Name of ETF: ProShares High Yield-Interest Rate Hedged ETF
Benchmark Index: Citi High Yield (Treasury Rate-Hedged) Index
Ticker Symbol: HYHG
Approximate Number of Bonds in this ETF: 160
Types of Bonds Included in the ETF: This ETF is composed of high yield corporate bonds that have a maximum credit rating of BB+ and a minimum credit rating of C. It is designed to provide exposure to high yield corporate bonds while simultaneously hedging against interest rate risk through a short position in U.S. Treasury futures. The bonds in this ETF have a variety of maturity dates with an approximate average weighted maturity of 6 years.
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