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Trending ETFs

Name

As of 06/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$76.11

$293 M

5.40%

$4.11

0.30%

Vitals

YTD Return

3.2%

1 yr return

11.3%

3 Yr Avg Return

3.9%

5 Yr Avg Return

4.1%

Net Assets

$293 M

Holdings in Top 10

16.6%

52 WEEK LOW AND HIGH

$76.1
$72.25
$77.24

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 06/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$76.11

$293 M

5.40%

$4.11

0.30%

IGHG - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.59%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    ProShares Investment Grade-Interest Rate Hedged
  • Fund Family Name
    ProShares Trust
  • Inception Date
    Nov 05, 2013
  • Shares Outstanding
    9350001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alexander Ilyasov

Fund Description

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of 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 Index is constructed and maintained by FTSE International Limited. By taking short Treasury Security positions the Index seeks to mitigate the negative impact of rising Treasury interest rates (“interest rates”) on the performance of investment grade bonds (conversely limiting the positive impact of falling interest rates). The short positions are not intended to mitigate other factors influencing the price of investment grade bonds, such as credit risk, which may have a greater impact than rising or falling interest rates. The long investment grade bond positions included in the Index are designed to represent the more liquid universe of investment grade bonds offered within the United States.Currently, the bonds eligible for inclusion in the Index include investment grade bonds that are issued by U.S. and foreigndomiciled companies that: are fixed rate, fixed-to-floating rate, or zero coupon; have a minimum rating of Baa3/BBB- by both Moody’s Investors Service, Inc. (“Moody’s”) and Standard and Poor’s Financial Services, LLC (“S&P”); and are subject to minimum issue outstanding; and minimum time-to-maturity. The Index is reconstituted and rebalanced (including a reset of the interest rate hedge) on a monthly basis.Relative to a long-only investment in the same investment grade bonds, the Index may outperform in a rising interest rate environment and underperform in a falling or static interest rate environment.Performance of the Index may be particularly poor if investment grade credit deteriorates at the same time that Treasury interest rates fall. In addition, the performance of the Index, and by extension the Fund, depends on many factors beyond rising or falling interest rates, such as the perceived level of credit risk in the investment grade bond positions. These factors may be as or more important to the performance of the Index than the impact of interest rates. As such, there is no guarantee that the Index, and accordingly, the Fund, will have positive performance even in environments of sharply rising interest rates in which the short positions might be expected to mitigate the effect of such rises. The Index is published under the Bloomberg ticker symbol “CFIIIGHG.”Under normal circumstances, 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.The Fund will invest principally in the financial instruments listed below.Debt Instruments — The Fund invests in debt instruments, primarily investment grade bonds, that are issued by corporate issuers that are rated “investment-grade” by both Moody’s and S&P. Credit rating agencies evaluate issuers and assign ratings based on their opinions of the issuer’s ability to pay interest and principal as scheduled. The bonds invested in by the Fund may include USD-denominated bonds issued by foreign-domiciled companies that are offered for sale in the United States.Derivatives — Financial instruments whose value is derived from the value of an underlying asset or assets, such as stocks, bonds, ETFs, interest rates or indexes. The Fund primarily invests in derivatives as a substitute for obtaining short exposure in Treasury Securities but may also do so to a limited extent to obtain investment grade bond exposure. These derivatives principally include:Futures Contracts — Standardized contracts that obligate the parties to buy or sell an asset at a predetermined price and date in the future. The Fund will use futures contracts to obtain short exposure to U.S. Treasury Securities.ProShare Advisors uses a mathematical approach to investing in which it determines the type, quantity and mix of investment positions that it believes, in combination, the Fund should hold to produce returns consistent with its investment objective. The Fund seeks to remain fully invested at all times in financial instruments that, in combination, provide exposure consistent with the investment objective, without regard to market conditions, trends or direction. However, the Fund may invest in or gain exposure to only a representative sample of the securities in the Index or to securities not contained in the Index or in financial instruments, with the intent of obtaining exposure consistent with the investmentobjective.Please see “Investment Objectives, Principal Investment Strategies and Related Risks” in the Fund’s Prospectus for additional details.
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IGHG - Performance

Return Ranking - Trailing

Period IGHG Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -8.3% 12.4% 26.25%
1 Yr 11.3% -10.5% 27.6% 7.13%
3 Yr 3.9%* -18.2% 15.8% 6.19%
5 Yr 4.1%* -14.5% 14.4% 7.58%
10 Yr 2.9%* -13.8% 6.4% 25.36%

* Annualized

Return Ranking - Calendar

Period IGHG Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -12.0% 15.7% 4.23%
2022 -4.4% -31.8% 18.4% 5.26%
2021 -1.6% -26.6% 25.7% 51.84%
2020 -2.3% -49.2% 18.7% 78.30%
2019 8.7% -35.1% 15.3% 8.82%

Total Return Ranking - Trailing

Period IGHG Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -8.3% 12.4% 26.25%
1 Yr 11.3% -10.5% 27.6% 7.13%
3 Yr 3.9%* -18.2% 15.8% 6.19%
5 Yr 4.1%* -14.5% 14.4% 7.58%
10 Yr 2.9%* -13.8% 6.4% 25.36%

* Annualized

Total Return Ranking - Calendar

Period IGHG Return Category Return Low Category Return High Rank in Category (%)
2023 11.6% -7.0% 22.2% 7.85%
2022 -0.9% -31.8% 21.1% 7.12%
2021 0.9% -13.5% 49.9% 67.52%
2020 0.6% -28.6% 24.1% 84.38%
2019 12.7% -4.8% 19.1% 10.88%

IGHG - Holdings

Concentration Analysis

IGHG Category Low Category High IGHG % Rank
Net Assets 293 M 2.53 M 143 B 64.64%
Number of Holdings 201 2 9868 71.49%
Net Assets in Top 10 46.4 M -204 M 70.2 B 80.79%
Weighting of Top 10 16.57% 5.1% 271.9% 82.18%

Top 10 Holdings

  1. INVESCO GOVERNMENT AGENCY PORTFOLIO OPEN-END FUND USD 2.86%
  2. Goldman Sachs Group, Inc. (The) 1.87%
  3. JPMorgan Chase Co. 1.79%
  4. Morgan Stanley 1.76%
  5. Apple, Inc. 1.52%
  6. Oracle Corp. 1.47%
  7. Bank of America Corp. 1.35%
  8. International Business Machines Corp. 1.32%
  9. Pfizer, Inc. 1.32%
  10. Wells Fargo Co. 1.31%

Asset Allocation

Weighting Return Low Return High IGHG % Rank
Bonds
94.52% 0.00% 215.76% 38.11%
Convertible Bonds
4.86% 0.00% 33.50% 16.28%
Cash
4.66% -94.66% 100.00% 45.27%
Other
0.82% -66.66% 153.75% 68.29%
Stocks
0.00% -4.18% 99.84% 81.71%
Preferred Stocks
0.00% 0.00% 28.28% 64.33%

Bond Sector Breakdown

Weighting Return Low Return High IGHG % Rank
Corporate
49.51% 0.00% 96.66% 35.22%
Cash & Equivalents
2.86% 0.00% 99.66% 56.42%
Securitized
0.00% 0.00% 99.65% 94.65%
Municipal
0.00% 0.00% 54.26% 59.75%
Government
0.00% 0.00% 99.43% 90.25%
Derivative
-0.44% -66.66% 153.75% 86.24%

Bond Geographic Breakdown

Weighting Return Low Return High IGHG % Rank
US
94.52% 0.00% 215.76% 24.24%
Non US
0.00% 0.00% 69.85% 78.05%

IGHG - Expenses

Operational Fees

IGHG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.03% 20.67% 99.24%
Management Fee 0.30% 0.00% 2.29% 2.57%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

IGHG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IGHG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IGHG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 5.28%

IGHG - Distributions

Dividend Yield Analysis

IGHG Category Low Category High IGHG % Rank
Dividend Yield 5.40% 0.00% 23.30% 38.82%

Dividend Distribution Analysis

IGHG Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

IGHG Category Low Category High IGHG % Rank
Net Income Ratio 2.59% -1.55% 11.51% 62.54%

Capital Gain Distribution Analysis

IGHG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

IGHG - Fund Manager Analysis

Managers

Alexander Ilyasov


Start Date

Tenure

Tenure Rank

Apr 05, 2019

3.16

3.2%

Alexander Ilyasov, ProShare Advisors: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. ProFund Advisors LLC: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. World Asset Management, Inc.: Portfolio Manager from January 2006 through November 2009. Ilyasov joined WAM’s predecessor entity in September 2005 as a member of its International Investment Team. Since joining in 2005, he has been involved in supporting WAM’s international equity product line.

James Linneman


Start Date

Tenure

Tenure Rank

Mar 15, 2022

0.21

0.2%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.72 3.19