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.
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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 | 0.03% | -0.67% | 5.20% | 1.85% | 5.72% | 5.11% | 2.19% | -- | 2.25% | 11/05/2013 |
| IGHG NAV | 0.53% | -0.27% | 5.40% | 1.98% | 5.41% | 4.75% | 2.19% | -- | 2.24% | 11/05/2013 |
| FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.26% | -1.35% | 4.13% | 0.27% | 4.39% | 4.87% | 2.09% | -- | 2.38% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| IGHG Market Price | -0.13% | 1.82% | 7.70% | 1.82% | 3.43% | 6.56% | 2.19% | -- | 2.26% | 11/05/2013 |
| IGHG NAV | -0.53% | 1.45% | 7.37% | 1.45% | 2.69% | 6.29% | 2.14% | -- | 2.20% | 11/05/2013 |
| FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | -1.04% | 0.02% | 6.42% | 0.02% | 2.08% | 6.36% | 2.08% | -- | 2.38% | -- |
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 4/30/2023- Number of Companies --
- 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 5.06%
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.
- SEC 30-Day Yield 4.79%
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 4.99% - Net Effective Duration 0.07%
Price
as of 5/26/2023- NAV $71.55
- NAV Change $+0.11
- Market Price $71.63
- Market Price Change $+0.09
- Trading Volume (M) 12,435
- 30-Day Median Bid Ask Spread 0.23%
- 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 4/30/2023- Number of Companies --
- 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 5.06%
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.
- SEC 30-Day Yield 4.79%
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 4.99%
- Net Effective Duration 0.07%
Price
as of 5/26/2023- NAV $71.55
- NAV Change $+0.11
- Market Price $71.63
- Market Price Change $+0.09
- Trading Volume (M) 12,435
- 30-Day Median Bid Ask Spread 0.23%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 5/26/2023
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 2.07% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $6,605,995.15 | 8,009,000 | BVVCSF2 |
| 1.87% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $5,952,903.96 | 5,658,000 | B43DYH8 |
| 1.82% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $5,812,532.86 | 5,834,000 | B43XY12 |
| 1.81% | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $5,759,641.55 | 6,978,000 | BFY97C8 |
| 1.65% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $5,258,328.97 | 6,149,000 | BYM4WR8 |
| 1.48% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $4,699,875.05 | 5,520,000 | BYRLSF4 |
| 1.37% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $4,372,473.42 | 4,169,000 | B2QR213 |
| 1.34% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $4,253,673.51 | 4,518,000 | BJTGHH7 |
| 1.31% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $4,173,535.01 | 4,063,000 | B24FY35 |
| 1.27% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $4,046,343.66 | 3,306,000 | B65HZL3 |
| 1.23% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $3,907,930.27 | 3,610,000 | B4YDXD6 |
| 1.22% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $3,890,660.17 | 3,776,000 | B6T0187 |
| 1.11% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $3,531,701.20 | 4,075,000 | B8C0348 |
| 1.09% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $3,477,150.62 | 3,613,000 | BF6DYK5 |
| 1.05% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $3,349,439.49 | 3,421,000 | BGYY0D2 |
| 1.05% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $3,345,445.93 | 4,241,000 | BD3RRJ6 |
| 1.04% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $3,305,246.76 | 3,130,000 | BCRXKM7 |
| 1.03% | -- | SPRINT CAPITAL CORP | 6.88% | 11/15/2028 | -- | $3,270,110.35 | 3,083,000 | 2327354 |
| 1.02% | -- | CONOCOPHILLIPS COMPANY | 6.95% | 04/15/2029 | -- | $3,237,497.65 | 2,935,000 | 5670055 |
| 1.00% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $3,179,243.52 | 4,108,000 | BKVJXB7 |
| 0.99% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $3,149,634.73 | 2,920,000 | B1L80H6 |
| 0.99% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $3,147,118.51 | 3,923,000 | BM9K8M2 |
| 0.97% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $3,091,492.25 | 2,741,000 | B2RDM21 |
| 0.95% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $3,031,966.01 | 3,525,000 | BFY9706 |
| 0.95% | -- | RAYTHEON TECH CORP | 4.50% | 06/01/2042 | -- | $3,019,122.98 | 3,359,000 | B86VSX1 |
| 0.94% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $2,981,313.74 | 3,590,000 | BKSJPV4 |
| 0.93% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $2,971,230.82 | 3,570,000 | BF04KW8 |
| 0.91% | -- | COCA-COLA CO/THE | 2.13% | 09/06/2029 | -- | $2,893,391.03 | 3,325,000 | BJBXY53 |
| 0.91% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $2,885,431.50 | 2,478,000 | B2RFJL5 |
| 0.90% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $2,861,493.02 | 3,334,000 | BYQ29R7 |
| 0.85% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $2,712,064.11 | 2,959,000 | BZ3FFJ0 |
| 0.83% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $2,635,798.50 | 2,435,000 | B57GT08 |
| 0.82% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $2,621,402.32 | 2,385,000 | B3KFDY0 |
| 0.80% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $2,547,848.12 | 2,504,000 | B287YY8 |
| 0.80% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $2,542,991.45 | 2,982,000 | BNG28J5 |
| 0.80% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $2,535,220.81 | 2,443,000 | B1HMKF0 |
| 0.78% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $2,489,558.20 | 2,760,000 | BYT35M4 |
| 0.78% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $2,477,689.57 | 2,873,000 | BCZM189 |
| 0.77% | -- | CITIGROUP INC | 4.75% | 05/18/2046 | -- | $2,464,740.69 | 2,965,000 | BDGLCL2 |
| 0.76% | -- | MITSUBISHI UFJ FIN GRP | 3.74% | 03/07/2029 | -- | $2,427,371.67 | 2,619,000 | BJLRB98 |
| 0.75% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $2,399,739.94 | 2,346,000 | B1SBFX9 |
| 0.75% | -- | METLIFE INC | 4.88% | 11/13/2043 | -- | $2,386,302.26 | 2,693,000 | BGDXK74 |
| 0.75% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $2,378,190.43 | 2,588,000 | BMFVFK6 |
| 0.73% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $2,325,466.96 | 2,067,000 | BKPTBZ3 |
| 0.73% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $2,314,952.29 | 2,784,000 | BKFH1R9 |
| 0.66% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $2,104,014.47 | 2,257,000 | BP8Y7Q3 |
| 0.65% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $2,074,566.70 | 1,783,000 | B242VX5 |
| 0.63% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $2,018,138.53 | 1,840,000 | B39F3N0 |
| 0.63% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $2,010,655.81 | 1,958,000 | B3LVPV8 |
| 0.63% | -- | NETFLIX INC | 5.88% | 11/15/2028 | -- | $1,997,554.76 | 1,951,000 | BJRDX72 |
| 0.63% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $1,996,660.34 | 2,055,000 | BYZKXZ8 |
| 0.61% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $1,951,242.51 | 1,670,000 | B2PHBR3 |
| 0.61% | -- | MERCEDES-BENZ FIN NA | 8.50% | 01/18/2031 | -- | $1,950,771.83 | 1,575,000 | B065ZJ2 |
| 0.61% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $1,945,794.46 | 2,402,000 | BLPHW40 |
| 0.61% | -- | SUMITOMO MITSUI FINL GRP | 5.71% | 01/13/2030 | -- | $1,931,080.69 | 1,905,000 | BNM9D17 |
| 0.60% | -- | TIME WARNER CABLE ENTRMN | 8.38% | 07/15/2033 | -- | $1,911,589.92 | 1,744,000 | 2727266 |
| 0.60% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $1,905,434.69 | 2,048,000 | BJZ7ZQ9 |
| 0.59% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $1,864,760.61 | 1,765,000 | B2RK1T2 |
| 0.58% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $1,851,515.82 | 2,043,000 | BY58YT3 |
| 0.57% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $1,831,064.07 | 2,131,000 | BMD7ZZ1 |
| 0.57% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $1,806,796.75 | 2,722,000 | BLD9486 |
| 0.56% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $1,794,525.83 | 1,636,000 | B2NP6Q3 |
| 0.55% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $1,764,823.29 | 1,848,000 | BYP6GR9 |
| 0.55% | -- | OCCIDENTAL PETROLEUM COR | 6.45% | 09/15/2036 | -- | $1,759,996.23 | 1,761,000 | BK8VN61 |
| 0.55% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $1,741,781.96 | 1,841,000 | B92PSY5 |
| 0.55% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $1,741,560.06 | 1,916,000 | BG3KW02 |
| 0.54% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $1,735,686.30 | 1,659,000 | B62V507 |
| 0.54% | -- | COCA-COLA CO/THE | 2.25% | 01/05/2032 | -- | $1,728,446.95 | 2,043,000 | BLF8XX9 |
| 0.54% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $1,717,459.30 | 1,483,000 | 4474021 |
| 0.54% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $1,713,137.11 | 1,826,000 | B62X8Y8 |
| 0.53% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $1,703,697.11 | 1,603,000 | B1FTHZ2 |
| 0.53% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $1,685,065.04 | 1,805,000 | BF22PM5 |
| 0.53% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $1,676,996.24 | 1,776,000 | BYZYSL1 |
| 0.52% | -- | CREDIT SUISSE GROUP AG | 4.88% | 05/15/2045 | -- | $1,647,952.21 | 2,005,000 | BY4K810 |
| 0.51% | -- | ING GROEP NV | 4.05% | 04/09/2029 | -- | $1,630,893.82 | 1,767,000 | BJFFD58 |
| 0.49% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $1,575,756.68 | 1,568,000 | B3B14R7 |
| 0.49% | -- | CNOOC PETROLEUM NORTH | 6.40% | 05/15/2037 | -- | $1,573,342.78 | 1,433,000 | B1WV0T6 |
| 0.49% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $1,559,228.66 | 2,126,000 | BKSJPT2 |
| 0.49% | -- | SPRINT CAPITAL CORP | 8.75% | 03/15/2032 | -- | $1,554,530.52 | 1,292,000 | 2964029 |
| 0.48% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $1,541,971.77 | 1,601,000 | BDCMR69 |
| 0.47% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $1,504,242.92 | 1,614,000 | BYNWXZ6 |
| 0.47% | -- | SUMITOMO MITSUI FINL GRP | 3.04% | 07/16/2029 | -- | $1,499,645.18 | 1,723,000 | BKBZGK5 |
| 0.46% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $1,474,181.96 | 1,461,000 | B7RB2F3 |
| 0.46% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $1,469,992.31 | 1,607,000 | BXC5W85 |
| 0.46% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $1,469,424.80 | 1,696,000 | BLB6SW1 |
| 0.46% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $1,465,930.68 | 1,375,000 | B1Z54W6 |
| 0.46% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $1,457,266.50 | 1,478,000 | B5TZB18 |
| 0.45% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $1,436,968.17 | 1,691,000 | B944GF7 |
| 0.45% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $1,431,893.03 | 1,705,000 | BMFKVV6 |
| 0.44% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $1,412,835.78 | 1,342,000 | B283338 |
| 0.44% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $1,386,423.92 | 1,448,000 | B1G5DX9 |
| 0.43% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $1,385,154.24 | 1,309,000 | B1YLTG4 |
| 0.43% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $1,383,046.52 | 1,282,000 | B170DG6 |
| 0.43% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $1,356,137.84 | 1,478,000 | B8Y96M2 |
| 0.41% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $1,306,095.05 | 1,160,000 | B2418B9 |
| 0.40% | -- | HALLIBURTON CO | 7.45% | 09/15/2039 | -- | $1,271,601.18 | 1,129,000 | B63S808 |
| 0.40% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $1,270,732.59 | 1,316,000 | BYTRVR3 |
| 0.40% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $1,263,224.77 | 1,175,000 | B2Q1497 |
| 0.39% | -- | JPMORGAN CHASE & CO | 4.85% | 02/01/2044 | -- | $1,258,287.99 | 1,364,000 | BJ62ZG3 |
| 0.39% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $1,243,158.99 | 1,323,000 | BLTZ7Y5 |
| 0.39% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $1,235,450.02 | 1,209,000 | B1Z7WM8 |
| 0.38% | -- | HP INC | 6.00% | 09/15/2041 | -- | $1,221,349.91 | 1,236,000 | B5V6LS6 |
| 0.37% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $1,194,644.70 | 1,100,000 | 7518926 |
| 0.37% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $1,176,638.33 | 1,167,000 | B1VJP74 |
| 0.37% | -- | ECOPETROL SA | 5.88% | 05/28/2045 | -- | $1,175,561.53 | 1,813,000 | BMQXLW5 |
| 0.37% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $1,172,900.04 | 1,423,000 | BMWC8Z8 |
| 0.36% | -- | WESTPAC BANKING CORP | 1.95% | 11/20/2028 | -- | $1,159,324.54 | 1,351,000 | BLD8TQ6 |
| 0.35% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $1,123,176.44 | 1,367,000 | BDB2XM8 |
| 0.35% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $1,100,265.95 | 1,500,000 | BFMYF65 |
| 0.35% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $1,099,904.16 | 983,000 | 2836399 |
| 0.34% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $1,078,498.55 | 1,261,000 | BKY6S54 |
| 0.34% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $1,076,670.50 | 1,056,000 | B3RZKK8 |
| 0.33% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $1,061,938.73 | 972,000 | B39XY20 |
| 0.33% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $1,056,002.06 | 1,130,000 | B57Y827 |
| 0.33% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $1,055,239.16 | 976,000 | B29SN65 |
| 0.33% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $1,048,070.76 | 1,001,000 | 7392227 |
| 0.33% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $1,047,193.15 | 1,218,000 | B6Z7568 |
| 0.33% | -- | SUMITOMO MITSUI FINL GRP | 2.22% | 09/17/2031 | -- | $1,047,068.21 | 1,316,000 | BMHLCZ8 |
| 0.33% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $1,044,932.81 | 1,268,000 | BYYXY44 |
| 0.32% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $1,015,603.28 | 1,155,000 | BKJL6Z0 |
| 0.32% | -- | JEFFERIES FIN GROUP INC | 4.15% | 01/23/2030 | -- | $1,013,276.98 | 1,130,000 | BD1DDP4 |
| 0.32% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $1,005,150.28 | 1,148,000 | B8HK5Z8 |
| 0.32% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $1,004,199.90 | 956,000 | B1G7Y98 |
| 0.31% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $981,135.27 | 1,160,000 | BKRMRV8 |
| 0.30% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $965,851.86 | 1,030,000 | BL98SN0 |
| 0.29% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $938,520.16 | 1,161,000 | BMVPRG2 |
| 0.29% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $911,612.48 | 995,000 | BL66P03 |
| 0.28% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $895,289.39 | 1,144,000 | BP8JVG6 |
| 0.28% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $891,761.84 | 798,000 | 2859233 |
| 0.27% | -- | BANK OF NOVA SCOTIA | 4.85% | 02/01/2030 | -- | $869,049.00 | 900,000 | BPP33C1 |
| 0.27% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $859,461.34 | 927,000 | B4TV238 |
| 0.27% | -- | TOTALENERGIES CAPITAL SA | 3.88% | 10/11/2028 | -- | $858,796.99 | 890,000 | BF5B2Y0 |
| 0.27% | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $849,953.31 | 1,004,000 | BM9CQB3 |
| 0.27% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $849,109.07 | 997,000 | B968SP1 |
| 0.26% | -- | WYETH LLC | 5.95% | 04/01/2037 | -- | $822,770.72 | 764,000 | B1VQ7M4 |
| 0.25% | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $795,939.04 | 1,004,000 | BSHZYC3 |
| 0.25% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $791,901.48 | 867,000 | B82MC25 |
| 0.24% | -- | SUMITOMO MITSUI FINL GRP | 5.77% | 01/13/2033 | -- | $771,799.50 | 751,000 | BMTX144 |
| 0.24% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $766,696.74 | 982,000 | BNBYGX6 |
| 0.22% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $710,356.36 | 765,000 | BXC5WP2 |
| 0.20% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $640,803.70 | 799,000 | BN6LYH2 |
| 0.19% | -- | PRUDENTIAL FUNDING ASIA | 3.13% | 04/14/2030 | -- | $617,560.48 | 704,000 | BPJLBD8 |
| 0.19% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $598,080.09 | 587,000 | B13VN63 |
| 0.19% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $591,325.92 | 731,000 | BL69JN3 |
| 0.19% | -- | UNITEDHEALTH GROUP INC | 2.88% | 08/15/2029 | -- | $590,828.64 | 659,000 | BJMSS00 |
| 0.18% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $585,582.37 | 632,000 | B819DG8 |
| 0.18% | -- | ELEVANCE HEALTH INC | 4.65% | 01/15/2043 | -- | $574,001.25 | 647,000 | B88F2Y0 |
| 0.18% | -- | PARAMOUNT GLOBAL | 4.38% | 03/15/2043 | -- | $565,801.01 | 834,000 | BCHWWF1 |
| 0.18% | -- | MITSUBISHI UFJ FIN GRP | 3.20% | 07/18/2029 | -- | $564,282.27 | 642,000 | BKFH1S0 |
| 0.17% | -- | ING GROEP NV | 4.55% | 10/02/2028 | -- | $538,031.72 | 561,000 | BFZYYN2 |
| 0.17% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $529,183.31 | 511,000 | B1P61P1 |
| 0.16% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $521,223.11 | 480,000 | B7N7040 |
| 0.16% | -- | CISCO SYSTEMS INC | 5.50% | 01/15/2040 | -- | $518,543.18 | 500,000 | B596Q94 |
| 0.15% | -- | SOUTHERN COPPER CORP | 5.25% | 11/08/2042 | -- | $467,689.95 | 500,000 | B8ZRND5 |
| 0.15% | -- | ORACLE CORP | 5.38% | 07/15/2040 | -- | $467,011.32 | 500,000 | B7FNML7 |
| 0.14% | -- | WELLS FARGO & COMPANY | 4.40% | 06/14/2046 | -- | $456,045.96 | 575,000 | BYYYTZ3 |
| 0.14% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $441,395.31 | 498,000 | BYRLRK2 |
| 0.13% | -- | MORGAN STANLEY | 4.30% | 01/27/2045 | -- | $422,565.67 | 500,000 | BVJXZY5 |
| 0.13% | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $401,518.84 | 493,000 | BSKDLG7 |
| 0.13% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $399,587.35 | 505,000 | BF2TMG9 |
| 0.12% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $387,520.56 | 342,000 | B24FYQ8 |
| 0.12% | -- | HSBC HOLDINGS PLC | 4.95% | 03/31/2030 | -- | $381,591.18 | 396,000 | BLCC7J8 |
| 0.12% | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $379,979.49 | 472,000 | BW9JZD9 |
| 0.11% | -- | BANCO SANTANDER SA | 3.31% | 06/27/2029 | -- | $364,717.81 | 410,000 | BKDK9G5 |
| 0.11% | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $363,080.46 | 403,000 | BCZQWS8 |
| 0.10% | -- | ROYAL BANK OF CANADA | 3.88% | 05/04/2032 | -- | $334,033.04 | 370,000 | BP4CQX1 |
| 0.10% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $306,226.83 | 367,000 | B78K6L3 |
| 0.08% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $248,038.43 | 375,000 | BLN8Y83 |
| 0.07% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $230,438.47 | 269,000 | BGLPFR7 |
| 0.06% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $202,213.89 | 228,000 | B9D69N3 |
| 0.06% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $201,800.00 | 200,000 | BWXV3J3 |
| 0.06% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $191,853.59 | 221,000 | BBD6G92 |
| 0.06% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $182,515.34 | 198,000 | BMMB3K5 |
| 0.03% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/10/2039 | -- | $102,714.00 | 100,000 | B5B54D9 |
| 0.03% | -- | TORONTO-DOMINION BANK | 4.46% | 06/08/2032 | -- | $96,035.75 | 103,000 | BQB7JS2 |
| 0.01% | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $45,187.14 | 50,000 | BYQNQH9 |
| 0.01% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $42,367.92 | 50,000 | BK6WV73 |
| 0.01% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $19,219.89 | 20,000 | BM6NVC5 |
| -- | -- | GOLDMAN SACHS GROUP INC | 6.13% | 02/15/2033 | -- | $14,764.12 | 14,000 | 2350640 |
| -- | -- | COCA-COLA CO/THE | 1.38% | 03/15/2031 | -- | $9,553.65 | 12,000 | BLR6S70 |
| -- | -- | PFIZER INC | 4.13% | 12/15/2046 | -- | $5,166.56 | 6,000 | BZ3FFH8 |
| -- | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $4,503.31 | 5,000 | BY8L4X3 |
| -- | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $4,489.27 | 5,000 | BWC4YL2 |
| -- | -- | WALMART INC | 5.25% | 09/01/2035 | -- | $3,181.52 | 3,000 | B0J45R4 |
| -- | -- | TIME WARNER CABLE LLC | 6.55% | 05/01/2037 | -- | $2,824.18 | 3,000 | B28WMV6 |
| -- | -- | IBM CORP | 3.50% | 05/15/2029 | -- | $2,769.25 | 3,000 | BFY97H3 |
| -- | -- | WELLS FARGO & COMPANY | 3.90% | 05/01/2045 | -- | $2,342.81 | 3,000 | BX2H0V0 |
| -- | -- | TRANSCANADA PIPELINES | 7.63% | 01/15/2039 | -- | $2,258.59 | 2,000 | B3KV7R9 |
| -- | -- | COCA-COLA CO/THE | 3.00% | 03/05/2051 | -- | $2,199.11 | 3,000 | BNTDCD7 |
| -- | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $1,020.43 | 1,000 | B44YJW0 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $20,743,502.67 | 20,743,503 | -- |
| -7.71% | -- | US ULTRA BOND CBT BOND 20/SEP/2023 WNU3 COMDTY | -- | -- | -24,562,031 | -- | -183 | -- |
| -28.78% | -- | US 10YR NOTE (CBT) BOND 20/SEP/2023 TYU3 COMDTY | -- | -- | -91,681,875 | -- | -810 | -- |
| -55.33% | -- | US LONG BOND(CBT) BOND 20/SEP/2023 USU3 COMDTY | -- | -- | -176,268,750 | -- | -1,400 | -- |
Index
as of 3/31/2023
- Total Number of Issues220
- Long Portfolio Duration10.17
- Net Effective Duration0.10
- Long Portfolio Yield5.28
- Net Index Yield6.58
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
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|