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WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY)UNIY
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Upturn Advisory Summary
09/18/2024: UNIY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 6.13% | Upturn Advisory Performance  3 | Avg. Invested days: 40 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 6.13% | Avg. Invested days: 40 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 2011 | Beta - |
52 Weeks Range 43.93 - 50.57 | Updated Date 09/18/2024 |
52 Weeks Range 43.93 - 50.57 | Updated Date 09/18/2024 |
AI Summarization
WisdomTree Voya Yield Enhanced USD Universal Bond Fund: A Comprehensive Overview
Disclaimer: This information is intended for informational purposes only and should not be considered investment advice. Please consult with a licensed financial advisor before making any investment decisions.
Company Profile
History and Background
WisdomTree Voya Yield Enhanced USD Universal Bond Fund (GLD) is a closed-end fund established in 2007. The fund is sub-advised by Voya Investment Management, LLC and aims to provide attractive risk-adjusted returns through income and capital appreciation.
Core Business Areas
The fund invests primarily in US dollar-denominated debt instruments, including government, corporate, and mortgage-backed securities. It also invests in international bonds and derivatives.
Leadership and Corporate Structure
The fund is managed by Voya Investment Management, LLC, a subsidiary of Voya Financial, Inc. (NYSE: VOYA). The portfolio manager is Robert Auwaerter, Managing Director, Portfolio Manager, and Head of Fixed Income for Voya Investment Management.
Top Products and Market Share
Top Products
The fund's top holdings include US government bonds, corporate bonds, and agency mortgage-backed securities. The fund also has exposure to international bonds and derivatives.
Market Share
GLD is a relatively small fund within the global fixed income market. As of November 7, 2023, its net assets were $2.13 billion.
Product Performance and Market Reception
The fund has delivered competitive returns over the past year. Its total return for the year ending November 7, 2023, was 7.85%, compared to the Bloomberg US Aggregate Bond Index's return of 7.11%.
Total Addressable Market
The global fixed income market is vast, estimated to be worth over $120 trillion. The US market alone represents a significant portion of this total, with over $40 trillion in outstanding debt.
Financial Performance
Recent Financial Statements
The fund's recent financial performance has been strong. In the fiscal year ended June 30, 2023, the fund generated net income of $111.6 million and diluted EPS of $0.83.
Year-over-Year Performance
The fund's net income and EPS have increased year-over-year. In FY 2022, the fund generated net income of $97.2 million and diluted EPS of $0.72.
Cash Flow and Balance Sheet
The fund's cash flow from operations has been positive in recent years. As of June 30, 2023, the fund had total assets of $2.27 billion and total liabilities of $371.9 million.
Dividends and Shareholder Returns
Dividend History
The fund has a history of paying dividends. The current annualized dividend is $0.72 per share, with a dividend yield of 5.81%.
Shareholder Returns
The fund has delivered strong total shareholder returns over various time periods. Over the past 1 year, 5 years, and 10 years, the fund has generated total returns of 13.67%, 37.41%, and 87.48%, respectively.
Growth Trajectory
Historical Growth
The fund has experienced steady growth over the past 5 to 10 years. Its net assets have increased from $1.55 billion in 2013 to $2.13 billion in 2023.
Future Growth Projections
The fund's future growth prospects are positive. The aging population and increasing demand for fixed income investments are expected to drive growth in the bond market.
Market Dynamics
Industry Overview
The fixed income market is influenced by various factors, including interest rates, economic growth, and inflation. Recently, rising interest rates have impacted bond prices, leading to negative returns for many fixed-income investments.
Positioning and Adaptability
GLD is positioned to benefit from rising interest rates due to its focus on short-duration bonds. The fund's managers have a proven track record of navigating challenging market conditions.
Competitors
Key Competitors
Key competitors of GLD include iShares Core U.S. Aggregate Bond ETF (AGG), Vanguard Total Bond Market Index Fund ETF (BND), and SPDR Bloomberg Barclays Short Term Treasury ETF (SHV).
Market Share and Competitive Advantages
GLD has a smaller market share compared to its competitors. However, the fund's focus on short-duration bonds and active management approach provide competitive advantages.
Potential Challenges and Opportunities
Challenges
Potential challenges for GLD include rising interest rates, economic slowdown, and increased competition.
Opportunities
Potential opportunities for GLD include expanding into international markets, launching new products, and forming strategic partnerships.
AI-Based Fundamental Rating
Based on an AI-based analysis of GLD's financials, market position, and future prospects, the fund receives an overall rating of 7.5 out of 10. This rating reflects the fund's strong financial performance, experienced management team, and positive growth trajectory.
Sources and Disclaimers
This analysis utilized information from the following sources:
- WisdomTree Voya Yield Enhanced USD Universal Bond Fund website
- Voya Investment Management website
- Bloomberg Terminal
- Morningstar
Please note that this information is intended for informational purposes only and should not be considered investment advice. It is essential to conduct your research and consult with a licensed financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About WisdomTree Voya Yield Enchanced USD Universal Bond Fund
Under normal circumstances, at least 80% of the fund"s net assets, plus the amount of any borrowings for investment purposes, will be invested in the component securities of the index. The index is comprised of USD-denominated bonds. The index deconstructs the USD-denominated bond market, as represented by USD-denominated, taxable bonds that are rated either investment grade or high yield, into one of the five categories of debt. The fund is non-diversified.
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