HYINWisdomTree Alternative Income Fund
HYIN Fund Description
HYIN tracks an equal-weighted index of 35 publicly traded alternative credit vehicles (PACs). The selection of PACs is based on related exposure to alternative credit and trading requirements.
HYIN Factset Analytics Insight
HYIN’s index provider defines alternative credit to include all debt-based investments in which the yield and/or expected return is higher than investment-grade fixed income. The underlying portfolio contains US-listed closed-end funds, real estate investment trusts, and building development companies that have a stated investment objective of high-yield corporate bonds and broadly syndicated loans, private middle market corporate loans, collateralized loan obligations, mortgage-backed securities, other asset-backed securities, and/or real estate loans. Portfolio holdings must also meet minimum trading and liquidity requirements. Holdings are equally-weighted and classified within six alternative credit sectors: private corporate lending, public corporate debt, commercial real estate debt, agency real estate debt, non-agency real estate debt, and multi-sector alternative credit. Rebalancing of the index occurs quarterly, while reconstitution occurs semi-annually in April and October.
HYIN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HYIN. HYIN is rated a N/A out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.