WisdomTree Interest Rate Hedged High Yield Bond FundWisdomTree Interest Rate Hedged High Yield Bond FundWisdomTree Interest Rate Hedged High Yield Bond Fund

WisdomTree Interest Rate Hedged High Yield Bond Fund

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Key stats

Assets under management (AUM)
‪172.01 M‬USD
Fund flows (1Y)
‪21.66 M‬USD
Dividend yield (indicated)
6.02%
Discount/Premium to NAV
0.1%

About WisdomTree Interest Rate Hedged High Yield Bond Fund

Issuer
WisdomTree, Inc.
Brand
WisdomTree
Expense ratio
0.43%
Inception date
Dec 18, 2013
Index tracked
WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index
Management style
Passive
HYZD is one of several interest-rate-hedged bond funds indexed and offered by WisdomTree. The fund screens corporate bonds for favorable cash flow, income and valuation. Issues with a higher probability of default relative to other bonds in its sector are also removed. HYZD offers very similar high-yield exposure as PIMCOs HYS, but with an interest-rate-hedge overlay. The fund shorts Treasury futures to achieve a net-zero portfolio duration. The portfolio theoretically captures only the credit spread without duration risk. However, a nonparallel shift in yield curve may undermine precise hedging. HYZD might appeal to investors who want pure credit exposure but are uncertain about interest-rate paths. Prior to May 29, 2020, the fund sought to track the ICE BofA Merrill Lynch 0-5 Year US High Yield Constrained, Zero Duration Index.

Classification

Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Duration hedged
Weighting scheme
Fundamental
Selection criteria
Fundamental
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Bonds, Cash & Other100.00%
Corporate94.71%
Cash3.91%
Government0.86%
Miscellaneous0.51%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy