Key stats
About WisdomTree Interest Rate Hedged High Yield Bond Fund
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Inception date
Dec 18, 2013
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
WisdomTree Asset Management, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US97717W4309
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate96.00%
Cash3.11%
Government1.45%
Miscellaneous−0.56%
Stock breakdown by region
North America99.70%
Europe0.30%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HYZD invests in bonds. The fund's major sectors are Corporate, with 96.00% stocks, and Government, with 1.45% of the basket. The assets are mostly located in the North America region.
HYZD last dividends amounted to 0.12 USD. The month before, the issuer paid 0.12 USD in dividends,
Yes, HYZD pays dividends to its holders with the dividend yield of 6.21%. The last dividend (Aug 28, 2025) amounted to 0.12 USD. The dividends are paid monthly.
HYZD shares are issued by WisdomTree, Inc. under the brand WisdomTree. The ETF was launched on Dec 18, 2013, and its management style is Passive.
HYZD expense ratio is 0.43% meaning you'd have to pay 0.43% of your investment to help manage the fund.
HYZD follows the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HYZD invests in bonds.