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IGHG - ProShares Investment Grade-Interest Rate Hedged ETF

Stock Price: $76.01 USD -0.04 (-0.05%)
Updated Apr 16, 2021 4:00 PM EDT - Market closed
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
NameSymbolWeight
Us Long Bond Future 06/21/2021 (Usm1) - Cash Offset603698.SS58.34%
Us 10yr Note Future 06/21/2021 (Tym1) - Cash Offset603698.SS26.51%
Us Ultra Bond Future 06/21/2021 (Wnm1) - Cash Offset603698.SS12.01%
Cashn/a4.39%
Goldman Sachs Group, Inc.n/a1.83%
GE Capital International Funding Company Unlimited CompanyGE 4.418 11/15/351.43%
Pfizer Inc.n/a1.24%
JPMorgan Chase & Co.n/a1.03%
Citigroup Inc.C 4.45 09/29/270.87%
Morgan Stanleyn/a0.86%
View All Holdings

Dividends

Ex-DividendAmountPay Date
Apr 1, 2021$0.152152Apr 9, 2021
Mar 1, 2021$0.155257Mar 8, 2021
Feb 1, 2021$0.141366Feb 8, 2021
Dec 23, 2020$0.165763Dec 31, 2020
Dec 1, 2020$0.146244Dec 8, 2020
Nov 2, 2020$0.105307Nov 9, 2020
Full Dividend History

News

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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...

Other tickers mentioned: HYHG
2 weeks ago - ETF Trends

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 ...

Other tickers mentioned: HYHG
1 month ago - ETF Trends

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...

Other tickers mentioned: HYGH
1 month ago - ETF Trends

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).

Other tickers mentioned: GIGB, LQD, VCIT
10 months ago - ETF Trends

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...

Other tickers mentioned: GIGB, LQD, VCIT
10 months ago - ETF Trends

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...

Other tickers mentioned: GIGB, LQD, VCIT
10 months ago - ETF Trends

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 ...

Other tickers mentioned: GIGB, LQD, VCIT
10 months ago - ETF Trends

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...

Other tickers mentioned: SPSB, VCSH
11 months ago - ETF Trends

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.

Other tickers mentioned: GIGB, SPSB, VCSH
11 months ago - ETF Trends

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...

Other tickers mentioned: SPSB, VCSH
1 year ago - ETF Trends

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.

Other tickers mentioned: SPSB, VCSH
1 year ago - ETF Trends

As the number of coronavirus cases grows globally, there’s a correlative equivalent in the corporate bond markets—the growing number of downgrades.

Other tickers mentioned: SPSB, VCSH
1 year ago - ETF Trends

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...

Other tickers mentioned: SPSB, VCSH
1 year ago - ETF Trends

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...

Other tickers mentioned: SPSB, VCSH
1 year ago - ETF Trends

The Federal Reserve has its wallet open wide with an initial plan to purchase copious amounts of Treasury notes and mortgage-backed securities.

Other tickers mentioned: SPSB, VCSH
1 year ago - ETF Trends

On the surface, it appears as though interest rate hedged ETFs need rates to rise to be successful.

1 year ago - ETF Trends

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 ...

1 year ago - ETF Trends