High Yield—Interest Rate Hedged - HYHG High Yield—Interest Rate Hedged

ProShares High Yield—Interest Rate Hedged seeks investment results, before fees and expenses, that track the performance of the Citi High Yield (Treasury Rate-Hedged) Index.

  • Provides the return potential of a diversified portfolio of high-yield 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
  • Offers even less interest rate sensitivity than short-term bonds by targeting a duration of zero
  • Learn more about ProShares Interest Rate Hedged Bond ETFs.
  • Read the Report: The Shortcomings of Short Term High Yield Bond Funds.
  • Understand Your Risk: When interest rates rise, even the best bond funds are at risk.

Fund Snapshot

Ticker HYHG
Intraday Ticker HYHG.IV
CUSIP 74348A541
Inception Date 5/21/13
Expense Ratio 0.50%
NAV Calculation Time 3:00 p.m. ET
Currency of Underlying Securities USD
Distributions Monthly

Long Portfolio Sector Breakdown as of 3/31/17

Industrial - Service 41.79%
Industrial - Manufacturing 25.81%
Industrial - Energy 11.95%
Utility - Telecom 7.49%
Finance - Other 2.87%
Utility - Electric 2.10%
Industrial - Consumer 2.04%
Finance - Independent 1.66%
Utility - Other 1.60%
Finance - Bank 0.95%
Finance - Insurance 0.73%
Industrial - Transportation 0.66%
Industrial - Other 0.33%

Fund Characteristics as of 4/30/17 **

Distribution Yield 5.63%
Weighted Average Yield to Maturity 5.90%
SEC 30-Day Yield 5.25%
Net Effective Duration -0.29

** The cost of the interest rate hedge (using Treasury futures) is reflected in the NAV, not in the yields. Net effective duration is as of the first business day following the as of date noted.

Price Information as of 5/26/17 **

NAV $68.68
NAV Change -$0.06
Market Price Closing $68.92
Market Price Closing Change -$0.05
Daily Trading Volume 12,010

** The cost of the interest rate hedge (using Treasury futures) is reflected in the NAV, not in the yields.