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Trending ETFs

Name

As of 05/22/2024

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

$29.46

$376 M

0.00%

0.32%

Vitals

YTD Return

6.0%

1 yr return

-6.1%

3 Yr Avg Return

-21.5%

5 Yr Avg Return

-2.1%

Net Assets

$376 M

Holdings in Top 10

38.6%

52 WEEK LOW AND HIGH

$29.7
$23.36
$34.69

Expenses

OPERATING FEES

Expense Ratio 0.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/22/2024

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

$29.46

$376 M

0.00%

0.32%

CXSE - Profile

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return -21.5%
  • 5 Yr Annualized Total Return -2.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    WisdomTree China ex-State-Owned Enterprises Fund
  • Fund Family Name
    WisdomTree Trust
  • Inception Date
    Sep 19, 2012
  • Shares Outstanding
    20350000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Marlene Walker-Smith

Fund Description

The Fund employs a “passive management” – or indexing – investment approach designed to track the performance of the Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in component securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities.

The Index is a modified float-adjusted market cap weighted index that consists of common stocks in China, excluding common stocks of “state-owned enterprises.” WisdomTree, Inc. (“WisdomTree”), as index provider, defines state-owned enterprises as companies with over 20% government ownership. The Index consists of companies that: (i) are incorporated or domiciled (i.e., maintain their principal place of business) in China; (ii) list shares on a stock exchange in Hong Kong or the United States; (iii) have a float-adjusted market capitalization of at least $1 billion as of the annual Index screening date (“float-adjusted” means that the share amounts reflect only shares available to investors); (iv) have a median daily dollar trading volume of at least $100,000 for the three months preceding the annual Index screening date; (v) trade at least 250,000 shares per month or $25 million notional for each of the six months preceding the annual Index screening date; and (vi) are not state-owned enterprises as of the annual Index screening date.

The Index also consists of the 100 largest companies by float-adjusted market capitalization that are incorporated in mainland China, listed and traded on the Shanghai Stock Exchange (“SSE”) or Shenzhen Stock Exchange (“SZSE”) via the Shanghai-Hong Kong or Shenzhen-Hong Kong Stock Connect (“Stock Connect”) programs in Chinese renminbi (“A-Shares”) and meet the trading requirements set forth above. Stock Connect is a securities trading and clearing linked program between either SSE or SZSE, and the Stock Exchange of Hong Kong Limited (“SEHK”), Hong Kong Securities Clearing Company Limited (“HKSCC”), and China Securities Depository and Clearing Corporation Limited (“ChinaClear”), with an aim to achieve mutual stock market access between the People’s Republic of China (“PRC”) and Hong Kong. The maximum weight of China A-Shares in the Index, at the time of the Index’s annual screening date, is capped at 33%; however, the weight of China A-Shares in the Index may fluctuate above the cap in response to market conditions and/or the application of volume factor adjustments, as described below.

Securities are weighted in the Index based on float-adjusted market capitalization, as modified pursuant to certain limitations set forth below. On the Index’s annual screening date, the maximum weight of any security in the Index is capped at 10%, and the Index caps the weight of components exposed to any one sector at 30%. The Index also may adjust the weight of individual components on the annual screening date based on certain quantitative thresholds or limits tied to key metrics of a component security, such as its trading volume. To the extent the Index reduces an individual component’s weight, the excess weight will be reallocated pro rata among the other components. Similarly, if the Index increases a component’s weight, the weight of the other components will be reduced on a pro rata basis to contribute the weight needed for such increase. The weight of a sector or individual component in the Index may fluctuate above or below specified caps and thresholds, respectively, between screening dates in response to market conditions.

WisdomTree, Inc. (“WisdomTree”), as Index provider, currently uses the Global Industry Classification Standard (GICS®), a widely recognized industry classification methodology developed by MSCI, Inc. and Standard & Poor’s Financial Services LLC, to define companies within a sector. The following sectors are included in the Index: communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities. A sector is comprised of multiple industries. For example, the energy sector is comprised of companies in the energy equipment and services industry as well as the oil, gas and consumable fuels industry. As of March 15, 2024, companies in the communication services and consumer discretionary sectors comprised a significant portion (i.e., in excess of 15% of the Index’s total weighting) of the Index; however, the Index's sector exposure may change from time to time.

To the extent the Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent as the Index.

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CXSE - Performance

Return Ranking - Trailing

Period CXSE Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -13.3% 19.1% 64.29%
1 Yr -6.1% -23.2% 25.3% 57.14%
3 Yr -21.5%* -26.2% 6.1% 84.27%
5 Yr -2.1%* -13.1% 16.9% 63.51%
10 Yr 3.0%* -4.0% 9.5% 32.73%

* Annualized

Return Ranking - Calendar

Period CXSE Return Category Return Low Category Return High Rank in Category (%)
2023 -19.3% -26.6% 26.3% 63.27%
2022 -30.3% -41.6% -9.4% 74.73%
2021 -24.2% -52.5% 26.5% 78.41%
2020 58.3% 1.3% 138.5% 6.58%
2019 36.5% -1.9% 42.6% 4.05%

Total Return Ranking - Trailing

Period CXSE Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -13.3% 19.1% 64.29%
1 Yr -6.1% -23.2% 25.3% 57.14%
3 Yr -21.5%* -26.2% 6.1% 84.27%
5 Yr -2.1%* -13.1% 16.9% 63.51%
10 Yr 3.0%* -4.0% 9.5% 32.73%

* Annualized

Total Return Ranking - Calendar

Period CXSE Return Category Return Low Category Return High Rank in Category (%)
2023 -18.0% -25.7% 30.1% 58.16%
2022 -29.3% -40.4% -6.8% 79.12%
2021 -23.7% -48.9% 29.5% 88.64%
2020 59.4% 2.0% 138.5% 10.53%
2019 38.0% 7.8% 44.4% 6.76%

CXSE - Holdings

Concentration Analysis

CXSE Category Low Category High CXSE % Rank
Net Assets 376 M 928 K 5.43 B 19.39%
Number of Holdings 196 27 1185 9.47%
Net Assets in Top 10 204 M 534 K 3.2 B 20.00%
Weighting of Top 10 38.58% 5.0% 81.8% 73.68%

Top 10 Holdings

  1. Alibaba Group Holding Ltd 10.04%
  2. PDD Holdings Inc 6.24%
  3. NetEase Inc 3.81%
  4. Ping An Insurance Group Co of China Ltd 3.69%
  5. Meituan 3.20%
  6. State Street Navigator Securities Lending Government Money Market Portfolio 2.52%
  7. JD.com Inc 2.39%
  8. Contemporary Amperex Technology Co Ltd 2.35%
  9. Kuaishou Technology 2.18%
  10. Ping An Insurance Group Co of China Ltd 2.15%

Asset Allocation

Weighting Return Low Return High CXSE % Rank
Stocks
99.62% 0.00% 101.98% 23.96%
Cash
2.52% 0.00% 26.31% 36.84%
Preferred Stocks
0.00% 0.00% 2.81% 93.68%
Other
0.00% -0.01% 47.32% 88.42%
Convertible Bonds
0.00% 0.00% 0.15% 93.62%
Bonds
0.00% 0.00% 69.90% 93.75%

Stock Sector Breakdown

Weighting Return Low Return High CXSE % Rank
Consumer Cyclical
32.28% 0.00% 95.37% 11.70%
Communication Services
19.02% 0.00% 41.06% 15.96%
Technology
10.19% 0.00% 58.02% 52.13%
Healthcare
10.09% 0.00% 100.00% 24.47%
Industrials
8.81% 0.00% 36.69% 60.64%
Financial Services
6.96% 0.00% 41.62% 82.98%
Consumer Defense
5.75% 0.00% 20.13% 71.28%
Basic Materials
3.31% 0.00% 19.86% 52.13%
Real Estate
2.47% 0.00% 22.12% 53.19%
Utilities
0.76% 0.00% 11.37% 42.55%
Energy
0.35% 0.00% 19.38% 41.49%

Stock Geographic Breakdown

Weighting Return Low Return High CXSE % Rank
Non US
90.12% 0.00% 99.93% 54.74%
US
9.50% 0.00% 99.99% 31.58%

CXSE - Expenses

Operational Fees

CXSE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.32% 0.09% 14.63% 96.84%
Management Fee 0.32% 0.09% 1.50% 4.08%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.06% 0.25% N/A

Sales Fees

CXSE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

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

CXSE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 4.00% 241.00% 35.00%

CXSE - Distributions

Dividend Yield Analysis

CXSE Category Low Category High CXSE % Rank
Dividend Yield 0.00% 0.00% 8.89% 36.73%

Dividend Distribution Analysis

CXSE Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

CXSE Category Low Category High CXSE % Rank
Net Income Ratio 1.10% -1.76% 3.66% 12.77%

Capital Gain Distribution Analysis

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

Distributions History

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CXSE - Fund Manager Analysis

Managers

Marlene Walker-Smith


Start Date

Tenure

Tenure Rank

Oct 26, 2020

1.59

1.6%

Marlene is head of equity index portfolio management. She leads the team of equity index portfolio managers managing US and non-US equity index portfolios and is responsible for the refinement and implementation of the entire equity index portfolio management process. Previously, Marlene served as a senior portfolio manager within the equity index team and prior to joining the equity index team was an equity trader for the firm. Prior to joining the firm in 1995, Marlene was a trader for Banc One Investment Advisors Corporation and a brokerage services manager for Mid Atlantic Capital Corporation. Marlene has been in the investment industry since 1990. Marlene earned an MBA in finance from the University of Pittsburgh and a BA in history and Russian from Washington & Jefferson College.

David France


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Mr. France is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2009.

Todd Frysinger


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Mr. Frysinger is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2007.

Vlasta Sheremeta


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Ms. Sheremeta is a vice president and senior portfolio manager at Mellon. She has been employed by Mellon or a predecessor company since 2011.

Michael Stoll


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Mr. Stoll is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 24.1 3.69 3.22