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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 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
14.8%
1 yr return
17.2%
3 Yr Avg Return
17.4%
5 Yr Avg Return
12.9%
Net Assets
$58.4 M
Holdings in Top 10
12.4%
Expense Ratio 0.58%
Front Load N/A
Deferred Load N/A
Turnover 41.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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 constituent securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such constituent securities.
WisdomTree, Inc. (“WisdomTree”), the Index Provider and parent company of WisdomTree Asset Management, Inc. (“WisdomTree Asset Management” or the “Adviser”), has created the Index to provide exposure to Japanese small-capitalization equity markets while at the same time “hedging” or neutralizing exposure to fluctuations in the value of the Japanese yen relative to the U.S. dollar.
The Index consists of dividend-paying small capitalization companies incorporated in Japan and traded on the Tokyo Stock Exchange. As of June 30, 2024, the Index had a market capitalization range from $101.9 million to $3.7 billion, with an average market capitalization of $861.2 million. To be eligible for inclusion in the Index, a company must meet the following criteria as of the annual Index screening date: (i) incorporated in Japan and traded on the Tokyo Stock Exchange; (ii) payment of at least $5 million in cash dividends on common shares during the preceding annual cycle; (iii) market capitalization of at least $100 million; (iv) median daily dollar trading volume of at least $100,000 for the preceding three months; and (v) trading of at least 250,000 shares per month for each of the preceding six months. The 300 largest companies by market capitalization are then removed from the list of eligible companies, as of the annual Index screening date.
Securities are weighted in the Index based on dividends paid over the prior annual cycle. 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 the number of common shares outstanding for that company (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. On the Index’s annual screening date, the maximum weight of any single security in the Index is capped at 2%, and the Index caps the weight of constituents exposed to a single sector (except for the real estate sector) at 25%. The weight of constituents exposed to the real estate sector is capped at 15%. The Index also may adjust the weight of individual constituents on the annual screening date based on certain quantitative thresholds or limits tied to key metrics of a constituent security, such as its trading volume. To the extent the Index reduces an individual constituent’s weight, the excess weight will be reallocated on a pro rata basis among the other constituents. Similarly, if the Index increases a constituent’s weight, the weight of the other constituents will be reduced on a pro rata basis to contribute the weight needed for such increase. The Index weight of a sector or individual constituent may fluctuate above or below specified caps and thresholds, respectively, between screening dates in response to market conditions.
WisdomTree 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 identify the extent of the Index’s exposure to a sector or industry. A GICS sector typically is comprised of multiple industries. Because the Fund seeks to track the Index it is expected to have the same sector and industry exposure as the Index. While the Index’s and the Fund’s sector exposure may vary from time to time, as of June 30, 2024, the Index had significant exposure (e.g., approximately 15% or more of the Index’s total weight) to the Industrials, Consumer Discretionary, Information Technology and Materials Sectors.
To the extent the Index’s constituents are concentrated (i.e., holds more than 25% of constituents) in the securities of companies assigned to a particular industry or group of industries, the Fund will seek to concentrate its investments in such industry or group of industries to approximately the same extent as the Index.
The Index “hedges” against, or seeks to minimize the impact of, fluctuations in the relative value of the Japanese yen and the U.S. dollar. The Index is designed to have higher returns than an equivalent un-hedged investment in Japanese small-capitalization equity securities when the U.S. dollar is going up in value relative to the Japanese yen. Conversely, the Index is designed to have lower returns than an equivalent un-hedged investment in Japanese small-capitalization equity securities when the U.S. dollar is falling in value relative to the Japanese yen. To hedge its currency exposure to the Japanese yen, the Index applies a published one-month forward rate of the Japanese yen in U.S. dollars to the Index’s total equity exposure.
Currency forward contracts and/or currency futures contracts are used to hedge the Fund’s exposure to the Japanese yen. The contract value of currency forward contracts and currency futures contracts in the Fund is based on the aggregate exposure of the Fund and Index to the Japanese yen. While this approach is designed to minimize the impact of currency fluctuations on Fund returns, it does not necessarily eliminate the Fund’s exposure to all currency fluctuations. The return of the currency forward contracts and currency futures contracts held by the Fund may not fully hedge or completely offset the Fund’s exposure to the Japanese yen or fluctuations in its value relative to that of the U.S. dollar.
Period | DXJS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.8% | -2.1% | 24.0% | 23.68% |
1 Yr | 17.2% | 4.6% | 25.0% | 23.68% |
3 Yr | 17.4%* | -13.6% | 22.8% | 5.41% |
5 Yr | 12.9%* | -5.2% | 18.2% | 15.15% |
10 Yr | 11.3%* | 0.4% | 11.5% | 8.33% |
* Annualized
Period | DXJS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 34.8% | 0.0% | 36.8% | 5.26% |
2022 | 2.2% | -34.0% | 2.8% | 5.41% |
2021 | 8.4% | -15.7% | 14.9% | 14.71% |
2020 | -6.2% | -6.2% | 31.2% | 100.00% |
2019 | 15.6% | 4.7% | 24.4% | 81.25% |
Period | DXJS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.8% | -2.1% | 24.0% | 23.68% |
1 Yr | 17.2% | 4.6% | 25.0% | 23.68% |
3 Yr | 17.4%* | -13.6% | 22.8% | 5.41% |
5 Yr | 12.9%* | -5.2% | 18.2% | 15.15% |
10 Yr | 11.3%* | 0.4% | 11.5% | 8.33% |
* Annualized
Period | DXJS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 38.9% | 2.0% | 42.0% | 5.26% |
2022 | 5.0% | -32.8% | 5.9% | 5.41% |
2021 | 11.6% | -15.1% | 18.0% | 14.71% |
2020 | -3.2% | -3.2% | 34.7% | 100.00% |
2019 | 18.3% | 7.7% | 26.7% | 84.38% |
DXJS | Category Low | Category High | DXJS % Rank | |
---|---|---|---|---|
Net Assets | 58.4 M | 6.39 M | 16.7 B | 89.47% |
Number of Holdings | 730 | 27 | 1791 | 10.53% |
Net Assets in Top 10 | 9.48 M | 2.5 M | 4.17 B | 92.11% |
Weighting of Top 10 | 12.41% | 3.5% | 141.4% | 92.11% |
Weighting | Return Low | Return High | DXJS % Rank | |
---|---|---|---|---|
Stocks | 96.93% | 94.34% | 102.16% | 84.21% |
Cash | 6.69% | 0.02% | 38.84% | 7.89% |
Other | 2.64% | -2.22% | 2.68% | 5.26% |
Preferred Stocks | 0.00% | 0.00% | 0.67% | 92.11% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 92.11% |
Bonds | 0.00% | 0.00% | 3.97% | 94.74% |
DXJS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.58% | 0.09% | 3.46% | 68.42% |
Management Fee | 0.58% | 0.09% | 0.90% | 42.11% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.15% | 0.20% | N/A |
DXJS 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% | 1.00% | N/A |
DXJS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
DXJS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 41.00% | 2.95% | 70.30% | 90.91% |
DXJS | Category Low | Category High | DXJS % Rank | |
---|---|---|---|---|
Dividend Yield | 0.18% | 0.00% | 21.26% | 55.26% |
DXJS | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
DXJS | Category Low | Category High | DXJS % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.26% | -0.63% | 2.45% | 13.16% |
DXJS | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 25, 2024 | $0.015 | OrdinaryDividend |
Jun 25, 2024 | $0.099 | OrdinaryDividend |
Mar 22, 2024 | $0.250 | OrdinaryDividend |
Dec 22, 2023 | $0.340 | OrdinaryDividend |
Jun 26, 2023 | $0.223 | OrdinaryDividend |
Mar 27, 2023 | $0.245 | OrdinaryDividend |
Dec 23, 2022 | $0.281 | OrdinaryDividend |
Jun 24, 2022 | $0.303 | OrdinaryDividend |
Dec 27, 2021 | $0.399 | OrdinaryDividend |
Sep 24, 2021 | $0.005 | OrdinaryDividend |
Jun 24, 2021 | $0.237 | OrdinaryDividend |
Dec 21, 2020 | $0.272 | OrdinaryDividend |
Jun 23, 2020 | $0.335 | OrdinaryDividend |
Dec 23, 2019 | $0.239 | OrdinaryDividend |
Sep 24, 2019 | $0.005 | OrdinaryDividend |
Jun 24, 2019 | $0.217 | OrdinaryDividend |
Jun 25, 2018 | $0.379 | OrdinaryDividend |
Dec 26, 2017 | $0.080 | OrdinaryDividend |
Sep 26, 2017 | $0.001 | OrdinaryDividend |
Jun 26, 2017 | $0.270 | OrdinaryDividend |
Mar 27, 2017 | $0.003 | OrdinaryDividend |
Dec 23, 2016 | $0.101 | OrdinaryDividend |
Sep 26, 2016 | $0.003 | OrdinaryDividend |
Jun 20, 2016 | $0.198 | OrdinaryDividend |
Dec 21, 2015 | $0.109 | OrdinaryDividend |
Dec 21, 2015 | $0.142 | CapitalGainShortTerm |
Dec 21, 2015 | $0.299 | CapitalGainLongTerm |
Jun 22, 2015 | $0.064 | OrdinaryDividend |
Dec 19, 2014 | $0.084 | OrdinaryDividend |
Dec 19, 2014 | $0.305 | CapitalGainShortTerm |
Dec 19, 2014 | $0.808 | CapitalGainLongTerm |
Jun 23, 2014 | $0.119 | OrdinaryDividend |
Dec 24, 2013 | $0.032 | OrdinaryDividend |
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.
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 |
---|---|---|---|
0.08 | 24.43 | 7.11 | 8.25 |
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