 2.65% 01/13/2031 -- $1,791,561.83 2,036,000 BMD7ZZ1
0.63% -- PHILIP MORRIS INTL INC 6.38% 05/16/2038 -- $1,715,262.38 1,578,000 B2RK1T2
0.62% -- GOLDMAN SACHS GROUP INC 5.15% 05/22/2045 -- $1,707,031.53 1,788,000 BY58YT3
0.62% -- ALTRIA GROUP INC 5.38% 01/31/2044 -- $1,696,614.79 1,775,000 BG3KW02
0.61% -- BERKSHIRE HATHAWAY ENERG 6.13% 04/01/2036 -- $1,658,885.80 1,555,000 B1FTHZ2
0.61% -- CONOCOPHILLIPS 6.50% 02/01/2039 -- $1,658,869.70 1,485,000 B4T4431
0.60% -- CANADIAN NATL RESOURCES 6.25% 03/15/2038 -- $1,651,634.47 1,579,000 B1VJP74
0.59% -- VERIZON COMMUNICATIONS 4.52% 09/15/2048 -- $1,621,612.87 1,840,000 BYRLSF4
0.59% -- MERCEDES-BENZ FIN NA 8.50% 01/18/2031 -- $1,613,994.57 1,341,000 B065ZJ2
0.59% -- TORONTO-DOMINION BANK 4.46% 06/08/2032 -- $1,607,548.87 1,685,000 BQB7JS2
0.58% -- FORD MOTOR COMPANY 7.45% 07/16/2031 -- $1,584,638.23 1,459,000 5733992
0.57% -- NOVARTIS CAPITAL CORP 4.40% 05/06/2044 -- $1,574,425.94 1,725,000 BJZ7ZQ9
0.57% -- UNITEDHEALTH GROUP INC 2.00% 05/15/2030 -- $1,569,140.50 1,838,000 BMFKVV6
0.57% -- APPLE INC 4.38% 05/13/2045 -- $1,560,775.20 1,713,000 BXC5WP2
0.57% -- METLIFE INC 4.88% 11/13/2043 -- $1,558,733.69 1,675,000 BGDXK74
0.57% -- PROCTER & GAMBLE CO/THE 1.20% 10/29/2030 -- $1,552,578.94 1,894,000 BN6LYH2
0.56% -- WALT DISNEY COMPANY/THE 6.65% 11/15/2037 -- $1,541,245.63 1,349,000 BKPTBZ3
0.56% -- WESTPAC BANKING CORP 3.13% 11/18/2041 -- $1,533,490.76 2,131,000 BLD9486
0.56% -- OCCIDENTAL PETROLEUM COR 6.45% 09/15/2036 -- $1,527,816.98 1,444,000 BK8VN61
0.56% -- ROYAL BANK OF CANADA 2.30% 11/03/2031 -- $1,520,877.38 1,812,000 BM9K8M2
0.55% -- SHELL INTERNATIONAL FIN 4.13% 05/11/2035 -- $1,509,411.89 1,622,000 BXC5W85
0.54% -- PHILIP MORRIS INTL INC 4.25% 11/10/2044 -- $1,491,080.62 1,796,000 BSHZYC3
0.54% -- UBS GROUP AG 4.88% 05/15/2045 -- $1,489,771.73 1,620,000 BPX2D53
0.53% -- PARAMOUNT GLOBAL 4.38% 03/15/2043 -- $1,446,009.68 2,104,000 BCHWWF1
0.53% -- TRANSCANADA PIPELINES 6.20% 10/15/2037 -- $1,439,992.70 1,372,000 B287YY8
0.52% -- PHILLIPS 66 5.88% 05/01/2042 -- $1,437,409.58 1,390,000 B7RB2F3
0.51% -- HSBC HOLDINGS PLC 6.50% 05/02/2036 -- $1,409,763.70 1,325,000 B13VN63
0.51% -- WALT DISNEY COMPANY/THE 3.80% 03/22/2030 -- $1,396,418.65 1,467,000 BL98SN0
0.51% -- UNITED PARCEL SERVICE 6.20% 01/15/2038 -- $1,386,529.35 1,256,000 B2NP6Q3
0.50% -- COOPERATIEVE RABOBANK UA 5.25% 05/24/2041 -- $1,373,517.15 1,358,000 B44YJW0
0.49% -- GOLDMAN SACHS GROUP INC 6.75% 10/01/2037 -- $1,340,351.76 1,227,000 B283338
0.48% -- CATERPILLAR INC 3.80% 08/15/2042 -- $1,326,172.40 1,601,000 B944GF7
0.48% -- TELEFONICA EUROPE BV 8.25% 09/15/2030 -- $1,324,373.87 1,161,000 4474021
0.48% -- BANCO SANTANDER SA 6.94% 11/07/2033 -- $1,323,697.07 1,200,000 BQ6C3K2
0.48% -- JOHNSON & JOHNSON 5.95% 08/15/2037 -- $1,318,510.93 1,193,000 B2418B9
0.47% -- VERIZON COMMUNICATIONS 4.81% 03/15/2039 -- $1,280,288.36 1,355,000 BDFLJN4
0.46% -- COCA-COLA CO/THE 3.45% 03/25/2030 -- $1,259,423.84 1,340,000 BLTZ7Y5
0.46% -- BERKSHIRE HATHAWAY INC 4.50% 02/11/2043 -- $1,249,558.98 1,319,000 B819DG8
0.46% -- COCA-COLA CO/THE 3.00% 03/05/2051 -- $1,247,572.72 1,794,000 BNTDCD7
0.45% -- VALERO ENERGY CORP 6.63% 06/15/2037 -- $1,243,600.90 1,146,000 B1YLTG4
0.45% -- SOUTHERN COPPER CORP 5.88% 04/23/2045 -- $1,243,005.25 1,248,000 BWXV3J3
0.45% -- UNITED AIR 2023-1 A PTT 5.80% 01/15/2036 -- $1,242,247.21 1,223,000 --
0.45% -- COOPERATIEVE RABOBANK UA 5.25% 08/04/2045 -- $1,232,595.39 1,267,000 BYWZXG7
0.44% -- MITSUBISHI UFJ FIN GRP 2.05% 07/17/2030 -- $1,211,219.94 1,439,000 BL69JN3
0.44% -- ANHEUSER-BUSCH INBEV WOR 4.95% 01/15/2042 -- $1,208,813.96 1,262,000 BDCMR69
0.44% -- GENERAL ELECTRIC CO 6.75% 03/15/2032 -- $1,202,429.63 1,088,000 2859233
0.43% -- COCA-COLA CO/THE 2.50% 03/15/2051 -- $1,171,662.00 1,872,000 BLN8Y83
0.43% -- SUNCOR ENERGY INC 6.50% 06/15/2038 -- $1,168,662.12 1,094,000 B1Z7WM8
0.42% -- SUMITOMO MITSUI FINL GRP 6.18% 07/13/2043 -- $1,155,877.75 1,037,000 BRF2J57
0.42% -- HSBC HOLDINGS PLC 5.25% 03/14/2044 -- $1,145,501.43 1,202,000 BKJL6Z0
0.42% -- HESS CORP 5.60% 02/15/2041 -- $1,138,682.87 1,122,000 B4TV238
0.41% -- MITSUBISHI UFJ FIN GRP 3.75% 07/18/2039 -- $1,136,896.77 1,327,000 BKFH1R9
0.41% -- HP INC 6.00% 09/15/2041 -- $1,134,325.95 1,086,000 B5V6LS6
0.41% -- ASTRAZENECA PLC 6.45% 09/15/2037 -- $1,123,839.32 992,000 B24FYQ8
0.40% -- MORGAN STANLEY 6.38% 07/24/2042 -- $1,109,542.76 990,000 B7N7040
0.40% -- BANK OF NOVA SCOTIA 4.85% 02/01/2030 -- $1,095,571.17 1,106,000 BPP33C1
0.40% -- KRAFT HEINZ FOODS CO 5.00% 06/04/2042 -- $1,094,992.55 1,178,000 B8Y96M2
0.39% -- FIFTH THIRD BANCORP 8.25% 03/01/2038 -- $1,057,612.56 887,000 B2Q1497
0.38% -- RIO TINTO FIN USA LTD 5.20% 11/02/2040 -- $1,047,375.16 1,051,000 B5TZB18
0.38% -- COMCAST CORP 4.25% 01/15/2033 -- $1,038,142.29 1,097,000 B92PSY5
0.38% -- IBM CORP 4.00% 06/20/2042 -- $1,036,151.90 1,243,000 B8J5PR3
0.37% -- LLOYDS BANKING GROUP PLC 4.34% 01/09/2048 -- $1,027,142.02 1,283,000 BFMYF65
0.37% -- COOPERATIEVE RABOBANK UA 5.75% 12/01/2043 -- $1,014,955.79 1,001,000 BGYY0D2
0.37% -- MEDTRONIC INC 4.38% 03/15/2035 -- $1,006,280.98 1,052,000 BYP6GR9
0.37% -- COCA-COLA CO/THE 2.25% 01/05/2032 -- $1,004,575.76 1,183,000 BLF8XX9
0.36% -- NOMURA HOLDINGS INC 2.68% 07/16/2030 -- $998,660.81 1,161,000 BMVPRG2
0.36% -- BANCO SANTANDER SA 3.49% 05/28/2030 -- $997,724.24 1,106,000 BLB6SW1
0.36% -- GE CAPITAL INTL FUNDING 4.42% 11/15/2035 -- $990,396.53 1,059,000 BYNWXZ6
0.35% -- MERCK & CO INC 4.15% 05/18/2043 -- $967,512.05 1,114,000 B9D69N3
0.35% -- SHELL INTERNATIONAL FIN 4.00% 05/10/2046 -- $961,456.51 1,165,000 BDB2XM8
0.35% -- NOMURA HOLDINGS INC 3.10% 01/16/2030 -- $961,381.77 1,080,000 BKRMRV8
0.35% -- VODAFONE GROUP PLC 4.25% 09/17/2050 -- $956,576.41 1,186,000 BKVJXB7
0.35% -- BAKER HUGHES HLDGS LLC 5.13% 09/15/2040 -- $954,763.76 984,000 B57Y827
0.35% -- TOYOTA MOTOR CREDIT CORP 3.38% 04/01/2030 -- $953,504.42 1,028,000 BL66P03
0.35% -- BANK OF AMERICA NA 6.00% 10/15/2036 -- $948,193.93 894,000 B1G7Y98
0.35% -- MOLSON COORS BEVERAGE 5.00% 05/01/2042 -- $947,528.91 1,017,000 B82MC25
0.34% -- UNITEDHEALTH GROUP INC 4.63% 07/15/2035 -- $938,091.67 964,000 BYTRVR3
0.34% -- DUKE ENERGY FLORIDA LLC 6.40% 06/15/2038 -- $927,277.68 850,000 B39XY20
0.34% -- VERIZON COMMUNICATIONS 5.25% 03/16/2037 -- $918,278.00 915,000 BYZKXZ8
0.33% -- LOCKHEED MARTIN CORP 4.07% 12/15/2042 -- $916,801.20 1,062,000 BBD6G92
0.33% -- KINDER MORGAN INC 7.75% 01/15/2032 -- $912,223.23 801,000 2836399
0.32% -- TELEFONICA EMISIONES SAU 4.90% 03/06/2048 -- $888,359.51 1,025,000 BF2TMG9
0.32% -- GOLDMAN SACHS GROUP INC 6.13% 02/15/2033 -- $877,591.49 823,000 2350640
0.32% -- PRUDENTIAL FUNDING ASIA 3.13% 04/14/2030 -- $865,605.81 961,000 BPJLBD8
0.31% -- CITIGROUP INC 6.63% 06/15/2032 -- $855,284.86 796,000 7392227
0.31% -- ROYAL BANK OF CANADA 5.00% 02/01/2033 -- $839,136.87 842,000 BQ3Q0J5
0.31% -- TOYOTA MOTOR CREDIT CORP 5.55% 11/20/2030 -- $836,551.34 808,000 BP0VPB3
0.30% -- JEFFERIES FIN GROUP INC 4.15% 01/23/2030 -- $833,794.63 892,000 BD1DDP4
0.30% -- ASCENSION HEALTH 3.95% 11/15/2046 -- $833,181.09 974,000 BYYXY44
0.30% -- PROCTER & GAMBLE CO/THE 3.00% 03/25/2030 -- $832,216.58 899,000 BMFVFK6
0.30% -- AMERICAN EXPRESS CO 4.05% 12/03/2042 -- $829,438.75 975,000 B968SP1
0.30% -- METLIFE INC 5.70% 06/15/2035 -- $829,412.06 798,000 B0BXDC0
0.30% -- WALMART INC 6.50% 08/15/2037 -- $817,739.15 710,000 B242VX5
0.29% -- APPLE INC 4.45% 05/06/2044 -- $796,458.25 843,000 BM6NVC5
0.29% -- WESTPAC BANKING CORP 2.15% 06/03/2031 -- $794,299.88 941,000 BMWC8Z8
0.28% -- GEORGIA POWER CO 4.30% 03/15/2042 -- $774,052.95 885,000 B78K6L3
0.28% -- TARGET CORP 4.00% 07/01/2042 -- $770,406.53 894,000 B8HK5Z8
0.28% -- UNITEDHEALTH GROUP INC 6.88% 02/15/2038 -- $767,796.32 660,000 B2PHBR3
0.28% -- EATON CORP 4.15% 11/02/2042 -- $757,922.42 869,000 BGLPFR7
0.27% -- TORONTO-DOMINION BANK 3.20% 03/10/2032 -- $746,859.62 854,000 BNG28J5
0.27% -- JOHN DEERE CAPITAL CORP 4.70% 06/10/2030 -- $739,012.99 741,000 BRBD8Z7
0.27% -- MIZUHO FINANCIAL GROUP 2.56% 09/13/2031 -- $729,186.50 882,000 BNBYGX6
0.26% -- FORD MOTOR COMPANY 4.75% 01/15/2043 -- $724,178.71 874,000 B8H94Y7
0.26% -- NOMURA HOLDINGS INC 2.61% 07/14/2031 -- $722,759.56 868,000 BP8JVG6
0.25% -- IBM CORP 4.15% 05/15/2039 -- $674,048.65 771,000 BFY9706
0.23% -- BANK OF AMERICA CORP 5.00% 01/21/2044 -- $642,967.44 667,000 BJ3WDS4
0.22% -- WELLS FARGO & COMPANY 4.75% 12/07/2046 -- $604,789.49 698,000 BDSFRX9
0.22% -- BANK OF AMERICA CORP 6.11% 01/29/2037 -- $595,931.15 561,000 B1P61P1
0.21% -- WILLIAMS COMPANIES INC 6.30% 04/15/2040 -- $585,925.25 556,000 B3RZKK8
0.21% -- MITSUBISHI UFJ FIN GRP 2.56% 02/25/2030 -- $573,945.56 654,000 BKMGBW4
0.20% -- SHELL INTERNATIONAL FIN 4.55% 08/12/2043 -- $557,408.80 610,000 BCZQWS8
0.20% -- PROCTER & GAMBLE CO/THE 1.95% 04/23/2031 -- $539,985.69 631,000 BM9CQB3
0.20% -- SUMITOMO MITSUI FINL GRP 2.75% 01/15/2030 -- $536,805.03 607,000 BKY6S54
0.19% -- AMERICA MOVIL SAB DE CV 4.38% 07/16/2042 -- $529,297.41 608,000 B6Z7568
0.19% -- UNILEVER CAPITAL CORP 5.90% 11/15/2032 -- $509,706.42 473,000 7518926
0.18% -- CITIGROUP INC 8.13% 07/15/2039 -- $489,309.62 386,000 B3Q88R1
0.16% -- PARAMOUNT GLOBAL 6.88% 04/30/2036 -- $443,592.85 462,000 B1G5DX9
0.16% -- WALMART INC 5.25% 09/01/2035 -- $429,109.73 411,000 B0J45R4
0.15% -- VODAFONE GROUP PLC 5.25% 05/30/2048 -- $402,244.37 420,000 BYWFVF2
0.14% -- WELLS FARGO BANK NA 6.60% 01/15/2038 -- $393,929.17 352,000 B29SN65
0.14% -- GENERAL MOTORS CO 5.20% 04/01/2045 -- $382,631.05 426,000 BSKDLG7
0.14% -- SUMITOMO MITSUI FINL GRP 2.13% 07/08/2030 -- $376,660.96 447,000 BLPHW40
0.13% -- ELEVANCE HEALTH INC 4.65% 01/15/2043 -- $363,811.51 404,000 B88F2Y0
0.13% -- TIME WARNER CABLE LLC 6.55% 05/01/2037 -- $360,248.64 375,000 B28WMV6
0.12% -- VERIZON COMMUNICATIONS 4.27% 01/15/2036 -- $336,173.19 365,000 BYRLRK2
0.11% -- WESTPAC BANKING CORP 4.42% 07/24/2039 -- $297,588.72 331,000 BKBQ3G3
0.11% -- TRANSCANADA PIPELINES 7.63% 01/15/2039 -- $295,939.55 250,000 B3KV7R9
0.10% -- JPMORGAN CHASE & CO 4.95% 06/01/2045 -- $284,113.03 298,000 BY8L4X3
0.10% -- VERIZON COMMUNICATIONS 4.86% 08/21/2046 -- $283,328.83 303,000 BWC4YL2
0.10% -- TIME WARNER CABLE LLC 7.30% 07/01/2038 -- $283,032.99 276,000 B3B14R7
0.10% -- ASTRAZENECA PLC 4.38% 11/16/2045 -- $267,324.06 300,000 BYQNQH9
0.09% -- JPMORGAN CHASE & CO 5.40% 01/06/2042 -- $250,230.13 248,000 B7FRRL4
0.09% -- JPMORGAN CHASE & CO 4.85% 02/01/2044 -- $238,045.80 250,000 BJ62ZG3
0.08% -- UNITEDHEALTH GROUP INC 4.75% 07/15/2045 -- $232,822.54 250,000 BYTRVP1
0.08% -- COCA-COLA CO/THE 2.60% 06/01/2050 -- $226,425.23 354,000 BKSJPS1
0.07% -- TWDC ENTERPRISES 18 CORP 4.13% 06/01/2044 -- $192,561.38 227,000 BN459D7
0.06% -- WESTPAC BANKING CORP 2.96% 11/16/2040 -- $173,302.50 242,000 BMX5050
0.06% -- APPLE INC 3.85% 05/04/2043 -- $171,165.50 200,000 B8HTMS7
0.06% -- WYETH LLC 5.95% 04/01/2037 -- $165,008.37 154,000 B1VQ7M4
0.04% -- VODAFONE GROUP PLC 4.88% 06/19/2049 -- $120,258.25 134,000 BK6WV73
0.04% -- CISCO SYSTEMS INC 5.50% 01/15/2040 -- $101,528.86 98,000 B596Q94
0.03% -- WELLS FARGO & COMPANY 4.65% 11/04/2044 -- $89,530.39 104,000 BS9FPF1
0.03% -- ORACLE CORP 6.13% 07/08/2039 -- $87,314.97 83,000 B3LR141
0.03% -- COCA-COLA CO/THE 2.50% 06/01/2040 -- $71,898.09 100,000 BKSJPT2
0.02% -- PFIZER INC 4.40% 05/15/2044 -- $41,801.39 46,000 BMMB3K5
0.01% -- VALE OVERSEAS LIMITED 6.88% 11/10/2039 -- $37,409.23 35,000 B5B54D9
-- -- BHP BILLITON FIN USA LTD 4.13% 02/24/2042 -- $7,862.26 9,000 B5NNJ47
-- -- METLIFE INC 4.05% 03/01/2045 -- $6,584.11 8,000 BW9JZD9
-- -- SHELL INTERNATIONAL FIN 4.38% 05/11/2045 -- $3,510.10 4,000 BXC5W74
-- -- MORGAN STANLEY 4.30% 01/27/2045 -- $871.68 1,000 BVJXZY5
-- -- NET OTHER ASSETS (LIABILITIES) -- -- -- $13,681,395.00 13,681,395 --
-5.31% -- US ULTRA BOND CBT BOND 19/SEP/2024 WNU4 COMDTY -- -- -14,552,281 -- -113 --
-22.57% -- US 10YR NOTE (CBT) BOND 19/SEP/2024 TYU4 COMDTY -- -- -61,850,813 -- -558 --
-64.30% -- US LONG BOND(CBT) BOND 19/SEP/2024 USU4 COMDTY -- -- -176,200,063 -- -1,463 --

Index

as of 3/28/2024

  • Total Number of Issues214
  • Long Portfolio Duration9.90
  • Net Effective Duration-0.04
  • Long Portfolio Yield5.41
  • Net Index Yield6.55
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 Insights and Research

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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 capital gain 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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