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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.15

$7.11 M

1.98%

$0.36

0.55%

Vitals

YTD Return

0.8%

1 yr return

6.0%

3 Yr Avg Return

0.7%

5 Yr Avg Return

1.1%

Net Assets

$7.11 M

Holdings in Top 10

96.9%

52 WEEK LOW AND HIGH

$18.1
$17.17
$18.26

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.15

$7.11 M

1.98%

$0.36

0.55%

CEW - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.51%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    WisdomTree Emerging Currency Strategy Fund
  • Fund Family Name
    WisdomTree Trust
  • Inception Date
    May 06, 2009
  • Shares Outstanding
    500000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Nieman

Fund Description

The Fund is an actively managed exchange traded fund (“ETF”) that seeks to achieve its investment objective by investing in short-term securities and instruments designed to provide exposure to the currencies and money market rates of selected emerging market countries.

The Fund seeks to provide exposure to currencies and money market rates from emerging and developing economies in three regions of the world: (i) Asia, (ii) Latin America and (iii) Europe, the Middle East and Africa. Within these regions, the Fund intends to invest in a subset of the following countries: Brazil, Chile, China, Colombia, Czech Republic, Hungary, India, Indonesia, Malaysia, Mexico, Nigeria, Peru, the Philippines, Poland, Romania, South Africa, South Korea, Taiwan, Thailand and Turkey. This list may change based on market developments. The Fund attempts to achieve exposure to the most liquid currencies within each of the three broad regions, while at the same time maintaining geographic and economic diversity across these regions. The specific set of currencies is generally selected annually, typically in July or August. The selected currencies are equally weighted in terms of U.S. dollar value. The Fund is rebalanced quarterly in order to maintain this equal weighting. In order to maintain geographic diversity, the Fund’s exposure to each of the three broad geographic regions is limited to 60% of its total asset value on the annual assessment date and at each quarterly rebalancing. More frequent rebalancing may occur in response to significant market events. A significant event might include, for example, market conditions that significantly disrupt liquidity or result in the reclassification of a currency (from emerging to developed, for example). Currencies that generally would be considered liquid may be ineligible for investment or dropped from the Fund as a result of government action or other market events if the Fund’s adviser believes doing so would be in the best interest of the Fund.

Because the market for money market securities in the selected emerging markets generally is less liquid and accessible to foreign investors than corresponding markets in more developed countries, the Fund intends to achieve exposure to these markets by investing primarily in short-term U.S. money market securities and forward currency contracts and swaps of the constituent currencies. The combination of U.S. money market securities with forward currency contracts and currency swaps is designed to provide exposure equivalent to money market securities denominated in currencies of the selected markets in which the Fund invests. In aggregate, the Fund’s investments should create exposure that is economically similar to a basket of money market securities denominated in each of the selected currencies. The Fund also may enter into repurchase agreements.

The Fund generally will maintain a weighted average portfolio maturity of 90 days or less with respect to the money market securities in its portfolio. The Fund will not purchase any security with a remaining maturity of more than 397 calendar days. All U.S. money market securities acquired by the Fund will be rated in the upper two short-term ratings by at least two nationally recognized statistical rating organizations (“NRSROs”) or, if unrated, deemed to be of equivalent quality. The Fund does not seek to preserve capital in U.S. dollars.

The Fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in investments whose combined performance is tied economically to selected emerging market countries. If, subsequent to an investment, the 80% requirement is no longer met, the Fund’s future investments will be made in a manner that will bring the Fund into compliance with this policy. The Trust will provide shareholders with sixty (60) days’ prior notice of any change to this policy for the Fund.

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CEW - Performance

Return Ranking - Trailing

Period CEW Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -3.5% 9.2% 75.08%
1 Yr 6.0% -4.8% 25.1% 87.04%
3 Yr 0.7%* -14.1% 4.3% 6.90%
5 Yr 1.1%* -8.6% 6.7% 51.29%
10 Yr -0.6%* -5.8% 5.0% 79.77%

* Annualized

Return Ranking - Calendar

Period CEW Return Category Return Low Category Return High Rank in Category (%)
2023 6.9% -10.6% 17.8% 25.91%
2022 -2.4% -29.1% -2.4% 0.34%
2021 -6.6% -24.0% 2.7% 42.25%
2020 -0.7% -14.0% 9.7% 74.55%
2019 2.8% -6.4% 13.0% 93.73%

Total Return Ranking - Trailing

Period CEW Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -3.5% 9.2% 75.08%
1 Yr 6.0% -4.8% 25.1% 87.04%
3 Yr 0.7%* -14.1% 4.3% 6.90%
5 Yr 1.1%* -8.6% 6.7% 51.29%
10 Yr -0.6%* -5.8% 5.0% 79.77%

* Annualized

Total Return Ranking - Calendar

Period CEW Return Category Return Low Category Return High Rank in Category (%)
2023 9.1% -0.6% 20.0% 83.06%
2022 -1.7% -27.6% -1.7% 0.34%
2021 -6.6% -18.5% 7.4% 76.06%
2020 -0.1% -7.8% 18.0% 96.73%
2019 4.8% -3.0% 23.0% 96.68%

CEW - Holdings

Concentration Analysis

CEW Category Low Category High CEW % Rank
Net Assets 7.11 M 565 K 14.4 B 98.67%
Number of Holdings 19 4 1779 97.67%
Net Assets in Top 10 6.86 M -134 M 1.25 B 78.74%
Weighting of Top 10 96.91% 5.1% 101.4% 0.67%

Top 10 Holdings

  1. United States Treasury Bill 35.59%
  2. CITI TRI PARTY REPO 31.63%
  3. United States Cash Management Bill - Reopening 24.54%
  4. WisdomTree Floating Rate Treasury Fund 4.83%
  5. PURCHASED MXN / SOLD USD 0.10%
  6. PURCHASED PLN / SOLD USD 0.07%
  7. PURCHASED COP / SOLD USD 0.06%
  8. PURCHASED IDR / SOLD USD 0.03%
  9. PURCHASED INR / SOLD USD 0.03%
  10. PURCHASED BRL / SOLD USD 0.03%

Asset Allocation

Weighting Return Low Return High CEW % Rank
Bonds
60.13% 0.91% 99.54% 98.67%
Other
31.40% -9.56% 88.17% 1.33%
Stocks
4.83% -0.01% 93.55% 0.66%
Cash
3.64% 0.00% 21.93% 63.79%
Preferred Stocks
0.00% 0.00% 1.28% 74.42%
Convertible Bonds
0.00% 0.00% 8.47% 89.26%

Stock Sector Breakdown

Weighting Return Low Return High CEW % Rank
Utilities
0.00% 0.00% 11.41% N/A
Technology
0.00% 0.00% 30.64% N/A
Real Estate
0.00% 0.00% 2.39% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 12.25% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 8.92% N/A
Consumer Defense
0.00% 0.00% 24.66% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High CEW % Rank
US
4.83% 0.00% 93.50% 0.66%
Non US
0.00% -0.01% 1.26% 78.41%

Bond Sector Breakdown

Weighting Return Low Return High CEW % Rank
Government
36.99% 0.00% 99.79% 80.87%
Cash & Equivalents
0.00% 0.00% 23.23% 95.68%
Securitized
0.00% 0.00% 2.41% 79.19%
Corporate
0.00% 0.00% 93.26% 98.66%
Municipal
0.00% 0.00% 0.00% 73.83%
Derivative
-0.23% -1.03% 7.35% 91.69%

Bond Geographic Breakdown

Weighting Return Low Return High CEW % Rank
US
60.13% -42.31% 99.01% 58.14%
Non US
0.00% 0.00% 132.49% 94.35%

CEW - Expenses

Operational Fees

CEW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.02% 35.56% 93.67%
Management Fee 0.55% 0.00% 1.10% 19.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

CEW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

CEW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CEW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 218.00% 7.66%

CEW - Distributions

Dividend Yield Analysis

CEW Category Low Category High CEW % Rank
Dividend Yield 1.98% 0.00% 22.22% 95.35%

Dividend Distribution Analysis

CEW Category Low Category High Category Mod
Dividend Distribution Frequency Annual Monthly Monthly Monthly

Net Income Ratio Analysis

CEW Category Low Category High CEW % Rank
Net Income Ratio -0.51% -2.28% 8.00% 98.98%

Capital Gain Distribution Analysis

CEW Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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CEW - Fund Manager Analysis

Managers

David Nieman


Start Date

Tenure

Tenure Rank

Nov 16, 2020

1.54

1.5%

Mr. Nieman, a Vice President and Portfolio Manager, has been with Mellon Investments Corporation since 2013. Mr. Nieman is responsible for managing global aggregate, high yield and emerging market local currency funds, as well as duration hedged strategies. Prior to joining Mellon Investments Corporation, Mr. Nieman worked for State Street Global Advisors where he managed credit and interest rate strategies. Mr. Nieman earned a Master’s Degree in International Economics and Finance from Brandeis University and a Bachelor’s Degree in Economics from Brigham Young University.

Nancy Rogers


Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

Nancy is the Head of Fixed Income Index Portfolio Management. She is responsible for the management of domestic and international fixed income index portfolios, including separate, commingled, and mutual fund accounts. She has experience in managing aggregate, government, credit and custom indexes. Nancy has been in the investment industry and at BNY Mellon affiliates since 1987. Prior to her current role, she was a senior portfolio manager at Standish and portfolio manager at Mellon Bond Associates. Previously, she served in various functions such as trading, performance measurement, and portfolio accounting. In 2012, Nancy was awarded the Pittsburgh quarterly Outstanding Leadership Team Award for her work with the management team on the Building Organizational Talent initiative. Nancy earned an MBA in investments from Drexel University. She holds the CFA designation and is a member of the CFA Institute and CFA Society Pittsburgh.

Gregg Lee


Start Date

Tenure

Tenure Rank

Jan 31, 2021

1.33

1.3%

Gregg A. Lee, CFA is Director, Senior Portfolio Manager, Fixed Income at Mellon. He joined Mellon in 1989 as an equity indexing portfolio manager and after just over a year, transferred to the fixed-income department. Mr. Lee is responsible for domestic and international fixed income portfolios. He oversees the MBS/securitized sector and helps with the refinement and implementation of the portfolio management process. Mr. Lee also manages global aggregate portfolios including all components and custom indexes, and fixed income ETFs. Prior experience includes managing and trading domestic and international active fixed-income portfolios with a focus on the Active Core and Core Plus strategies. Mr. Lee graduated with a B.S. from University of California at Davis in Managerial Economics. Mr. Lee has been in the investment industry since 1989. Mr. Lee is a member of the CFA Institute and the CFA Society of San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.87 6.39 6.11