ProShares - Investment Grade - Interest Rate Hedged

Frequently Asked Questions About IGHG

What does IGHG invest in?

This index is constructed from a combination of two primary asset types: it holds long positions in high-quality corporate bonds, denominated in U.S. dollars and issued by companies based both in the United States and abroad. Alongside these, it maintains short positions in U.S. government debt instruments, specifically Treasury notes or bonds. The aggregate interest rate sensitivity (duration) of these short Treasury positions is intentionally kept roughly equivalent to that of the investment-grade corporate bonds, serving to hedge against potential interest rate movements. Regarding its investment strategy, the fund is required to allocate at least 80% of its total capital to the constituent securities of this index. Additionally, it ensures that a minimum of 80% of its overall assets are invested in investment-grade bonds.

What is the expense ratio of IGHG?

ProShares - Investment Grade - Interest Rate Hedged (IGHG) charges an expense ratio of 0.30%. This is the annual fee deducted from fund assets to cover management and operations.

What is IGHG's dividend yield?

IGHG's trailing-twelve-month yield is 5.58%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of IGHG?

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

What is the credit quality of IGHG?

IGHG'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 IGHG?

Yield to maturity (YTM) is the total return you'd earn from IGHG if every bond in the portfolio is held to maturity at the current price. IGHG'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.