HYZD

WisdomTree Interest Rate Hedged High Yield Bond Fund
B

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*Unless otherwise stated, data provided by FactSet.

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 offered by WisdomTree to address uncertainties in interest rates. 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. HYZD can be traded fairly with care. Volume is adequate, although spreads can run pretty wide. Institutional investors should be able to find decent execution on block trades. HYZD charges a premium for its strategy next to more plain-vanilla funds, but it's a reasonable price in light of its hedging feature. Of more concern is its weak tracking—the fundtends to lag its index by much more than the listed fee.

HYZD Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 09/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYZD 1.68% 1.38% 7.68% 1.67% 5.52% 3.62% --
HYZD (NAV) 1.53% 1.38% 6.92% 1.79% 5.31% 3.72% --
Bloomberg Barclays US High Yield 350mn Cash Pay 2% Capped (0-5 Y) 1.13% 1.14% 8.11% 4.24% 5.72% 4.26% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HYZD Summary Data

WisdomTree
12/18/13
Open-Ended Fund
0.43%
$249.60M
$1.47M
0.27%

HYZD Portfolio Data

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09/24/19
645

HYZD Index Data

Market Value
Market Value
Bloomberg Barclays US High Yield 350mn Cash Pay 2% Capped (0-5 Y)

HYZD Portfolio Management

0.43%
-0.80%
0.21%
-1.23%

HYZD Tax Exposures

20.00% / 39.60%
0.04%
Ordinary income
No

HYZD Fund Structure

Open-Ended Fund
No
Yes
75% / 25%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

HYZD Factset Analytics Block Liquidity

As of 09/20/19
5
4
3
2
1

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.

HYZD Tradability

63,662
$1.47M
50,204
$1.17M
0.27%
$0.06
-0.14%
0.42% / -1.82%
None
100.00%
100,000
0.50
0.02%
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0
$23.34
N/A

HYZD Top 10 Holdings[View All]

2.67%
0.90%
0.73%
0.61%
0.60%
0.60%
0.59%
0.47%
0.46%
0.44%
8.07%

HYZD Performance Statistics

0.83
1.11
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HYZD Holdings Statistics

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645
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HYZD Avg Life Maturity Distribution

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HYZD OAS Breakdown

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