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 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
10.7%
1 yr return
19.7%
3 Yr Avg Return
11.4%
5 Yr Avg Return
10.2%
Net Assets
$1.69 B
Holdings in Top 10
43.0%
Expense Ratio 0.58%
Front Load N/A
Deferred Load N/A
Turnover 34.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 04/24/2024Price
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 95% 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 European equity securities, particularly shares of European exporters, while at the same time neutralizing exposure to fluctuations between the value of the U.S. dollar and the euro. Shares of European exporters stand to benefit from weakness in the value of the euro as this decreases the relative cost of the goods and services they are exporting. The Index consists of those dividend-paying companies within the WisdomTree International Equity Index, which defines the dividend-paying universe of companies in the industrialized world, excluding Canada and the United States, that are organized and domiciled under the laws of a European country, trade in euros, have at least $1 billion in market capitalization, and derive at least 50% of their revenue from countries outside of Europe. Countries historically represented in the Index include: Germany, France, the Netherlands, Spain, Belgium, Finland, Italy, Portugal, Austria and Ireland. To be eligible for inclusion in the Index, a company must meet the following criteria as of the annual Index screening date: (i) payment of at least $5 million in cash dividends on shares of common stock during the preceding annual cycle; (ii) median daily dollar trading volume of at least $100,000 for the preceding three months; and (iii) 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. 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 5%, and the Index caps the weight of components exposed to a single sector (except for the real estate sector) at 25%. The weight of components exposed to the real estate sector is capped at 15%. 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 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 consumer discretionary and consumer staples 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 France, Germany and the Netherlands 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.
The Index “hedges” against fluctuations in the relative value of the euro against the U.S. dollar. The Index is designed to have higher returns than an equivalent un-hedged investment when the U.S. dollar is going up in value relative to the euro. Conversely, the Index is designed to have lower returns than an equivalent un-hedged investment when the U.S. dollar is falling in value relative to the euro. The Index applies an applicable published one-month currency forward rate to the total equity exposure of each country in the Index to hedge against fluctuations in the relative value of the euro against the U.S. dollar. If a country that had previously adopted the euro as its official currency were to revert back to its local currency, the country would remain in the Index and the Index would be hedged in such local currency as soon as practicable after forward rates become available for such currency.
Forward currency contracts or futures contracts are used to offset the Fund’s exposure to the euro. The amount of forward contracts and futures contracts in the Fund is based on the aggregate exposure of the Fund and Index to the euro. While this approach is designed to minimize the impact of currency fluctuations on Fund returns, it does not necessarily eliminate exposure to all currency fluctuations. The return of the forward currency contracts and currency futures contracts may not perfectly offset the actual fluctuations of the euro relative to the U.S. dollar.
Period | HEDJ Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.7% | -6.3% | 10.7% | 1.15% |
1 Yr | 19.7% | 1.3% | 19.7% | 1.15% |
3 Yr | 11.4%* | -8.4% | 11.4% | 1.16% |
5 Yr | 10.2%* | 1.3% | 11.9% | 10.71% |
10 Yr | 9.0%* | 1.4% | 9.0% | 1.92% |
* Annualized
Period | HEDJ Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.5% | 2.0% | 24.1% | 8.05% |
2022 | -12.7% | -45.1% | -3.8% | 12.79% |
2021 | 20.9% | -8.7% | 23.4% | 10.59% |
2020 | -6.1% | -19.4% | 44.5% | 88.10% |
2019 | 25.1% | 7.4% | 44.8% | 18.07% |
Period | HEDJ Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.7% | -6.3% | 10.7% | 1.15% |
1 Yr | 19.7% | 1.3% | 19.7% | 1.15% |
3 Yr | 11.4%* | -8.4% | 11.4% | 1.16% |
5 Yr | 10.2%* | 1.3% | 11.9% | 10.71% |
10 Yr | 9.0%* | 1.4% | 9.0% | 1.92% |
* Annualized
Period | HEDJ Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 26.9% | 3.7% | 27.2% | 2.30% |
2022 | -10.1% | -45.1% | -0.6% | 12.79% |
2021 | 23.5% | -1.2% | 24.7% | 7.06% |
2020 | -3.4% | -19.4% | 55.6% | 89.29% |
2019 | 27.5% | 13.5% | 46.3% | 19.28% |
HEDJ | Category Low | Category High | HEDJ % Rank | |
---|---|---|---|---|
Net Assets | 1.69 B | 5.07 M | 24.7 B | 12.50% |
Number of Holdings | 154 | 18 | 1818 | 27.59% |
Net Assets in Top 10 | 629 M | 1.16 M | 4.83 B | 12.64% |
Weighting of Top 10 | 43.02% | 7.7% | 113.1% | 17.24% |
Weighting | Return Low | Return High | HEDJ % Rank | |
---|---|---|---|---|
Stocks | 100.44% | 0.00% | 108.46% | 4.60% |
Cash | 1.39% | 0.20% | 35.91% | 54.02% |
Preferred Stocks | 0.00% | 0.00% | 3.48% | 98.85% |
Convertible Bonds | 0.00% | 0.00% | 0.81% | 96.55% |
Bonds | 0.00% | 0.00% | 82.95% | 96.55% |
Other | -1.06% | -12.19% | 8.97% | 94.25% |
HEDJ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.58% | 0.07% | 3.85% | 78.16% |
Management Fee | 0.58% | 0.06% | 1.19% | 29.55% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.25% | N/A |
HEDJ 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 |
HEDJ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
HEDJ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 34.00% | 1.68% | 184.00% | 59.09% |
HEDJ | Category Low | Category High | HEDJ % Rank | |
---|---|---|---|---|
Dividend Yield | 1.14% | 0.00% | 7.02% | 28.41% |
HEDJ | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annual |
HEDJ | Category Low | Category High | HEDJ % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.79% | -1.72% | 4.06% | 39.08% |
HEDJ | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.135 | OrdinaryDividend |
Sep 28, 2023 | $0.075 | OrdinaryDividend |
Jun 29, 2023 | $1.208 | OrdinaryDividend |
Dec 29, 2022 | $0.204 | OrdinaryDividend |
Sep 29, 2022 | $0.165 | OrdinaryDividend |
Jun 29, 2022 | $1.525 | OrdinaryDividend |
Mar 30, 2022 | $0.085 | OrdinaryDividend |
Dec 30, 2021 | $0.447 | OrdinaryDividend |
Sep 29, 2021 | $0.135 | OrdinaryDividend |
Jun 29, 2021 | $1.005 | OrdinaryDividend |
Mar 30, 2021 | $0.080 | OrdinaryDividend |
Dec 24, 2020 | $0.371 | OrdinaryDividend |
Sep 25, 2020 | $0.655 | OrdinaryDividend |
Jun 26, 2020 | $0.630 | OrdinaryDividend |
Mar 27, 2020 | $0.101 | OrdinaryDividend |
Dec 27, 2019 | $0.132 | OrdinaryDividend |
Sep 27, 2019 | $0.085 | OrdinaryDividend |
Jun 28, 2019 | $1.065 | OrdinaryDividend |
Jun 28, 2018 | $1.458 | OrdinaryDividend |
Mar 23, 2018 | $0.082 | OrdinaryDividend |
Dec 29, 2017 | $0.186 | OrdinaryDividend |
Sep 29, 2017 | $0.020 | OrdinaryDividend |
Jun 30, 2017 | $1.150 | OrdinaryDividend |
Mar 31, 2017 | $0.090 | OrdinaryDividend |
Dec 30, 2016 | $0.217 | OrdinaryDividend |
Sep 30, 2016 | $0.160 | OrdinaryDividend |
Jun 24, 2016 | $1.060 | OrdinaryDividend |
Mar 28, 2016 | $0.133 | OrdinaryDividend |
Sep 25, 2015 | $0.042 | OrdinaryDividend |
Jun 26, 2015 | $0.969 | OrdinaryDividend |
Mar 27, 2015 | $0.063 | OrdinaryDividend |
Sep 26, 2014 | $0.080 | OrdinaryDividend |
Jun 27, 2014 | $0.682 | OrdinaryDividend |
Mar 28, 2014 | $0.095 | OrdinaryDividend |
Dec 31, 2013 | $0.119 | OrdinaryDividend |
Sep 27, 2013 | $0.179 | OrdinaryDividend |
Jun 28, 2013 | $0.729 | OrdinaryDividend |
Mar 28, 2013 | $0.012 | OrdinaryDividend |
Sep 28, 2012 | $0.193 | OrdinaryDividend |
Jun 29, 2012 | $0.716 | OrdinaryDividend |
Mar 30, 2012 | $0.171 | OrdinaryDividend |
Dec 28, 2011 | $0.259 | OrdinaryDividend |
Sep 30, 2011 | $0.082 | OrdinaryDividend |
Jun 28, 2011 | $1.057 | OrdinaryDividend |
Dec 29, 2010 | $0.116 | OrdinaryDividend |
Sep 24, 2010 | $0.214 | OrdinaryDividend |
Jul 02, 2010 | $1.195 | OrdinaryDividend |
Apr 05, 2010 | $0.129 | 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. 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%
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%
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 |
---|---|---|---|
0.09 | 24.59 | 7.25 | 0.64 |
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...