Symbols

HYHG

ProShares High Yield-Interest Rate Hedged ETF·CBOE

--(--)

Key Stats

Assets Under Management

161.19MUSD

Fund Flows (1Y)

-823.10KUSD

Dividend Yield

6.92%

Discount/Premium to NAV

-0.69%

Shares Outstanding

2.50M

Expense Ratio

0.50%

About ProShares High Yield-Interest Rate Hedged ETF

Issuer

ProShare Advisors

Brand

ProShares

Home Page

https://www.proshares.com/our-etfs/strategic/hyhg

Inception Date

May 21, 2013

Structure

Open-Ended Fund

Index Tracked

FTSE High Yield (Treasury Rate-Hedged) Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

ProShare Advisors LLC

Distributor

SEI Investments Distribution Co.

HYHG tracks an index that goes long on recently issued high-yield USD debt from US and Canadian issuers, while shorting a duration-matched combination of 2-, 5- and 10-year US Treasurys. The goal is to provide credit exposure while minimizing interest-rate risk. The fund's high-yield holdings are limited to US- or Canadian-based issues that are USD-denominated and were issued in the last five years. This approach to the market carries with it elevated risk, as well as significant portfolio concentration. Caps are enforced such that for each issuer, no more than two issues are included, with no more than 2% allocated for any single issuer. The index is calculated daily and settled within the same day, except on the last business day of the month when settlement is on the last calendar day.