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Trending ETFs

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

ETF
XSOE
Payout Change
Pending
Price as of:
$29.36 +0.06 +0.2%
primary theme
Emerging Markets Equity
XSOE (ETF)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

Payout Change
Pending
Price as of:
$29.36 +0.06 +0.2%
primary theme
Emerging Markets Equity
XSOE (ETF)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

Payout Change
Pending
Price as of:
$29.36 +0.06 +0.2%
primary theme
Emerging Markets Equity

Name

As of 03/27/2024

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

$29.36

$1.99 B

2.38%

$0.70

0.32%

Vitals

YTD Return

1.7%

1 yr return

9.1%

3 Yr Avg Return

-8.6%

5 Yr Avg Return

2.4%

Net Assets

$1.99 B

Holdings in Top 10

26.1%

52 WEEK LOW AND HIGH

$29.3
$25.60
$29.84

Expenses

OPERATING FEES

Expense Ratio 0.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

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

$29.36

$1.99 B

2.38%

$0.70

0.32%

XSOE - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return -8.6%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.62%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
  • Fund Family Name
    WisdomTree Trust
  • Inception Date
    Dec 10, 2014
  • Shares Outstanding
    91400000
  • 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 emerging markets, 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 starting universe for the Index (the “pre-screening universe”) includes companies that: (i) are incorporated or domiciled (i.e., maintain their principal place of business) in one of the following emerging market countries: Argentina, Brazil, Chile, China, Czech Republic, Hungary, India, Indonesia, Korea, Malaysia, Mexico, the Philippines, Poland, Russia, Saudi Arabia, South Africa, Taiwan, Thailand, or Turkey; (ii) list shares on a stock exchange in one of the foregoing emerging market countries or the United States (except Chinese companies may have shares listed in Hong Kong); (iii) have a float-adjusted market capitalization of at least $1 billion as of the 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 Index screening date; and (v) trade at least 250,000 shares per month or $25 million notional for each of the six months preceding the Index screening date. The Index is comprised of the companies in the pre-screening universe that are not state-owned enterprises as of the annual Index screening date.

Securities are weighted in the Index based on a modified market cap weighting scheme that adjusts the weight of Index securities from each country to approximate the weight of securities from that country in the pre-screening universe (excluding any domestic listed Chinese securities). The weight of Index securities from a single country, however, will not be multiplied by a factor greater than three. After applying the foregoing country weight adjustment, should any sector have a weight that is 3% higher or lower than its pre-screening universe sector weight, such sector’s weight will be adjusted by a factor so that the sector’s weight is 3% higher or lower, respectively, than its pre-screening universe weight. Companies that are not state-owned, but are incorporated within countries that have relatively high government ownership among initial screening constituents, could potentially see higher weights than they would under a normal market cap weighting scheme. Companies that are not state-owned, but are incorporated within countries that have relatively low government ownership among initial screening constituents, could potentially see lower weights than they would under a normal market cap weighting scheme. 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 market capitalization and 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 June 30, 2023, companies in the information technology, consumer discretionary, and financials 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.

As of June 30, 2023, the equity securities of companies domiciled in or otherwise tied to China, India and Taiwan comprised a significant portion (i.e., in excess of 15% of the Index’s total weighting) of the Index, although the Index’s geographic exposure may change from time to time.

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XSOE - Performance

Return Ranking - Trailing

Period XSOE Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -6.1% 14.4% 70.22%
1 Yr 9.1% -6.1% 41.9% 70.62%
3 Yr -8.6%* -22.7% 9.1% 77.62%
5 Yr 2.4%* -7.2% 11.5% 57.59%
10 Yr N/A* -2.3% 6.8% 66.67%

* Annualized

Return Ranking - Calendar

Period XSOE Return Category Return Low Category Return High Rank in Category (%)
2023 8.2% -6.5% 35.5% 54.12%
2022 -27.6% -50.1% -2.4% 74.83%
2021 -7.1% -33.1% 22.5% 61.23%
2020 27.1% -22.1% 80.1% 19.66%
2019 22.1% -0.7% 42.0% 27.59%

Total Return Ranking - Trailing

Period XSOE Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -6.1% 14.4% 70.22%
1 Yr 9.1% -6.1% 41.9% 70.62%
3 Yr -8.6%* -22.7% 9.1% 77.62%
5 Yr 2.4%* -7.2% 11.5% 57.59%
10 Yr N/A* -2.3% 6.8% N/A

* Annualized

Total Return Ranking - Calendar

Period XSOE Return Category Return Low Category Return High Rank in Category (%)
2023 10.3% -2.7% 42.0% 56.28%
2022 -25.8% -42.2% 1.9% 74.55%
2021 -5.9% -32.5% 33.1% 78.85%
2020 28.6% -20.0% 81.6% 20.89%
2019 24.8% 2.3% 42.0% 26.16%

XSOE - Holdings

Concentration Analysis

XSOE Category Low Category High XSOE % Rank
Net Assets 1.99 B 653 K 96.1 B 24.80%
Number of Holdings 633 10 6829 8.80%
Net Assets in Top 10 536 M 299 K 17.9 B 25.47%
Weighting of Top 10 26.09% 2.9% 122.2% 72.76%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 7.20%
  2. Samsung Electronics Co Ltd 4.85%
  3. Alibaba Group Holding Ltd 2.87%
  4. HDFC Bank Ltd 2.21%
  5. Al Rajhi Bank 2.08%
  6. Reliance Industries Ltd 1.92%
  7. PDD Holdings Inc 1.77%
  8. ICICI Bank Ltd 1.10%
  9. Infosys Ltd 1.06%
  10. Bank Central Asia Tbk PT 1.01%

Asset Allocation

Weighting Return Low Return High XSOE % Rank
Stocks
100.45% 0.00% 103.65% 2.40%
Cash
0.94% -2.03% 20.51% 69.20%
Other
0.00% -1.64% 50.31% 28.13%
Preferred Stocks
0.00% 0.00% 10.17% 73.07%
Convertible Bonds
0.00% 0.00% 7.40% 33.69%
Bonds
0.00% 0.00% 94.30% 42.53%

Stock Sector Breakdown

Weighting Return Low Return High XSOE % Rank
Technology
25.05% 0.00% 47.50% 35.36%
Financial Services
16.00% 0.00% 48.86% 80.03%
Consumer Cyclical
15.18% 0.00% 48.94% 22.94%
Communication Services
11.14% 0.00% 39.29% 22.67%
Basic Materials
7.64% 0.00% 30.03% 54.93%
Consumer Defense
6.59% 0.00% 25.90% 39.81%
Healthcare
6.22% 0.00% 16.53% 22.40%
Industrials
6.17% 0.00% 43.53% 46.69%
Energy
2.92% 0.00% 24.80% 67.48%
Real Estate
1.59% 0.00% 17.15% 51.55%
Utilities
1.49% 0.00% 39.12% 45.75%

Stock Geographic Breakdown

Weighting Return Low Return High XSOE % Rank
Non US
93.84% 0.00% 100.18% 15.60%
US
6.61% 0.00% 101.58% 63.20%

XSOE - Expenses

Operational Fees

XSOE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.32% 0.03% 24.48% 95.18%
Management Fee 0.32% 0.00% 2.00% 5.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

XSOE 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% 5.00% N/A

Trading Fees

XSOE 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.

XSOE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 189.00% 12.58%

XSOE - Distributions

Dividend Yield Analysis

XSOE Category Low Category High XSOE % Rank
Dividend Yield 2.38% 0.00% 9.88% 50.53%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XSOE Category Low Category High XSOE % Rank
Net Income Ratio 1.62% -1.98% 17.62% 24.76%

Capital Gain Distribution Analysis

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

Distributions History

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XSOE - 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 33.71 6.53 13.42