IGHG
Investment Grade—Interest Rate Hedged
Morningstar Rating
Overall Morningstar Rating out of 278 Nontraditional Bond funds based on risk-adjusted returns as of 6/30/24.
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.
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)
Total Return
Month-End Total Returns as of 8/31/2024
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| IGHG Market Price | 0.92% | 0.63% | 3.59% | 4.89% | 9.52% | 4.90% | 4.43% | 3.11% | 3.28% | 11/05/2013 |
| IGHG NAV | 0.70% | 0.52% | 3.24% | 4.81% | 9.33% | 4.91% | 4.42% | 3.18% | 3.27% | 11/05/2013 |
| FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.78% | 0.61% | 3.27% | 4.98% | 9.91% | 5.52% | 4.81% | 3.48% | 3.63% | -- |
| 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
Price
as of 10/04/2024- NAV $77.26
- NAV Change $+0.19
- Market Price $77.48
- Market Price Change $+0.06
- Trading Volume (M) 4,198
- 30-Day Median Bid Ask Spread 0.21%
- 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
Price
as of 10/04/2024- NAV $77.26
- NAV Change $+0.19
- Market Price $77.48
- Market Price Change $+0.06
- Trading Volume (M) 4,198
- 30-Day Median Bid Ask Spread 0.21%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 10/04/2024
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|---|---|
| 1.90% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $4,453,698.64 | 4,208,000 | B43XY12 |
| 1.82% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $4,252,410.89 | 5,157,000 | BVVCSF2 |
| 1.76% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $4,103,880.87 | 4,517,000 | BYM4WR8 |
| 1.67% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $3,903,739.73 | 3,517,000 | B6T0187 |
| 1.65% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $3,850,181.94 | 3,429,000 | B43DYH8 |
| 1.49% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $3,492,744.78 | 3,091,000 | B2QR213 |
| 1.45% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $3,395,990.31 | 3,331,000 | BJTGHH7 |
| 1.40% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $3,278,515.36 | 2,660,000 | B65HZL3 |
| 1.39% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $3,255,006.89 | 3,682,000 | B8C0348 |
| 1.34% | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $3,127,401.52 | 3,618,000 | BFY97C8 |
| 1.14% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $2,659,870.31 | 2,431,000 | B24FY35 |
| 1.11% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $2,600,412.54 | 2,392,000 | B1SBFX9 |
| 1.10% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $2,570,387.71 | 2,943,000 | BKSJPV4 |
| 1.10% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $2,564,785.80 | 2,581,000 | BF6DYK5 |
| 1.07% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $2,503,446.71 | 2,270,000 | B1L80H6 |
| 1.06% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $2,472,944.60 | 2,234,000 | B4YDXD6 |
| 1.03% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $2,413,609.01 | 2,465,000 | BF22PM5 |
| 1.01% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $2,361,497.24 | 2,037,000 | BCRXKM7 |
| 0.99% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $2,305,491.42 | 2,019,000 | B2RDM21 |
| 0.98% | -- | RTX CORP | 4.50% | 06/01/2042 | -- | $2,280,856.19 | 2,483,000 | B86VSX1 |
| 0.97% | -- | BANCO SANTANDER SA | 6.92% | 08/08/2033 | -- | $2,277,061.20 | 2,076,000 | BRF3T49 |
| 0.97% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $2,268,316.39 | 1,975,000 | B3KFDY0 |
| 0.95% | -- | SUMITOMO MITSUI FINL GRP | 5.71% | 01/13/2030 | -- | $2,212,001.85 | 2,109,000 | BNM9D17 |
| 0.94% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $2,207,680.84 | 2,348,000 | BZ3FFJ0 |
| 0.94% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $2,205,095.53 | 2,330,000 | BYZYSL1 |
| 0.93% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $2,165,954.32 | 1,872,000 | B39F3N0 |
| 0.89% | -- | CONOCOPHILLIPS | 6.50% | 02/01/2039 | -- | $2,075,148.88 | 1,817,000 | B4T4431 |
| 0.86% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $2,006,650.62 | 1,997,000 | BYT35M4 |
| 0.84% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $1,975,141.03 | 1,992,000 | B62X8Y8 |
| 0.83% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $1,947,042.45 | 2,099,000 | BCZM189 |
| 0.81% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $1,882,645.90 | 1,752,000 | B62V507 |
| 0.79% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $1,843,847.88 | 2,036,000 | BMD7ZZ1 |
| 0.78% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $1,826,762.23 | 1,629,000 | B1HMKF0 |
| 0.77% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $1,792,070.19 | 1,915,000 | BF04KW8 |
| 0.76% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $1,781,593.59 | 1,578,000 | B2RK1T2 |
| 0.75% | -- | TORONTO-DOMINION BANK | 4.46% | 06/08/2032 | -- | $1,756,274.42 | 1,785,000 | BQB7JS2 |
| 0.75% | -- | SPRINT CAPITAL CORP | 8.75% | 03/15/2032 | -- | $1,749,556.05 | 1,419,000 | 2964029 |
| 0.72% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $1,680,303.04 | 1,651,000 | BP8Y7Q3 |
| 0.71% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $1,654,192.48 | 2,045,000 | BD3RRJ6 |
| 0.69% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $1,622,015.65 | 1,838,000 | BMFKVV6 |
| 0.69% | -- | ROYAL BANK OF CANADA | 5.15% | 02/01/2034 | -- | $1,606,141.70 | 1,560,000 | BRF20R6 |
| 0.68% | -- | CITIGROUP INC | 4.75% | 05/18/2046 | -- | $1,596,326.20 | 1,724,000 | BDGLCL2 |
| 0.66% | -- | TIME WARNER CABLE ENTRMN | 8.38% | 07/15/2033 | -- | $1,554,696.02 | 1,361,000 | 2727266 |
| 0.66% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $1,531,564.53 | 1,362,000 | B3LVPV8 |
| 0.65% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $1,519,006.69 | 1,680,000 | BYRLSF4 |
| 0.63% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $1,480,453.25 | 1,372,000 | B287YY8 |
| 0.63% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $1,475,097.89 | 1,294,000 | B57GT08 |
| 0.63% | -- | JOHN DEERE CAPITAL CORP | 5.15% | 09/08/2033 | -- | $1,461,879.19 | 1,401,000 | BNSP609 |
| 0.61% | -- | FORD MOTOR COMPANY | 7.45% | 07/16/2031 | -- | $1,435,288.98 | 1,307,000 | 5733992 |
| 0.61% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $1,430,208.20 | 1,694,000 | BN6LYH2 |
| 0.60% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $1,401,120.02 | 1,411,000 | BG3KW02 |
| 0.60% | -- | COCA-COLA CO/THE | 3.00% | 03/05/2051 | -- | $1,398,317.28 | 1,943,000 | BNTDCD7 |
| 0.59% | -- | METLIFE INC | 4.88% | 11/13/2043 | -- | $1,383,258.37 | 1,427,000 | BGDXK74 |
| 0.59% | -- | BANCO SANTANDER SA | 6.94% | 11/07/2033 | -- | $1,374,538.09 | 1,200,000 | BQ6C3K2 |
| 0.58% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $1,364,936.56 | 1,298,000 | BWXV3J3 |
| 0.58% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $1,346,272.21 | 1,191,000 | B2NP6Q3 |
| 0.57% | -- | UBS GROUP AG | 4.88% | 05/15/2045 | -- | $1,336,217.76 | 1,389,000 | BPX2D53 |
| 0.57% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $1,327,788.94 | 1,345,000 | BY58YT3 |
| 0.56% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $1,314,723.71 | 1,103,000 | B2PHBR3 |
| 0.56% | -- | OCCIDENTAL PETROLEUM COR | 6.45% | 09/15/2036 | -- | $1,301,945.48 | 1,210,000 | BK8VN61 |
| 0.56% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $1,297,665.84 | 1,141,000 | B170DG6 |
| 0.55% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $1,295,354.97 | 1,340,000 | BLTZ7Y5 |
| 0.55% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $1,291,469.87 | 1,323,000 | BL98SN0 |
| 0.55% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 08/04/2045 | -- | $1,288,782.54 | 1,267,000 | BYWZXG7 |
| 0.54% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $1,268,135.65 | 1,128,000 | B1Z54W6 |
| 0.54% | -- | PARAMOUNT GLOBAL | 4.38% | 03/15/2043 | -- | $1,263,131.79 | 1,740,000 | BCHWWF1 |
| 0.54% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $1,259,575.53 | 1,184,000 | B1VJP74 |
| 0.54% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $1,254,620.00 | 1,355,000 | BYQ29R7 |
| 0.53% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $1,244,357.53 | 1,516,000 | BKVJXB7 |
| 0.53% | -- | MERCEDES-BENZ FIN NA | 8.50% | 01/18/2031 | -- | $1,229,759.24 | 1,023,000 | B065ZJ2 |
| 0.52% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $1,215,202.25 | 1,248,000 | B92PSY5 |
| 0.52% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $1,212,782.12 | 1,607,000 | BLD9486 |
| 0.51% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $1,192,744.68 | 1,138,000 | B7RB2F3 |
| 0.51% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $1,190,273.03 | 1,086,000 | 7392227 |
| 0.50% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $1,179,366.04 | 1,368,000 | BP8JVG6 |
| 0.50% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $1,169,566.25 | 1,327,000 | BKFH1R9 |
| 0.50% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $1,163,360.42 | 1,186,000 | BKJL6Z0 |
| 0.49% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $1,147,236.56 | 1,034,000 | B1YLTG4 |
| 0.49% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $1,147,063.50 | 1,169,000 | B819DG8 |
| 0.49% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $1,139,217.84 | 1,056,000 | B3RZKK8 |
| 0.48% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $1,133,001.64 | 1,178,000 | B8Y96M2 |
| 0.48% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $1,124,697.05 | 902,000 | B2RFJL5 |
| 0.48% | -- | GE AEROSPACE | 6.75% | 03/15/2032 | -- | $1,123,372.50 | 988,000 | 2859233 |
| 0.48% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $1,121,067.63 | 961,000 | 4474021 |
| 0.48% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $1,110,856.52 | 1,015,000 | B1FTHZ2 |
| 0.47% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $1,094,181.64 | 990,000 | B1Z7WM8 |
| 0.46% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $1,079,768.69 | 1,218,000 | BMVPRG2 |
| 0.46% | -- | WELLS FARGO & COMPANY | 4.75% | 12/07/2046 | -- | $1,079,737.81 | 1,198,000 | BDSFRX9 |
| 0.46% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $1,077,776.10 | 950,000 | B283338 |
| 0.45% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $1,044,315.03 | 953,000 | B13VN63 |
| 0.45% | -- | SUMITOMO MITSUI FINL GRP | 5.77% | 01/13/2033 | -- | $1,042,665.05 | 979,000 | BMTX144 |
| 0.44% | -- | BANK OF NOVA SCOTIA | 4.85% | 02/01/2030 | -- | $1,025,942.75 | 1,012,000 | BPP33C1 |
| 0.44% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $1,023,080.73 | 1,094,000 | BJZ7ZQ9 |
| 0.43% | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $998,560.65 | 1,146,000 | BSHZYC3 |
| 0.42% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $982,056.74 | 1,165,000 | BDB2XM8 |
| 0.42% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $980,172.33 | 995,000 | BDCMR69 |
| 0.42% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $975,718.79 | 1,028,000 | BL66P03 |
| 0.42% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $972,871.86 | 984,000 | B57Y827 |
| 0.42% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $972,530.95 | 833,000 | BKPTBZ3 |
| 0.41% | -- | SUMITOMO MITSUI FINL GRP | 6.18% | 07/13/2043 | -- | $963,483.93 | 858,000 | BRF2J57 |
| 0.41% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $961,933.81 | 964,000 | BYTRVR3 |
| 0.41% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $959,386.00 | 827,000 | 2836399 |
| 0.41% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $949,269.76 | 922,000 | B4TV238 |
| 0.41% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $948,661.61 | 1,062,000 | BBD6G92 |
| 0.40% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $942,370.09 | 859,000 | 7518926 |
| 0.40% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $942,275.65 | 922,000 | B5TZB18 |
| 0.40% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $934,364.77 | 989,000 | BXC5WP2 |
| 0.40% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $933,549.15 | 952,000 | BYP6GR9 |
| 0.40% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $932,916.18 | 968,000 | BXC5W85 |
| 0.39% | -- | HP INC | 6.00% | 09/15/2041 | -- | $919,117.76 | 866,000 | B5V6LS6 |
| 0.38% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $892,206.72 | 994,000 | B9D69N3 |
| 0.38% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $886,333.55 | 1,036,000 | BYYXY44 |
| 0.37% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $867,372.45 | 794,000 | B1G7Y98 |
| 0.37% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $863,995.77 | 1,001,000 | B944GF7 |
| 0.37% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $863,802.56 | 1,034,000 | BFMYF65 |
| 0.37% | -- | ROYAL BANK OF CANADA | 5.00% | 02/01/2033 | -- | $862,146.32 | 842,000 | BQ3Q0J5 |
| 0.36% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $844,684.17 | 710,000 | B242VX5 |
| 0.35% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $828,049.53 | 798,000 | B44YJW0 |
| 0.34% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $804,154.52 | 690,000 | B7N7040 |
| 0.34% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $797,387.29 | 701,000 | B2418B9 |
| 0.34% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $795,964.64 | 885,000 | B78K6L3 |
| 0.34% | -- | ELEVANCE HEALTH INC | 4.65% | 01/15/2043 | -- | $788,624.32 | 854,000 | B88F2Y0 |
| 0.32% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $757,743.91 | 739,000 | BYZKXZ8 |
| 0.32% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $754,776.75 | 869,000 | BM9K8M2 |
| 0.32% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $754,150.37 | 844,000 | BF2TMG9 |
| 0.31% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $732,342.51 | 841,000 | BMWC8Z8 |
| 0.31% | -- | VERIZON COMMUNICATIONS | 4.81% | 03/15/2039 | -- | $725,976.91 | 749,000 | BDFLJN4 |
| 0.31% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $724,287.90 | 812,000 | B8HK5Z8 |
| 0.30% | -- | JOHN DEERE CAPITAL CORP | 4.70% | 06/10/2030 | -- | $702,816.81 | 689,000 | BRBD8Z7 |
| 0.30% | -- | METLIFE INC | 5.70% | 06/15/2035 | -- | $697,754.69 | 650,000 | B0BXDC0 |
| 0.30% | -- | JEFFERIES FIN GROUP INC | 4.15% | 01/23/2030 | -- | $697,216.51 | 720,000 | BD1DDP4 |
| 0.30% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $691,900.19 | 769,000 | BGLPFR7 |
| 0.30% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $691,899.36 | 741,000 | BLB6SW1 |
| 0.30% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $691,667.37 | 760,000 | BKY6S54 |
| 0.29% | -- | PRUDENTIAL FUNDING ASIA | 3.13% | 04/14/2030 | -- | $674,336.61 | 721,000 | BPJLBD8 |
| 0.28% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $646,059.16 | 612,000 | BGYY0D2 |
| 0.27% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $628,510.76 | 665,000 | BYRLRK2 |
| 0.27% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $624,901.89 | 504,000 | B2Q1497 |
| 0.26% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $604,781.18 | 627,000 | BYNWXZ6 |
| 0.26% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $603,707.52 | 710,000 | BNBYGX6 |
| 0.25% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $594,268.38 | 683,000 | BL69JN3 |
| 0.25% | -- | MITSUBISHI UFJ FIN GRP | 2.56% | 02/25/2030 | -- | $590,842.59 | 654,000 | BKMGBW4 |
| 0.25% | -- | GOLDMAN SACHS GROUP INC | 6.13% | 02/15/2033 | -- | $574,296.55 | 519,000 | 2350640 |
| 0.24% | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $570,007.20 | 610,000 | BCZQWS8 |
| 0.24% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $563,377.78 | 500,000 | B39XY20 |
| 0.24% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $559,909.67 | 580,000 | B82MC25 |
| 0.22% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $514,555.55 | 452,000 | B29SN65 |
| 0.21% | -- | TOYOTA MOTOR CREDIT CORP | 5.55% | 11/20/2030 | -- | $483,904.48 | 458,000 | BP0VPB3 |
| 0.20% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $471,177.08 | 525,000 | B968SP1 |
| 0.19% | -- | WALMART INC | 5.25% | 09/01/2035 | -- | $440,781.87 | 411,000 | B0J45R4 |
| 0.19% | -- | FORD MOTOR COMPANY | 4.75% | 01/15/2043 | -- | $437,807.33 | 531,000 | B8H94Y7 |
| 0.17% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $408,858.73 | 449,000 | BNG28J5 |
| 0.17% | -- | CISCO SYSTEMS INC | 5.50% | 01/15/2040 | -- | $404,837.38 | 379,000 | B596Q94 |
| 0.15% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $359,286.77 | 358,000 | B1G5DX9 |
| 0.15% | -- | BANK OF AMERICA CORP | 5.00% | 01/21/2044 | -- | $356,253.25 | 355,000 | BJ3WDS4 |
| 0.14% | -- | TIME WARNER CABLE LLC | 6.55% | 05/01/2037 | -- | $328,488.04 | 335,000 | B28WMV6 |
| 0.13% | -- | TRANSCANADA PIPELINES | 7.63% | 01/15/2039 | -- | $303,443.10 | 250,000 | B3KV7R9 |
| 0.12% | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $291,388.48 | 303,000 | BWC4YL2 |
| 0.12% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $286,889.99 | 276,000 | B3B14R7 |
| 0.12% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $279,318.87 | 315,000 | B6Z7568 |
| 0.11% | -- | WYETH LLC | 5.95% | 04/01/2037 | -- | $265,298.28 | 242,000 | B1VQ7M4 |
| 0.10% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $237,598.31 | 243,000 | BM6NVC5 |
| 0.10% | -- | COCA-COLA CO/THE | 2.60% | 06/01/2050 | -- | $234,336.50 | 354,000 | BKSJPS1 |
| 0.10% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $233,898.81 | 215,000 | B1P61P1 |
| 0.10% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $233,042.49 | 364,000 | BLN8Y83 |
| 0.09% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $215,582.09 | 187,000 | B24FYQ8 |
| 0.09% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $215,385.56 | 247,000 | BLPHW40 |
| 0.09% | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $206,207.95 | 224,000 | BYQNQH9 |
| 0.08% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $196,117.82 | 211,000 | BKBQ3G3 |
| 0.08% | -- | VODAFONE GROUP PLC | 5.25% | 05/30/2048 | -- | $190,373.13 | 196,000 | BYWFVF2 |
| 0.08% | -- | WESTPAC BANKING CORP | 2.96% | 11/16/2040 | -- | $180,243.79 | 242,000 | BMX5050 |
| 0.05% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $122,104.54 | 134,000 | BK6WV73 |
| 0.04% | -- | APPLE INC | 3.85% | 05/04/2043 | -- | $88,671.33 | 100,000 | B8HTMS7 |
| 0.03% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $74,760.32 | 100,000 | BKSJPT2 |
| 0.02% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $45,256.19 | 46,000 | BY8L4X3 |
| 0.02% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $43,253.83 | 46,000 | BMMB3K5 |
| 0.01% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/10/2039 | -- | $23,390.26 | 21,000 | B5B54D9 |
| -- | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $9,888.08 | 11,000 | BSKDLG7 |
| -- | -- | BHP BILLITON FIN USA LTD | 4.13% | 02/24/2042 | -- | $8,021.00 | 9,000 | B5NNJ47 |
| -- | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $6,870.91 | 8,000 | BW9JZD9 |
| -- | -- | SHELL INTERNATIONAL FIN | 4.38% | 05/11/2045 | -- | $3,594.14 | 4,000 | BXC5W74 |
| -- | -- | ORACLE CORP | 6.13% | 07/08/2039 | -- | $3,288.73 | 3,000 | B3LR141 |
| -- | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $2,840.25 | 3,000 | BMFVFK6 |
| -- | -- | JPMORGAN CHASE & CO | 4.85% | 02/01/2044 | -- | $1,970.23 | 2,000 | BJ62ZG3 |
| -- | -- | UNITEDHEALTH GROUP INC | 4.75% | 07/15/2045 | -- | $1,911.77 | 2,000 | BYTRVP1 |
| -- | -- | MORGAN STANLEY | 4.30% | 01/27/2045 | -- | $906.04 | 1,000 | BVJXZY5 |
| -- | -- | TWDC ENTERPRISES 18 CORP | 4.13% | 06/01/2044 | -- | $873.74 | 1,000 | BN459D7 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $15,430,229.59 | 15,430,230 | -- |
| -7.79% | -- | US ULTRA BOND CBT BOND 19/DEC/2024 WNZ4 COMDTY | -- | -- | -18,221,875 | -- | -140 | -- |
| -23.17% | -- | US 10YR NOTE (CBT) BOND 19/DEC/2024 TYZ4 COMDTY | -- | -- | -54,165,000 | -- | -480 | -- |
| -58.84% | -- | US LONG BOND(CBT) BOND 19/DEC/2024 USZ4 COMDTY | -- | -- | -137,580,750 | -- | -1,128 | -- |
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
- 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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