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 | -0.76% | 1.06% | 3.44% | 3.44% | 10.43% | 4.09% | 4.04% | 2.93% | 3.20% | 11/05/2013 |
IGHG NAV | -0.74% | 1.10% | 3.49% | 3.49% | 10.71% | 4.10% | 4.05% | 3.03% | 3.20% | 11/05/2013 |
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | -0.64% | 1.10% | 3.67% | 3.67% | 11.27% | 4.78% | 4.46% | 3.35% | 3.57% | -- |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
IGHG Market Price | -0.76% | 1.06% | 3.44% | 3.44% | 10.43% | 4.09% | 4.04% | 2.93% | 3.20% | 11/05/2013 |
IGHG NAV | -0.74% | 1.10% | 3.49% | 3.49% | 10.71% | 4.10% | 4.05% | 3.03% | 3.20% | 11/05/2013 |
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | -0.64% | 1.10% | 3.67% | 3.67% | 11.27% | 4.78% | 4.46% | 3.35% | 3.57% | -- |
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
- Expense Ratio 0.30%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 6/30/2024- Number of Companies 195
- 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
Maturity5.30% - Net Effective Duration 0.23%
Price
as of 7/26/2024- NAV $76.53
- NAV Change $+0.02
- Market Price $76.61
- Market Price Change $+0.08
- Trading Volume (M) 5,620
- 30-Day Median Bid Ask Spread 0.16%
- View Premium / Discount
Snapshot
- Ticker IGHG
- Intraday Ticker IGHG.IV
- CUSIP 74347B607
- Inception Date 11/5/13
- Expense Ratio 0.30%
- NAV Calculation Time 3:00 p.m. ET
Characteristics
as of 6/30/2024- Number of Companies 195
- 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 5.30%
- Net Effective Duration 0.23%
Price
as of 7/26/2024- NAV $76.53
- NAV Change $+0.02
- Market Price $76.61
- Market Price Change $+0.08
- Trading Volume (M) 5,620
- 30-Day Median Bid Ask Spread 0.16%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 7/26/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.79% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $4,655,185.08 | 4,548,000 | B43XY12 |
1.71% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $4,445,356.99 | 5,109,000 | BYM4WR8 |
1.63% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $4,235,915.65 | 5,357,000 | BVVCSF2 |
1.53% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $3,986,579.74 | 3,679,000 | B43DYH8 |
1.50% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $3,900,960.89 | 3,260,000 | B65HZL3 |
1.46% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $3,804,953.85 | 3,596,000 | B6T0187 |
1.44% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $3,754,773.04 | 3,455,000 | B2QR213 |
1.28% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $3,331,046.96 | 3,932,000 | B8C0348 |
1.27% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $3,316,554.79 | 3,084,000 | B4YDXD6 |
1.25% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $3,258,349.92 | 3,331,000 | BJTGHH7 |
1.21% | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $3,158,970.71 | 3,839,000 | BFY97C8 |
1.18% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $3,063,214.03 | 2,894,000 | B24FY35 |
1.09% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $2,825,102.65 | 2,633,000 | B1SBFX9 |
1.08% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $2,802,998.90 | 2,945,000 | BF22PM5 |
1.00% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $2,612,567.73 | 2,749,000 | BF6DYK5 |
0.97% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $2,526,300.49 | 3,209,000 | BD3RRJ6 |
0.96% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $2,500,801.00 | 2,235,000 | B2RDM21 |
0.96% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $2,500,579.87 | 2,222,000 | B39F3N0 |
0.96% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $2,500,457.47 | 2,943,000 | BKSJPV4 |
0.95% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $2,464,961.86 | 2,221,000 | BCRXKM7 |
0.94% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $2,457,748.06 | 2,698,000 | BZ3FFJ0 |
0.94% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $2,445,567.41 | 2,270,000 | B1L80H6 |
0.93% | -- | RTX CORP | 4.50% | 06/01/2042 | -- | $2,421,978.38 | 2,763,000 | B86VSX1 |
0.91% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $2,378,428.94 | 2,671,000 | BYQ29R7 |
0.89% | -- | BANCO SANTANDER SA | 6.92% | 08/08/2033 | -- | $2,316,866.28 | 2,174,000 | BRF3T49 |
0.85% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $2,222,208.84 | 2,321,000 | BYT35M4 |
0.85% | -- | CONOCOPHILLIPS | 6.50% | 02/01/2039 | -- | $2,218,099.19 | 1,985,000 | B4T4431 |
0.85% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $2,215,411.24 | 1,975,000 | B3KFDY0 |
0.84% | -- | SUMITOMO MITSUI FINL GRP | 5.71% | 01/13/2030 | -- | $2,175,915.53 | 2,109,000 | BNM9D17 |
0.83% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $2,155,485.20 | 2,001,000 | B1HMKF0 |
0.82% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $2,125,455.85 | 2,330,000 | BYZYSL1 |
0.80% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $2,073,467.55 | 2,331,000 | BCZM189 |
0.78% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $2,042,633.70 | 2,076,000 | B62X8Y8 |
0.73% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $1,898,710.18 | 1,713,000 | B170DG6 |
0.72% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $1,862,474.24 | 1,843,000 | BP8Y7Q3 |
0.72% | -- | ROYAL BANK OF CANADA | 5.15% | 02/01/2034 | -- | $1,861,329.22 | 1,848,000 | BRF20R6 |
0.71% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $1,850,815.73 | 1,691,000 | B2NP6Q3 |
0.71% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $1,845,770.64 | 1,673,000 | B1Z54W6 |
0.71% | -- | TIME WARNER CABLE ENTRMN | 8.38% | 07/15/2033 | -- | $1,844,143.88 | 1,642,000 | 2727266 |
0.71% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $1,836,799.67 | 1,752,000 | B62V507 |
0.69% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $1,805,047.55 | 2,006,000 | BF04KW8 |
0.69% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $1,798,919.85 | 2,036,000 | BMD7ZZ1 |
0.67% | -- | JOHN DEERE CAPITAL CORP | 5.15% | 09/08/2033 | -- | $1,756,591.05 | 1,725,000 | BNSP609 |
0.67% | -- | CITIGROUP INC | 4.75% | 05/18/2046 | -- | $1,738,867.21 | 1,974,000 | BDGLCL2 |
0.66% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $1,726,707.99 | 1,578,000 | B2RK1T2 |
0.66% | -- | TORONTO-DOMINION BANK | 4.46% | 06/08/2032 | -- | $1,710,326.54 | 1,785,000 | BQB7JS2 |
0.64% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $1,657,160.72 | 1,555,000 | B1FTHZ2 |
0.63% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $1,643,939.95 | 1,346,000 | B2RFJL5 |
0.63% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $1,636,261.67 | 1,494,000 | B57GT08 |
0.63% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $1,629,317.74 | 1,699,000 | BG3KW02 |
0.61% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $1,597,398.02 | 1,840,000 | BYRLSF4 |
0.61% | -- | FORD MOTOR COMPANY | 7.45% | 07/16/2031 | -- | $1,593,508.45 | 1,459,000 | 5733992 |
0.61% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $1,585,459.98 | 1,838,000 | BMFKVV6 |
0.60% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $1,569,785.38 | 1,894,000 | BN6LYH2 |
0.60% | -- | SUMITOMO MITSUI FINL GRP | 5.77% | 01/13/2033 | -- | $1,554,853.86 | 1,497,000 | BMTX144 |
0.59% | -- | METLIFE INC | 4.88% | 11/13/2043 | -- | $1,545,873.46 | 1,675,000 | BGDXK74 |
0.59% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $1,543,333.09 | 2,131,000 | BLD9486 |
0.59% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $1,542,247.74 | 1,382,000 | B3LVPV8 |
0.59% | -- | OCCIDENTAL PETROLEUM COR | 6.45% | 09/15/2036 | -- | $1,532,380.16 | 1,444,000 | BK8VN61 |
0.59% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $1,528,930.63 | 1,812,000 | BM9K8M2 |
0.57% | -- | UBS GROUP AG | 4.88% | 05/15/2045 | -- | $1,495,940.42 | 1,620,000 | BPX2D53 |
0.56% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $1,462,104.40 | 1,613,000 | BXC5WP2 |
0.56% | -- | MERCEDES-BENZ FIN NA | 8.50% | 01/18/2031 | -- | $1,461,866.51 | 1,217,000 | B065ZJ2 |
0.56% | -- | PARAMOUNT GLOBAL | 4.38% | 03/15/2043 | -- | $1,457,686.42 | 2,104,000 | BCHWWF1 |
0.55% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $1,435,661.03 | 1,372,000 | B287YY8 |
0.55% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $1,434,204.49 | 1,661,000 | BMVPRG2 |
0.54% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $1,400,213.67 | 1,549,000 | BJZ7ZQ9 |
0.54% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $1,397,346.83 | 1,486,000 | BKJL6Z0 |
0.52% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $1,365,325.58 | 1,438,000 | BY58YT3 |
0.52% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $1,353,192.13 | 1,227,000 | B283338 |
0.52% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $1,348,623.71 | 1,322,000 | B7RB2F3 |
0.51% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $1,338,844.91 | 1,686,000 | BKVJXB7 |
0.51% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $1,331,973.07 | 1,408,000 | B92PSY5 |
0.51% | -- | BANCO SANTANDER SA | 6.94% | 11/07/2033 | -- | $1,331,696.70 | 1,200,000 | BQ6C3K2 |
0.51% | -- | COCA-COLA CO/THE | 3.00% | 03/05/2051 | -- | $1,331,277.85 | 1,943,000 | BNTDCD7 |
0.51% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $1,325,490.51 | 1,601,000 | B944GF7 |
0.51% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $1,321,330.09 | 1,449,000 | BLB6SW1 |
0.50% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $1,308,795.01 | 1,149,000 | BKPTBZ3 |
0.50% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $1,299,302.85 | 1,369,000 | B819DG8 |
0.50% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $1,299,070.20 | 1,298,000 | B44YJW0 |
0.50% | -- | SPRINT CAPITAL CORP | 8.75% | 03/15/2032 | -- | $1,292,019.06 | 1,069,000 | 2964029 |
0.49% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $1,287,103.92 | 1,190,000 | 7392227 |
0.49% | -- | VERIZON COMMUNICATIONS | 4.81% | 03/15/2039 | -- | $1,277,645.91 | 1,355,000 | BDFLJN4 |
0.49% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $1,274,799.42 | 1,103,000 | B2PHBR3 |
0.49% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $1,267,648.43 | 1,323,000 | BL98SN0 |
0.49% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $1,263,832.78 | 1,340,000 | BLTZ7Y5 |
0.48% | -- | BANK OF NOVA SCOTIA | 4.85% | 02/01/2030 | -- | $1,252,035.80 | 1,256,000 | BPP33C1 |
0.48% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $1,245,555.54 | 1,248,000 | BWXV3J3 |
0.48% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $1,243,269.01 | 1,146,000 | B1YLTG4 |
0.48% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $1,236,389.25 | 1,184,000 | B1VJP74 |
0.47% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 08/04/2045 | -- | $1,229,058.98 | 1,267,000 | BYWZXG7 |
0.46% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $1,208,378.93 | 1,088,000 | 2859233 |
0.46% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $1,199,486.30 | 1,262,000 | BDCMR69 |
0.46% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $1,193,728.03 | 1,094,000 | B1Z7WM8 |
0.44% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $1,143,537.00 | 1,368,000 | BP8JVG6 |
0.44% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $1,137,154.10 | 1,327,000 | BKFH1R9 |
0.44% | -- | SUMITOMO MITSUI FINL GRP | 6.18% | 07/13/2043 | -- | $1,133,697.58 | 1,037,000 | BRF2J57 |
0.43% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $1,128,862.12 | 1,122,000 | B4TV238 |
0.43% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $1,108,918.00 | 1,056,000 | B3RZKK8 |
0.42% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $1,102,874.97 | 961,000 | 4474021 |
0.42% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $1,093,567.78 | 1,172,000 | BXC5W85 |
0.41% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $1,079,977.72 | 1,178,000 | B8Y96M2 |
0.40% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $1,038,619.06 | 1,223,000 | BL69JN3 |
0.40% | -- | WELLS FARGO & COMPANY | 4.75% | 12/07/2046 | -- | $1,035,085.14 | 1,198,000 | BDSFRX9 |
0.40% | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $1,029,797.10 | 1,246,000 | BSHZYC3 |
0.39% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $1,020,102.96 | 1,283,000 | BFMYF65 |
0.39% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $1,013,489.19 | 835,000 | B2Q1497 |
0.39% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $1,007,264.30 | 1,022,000 | B5TZB18 |
0.39% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $1,005,744.19 | 953,000 | B13VN63 |
0.39% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $1,005,220.41 | 1,052,000 | BYP6GR9 |
0.39% | -- | HP INC | 6.00% | 09/15/2041 | -- | $1,003,416.64 | 970,000 | B5V6LS6 |
0.37% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $959,959.14 | 1,114,000 | B9D69N3 |
0.37% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $959,316.77 | 1,028,000 | BL66P03 |
0.37% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $956,207.01 | 894,000 | B1G7Y98 |
0.37% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $955,161.52 | 1,165,000 | BDB2XM8 |
0.36% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $949,352.21 | 984,000 | B57Y827 |
0.36% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $944,167.53 | 827,000 | 2836399 |
0.36% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $929,581.66 | 964,000 | BYTRVR3 |
0.35% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $923,812.14 | 859,000 | 7518926 |
0.35% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $910,134.88 | 1,062,000 | BBD6G92 |
0.34% | -- | TRANSCANADA PIPELINES | 7.63% | 01/15/2039 | -- | $886,594.62 | 750,000 | B3KV7R9 |
0.34% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $885,936.49 | 801,000 | B2418B9 |
0.34% | -- | GOLDMAN SACHS GROUP INC | 6.13% | 02/15/2033 | -- | $885,690.67 | 823,000 | 2350640 |
0.34% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $884,684.09 | 1,025,000 | BF2TMG9 |
0.34% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $884,143.83 | 790,000 | B7N7040 |
0.32% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $842,281.65 | 839,000 | BYZKXZ8 |
0.32% | -- | ROYAL BANK OF CANADA | 5.00% | 02/01/2033 | -- | $841,378.97 | 842,000 | BQ3Q0J5 |
0.32% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $824,190.97 | 974,000 | BYYXY44 |
0.31% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $816,908.43 | 710,000 | B242VX5 |
0.31% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $798,752.75 | 941,000 | BMWC8Z8 |
0.31% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $794,475.82 | 843,000 | BM6NVC5 |
0.30% | -- | JEFFERIES FIN GROUP INC | 4.15% | 01/23/2030 | -- | $779,276.42 | 824,000 | BD1DDP4 |
0.30% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $775,707.03 | 827,000 | BYNWXZ6 |
0.29% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $766,880.05 | 894,000 | B8HK5Z8 |
0.29% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $762,647.05 | 885,000 | B78K6L3 |
0.29% | -- | PRUDENTIAL FUNDING ASIA | 3.13% | 04/14/2030 | -- | $753,460.10 | 825,000 | BPJLBD8 |
0.29% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $751,255.70 | 854,000 | BNG28J5 |
0.29% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $750,607.92 | 869,000 | BGLPFR7 |
0.29% | -- | TOYOTA MOTOR CREDIT CORP | 5.55% | 11/20/2030 | -- | $745,240.70 | 716,000 | BP0VPB3 |
0.29% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $744,148.99 | 660,000 | B24FYQ8 |
0.27% | -- | JOHN DEERE CAPITAL CORP | 4.70% | 06/10/2030 | -- | $690,992.75 | 689,000 | BRBD8Z7 |
0.26% | -- | METLIFE INC | 5.70% | 06/15/2035 | -- | $680,559.18 | 650,000 | B0BXDC0 |
0.26% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $674,027.31 | 771,000 | BFY9706 |
0.26% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $672,206.95 | 814,000 | BNBYGX6 |
0.25% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $658,854.83 | 654,000 | BGYY0D2 |
0.23% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $607,149.84 | 705,000 | B6Z7568 |
0.23% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $598,401.56 | 561,000 | B1P61P1 |
0.22% | -- | COCA-COLA CO/THE | 2.25% | 01/05/2032 | -- | $583,539.44 | 683,000 | BLF8XX9 |
0.22% | -- | FORD MOTOR COMPANY | 4.75% | 01/15/2043 | -- | $578,430.46 | 710,000 | B8H94Y7 |
0.22% | -- | MITSUBISHI UFJ FIN GRP | 2.56% | 02/25/2030 | -- | $578,351.05 | 654,000 | BKMGBW4 |
0.21% | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $551,788.73 | 610,000 | BCZQWS8 |
0.21% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $545,537.41 | 500,000 | B39XY20 |
0.21% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $540,518.51 | 607,000 | BKY6S54 |
0.21% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $536,735.63 | 580,000 | B82MC25 |
0.19% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $503,182.70 | 452,000 | B29SN65 |
0.17% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $448,223.14 | 525,000 | B968SP1 |
0.17% | -- | ELEVANCE HEALTH INC | 4.65% | 01/15/2043 | -- | $447,768.79 | 504,000 | B88F2Y0 |
0.17% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $447,142.78 | 499,000 | BKRMRV8 |
0.16% | -- | WALMART INC | 5.25% | 09/01/2035 | -- | $429,272.54 | 411,000 | B0J45R4 |
0.16% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $424,963.33 | 690,000 | BLN8Y83 |
0.16% | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $415,866.37 | 474,000 | BYQNQH9 |
0.15% | -- | VODAFONE GROUP PLC | 5.25% | 05/30/2048 | -- | $392,070.48 | 420,000 | BYWFVF2 |
0.14% | -- | TIME WARNER CABLE LLC | 6.55% | 05/01/2037 | -- | $361,738.63 | 375,000 | B28WMV6 |
0.13% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $346,638.80 | 358,000 | B1G5DX9 |
0.13% | -- | BANK OF AMERICA CORP | 5.00% | 01/21/2044 | -- | $341,543.44 | 355,000 | BJ3WDS4 |
0.13% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $336,240.01 | 365,000 | BYRLRK2 |
0.13% | -- | IBM CORP | 4.00% | 06/20/2042 | -- | $330,878.37 | 400,000 | B8J5PR3 |
0.12% | -- | CITIGROUP INC | 8.13% | 07/15/2039 | -- | $307,788.17 | 242,000 | B3Q88R1 |
0.11% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $283,638.43 | 276,000 | B3B14R7 |
0.11% | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $278,834.07 | 303,000 | BWC4YL2 |
0.10% | -- | JPMORGAN CHASE & CO | 5.40% | 01/06/2042 | -- | $252,070.67 | 248,000 | B7FRRL4 |
0.10% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $249,203.08 | 267,000 | BMFVFK6 |
0.09% | -- | UNITEDHEALTH GROUP INC | 4.75% | 07/15/2045 | -- | $227,608.46 | 250,000 | BYTRVP1 |
0.09% | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $225,415.58 | 254,000 | BSKDLG7 |
0.09% | -- | COCA-COLA CO/THE | 2.60% | 06/01/2050 | -- | $222,947.42 | 354,000 | BKSJPS1 |
0.08% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $209,770.99 | 247,000 | BLPHW40 |
0.07% | -- | TWDC ENTERPRISES 18 CORP | 4.13% | 06/01/2044 | -- | $192,298.89 | 227,000 | BN459D7 |
0.07% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $190,805.38 | 211,000 | BKBQ3G3 |
0.07% | -- | WESTPAC BANKING CORP | 2.96% | 11/16/2040 | -- | $172,398.22 | 242,000 | BMX5050 |
0.07% | -- | APPLE INC | 3.85% | 05/04/2043 | -- | $170,716.03 | 200,000 | B8HTMS7 |
0.06% | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $144,255.07 | 167,000 | BM9CQB3 |
0.05% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $142,219.83 | 150,000 | BY8L4X3 |
0.05% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $117,740.14 | 134,000 | BK6WV73 |
0.04% | -- | CISCO SYSTEMS INC | 5.50% | 01/15/2040 | -- | $100,774.75 | 98,000 | B596Q94 |
0.03% | -- | WELLS FARGO & COMPANY | 4.65% | 11/04/2044 | -- | $89,699.49 | 104,000 | BS9FPF1 |
0.03% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $71,350.47 | 100,000 | BKSJPT2 |
0.02% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $41,324.75 | 46,000 | BMMB3K5 |
0.01% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/10/2039 | -- | $22,421.97 | 21,000 | B5B54D9 |
-- | -- | BHP BILLITON FIN USA LTD | 4.13% | 02/24/2042 | -- | $7,737.86 | 9,000 | B5NNJ47 |
-- | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $6,536.39 | 8,000 | BW9JZD9 |
-- | -- | SHELL INTERNATIONAL FIN | 4.38% | 05/11/2045 | -- | $3,483.47 | 4,000 | BXC5W74 |
-- | -- | ORACLE CORP | 6.13% | 07/08/2039 | -- | $3,148.26 | 3,000 | B3LR141 |
-- | -- | JPMORGAN CHASE & CO | 4.85% | 02/01/2044 | -- | $1,912.82 | 2,000 | BJ62ZG3 |
-- | -- | MORGAN STANLEY | 4.30% | 01/27/2045 | -- | $869.58 | 1,000 | BVJXZY5 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $14,518,331.83 | 14,518,332 | -- |
-4.16% | -- | US ULTRA BOND CBT BOND 19/SEP/2024 WNU4 COMDTY | -- | -- | -10,838,688 | -- | -86 | -- |
-25.33% | -- | US 10YR NOTE (CBT) BOND 19/SEP/2024 TYU4 COMDTY | -- | -- | -65,943,453 | -- | -593 | -- |
-63.32% | -- | US LONG BOND(CBT) BOND 19/SEP/2024 USU4 COMDTY | -- | -- | -164,813,719 | -- | -1,381 | -- |
Index
as of 6/28/2024
- Total Number of Issues214
- Long Portfolio Duration9.67
- Net Effective Duration-0.01
- Long Portfolio Yield5.61
- Net Index Yield6.65
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
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
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