ProShares - High Yield - Interest Rate Hedged

Frequently Asked Questions About HYHG

What does HYHG invest in?

Typically, the fund commits a minimum of 80% of its overall holdings to high-yield debt securities that are components of its benchmark index. This index is structured with two main components: long exposures to U.S. dollar-denominated high-yield corporate bonds, and short positions in U.S. Treasury notes or bonds. The aggregate duration of these short Treasury holdings is designed to be approximately equivalent to the duration of the high-yield bonds.

What is the expense ratio of HYHG?

ProShares - High Yield - Interest Rate Hedged (HYHG) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

What is HYHG's dividend yield?

HYHG's trailing-twelve-month yield is 7.33%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HYHG?

Effective duration measures HYHG's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HYHG's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HYHG?

HYHG's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of HYHG?

Yield to maturity (YTM) is the total return you'd earn from HYHG if every bond in the portfolio is held to maturity at the current price. HYHG's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.