Key stats
About WisdomTree U.S. High Yield Corporate Bond Fund
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Inception date
Apr 27, 2016
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
QHY's eligible universe begins with high-yield, US-domiciled, USD-denominated debt, with no maturity mandate. From this pool, the fund selects its securities by scoring companies based on their free cash flows to equity, and removing the lowest-scoring 20%. Securities are then ranked within each sector to screen out the bottom 5% by liquidity score. The fund weights its securities by scoring remaining bonds by their probabilities of default, giving preference to risk-adjusted higher income. The fundamental approach intends to identify companies with healthier cash flows, while tilting towards higher income. The Index is rebalanced semi-annually, with single issuer capped at 2% and any excess exposure distributed on a pro-rata basis to the remaining bonds. Before June 8, 2024, the fund traded under the ticker WFHY.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate98.90%
Mutual fund1.10%
Cash−0.00%
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