ProShares Launch Investment Grade-Interest Rate Hedged ETF

The ProShares Investment Grade-Interest Rate Hedged seeks investment results, before fees and expenses, that track the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index.

The Corporate Investment Grade (Treasury Rate-Hedged) Index is a US Dollar-denominated index that measures the performance of investment-grade corporate debt. The index consists of a long position in investment-grade corporate bonds and a duration-matched short position in US Treasury bonds. The investment-grade portion of the index offers exposure to the more liquid, cash-pay bonds.