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 | -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% | -- |
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
Characteristics
as of 6/30/2024- Number of Companies 195
- 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.
- 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.
- Weighted Average Yield to
Maturity5.30% - Net Effective Duration 0.23%
Price
as of 7/15/2024- NAV $76.69
- NAV Change $+0.16
- Market Price $76.55
- Market Price Change $-0.18
- Trading Volume (M) 46,271
- 30-Day Median Bid Ask Spread 0.16%
- 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
Characteristics
as of 6/30/2024- Number of Companies 195
- 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 --
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.
- Weighted Average Yield to Maturity 5.30%
- Net Effective Duration 0.23%
Price
as of 7/15/2024- NAV $76.69
- NAV Change $+0.16
- Market Price $76.55
- Market Price Change $-0.18
- Trading Volume (M) 46,271
- 30-Day Median Bid Ask Spread 0.16%
- View Premium / Discount
Exposures
Index as of 9/30/2022
Holdings
as of 7/15/2024
Weight | Ticker | Description | Coupon Rate | Maturity Date | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
---|---|---|---|---|---|---|---|---|
1.74% | -- | JPMORGAN CHASE & CO | 5.50% | 10/15/2040 | -- | $4,666,663.41 | 4,548,000 | B43XY12 |
1.73% | -- | MORGAN STANLEY | 4.38% | 01/22/2047 | -- | $4,656,155.82 | 5,325,000 | BYM4WR8 |
1.59% | -- | APPLE INC | 3.45% | 02/09/2045 | -- | $4,259,212.65 | 5,357,000 | BVVCSF2 |
1.50% | -- | PFIZER INC | 7.20% | 03/15/2039 | -- | $4,019,701.37 | 3,348,000 | B65HZL3 |
1.49% | -- | GOLDMAN SACHS GROUP INC | 6.25% | 02/01/2041 | -- | $3,996,868.10 | 3,679,000 | B43DYH8 |
1.43% | -- | ORACLE CORP | 6.50% | 04/15/2038 | -- | $3,849,496.50 | 3,515,000 | B2QR213 |
1.42% | -- | BANK OF AMERICA CORP | 5.88% | 02/07/2042 | -- | $3,805,376.34 | 3,596,000 | B6T0187 |
1.34% | -- | CISCO SYSTEMS INC | 5.90% | 02/15/2039 | -- | $3,590,663.84 | 3,324,000 | B4YDXD6 |
1.25% | -- | ASTRAZENECA PLC | 4.00% | 09/18/2042 | -- | $3,362,496.28 | 3,932,000 | B8C0348 |
1.22% | -- | WELLS FARGO & COMPANY | 5.61% | 01/15/2044 | -- | $3,267,433.73 | 3,331,000 | BJTGHH7 |
1.19% | -- | IBM CORP | 4.25% | 05/15/2049 | -- | $3,191,810.40 | 3,839,000 | BFY97C8 |
1.15% | -- | VODAFONE GROUP PLC | 6.15% | 02/27/2037 | -- | $3,091,579.17 | 2,877,000 | B1SBFX9 |
1.15% | -- | HSBC HOLDINGS PLC | 6.50% | 09/15/2037 | -- | $3,088,965.60 | 2,894,000 | B24FY35 |
1.05% | -- | VERIZON COMMUNICATIONS | 4.50% | 08/10/2033 | -- | $2,813,067.83 | 2,945,000 | BF22PM5 |
0.98% | -- | BHP BILLITON FIN USA LTD | 5.00% | 09/30/2043 | -- | $2,627,017.03 | 2,749,000 | BF6DYK5 |
0.98% | -- | SHELL INTERNATIONAL FIN | 3.75% | 09/12/2046 | -- | $2,622,491.75 | 3,317,000 | BD3RRJ6 |
0.94% | -- | WELLS FARGO & COMPANY | 4.90% | 11/17/2045 | -- | $2,526,755.91 | 2,843,000 | BYQ29R7 |
0.93% | -- | GLAXOSMITHKLINE CAP INC | 6.38% | 05/15/2038 | -- | $2,507,485.95 | 2,235,000 | B2RDM21 |
0.93% | -- | COCA-COLA CO/THE | 1.65% | 06/01/2030 | -- | $2,502,748.65 | 2,943,000 | BKSJPV4 |
0.93% | -- | JPMORGAN CHASE & CO | 6.40% | 05/15/2038 | -- | $2,496,438.64 | 2,222,000 | B39F3N0 |
0.92% | -- | CITIGROUP INC | 6.68% | 09/13/2043 | -- | $2,467,307.99 | 2,221,000 | BCRXKM7 |
0.92% | -- | PFIZER INC | 4.00% | 12/15/2036 | -- | $2,462,129.86 | 2,698,000 | BZ3FFJ0 |
0.91% | -- | HOME DEPOT INC | 5.88% | 12/16/2036 | -- | $2,449,787.56 | 2,270,000 | B1L80H6 |
0.90% | -- | RTX CORP | 4.50% | 06/01/2042 | -- | $2,426,922.44 | 2,763,000 | B86VSX1 |
0.89% | -- | BARCLAYS PLC | 5.25% | 08/17/2045 | -- | $2,376,273.31 | 2,461,000 | BYT35M4 |
0.86% | -- | BANCO SANTANDER SA | 6.92% | 08/08/2033 | -- | $2,317,126.27 | 2,174,000 | BRF3T49 |
0.83% | -- | CONOCOPHILLIPS | 6.50% | 02/01/2039 | -- | $2,224,495.27 | 1,985,000 | B4T4431 |
0.83% | -- | SHELL INTERNATIONAL FIN | 6.38% | 12/15/2038 | -- | $2,223,977.64 | 1,975,000 | B3KFDY0 |
0.82% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/21/2036 | -- | $2,208,750.41 | 2,073,000 | B1HMKF0 |
0.81% | -- | SUMITOMO MITSUI FINL GRP | 5.71% | 01/13/2030 | -- | $2,172,479.32 | 2,109,000 | BNM9D17 |
0.80% | -- | ABBVIE INC | 4.40% | 11/06/2042 | -- | $2,140,764.86 | 2,395,000 | BCZM189 |
0.80% | -- | MEDTRONIC INC | 4.63% | 03/15/2045 | -- | $2,135,539.23 | 2,330,000 | BYZYSL1 |
0.76% | -- | TIME WARNER CABLE LLC | 6.75% | 06/15/2039 | -- | $2,046,593.96 | 2,076,000 | B62X8Y8 |
0.75% | -- | ALTRIA GROUP INC | 5.38% | 01/31/2044 | -- | $2,003,458.75 | 2,075,000 | BG3KW02 |
0.73% | -- | TELEFONICA EMISIONES SAU | 7.05% | 06/20/2036 | -- | $1,959,311.13 | 1,765,000 | B170DG6 |
0.73% | -- | TIME WARNER CABLE ENTRMN | 8.38% | 07/15/2033 | -- | $1,951,131.69 | 1,738,000 | 2727266 |
0.70% | -- | GENERAL MOTORS CO | 6.25% | 10/02/2043 | -- | $1,877,905.11 | 1,843,000 | BP8Y7Q3 |
0.70% | -- | TELEFONICA EMISIONES SAU | 5.21% | 03/08/2047 | -- | $1,874,411.45 | 2,066,000 | BF04KW8 |
0.69% | -- | UNITED PARCEL SERVICE | 6.20% | 01/15/2038 | -- | $1,864,545.64 | 1,691,000 | B2NP6Q3 |
0.69% | -- | ROYAL BANK OF CANADA | 5.15% | 02/01/2034 | -- | $1,862,424.51 | 1,848,000 | BRF20R6 |
0.69% | -- | KINDER MORGAN ENER PART | 6.95% | 01/15/2038 | -- | $1,840,492.60 | 1,673,000 | B1Z54W6 |
0.68% | -- | AMERICA MOVIL SAB DE CV | 6.13% | 03/30/2040 | -- | $1,836,127.92 | 1,752,000 | B62V507 |
0.67% | -- | CITIGROUP INC | 4.75% | 05/18/2046 | -- | $1,806,441.61 | 2,050,000 | BDGLCL2 |
0.67% | -- | WALT DISNEY COMPANY/THE | 2.65% | 01/13/2031 | -- | $1,800,493.93 | 2,036,000 | BMD7ZZ1 |
0.65% | -- | JOHN DEERE CAPITAL CORP | 5.15% | 09/08/2033 | -- | $1,756,227.05 | 1,725,000 | BNSP609 |
0.65% | -- | PHILIP MORRIS INTL INC | 6.38% | 05/16/2038 | -- | $1,736,751.06 | 1,578,000 | B2RK1T2 |
0.64% | -- | TORONTO-DOMINION BANK | 4.46% | 06/08/2032 | -- | $1,709,516.71 | 1,785,000 | BQB7JS2 |
0.62% | -- | BERKSHIRE HATHAWAY ENERG | 6.13% | 04/01/2036 | -- | $1,659,076.49 | 1,555,000 | B1FTHZ2 |
0.62% | -- | SUMITOMO MITSUI FINL GRP | 5.77% | 01/13/2033 | -- | $1,656,462.60 | 1,593,000 | BMTX144 |
0.61% | -- | BANK OF AMERICA CORP | 7.75% | 05/14/2038 | -- | $1,642,887.22 | 1,346,000 | B2RFJL5 |
0.61% | -- | SOUTHERN COPPER CORP | 6.75% | 04/16/2040 | -- | $1,641,257.60 | 1,494,000 | B57GT08 |
0.60% | -- | VERIZON COMMUNICATIONS | 4.52% | 09/15/2048 | -- | $1,611,516.68 | 1,840,000 | BYRLSF4 |
0.60% | -- | MERCEDES-BENZ FIN NA | 8.50% | 01/18/2031 | -- | $1,611,400.93 | 1,341,000 | B065ZJ2 |
0.59% | -- | FORD MOTOR COMPANY | 7.45% | 07/16/2031 | -- | $1,596,115.89 | 1,459,000 | 5733992 |
0.59% | -- | UNITEDHEALTH GROUP INC | 2.00% | 05/15/2030 | -- | $1,585,604.63 | 1,838,000 | BMFKVV6 |
0.58% | -- | PROCTER & GAMBLE CO/THE | 1.20% | 10/29/2030 | -- | $1,566,592.33 | 1,894,000 | BN6LYH2 |
0.58% | -- | NOVARTIS CAPITAL CORP | 4.40% | 05/06/2044 | -- | $1,563,034.68 | 1,725,000 | BJZ7ZQ9 |
0.58% | -- | METLIFE INC | 4.88% | 11/13/2043 | -- | $1,547,399.67 | 1,675,000 | BGDXK74 |
0.58% | -- | ALLY FINANCIAL INC | 8.00% | 11/01/2031 | -- | $1,545,342.21 | 1,382,000 | B3LVPV8 |
0.57% | -- | OCCIDENTAL PETROLEUM COR | 6.45% | 09/15/2036 | -- | $1,530,508.60 | 1,444,000 | BK8VN61 |
0.57% | -- | WESTPAC BANKING CORP | 3.13% | 11/18/2041 | -- | $1,530,279.26 | 2,131,000 | BLD9486 |
0.57% | -- | ROYAL BANK OF CANADA | 2.30% | 11/03/2031 | -- | $1,527,425.06 | 1,812,000 | BM9K8M2 |
0.56% | -- | UBS GROUP AG | 4.88% | 05/15/2045 | -- | $1,514,572.20 | 1,620,000 | BPX2D53 |
0.56% | -- | PARAMOUNT GLOBAL | 4.38% | 03/15/2043 | -- | $1,502,420.15 | 2,104,000 | BCHWWF1 |
0.55% | -- | APPLE INC | 4.38% | 05/13/2045 | -- | $1,470,572.44 | 1,613,000 | BXC5WP2 |
0.54% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 05/24/2041 | -- | $1,460,447.81 | 1,458,000 | B44YJW0 |
0.54% | -- | TRANSCANADA PIPELINES | 6.20% | 10/15/2037 | -- | $1,438,377.03 | 1,372,000 | B287YY8 |
0.53% | -- | NOMURA HOLDINGS INC | 2.68% | 07/16/2030 | -- | $1,432,586.17 | 1,661,000 | BMVPRG2 |
0.53% | -- | PHILLIPS 66 | 5.88% | 05/01/2042 | -- | $1,418,446.35 | 1,390,000 | B7RB2F3 |
0.53% | -- | HSBC HOLDINGS PLC | 5.25% | 03/14/2044 | -- | $1,411,475.18 | 1,486,000 | BKJL6Z0 |
0.52% | -- | WALT DISNEY COMPANY/THE | 3.80% | 03/22/2030 | -- | $1,405,167.81 | 1,467,000 | BL98SN0 |
0.51% | -- | COMCAST CORP | 4.25% | 01/15/2033 | -- | $1,382,533.77 | 1,460,000 | B92PSY5 |
0.51% | -- | GOLDMAN SACHS GROUP INC | 5.15% | 05/22/2045 | -- | $1,369,583.93 | 1,438,000 | BY58YT3 |
0.51% | -- | BANCO SANTANDER SA | 3.49% | 05/28/2030 | -- | $1,366,563.43 | 1,501,000 | BLB6SW1 |
0.50% | -- | GOLDMAN SACHS GROUP INC | 6.75% | 10/01/2037 | -- | $1,353,870.02 | 1,227,000 | B283338 |
0.50% | -- | VODAFONE GROUP PLC | 4.25% | 09/17/2050 | -- | $1,344,688.76 | 1,686,000 | BKVJXB7 |
0.50% | -- | COCA-COLA CO/THE | 3.00% | 03/05/2051 | -- | $1,341,360.19 | 1,943,000 | BNTDCD7 |
0.50% | -- | BANCO SANTANDER SA | 6.94% | 11/07/2033 | -- | $1,329,287.30 | 1,200,000 | BQ6C3K2 |
0.49% | -- | CATERPILLAR INC | 3.80% | 08/15/2042 | -- | $1,325,170.15 | 1,601,000 | B944GF7 |
0.49% | -- | WALT DISNEY COMPANY/THE | 6.65% | 11/15/2037 | -- | $1,316,936.62 | 1,149,000 | BKPTBZ3 |
0.49% | -- | BERKSHIRE HATHAWAY INC | 4.50% | 02/11/2043 | -- | $1,306,538.53 | 1,369,000 | B819DG8 |
0.48% | -- | SPRINT CAPITAL CORP | 8.75% | 03/15/2032 | -- | $1,296,280.09 | 1,069,000 | 2964029 |
0.48% | -- | CITIGROUP INC | 6.63% | 06/15/2032 | -- | $1,287,855.66 | 1,190,000 | 7392227 |
0.48% | -- | UNITEDHEALTH GROUP INC | 6.88% | 02/15/2038 | -- | $1,284,989.19 | 1,103,000 | B2PHBR3 |
0.48% | -- | VERIZON COMMUNICATIONS | 4.81% | 03/15/2039 | -- | $1,281,224.30 | 1,355,000 | BDFLJN4 |
0.47% | -- | COCA-COLA CO/THE | 3.45% | 03/25/2030 | -- | $1,269,237.91 | 1,340,000 | BLTZ7Y5 |
0.47% | -- | BANK OF NOVA SCOTIA | 4.85% | 02/01/2030 | -- | $1,251,872.85 | 1,256,000 | BPP33C1 |
0.46% | -- | SOUTHERN COPPER CORP | 5.88% | 04/23/2045 | -- | $1,244,757.20 | 1,248,000 | BWXV3J3 |
0.46% | -- | VALERO ENERGY CORP | 6.63% | 06/15/2037 | -- | $1,243,404.75 | 1,146,000 | B1YLTG4 |
0.46% | -- | COOPERATIEVE RABOBANK UA | 5.25% | 08/04/2045 | -- | $1,237,502.45 | 1,267,000 | BYWZXG7 |
0.46% | -- | CANADIAN NATL RESOURCES | 6.25% | 03/15/2038 | -- | $1,230,180.82 | 1,184,000 | B1VJP74 |
0.45% | -- | MITSUBISHI UFJ FIN GRP | 2.05% | 07/17/2030 | -- | $1,220,743.86 | 1,439,000 | BL69JN3 |
0.45% | -- | ANHEUSER-BUSCH INBEV WOR | 4.95% | 01/15/2042 | -- | $1,205,838.14 | 1,262,000 | BDCMR69 |
0.45% | -- | GENERAL ELECTRIC CO | 6.75% | 03/15/2032 | -- | $1,203,525.07 | 1,088,000 | 2859233 |
0.44% | -- | SUNCOR ENERGY INC | 6.50% | 06/15/2038 | -- | $1,184,070.56 | 1,094,000 | B1Z7WM8 |
0.43% | -- | NOMURA HOLDINGS INC | 2.61% | 07/14/2031 | -- | $1,141,782.10 | 1,368,000 | BP8JVG6 |
0.42% | -- | SUMITOMO MITSUI FINL GRP | 6.18% | 07/13/2043 | -- | $1,136,607.86 | 1,037,000 | BRF2J57 |
0.42% | -- | HESS CORP | 5.60% | 02/15/2041 | -- | $1,130,972.88 | 1,122,000 | B4TV238 |
0.42% | -- | MITSUBISHI UFJ FIN GRP | 3.75% | 07/18/2039 | -- | $1,130,076.72 | 1,327,000 | BKFH1R9 |
0.42% | -- | HP INC | 6.00% | 09/15/2041 | -- | $1,128,747.85 | 1,086,000 | B5V6LS6 |
0.42% | -- | HSBC HOLDINGS PLC | 6.50% | 05/02/2036 | -- | $1,119,817.47 | 1,049,000 | B13VN63 |
0.41% | -- | WILLIAMS COMPANIES INC | 6.30% | 04/15/2040 | -- | $1,109,503.53 | 1,056,000 | B3RZKK8 |
0.41% | -- | TELEFONICA EUROPE BV | 8.25% | 09/15/2030 | -- | $1,102,527.31 | 961,000 | 4474021 |
0.41% | -- | SHELL INTERNATIONAL FIN | 4.13% | 05/11/2035 | -- | $1,091,460.91 | 1,172,000 | BXC5W85 |
0.40% | -- | KRAFT HEINZ FOODS CO | 5.00% | 06/04/2042 | -- | $1,086,534.92 | 1,178,000 | B8Y96M2 |
0.40% | -- | FIFTH THIRD BANCORP | 8.25% | 03/01/2038 | -- | $1,071,884.12 | 887,000 | B2Q1497 |
0.39% | -- | RIO TINTO FIN USA LTD | 5.20% | 11/02/2040 | -- | $1,058,528.08 | 1,074,000 | B5TZB18 |
0.39% | -- | WELLS FARGO & COMPANY | 4.75% | 12/07/2046 | -- | $1,039,174.92 | 1,198,000 | BDSFRX9 |
0.38% | -- | PHILIP MORRIS INTL INC | 4.25% | 11/10/2044 | -- | $1,031,554.88 | 1,246,000 | BSHZYC3 |
0.38% | -- | LLOYDS BANKING GROUP PLC | 4.34% | 01/09/2048 | -- | $1,027,169.90 | 1,283,000 | BFMYF65 |
0.37% | -- | MEDTRONIC INC | 4.38% | 03/15/2035 | -- | $1,004,994.58 | 1,052,000 | BYP6GR9 |
0.37% | -- | GE CAPITAL INTL FUNDING | 4.42% | 11/15/2035 | -- | $991,909.83 | 1,059,000 | BYNWXZ6 |
0.36% | -- | MERCK & CO INC | 4.15% | 05/18/2043 | -- | $967,041.64 | 1,114,000 | B9D69N3 |
0.36% | -- | SHELL INTERNATIONAL FIN | 4.00% | 05/10/2046 | -- | $960,083.68 | 1,165,000 | BDB2XM8 |
0.36% | -- | TOYOTA MOTOR CREDIT CORP | 3.38% | 04/01/2030 | -- | $958,123.07 | 1,028,000 | BL66P03 |
0.36% | -- | BANK OF AMERICA NA | 6.00% | 10/15/2036 | -- | $954,223.88 | 894,000 | B1G7Y98 |
0.35% | -- | BAKER HUGHES HLDGS LLC | 5.13% | 09/15/2040 | -- | $946,987.14 | 984,000 | B57Y827 |
0.35% | -- | KINDER MORGAN INC | 7.75% | 01/15/2032 | -- | $944,314.48 | 827,000 | 2836399 |
0.35% | -- | UNITEDHEALTH GROUP INC | 4.63% | 07/15/2035 | -- | $939,871.18 | 964,000 | BYTRVR3 |
0.34% | -- | UNILEVER CAPITAL CORP | 5.90% | 11/15/2032 | -- | $922,376.24 | 859,000 | 7518926 |
0.34% | -- | VERIZON COMMUNICATIONS | 5.25% | 03/16/2037 | -- | $919,436.68 | 915,000 | BYZKXZ8 |
0.34% | -- | LOCKHEED MARTIN CORP | 4.07% | 12/15/2042 | -- | $909,799.35 | 1,062,000 | BBD6G92 |
0.33% | -- | ASTRAZENECA PLC | 6.45% | 09/15/2037 | -- | $896,627.51 | 792,000 | B24FYQ8 |
0.33% | -- | TELEFONICA EMISIONES SAU | 4.90% | 03/06/2048 | -- | $892,838.14 | 1,025,000 | BF2TMG9 |
0.33% | -- | MORGAN STANLEY | 6.38% | 07/24/2042 | -- | $890,738.49 | 790,000 | B7N7040 |
0.33% | -- | GOLDMAN SACHS GROUP INC | 6.13% | 02/15/2033 | -- | $888,100.20 | 823,000 | 2350640 |
0.33% | -- | TRANSCANADA PIPELINES | 7.63% | 01/15/2039 | -- | $888,005.28 | 750,000 | B3KV7R9 |
0.33% | -- | JOHNSON & JOHNSON | 5.95% | 08/15/2037 | -- | $886,407.21 | 801,000 | B2418B9 |
0.33% | -- | COCA-COLA CO/THE | 2.50% | 03/15/2051 | -- | $879,754.23 | 1,422,000 | BLN8Y83 |
0.33% | -- | PRUDENTIAL FUNDING ASIA | 3.13% | 04/14/2030 | -- | $875,242.49 | 961,000 | BPJLBD8 |
0.31% | -- | TOYOTA MOTOR CREDIT CORP | 5.55% | 11/20/2030 | -- | $841,402.92 | 808,000 | BP0VPB3 |
0.31% | -- | ROYAL BANK OF CANADA | 5.00% | 02/01/2033 | -- | $840,892.69 | 842,000 | BQ3Q0J5 |
0.31% | -- | JEFFERIES FIN GROUP INC | 4.15% | 01/23/2030 | -- | $839,396.94 | 892,000 | BD1DDP4 |
0.31% | -- | PROCTER & GAMBLE CO/THE | 3.00% | 03/25/2030 | -- | $837,009.37 | 899,000 | BMFVFK6 |
0.31% | -- | METLIFE INC | 5.70% | 06/15/2035 | -- | $833,274.67 | 798,000 | B0BXDC0 |
0.31% | -- | ASCENSION HEALTH | 3.95% | 11/15/2046 | -- | $822,134.11 | 974,000 | BYYXY44 |
0.30% | -- | WALMART INC | 6.50% | 08/15/2037 | -- | $817,555.02 | 710,000 | B242VX5 |
0.30% | -- | WESTPAC BANKING CORP | 2.15% | 06/03/2031 | -- | $797,151.80 | 941,000 | BMWC8Z8 |
0.30% | -- | AMERICA MOVIL SAB DE CV | 4.38% | 07/16/2042 | -- | $797,118.14 | 925,000 | B6Z7568 |
0.30% | -- | APPLE INC | 4.45% | 05/06/2044 | -- | $795,890.46 | 843,000 | BM6NVC5 |
0.29% | -- | TARGET CORP | 4.00% | 07/01/2042 | -- | $765,379.84 | 894,000 | B8HK5Z8 |
0.29% | -- | GEORGIA POWER CO | 4.30% | 03/15/2042 | -- | $765,313.70 | 885,000 | B78K6L3 |
0.28% | -- | EATON CORP | 4.15% | 11/02/2042 | -- | $752,530.87 | 869,000 | BGLPFR7 |
0.28% | -- | TORONTO-DOMINION BANK | 3.20% | 03/10/2032 | -- | $750,154.59 | 854,000 | BNG28J5 |
0.28% | -- | JOHN DEERE CAPITAL CORP | 4.70% | 06/10/2030 | -- | $743,621.29 | 741,000 | BRBD8Z7 |
0.27% | -- | MIZUHO FINANCIAL GROUP | 2.56% | 09/13/2031 | -- | $724,814.11 | 882,000 | BNBYGX6 |
0.27% | -- | FORD MOTOR COMPANY | 4.75% | 01/15/2043 | -- | $721,517.12 | 874,000 | B8H94Y7 |
0.25% | -- | IBM CORP | 4.15% | 05/15/2039 | -- | $677,761.84 | 771,000 | BFY9706 |
0.25% | -- | COOPERATIEVE RABOBANK UA | 5.75% | 12/01/2043 | -- | $659,027.29 | 654,000 | BGYY0D2 |
0.24% | -- | BANK OF AMERICA CORP | 5.00% | 01/21/2044 | -- | $641,270.30 | 667,000 | BJ3WDS4 |
0.22% | -- | BANK OF AMERICA CORP | 6.11% | 01/29/2037 | -- | $597,982.10 | 561,000 | B1P61P1 |
0.22% | -- | COCA-COLA CO/THE | 2.25% | 01/05/2032 | -- | $583,049.12 | 683,000 | BLF8XX9 |
0.22% | -- | MITSUBISHI UFJ FIN GRP | 2.56% | 02/25/2030 | -- | $577,642.54 | 654,000 | BKMGBW4 |
0.21% | -- | SHELL INTERNATIONAL FIN | 4.55% | 08/12/2043 | -- | $553,648.60 | 610,000 | BCZQWS8 |
0.20% | -- | DUKE ENERGY FLORIDA LLC | 6.40% | 06/15/2038 | -- | $544,318.94 | 500,000 | B39XY20 |
0.20% | -- | PROCTER & GAMBLE CO/THE | 1.95% | 04/23/2031 | -- | $543,624.40 | 631,000 | BM9CQB3 |
0.20% | -- | SUMITOMO MITSUI FINL GRP | 2.75% | 01/15/2030 | -- | $539,602.04 | 607,000 | BKY6S54 |
0.20% | -- | MOLSON COORS BEVERAGE | 5.00% | 05/01/2042 | -- | $537,993.48 | 580,000 | B82MC25 |
0.19% | -- | WELLS FARGO BANK NA | 6.60% | 01/15/2038 | -- | $503,294.03 | 452,000 | B29SN65 |
0.18% | -- | CITIGROUP INC | 8.13% | 07/15/2039 | -- | $493,084.19 | 386,000 | B3Q88R1 |
0.18% | -- | NOMURA HOLDINGS INC | 3.10% | 01/16/2030 | -- | $492,834.64 | 551,000 | BKRMRV8 |
0.17% | -- | PARAMOUNT GLOBAL | 6.88% | 04/30/2036 | -- | $455,225.23 | 462,000 | B1G5DX9 |
0.17% | -- | ELEVANCE HEALTH INC | 4.65% | 01/15/2043 | -- | $452,093.15 | 504,000 | B88F2Y0 |
0.17% | -- | AMERICAN EXPRESS CO | 4.05% | 12/03/2042 | -- | $449,327.03 | 525,000 | B968SP1 |
0.16% | -- | WALMART INC | 5.25% | 09/01/2035 | -- | $429,520.26 | 411,000 | B0J45R4 |
0.16% | -- | ASTRAZENECA PLC | 4.38% | 11/16/2045 | -- | $419,324.85 | 474,000 | BYQNQH9 |
0.15% | -- | VODAFONE GROUP PLC | 5.25% | 05/30/2048 | -- | $392,869.92 | 420,000 | BYWFVF2 |
0.14% | -- | GENERAL MOTORS CO | 5.20% | 04/01/2045 | -- | $382,971.27 | 426,000 | BSKDLG7 |
0.14% | -- | TIME WARNER CABLE LLC | 6.55% | 05/01/2037 | -- | $362,861.33 | 375,000 | B28WMV6 |
0.13% | -- | VERIZON COMMUNICATIONS | 4.27% | 01/15/2036 | -- | $336,825.56 | 365,000 | BYRLRK2 |
0.12% | -- | IBM CORP | 4.00% | 06/20/2042 | -- | $332,531.89 | 400,000 | B8J5PR3 |
0.11% | -- | WESTPAC BANKING CORP | 4.42% | 07/24/2039 | -- | $297,948.67 | 331,000 | BKBQ3G3 |
0.11% | -- | TIME WARNER CABLE LLC | 7.30% | 07/01/2038 | -- | $285,012.58 | 276,000 | B3B14R7 |
0.11% | -- | JPMORGAN CHASE & CO | 4.95% | 06/01/2045 | -- | $283,304.89 | 298,000 | BY8L4X3 |
0.10% | -- | VERIZON COMMUNICATIONS | 4.86% | 08/21/2046 | -- | $280,722.59 | 303,000 | BWC4YL2 |
0.09% | -- | JPMORGAN CHASE & CO | 5.40% | 01/06/2042 | -- | $252,363.30 | 248,000 | B7FRRL4 |
0.09% | -- | JPMORGAN CHASE & CO | 4.85% | 02/01/2044 | -- | $238,715.57 | 250,000 | BJ62ZG3 |
0.09% | -- | UNITEDHEALTH GROUP INC | 4.75% | 07/15/2045 | -- | $230,262.77 | 250,000 | BYTRVP1 |
0.08% | -- | COCA-COLA CO/THE | 2.60% | 06/01/2050 | -- | $224,969.40 | 354,000 | BKSJPS1 |
0.08% | -- | SUMITOMO MITSUI FINL GRP | 2.13% | 07/08/2030 | -- | $209,373.47 | 247,000 | BLPHW40 |
0.07% | -- | TWDC ENTERPRISES 18 CORP | 4.13% | 06/01/2044 | -- | $192,885.62 | 227,000 | BN459D7 |
0.06% | -- | WESTPAC BANKING CORP | 2.96% | 11/16/2040 | -- | $172,379.75 | 242,000 | BMX5050 |
0.06% | -- | APPLE INC | 3.85% | 05/04/2043 | -- | $171,868.57 | 200,000 | B8HTMS7 |
0.04% | -- | VODAFONE GROUP PLC | 4.88% | 06/19/2049 | -- | $118,599.56 | 134,000 | BK6WV73 |
0.04% | -- | CISCO SYSTEMS INC | 5.50% | 01/15/2040 | -- | $101,286.29 | 98,000 | B596Q94 |
0.03% | -- | WELLS FARGO & COMPANY | 4.65% | 11/04/2044 | -- | $89,830.23 | 104,000 | BS9FPF1 |
0.03% | -- | ORACLE CORP | 6.13% | 07/08/2039 | -- | $87,730.68 | 83,000 | B3LR141 |
0.03% | -- | COCA-COLA CO/THE | 2.50% | 06/01/2040 | -- | $71,140.13 | 100,000 | BKSJPT2 |
0.02% | -- | PFIZER INC | 4.40% | 05/15/2044 | -- | $41,464.93 | 46,000 | BMMB3K5 |
0.01% | -- | VALE OVERSEAS LIMITED | 6.88% | 11/10/2039 | -- | $22,418.11 | 21,000 | B5B54D9 |
-- | -- | BHP BILLITON FIN USA LTD | 4.13% | 02/24/2042 | -- | $7,764.18 | 9,000 | B5NNJ47 |
-- | -- | METLIFE INC | 4.05% | 03/01/2045 | -- | $6,542.05 | 8,000 | BW9JZD9 |
-- | -- | SHELL INTERNATIONAL FIN | 4.38% | 05/11/2045 | -- | $3,488.42 | 4,000 | BXC5W74 |
-- | -- | MORGAN STANLEY | 4.30% | 01/27/2045 | -- | $873.43 | 1,000 | BVJXZY5 |
-- | -- | NET OTHER ASSETS (LIABILITIES) | -- | -- | -- | $14,523,908.83 | 14,523,909 | -- |
-4.56% | -- | US ULTRA BOND CBT BOND 19/SEP/2024 WNU4 COMDTY | -- | -- | -12,234,125 | -- | -97 | -- |
-24.56% | -- | US 10YR NOTE (CBT) BOND 19/SEP/2024 TYU4 COMDTY | -- | -- | -65,924,719 | -- | -594 | -- |
-62.64% | -- | US LONG BOND(CBT) BOND 19/SEP/2024 USU4 COMDTY | -- | -- | -168,173,563 | -- | -1,411 | -- |
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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