HYZD Fees and Costs — WisdomTree Interest Rate Hedged High Yield Bond Fund
Data updated: 2026-07-30
The net expense ratio is 0.43%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $23K in broker commissions, 0.0136% of average net assets, and portfolio turnover was 61%.
HYZD Fees and Expenses
Annual operating expenses and sales charges of HYZD. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.43% |
| Fee waiver | — |
| Net expense ratio | 0.43% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HYZD Costs Over Time
On $10,000 invested in HYZD, assuming 5% a year before costs, total costs come to $281 over 5 years, cutting the return by 0.47% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $153 | $281 |
| Value after costs | $10,453 | $11,423 | $12,482 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
HYZD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0136%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $233.4M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $14.3M
- Net income from securities lending: $8K (0.005% of average net assets)
HYZD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $23K | 100.00% |
HYZD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $86.4M | 37.99% |
| GOLDMAN SACHS & CO. LLC | $60.7M | 26.67% |
| Jane Street Execution Services, LLC | $41.7M | 18.34% |
| MORGAN STANLEY & CO. LLC | $24.1M | 10.57% |
| J.P. Morgan Securities LLC | $4.0M | 1.77% |
| BARCLAYS CAPITAL, INC. | $3.2M | 1.43% |
| MARKETAXESS CORPORATION | $2.6M | 1.16% |
| CITADEL SECURITIES LLC | $2.0M | 0.89% |
| DEUTSCHE BANK SECURITIES, INC. | $2.0M | 0.87% |
| RBC CAPITAL MARKETS, LLC | $707K | 0.31% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.