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Trending ETFs

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

ETF
DDLS
Payout Change
Pending
Price as of:
$35.16 +0.02 +0.06%
primary theme
International Mid-Cap Value Equity
DDLS (ETF)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

Payout Change
Pending
Price as of:
$35.16 +0.02 +0.06%
primary theme
International Mid-Cap Value Equity
DDLS (ETF)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

Payout Change
Pending
Price as of:
$35.16 +0.02 +0.06%
primary theme
International Mid-Cap Value Equity

Name

As of 05/20/2024

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

Vitals

YTD Return

7.1%

1 yr return

14.2%

3 Yr Avg Return

4.9%

5 Yr Avg Return

7.6%

Net Assets

$249 M

Holdings in Top 10

11.1%

52 WEEK LOW AND HIGH

$35.1
$28.92
$35.27

Expenses

OPERATING FEES

Expense Ratio 0.48%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 60.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/20/2024

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

DDLS - Profile

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.86%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund
  • Fund Family Name
    WisdomTree Trust
  • Inception Date
    Jan 07, 2016
  • Shares Outstanding
    1800000
  • 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 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 small-capitalization 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 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 the equity securities of companies that comprise the bottom 25% of the market capitalization of the WisdomTree International Equity Index, as of the annual Index screening date, after the 300 largest companies have been removed. As of September 30, 2023, the Index had a market capitalization range from $45.2 million to $25.0 billion, with an average market capitalization of $1.1 billion. 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, the 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) have a 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 their specified caps 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 as 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 Industrials and Financials Sectors 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, particularly the United Kingdom, 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.

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DDLS - Performance

Return Ranking - Trailing

Period DDLS Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% 3.4% 20.4% 59.26%
1 Yr 14.2% 3.1% 42.3% 68.52%
3 Yr 4.9%* -2.2% 32.0% 27.45%
5 Yr 7.6%* 4.5% 21.8% 66.67%
10 Yr N/A* 2.5% 6.8% 100.00%

* Annualized

Return Ranking - Calendar

Period DDLS Return Category Return Low Category Return High Rank in Category (%)
2023 10.4% -5.4% 35.2% 73.58%
2022 -14.8% -22.7% 5.8% 50.98%
2021 14.0% -5.7% 19.7% 23.53%
2020 -6.3% -10.7% 30.9% 89.80%
2019 20.0% 2.1% 31.6% 11.11%

Total Return Ranking - Trailing

Period DDLS Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% 3.4% 20.4% 59.26%
1 Yr 14.2% 3.1% 42.3% 68.52%
3 Yr 4.9%* -2.2% 32.0% 27.45%
5 Yr 7.6%* 4.5% 21.8% 66.67%
10 Yr N/A* 2.5% 6.8% N/A

* Annualized

Total Return Ranking - Calendar

Period DDLS Return Category Return Low Category Return High Rank in Category (%)
2023 15.2% 3.2% 40.0% 71.70%
2022 -10.1% -22.3% 6.4% 37.25%
2021 17.7% 9.0% 77.0% 31.37%
2020 -3.0% -10.3% 37.2% 89.80%
2019 24.8% 8.6% 31.9% 11.11%

DDLS - Holdings

Concentration Analysis

DDLS Category Low Category High DDLS % Rank
Net Assets 249 M 6.93 M 10.9 B 68.52%
Number of Holdings 985 10 5533 16.67%
Net Assets in Top 10 25.8 M 398 K 2.92 B 75.93%
Weighting of Top 10 11.09% 2.6% 104.7% 66.67%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 4.94%
  2. Rubis SCA 0.81%
  3. TORM PLC 0.73%
  4. Cofinimmo SA 0.73%
  5. Bank of Georgia Group PLC 0.73%
  6. D/S Norden A/S 0.70%
  7. Pagegroup PLC 0.64%
  8. Hoegh Autoliners ASA 0.63%
  9. ACEA SpA 0.62%
  10. SBM Offshore NV 0.57%

Asset Allocation

Weighting Return Low Return High DDLS % Rank
Stocks
100.67% 82.00% 100.67% 1.85%
Cash
4.94% 0.00% 15.86% 24.07%
Preferred Stocks
0.10% 0.00% 4.46% 38.89%
Convertible Bonds
0.00% 0.00% 0.41% 88.46%
Bonds
0.00% 0.00% 5.03% 85.19%
Other
-1.36% -1.36% 4.62% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High DDLS % Rank
Industrials
24.17% 5.36% 31.52% 30.77%
Financial Services
15.84% 3.05% 32.74% 46.15%
Consumer Cyclical
11.36% 4.00% 24.14% 46.15%
Basic Materials
11.00% 1.74% 28.84% 53.85%
Real Estate
9.68% 0.00% 16.01% 13.46%
Consumer Defense
7.45% 3.45% 18.05% 34.62%
Technology
7.01% 0.00% 18.01% 61.54%
Communication Services
3.90% 0.00% 8.94% 48.08%
Healthcare
3.62% 0.00% 9.89% 51.92%
Energy
3.03% 0.00% 19.25% 76.92%
Utilities
2.92% 0.00% 15.19% 15.38%

Stock Geographic Breakdown

Weighting Return Low Return High DDLS % Rank
Non US
100.52% 0.00% 100.52% 1.85%
US
0.15% 0.00% 99.95% 87.04%

DDLS - Expenses

Operational Fees

DDLS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.48% 0.36% 4.59% 88.89%
Management Fee 0.48% 0.30% 1.05% 14.81%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee N/A 0.01% 0.15% N/A

Sales Fees

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

Trading Fees

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

DDLS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 2.00% 119.00% 77.08%

DDLS - Distributions

Dividend Yield Analysis

DDLS Category Low Category High DDLS % Rank
Dividend Yield 2.73% 0.00% 8.78% 33.33%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DDLS Category Low Category High DDLS % Rank
Net Income Ratio 2.86% -0.10% 4.33% 11.54%

Capital Gain Distribution Analysis

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

Distributions History

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DDLS - Fund Manager Analysis

Managers

Marlene Walker-Smith


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.

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.

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.

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 26.6 7.22 10.34