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Trending ETFs

Name

As of 04/12/2024

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

$50.43

$17.5 B

0.00%

0.15%

Vitals

YTD Return

1.7%

1 yr return

5.6%

3 Yr Avg Return

2.9%

5 Yr Avg Return

2.1%

Net Assets

$17.5 B

Holdings in Top 10

99.5%

52 WEEK LOW AND HIGH

$50.4
$50.21
$50.51

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 147.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 04/12/2024

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

$50.43

$17.5 B

0.00%

0.15%

USFR - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    WisdomTree Floating Rate Treasury Fund
  • Fund Family Name
    WisdomTree Trust
  • Inception Date
    Feb 04, 2014
  • Shares Outstanding
    115017500
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Nieman

Fund Description

The Fund employs a “passive management” – or indexing – investment approach designed to track the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index (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 the constituent securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such constituent securities.

Bloomberg Index Services Limited, the Index Provider, designed the Index to measure the performance of floating rate public obligations of the U.S. Treasury (“Floating Rate Notes” or “FRNs”). Unlike fixed-rate U.S. Treasury bonds, FRNs have interest rates that adjust periodically. FRN interest rates may be higher or lower than the interest rates of fixed-rate bonds of comparable quality with similar maturities. The FRN interest rate is the sum of an index (or coupon) rate and a spread. The FRN index rate is based on the highest accepted discount rate of the most recent 13-week T-bill and is reset daily based on a weekly rate according to the result of the most recent 13-week T-bill auction. The spread applied to an FRN is determined at its initial auction and is the highest accepted discount margin in that auction. The spread remains the same for the life of an FRN. Because FRN index rates reset daily based on a weekly rate, the value of an FRN generally fluctuates much less than that of a fixed-rate bond in response to market interest rate movements. FRN values, however, will decline if their index rates do not rise as much, or as quickly, as interest rates in general.

The Index is rules-based and market capitalization weighted and comprised of FRNs that have a minimum amount outstanding of one billion as of the monthly rebalancing date, which falls on the last business day of each month. FRNs eligible for inclusion in the Index must have an issue date on or before the Index rebalancing date. The Index excludes fixed-rate securities, Treasury inflation-protected securities, convertible bonds and bonds with survivor put options. Both the FRNs and the FRNs’ coupon and principal payments must be denominated in U.S. dollars. FRNs pay interest rates quarterly until maturity.

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USFR - Performance

Return Ranking - Trailing

Period USFR Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -1.3% 3.1% 47.47%
1 Yr 5.6% -0.9% 13.0% 58.80%
3 Yr 2.9%* -2.1% 5.8% 9.71%
5 Yr 2.1%* -1.0% 3.9% 43.85%
10 Yr 1.5%* -4.5% 27.5% 64.10%

* Annualized

Return Ranking - Calendar

Period USFR Return Category Return Low Category Return High Rank in Category (%)
2023 -0.1% -2.3% 4.3% 94.93%
2022 0.2% -6.5% 0.5% 1.43%
2021 0.0% -2.1% 0.3% 11.27%
2020 0.2% -3.1% 1.8% 57.44%
2019 -0.1% -1.2% 6.1% 88.04%

Total Return Ranking - Trailing

Period USFR Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -1.3% 3.1% 47.47%
1 Yr 5.6% -0.9% 13.0% 58.80%
3 Yr 2.9%* -2.1% 5.8% 9.71%
5 Yr 2.1%* -1.0% 3.9% 43.85%
10 Yr 1.5%* -4.5% 27.5% 64.10%

* Annualized

Total Return Ranking - Calendar

Period USFR Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% 0.8% 12.1% 77.88%
2022 2.0% -5.1% 2.5% 1.43%
2021 0.0% -2.1% 14.5% 68.63%
2020 0.6% -1.0% 3.6% 92.82%
2019 2.0% 0.3% 9.6% 86.96%

USFR - Holdings

Concentration Analysis

USFR Category Low Category High USFR % Rank
Net Assets 17.5 B 25.6 K 22.6 B 1.81%
Number of Holdings 4 2 1291 98.19%
Net Assets in Top 10 18.4 B 32.5 K 18.4 B 0.45%
Weighting of Top 10 99.54% 5.6% 163.3% 4.52%

Top 10 Holdings

  1. United States Treasury Floating Rate Note 29.76%
  2. United States Treasury Floating Rate Note 28.15%
  3. United States Treasury Floating Rate Note 28.13%
  4. United States Treasury Floating Rate Note 13.49%

Asset Allocation

Weighting Return Low Return High USFR % Rank
Bonds
99.54% 0.00% 128.16% 6.33%
Cash
0.46% 0.00% 109.89% 92.31%
Stocks
0.00% 0.00% 97.29% 66.97%
Preferred Stocks
0.00% 0.00% 0.00% 60.18%
Other
0.00% -29.59% 99.92% 81.00%
Convertible Bonds
0.00% 0.00% 15.25% 90.91%

Bond Sector Breakdown

Weighting Return Low Return High USFR % Rank
Government
100.00% 0.00% 100.00% 0.45%
Derivative
0.00% -29.59% 21.59% 44.80%
Cash & Equivalents
0.00% 0.00% 109.89% 96.83%
Securitized
0.00% 0.00% 100.00% 90.45%
Corporate
0.00% 0.00% 99.91% 95.00%
Municipal
0.00% 0.00% 70.39% 78.64%

Bond Geographic Breakdown

Weighting Return Low Return High USFR % Rank
US
99.54% 0.00% 128.16% 6.33%
Non US
0.00% 0.00% 22.24% 63.80%

USFR - Expenses

Operational Fees

USFR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.02% 28.11% 94.98%
Management Fee 0.15% 0.00% 1.19% 9.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

USFR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

USFR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% 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.

USFR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 147.00% 0.00% 369.54% 93.01%

USFR - Distributions

Dividend Yield Analysis

USFR Category Low Category High USFR % Rank
Dividend Yield 0.00% 0.00% 8.10% 15.84%

Dividend Distribution Analysis

USFR Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

USFR Category Low Category High USFR % Rank
Net Income Ratio -0.02% -1.30% 14.86% 90.14%

Capital Gain Distribution Analysis

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

Distributions History

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USFR - 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 32.44 6.56 0.13