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.

Performance

Growth of $10,000

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

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% --

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 7/01/2022
  • NAV $68.62
  • NAV Change $-0.38 down caret
  • Market Price $68.98
  • Market Price Change $+0.07 up caret
  • Trading Volume (M) 51,284
  • 30-Day Median Bid Ask Spread 0.24%
  • View Premium / Discount
Snapshot
  • Ticker IGHG
  • Intraday Ticker IGHG.IV
  • CUSIP 74347B607
  • Inception Date 11/5/13
  • Unitary Expense Ratio 0.30%
  • NAV Calculation Time 3:00 p.m. ET
  • Distributions Monthly
Characteristics
as of 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 7/01/2022
  • NAV $68.62
  • NAV Change $-0.38 down caret
  • Market Price $68.98
  • Market Price Change $+0.07 up caret
  • Trading Volume (M) 51,284
  • 30-Day Median Bid Ask Spread 0.24%
  • View Premium / Discount

Exposures

Index as of 3/31/2022

Holdings

as of 7/01/2022

Weight Ticker Description Coupon Rate Maturity Date Exposure Value
(Notional + GL)
Market Value Shares/Contracts
2.00% -- GOLDMAN SACHS GROUP INC 6.75% 10/01/2037 -- $11,031,880.58 9,858,000
1.77% -- GE CAPITAL INTL FUNDING 4.42% 11/15/2035 -- $9,787,468.40 10,361,000
1.64% -- HSBC HOLDINGS PLC 4.95% 03/31/2030 -- $9,063,581.70 9,134,000
1.38% -- IBM CORP 3.50% 05/15/2029 -- $7,620,192.64 7,995,000
1.24% -- ASTRAZENECA PLC 6.45% 09/15/2037 -- $6,828,576.56 5,649,000
1.22% -- BANK OF AMERICA CORP 5.88% 02/07/2042 -- $6,736,552.41 6,234,000
1.20% -- PFIZER INC 7.20% 03/15/2039 -- $6,633,914.01 5,060,000
1.15% -- APPLE INC 4.38% 05/13/2045 -- $6,347,476.81 6,394,000
1.11% -- CITIGROUP INC 4.13% 07/25/2028 -- $6,138,647.36 6,356,000
1.07% -- TIME WARNER CABLE LLC 6.55% 05/01/2037 -- $5,937,587.94 5,870,000
1.05% -- GLAXOSMITHKLINE CAP INC 6.38% 05/15/2038 -- $5,789,564.59 4,851,000
1.04% -- VERIZON COMMUNICATIONS 4.86% 08/21/2046 -- $5,730,434.11 5,767,000
1.01% -- HOME DEPOT INC 5.88% 12/16/2036 -- $5,571,981.11 4,802,000
1.01% -- HSBC HOLDINGS PLC 6.50% 05/02/2036 -- $5,558,363.21 5,190,000
0.98% -- CISCO SYSTEMS INC 5.90% 02/15/2039 -- $5,408,913.87 4,729,000
0.93% -- MEDTRONIC INC 4.38% 03/15/2035 -- $5,126,296.22 5,065,000
0.91% -- MORGAN STANLEY 4.30% 01/27/2045 -- $5,042,443.55 5,577,000
0.83% -- ABBVIE INC 4.40% 11/06/2042 -- $4,596,032.52 5,064,000
0.82% -- RAYTHEON TECH CORP 4.50% 06/01/2042 -- $4,518,729.37 4,729,000
0.79% -- APPLE INC 3.85% 05/04/2043 -- $4,385,599.91 4,744,000
0.78% -- VODAFONE GROUP PLC 5.25% 05/30/2048 -- $4,297,442.53 4,470,000
0.77% -- GENERAL ELECTRIC CO 6.75% 03/15/2032 -- $4,266,431.18 3,788,000
0.76% -- COCA-COLA CO/THE 2.50% 06/01/2040 -- $4,196,202.12 5,309,000
0.73% -- WALT DISNEY COMPANY/THE 3.80% 03/22/2030 -- $4,037,249.31 4,159,000
0.71% -- SUMITOMO MITSUI FINL GRP 2.75% 01/15/2030 -- $3,940,474.54 4,510,000
0.71% -- TELEFONICA EMISIONES SAU 5.21% 03/08/2047 -- $3,916,575.60 4,410,000
0.69% -- COCA-COLA CO/THE 1.00% 03/15/2028 -- $3,791,939.81 4,366,000
0.69% -- UNITEDHEALTH GROUP INC 3.85% 06/15/2028 -- $3,790,068.98 3,773,000
0.68% -- SHELL INTERNATIONAL FIN 4.38% 05/11/2045 -- $3,749,318.64 4,010,000
0.68% -- WYETH LLC 5.95% 04/01/2037 -- $3,739,601.44 3,209,000
0.68% -- CONOCOPHILLIPS 6.50% 02/01/2039 -- $3,737,631.52 3,170,000
0.67% -- TWDC ENTERPRISES 18 CORP 4.13% 06/01/2044 -- $3,698,712.37 4,055,000
0.67% -- SOUTHERN COPPER CORP 5.25% 11/08/2042 -- $3,697,145.00 3,790,000
0.65% -- JPMORGAN CHASE & CO 5.60% 07/15/2041 -- $3,596,024.25 3,417,000
0.64% -- MITSUBISHI UFJ FIN GRP 2.56% 02/25/2030 -- $3,550,480.42 4,128,000
0.64% -- AMERICA MOVIL SAB DE CV 6.13% 03/30/2040 -- $3,514,947.25 3,175,000
0.63% -- CITIGROUP INC 4.65% 07/30/2045 -- $3,491,181.41 3,802,000
0.63% -- JPMORGAN CHASE & CO 6.40% 05/15/2038 -- $3,458,155.71 3,028,000
0.62% -- MITSUBISHI UFJ FIN GRP 4.05% 09/11/2028 -- $3,434,655.70 3,539,000
0.62% -- WELLS FARGO & COMPANY 5.38% 11/02/2043 -- $3,417,517.75 3,469,000
0.61% -- COCA-COLA CO/THE 3.00% 03/05/2051 -- $3,363,446.89 4,167,000
0.61% -- WALMART INC 5.25% 09/01/2035 -- $3,361,153.47 2,980,000
0.60% -- SHELL INTERNATIONAL FIN 6.38% 12/15/2038 -- $3,333,073.97 2,857,000
0.60% -- TELEFONICA EMISIONES SAU 7.05% 06/20/2036 -- $3,307,766.76 2,895,000
0.60% -- ALLY FINANCIAL INC 8.00% 11/01/2031 -- $3,296,147.95 2,946,000
0.59% -- BARCLAYS PLC 4.95% 01/10/2047 -- $3,267,571.78 3,441,000
0.59% -- VALE OVERSEAS LIMITED 6.88% 11/21/2036 -- $3,256,728.54 3,041,000
0.58% -- SUMITOMO MITSUI FINL GRP 3.04% 07/16/2029 -- $3,201,811.94 3,583,000
0.58% -- NETFLIX INC 4.88% 04/15/2028 -- $3,195,800.00 3,364,000
0.58% -- VERIZON COMMUNICATIONS 4.81% 03/15/2039 -- $3,184,432.69 3,218,000
0.58% -- PHILIP MORRIS INTL INC 6.38% 05/16/2038 -- $3,183,946.03 3,018,000
0.57% -- WELLS FARGO & COMPANY 3.90% 05/01/2045 -- $3,174,835.76 3,750,000
0.57% -- BHP BILLITON FIN USA LTD 5.00% 09/30/2043 -- $3,149,652.03 3,049,000
0.54% -- ORACLE CORP 6.50% 04/15/2038 -- $3,005,784.54 2,912,000
0.54% -- IBM CORP 4.15% 05/15/2039 -- $2,983,781.17 3,302,000
0.54% -- UNITEDHEALTH GROUP INC 4.63% 07/15/2035 -- $2,976,710.58 2,897,000
0.53% -- VERIZON COMMUNICATIONS 4.50% 08/10/2033 -- $2,953,369.68 2,994,000
0.53% -- TRANSCANADA PIPELINES 7.63% 01/15/2039 -- $2,922,826.22 2,370,000
0.52% -- ROYAL BANK OF CANADA 2.30% 11/03/2031 -- $2,880,758.80 3,431,000
0.52% -- MITSUBISHI UFJ FIN GRP 3.74% 03/07/2029 -- $2,875,283.63 3,015,000
0.52% -- VODAFONE GROUP PLC 4.88% 06/19/2049 -- $2,861,549.90 3,116,000
0.52% -- MORGAN STANLEY 6.38% 07/24/2042 -- $2,860,301.36 2,491,000
0.51% -- JPMORGAN CHASE & CO 5.40% 01/06/2042 -- $2,823,441.29 2,752,000
0.50% -- SHELL INTERNATIONAL FIN 3.75% 09/12/2046 -- $2,787,133.39 3,254,000
0.50% -- METLIFE INC 5.70% 06/15/2035 -- $2,771,190.85 2,508,000
0.50% -- UNITEDHEALTH GROUP INC 4.75% 07/15/2045 -- $2,760,385.27 2,740,000
0.50% -- COCA-COLA CO/THE 2.60% 06/01/2050 -- $2,743,254.14 3,685,000
0.50% -- JPMORGAN CHASE & CO 5.63% 08/16/2043 -- $2,735,988.87 2,619,000
0.49% -- VODAFONE GROUP PLC 6.15% 02/27/2037 -- $2,719,346.14 2,494,000
0.48% -- JOHNSON & JOHNSON 5.95% 08/15/2037 -- $2,660,163.97 2,215,000
0.48% -- LLOYDS BANKING GROUP PLC 4.34% 01/09/2048 -- $2,630,441.76 3,206,000
0.47% -- CATERPILLAR INC 3.80% 08/15/2042 -- $2,624,639.78 2,858,000
0.47% -- VODAFONE GROUP PLC 4.25% 09/17/2050 -- $2,621,988.49 3,126,000
0.47% -- DAIMLER FINANCE NA LLC 8.50% 01/18/2031 -- $2,612,977.16 2,051,000
0.47% -- SHELL INTERNATIONAL FIN 5.50% 03/25/2040 -- $2,585,534.24 2,397,000
0.46% -- VERIZON COMMUNICATIONS 4.27% 01/15/2036 -- $2,557,118.98 2,685,000
0.46% -- NOMURA HOLDINGS INC 3.10% 01/16/2030 -- $2,553,100.93 3,001,000
0.46% -- KINDER MORGAN ENER PART 6.95% 01/15/2038 -- $2,516,241.23 2,330,000
0.45% -- NOVARTIS CAPITAL CORP 4.40% 05/06/2044 -- $2,505,996.67 2,502,000
0.45% -- BERKSHIRE HATHAWAY ENERG 6.13% 04/01/2036 -- $2,505,122.97 2,240,000
0.45% -- SUMITOMO MITSUI FINL GRP 2.13% 07/08/2030 -- $2,499,861.59 3,020,000
0.44% -- BANK OF AMERICA NA 6.00% 10/15/2036 -- $2,435,247.29 2,205,000
0.44% -- VODAFONE GROUP PLC 4.38% 05/30/2028 -- $2,428,333.53 2,424,000
0.44% -- COCA-COLA CO/THE 3.45% 03/25/2030 -- $2,410,323.52 2,470,000
0.43% -- CREDIT SUISSE GROUP AG 4.88% 05/15/2045 -- $2,398,243.89 2,805,000
0.42% -- ALTRIA GROUP INC 5.38% 01/31/2044 -- $2,336,649.21 2,737,000
0.42% -- GOLDMAN SACHS GROUP INC 5.15% 05/22/2045 -- $2,313,454.60 2,427,000
0.41% -- AXA SA 8.60% 12/15/2030 -- $2,288,418.75 1,917,000
0.41% -- MIZUHO FINANCIAL GROUP 4.02% 03/05/2028 -- $2,286,738.20 2,368,000
0.41% -- PHILLIPS 66 5.88% 05/01/2042 -- $2,279,326.13 2,104,000
0.41% -- CENOVUS ENERGY INC 6.75% 11/15/2039 -- $2,277,475.43 2,130,000
0.41% -- WELLS FARGO & COMPANY 4.75% 12/07/2046 -- $2,269,825.46 2,480,000
0.40% -- GENERAL MOTORS CO 6.25% 10/02/2043 -- $2,226,237.91 2,321,000
0.40% -- CITIGROUP INC 6.68% 09/13/2043 -- $2,217,543.61 1,959,000
0.40% -- IBM CORP 4.00% 06/20/2042 -- $2,200,071.28 2,524,000
0.39% -- ANHEUSER-BUSCH INBEV WOR 4.95% 01/15/2042 -- $2,153,043.05 2,251,000
0.39% -- TELEFONICA EUROPE BV 8.25% 09/15/2030 -- $2,152,344.33 1,790,000
0.39% -- KRAFT HEINZ FOODS CO 5.00% 06/04/2042 -- $2,139,784.67 2,336,000
0.38% -- CITIGROUP INC 6.63% 06/15/2032 -- $2,115,963.71 1,929,000
0.38% -- WILLIAMS COMPANIES INC 6.30% 04/15/2040 -- $2,107,372.70 1,986,000
0.38% -- COOPERATIEVE RABOBANK UA 5.25% 08/04/2045 -- $2,086,495.72 2,115,000
0.38% -- LOCKHEED MARTIN CORP 4.07% 12/15/2042 -- $2,082,632.60 2,226,000
0.38% -- COMCAST CORP 4.25% 01/15/2033 -- $2,073,230.92 2,095,000
0.37% -- DUKE ENERGY FLORIDA LLC 6.40% 06/15/2038 -- $2,071,423.90 1,784,000
0.37% -- ECOPETROL SA 5.88% 05/28/2045 -- $2,059,106.70 2,946,000
0.37% -- SUNCOR ENERGY INC 6.50% 06/15/2038 -- $2,049,141.56 1,846,000
0.37% -- PNC BANK NA 4.05% 07/26/2028 -- $2,037,278.70 2,097,000
0.37% -- WELLS FARGO & COMPANY 4.65% 11/04/2044 -- $2,036,187.29 2,255,000
0.37% -- ORACLE CORP 6.13% 07/08/2039 -- $2,034,100.42 2,034,000
0.37% -- PROCTER & GAMBLE CO/THE 3.00% 03/25/2030 -- $2,027,808.81 2,138,000
0.37% -- MORGAN STANLEY 4.38% 01/22/2047 -- $2,018,492.15 2,217,000
0.36% -- GOLDMAN SACHS GROUP INC 6.25% 02/01/2041 -- $1,984,154.57 1,789,000
0.36% -- HESS CORP 5.60% 02/15/2041 -- $1,968,619.52 2,016,000
0.35% -- UNITED PARCEL SERVICE 6.20% 01/15/2038 -- $1,929,438.98 1,656,000
0.35% -- SHELL INTERNATIONAL FIN 4.00% 05/10/2046 -- $1,921,692.65 2,167,000
0.35% -- CNOOC FINANCE 2015 US 4.38% 05/02/2028 -- $1,921,412.50 1,876,000
0.35% -- GEORGIA POWER CO 4.30% 03/15/2042 -- $1,916,582.56 2,196,000
0.35% -- BHP BILLITON FIN USA LTD 4.13% 02/24/2042 -- $1,914,771.84 2,061,000
0.34% -- WELLS FARGO & COMPANY 5.61% 01/15/2044 -- $1,898,421.26 1,878,000
0.34% -- WESTPAC BANKING CORP 4.42% 07/24/2039 -- $1,892,157.23 2,110,000
0.34% -- UNILEVER CAPITAL CORP 5.90% 11/15/2032 -- $1,884,767.07 1,648,000
0.34% -- CANADIAN NATL RESOURCES 6.25% 03/15/2038 -- $1,878,480.56 1,774,000
0.34% -- BANK OF AMERICA CORP 5.00% 01/21/2044 -- $1,867,900.47 1,912,000
0.34% -- HP INC 6.00% 09/15/2041 -- $1,861,514.20 1,831,000
0.33% -- COOPERATIEVE RABOBANK UA 5.75% 12/01/2043 -- $1,843,446.09 1,762,000
0.33% -- ING GROEP NV 4.55% 10/02/2028 -- $1,816,527.92 1,851,000
0.33% -- LLOYDS BANKING GROUP PLC 4.55% 08/16/2028 -- $1,801,894.93 1,820,000
0.33% -- WALT DISNEY COMPANY/THE 6.65% 11/15/2037 -- $1,798,809.18 1,500,000
0.32% -- RIO TINTO FIN USA LTD 5.20% 11/02/2040 -- $1,787,307.35 1,702,000
0.32% -- HALLIBURTON CO 7.45% 09/15/2039 -- $1,784,998.21 1,512,000
0.31% -- WALMART INC 6.50% 08/15/2037 -- $1,739,852.11 1,365,000
0.31% -- UNITEDHEALTH GROUP INC 2.00% 05/15/2030 -- $1,733,649.90 2,010,000
0.31% -- VALERO ENERGY CORP 6.63% 06/15/2037 -- $1,731,693.13 1,586,000
0.31% -- PARAMOUNT GLOBAL 6.88% 04/30/2036 -- $1,731,556.52 1,637,000
0.31% -- WESTPAC BANKING CORP 2.96% 11/16/2040 -- $1,715,584.30 2,362,000
0.31% -- NETFLIX INC 5.88% 11/15/2028 -- $1,707,585.84 1,719,000
0.31% -- JPMORGAN CHASE & CO 4.95% 06/01/2045 -- $1,691,070.40 1,769,000
0.30% -- ORACLE CORP 5.38% 07/15/2040 -- $1,678,699.01 1,824,000
0.30% -- METLIFE INC 4.05% 03/01/2045 -- $1,658,841.91 1,879,000
0.30% -- SOUTHERN COPPER CORP 6.75% 04/16/2040 -- $1,655,450.00 1,465,000
0.30% -- WESTPAC BANKING CORP 1.95% 11/20/2028 -- $1,651,089.03 1,885,000
0.29% -- PARAMOUNT GLOBAL 4.38% 03/15/2043 -- $1,629,471.50 2,095,000
0.29% -- PFIZER INC 4.40% 05/15/2044 -- $1,604,820.23 1,622,000
0.29% -- TOTALENERGIES CAPITAL SA 3.88% 10/11/2028 -- $1,601,991.89 1,614,000
0.28% -- BANCO SANTANDER SA 3.31% 06/27/2029 -- $1,570,578.86 1,722,000
0.28% -- FIFTH THIRD BANCORP 8.25% 03/01/2038 -- $1,542,572.16 1,197,000
0.28% -- HSBC HOLDINGS PLC 5.25% 03/14/2044 -- $1,538,654.55 1,644,000
0.28% -- BANK OF AMERICA CORP 6.11% 01/29/2037 -- $1,537,398.92 1,413,000
0.28% -- GLAXOSMITHKLINE CAP INC 3.88% 05/15/2028 -- $1,529,872.99 1,528,000
0.27% -- WESTPAC BANKING CORP 2.15% 06/03/2031 -- $1,510,933.98 1,789,000
0.27% -- BANCO SANTANDER SA 3.80% 02/23/2028 -- $1,504,284.12 1,598,000
0.27% -- NOMURA HOLDINGS INC 2.61% 07/14/2031 -- $1,503,802.42 1,883,000
0.27% -- WELLS FARGO BANK NA 6.60% 01/15/2038 -- $1,502,197.09 1,296,000
0.27% -- BANCO SANTANDER SA 3.49% 05/28/2030 -- $1,501,991.56 1,690,000
0.27% -- BAKER HUGHES HLDGS LLC 5.13% 09/15/2040 -- $1,496,259.76 1,524,000
0.27% -- ING GROEP NV 4.05% 04/09/2029 -- $1,491,868.14 1,580,000
0.27% -- COOPERATIEVE RABOBANK UA 5.25% 05/24/2041 -- $1,470,226.59 1,359,000
0.26% -- CNOOC PETROLEUM NORTH 6.40% 05/15/2037 -- $1,457,851.25 1,311,000
0.26% -- KINDER MORGAN INC 7.75% 01/15/2032 -- $1,437,362.41 1,223,000
0.25% -- LLOYDS BANKING GROUP PLC 4.38% 03/22/2028 -- $1,407,541.58 1,440,000
0.25% -- ASCENSION HEALTH 3.95% 11/15/2046 -- $1,381,689.24 1,493,000
0.25% -- AMERICA MOVIL SAB DE CV 4.38% 07/16/2042 -- $1,373,786.28 1,514,000
0.25% -- SHELL INTERNATIONAL FIN 4.13% 05/11/2035 -- $1,370,834.85 1,427,000
0.24% -- AMERICAN EXPRESS CO 4.05% 12/03/2042 -- $1,352,760.13 1,482,000
0.24% -- TARGET CORP 4.00% 07/01/2042 -- $1,299,731.64 1,398,000
0.23% -- CISCO SYSTEMS INC 5.50% 01/15/2040 -- $1,279,930.54 1,167,000
0.23% -- GENERAL MOTORS CO 5.20% 04/01/2045 -- $1,278,089.91 1,514,000
0.23% -- JEFFERIES GRP LLC / CAP 4.15% 01/23/2030 -- $1,277,337.83 1,409,000
0.23% -- MITSUBISHI UFJ FIN GRP 3.20% 07/18/2029 -- $1,266,294.04 1,396,000
0.23% -- PRUDENTIAL PLC 3.13% 04/14/2030 -- $1,263,465.28 1,363,000
0.23% -- UNITEDHEALTH GROUP INC 2.88% 08/15/2029 -- $1,260,053.95 1,353,000
0.23% -- VERIZON COMMUNICATIONS 4.33% 09/21/2028 -- $1,245,686.14 1,242,000
0.23% -- MOLSON COORS BEVERAGE 5.00% 05/01/2042 -- $1,243,807.70 1,339,000
0.22% -- EATON CORP 4.15% 11/02/2042 -- $1,220,623.80 1,365,000
0.22% -- TOYOTA MOTOR CREDIT CORP 3.38% 04/01/2030 -- $1,220,048.66 1,289,000
0.22% -- TIME WARNER ENTERTAINMEN 8.38% 07/15/2033 -- $1,213,939.23 1,043,000
0.22% -- TIME WARNER CABLE LLC 6.75% 06/15/2039 -- $1,193,808.34 1,192,000
0.22% -- BANK OF AMERICA CORP 7.75% 05/14/2038 -- $1,192,220.08 962,000
0.21% -- VALE OVERSEAS LIMITED 6.88% 11/10/2039 -- $1,177,427.04 1,104,000
0.21% -- BANCO SANTANDER SA 4.38% 04/12/2028 -- $1,175,468.49 1,218,000
0.21% -- MEDTRONIC INC 4.63% 03/15/2045 -- $1,164,579.40 1,159,000
0.21% -- ANHEUSER-BUSCH INBEV WOR 3.75% 07/15/2042 -- $1,151,686.78 1,408,000
0.20% -- APPLE INC 3.45% 02/09/2045 -- $1,115,177.76 1,293,000
0.20% -- JPMORGAN CHASE & CO 5.50% 10/15/2040 -- $1,114,356.19 1,075,000
0.20% -- TELEFONICA EMISIONES SAU 4.90% 03/06/2048 -- $1,107,423.72 1,305,000
0.20% -- TORONTO-DOMINION BANK 3.20% 03/10/2032 -- $1,107,271.03 1,233,000
0.19% -- PHILIP MORRIS INTL INC 4.25% 11/10/2044 -- $1,050,559.28 1,292,000
0.19% -- BARCLAYS PLC 5.25% 08/17/2045 -- $1,031,113.00 1,071,000
0.18% -- BERKSHIRE HATHAWAY INC 4.50% 02/11/2043 -- $1,014,184.07 1,052,000
0.18% -- WESTPAC BANKING CORP 3.40% 01/25/2028 -- $1,002,157.64 1,037,000
0.18% -- ELEVANCE HEALTH INC 4.65% 01/15/2043 -- $998,821.22 1,048,000
0.17% -- PFIZER INC 4.00% 12/15/2036 -- $942,579.16 956,000
0.17% -- VODAFONE GROUP PLC 5.00% 05/30/2038 -- $913,240.58 948,000
0.16% -- WELLS FARGO & COMPANY 4.90% 11/17/2045 -- $885,780.22 953,000
0.16% -- CONOCOPHILLIPS COMPANY 6.95% 04/15/2029 -- $878,430.65 763,000
0.15% -- ASTRAZENECA PLC 4.00% 09/18/2042 -- $829,102.28 893,000
0.15% -- MITSUBISHI UFJ FIN GRP 2.05% 07/17/2030 -- $820,543.77 1,000,000
0.15% -- SOUTHERN COPPER CORP 5.88% 04/23/2045 -- $811,200.00 780,000
0.15% -- NOMURA HOLDINGS INC 2.68% 07/16/2030 -- $802,717.88 978,000
0.14% -- UNITEDHEALTH GROUP INC 6.88% 02/15/2038 -- $795,244.97 642,000
0.14% -- MIZUHO FINANCIAL GROUP 2.56% 09/13/2031 -- $783,693.43 977,000
0.14% -- NOMURA HOLDINGS INC 2.17% 07/14/2028 -- $754,773.25 896,000
0.13% -- SUMITOMO MITSUI FINL GRP 1.90% 09/17/2028 -- $718,437.06 842,000
0.13% -- MERCK & CO INC 4.15% 05/18/2043 -- $696,938.88 734,000
0.12% -- COCA-COLA CO/THE 2.13% 09/06/2029 -- $638,376.63 711,000
0.11% -- CITIGROUP INC 8.13% 07/15/2039 -- $584,614.12 445,000
0.10% -- TRANSCANADA PIPELINES 6.20% 10/15/2037 -- $579,035.60 526,000
0.10% -- WELLS FARGO & COMPANY 4.40% 06/14/2046 -- $544,096.59 623,000
0.09% -- MITSUBISHI UFJ FIN GRP 3.96% 03/02/2028 -- $520,357.26 535,000
0.08% -- COCA-COLA CO/THE 2.50% 03/15/2051 -- $435,572.00 598,000
0.07% -- APPLE INC 4.45% 05/06/2044 -- $389,564.46 389,000
0.06% -- TIME WARNER CABLE LLC 7.30% 07/01/2038 -- $348,154.84 334,000
0.05% -- VERIZON COMMUNICATIONS 5.25% 03/16/2037 -- $297,292.42 284,000
0.05% -- MITSUBISHI UFJ FIN GRP 3.75% 07/18/2039 -- $286,344.17 330,000
0.05% -- WALT DISNEY COMPANY/THE 2.20% 01/13/2028 -- $253,584.93 278,000
0.03% -- JPMORGAN CHASE & CO 4.85% 02/01/2044 -- $144,516.91 149,000
0.02% -- COCA-COLA CO/THE 1.65% 06/01/2030 -- $133,065.49 156,000
0.01% -- PROCTER & GAMBLE CO/THE 1.20% 10/29/2030 -- $50,234.47 61,000
0.01% -- COCA-COLA CO/THE 1.38% 03/15/2031 -- $39,368.78 48,000
0.01% -- PROCTER & GAMBLE CO/THE 1.95% 04/23/2031 -- $34,773.24 40,000
-- -- ASTRAZENECA PLC 4.38% 11/16/2045 -- $23,216.98 24,000
-- -- IBM CORP 4.25% 05/15/2049 -- $5,337.58 6,000
-- -- PFIZER INC 4.13% 12/15/2046 -- $4,805.81 5,000
-- -- HSBC HOLDINGS PLC 6.50% 09/15/2037 -- $4,313.09 4,000
-- -- WALT DISNEY COMPANY/THE 2.65% 01/13/2031 -- $3,550.03 4,000
-- -- SHELL INTERNATIONAL FIN 4.55% 08/12/2043 -- $2,870.12 3,000
-- -- NET OTHER ASSETS (LIABILITIES) -- -- -- $28,695,273.20 28,695,273
-6.80% -- US ULTRA BOND CBT BOND 21/SEP/2022 WNU2 COMDTY -- -- -37,576,000 -- -244
-29.01% -- US 10YR NOTE (CBT) BOND 21/SEP/2022 TYU2 COMDTY -- -- -160,293,000 -- -1,344
-59.28% -- US LONG BOND(CBT) BOND 21/SEP/2022 USU2 COMDTY -- -- -327,597,156 -- -2,351

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

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Rising Rates Research & Insights

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For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

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.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is diversified and entails certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see summary and full prospectuses for a more complete description of risks.

IGHG does not attempt to mitigate factors other than rising Treasury interest rates that impact the price and yield of corporate bonds, such as changes to the market’s perceived underlying credit risk of the corporate entity. IGHG seeks to hedge investment grade bonds against the negative impact of rising rates by taking short positions in Treasury futures. These positions lose value as Treasury prices increase. The short positions are not intended to mitigate credit risk or other factors influencing the price of the bonds, which may have a greater impact than rising or falling interest rates. Investors may be better off in a long-only investment grade investment than investing in IGHG when interest rates remain unchanged or fall, as hedging may limit potential gains or increase losses. No hedge is perfect. Because the duration hedge is reset on a monthly basis, interest rate risk can develop intra-month, and there is no guarantee the short positions will completely eliminate interest rate risk. Furthermore, while IGHG seeks to achieve an effective duration of zero, the hedge cannot fully account for changes in the shape of the Treasury interest rate (yield) curve. IGHG may be more volatile than long-only investment grade bond investment. Performance of IGHG could be particularly poor if investment grade credit deteriorates at the same time that Treasury interest rates fall. There is no guarantee the fund will have positive returns.

Bonds will decrease in value as interest rates rise.

Short positions in a security lose value as that security's price increases.

The fund concentrates its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility.

"FTSE®" and "FTSE Corporate Investment Grade (Treasury Rate Hedged)" have been licensed for use by ProShares. FTSE is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by the FTSE International Limited ("FTSE") under license. ProShares have not been passed on by FTSE or its affiliates as to their legality or suitability. ProShares based on the FTSE Corporate Investment Grade (Treasury Rate Hedged) Index are not sponsored, endorsed, sold or promoted by FTSE or its affiliates, and they make no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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