IGHG - ProShares Investment Grade-Interest Rate Hedged ETF
| Assets | $598.80M |
| NAV | $76.28 |
| Expense Ratio | 0.30% |
| PE Ratio | n/a |
| Beta (5Y) | 0.40 |
| Dividend (ttm) | $1.94 |
| Dividend Yield | 2.54% |
| Ex-Dividend Date | Apr 1, 2021 |
| 1-Year Return | - |
| Trading Day | April 16 |
| Last Price | $76.01 |
| Previous Close | $76.05 |
| Change ($) | -0.04 |
| Change (%) | -0.05% |
| Day's Open | 76.26 |
| Day's Range | 75.89 - 76.50 |
| Day's Volume | 124,087 |
| 52-Week Range | 64.58 - 77.44 |
Fund Description
The investment seeks investment results, before fees and expenses, that track the performance of the FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index (the index). The index is comprised of (a) long positions in USD-denominated investment grade corporate bonds issued by both U.S. and foreign domiciled companies; and (b) short positions in U.S. Treasury notes or bonds (Treasury Securities) of, in aggregate, approximate equivalent duration to the investment grade bonds. The fund will invest at least 80% of its total assets in component securities (i.e., securities of the index) and invest at least 80% of its total assets in investment grade bonds.
| Asset Class Portfolio-Multi Asset | Sector Bonds |
| Region Global | Inception Date Nov 5, 2013 |
| Exchange BATS | Ticker Symbol IGHG |
| Index Tracked Citi Corporate Investment Grade (Treasury Rate-Hedged) Index | |
Top 10 Holdings
108.52% of assets| Name | Symbol | Weight |
|---|---|---|
| Us Long Bond Future 06/21/2021 (Usm1) - Cash Offset | 603698.SS | 58.34% |
| Us 10yr Note Future 06/21/2021 (Tym1) - Cash Offset | 603698.SS | 26.51% |
| Us Ultra Bond Future 06/21/2021 (Wnm1) - Cash Offset | 603698.SS | 12.01% |
| Cash | n/a | 4.39% |
| Goldman Sachs Group, Inc. | n/a | 1.83% |
| GE Capital International Funding Company Unlimited Company | GE 4.418 11/15/35 | 1.43% |
| Pfizer Inc. | n/a | 1.24% |
| JPMorgan Chase & Co. | n/a | 1.03% |
| Citigroup Inc. | C 4.45 09/29/27 | 0.87% |
| Morgan Stanley | n/a | 0.86% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 1, 2021 | $0.152152 | Apr 9, 2021 |
| Mar 1, 2021 | $0.155257 | Mar 8, 2021 |
| Feb 1, 2021 | $0.141366 | Feb 8, 2021 |
| Dec 23, 2020 | $0.165763 | Dec 31, 2020 |
| Dec 1, 2020 | $0.146244 | Dec 8, 2020 |
| Nov 2, 2020 | $0.105307 | Nov 9, 2020 |
Rising Treasury yields often prompt advisors and investors to embrace short-term bonds and related exchange traded funds, but there are other ideas to consider, including rate-hedged bond ETFs. The ProS...
With interest rates suddenly jumping to a one-year high off historic lows, bond exchange traded fund investors may be interested in interest-rate hedged fixed-income strategies that could help mitigate ...
With interest rates jumping to a one-year high off of historic lows, bond exchange traded fund investors may be interested in rate-hedged fixed income strategies to mitigate rate risks ahead. Specifical...
The capital markets cheered the Federal Reserve’s move to further support the bond market by purchasing up individual debt as opposed to fixed income exchange-traded funds (ETFs).
It comes as no surprise that bonds were the toast of the town versus equities during the height of the pandemic sell-off as investors took flight to safety. A deluge of capital into investment-grade bon...
Companies have been making good use of bonds with global interest rates at lows, which is offering them the opportunity to refinance existing debt. This is just one of the ways bonds have been used to a...
The Federal Reserve is no doubt doing its part to help support the economy by dumping trillions into businesses, which is helping to buoy the bond market. The capital markets are betting that even more ...
When it comes to the capital markets, COVID-19 has had an appetite for destruction, but in turn, it’s fueled an appetite for bonds when it comes to pension funds. Pension funds were already well on targ...
The coronavirus pandemic fueled a credit line maxing bonanza by U.S. companies amid the uncertainty of revenues drying up and cash dwindling due to social distancing restrictions.
Investors who are looking to shore up their portfolios with corporate bond exposure, especially with the Federal Reserve stepping in to purchase more debt amid the coronavirus outbreak, now could be a b...
The Federal Reserve’s pledge to purchase more corporate bonds to help shore up the economy is putting exchange-traded funds (ETFs) that cater to corporate debt on fixed income investors’ want lists.
As the number of coronavirus cases grows globally, there’s a correlative equivalent in the corporate bond markets—the growing number of downgrades.
To help shore up the economy, the Federal Reserve is purchasing corporate bonds, but they’re not the only ones. Stock investors are also snatching up corporate bonds, especially the investment-trade typ...
Exchange-traded funds (ETFs) are regarded for helping to inject liquidity into the bond markets and as such, the Federal Reserve is looking to snatch up these funds as opposed to actual debt issues. The...
The Federal Reserve has its wallet open wide with an initial plan to purchase copious amounts of Treasury notes and mortgage-backed securities.
On the surface, it appears as though interest rate hedged ETFs need rates to rise to be successful.
The ProShares Investment Grade—Intr Rt Hdgd (CBOE: IGHG) is designed to thrive when interest rates rise, but that doesn’t mean the ETF isn’t useful when rates are declining. Quite the contrary, IGHG is ...