ProShares High Yield—Interest Rate Hedged (HYHG) is an exchange-traded fund in the Nontraditional Bond category. It has $176.12M in assets, an expense ratio of 0.50% and a 6.77% dividend yield. The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of high-yield debt of U.S. and Canadian companies. Under normal circumstances, the fund will invest at least 80% of its total assets in high-yield bonds included in the index.