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 | 0.40% | 5.77% | 5.32% | -0.89% | -0.89% | 0.19% | 1.72% | -- | 2.12% | 11/05/2013 |
| IGHG NAV | 0.90% | 5.84% | 5.30% | -1.24% | -1.24% | 0.22% | 1.64% | -- | 2.10% | 11/05/2013 |
| FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.93% | 6.41% | 6.28% | -0.31% | -0.31% | 0.58% | 1.86% | -- | 2.44% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| IGHG Market Price | 0.40% | 5.77% | 5.32% | -0.89% | -0.89% | 0.19% | 1.72% | -- | 2.12% | 11/05/2013 |
| IGHG NAV | 0.90% | 5.84% | 5.30% | -1.24% | -1.24% | 0.22% | 1.64% | -- | 2.10% | 11/05/2013 |
| FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.93% | 6.41% | 6.28% | -0.31% | -0.31% | 0.58% | 1.86% | -- | 2.44% | -- |
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 12/31/2022- Number of Companies 180
- Distribution Yield 4.26%
Distribution Yield represents the annualized yield based on the last income distribution.
- SEC 30-Day Yield 4.93%
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 5.43% - Net Effective Duration -0.05%
Price
as of 1/30/2023- NAV $72.51
- NAV Change $-0.01
- Market Price $72.64
- Market Price Change $-0.09
- Trading Volume (M) 19,243
- 30-Day Median Bid Ask Spread 0.24%
- 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 12/31/2022- Number of Companies 180
- Distribution Yield 4.26%
Distribution Yield represents the annualized yield based on the last income distribution.
- SEC 30-Day Yield 4.93%
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 5.43%
- Net Effective Duration -0.05%
Price
as of 1/30/2023- NAV $72.51
- NAV Change $-0.01
- Market Price $72.64
- Market Price Change $-0.09
- Trading Volume (M) 19,243
- 30-Day Median Bid Ask Spread 0.24%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 1/30/2023
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.84% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $6,804,628.88 | 6,431,000 | B43XY12 |
| 1.83% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $6,764,997.99 | 6,019,000 | B43DYH8 |
| 1.80% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $6,659,750.71 | 7,859,000 | BVVCSF2 |
| 1.74% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $6,450,058.08 | 6,961,000 | BYM4WR8 |
| 1.50% | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $5,561,132.65 | 6,328,000 | BFY97C8 |
| 1.45% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $5,367,145.54 | 5,829,000 | B8C0348 |
| 1.39% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $5,122,446.88 | 4,669,000 | B2QR213 |
| 1.34% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $4,971,575.89 | 4,346,000 | 2859233 |
| 1.30% | -- | SUMITOMO MITSUI FINL GRP | 1.90% | 09/17/2028 | -- | $4,814,506.82 | 5,650,000 | BMHLCY7 |
| 1.26% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $4,674,397.72 | 4,527,000 | BJTGHH7 |
| 1.25% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $4,608,853.68 | 4,175,000 | B6T0187 |
| 1.23% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $4,562,810.96 | 5,513,000 | BKVJXB7 |
| 1.20% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $4,426,888.13 | 4,063,000 | B24FY35 |
| 1.18% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $4,377,429.44 | 4,819,000 | BYRLSF4 |
| 1.14% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $4,199,650.38 | 4,039,000 | BGYY0D2 |
| 1.11% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $4,104,968.32 | 3,607,000 | B4YDXD6 |
| 1.09% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $4,016,043.97 | 4,552,000 | BF04KW8 |
| 1.09% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $4,014,296.00 | 3,509,000 | B57GT08 |
| 1.05% | -- | CITIGROUP INC | 4.75% | 05/18/2046 | -- | $3,871,177.60 | 4,224,000 | BDGLCL2 |
| 1.03% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $3,808,542.30 | 3,294,000 | BCRXKM7 |
| 1.03% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $3,800,969.92 | 3,399,000 | B1L80H6 |
| 1.01% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $3,719,071.68 | 2,908,000 | B65HZL3 |
| 0.99% | -- | TIME WARNER CABLE ENTRMN | 8.38% | 07/15/2033 | -- | $3,651,712.57 | 3,127,000 | 2727266 |
| 0.97% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $3,598,888.04 | 4,241,000 | BD3RRJ6 |
| 0.96% | -- | CONOCOPHILLIPS COMPANY | 6.95% | 04/15/2029 | -- | $3,544,251.24 | 3,145,000 | 5670055 |
| 0.94% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $3,486,796.60 | 3,872,000 | BFY9706 |
| 0.94% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $3,482,718.05 | 2,941,000 | B2RDM21 |
| 0.90% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $3,334,749.64 | 3,464,000 | BYNWXZ6 |
| 0.90% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $3,312,260.59 | 3,206,000 | BF6DYK5 |
| 0.88% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $3,238,803.35 | 3,023,000 | B1SBFX9 |
| 0.85% | -- | SPRINT CAPITAL CORP | 6.88% | 11/15/2028 | -- | $3,139,321.32 | 2,934,000 | 2327354 |
| 0.84% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $3,119,617.94 | 3,591,000 | BKFH1R9 |
| 0.84% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $3,112,255.24 | 3,102,000 | BYTRVR3 |
| 0.83% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $3,082,459.11 | 2,823,000 | B1HMKF0 |
| 0.83% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $3,067,385.73 | 3,259,000 | BYQ29R7 |
| 0.83% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $3,056,220.79 | 2,472,000 | B2RFJL5 |
| 0.83% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $3,055,717.25 | 3,642,000 | BKSJPV4 |
| 0.80% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $2,958,078.91 | 2,985,000 | BYT35M4 |
| 0.80% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $2,951,196.97 | 3,062,000 | BZ3FFJ0 |
| 0.77% | -- | RAYTHEON TECH CORP | 4.50% | 06/01/2042 | -- | $2,861,249.59 | 2,995,000 | B86VSX1 |
| 0.75% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $2,763,669.14 | 2,283,000 | B242VX5 |
| 0.74% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $2,752,715.28 | 3,331,000 | BM9K8M2 |
| 0.73% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $2,715,725.72 | 2,504,000 | B287YY8 |
| 0.73% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $2,692,667.65 | 3,033,000 | BNG28J5 |
| 0.73% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $2,687,743.97 | 2,888,000 | BMFVFK6 |
| 0.72% | -- | SPRINT CAPITAL CORP | 8.75% | 03/15/2032 | -- | $2,669,360.00 | 2,188,000 | 2964029 |
| 0.71% | -- | LLOYDS BANKING GROUP PLC | 4.55% | 08/16/2028 | -- | $2,618,303.43 | 2,698,000 | BDDJGY0 |
| 0.71% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $2,617,468.03 | 2,663,000 | BP8Y7Q3 |
| 0.70% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $2,575,878.42 | 2,330,000 | B2RK1T2 |
| 0.68% | -- | COCA-COLA CO/THE | 2.25% | 01/05/2032 | -- | $2,502,284.98 | 2,904,000 | BLF8XX9 |
| 0.68% | -- | MITSUBISHI UFJ FIN GRP | 3.74% | 03/07/2029 | -- | $2,501,662.27 | 2,644,000 | BJLRB98 |
| 0.67% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $2,480,214.33 | 2,519,000 | BY58YT3 |
| 0.67% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $2,462,260.99 | 2,251,000 | B3LVPV8 |
| 0.65% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $2,415,859.34 | 2,631,000 | BCZM189 |
| 0.65% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $2,405,121.27 | 2,048,000 | BKPTBZ3 |
| 0.64% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $2,379,765.75 | 2,376,000 | BYZYSL1 |
| 0.62% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $2,299,662.42 | 2,255,000 | BYZKXZ8 |
| 0.62% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $2,283,440.77 | 2,369,000 | BXC5W85 |
| 0.61% | -- | METLIFE INC | 4.88% | 11/13/2043 | -- | $2,271,246.43 | 2,295,000 | BGDXK74 |
| 0.61% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $2,267,285.22 | 2,436,000 | BKJL6Z0 |
| 0.59% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $2,189,737.16 | 2,001,000 | 7392227 |
| 0.59% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $2,186,017.83 | 1,887,000 | B3KFDY0 |
| 0.58% | -- | NETFLIX INC | 5.88% | 11/15/2028 | -- | $2,143,224.00 | 2,060,000 | BJRDX72 |
| 0.58% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $2,139,193.49 | 2,517,000 | BMFKVV6 |
| 0.57% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $2,113,500.89 | 2,936,000 | BLD9486 |
| 0.56% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $2,073,001.01 | 2,034,000 | B1G5DX9 |
| 0.55% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $2,042,574.03 | 1,769,000 | B2418B9 |
| 0.54% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $2,012,678.43 | 1,819,000 | B1YLTG4 |
| 0.54% | -- | MERCEDES-BENZ FIN NA | 8.50% | 01/18/2031 | -- | $2,002,198.70 | 1,575,000 | B065ZJ2 |
| 0.54% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $2,002,117.53 | 1,652,000 | B2PHBR3 |
| 0.53% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $1,969,143.49 | 1,718,000 | B29SN65 |
| 0.53% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $1,969,083.81 | 1,991,000 | BJZ7ZQ9 |
| 0.53% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $1,962,491.94 | 2,223,000 | BLB6SW1 |
| 0.53% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $1,956,114.12 | 2,049,000 | BL98SN0 |
| 0.53% | -- | ING GROEP NV | 4.05% | 04/09/2029 | -- | $1,955,250.15 | 2,067,000 | BJFFD58 |
| 0.51% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $1,887,035.89 | 1,636,000 | B2NP6Q3 |
| 0.51% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $1,871,490.98 | 2,132,000 | BMD7ZZ1 |
| 0.50% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $1,831,381.48 | 1,987,000 | BG3KW02 |
| 0.49% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $1,823,160.36 | 1,677,000 | B7RB2F3 |
| 0.49% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $1,794,177.10 | 1,633,000 | B62V507 |
| 0.48% | -- | CREDIT SUISSE GROUP AG | 4.88% | 05/15/2045 | -- | $1,790,695.06 | 2,186,000 | BY4K810 |
| 0.48% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $1,761,206.67 | 1,605,000 | B1FTHZ2 |
| 0.47% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $1,746,351.21 | 1,791,000 | B92PSY5 |
| 0.45% | -- | VERIZON COMMUNICATIONS | 4.33% | 09/21/2028 | -- | $1,679,863.83 | 1,710,000 | BGDQ891 |
| 0.45% | -- | ELEVANCE HEALTH INC | 4.65% | 01/15/2043 | -- | $1,668,455.95 | 1,750,000 | B88F2Y0 |
| 0.44% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $1,629,044.58 | 1,511,000 | B3RZKK8 |
| 0.44% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $1,611,996.98 | 1,627,000 | BDCMR69 |
| 0.43% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $1,580,769.50 | 1,731,000 | B6Z7568 |
| 0.43% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $1,579,449.89 | 1,462,000 | B1G7Y98 |
| 0.42% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $1,563,741.12 | 1,526,000 | B62X8Y8 |
| 0.42% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $1,561,825.30 | 1,368,000 | B39F3N0 |
| 0.42% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $1,561,658.32 | 1,900,000 | BLPHW40 |
| 0.42% | -- | ECOPETROL SA | 5.88% | 05/28/2045 | -- | $1,557,717.50 | 2,165,000 | BMQXLW5 |
| 0.42% | -- | COCA-COLA CO/THE | 2.13% | 09/06/2029 | -- | $1,555,815.43 | 1,772,000 | BJBXY53 |
| 0.41% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $1,531,029.71 | 1,543,000 | BYP6GR9 |
| 0.41% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $1,527,059.67 | 1,175,000 | B2Q1497 |
| 0.41% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $1,522,990.66 | 1,691,000 | B944GF7 |
| 0.41% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $1,520,980.32 | 1,989,000 | BKSJPT2 |
| 0.40% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $1,495,354.26 | 1,570,000 | BLTZ7Y5 |
| 0.39% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $1,433,952.91 | 1,478,000 | BF22PM5 |
| 0.38% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $1,419,009.13 | 1,309,000 | B1Z7WM8 |
| 0.38% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $1,414,975.41 | 1,484,000 | B8Y96M2 |
| 0.38% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $1,400,273.32 | 1,579,000 | BDB2XM8 |
| 0.38% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $1,398,114.33 | 1,245,000 | B1Z54W6 |
| 0.37% | -- | PRUDENTIAL PLC | 3.13% | 04/14/2030 | -- | $1,380,929.45 | 1,530,000 | BLB9HX4 |
| 0.37% | -- | CNOOC PETROLEUM NORTH | 6.40% | 05/15/2037 | -- | $1,378,596.33 | 1,283,000 | B1WV0T6 |
| 0.37% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $1,360,881.54 | 1,374,000 | B4TV238 |
| 0.36% | -- | MITSUBISHI UFJ FIN GRP | 4.05% | 09/11/2028 | -- | $1,321,239.22 | 1,350,000 | BFZZKD7 |
| 0.36% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $1,314,916.17 | 1,391,000 | B82MC25 |
| 0.35% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $1,279,134.70 | 1,306,000 | B57Y827 |
| 0.34% | -- | PNC BANK NA | 4.05% | 07/26/2028 | -- | $1,273,676.92 | 1,325,000 | BZ0WL74 |
| 0.34% | -- | HP INC | 6.00% | 09/15/2041 | -- | $1,270,479.06 | 1,258,000 | B5V6LS6 |
| 0.34% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $1,254,159.06 | 1,083,000 | 2836399 |
| 0.33% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $1,234,448.10 | 1,432,000 | BKRMRV8 |
| 0.33% | -- | HALLIBURTON CO | 7.45% | 09/15/2039 | -- | $1,231,961.71 | 1,029,000 | B63S808 |
| 0.33% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $1,223,041.25 | 1,321,000 | B968SP1 |
| 0.33% | -- | JPMORGAN CHASE & CO | 4.85% | 02/01/2044 | -- | $1,219,234.90 | 1,226,000 | BJ62ZG3 |
| 0.32% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $1,199,511.57 | 1,095,000 | B170DG6 |
| 0.32% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $1,174,957.09 | 1,197,000 | BMMB3K5 |
| 0.32% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $1,166,109.52 | 1,234,000 | B9D69N3 |
| 0.32% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $1,164,929.98 | 1,248,000 | B8HK5Z8 |
| 0.30% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $1,122,975.48 | 1,312,000 | BMWC8Z8 |
| 0.30% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $1,116,999.64 | 1,061,000 | B5TZB18 |
| 0.29% | -- | VODAFONE GROUP PLC | 5.00% | 05/30/2038 | -- | $1,070,453.64 | 1,092,000 | BYWFVC9 |
| 0.29% | -- | WESTPAC BANKING CORP | 1.95% | 11/20/2028 | -- | $1,066,838.72 | 1,220,000 | BLD8TQ6 |
| 0.28% | -- | SUMITOMO MITSUI FINL GRP | 2.22% | 09/17/2031 | -- | $1,052,802.98 | 1,303,000 | BMHLCZ8 |
| 0.27% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $1,013,637.64 | 908,000 | 7518926 |
| 0.27% | -- | NOMURA HOLDINGS INC | 2.17% | 07/14/2028 | -- | $1,005,170.05 | 1,186,000 | BKSC6X2 |
| 0.26% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $973,832.84 | 837,000 | 4474021 |
| 0.26% | -- | TOTALENERGIES CAPITAL SA | 3.88% | 10/11/2028 | -- | $965,341.77 | 982,000 | BF5B2Y0 |
| 0.26% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $962,370.34 | 1,145,000 | BF2TMG9 |
| 0.26% | -- | UNITEDHEALTH GROUP INC | 2.88% | 08/15/2029 | -- | $962,263.83 | 1,059,000 | BJMSS00 |
| 0.26% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $961,710.51 | 1,161,000 | BMVPRG2 |
| 0.26% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $957,797.33 | 1,070,000 | B78K6L3 |
| 0.25% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $939,627.05 | 843,000 | B283338 |
| 0.25% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $931,058.22 | 995,000 | BL66P03 |
| 0.25% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $926,259.18 | 875,000 | B1VJP74 |
| 0.24% | -- | PFIZER INC | 4.13% | 12/15/2046 | -- | $872,283.05 | 927,000 | BZ3FFH8 |
| 0.23% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $856,806.06 | 1,075,000 | BNBYGX6 |
| 0.23% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $847,373.43 | 873,000 | BY8L4X3 |
| 0.22% | -- | JEFFERIES FIN GROUP INC | 4.15% | 01/23/2030 | -- | $796,238.82 | 855,000 | BD1DDP4 |
| 0.21% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $793,812.80 | 986,000 | BP8JVG6 |
| 0.21% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $767,634.48 | 948,000 | BN6LYH2 |
| 0.20% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $727,415.66 | 626,000 | B7N7040 |
| 0.18% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $666,936.12 | 768,000 | BYYXY44 |
| 0.17% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $629,196.32 | 587,000 | B13VN63 |
| 0.16% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $596,828.28 | 731,000 | BL69JN3 |
| 0.16% | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $579,727.59 | 603,000 | BCZQWS8 |
| 0.15% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $554,044.00 | 571,000 | BXC5WP2 |
| 0.15% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $550,653.33 | 474,000 | B39XY20 |
| 0.15% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $545,921.32 | 511,000 | B3B14R7 |
| 0.15% | -- | ING GROEP NV | 4.55% | 10/02/2028 | -- | $545,547.61 | 561,000 | BFZYYN2 |
| 0.14% | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $507,829.95 | 572,000 | BW9JZD9 |
| 0.13% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $492,909.44 | 498,000 | BM6NVC5 |
| 0.12% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $436,102.24 | 622,000 | BLN8Y83 |
| 0.09% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $318,540.00 | 300,000 | BWXV3J3 |
| 0.08% | -- | WYETH LLC | 5.95% | 04/01/2037 | -- | $297,702.62 | 264,000 | B1VQ7M4 |
| 0.08% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $294,179.48 | 321,000 | BBD6G92 |
| 0.07% | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $247,972.44 | 260,000 | BWC4YL2 |
| 0.06% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $229,543.89 | 232,000 | B819DG8 |
| 0.06% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $203,557.31 | 235,000 | BKBQ3G3 |
| 0.05% | -- | TORONTO-DOMINION BANK | 4.46% | 06/08/2032 | -- | $197,379.31 | 202,000 | BQB7JS2 |
| 0.03% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $109,941.42 | 101,000 | B44YJW0 |
| 0.03% | -- | MITSUBISHI UFJ FIN GRP | 3.20% | 07/18/2029 | -- | $109,894.39 | 122,000 | BKFH1S0 |
| 0.03% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $107,422.74 | 119,000 | BGLPFR7 |
| 0.03% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $104,347.31 | 97,000 | B1P61P1 |
| 0.03% | -- | WELLS FARGO & COMPANY | 3.90% | 05/01/2045 | -- | $104,068.03 | 123,000 | BX2H0V0 |
| 0.03% | -- | BANCO SANTANDER SA | 3.31% | 06/27/2029 | -- | $95,491.16 | 106,000 | BKDK9G5 |
| 0.02% | -- | CISCO SYSTEMS INC | 5.50% | 01/15/2040 | -- | $83,418.50 | 76,000 | B596Q94 |
| 0.02% | -- | SUMITOMO MITSUI FINL GRP | 3.04% | 07/16/2029 | -- | $66,751.54 | 75,000 | BKBZGK5 |
| 0.01% | -- | COCA-COLA CO/THE | 1.38% | 03/15/2031 | -- | $38,591.50 | 48,000 | BLR6S70 |
| 0.01% | -- | WALMART INC | 5.25% | 09/01/2035 | -- | $33,758.68 | 31,000 | B0J45R4 |
| 0.01% | -- | CITIGROUP INC | 4.13% | 07/25/2028 | -- | $22,930.23 | 24,000 | BYYKP97 |
| -- | -- | GOLDMAN SACHS GROUP INC | 6.13% | 02/15/2033 | -- | $15,318.63 | 14,000 | 2350640 |
| -- | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $6,789.11 | 8,000 | BSHZYC3 |
| -- | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $3,432.07 | 4,000 | BM9CQB3 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $25,304,775.92 | 25,304,776 | -- |
| -10.93% | -- | US ULTRA BOND CBT BOND 22/MAR/2023 WNH3 COMDTY | -- | -- | -40,425,469 | -- | -285 | -- |
| -26.36% | -- | US 10YR NOTE (CBT) BOND 22/MAR/2023 TYH3 COMDTY | -- | -- | -97,481,906 | -- | -853 | -- |
| -55.59% | -- | US LONG BOND(CBT) BOND 22/MAR/2023 USH3 COMDTY | -- | -- | -205,573,500 | -- | -1,584 | -- |
Index
as of 9/30/2022
- Total Number of Issues223
- Long Portfolio Duration9.78
- Net Effective Duration-0.30
- Long Portfolio Yield6.03
- Net Index Yield5.52
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 |
|---|