Key stats
About ProShares Investment Grade-Interest Rate Hedged
Expense ratio
0.30%
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Inception date
Nov 5, 2013
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
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate94.24%
Cash5.33%
Securitized0.43%