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)
‪171.71 M‬USD
Fund flows (1Y)
‪21.66 M‬USD
Dividend yield (indicated)
6.02%
Discount/Premium to NAV
0.3%

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

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of July 16, 2024
Exposure type
Bonds, Cash & Other
Corporate
Bonds, Cash & Other100.00%
Corporate94.72%
Cash3.91%
Government0.86%
Miscellaneous0.51%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows