WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund
Data updated: 2021-11-24
C000168146 — WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund. Short Corporate Bond. Holdings, fees, performance and SEC filings.
C000168146 Fund Overview
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund is a US ETF managed by WisdomTree Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: WisdomTree Trust
- Category: Short Corporate Bond
- Assets under management: $14.99M
- 1-year return: 8.4%
- SEC CIK: 0001350487
- SEC series ID: S000053484
- Share class ID: C000168146
C000168146 Investment Objective and Strategy
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by WisdomTree Trust.
Investment objective
The WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-term High Yield Corporate Bond Index (the “Index”).
Principal investment strategy
The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. Under normal circumstances, at least 80% of the Funds total assets (exclusive of collateral held from securities lending) 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 short-term U.S.
non-investment-grade corporate bond (junk bonds) market that are deemed to have favorable fundamental and income characteristics. The Index employs a multi-step process, which screens based on fundamentals to identify bonds with favorable characteristics and then tilts to those individual securities which offer favorable income characteristics. The goal is to improve the risk-adjusted performance of traditional market capitalization-weighted approaches of high-yield corporate bond indices. The Index is comprised of corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, bonds must meet the following criteria: (i) pay fixed-rate coupons; (ii) have at least $350 million in par amount outstanding; (iii) have a remaining maturity of at least one year and at most five years; (iv) rated non-investment grade by Moodys or Standard & Poors.
In addition, the issuer cannot have defaulted or be in distress. For the purposes of the Index, bonds issued under Regulation S are excluded from eligibility. All bonds are denominated in U.S. dollars. The Index utilizes a screen and tilt rules-based approach to isolate bonds that have favorable fundamentals and tilts to those bonds with favorable income and valuation characteristics. Once the Index universe is defined from the eligibility criteria, individual bonds are assigned a factor score against their industry sector peers (industrials, financials, utilities, consumer and energy) based on rules-based fundamental metrics distinguishing cash flow characteristics and discards the securities with poor cash flow performance. Remaining bonds are ranked within each sector based on liquidity scores and then screened so that the lowest 5% liquidity scores in each sector are removed from the Index.
The remaining bonds are then assigned an income tilt score based on the probability of default. The income tilt score is then applied within each sector to determine a bonds weight in the Index, with bonds receiving higher income tilt scores within each sector more heavily weighted. Issuer exposure is capped at 3%, with excess exposure distributed to the remaining bonds on a pro-rata basis. The Index is rebalanced semi-annually. The Fund may invest up to 20% of its assets in other securities and/or derivatives. Derivative investments may include interest rate futures, swaps, forward contracts and repurchase agreements. The Funds use of derivatives will be underpinned by investments in cash or other liquid assets. To the extent the Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent as the Index.
C000168146 Performance
Total returns for C000168146 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.4% |
| 3 years (annualised) | 4.1% |
C000168146 Risk Information
Risk metrics for C000168146, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.6%
C000168146 Costs and Fees
C000168146 costs about $38 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.38%
- Gross expense ratio: 0.38%
- Portfolio turnover: 44%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000168146 Cashflows
Over the 12 months to 2021-09, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund had net outflows of $9.79M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-09 | $0 |
| 2021-08 | −$4.98M |
| 2021-07 | $4.97M |
| 2021-06 | −$4.97M |
| 2021-05 | $4.96M |
| 2021-04 | $0 |
C000168146 Debt Constituents
No individual debt constituents are reported in WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund's latest SEC N-PORT filing.
C000168146 Prospectus and SEC Filings
Official WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-10-28
- Prospectus (485BPOS) — filed 2019-11-19
- Prospectus (485BPOS) — filed 2018-11-14
- Portfolio holdings (N-PORT) — filed 2021-11-24
- Portfolio holdings (N-PORT) — filed 2021-08-09
- Portfolio holdings (N-PORT) — filed 2021-05-28
- Annual census (N-CEN) — filed 2021-09-08
- Annual census (N-CEN) — filed 2020-09-09
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.