AGRH

AGRH follows an index that combines a long position in iShares Core US Aggregate Bond ETF (AGG) with an overlay of interest rate swaps. The fund includes a fixed number of AGG's shares and a series of up to 10 interest rate swap contracts with different maturities, intended to hedge the portfolio's duration exposure at key points on the yield curve. By entering these swaps, the fund agrees to give up a portion of the fixed payments it receives from AGG's bond portfolio in exchange for floating payments tied to the interest rate. The fund may also invest in other interest rate futures contracts, including US Treasuries, Eurodollar, and Federal Funds futures. Swaps are rebalanced daily and restructured monthly. Investors should note that interest rate swap and futures positions are not intended to mitigate credit risk or other factors influencing the bond's price. Note, the fund is registered as a commodity pool.