IGHG

ProShares Investment Grade-Interest Rate Hedged

$78.21
+0.00%
Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The ProShares Investment Grade-Interest Rate Hedged ETF (IGHG) seeks to provide investment results that correspond to the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index.

Overview

ETF tracking ProShares Investment Grade-Interest Rate Hedged

Issuer ProShares
Inception Date 2013-11-07
Market Cap $264.0M
Average Volume N/A
Dividend Yield 4.31%
52-Week Range $74.89 - $79.18
VWAP $78.23

Performance

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Investment Summary

📎 Investment Objective

The ProShares Investment Grade-Interest Rate Hedged ETF (IGHG) seeks to provide investment results that correspond to the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index.

🎯 Investment Strategy

IGHG aims to achieve its objective by investing in a portfolio of investment-grade corporate bonds and using short positions in U.S. Treasury futures contracts to hedge against the negative impact of rising interest rates on the bond portfolio.

✨ Key Features

  • Provides exposure to investment-grade corporate bonds with interest rate hedging
  • Seeks to mitigate the impact of rising interest rates on the bond portfolio
  • Utilizes short positions in U.S. Treasury futures to hedge interest rate risk
  • Designed for investors seeking corporate bond exposure with reduced interest rate sensitivity

⚠️ Primary Risks

  • Interest rate risk: The fund's hedging strategy may not fully offset the impact of rising interest rates on the bond portfolio
  • Credit risk: The fund is exposed to the creditworthiness of the underlying corporate bond issuers
  • Liquidity risk: The fund may experience reduced liquidity in the underlying bonds or derivatives
  • Tracking error risk: The fund may not perfectly track the performance of its target index

👤 Best For

IGHG may be suitable for investors seeking exposure to investment-grade corporate bonds with reduced interest rate sensitivity. It can be used as a component in a diversified fixed-income portfolio or as a hedge against rising interest rates. Investors should have a medium-term investment horizon and be comfortable with the risks associated with corporate bond and derivative investments.