WisdomTree Artificial Intelligence and Innovation Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-6.9%
1 yr return
20.2%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$252 M
Holdings in Top 10
22.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WTAI - Profile
Distributions
- YTD Total Return -6.9%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWisdomTree Artificial Intelligence and Innovation Fund
-
Fund Family NameWisdomTree Trust
-
Inception DateDec 09, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTodd Frysinger
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.
The Index is designed to provide exposure to equity securities of exchange-listed companies globally, including developed countries and emerging markets throughout the world, which are primarily involved in the investment theme of Artificial Intelligence and Innovation.
The Index constituents are determined by an Index committee that looks at companies focusing on artificial intelligence technology in the following categories: (i) software - companies that provide artificial intelligence software to enable artificial intelligence and machine learning capabilities to be applied in the client domain; (ii) semiconductors - companies that produce semiconductors or semiconductor equipment and technology; and (iii) other hardware - companies that produce or develop hardware and technology essential for artificial intelligence applications that are not classified as semiconductors (collectively, “Artificial Intelligence Activities”). Artificial intelligence refers to the application of computer systems or robotics to perform tasks that typically require human intelligence, discernment and adaption, such as decision-making, reasoning, learning from past experiences, visual perception, and speech recognition. These Artificial Intelligence Activities are described in further detail in the “Additional Information About the Fund’s Investment Strategies” section of the Prospectus.
WisdomTree, Inc., the Fund’s Index Provider (the “Index Provider”), and parent company of the Fund’s investment adviser, WisdomTree Asset Management, Inc. (“WisdomTree Asset Management” or the “Adviser”), defines companies in the theme of Innovation as those that introduce a new, creative, or different (i.e., “innovative”) technologically enabled product or service in seeking to potentially change an industry landscape, as well as companies that service those Innovative technologies (collectively, “Innovative Activities”). The Index Provider identifies Innovation-related companies by reference to classifications made by independent firms, through public company filings and/or by identifying companies that derive a significant portion of their revenues from the manufacture, sale and/or service of Innovative products or services.
To be eligible for inclusion in the Index, a company must derive at least 50% of its revenue from (i) one or more of the three Artificial Intelligence Activities or (ii) Innovative Activities, as described above, as of the Index screening date. The Index Provider expects that 50% of the Index constituent weight will meet the definition of Artificial Intelligence Activities.
In addition to meeting the definition of either Artificial Intelligence Activities or Innovative Activities, to be eligible for inclusion in the Index, a company must also meet the following criteria as of the Index screening date: (i) have a market capitalization of at least $100 million; and (ii) a median daily dollar trading volume of at least $1 million for each of the preceding three months.
The Index is reconstituted and rebalanced on a semi-annual basis. The 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 assign companies to a given sector or industry and identify the sectors represented in the Index. The sectors represented in the Index, as well as the extent of such representation, are expected to vary over time. A sector typically is comprised of multiple industries. For example, the Energy Sector is comprised of, among others, the Energy Equipment and Services Industry and the Oil, Gas and Consumable Fuels Industry. As of September 30, 2023, companies assigned to the Information Technology Sector comprised a significant portion (i.e., approximately 15% or more of the 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 more than 25% of its total assets) in the securities of companies assigned to a particular industry or group of industries, the Fund will concentrate its investments in such industry to approximately the same extent as the Index. The Index Provider expects that the Index, and consequently the Fund, will concentrate in securities of the following industries: Software & Services and Semiconductors & Semiconductor Equipment, although concentration levels may change from time to time.
As of September 30, 2023, the equity securities of companies domiciled in or otherwise tied (e.g., a company’s principal place of business is maintained in that region or country) to the United States comprised a significant portion (i.e., approximately 15% or more of the total weighting) of the Index, although the Index’s geographic exposure may change from time to time.
WTAI - Performance
Return Ranking - Trailing
Period | WTAI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -6.9% | -38.5% | 31.2% | 91.64% |
1 Yr | 20.2% | -67.1% | 39.2% | N/A |
3 Yr | N/A* | -40.8% | 30.6% | N/A |
5 Yr | N/A* | -33.3% | 22.3% | N/A |
10 Yr | N/A* | -16.3% | 23.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | WTAI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 46.0% | -73.9% | 35.7% | N/A |
2022 | -42.4% | -25.6% | 73.1% | N/A |
2021 | N/A | -97.5% | 60.0% | N/A |
2020 | N/A | -24.7% | 44.9% | N/A |
2019 | N/A | -22.9% | 38.5% | N/A |
Total Return Ranking - Trailing
Period | WTAI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -6.9% | -75.9% | 954.2% | 96.35% |
1 Yr | 20.2% | -67.1% | 66.6% | N/A |
3 Yr | N/A* | -40.8% | 30.6% | N/A |
5 Yr | N/A* | -33.3% | 30.0% | N/A |
10 Yr | N/A* | -16.3% | 23.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | WTAI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 46.3% | -73.9% | 35.7% | N/A |
2022 | -42.3% | -25.6% | 73.1% | N/A |
2021 | N/A | -97.5% | 60.0% | N/A |
2020 | N/A | -24.7% | 44.9% | N/A |
2019 | N/A | -22.9% | 43.6% | N/A |
WTAI - Holdings
Concentration Analysis
WTAI | Category Low | Category High | WTAI % Rank | |
---|---|---|---|---|
Net Assets | 252 M | 863 K | 50.4 B | 100.00% |
Number of Holdings | 81 | 1 | 470 | 26.05% |
Net Assets in Top 10 | 44.4 M | 0 | 30.3 B | 96.46% |
Weighting of Top 10 | 22.28% | 7.6% | 100.0% | 94.84% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 6.85%
- NAVER Corp 1.96%
- Alphabet Inc 1.82%
- ARM Holdings PLC 1.80%
- Meta Platforms Inc 1.80%
- QUALCOMM Inc 1.65%
- Synaptics Inc 1.63%
- Microsoft Corp 1.61%
- ASML Holding NV 1.58%
- GLOBALFOUNDRIES Inc 1.57%
Asset Allocation
Weighting | Return Low | Return High | WTAI % Rank | |
---|---|---|---|---|
Stocks | 99.91% | 0.00% | 100.53% | 5.79% |
Cash | 6.85% | -0.53% | 100.00% | 80.39% |
Preferred Stocks | 0.00% | 0.00% | 2.84% | 13.50% |
Other | 0.00% | -1.08% | 26.87% | 21.86% |
Convertible Bonds | 0.00% | 0.00% | 0.40% | 10.93% |
Bonds | 0.00% | 0.00% | 4.72% | 11.25% |
Stock Sector Breakdown
Weighting | Return Low | Return High | WTAI % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 6.27% | 10.97% |
Technology | 0.00% | 2.80% | 100.00% | 29.03% |
Real Estate | 0.00% | 0.00% | 15.05% | 30.00% |
Industrials | 0.00% | 0.00% | 53.73% | 29.35% |
Healthcare | 0.00% | 0.00% | 43.58% | 28.06% |
Financial Services | 0.00% | 0.00% | 52.54% | 63.87% |
Energy | 0.00% | 0.00% | 7.96% | 10.32% |
Communication Services | 0.00% | 0.00% | 97.05% | 69.35% |
Consumer Defense | 0.00% | 0.00% | 5.64% | 20.65% |
Consumer Cyclical | 0.00% | 0.00% | 51.15% | 23.87% |
Basic Materials | 0.00% | 0.00% | 36.08% | 19.03% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WTAI % Rank | |
---|---|---|---|---|
US | 82.99% | 0.00% | 100.53% | 92.93% |
Non US | 16.92% | 0.00% | 99.27% | 6.75% |
WTAI - Expenses
Operational Fees
WTAI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | 0.08% | 2.97% | 80.71% |
Management Fee | 0.45% | 0.00% | 1.95% | 11.46% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.50% | N/A |
Sales Fees
WTAI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
WTAI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
WTAI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 281.00% | N/A |
WTAI - Distributions
Dividend Yield Analysis
WTAI | Category Low | Category High | WTAI % Rank | |
---|---|---|---|---|
Dividend Yield | 0.01% | 0.00% | 42.10% | 26.52% |
Dividend Distribution Analysis
WTAI | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Monthly | Annually |
Net Income Ratio Analysis
WTAI | Category Low | Category High | WTAI % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -2.30% | 2.08% | N/A |
Capital Gain Distribution Analysis
WTAI | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jan 03, 2024 | $0.003 | OrdinaryDividend |
Dec 28, 2023 | $0.025 | OrdinaryDividend |
Dec 29, 2022 | $0.031 | OrdinaryDividend |
WTAI - Fund Manager Analysis
Managers
Todd Frysinger
Start Date
Tenure
Tenure Rank
Dec 07, 2021
0.48
0.5%
Mr. Frysinger is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2007.
Michael Stoll
Start Date
Tenure
Tenure Rank
Dec 07, 2021
0.48
0.5%
Mr. Stoll is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2005.
Marlene Walker-Smith
Start Date
Tenure
Tenure Rank
Dec 07, 2021
0.48
0.5%
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
Dec 07, 2021
0.48
0.5%
Mr. France is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2009.
Vlasta Sheremeta
Start Date
Tenure
Tenure Rank
Dec 07, 2021
0.48
0.5%
Ms. Sheremeta is a vice president and senior portfolio manager at Mellon. She has been employed by Mellon or a predecessor company since 2011.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 32.43 | 7.88 | 2.12 |