HYIN
WisdomTree Alternative Income Fund
The WisdomTree Alternative Income Fund seeks to track the price and yield performance, before fees and expenses, of the Gapstow Liquid Alternative Credit Index, which is designed to provide diversified exposure to alternative credit sectors.
Why HYIN?
- Gain targeted exposure to the high income alternative credit investment universe
- Use to supplement income producing portfolio allocations
- Use to satisfy demand for hard to access private lending vehicles
Fund Overview
| Profile |
As of 09/20/2023
|
|---|---|
| Total Expense Ratio, includes | 3.19% |
| Management Fee | 0.50% |
| Acquired Fund Fees and Expenses1 | 2.69% |
| CUSIP | 97717Y626 |
| Total Assets (000) | $12,789.66 |
| Shares Outstanding | 680,000 |
| Distribution Yield | 11.48% |
| SEC 30-day Yield | 11.94% |
| Options Available* | No |
| Inception Date | 05/06/2021 |
*Options are not suitable for all investors.
| Trading Information |
As of 09/20/2023
|
|---|---|
| 30-Day Average Daily Volume | N/A |
| Implied LiquidityTM (Shares) | 199,696 |
| Implied Liquidity (000) | $3,755.96 |
| Lead Market Maker | Citadel |
| NAV Symbol | HYIN.NV |
| Shares Out. Symbol | HYIN.SO |
Total Returns
| Total Returns | |||
|---|---|---|---|
|
Month End Performance (08/31/2023) |
Underlying Index Returns | NAV Returns | Market Price Returns |
| Cumulative | |||
| 1 Month | -1.18% | -1.17% | -1.25% |
| 3 Month | 12.97% | 12.75% | 12.63% |
| YTD | 16.80% | 16.35% | 16.17% |
| Since Inception* | -4.78% | -5.90% | -5.94% |
| Average Annual | |||
| 1 Year | 5.77% | 5.28% | 5.21% |
| 3 Year | N/A | N/A | N/A |
| 5 Year | N/A | N/A | N/A |
| 10 Year | N/A | N/A | N/A |
| Since Inception* | -2.09% | -2.58% | -2.60% |
| Total Returns | |||
|---|---|---|---|
|
Quarter End Performance (06/30/2023) |
Underlying Index Returns | NAV Returns | Market Price Returns |
| Cumulative | |||
| Since Inception* | -8.58% | -9.57% | -9.48% |
| Average Annual | |||
| 1 Year | 7.45% | 6.84% | 7.02% |
| 3 Year | N/A | N/A | N/A |
| 5 Year | N/A | N/A | N/A |
| 10 Year | N/A | N/A | N/A |
| Since Inception* | -4.08% | -4.56% | -4.52% |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.
WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.
After Tax Returns
| After Tax Returns | ||
|---|---|---|
| Month End Performance (08/31/2023) |
After Tax Held | After Tax Sold |
| Cumulative | ||
| 1 Month | -1.56% | -0.70% |
| 3 Month | 11.51% | 7.53% |
| Since Inception* | -13.04% | -7.47% |
| Average Annual | ||
| 1 Year | 0.00% | 2.91% |
| 3 Year | N/A | N/A |
| 5 Year | N/A | N/A |
| 10 Year | N/A | N/A |
| Since Inception* | -5.84% | -3.28% |
| After Tax Returns | ||
|---|---|---|
| Quarter End Performance (06/30/2023) |
After Tax Held | After Tax Sold |
| Cumulative | ||
| Since Inception* | -15.80% | -9.80% |
| Average Annual | ||
| 1 Year | 2.23% | 3.93% |
| 3 Year | N/A | N/A |
| 5 Year | N/A | N/A |
| 10 Year | N/A | N/A |
| Since Inception* | -7.68% | -4.67% |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.
WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.
After-Tax Held Returns represent return on Fund shares after taxes on distributions and assumes Fund shares have not been sold. After-Tax Sold Returns represent returns on Fund shares after taxes on distributions and the sale of the Fund shares.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's individual tax rates and may differ from those shown.
In some cases the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of fund shares at the end of the measurement period.
Asset Classification
| Asset Group | Asset Group Weight |
|---|---|
| Securities | 100.00% |
| Financials | 71.44% |
| Other | 28.56% |
Holdings
Recent Distributions
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Section 19(a) Notice ex-date August 25 2023
Section 19(a) Notice ex-date July 25 2023
Section 19(a) Notice ex-date June 27 2023
Section 19(a) Notice ex-date May 24 2023
Section 19(a) Notice ex-date April 24 2023
Section 19(a) Notice ex-date March 27 2023
Section 19(a) Notice ex-date February 22 2023
Section 19(a) Notice ex-date January 25 2023
Section 19(a) Notice ex-date December 23 2022
Report of Organizational Actions Affecting Basis of Securities - 2022
Section 19(a) Notice ex-date November 23 2022
Section 19(a) Notice ex-date October 25 2022
Section 19(a) Notice ex-date September 26 2022
Section 19(a) Notice ex-date June 24 2022
Section 19(a) Notice ex-date March 25 2022
Important Risk Information
This information must be preceded or accompanied by a prospectus, click here to view or download prospectus. We advise you to consider the fund's objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the fund. Please read the prospectus carefully before you invest.
There are risks associated with investing, including the possible loss of principal. The Fund invests in alternative credit sectors through investments in underlying closed-end investment companies (CEFs), including those that have elected to be regulated as business development companies (BDCs), and real estate investment trusts (REITs). The value of a CEF can decrease due to movements in the overall financial markets. BDCs generally invest in less mature private companies, which involve greater risk than well-established, publicly traded companies and are subject to high failure rates among the companies in which they invest. By investing in REITs, the Fund is exposed to the risks of owning real estate, such as decreases in real estate values, overbuilding, increased competition and other risks related to local or general economic conditions. The Fund invests in the securities included in, or representative of, its index regardless of their investment merit and the Fund does not attempt to outperform its index or take defensive positions in declining markets. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Higher yielding securities or 'junk bonds' may be less liquid and present more credit risk than investment grade bonds. The price of high yield securities tends to be more susceptible to issuer-specific operating results and outlook and to real or perceived adverse economic and competitive industry conditions.
- Weighted Average Coupon - The mean of the coupon rate of the underlying bonds in a portfolio.
- Fund Distribution Yield - Fund Distribution Yield is calculated by annualizing the most recent Fund distribution and dividing by the current Fund NAV. The yield represents a single distribution from the Fund and does not represent the total returns of the Fund.
- SEC 30–day Yield - The yield figure reflects the dividends and interest earned during the period, after the deduction of the fund's expenses. This is also referred to as the "standardized yield."
WisdomTree Funds are distributed by Foreside Fund Services, LLC in the U.S. only.
Neither WisdomTree, Inc., nor its affiliates, nor Foreside Fund Services, LLC, or its affiliates provide tax advice. All references to tax matters or information provided on this site are for illustrative purposes only and should not be considered tax advice and cannot be used for the purpose of avoiding tax penalties. Investors seeking tax advice should consult an independent tax advisor.
