Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$33.15
$246 M
3.08%
$1.02
0.40%
YTD Return
3.6%
1 yr return
8.8%
3 Yr Avg Return
7.3%
5 Yr Avg Return
6.7%
Net Assets
$246 M
Holdings in Top 10
13.6%
Expense Ratio 0.40%
Front Load N/A
Deferred Load N/A
Turnover 38.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$33.15
$246 M
3.08%
$1.02
0.40%
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 dividend weighted index designed to provide exposure to the equity securities of companies in the industrialized world, excluding Canada and the United States, that pay regular cash dividends on shares of common stock, while at the same time dynamically hedging currency exposure to fluctuations between the value of the applicable foreign currencies (i.e., Australian Dollar, Canadian Dollar, Swiss Franc, Danish Krone, Euro, Great Britain Pound Sterling, Hong Kong Dollar, Israeli New Shekel, Japanese Yen, Norwegian Krone, Swedish Krona, and Singapore Dollar) and the U.S. dollar. The Index consists of equity securities of dividend-paying companies. To be eligible for inclusion in the Index, a company must meet the following criteria as of the annual Index screening date: (i) be incorporated in Europe, Japan, Australia, Hong Kong, Israel, or Singapore and have its shares listed for trading on one of the stock exchanges in Europe (i.e., Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, or the United Kingdom), the Tokyo Stock Exchange, or on exchanges in Australia, Hong Kong, Israel or Singapore; (ii) have paid at least $5 million in gross cash dividends on shares of its common stock in the prior annual cycle; (iii) have a market capitalization of at least $100 million; (iv) median daily dollar volume of at least $100,000 for the preceding three months; and (v) have trading of at least 250,000 shares per month for each of the preceding six months.
Securities are weighted in the Index based on dividends paid over the prior annual cycle. Generally, companies that pay a greater total dollar amount of dividends are more heavily weighted. To derive a company’s initial Index weight, (i) multiply the U.S. dollar value of the company’s annual gross dividend per share by its common shares outstanding (the “Cash Dividend Factor”); (ii) calculate the Cash Dividend Factor for each company; (iii) add together all of the companies’ Cash Dividend Factors; and (iv) divide the company’s Cash Dividend Factor by the sum of all Cash Dividend Factors. The maximum weight in the Index of any one sector and any one country is capped at 25% (with the exception of the Real Estate Sector, which is capped at 15%); however, sector and country weights may fluctuate above the specified cap in response to market conditions and/or the application of volume factor adjustments. If a component security no longer meets applicable trading volume thresholds as of the annual Index screening date, the Index methodology provides for the application of a volume factor adjustment to reduce the weight of such component security in the Index and reallocates the excess weight pro rata among the remaining component securities.
The Index dynamically hedges currency fluctuations in the relative value of the applicable foreign currencies against the U.S. dollar, ranging from a 0% to 100% hedge. The Index determines and adjusts the hedge ratios applicable to such foreign currencies on a monthly basis using five quantitative signals: momentum, interest rate differentials, low volatility, cross-asset predicted return, and time-series momentum. Momentum is measured by the three-month average of each currency’s spot price versus the U.S. dollar. Interest rate differentials are measured by the difference in interest rates, as implied in one month FX forwards, between each currency and the U.S. dollar. Low volatility is used to hedge exposure to the top two-thirds of currencies with the highest 24-month return volatilities. Cross-asset predicted return is determined by currencies’ predicted returns based on equity index returns for the past 12 months. Time-series momentum is based on a broad trend in the U.S. dollar. This approach is designed to seek to limit losses related to foreign currencies as such currencies depreciate against the U.S. dollar while allowing for participation in gains related to foreign currencies when such currencies appreciate against the U.S. dollar. In seeking to track the performance of the Index, the Fund also aims to benefit from such currency movements while reducing the volatility associated with currency returns.
The Index applies a published currency forward rate to each foreign currency represented in the Index to hedge against fluctuations in the relative value of the foreign currencies against the U.S. dollar pursuant to the applicable hedge ratios. The Fund uses forward currency contracts or futures contracts to the extent foreign currencies are hedged.
WisdomTree, Inc., the Index Provider and parent company of WisdomTree Asset Management, Inc. (“WisdomTree Asset Management” or the “Adviser”), 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 Financials Sector comprised a significant portion (i.e., approximately 15% or more of the total weighting) of the Index.
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.
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 each of Japan and Europe 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.
Period | DDWM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.6% | -5.1% | 6.2% | 11.35% |
1 Yr | 8.8% | -5.4% | 17.1% | 32.82% |
3 Yr | 7.3%* | -5.8% | 72.7% | 2.23% |
5 Yr | 6.7%* | -0.5% | 44.1% | 20.82% |
10 Yr | N/A* | -1.0% | 21.2% | 67.66% |
* Annualized
Period | DDWM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.0% | 1.0% | 26.9% | 80.62% |
2022 | -5.1% | -27.8% | 166.1% | 5.96% |
2021 | 10.6% | -66.6% | 64.4% | 17.52% |
2020 | -8.1% | -23.1% | 17.3% | 91.67% |
2019 | 16.9% | 4.4% | 31.6% | 28.77% |
Period | DDWM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.6% | -5.1% | 6.2% | 11.35% |
1 Yr | 8.8% | -5.4% | 17.1% | 32.82% |
3 Yr | 7.3%* | -5.8% | 72.7% | 2.23% |
5 Yr | 6.7%* | -0.5% | 44.1% | 20.82% |
10 Yr | N/A* | -1.0% | 21.2% | N/A |
* Annualized
Period | DDWM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.2% | 5.4% | 31.0% | 75.08% |
2022 | -0.8% | -19.9% | 344.3% | 2.82% |
2021 | 14.8% | -0.2% | 75.3% | 19.75% |
2020 | -4.6% | -20.4% | 18.9% | 89.33% |
2019 | 21.4% | 11.2% | 32.1% | 18.49% |
DDWM | Category Low | Category High | DDWM % Rank | |
---|---|---|---|---|
Net Assets | 246 M | 2.04 M | 46.7 B | 71.95% |
Number of Holdings | 1115 | 2 | 3900 | 1.52% |
Net Assets in Top 10 | 31.5 M | 485 K | 14 B | 82.32% |
Weighting of Top 10 | 13.59% | 0.2% | 100.0% | 93.88% |
Weighting | Return Low | Return High | DDWM % Rank | |
---|---|---|---|---|
Stocks | 100.56% | 0.99% | 104.06% | 3.66% |
Cash | 1.56% | 0.00% | 99.01% | 47.56% |
Preferred Stocks | 0.00% | 0.00% | 4.99% | 54.88% |
Convertible Bonds | 0.00% | 0.00% | 0.15% | 9.76% |
Bonds | 0.00% | 0.00% | 73.30% | 14.63% |
Other | -1.07% | -1.99% | 38.17% | 99.70% |
DDWM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.40% | 0.01% | 7.03% | 92.38% |
Management Fee | 0.40% | 0.00% | 1.25% | 8.87% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 0.47% | N/A |
DDWM 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 |
DDWM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
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.
DDWM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 38.00% | 2.00% | 158.16% | 42.31% |
DDWM | Category Low | Category High | DDWM % Rank | |
---|---|---|---|---|
Dividend Yield | 3.08% | 0.00% | 14.05% | 34.86% |
DDWM | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
DDWM | Category Low | Category High | DDWM % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.26% | 0.18% | 7.85% | 16.04% |
DDWM | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Mar 27, 2024 | $0.195 | OrdinaryDividend |
Dec 28, 2023 | $0.255 | OrdinaryDividend |
Sep 28, 2023 | $0.330 | OrdinaryDividend |
Jun 29, 2023 | $0.575 | OrdinaryDividend |
Mar 30, 2023 | $0.275 | OrdinaryDividend |
Dec 29, 2022 | $0.171 | OrdinaryDividend |
Sep 29, 2022 | $0.270 | OrdinaryDividend |
Jun 29, 2022 | $0.620 | OrdinaryDividend |
Mar 30, 2022 | $0.190 | OrdinaryDividend |
Dec 30, 2021 | $0.232 | OrdinaryDividend |
Sep 29, 2021 | $0.480 | OrdinaryDividend |
Jun 29, 2021 | $0.375 | OrdinaryDividend |
Mar 30, 2021 | $0.062 | OrdinaryDividend |
Dec 24, 2020 | $0.313 | OrdinaryDividend |
Sep 25, 2020 | $0.325 | OrdinaryDividend |
Jun 26, 2020 | $0.280 | OrdinaryDividend |
Mar 27, 2020 | $0.062 | OrdinaryDividend |
Dec 27, 2019 | $0.270 | OrdinaryDividend |
Sep 27, 2019 | $0.190 | OrdinaryDividend |
Jun 28, 2019 | $0.465 | OrdinaryDividend |
Mar 29, 2019 | $0.175 | OrdinaryDividend |
Dec 28, 2018 | $0.197 | OrdinaryDividend |
Sep 28, 2018 | $0.148 | OrdinaryDividend |
Jun 28, 2018 | $0.795 | OrdinaryDividend |
Dec 29, 2017 | $0.129 | OrdinaryDividend |
Sep 29, 2017 | $0.090 | OrdinaryDividend |
Jun 30, 2017 | $0.375 | OrdinaryDividend |
Mar 31, 2017 | $0.215 | OrdinaryDividend |
Dec 30, 2016 | $0.070 | OrdinaryDividend |
Sep 30, 2016 | $0.165 | OrdinaryDividend |
Jun 24, 2016 | $0.275 | OrdinaryDividend |
Mar 28, 2016 | $0.088 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Oct 31, 2020
1.58
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.
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.
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.
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.
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.2 | 29.68 | 7.65 | 0.54 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...