IGHG
Investment Grade—Interest Rate Hedged
Why Invest in IGHG?
-
Provides the return potential of a diversified portfolio of investment grade corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Why Invest in IGHG?
-
Provides the return potential of a diversified portfolio of investment grade corporate bonds.
-
Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures.
-
Generally offers lower interest rate sensitivity than short-term bonds by targeting a duration of zero.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Growth of $10,000
Since Inception
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
IGHG Market Price | 1.09% | 2.36% | 6.06% | 2.36% | 12.18% | 3.69% | 4.31% | 2.92% | 3.18% | 11/05/2013 |
IGHG NAV | 0.84% | 2.37% | 5.67% | 2.37% | 12.69% | 4.00% | 4.31% | 2.99% | 3.17% | 11/05/2013 |
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.88% | 2.55% | 6.33% | 2.55% | 13.30% | 4.77% | 4.72% | 3.32% | 3.54% | -- |
Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
---|---|---|---|---|---|---|---|---|---|---|
IGHG Market Price | 1.09% | 2.36% | 6.06% | 2.36% | 12.18% | 3.69% | 4.31% | 2.92% | 3.18% | 11/05/2013 |
IGHG NAV | 0.84% | 2.37% | 5.67% | 2.37% | 12.69% | 4.00% | 4.31% | 2.99% | 3.17% | 11/05/2013 |
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index | 0.88% | 2.55% | 6.33% | 2.55% | 13.30% | 4.77% | 4.72% | 3.32% | 3.54% | -- |
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
- Distributions Monthly
Characteristics
as of 3/31/2024- Number of Companies --
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Distribution Yield 5.45%
Distribution Yield represents the annualized yield based on the last income distribution.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- SEC 30-Day Yield 5.00%
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 5.25% - Net Effective Duration -0.09%
Price
as of 4/18/2024- NAV $76.57
- NAV Change $+0.04
- Market Price $76.59
- Market Price Change $+0.10
- Trading Volume (M) 13,219
- 30-Day Median Bid Ask Spread 0.18%
- 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 3/31/2024- Number of Companies --
- Price/Earnings Ratio --
- Price/Book Ratio --
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Distribution Yield 5.45%
Distribution Yield represents the annualized yield based on the last income distribution.
- Weighted Avg. Market Cap --
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
- SEC 30-Day Yield 5.00%
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 5.25%
- Net Effective Duration -0.09%
Price
as of 4/18/2024- NAV $76.57
- NAV Change $+0.04
- Market Price $76.59
- Market Price Change $+0.10
- Trading Volume (M) 13,219
- 30-Day Median Bid Ask Spread 0.18%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 4/18/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.71% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $4,817,215.82 | 4,900,000 | B43XY12 |
1.69% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $4,758,503.72 | 4,581,000 | B43DYH8 |
1.61% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $4,518,429.90 | 5,475,000 | BYM4WR8 |
1.45% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $4,073,151.67 | 5,357,000 | BVVCSF2 |
1.43% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $4,010,327.65 | 3,847,000 | B2QR213 |
1.30% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $3,662,661.71 | 3,596,000 | B6T0187 |
1.29% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $3,617,787.99 | 3,474,000 | B4YDXD6 |
1.27% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $3,571,817.99 | 3,100,000 | B65HZL3 |
1.25% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $3,525,438.50 | 3,731,000 | BJTGHH7 |
1.20% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $3,385,070.74 | 3,317,000 | B1SBFX9 |
1.18% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $3,323,090.92 | 4,078,000 | B8C0348 |
1.15% | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $3,244,685.02 | 4,062,000 | BFY97C8 |
1.06% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $2,977,042.55 | 2,894,000 | B24FY35 |
1.05% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $2,954,451.90 | 2,752,000 | B39F3N0 |
1.02% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $2,869,338.90 | 2,770,000 | B1L80H6 |
1.02% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $2,861,601.81 | 2,671,000 | BCRXKM7 |
1.01% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $2,835,639.94 | 2,635,000 | B2RDM21 |
0.99% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $2,787,313.52 | 3,259,000 | BYQ29R7 |
0.96% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $2,695,049.85 | 2,937,000 | BF6DYK5 |
0.95% | -- | BANCO SANTANDER SA | 6.92% | 08/08/2033 | -- | $2,674,706.16 | 2,638,000 | BRF3T49 |
0.94% | -- | RTX CORP | 4.50% | 06/01/2042 | -- | $2,649,230.44 | 3,117,000 | B86VSX1 |
0.93% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $2,613,812.26 | 3,441,000 | BD3RRJ6 |
0.93% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $2,611,128.58 | 2,998,000 | BZ3FFJ0 |
0.88% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $2,474,642.43 | 2,965,000 | BYRLSF4 |
0.86% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $2,416,951.85 | 2,943,000 | BKSJPV4 |
0.86% | -- | SPRINT CAPITAL CORP | 8.75% | 03/15/2032 | -- | $2,412,301.12 | 2,038,000 | 2964029 |
0.85% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $2,392,233.50 | 2,611,000 | BYT35M4 |
0.82% | -- | CITIGROUP INC | 4.75% | 05/18/2046 | -- | $2,311,660.50 | 2,748,000 | BDGLCL2 |
0.81% | -- | SUMITOMO MITSUI FINL GRP | 5.71% | 01/13/2030 | -- | $2,272,358.44 | 2,259,000 | BNM9D17 |
0.80% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $2,262,585.63 | 2,183,000 | B1HMKF0 |
0.78% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $2,207,312.92 | 2,204,000 | B287YY8 |
0.78% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $2,181,381.67 | 2,388,000 | BY58YT3 |
0.77% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $2,155,527.66 | 2,518,000 | BMD7ZZ1 |
0.76% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $2,136,617.27 | 1,975,000 | B3KFDY0 |
0.74% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $2,085,453.36 | 2,404,000 | BF04KW8 |
0.74% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $2,075,056.69 | 2,330,000 | BYZYSL1 |
0.73% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $2,062,448.51 | 2,562,000 | BM9K8M2 |
0.73% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $2,059,387.33 | 2,395,000 | BCZM189 |
0.73% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $2,041,888.17 | 1,890,000 | B3LVPV8 |
0.72% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $2,019,023.53 | 2,001,000 | B62V507 |
0.71% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $1,993,570.53 | 1,844,000 | B57GT08 |
0.69% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $1,942,977.12 | 1,815,000 | B170DG6 |
0.68% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $1,901,696.10 | 1,710,000 | B242VX5 |
0.66% | -- | VERIZON COMMUNICATIONS | 4.81% | 03/15/2039 | -- | $1,856,715.52 | 2,055,000 | BDFLJN4 |
0.64% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $1,814,078.82 | 1,728,000 | B2RK1T2 |
0.64% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $1,813,086.25 | 1,546,000 | B2RFJL5 |
0.64% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $1,798,511.43 | 1,976,000 | B62X8Y8 |
0.64% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $1,798,051.35 | 1,949,000 | BF22PM5 |
0.63% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $1,780,891.86 | 1,843,000 | BP8Y7Q3 |
0.61% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $1,727,544.95 | 1,861,000 | BL98SN0 |
0.59% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $1,657,732.19 | 1,775,000 | BG3KW02 |
0.59% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $1,654,405.41 | 1,563,000 | B1Z54W6 |
0.59% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $1,649,515.20 | 2,424,000 | BLD9486 |
0.58% | -- | OCCIDENTAL PETROLEUM COR | 6.45% | 09/15/2036 | -- | $1,641,131.39 | 1,594,000 | BK8VN61 |
0.57% | -- | CONOCOPHILLIPS | 6.50% | 02/01/2039 | -- | $1,616,715.58 | 1,485,000 | B4T4431 |
0.57% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $1,597,521.61 | 1,555,000 | B1FTHZ2 |
0.57% | -- | MERCEDES-BENZ FIN NA | 8.50% | 01/18/2031 | -- | $1,590,611.55 | 1,341,000 | B065ZJ2 |
0.56% | -- | TORONTO-DOMINION BANK | 4.46% | 06/08/2032 | -- | $1,578,308.09 | 1,702,000 | BQB7JS2 |
0.55% | -- | FORD MOTOR COMPANY | 7.45% | 07/16/2031 | -- | $1,540,750.22 | 1,459,000 | 5733992 |
0.53% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $1,503,940.80 | 1,725,000 | BJZ7ZQ9 |
0.53% | -- | PARAMOUNT GLOBAL | 4.38% | 03/15/2043 | -- | $1,496,578.82 | 2,304,000 | BCHWWF1 |
0.53% | -- | METLIFE INC | 4.88% | 11/13/2043 | -- | $1,483,952.95 | 1,675,000 | BGDXK74 |
0.52% | -- | TIME WARNER CABLE LLC | 6.55% | 05/01/2037 | -- | $1,472,522.38 | 1,626,000 | B28WMV6 |
0.52% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $1,467,969.79 | 1,938,000 | BKVJXB7 |
0.51% | -- | UBS GROUP AG | 4.88% | 05/15/2045 | -- | $1,446,431.40 | 1,652,000 | BPX2D53 |
0.51% | -- | ROYAL BANK OF CANADA | 5.15% | 02/01/2034 | -- | $1,446,157.19 | 1,500,000 | BRF20R6 |
0.50% | -- | JOHN DEERE CAPITAL CORP | 5.15% | 09/08/2033 | -- | $1,412,756.09 | 1,428,000 | BNSP609 |
0.50% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $1,409,178.51 | 1,341,000 | B1YLTG4 |
0.49% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $1,390,676.17 | 1,308,000 | B2NP6Q3 |
0.49% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $1,379,985.60 | 1,466,000 | BYTRVR3 |
0.49% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $1,371,105.42 | 1,499,000 | B92PSY5 |
0.48% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $1,362,650.88 | 1,563,000 | BXC5WP2 |
0.48% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $1,342,937.66 | 1,694,000 | BN6LYH2 |
0.47% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 08/04/2045 | -- | $1,318,771.70 | 1,417,000 | BYWZXG7 |
0.47% | -- | BANK OF NOVA SCOTIA | 4.85% | 02/01/2030 | -- | $1,315,111.39 | 1,358,000 | BPP33C1 |
0.47% | -- | SUMITOMO MITSUI FINL GRP | 6.18% | 07/13/2043 | -- | $1,308,805.31 | 1,243,000 | BRF2J57 |
0.46% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $1,306,373.85 | 1,160,000 | B2PHBR3 |
0.46% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $1,300,925.37 | 1,161,000 | 4474021 |
0.46% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $1,294,212.12 | 1,589,000 | BL69JN3 |
0.46% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $1,293,711.63 | 1,292,000 | B7RB2F3 |
0.45% | -- | BANCO SANTANDER SA | 6.94% | 11/07/2033 | -- | $1,280,173.74 | 1,200,000 | BQ6C3K2 |
0.45% | -- | ECOPETROL SA | 5.88% | 05/28/2045 | -- | $1,268,936.47 | 1,772,000 | BMQXLW5 |
0.45% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $1,259,199.89 | 1,399,000 | BMFVFK6 |
0.44% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $1,234,803.05 | 1,406,000 | BLB6SW1 |
0.44% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $1,230,872.34 | 1,374,000 | BXC5W85 |
0.43% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $1,219,917.38 | 1,248,000 | BWXV3J3 |
0.43% | -- | UNITED AIR 2023-1 A PTT | 5.80% | 01/15/2036 | -- | $1,211,024.75 | 1,223,000 | -- |
0.43% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $1,205,189.15 | 1,312,000 | BDCMR69 |
0.43% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $1,202,263.37 | 1,501,000 | B944GF7 |
0.42% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $1,193,296.93 | 1,515,000 | BDB2XM8 |
0.42% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $1,176,339.61 | 1,088,000 | 2859233 |
0.42% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $1,170,675.04 | 1,090,000 | B7N7040 |
0.41% | -- | TIME WARNER CABLE ENTRMN | 8.38% | 07/15/2033 | -- | $1,160,257.51 | 1,068,000 | 2727266 |
0.41% | -- | IBM CORP | 4.00% | 06/20/2042 | -- | $1,153,971.99 | 1,441,000 | B8J5PR3 |
0.41% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $1,153,348.15 | 1,354,000 | BNG28J5 |
0.41% | -- | COCA-COLA CO/THE | 2.25% | 01/05/2032 | -- | $1,143,246.16 | 1,383,000 | BLF8XX9 |
0.40% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $1,138,129.71 | 1,278,000 | B8Y96M2 |
0.40% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $1,122,987.55 | 1,151,000 | BGYY0D2 |
0.40% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $1,119,475.97 | 1,094,000 | B1Z7WM8 |
0.39% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $1,109,158.93 | 1,239,000 | BKJL6Z0 |
0.39% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $1,100,617.67 | 1,351,000 | BKFH1R9 |
0.39% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $1,089,102.41 | 1,185,000 | BLTZ7Y5 |
0.39% | -- | CNOOC PETROLEUM NORTH | 6.40% | 05/15/2037 | -- | $1,087,645.78 | 995,000 | B1WV0T6 |
0.39% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $1,086,989.23 | 1,261,000 | BKY6S54 |
0.39% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $1,086,294.63 | 1,036,000 | B283338 |
0.38% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $1,076,924.19 | 1,044,000 | B1G7Y98 |
0.38% | -- | HP INC | 6.00% | 09/15/2041 | -- | $1,075,502.03 | 1,086,000 | B5V6LS6 |
0.38% | -- | HSBC HOLDINGS PLC | 4.95% | 03/31/2030 | -- | $1,074,773.35 | 1,115,000 | BLCC7J8 |
0.38% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $1,069,927.84 | 1,288,000 | BMFKVV6 |
0.38% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $1,068,053.72 | 1,230,000 | BKRMRV8 |
0.38% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $1,067,532.29 | 1,056,000 | B3RZKK8 |
0.38% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $1,065,810.10 | 1,169,000 | B819DG8 |
0.38% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $1,058,246.89 | 1,264,000 | B9D69N3 |
0.37% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $1,048,881.36 | 1,000,000 | B39XY20 |
0.36% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $1,021,977.76 | 1,048,000 | B4TV238 |
0.36% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $1,012,599.85 | 973,000 | 7518926 |
0.36% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $1,010,191.27 | 887,000 | B2Q1497 |
0.35% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $991,940.74 | 1,027,000 | B44YJW0 |
0.35% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $978,834.93 | 1,294,000 | BFMYF65 |
0.35% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $973,196.11 | 1,078,000 | BL66P03 |
0.34% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $970,088.82 | 1,161,000 | BMVPRG2 |
0.34% | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $969,874.39 | 1,110,000 | BCZQWS8 |
0.34% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $969,075.76 | 1,052,000 | BYP6GR9 |
0.34% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $964,795.23 | 1,171,000 | B8HK5Z8 |
0.34% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $960,367.11 | 1,059,000 | BYNWXZ6 |
0.34% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $955,293.54 | 867,000 | BKPTBZ3 |
0.33% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $931,959.22 | 965,000 | BYZKXZ8 |
0.33% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $927,799.41 | 984,000 | B57Y827 |
0.32% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $913,266.12 | 842,000 | B24FYQ8 |
0.32% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $909,723.15 | 1,017,000 | B82MC25 |
0.32% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $898,799.10 | 943,000 | B5TZB18 |
0.32% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $897,624.13 | 843,000 | B2418B9 |
0.32% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $889,137.62 | 859,000 | B13VN63 |
0.31% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $874,382.11 | 1,062,000 | BBD6G92 |
0.31% | -- | TOYOTA MOTOR CREDIT CORP | 5.55% | 11/20/2030 | -- | $871,289.23 | 863,000 | BP0VPB3 |
0.31% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $870,365.02 | 1,045,000 | BF2TMG9 |
0.31% | -- | COCA-COLA CO/THE | 3.00% | 03/05/2051 | -- | $866,751.06 | 1,302,000 | BNTDCD7 |
0.29% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $828,912.46 | 796,000 | 7392227 |
0.29% | -- | SUMITOMO MITSUI FINL GRP | 5.77% | 01/13/2033 | -- | $822,297.93 | 815,000 | BMTX144 |
0.29% | -- | ROYAL BANK OF CANADA | 5.00% | 02/01/2033 | -- | $811,950.27 | 842,000 | BQ3Q0J5 |
0.29% | -- | JEFFERIES FIN GROUP INC | 4.15% | 01/23/2030 | -- | $809,003.08 | 892,000 | BD1DDP4 |
0.29% | -- | METLIFE INC | 5.70% | 06/15/2035 | -- | $804,075.82 | 798,000 | B0BXDC0 |
0.28% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $801,757.24 | 975,000 | B968SP1 |
0.28% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $783,580.08 | 1,326,000 | BLN8Y83 |
0.28% | -- | ELEVANCE HEALTH INC | 4.65% | 01/15/2043 | -- | $782,654.80 | 904,000 | B88F2Y0 |
0.28% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $776,966.40 | 974,000 | BYYXY44 |
0.28% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $774,870.73 | 921,000 | BFY9706 |
0.26% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $742,021.98 | 892,000 | B6Z7568 |
0.26% | -- | PRUDENTIAL FUNDING ASIA | 3.13% | 04/14/2030 | -- | $739,408.56 | 841,000 | BPJLBD8 |
0.26% | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $737,315.84 | 931,000 | BSHZYC3 |
0.26% | -- | FORD MOTOR COMPANY | 4.75% | 01/15/2043 | -- | $727,655.29 | 928,000 | B8H94Y7 |
0.26% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $725,331.18 | 869,000 | BGLPFR7 |
0.26% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $725,013.99 | 711,000 | B1P61P1 |
0.25% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $703,145.72 | 882,000 | BNBYGX6 |
0.25% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $700,663.35 | 868,000 | BP8JVG6 |
0.24% | -- | WELLS FARGO & COMPANY | 4.65% | 11/04/2044 | -- | $679,898.72 | 819,000 | BS9FPF1 |
0.24% | -- | UNITEDHEALTH GROUP INC | 4.75% | 07/15/2045 | -- | $669,537.90 | 750,000 | BYTRVP1 |
0.23% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $647,209.24 | 791,000 | BMWC8Z8 |
0.23% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $640,200.52 | 782,000 | BLPHW40 |
0.21% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $581,732.03 | 645,000 | BM6NVC5 |
0.20% | -- | MITSUBISHI UFJ FIN GRP | 2.56% | 02/25/2030 | -- | $557,480.29 | 654,000 | BKMGBW4 |
0.20% | -- | WYETH LLC | 5.95% | 04/01/2037 | -- | $554,825.57 | 534,000 | B1VQ7M4 |
0.19% | -- | BANK OF AMERICA CORP | 5.00% | 01/21/2044 | -- | $532,035.01 | 578,000 | BJ3WDS4 |
0.19% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $525,785.45 | 635,000 | B78K6L3 |
0.18% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $519,033.72 | 517,000 | B1VJP74 |
0.18% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $497,744.68 | 451,000 | 2836399 |
0.17% | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $491,105.64 | 580,000 | BSKDLG7 |
0.17% | -- | WELLS FARGO & COMPANY | 4.75% | 12/07/2046 | -- | $490,712.10 | 585,000 | BDSFRX9 |
0.17% | -- | JOHN DEERE CAPITAL CORP | 4.70% | 06/10/2030 | -- | $479,675.40 | 493,000 | BRBD8Z7 |
0.17% | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $479,338.50 | 581,000 | BM9CQB3 |
0.16% | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $445,499.92 | 503,000 | BWC4YL2 |
0.14% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $404,822.03 | 444,000 | B1G5DX9 |
0.14% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $380,894.87 | 361,000 | B29SN65 |
0.13% | -- | WESTPAC BANKING CORP | 2.96% | 11/16/2040 | -- | $377,241.16 | 557,000 | BMX5050 |
0.11% | -- | SOUTHERN COPPER CORP | 5.25% | 11/08/2042 | -- | $322,891.84 | 350,000 | B8ZRND5 |
0.11% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $316,923.78 | 326,000 | B3B14R7 |
0.11% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $309,166.40 | 450,000 | BKSJPT2 |
0.10% | -- | SUMITOMO MITSUI FINL GRP | 2.22% | 09/17/2031 | -- | $291,450.99 | 367,000 | BMHLCZ8 |
0.10% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $268,660.00 | 298,000 | BY8L4X3 |
0.09% | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $252,880.92 | 300,000 | BYQNQH9 |
0.08% | -- | CITIGROUP INC | 8.13% | 07/15/2039 | -- | $227,450.18 | 186,000 | B3Q88R1 |
0.08% | -- | TRANSCANADA PIPELINES | 7.63% | 01/15/2039 | -- | $225,237.44 | 200,000 | B3KV7R9 |
0.08% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $211,086.37 | 250,000 | BK6WV73 |
0.07% | -- | SHELL INTERNATIONAL FIN | 4.38% | 05/11/2045 | -- | $209,679.97 | 250,000 | BXC5W74 |
0.07% | -- | WALMART INC | 5.25% | 09/01/2035 | -- | $205,563.34 | 203,000 | B0J45R4 |
0.07% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/10/2039 | -- | $193,643.92 | 187,000 | B5B54D9 |
0.07% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $190,339.67 | 215,000 | BYRLRK2 |
0.06% | -- | WELLS FARGO & COMPANY | 3.90% | 05/01/2045 | -- | $180,343.78 | 233,000 | BX2H0V0 |
0.06% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $169,592.95 | 199,000 | BKBQ3G3 |
0.06% | -- | APPLE INC | 3.85% | 05/04/2043 | -- | $164,410.38 | 200,000 | B8HTMS7 |
0.04% | -- | COCA-COLA CO/THE | 2.60% | 06/01/2050 | -- | $123,933.34 | 204,000 | BKSJPS1 |
0.04% | -- | TWDC ENTERPRISES 18 CORP | 4.13% | 06/01/2044 | -- | $103,788.56 | 127,000 | BN459D7 |
0.01% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $39,839.53 | 46,000 | BMMB3K5 |
-- | -- | COCA-COLA CO/THE | 1.38% | 03/15/2031 | -- | $9,457.13 | 12,000 | BLR6S70 |
-- | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $6,264.54 | 8,000 | BW9JZD9 |
-- | -- | BHP BILLITON FIN USA LTD | 4.13% | 02/24/2042 | -- | $3,310.58 | 4,000 | B5NNJ47 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $16,517,591.74 | 16,517,592 | -- |
-9.75% | -- | US ULTRA BOND CBT BOND 18/JUN/2024 WNM4 COMDTY | -- | -- | -27,431,250 | -- | -228 | -- |
-27.52% | -- | US 10YR NOTE (CBT) BOND 18/JUN/2024 TYM4 COMDTY | -- | -- | -77,438,547 | -- | -719 | -- |
-54.10% | -- | US LONG BOND(CBT) BOND 18/JUN/2024 USM4 COMDTY | -- | -- | -152,242,750 | -- | -1,334 | -- |
Index
as of 3/28/2024
- Total Number of Issues214
- Long Portfolio Duration9.90
- Net Effective Duration-0.04
- Long Portfolio Yield5.41
- Net Index Yield6.55
About the Index
The index is comprised of (a) long positions in USD-denominated investment grade corporate bonds issued by both U.S. and foreign domiciled companies; and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration to the investment grade bonds. In entering these positions, the index seeks to achieve an overall effective duration of zero.
By taking short Treasury Security positions (of an aggregate dollar value not exceeding the aggregate dollar value of the fund's assets), the index seeks to mitigate the potential negative impact of rising Treasury interest rates ("interest rates") on the performance of investment grade bonds (conversely limiting the potential positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of investment grade bonds, such as credit risk, which may have a greater impact than rising or falling interest rates.
The long investment grade bond positions included in the index are designed to represent the more liquid universe of investment grade bonds offered within the United States. Currently, the bonds eligible for inclusion in the index include all investment grade bonds that are issued by U.S. and internationally domiciled companies that are: fixed rate; have a minimum rating of Baa3/BBB- by both Moody's Investors Service, Inc. ("Moody's") and Standard and Poor's Financial Services, LLC ("S&P"); have a minimum face amount outstanding of $1 billion; and have at least five and a half (5.5) years until maturity.
The index is reconstituted and rebalanced (including a reset of the interest rate hedge) on a monthly basis.
Distributions
For
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
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