About WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD)

The WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is an exchange-traded fund (ETF) that provides investors with exposure to the high yield bond market while mitigating the impact of rising interest rates. The fund employs a unique strategy that combines high yield bonds with interest rate swaps to hedge against interest rate risk. By doing so, HYZD aims to deliver the yield potential of high yield bonds while reducing the duration risk associated with rising interest rates.

HYZD seeks to closely track the performance of the BofA Merrill Lynch 0-5 Year US High Yield Constrained, Zero Duration Index. This index includes short-term, high yield corporate bonds and utilizes interest rate swaps to effectively eliminate the duration of the portfolio. By eliminating duration, HYZD aims to provide investors with a stable yield, regardless of changes in interest rates.