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.
View all Fund
detail sections
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
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart data from Thomson Reuters. 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. Data is delayed at least 15 minutes.
Total Return
Month-End Total Returns as of 5/31/2022
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| IGHG Market Price | 2.02% | 0.35% | -1.84% | -2.59% | -3.51% | 2.24% | 2.10% | -- | 2.06% | 11/05/2013 |
| IGHG NAV | 0.92% | 0.05% | -2.79% | -3.57% | -4.21% | 1.90% | 2.00% | -- | 1.96% | 11/05/2013 |
| FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.98% | 0.40% | -2.33% | -3.30% | -3.61% | 2.05% | 2.18% | -- | 2.24% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| IGHG Market Price | 0.51% | -2.44% | -3.24% | -2.44% | -3.91% | 2.11% | 2.31% | -- | 2.12% | 11/05/2013 |
| IGHG NAV | 1.22% | -2.44% | -3.24% | -2.44% | -2.79% | 2.19% | 2.38% | -- | 2.14% | 11/05/2013 |
| FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 1.41% | -2.32% | -3.08% | -2.32% | -2.21% | 2.31% | 2.55% | -- | 2.41% | -- |
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 5/31/2022- Distribution Yield 3.15%
Distribution Yield represents the annualized yield based on the last income distribution.
- SEC 30-Day Yield 4.32%
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.
Price
as of 6/24/2022- NAV $69.76
- NAV Change $+0.22
- Market Price $70.15
- Market Price Change $+0.58
- Trading Volume (M) 58,213
- 30-Day Median Bid Ask Spread 0.26%
- 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 5/31/2022- Distribution Yield 3.15%
Distribution Yield represents the annualized yield based on the last income distribution.
- SEC 30-Day Yield 4.32%
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.
Price
as of 6/24/2022- NAV $69.76
- NAV Change $+0.22
- Market Price $70.15
- Market Price Change $+0.58
- Trading Volume (M) 58,213
- 30-Day Median Bid Ask Spread 0.26%
- View Premium / Discount
Exposures
Index as of 3/31/2022
Holdings
as of 6/24/2022
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts |
|---|---|---|---|---|---|---|---|
| 1.96% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $10,999,690.67 | 9,858,000 |
| 1.73% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $9,696,932.95 | 10,361,000 |
| 1.60% | -- | HSBC HOLDINGS PLC | 4.95% | 03/31/2030 | -- | $8,988,890.33 | 9,134,000 |
| 1.34% | -- | IBM CORP | 3.50% | 05/15/2029 | -- | $7,544,271.64 | 7,995,000 |
| 1.20% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $6,765,489.77 | 5,649,000 |
| 1.20% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $6,715,471.52 | 6,234,000 |
| 1.17% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $6,563,682.73 | 5,060,000 |
| 1.12% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $6,293,405.12 | 6,394,000 |
| 1.08% | -- | CITIGROUP INC | 4.13% | 07/25/2028 | -- | $6,072,842.49 | 6,356,000 |
| 1.04% | -- | TIME WARNER CABLE LLC | 6.55% | 05/01/2037 | -- | $5,858,406.16 | 5,870,000 |
| 1.02% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $5,740,981.29 | 4,851,000 |
| 1.01% | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $5,677,375.98 | 5,767,000 |
| 0.98% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $5,512,977.18 | 5,190,000 |
| 0.98% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $5,497,927.26 | 4,802,000 |
| 0.95% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $5,347,270.12 | 4,729,000 |
| 0.90% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $5,049,333.65 | 5,065,000 |
| 0.89% | -- | MORGAN STANLEY | 4.30% | 01/27/2045 | -- | $4,980,711.18 | 5,577,000 |
| 0.82% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $4,589,167.61 | 5,064,000 |
| 0.80% | -- | RAYTHEON TECH CORP | 4.50% | 06/01/2042 | -- | $4,472,722.49 | 4,729,000 |
| 0.78% | -- | APPLE INC | 3.85% | 05/04/2043 | -- | $4,356,139.72 | 4,744,000 |
| 0.76% | -- | VODAFONE GROUP PLC | 5.25% | 05/30/2048 | -- | $4,296,196.43 | 4,470,000 |
| 0.75% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $4,239,428.01 | 3,788,000 |
| 0.73% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $4,128,645.15 | 5,309,000 |
| 0.73% | -- | TWDC ENTERPRISES 18 CORP | 4.13% | 06/01/2044 | -- | $4,117,596.83 | 4,555,000 |
| 0.71% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $3,998,171.64 | 4,159,000 |
| 0.70% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $3,909,742.72 | 4,510,000 |
| 0.69% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $3,900,222.35 | 4,410,000 |
| 0.67% | -- | COCA-COLA CO/THE | 1.00% | 03/15/2028 | -- | $3,743,130.68 | 4,366,000 |
| 0.67% | -- | UNITEDHEALTH GROUP INC | 3.85% | 06/15/2028 | -- | $3,736,464.57 | 3,773,000 |
| 0.66% | -- | SHELL INTERNATIONAL FIN | 4.38% | 05/11/2045 | -- | $3,726,691.37 | 4,010,000 |
| 0.66% | -- | CONOCOPHILLIPS | 6.50% | 02/01/2039 | -- | $3,722,041.58 | 3,170,000 |
| 0.66% | -- | WYETH LLC | 5.95% | 04/01/2037 | -- | $3,691,632.99 | 3,209,000 |
| 0.66% | -- | SOUTHERN COPPER CORP | 5.25% | 11/08/2042 | -- | $3,685,775.00 | 3,790,000 |
| 0.64% | -- | SUMITOMO MITSUI FINL GRP | 3.04% | 07/16/2029 | -- | $3,622,455.85 | 4,083,000 |
| 0.64% | -- | JPMORGAN CHASE & CO | 5.60% | 07/15/2041 | -- | $3,571,606.81 | 3,417,000 |
| 0.63% | -- | MITSUBISHI UFJ FIN GRP | 2.56% | 02/25/2030 | -- | $3,517,784.80 | 4,128,000 |
| 0.62% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $3,486,467.50 | 3,175,000 |
| 0.62% | -- | CITIGROUP INC | 4.65% | 07/30/2045 | -- | $3,485,022.62 | 3,802,000 |
| 0.62% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $3,455,172.71 | 3,028,000 |
| 0.61% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $3,454,992.40 | 3,373,000 |
| 0.61% | -- | WELLS FARGO & COMPANY | 5.38% | 11/02/2043 | -- | $3,416,101.36 | 3,469,000 |
| 0.60% | -- | MITSUBISHI UFJ FIN GRP | 4.05% | 09/11/2028 | -- | $3,385,881.98 | 3,539,000 |
| 0.59% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $3,338,085.43 | 2,857,000 |
| 0.59% | -- | COCA-COLA CO/THE | 3.00% | 03/05/2051 | -- | $3,312,784.33 | 4,167,000 |
| 0.59% | -- | WALMART INC | 5.25% | 09/01/2035 | -- | $3,291,204.44 | 2,980,000 |
| 0.58% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $3,268,349.85 | 2,946,000 |
| 0.58% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $3,260,344.20 | 3,041,000 |
| 0.58% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $3,256,103.08 | 2,895,000 |
| 0.58% | -- | BARCLAYS PLC | 4.95% | 01/10/2047 | -- | $3,243,694.81 | 3,441,000 |
| 0.57% | -- | NETFLIX INC | 4.88% | 04/15/2028 | -- | $3,218,856.86 | 3,364,000 |
| 0.57% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $3,205,986.00 | 3,018,000 |
| 0.56% | -- | WELLS FARGO & COMPANY | 3.90% | 05/01/2045 | -- | $3,171,833.78 | 3,750,000 |
| 0.56% | -- | VERIZON COMMUNICATIONS | 4.81% | 03/15/2039 | -- | $3,158,366.86 | 3,218,000 |
| 0.54% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $3,005,836.52 | 2,912,000 |
| 0.53% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $2,966,988.89 | 3,302,000 |
| 0.52% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $2,928,137.69 | 2,994,000 |
| 0.52% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $2,916,565.56 | 2,897,000 |
| 0.52% | -- | TRANSCANADA PIPELINES | 7.63% | 01/15/2039 | -- | $2,911,688.24 | 2,370,000 |
| 0.52% | -- | VODAFONE GROUP PLC | 4.38% | 05/30/2028 | -- | $2,901,687.66 | 2,924,000 |
| 0.51% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $2,861,103.96 | 2,491,000 |
| 0.51% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $2,844,048.61 | 3,431,000 |
| 0.51% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $2,841,116.42 | 3,273,000 |
| 0.50% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $2,836,860.18 | 3,116,000 |
| 0.50% | -- | MITSUBISHI UFJ FIN GRP | 3.74% | 03/07/2029 | -- | $2,831,300.03 | 3,015,000 |
| 0.50% | -- | JPMORGAN CHASE & CO | 5.40% | 01/06/2042 | -- | $2,809,794.61 | 2,752,000 |
| 0.50% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $2,797,739.16 | 3,426,000 |
| 0.50% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $2,784,376.21 | 3,254,000 |
| 0.49% | -- | JPMORGAN CHASE & CO | 5.63% | 08/16/2043 | -- | $2,730,074.04 | 2,619,000 |
| 0.49% | -- | METLIFE INC | 5.70% | 06/15/2035 | -- | $2,725,316.32 | 2,508,000 |
| 0.48% | -- | UNITEDHEALTH GROUP INC | 4.75% | 07/15/2045 | -- | $2,723,888.28 | 2,740,000 |
| 0.48% | -- | COCA-COLA CO/THE | 2.60% | 06/01/2050 | -- | $2,704,425.59 | 3,685,000 |
| 0.48% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $2,679,955.91 | 2,494,000 |
| 0.47% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $2,648,045.12 | 2,479,000 |
| 0.47% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $2,626,583.26 | 2,215,000 |
| 0.46% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $2,609,793.02 | 3,126,000 |
| 0.46% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $2,588,707.35 | 2,858,000 |
| 0.46% | -- | DAIMLER FINANCE NA LLC | 8.50% | 01/18/2031 | -- | $2,578,543.23 | 2,051,000 |
| 0.46% | -- | SHELL INTERNATIONAL FIN | 5.50% | 03/25/2040 | -- | $2,568,934.94 | 2,397,000 |
| 0.45% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $2,540,781.96 | 2,685,000 |
| 0.45% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $2,515,366.74 | 2,330,000 |
| 0.44% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $2,472,545.15 | 3,020,000 |
| 0.44% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $2,466,681.19 | 2,240,000 |
| 0.44% | -- | CREDIT SUISSE GROUP AG | 4.88% | 05/15/2045 | -- | $2,458,643.37 | 2,805,000 |
| 0.44% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $2,452,325.79 | 2,502,000 |
| 0.43% | -- | CENOVUS ENERGY INC | 6.75% | 11/15/2039 | -- | $2,438,658.34 | 2,280,000 |
| 0.43% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $2,421,094.73 | 2,172,000 |
| 0.43% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $2,411,186.40 | 2,205,000 |
| 0.42% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $2,383,596.21 | 2,470,000 |
| 0.42% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $2,361,922.54 | 2,587,000 |
| 0.42% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $2,360,168.18 | 2,667,000 |
| 0.42% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $2,359,492.49 | 2,737,000 |
| 0.41% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $2,308,417.02 | 2,427,000 |
| 0.41% | -- | ECOPETROL SA | 5.88% | 05/28/2045 | -- | $2,304,579.84 | 3,264,000 |
| 0.40% | -- | WELLS FARGO & COMPANY | 4.75% | 12/07/2046 | -- | $2,275,170.67 | 2,480,000 |
| 0.40% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $2,266,078.25 | 2,486,000 |
| 0.40% | -- | MIZUHO FINANCIAL GROUP | 4.02% | 03/05/2028 | -- | $2,263,041.05 | 2,368,000 |
| 0.40% | -- | AXA SA | 8.60% | 12/15/2030 | -- | $2,257,970.35 | 1,917,000 |
| 0.40% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $2,227,505.50 | 2,321,000 |
| 0.40% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $2,224,851.07 | 1,959,000 |
| 0.39% | -- | IBM CORP | 4.00% | 06/20/2042 | -- | $2,185,664.72 | 2,524,000 |
| 0.38% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $2,145,896.76 | 2,251,000 |
| 0.38% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $2,126,586.14 | 1,790,000 |
| 0.37% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $2,102,549.70 | 1,929,000 |
| 0.37% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $2,099,468.60 | 1,986,000 |
| 0.37% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 08/04/2045 | -- | $2,085,488.07 | 2,115,000 |
| 0.37% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $2,083,822.47 | 1,784,000 |
| 0.37% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $2,054,103.30 | 2,095,000 |
| 0.36% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $2,045,324.19 | 2,226,000 |
| 0.36% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $2,032,740.84 | 1,846,000 |
| 0.36% | -- | ORACLE CORP | 6.13% | 07/08/2039 | -- | $2,029,674.11 | 2,034,000 |
| 0.36% | -- | NETFLIX INC | 5.88% | 11/15/2028 | -- | $2,026,911.55 | 2,045,000 |
| 0.36% | -- | PNC BANK NA | 4.05% | 07/26/2028 | -- | $2,023,936.54 | 2,097,000 |
| 0.36% | -- | WELLS FARGO & COMPANY | 4.65% | 11/04/2044 | -- | $2,023,010.34 | 2,255,000 |
| 0.36% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $1,998,272.04 | 2,138,000 |
| 0.36% | -- | CNOOC PETROLEUM NORTH | 6.40% | 05/15/2037 | -- | $1,997,984.74 | 1,811,000 |
| 0.35% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $1,976,040.30 | 2,016,000 |
| 0.34% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $1,918,138.66 | 1,656,000 |
| 0.34% | -- | CNOOC FINANCE 2015 US | 4.38% | 05/02/2028 | -- | $1,903,889.44 | 1,876,000 |
| 0.34% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $1,902,395.26 | 1,878,000 |
| 0.34% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $1,900,400.94 | 1,921,000 |
| 0.34% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $1,894,386.71 | 2,196,000 |
| 0.34% | -- | BHP BILLITON FIN USA LTD | 4.13% | 02/24/2042 | -- | $1,891,850.39 | 2,061,000 |
| 0.34% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $1,883,309.87 | 1,774,000 |
| 0.33% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $1,879,194.40 | 2,110,000 |
| 0.33% | -- | BANK OF AMERICA CORP | 5.00% | 01/21/2044 | -- | $1,863,491.18 | 1,912,000 |
| 0.33% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $1,861,534.94 | 1,648,000 |
| 0.33% | -- | HP INC | 6.00% | 09/15/2041 | -- | $1,840,467.70 | 1,831,000 |
| 0.33% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $1,838,139.97 | 1,762,000 |
| 0.32% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $1,815,483.26 | 1,942,000 |
| 0.32% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $1,792,102.47 | 1,500,000 |
| 0.32% | -- | ING GROEP NV | 4.55% | 10/02/2028 | -- | $1,791,646.50 | 1,851,000 |
| 0.32% | -- | LLOYDS BANKING GROUP PLC | 4.55% | 08/16/2028 | -- | $1,776,094.65 | 1,820,000 |
| 0.32% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $1,773,642.41 | 1,702,000 |
| 0.31% | -- | HALLIBURTON CO | 7.45% | 09/15/2039 | -- | $1,765,980.47 | 1,512,000 |
| 0.31% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $1,728,552.85 | 1,586,000 |
| 0.31% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $1,719,195.08 | 1,637,000 |
| 0.31% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $1,713,874.90 | 1,365,000 |
| 0.30% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $1,713,347.52 | 2,010,000 |
| 0.30% | -- | WESTPAC BANKING CORP | 2.96% | 11/16/2040 | -- | $1,699,367.80 | 2,362,000 |
| 0.30% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $1,689,457.06 | 1,769,000 |
| 0.30% | -- | ORACLE CORP | 5.38% | 07/15/2040 | -- | $1,677,233.83 | 1,824,000 |
| 0.30% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $1,666,437.50 | 1,465,000 |
| 0.30% | -- | AT&T INC | 5.35% | 09/01/2040 | -- | $1,660,855.35 | 1,676,000 |
| 0.29% | -- | BANCO SANTANDER SA | 4.38% | 04/12/2028 | -- | $1,650,058.68 | 1,718,000 |
| 0.29% | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $1,647,261.37 | 1,879,000 |
| 0.29% | -- | WESTPAC BANKING CORP | 1.95% | 11/20/2028 | -- | $1,627,664.27 | 1,885,000 |
| 0.29% | -- | PARAMOUNT GLOBAL | 4.38% | 03/15/2043 | -- | $1,617,749.78 | 2,095,000 |
| 0.28% | -- | TOTALENERGIES CAPITAL SA | 3.88% | 10/11/2028 | -- | $1,582,898.17 | 1,614,000 |
| 0.28% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $1,574,422.51 | 1,622,000 |
| 0.28% | -- | BANCO SANTANDER SA | 3.31% | 06/27/2029 | -- | $1,564,534.43 | 1,722,000 |
| 0.27% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $1,539,871.19 | 1,197,000 |
| 0.27% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $1,521,180.52 | 1,413,000 |
| 0.27% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $1,518,338.75 | 1,883,000 |
| 0.27% | -- | GLAXOSMITHKLINE CAP INC | 3.88% | 05/15/2028 | -- | $1,512,157.13 | 1,528,000 |
| 0.27% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $1,506,943.62 | 1,296,000 |
| 0.27% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $1,495,926.81 | 1,690,000 |
| 0.27% | -- | BANCO SANTANDER SA | 3.80% | 02/23/2028 | -- | $1,491,242.45 | 1,598,000 |
| 0.27% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $1,491,071.30 | 1,789,000 |
| 0.26% | -- | ING GROEP NV | 4.05% | 04/09/2029 | -- | $1,486,581.65 | 1,580,000 |
| 0.26% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $1,460,412.93 | 1,359,000 |
| 0.25% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $1,430,570.35 | 1,223,000 |
| 0.25% | -- | LLOYDS BANKING GROUP PLC | 4.38% | 03/22/2028 | -- | $1,396,551.28 | 1,440,000 |
| 0.24% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $1,371,463.74 | 1,493,000 |
| 0.24% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $1,369,822.92 | 1,514,000 |
| 0.24% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $1,354,991.92 | 1,427,000 |
| 0.24% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $1,346,081.40 | 1,582,000 |
| 0.24% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $1,340,324.00 | 1,482,000 |
| 0.23% | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $1,284,847.76 | 1,514,000 |
| 0.23% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $1,283,664.67 | 1,398,000 |
| 0.23% | -- | JEFFERIES GRP LLC / CAP | 4.15% | 01/23/2030 | -- | $1,270,335.86 | 1,409,000 |
| 0.23% | -- | CISCO SYSTEMS INC | 5.50% | 01/15/2040 | -- | $1,268,818.53 | 1,167,000 |
| 0.22% | -- | MITSUBISHI UFJ FIN GRP | 3.20% | 07/18/2029 | -- | $1,255,561.39 | 1,396,000 |
| 0.22% | -- | PRUDENTIAL PLC | 3.13% | 04/14/2030 | -- | $1,244,312.26 | 1,363,000 |
| 0.22% | -- | UNITEDHEALTH GROUP INC | 2.88% | 08/15/2029 | -- | $1,243,815.86 | 1,353,000 |
| 0.22% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $1,232,303.11 | 1,339,000 |
| 0.22% | -- | VERIZON COMMUNICATIONS | 4.33% | 09/21/2028 | -- | $1,228,175.00 | 1,242,000 |
| 0.22% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $1,218,070.84 | 1,365,000 |
| 0.21% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $1,207,864.26 | 1,289,000 |
| 0.21% | -- | TIME WARNER ENTERTAINMEN | 8.38% | 07/15/2033 | -- | $1,205,933.99 | 1,043,000 |
| 0.21% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $1,194,974.67 | 1,192,000 |
| 0.21% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $1,190,287.77 | 962,000 |
| 0.21% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/10/2039 | -- | $1,186,800.00 | 1,104,000 |
| 0.21% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $1,153,773.13 | 1,159,000 |
| 0.20% | -- | ANHEUSER-BUSCH INBEV WOR | 3.75% | 07/15/2042 | -- | $1,143,409.27 | 1,408,000 |
| 0.20% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $1,114,151.98 | 1,293,000 |
| 0.20% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $1,112,206.42 | 1,075,000 |
| 0.19% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $1,091,883.72 | 1,233,000 |
| 0.19% | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $1,064,561.86 | 1,292,000 |
| 0.19% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $1,040,883.80 | 1,071,000 |
| 0.18% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $997,962.29 | 1,052,000 |
| 0.18% | -- | ANTHEM INC | 4.65% | 01/15/2043 | -- | $988,997.60 | 1,048,000 |
| 0.18% | -- | WESTPAC BANKING CORP | 3.40% | 01/25/2028 | -- | $988,805.79 | 1,037,000 |
| 0.16% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $921,201.45 | 956,000 |
| 0.16% | -- | VODAFONE GROUP PLC | 5.00% | 05/30/2038 | -- | $904,630.40 | 948,000 |
| 0.16% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $882,209.31 | 953,000 |
| 0.16% | -- | CONOCOPHILLIPS COMPANY | 6.95% | 04/15/2029 | -- | $876,222.11 | 763,000 |
| 0.15% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $820,981.20 | 780,000 |
| 0.15% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $818,879.77 | 893,000 |
| 0.14% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $813,062.13 | 1,000,000 |
| 0.14% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $808,818.82 | 978,000 |
| 0.14% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $791,147.14 | 642,000 |
| 0.14% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $775,548.33 | 977,000 |
| 0.14% | -- | NOMURA HOLDINGS INC | 2.17% | 07/14/2028 | -- | $760,655.37 | 896,000 |
| 0.13% | -- | SUMITOMO MITSUI FINL GRP | 1.90% | 09/17/2028 | -- | $711,773.04 | 842,000 |
| 0.12% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $688,368.75 | 734,000 |
| 0.12% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $653,821.81 | 904,000 |
| 0.11% | -- | COCA-COLA CO/THE | 2.13% | 09/06/2029 | -- | $631,155.79 | 711,000 |
| 0.10% | -- | CITIGROUP INC | 8.13% | 07/15/2039 | -- | $584,625.10 | 445,000 |
| 0.10% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $575,442.73 | 526,000 |
| 0.10% | -- | WELLS FARGO & COMPANY | 4.40% | 06/14/2046 | -- | $543,518.02 | 623,000 |
| 0.09% | -- | MITSUBISHI UFJ FIN GRP | 3.96% | 03/02/2028 | -- | $513,038.86 | 535,000 |
| 0.08% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $456,417.68 | 526,000 |
| 0.07% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $387,791.12 | 389,000 |
| 0.06% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $349,714.31 | 334,000 |
| 0.05% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $293,561.14 | 284,000 |
| 0.04% | -- | WALT DISNEY COMPANY/THE | 2.20% | 01/13/2028 | -- | $250,352.04 | 278,000 |
| 0.03% | -- | JPMORGAN CHASE & CO | 4.85% | 02/01/2044 | -- | $142,994.41 | 149,000 |
| 0.02% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $131,169.42 | 156,000 |
| 0.01% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $49,383.17 | 61,000 |
| 0.01% | -- | COCA-COLA CO/THE | 1.38% | 03/15/2031 | -- | $38,758.69 | 48,000 |
| 0.01% | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $34,307.89 | 40,000 |
| -- | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $22,958.94 | 24,000 |
| -- | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $5,276.76 | 6,000 |
| -- | -- | PFIZER INC | 4.13% | 12/15/2046 | -- | $4,749.17 | 5,000 |
| -- | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $4,265.07 | 4,000 |
| -- | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $3,519.00 | 4,000 |
| -- | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $2,873.30 | 3,000 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $32,907,188.25 | 32,907,188 |
| -6.89% | -- | US ULTRA BOND CBT BOND 21/SEP/2022 WNU2 COMDTY | -- | -- | -38,710,625 | -- | -257 |
| -28.72% | -- | US 10YR NOTE (CBT) BOND 21/SEP/2022 TYU2 COMDTY | -- | -- | -161,347,656 | -- | -1,375 |
| -59.32% | -- | US LONG BOND(CBT) BOND 21/SEP/2022 USU2 COMDTY | -- | -- | -333,276,563 | -- | -2,450 |
Index
as of 3/31/2022
- Total Number of Issues239
- Effective Duration10.9312
- Dividend Yield ( % )1.57
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
2022
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
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