Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
WisdomTree Voya Yield Enhanced USD Universal Bond Fund
$46.34+0.05 (+0.11%)
- 0.15%
- $1.3B
- −1.8%
- 5.03%
- 0M sh
- $46.24
- low $46.02high $49.87
The ETF.net UNIY Grade
A
Score 73 out of 100
- 24 of 117
Score 73 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A76 out of 100Rank 27 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 39 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B55 out of 100Rank 50 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 out of 100Rank 35 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 51 of 117
Our read on UNIY
AMost core bond funds copy the Agg and stop. UNIY follows a yield-enhanced version of the broader Bloomberg US Universal index, reshuffling the mix toward higher-yielding corners of the US dollar bond market, at a fraction of the typical category fee.
The fund seeks to track the price and yield performance of the Bloomberg US Universal Enhanced Yield Index before fees and expenses.
Why people hold it
- 0.15% a year, well under half the typical fee among core bond ETFs, for a rules-based yield tilt rather than a plain Agg clone.wisdomtree.com
- Roughly 7,000 bonds across the US dollar market, so no single issuer or sector steers the portfolio.wisdomtree.com
- Pays monthly, and it has stayed inside its stated mandate since the 2023 launch: US dollar bonds tracking its Bloomberg benchmark, no style drift.
- A multi-billion-dollar fund that ranks in the upper tier of its core-bond peer group on our review.
Worth knowing
- The tilt costs you: index-hugging cousins BND, SPAB and SCHZ charge 0.03%.
- Enhancing yield means leaning further into credit than a plain Agg tracker, so it can behave differently when spreads widen.
- It trades thinly next to the category giants, so spreads can run wider and larger orders need more care.
UNIY Holdings
- Bonds
- 5,806
- 18%
- Us Treasury N/B 3.5% 11/15/2028
Sectors
- Financials71.5%
- Materials14.7%
- Consumer Staples12.9%
- Technology1.0%
Geography
- United States80.87%
- United Kingdom1.72%
- Canada1.63%
- Mexico1.23%
- Japan0.86%
- France0.76%
- Netherlands0.75%
- Luxembourg0.65%
- 11.55%
UNIY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
UNIY$9,825
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | UNIY |
|---|---|
| Year to date | −2.3% |
| 1 month | −1.1% |
| 3 months | −2.6% |
| 1 year | −1.8% |
| 3 years | +4.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | UNIY |
|---|---|---|
| 2026 YTD | −2.3% | |
| 2025 | +7.4% | |
| 2024 | +1.9% | |
| 2023 | +3.9% |
UNIY in the news
UNIY Dividends
- 5.03%
- $2.33
- $0.21 per share
- Monthly
Distribution history
UNIY Risk
- 5.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.01
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −6.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.96
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UNIY Cost
0.15%
UNIY0.15%
- The middle half of US Aggregate Bond funds
- Median 0.34%
24 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- AIMTBiShares Core 5-10 Year USD Bond ETFExpense ratio 0.07%1 year return −2.0%
- ANUBDNuveen ESG U.S. Aggregate BondExpense ratio 0.12%1 year return −2.1%
- AGCORGoldman Sachs Access U.S. Aggregate Bond ETFExpense ratio 0.09%1 year return −2.1%
- AILTBiShares Core 10+ Year USD Bond ETFExpense ratio 0.06%1 year return −6.9%
- ANXUSNuveen International Aggregate Bond ETFExpense ratio 0.07%1 year return −0.9%