WisdomTree U.S. High Yield Corporate Bond Fund

Frequently Asked Questions About WFHY

What does WFHY invest in?

Under normal circumstances, at least 80% of the fund's total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is designed to capture the performance of selected issuers in the U.S. non-investment-grade corporate bond market that are deemed to have favorable fundamental and income characteristics. The fund is non-diversified.

What is the expense ratio of WFHY?

An expense ratio for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

What is WFHY's distribution yield?

WFHY's trailing-twelve-month yield is 6.37%, calculated from the sum of distributions over the past year divided by the current price.

How does WFHY's covered-call strategy work?

WFHY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is WFHY?

WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) manages $221.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is WFHY actively managed or an index fund?

WFHY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.