ProShares Investment Grade-Interest Rate HedgedProShares Investment Grade-Interest Rate HedgedProShares Investment Grade-Interest Rate Hedged

ProShares Investment Grade-Interest Rate Hedged

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Key stats

Assets under management (AUM)
‪282.36 M‬USD
Fund flows (1Y)
‪−108.44 M‬USD
Dividend yield (indicated)
5.03%
Discount/Premium to NAV
0.2%

About ProShares Investment Grade-Interest Rate Hedged

Issuer
ProShare Advisors LLC
Brand
ProShares
Expense ratio
0.30%
Home page
Inception date
Nov 5, 2013
Index tracked
FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index
Management style
Passive
ISIN
US74347B6074
IGHG is passively-managed with the aim of reducing interest-rate risk by going long on corporate bonds while at the same time shorting US Treasurys. The resulting portfolio should have close to zero duration. The long positions in USD-Denominated investment-grade bonds should have atleast 5.5 years until maturity. The positions in US Treasurys should minimize interest rate risks. This sounds simple in theory but can be tricky in practice. IGHG broadly succeeds in delivering its strategy, making it an interesting option for investors concerned about rate risk. The underlying index is reconstituted and rebalanced (including a reset of the interest rate hedge) monthly.

Classification

Asset Class
Fixed income
Category
Corporate, broad-based
Focus
Investment grade
Niche
Broad maturities
Strategy
Duration hedged
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Bonds, Cash & Other100.00%
Corporate94.12%
Cash5.44%
Securitized0.44%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy