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
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
Month-End Total Returns as
of 12/31/2021
| Fund | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| IGHG NAV | 0.81% | -0.82% | -1.16% | 1.23% | 1.23% | 4.71% | 3.02% | -- | 2.52% | 11/05/2013 |
| IGHG Market Price | 0.77% | -0.83% | -1.40% | 0.88% | 0.88% | 4.59% | 2.80% | -- | 2.50% | 11/05/2013 |
| Fund | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| IGHG NAV | 0.81% | -0.82% | -1.16% | 1.23% | 1.23% | 4.71% | 3.02% | -- | 2.52% | 11/05/2013 |
| IGHG Market Price | 0.77% | -0.83% | -1.40% | 0.88% | 0.88% | 4.59% | 2.80% | -- | 2.50% | 11/05/2013 |
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 12/31/2021- Number of Companies 247
- Distribution Yield 2.82%
- SEC 30-Day Yield 2.48%
Price
as of 1/18/2022- NAV $74.30
- NAV Change
-$0.05
- Market Price $74.34
- Market Price Change
-$0.06
- Trading Volume (M) 136,727
- 30-Day Median Bid Ask Spread 0.09%
- 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 12/31/2021- Number of Companies 247
- Distribution Yield 2.82%
- SEC 30-Day Yield 2.48%
Price
as of 1/18/2022- NAV $74.30
- NAV Change
-$0.05
- Market Price $74.34
- Market Price Change
-$0.06
- Trading Volume (M) 136,727
- 30-Day Median Bid Ask Spread 0.09%
- View Premium / Discount
Exposures
Index as of 9/30/2021
Holdings
as of 1/18/2022
| Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts |
|---|---|---|---|---|---|---|---|
| 6.73% | -- | NET OTHER ASSETS / CASH | -- | -- | -- | $71,726,595.11 | 71,726,595 |
| 1.51% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $16,095,490.98 | 14,107,000 |
| 1.40% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $14,929,054.68 | 11,015,000 |
| 1.02% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $10,903,758.17 | 7,938,000 |
| 0.97% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $10,328,458.80 | 6,671,000 |
| 0.95% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $10,082,111.83 | 7,164,000 |
| 0.92% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $9,757,609.62 | 6,905,000 |
| 0.91% | -- | CITIGROUP INC | 4.45% | 09/29/2027 | -- | $9,664,387.21 | 8,874,000 |
| 0.89% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $9,477,990.41 | 7,196,000 |
| 0.88% | -- | IBM CORP | 3.50% | 05/15/2029 | -- | $9,330,666.27 | 8,801,000 |
| 0.86% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $9,207,968.21 | 6,806,000 |
| 0.84% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $8,949,081.92 | 6,651,000 |
| 0.81% | -- | CONOCOPHILLIPS | 6.50% | 02/01/2039 | -- | $8,680,211.85 | 6,196,000 |
| 0.73% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $7,766,134.08 | 6,035,000 |
| 0.71% | -- | VODAFONE GROUP PLC | 4.38% | 05/30/2028 | -- | $7,602,624.42 | 6,871,000 |
| 0.70% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $7,510,305.46 | 6,297,000 |
| 0.68% | -- | WELLS FARGO & COMPANY | 5.38% | 11/02/2043 | -- | $7,292,589.42 | 5,929,000 |
| 0.67% | -- | RAYTHEON TECH CORP | 4.50% | 06/01/2042 | -- | $7,171,014.87 | 6,130,000 |
| 0.67% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $7,131,159.90 | 6,105,000 |
| 0.67% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $7,100,597.87 | 5,804,000 |
| 0.66% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $7,058,924.32 | 5,978,000 |
| 0.66% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $7,035,962.76 | 5,385,000 |
| 0.66% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $6,982,849.12 | 5,252,000 |
| 0.63% | -- | TWDC ENTERPRISES 18 CORP | 4.13% | 06/01/2044 | -- | $6,708,877.17 | 5,994,000 |
| 0.62% | -- | VODAFONE GROUP PLC | 5.25% | 05/30/2048 | -- | $6,574,493.78 | 5,340,000 |
| 0.61% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $6,510,732.53 | 4,945,000 |
| 0.60% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $6,434,448.44 | 6,043,000 |
| 0.60% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $6,417,732.49 | 5,849,000 |
| 0.59% | -- | SUMITOMO MITSUI FINL GRP | 3.04% | 07/16/2029 | -- | $6,326,768.48 | 6,220,000 |
| 0.59% | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $6,242,661.81 | 5,087,000 |
| 0.58% | -- | WYETH LLC | 5.95% | 04/01/2037 | -- | $6,214,986.08 | 4,581,000 |
| 0.58% | -- | TIME WARNER CABLE LLC | 6.55% | 05/01/2037 | -- | $6,195,691.75 | 4,974,000 |
| 0.57% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $6,091,619.88 | 4,432,000 |
| 0.57% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $6,090,551.64 | 4,236,000 |
| 0.57% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $6,057,398.83 | 4,981,000 |
| 0.57% | -- | HSBC HOLDINGS PLC | 4.95% | 03/31/2030 | -- | $6,022,600.52 | 5,277,000 |
| 0.56% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $5,948,608.65 | 5,065,000 |
| 0.56% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $5,923,545.87 | 4,738,000 |
| 0.55% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $5,903,616.13 | 5,485,000 |
| 0.55% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $5,858,972.54 | 4,371,000 |
| 0.54% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $5,803,798.79 | 4,240,000 |
| 0.54% | -- | CITIGROUP INC | 4.13% | 07/25/2028 | -- | $5,764,625.32 | 5,385,000 |
| 0.54% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $5,761,288.31 | 4,460,000 |
| 0.54% | -- | MORGAN STANLEY | 4.30% | 01/27/2045 | -- | $5,747,813.56 | 4,992,000 |
| 0.54% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $5,746,521.98 | 3,827,000 |
| 0.54% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $5,745,933.96 | 5,062,000 |
| 0.54% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $5,704,557.93 | 5,187,000 |
| 0.53% | -- | JPMORGAN CHASE & CO | 5.63% | 08/16/2043 | -- | $5,689,968.74 | 4,323,000 |
| 0.53% | -- | MITSUBISHI UFJ FIN GRP | 4.05% | 09/11/2028 | -- | $5,679,586.52 | 5,196,000 |
| 0.53% | -- | CISCO SYSTEMS INC | 5.50% | 01/15/2040 | -- | $5,632,011.97 | 4,234,000 |
| 0.51% | -- | JPMORGAN CHASE & CO | 5.60% | 07/15/2041 | -- | $5,452,933.61 | 4,177,000 |
| 0.50% | -- | SHELL INTERNATIONAL FIN | 4.38% | 05/11/2045 | -- | $5,366,265.50 | 4,604,000 |
| 0.50% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $5,311,866.69 | 4,007,000 |
| 0.49% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $5,254,244.77 | 5,563,000 |
| 0.49% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $5,247,263.02 | 3,744,000 |
| 0.49% | -- | SOUTHERN COPPER CORP | 5.25% | 11/08/2042 | -- | $5,232,444.50 | 4,274,000 |
| 0.49% | -- | VODAFONE GROUP PLC | 5.00% | 05/30/2038 | -- | $5,215,672.44 | 4,391,000 |
| 0.49% | -- | APPLE INC | 3.85% | 05/04/2043 | -- | $5,169,446.99 | 4,648,000 |
| 0.48% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $5,156,571.74 | 3,823,000 |
| 0.48% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $5,145,142.82 | 5,437,000 |
| 0.48% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $5,144,532.77 | 4,027,000 |
| 0.48% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $5,100,143.60 | 3,692,000 |
| 0.47% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $5,051,794.70 | 4,388,000 |
| 0.47% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $5,047,935.37 | 4,140,000 |
| 0.47% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $5,027,613.63 | 4,245,000 |
| 0.47% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $4,972,848.00 | 3,376,000 |
| 0.47% | -- | SHELL INTERNATIONAL FIN | 5.50% | 03/25/2040 | -- | $4,955,140.38 | 3,800,000 |
| 0.46% | -- | CREDIT SUISSE GROUP AG | 4.88% | 05/15/2045 | -- | $4,849,002.57 | 4,133,000 |
| 0.45% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $4,847,180.36 | 4,275,000 |
| 0.45% | -- | MITSUBISHI UFJ FIN GRP | 2.56% | 02/25/2030 | -- | $4,795,891.52 | 4,881,000 |
| 0.45% | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $4,791,665.49 | 4,214,000 |
| 0.45% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $4,750,076.51 | 3,426,000 |
| 0.44% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $4,686,445.41 | 4,170,000 |
| 0.43% | -- | DAIMLER FINANCE NA LLC | 8.50% | 01/18/2031 | -- | $4,551,083.49 | 3,132,000 |
| 0.42% | -- | WALMART INC | 5.25% | 09/01/2035 | -- | $4,522,203.54 | 3,464,000 |
| 0.42% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $4,503,825.35 | 3,301,000 |
| 0.41% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $4,416,126.80 | 4,190,000 |
| 0.41% | -- | PRUDENTIAL PLC | 3.13% | 04/14/2030 | -- | $4,412,013.68 | 4,244,000 |
| 0.41% | -- | BANCO SANTANDER SA | 3.31% | 06/27/2029 | -- | $4,406,845.32 | 4,264,000 |
| 0.41% | -- | WELLS FARGO & COMPANY | 3.90% | 05/01/2045 | -- | $4,394,103.02 | 4,076,000 |
| 0.41% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $4,390,279.87 | 3,357,000 |
| 0.41% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $4,351,725.08 | 3,122,000 |
| 0.41% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $4,350,175.50 | 3,642,000 |
| 0.41% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $4,349,996.90 | 3,485,000 |
| 0.41% | -- | UNITEDHEALTH GROUP INC | 4.75% | 07/15/2045 | -- | $4,348,630.42 | 3,538,000 |
| 0.41% | -- | CENOVUS ENERGY INC | 6.75% | 11/15/2039 | -- | $4,346,885.89 | 3,327,000 |
| 0.41% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $4,346,577.30 | 3,266,000 |
| 0.41% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $4,343,080.25 | 3,064,000 |
| 0.40% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $4,262,491.66 | 3,840,000 |
| 0.40% | -- | VIACOMCBS INC | 4.38% | 03/15/2043 | -- | $4,247,294.91 | 3,971,000 |
| 0.40% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $4,224,000.00 | 3,200,000 |
| 0.40% | -- | JPMORGAN CHASE & CO | 5.40% | 01/06/2042 | -- | $4,212,243.76 | 3,256,000 |
| 0.39% | -- | NETFLIX INC | 5.88% | 11/15/2028 | -- | $4,123,000.00 | 3,500,000 |
| 0.39% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 08/04/2045 | -- | $4,116,961.78 | 3,288,000 |
| 0.38% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $4,082,025.86 | 4,071,000 |
| 0.38% | -- | BARCLAYS PLC | 4.95% | 01/10/2047 | -- | $4,055,374.47 | 3,388,000 |
| 0.38% | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $4,051,716.77 | 3,470,000 |
| 0.38% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $4,050,267.88 | 3,458,000 |
| 0.38% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $4,015,422.77 | 3,265,000 |
| 0.38% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $4,008,554.92 | 3,611,000 |
| 0.37% | -- | ECOPETROL SA | 5.88% | 05/28/2045 | -- | $3,992,508.00 | 4,490,000 |
| 0.37% | -- | COCA-COLA CO/THE | 3.00% | 03/05/2051 | -- | $3,978,827.65 | 4,017,000 |
| 0.37% | -- | WELLS FARGO & COMPANY | 4.30% | 07/22/2027 | -- | $3,971,956.46 | 3,656,000 |
| 0.37% | -- | CITIGROUP INC | 8.13% | 07/15/2039 | -- | $3,943,552.52 | 2,444,000 |
| 0.37% | -- | LLOYDS BANKING GROUP PLC | 4.38% | 03/22/2028 | -- | $3,917,534.47 | 3,565,000 |
| 0.37% | -- | NETFLIX INC | 4.88% | 04/15/2028 | -- | $3,911,425.00 | 3,500,000 |
| 0.37% | -- | CONOCOPHILLIPS HLDG CO | 6.95% | 04/15/2029 | -- | $3,901,076.48 | 3,038,000 |
| 0.36% | -- | GOLDMAN SACHS GROUP INC | 6.13% | 02/15/2033 | -- | $3,881,613.03 | 3,047,000 |
| 0.36% | -- | WEYERHAEUSER CO | 7.38% | 03/15/2032 | -- | $3,877,648.39 | 2,844,000 |
| 0.36% | -- | ING GROEP NV | 4.05% | 04/09/2029 | -- | $3,856,668.16 | 3,556,000 |
| 0.36% | -- | ORACLE CORP | 5.38% | 07/15/2040 | -- | $3,834,236.82 | 3,314,000 |
| 0.36% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $3,822,101.45 | 2,965,000 |
| 0.36% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $3,811,391.12 | 2,925,000 |
| 0.36% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $3,789,793.72 | 3,609,000 |
| 0.36% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $3,788,231.63 | 3,197,000 |
| 0.35% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $3,759,207.54 | 3,043,000 |
| 0.35% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $3,743,253.14 | 2,693,000 |
| 0.35% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $3,731,840.00 | 2,744,000 |
| 0.35% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $3,707,073.33 | 3,143,000 |
| 0.35% | -- | HSBC HOLDINGS PLC | 6.80% | 06/01/2038 | -- | $3,697,405.89 | 2,720,000 |
| 0.34% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $3,674,769.36 | 3,681,000 |
| 0.34% | -- | WESTPAC BANKING CORP | 2.96% | 11/16/2040 | -- | $3,672,540.25 | 3,970,000 |
| 0.34% | -- | AXA SA | 8.60% | 12/15/2030 | -- | $3,647,301.23 | 2,585,000 |
| 0.34% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $3,645,059.80 | 2,804,000 |
| 0.34% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $3,594,234.60 | 2,835,000 |
| 0.33% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $3,541,311.62 | 2,712,000 |
| 0.33% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $3,501,906.64 | 2,627,000 |
| 0.33% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $3,480,757.12 | 2,530,000 |
| 0.32% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $3,446,686.12 | 3,159,000 |
| 0.32% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $3,443,402.47 | 2,886,000 |
| 0.32% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $3,434,524.28 | 3,026,000 |
| 0.32% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $3,428,886.46 | 2,721,000 |
| 0.32% | -- | CNOOC FINANCE 2015 US | 4.38% | 05/02/2028 | -- | $3,424,961.08 | 3,104,000 |
| 0.32% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $3,407,082.60 | 2,165,000 |
| 0.32% | -- | HP INC | 6.00% | 09/15/2041 | -- | $3,399,614.60 | 2,683,000 |
| 0.32% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $3,393,593.42 | 3,030,000 |
| 0.32% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $3,386,232.87 | 2,570,000 |
| 0.32% | -- | MIZUHO FINANCIAL GROUP | 3.17% | 09/11/2027 | -- | $3,378,594.29 | 3,263,000 |
| 0.32% | -- | WELLS FARGO & COMPANY | 4.75% | 12/07/2046 | -- | $3,375,748.25 | 2,880,000 |
| 0.32% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $3,369,825.95 | 2,632,000 |
| 0.32% | -- | UNITEDHEALTH GROUP INC | 3.85% | 06/15/2028 | -- | $3,359,509.49 | 3,072,000 |
| 0.31% | -- | PNC BANK NA | 4.05% | 07/26/2028 | -- | $3,345,997.70 | 3,059,000 |
| 0.31% | -- | COCA-COLA CO/THE | 2.13% | 09/06/2029 | -- | $3,330,723.48 | 3,377,000 |
| 0.31% | -- | TRANSCANADA PIPELINES | 7.63% | 01/15/2039 | -- | $3,292,573.63 | 2,226,000 |
| 0.31% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $3,287,893.31 | 2,485,000 |
| 0.31% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $3,286,721.91 | 2,577,000 |
| 0.31% | -- | HALLIBURTON CO | 7.45% | 09/15/2039 | -- | $3,285,863.49 | 2,306,000 |
| 0.31% | -- | WESTPAC BANKING CORP | 3.40% | 01/25/2028 | -- | $3,258,681.07 | 3,052,000 |
| 0.31% | -- | METLIFE INC | 5.70% | 06/15/2035 | -- | $3,250,103.25 | 2,514,000 |
| 0.30% | -- | SUMITOMO MITSUI FINL GRP | 2.22% | 09/17/2031 | -- | $3,235,204.51 | 3,420,000 |
| 0.30% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $3,230,195.51 | 2,462,000 |
| 0.30% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $3,229,381.78 | 2,881,000 |
| 0.30% | -- | MITSUBISHI UFJ FIN GRP | 3.74% | 03/07/2029 | -- | $3,217,333.21 | 3,015,000 |
| 0.30% | -- | JPMORGAN CHASE & CO | 4.25% | 10/01/2027 | -- | $3,211,529.74 | 2,942,000 |
| 0.30% | -- | AT&T INC | 5.35% | 09/01/2040 | -- | $3,208,633.75 | 2,658,000 |
| 0.30% | -- | VERIZON COMMUNICATIONS | 4.81% | 03/15/2039 | -- | $3,207,986.00 | 2,692,000 |
| 0.30% | -- | BHP BILLITON FIN USA LTD | 4.13% | 02/24/2042 | -- | $3,201,951.21 | 2,840,000 |
| 0.30% | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $3,179,973.94 | 2,802,000 |
| 0.30% | -- | MITSUBISHI UFJ FIN GRP | 3.96% | 03/02/2028 | -- | $3,166,887.12 | 2,921,000 |
| 0.30% | -- | JEFFERIES GRP LLC / CAP | 4.15% | 01/23/2030 | -- | $3,165,550.90 | 2,942,000 |
| 0.29% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/10/2039 | -- | $3,140,580.12 | 2,454,000 |
| 0.29% | -- | LLOYDS BANKING GROUP PLC | 4.55% | 08/16/2028 | -- | $3,133,556.10 | 2,814,000 |
| 0.29% | -- | PFIZER INC | 4.13% | 12/15/2046 | -- | $3,126,134.35 | 2,672,000 |
| 0.29% | -- | MIZUHO FINANCIAL GROUP | 4.02% | 03/05/2028 | -- | $3,116,112.02 | 2,872,000 |
| 0.29% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $3,063,944.06 | 2,721,000 |
| 0.29% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $3,055,166.68 | 2,375,000 |
| 0.28% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $3,018,875.58 | 2,558,000 |
| 0.28% | -- | WALT DISNEY COMPANY/THE | 2.20% | 01/13/2028 | -- | $3,010,974.76 | 3,024,000 |
| 0.28% | -- | WELLS FARGO & COMPANY | 4.40% | 06/14/2046 | -- | $3,004,099.24 | 2,687,000 |
| 0.28% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $2,968,785.14 | 2,711,000 |
| 0.28% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $2,939,299.92 | 3,060,000 |
| 0.27% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $2,917,717.60 | 2,590,000 |
| 0.27% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $2,916,406.70 | 2,530,000 |
| 0.27% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $2,907,583.03 | 2,377,000 |
| 0.27% | -- | KINDER MORGAN INC/DELAWA | 7.75% | 01/15/2032 | -- | $2,897,686.89 | 2,121,000 |
| 0.27% | -- | CITIGROUP INC | 4.65% | 07/30/2045 | -- | $2,881,468.20 | 2,437,000 |
| 0.27% | -- | GLAXOSMITHKLINE CAP INC | 3.88% | 05/15/2028 | -- | $2,869,189.97 | 2,635,000 |
| 0.27% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $2,869,083.82 | 2,387,000 |
| 0.27% | -- | WESTPAC BANKING CORP | 1.95% | 11/20/2028 | -- | $2,865,848.71 | 2,952,000 |
| 0.26% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $2,799,948.70 | 2,499,000 |
| 0.26% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $2,799,562.21 | 3,063,000 |
| 0.26% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $2,749,538.01 | 2,387,000 |
| 0.26% | -- | VIACOMCBS INC | 6.88% | 04/30/2036 | -- | $2,747,327.04 | 1,990,000 |
| 0.26% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $2,735,547.31 | 2,359,000 |
| 0.26% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $2,721,361.83 | 2,339,000 |
| 0.26% | -- | CNOOC PETROLEUM NORTH | 6.40% | 05/15/2037 | -- | $2,721,275.86 | 2,144,000 |
| 0.25% | -- | TOTALENERGIES CAPITAL SA | 3.88% | 10/11/2028 | -- | $2,659,759.08 | 2,441,000 |
| 0.25% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $2,658,064.71 | 2,429,000 |
| 0.25% | -- | BANCO SANTANDER SA | 4.38% | 04/12/2028 | -- | $2,621,463.58 | 2,402,000 |
| 0.25% | -- | VERIZON COMMUNICATIONS | 4.33% | 09/21/2028 | -- | $2,614,854.20 | 2,362,000 |
| 0.24% | -- | CITIGROUP INC | 4.75% | 05/18/2046 | -- | $2,608,355.85 | 2,229,000 |
| 0.24% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $2,604,981.20 | 2,146,000 |
| 0.24% | -- | ORACLE CORP | 6.13% | 07/08/2039 | -- | $2,554,470.20 | 2,042,000 |
| 0.24% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $2,518,039.35 | 2,598,000 |
| 0.24% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $2,506,101.05 | 2,227,000 |
| 0.23% | -- | COCA-COLA CO/THE | 1.00% | 03/15/2028 | -- | $2,496,960.70 | 2,666,000 |
| 0.23% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $2,459,738.34 | 2,313,000 |
| 0.23% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $2,419,093.39 | 2,353,000 |
| 0.23% | -- | ANTHEM INC | 4.65% | 01/15/2043 | -- | $2,418,270.45 | 2,056,000 |
| 0.23% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $2,400,181.27 | 1,642,000 |
| 0.22% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $2,379,859.00 | 2,512,000 |
| 0.22% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $2,343,279.83 | 1,652,000 |
| 0.22% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $2,313,222.65 | 1,766,000 |
| 0.22% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $2,310,522.80 | 2,045,000 |
| 0.21% | -- | SUMITOMO MITSUI FINL GRP | 3.36% | 07/12/2027 | -- | $2,286,386.97 | 2,172,000 |
| 0.21% | -- | NOMURA HOLDINGS INC | 2.17% | 07/14/2028 | -- | $2,247,932.87 | 2,348,000 |
| 0.21% | -- | IBM CORP | 4.00% | 06/20/2042 | -- | $2,222,598.25 | 2,050,000 |
| 0.21% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $2,219,244.42 | 1,950,000 |
| 0.21% | -- | WELLS FARGO & COMPANY | 4.65% | 11/04/2044 | -- | $2,218,743.74 | 1,972,000 |
| 0.20% | -- | ANHEUSER-BUSCH INBEV WOR | 3.75% | 07/15/2042 | -- | $2,158,208.57 | 2,090,000 |
| 0.20% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $2,147,439.22 | 1,643,000 |
| 0.20% | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $2,102,130.78 | 1,761,000 |
| 0.20% | -- | SUMITOMO MITSUI FINL GRP | 1.90% | 09/17/2028 | -- | $2,096,995.80 | 2,200,000 |
| 0.20% | -- | COCA-COLA CO/THE | 2.60% | 06/01/2050 | -- | $2,079,423.63 | 2,253,000 |
| 0.19% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $2,069,583.00 | 2,301,000 |
| 0.19% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $2,068,721.95 | 1,895,000 |
| 0.19% | -- | ING GROEP NV | 4.55% | 10/02/2028 | -- | $1,997,989.90 | 1,792,000 |
| 0.19% | -- | METLIFE INC | 4.88% | 11/13/2043 | -- | $1,987,467.82 | 1,596,000 |
| 0.19% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $1,975,642.13 | 1,666,000 |
| 0.18% | -- | MITSUBISHI UFJ FIN GRP | 3.20% | 07/18/2029 | -- | $1,951,750.53 | 1,900,000 |
| 0.18% | -- | UNITEDHEALTH GROUP INC | 2.88% | 08/15/2029 | -- | $1,910,975.73 | 1,857,000 |
| 0.18% | -- | MITSUBISHI UFJ FIN GRP | 3.29% | 07/25/2027 | -- | $1,905,248.35 | 1,821,000 |
| 0.17% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $1,834,240.34 | 1,900,000 |
| 0.17% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $1,823,375.16 | 1,687,000 |
| 0.17% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $1,782,134.32 | 1,776,000 |
| 0.17% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $1,775,357.59 | 1,879,000 |
| 0.16% | -- | CITIGROUP INC | 5.88% | 01/30/2042 | -- | $1,749,715.08 | 1,306,000 |
| 0.16% | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $1,703,539.35 | 1,436,000 |
| 0.16% | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $1,677,330.95 | 1,546,000 |
| 0.16% | -- | BANK OF AMERICA CORP | 5.00% | 01/21/2044 | -- | $1,668,940.06 | 1,354,000 |
| 0.15% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $1,647,277.29 | 1,290,000 |
| 0.15% | -- | AMERICA MOVIL SAB DE CV | 6.38% | 03/01/2035 | -- | $1,601,286.32 | 1,197,000 |
| 0.15% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $1,588,545.71 | 1,685,000 |
| 0.13% | -- | TIME WARNER ENTERTAINMEN | 8.38% | 07/15/2033 | -- | $1,420,290.24 | 1,017,000 |
| 0.11% | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $1,154,092.23 | 1,184,000 |
| 0.11% | -- | BANCO SANTANDER SA | 3.80% | 02/23/2028 | -- | $1,150,521.22 | 1,088,000 |
| 0.11% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $1,129,381.90 | 953,000 |
| 0.10% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $1,101,137.90 | 1,136,000 |
| 0.09% | -- | JPMORGAN CHASE & CO | 4.85% | 02/01/2044 | -- | $992,768.59 | 812,000 |
| 0.08% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $815,729.67 | 589,000 |
| 0.07% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $711,734.50 | 747,000 |
| 0.06% | -- | VERIZON COMMUNICATIONS | 4.13% | 08/15/2046 | -- | $690,109.33 | 629,000 |
| 0.05% | -- | COCA-COLA CO/THE | 1.38% | 03/15/2031 | -- | $504,631.08 | 552,000 |
| 0.03% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $349,407.75 | 372,000 |
| -- | -- | US 10YR NOTE FUTURE 03/22/2022 (TYH2) | -- | -- | -265,322,125 | -- | -2,083 |
| -- | -- | US LONG FUTURE 03/22/2022 (USH2) | -- | -- | -599,688,625 | -- | -3,902 |
| -- | -- | US ULTRA BOND FUTURE 03/22/2022 (WNH2) | -- | -- | -150,871,344 | -- | -811 |
Index
as of 9/30/2021
- Total Number of Issues260
- Weighted Average Maturity16.60 Years
- Weighted Average Coupon5.09%
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 |
|---|
Hedge Against Rising Rates Research & Insights
Bond Strategies for Rising Rates—Shorten, Float or Hedge?
Interest rates play a critical role in fixed income returns. When rates rise, bond prices fall. Conversely, when rates fall, bond prices rise. Navigating a shifting climate requires planning. There are a variety of strategies available, which we'll explore here.
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