HYZDWisdomTree Interest Rate Hedged High Yield Bond Fund
HYZD Fund Description
HYZD tracks a long/short net-zero duration bond index that's long US high-yield issues and short Treasury futures.
HYZD Factset Analytics Insight
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 PIMCO’s 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.
HYZD Summary Data
HYZD Portfolio Data
HYZD Index Data
HYZD Portfolio Management
HYZD Tax Exposures
HYZD Fund Structure
HYZD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HYZD. HYZD is rated a N/A out of 5.