Symbols

IGHG

ProShares Investment Grade-Interest Rate Hedged ETF·CBOE

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Key Stats

Assets Under Management

278.23MUSD

Fund Flows (1Y)

41.68MUSD

Dividend Yield

5.13%

Discount/Premium to NAV

0.32%

Shares Outstanding

3.60M

Expense Ratio

0.30%

About ProShares Investment Grade-Interest Rate Hedged ETF

Issuer

ProShare Advisors

Brand

ProShares

Home Page

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

Inception Date

Nov 5, 2013

Structure

Open-Ended Fund

Index Tracked

FTSE Corporate Investment Grade (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.

IGHG is passively-managed with the aim of reducing interest-rate risk by going long on corporate bonds while at the same time shorting US Treasurys. The resulting portfolio should have close to zero duration. The long positions in USD-Denominated investment-grade bonds should have atleast 5.5 years until maturity. The positions in US Treasurys should minimize interest rate risks. This sounds simple in theory but can be tricky in practice. IGHG broadly succeeds in delivering its strategy, making it an interesting option for investors concerned about rate risk. The underlying index is reconstituted and rebalanced (including a reset of the interest rate hedge) monthly.