WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund
SHAG
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 250 West 34th Street, 3rd Floor New York NY United States of America 10119
- IPO Date
- May 19, 2017
- CIK
- 0001350487
- Website
- wisdomtree.com
- Similar Companies
- Business
- WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) is an exchange-traded fund that tracks the Bloomberg U.S. Short Aggregate Enhanced Yield Index, providing exposure to a diversified portfolio of short-term U.S. investment-grade fixed income securities with maturities of less than five years. The fund employs a rules-based strategy to enhance yield relative to the Bloomberg U.S. Aggregate Bond Index while reducing interest rate risk through a short duration profile of approximately 2.35 years, with core holdings including corporate bonds (50.79%), U.S. Treasuries (24.64%), commercial mortgage-backed securities (CMBS, 10.92%), government bonds (9.79%), asset-backed securities (ABS, 1.49%), and government-related securities (1.86%), alongside cash equivalents and government bond futures; credit quality emphasizes investment-grade ratings, with AA (37.16%), A (23.68%), and BBB (27.51%) dominating. Launched on May 18, 2017, and domiciled in the United States, SHAG operates within the short-term bond segment of the fixed income market, targeting investors seeking income generation, capital preservation, and lower sensitivity to interest rate fluctuations, with an expense ratio of 0.12% and assets under management of approximately $43 million as of July 2025. WisdomTree, Inc., the fund's sponsor and manager, is headquartered in New York and serves as a global provider of exchange-traded funds and products across equity, fixed income, commodity, currency, and alternative asset classes, with primary operations in the United States and international markets. The fund's portfolio managers include Randall Parrish, Brian Timberlake, Dave Goodson, Sean Banai, and Vinay Viralam (appointed January 2025), ensuring active oversight of its yield-enhancement tactics. SHAG maintains a focus on USD-denominated securities across 1,353 holdings, delivering metrics such as a weighted average coupon of 2.99%, average yield to maturity of 4.43%, and SEC 30-day yield of 4.21% as of July 2025. In recent developments, WisdomTree completed the acquisition of Ceres Partners, LLC, a U.S. farmland investment manager, in October 2025 for $275 million upfront plus a potential $225 million earnout by 2030, marking the firm's strategic entry into private asset markets and expanding beyond traditional ETFs into real assets like farmland, solar leasing, AI data infrastructure, and water rights. This transaction, funded via convertible senior notes, integrates Ceres as a cornerstone of WisdomTree's diversification strategy, enhancing long-term earnings growth while complementing public market offerings like SHAG. No fund-specific changes, such as index methodology updates, new product features, or partnerships directly impacting SHAG, have been reported in the last 1-2 years, with ongoing rebalances reflecting standard index adjustments.