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 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
24.1%
1 yr return
64.3%
3 Yr Avg Return
24.4%
5 Yr Avg Return
20.1%
Net Assets
$4.42 B
Holdings in Top 10
38.0%
Expense Ratio 0.48%
Front Load N/A
Deferred Load N/A
Turnover 22.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 03/27/2024Price
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 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 Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese yen relative to the U.S. dollar. The Index consists of dividend-paying companies incorporated in Japan and traded on the Tokyo Stock Exchange that derive less than 80% of their revenue from sources in Japan. By excluding companies that derive 80% or more of their revenue from Japan, the Index is tilted towards companies with a more significant global revenue base. The companies included in the Index typically have greater exposure to the value of global currencies and, in many cases, their business prospects historically have improved when the value of the yen has declined and have weakened when the value of the yen has increased. 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 common shares during the preceding annual cycle; (ii) market capitalization of at least $100 million; (iii) median daily dollar trading volume of at least $100,000 for the preceding three months; and (iv) 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 industrials and consumer discretionary 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.
The Index “hedges” against fluctuations in the relative value of the Japanese yen against the U.S. dollar. The Index is designed to have higher returns than an equivalent un-hedged investment when the yen is weakening relative to the U.S. dollar. Conversely, the Index is designed to have lower returns than an equivalent unhedged investment when the yen is rising relative to the U.S. dollar. The Index applies an applicable published one-month currency forward rate to the total equity exposure to Japan to hedge against fluctuations in the relative value of the Japanese yen against the U.S. dollar.
Forward currency contracts or futures contracts are used to offset the Fund’s exposure to the Japanese yen. The amount of forward contracts and 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 the yen. The return of the forward currency contracts and currency futures contracts may not perfectly offset the actual fluctuations between the yen and the U.S. dollar.
Period | DXJ Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 24.1% | 3.1% | 24.1% | 2.63% |
1 Yr | 64.3% | 6.5% | 64.3% | 2.63% |
3 Yr | 24.4%* | -10.9% | 24.4% | 2.86% |
5 Yr | 20.1%* | -1.4% | 20.1% | 3.03% |
10 Yr | 13.0%* | 2.4% | 13.0% | 4.17% |
* Annualized
Period | DXJ Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 36.8% | 0.0% | 36.8% | 2.63% |
2022 | 2.8% | -34.0% | 2.8% | 2.70% |
2021 | 14.9% | -15.7% | 14.9% | 2.94% |
2020 | 1.2% | -6.2% | 31.2% | 90.91% |
2019 | 15.9% | 4.7% | 24.4% | 78.13% |
Period | DXJ Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 24.1% | 3.1% | 24.1% | 2.63% |
1 Yr | 64.3% | 6.5% | 64.3% | 2.63% |
3 Yr | 24.4%* | -10.9% | 24.4% | 2.86% |
5 Yr | 20.1%* | -1.4% | 20.1% | 3.03% |
10 Yr | 13.0%* | 2.4% | 13.0% | 4.17% |
* Annualized
Period | DXJ Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 42.0% | 2.0% | 42.0% | 2.63% |
2022 | 5.9% | -32.8% | 5.9% | 2.70% |
2021 | 18.0% | -15.1% | 18.0% | 2.94% |
2020 | 4.0% | -3.2% | 34.7% | 84.85% |
2019 | 18.9% | 7.7% | 26.7% | 71.88% |
DXJ | Category Low | Category High | DXJ % Rank | |
---|---|---|---|---|
Net Assets | 4.42 B | 5.94 M | 16.4 B | 7.89% |
Number of Holdings | 464 | 27 | 1791 | 18.42% |
Net Assets in Top 10 | 1.1 B | 1.94 M | 3.21 B | 7.89% |
Weighting of Top 10 | 38.04% | 3.5% | 101.6% | 23.68% |
Weighting | Return Low | Return High | DXJ % Rank | |
---|---|---|---|---|
Stocks | 104.16% | 94.27% | 104.16% | 2.63% |
Cash | 8.41% | 0.02% | 8.41% | 2.63% |
Preferred Stocks | 0.00% | 0.00% | 0.95% | 28.95% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 21.05% |
Bonds | 0.00% | 0.00% | 0.05% | 23.68% |
Other | -4.62% | -5.55% | 0.02% | 94.74% |
DXJ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.48% | 0.09% | 3.46% | 81.58% |
Management Fee | 0.48% | 0.09% | 0.90% | 26.32% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.15% | 0.20% | N/A |
DXJ 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 |
DXJ 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.
DXJ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.00% | 2.95% | 70.30% | 45.45% |
DXJ | Category Low | Category High | DXJ % Rank | |
---|---|---|---|---|
Dividend Yield | 5.92% | 0.00% | 21.23% | 42.11% |
DXJ | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
DXJ | Category Low | Category High | DXJ % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.45% | -0.63% | 2.45% | 2.63% |
DXJ | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Mar 27, 2024 | $0.305 | OrdinaryDividend |
Dec 28, 2023 | $1.610 | OrdinaryDividend |
Sep 28, 2023 | $0.012 | OrdinaryDividend |
Jun 29, 2023 | $0.782 | OrdinaryDividend |
Mar 30, 2023 | $0.625 | OrdinaryDividend |
Dec 29, 2022 | $1.065 | OrdinaryDividend |
Sep 29, 2022 | $0.130 | OrdinaryDividend |
Jun 29, 2022 | $0.750 | OrdinaryDividend |
Dec 30, 2021 | $1.110 | OrdinaryDividend |
Sep 29, 2021 | $0.065 | OrdinaryDividend |
Jun 29, 2021 | $0.474 | OrdinaryDividend |
Dec 24, 2020 | $0.792 | OrdinaryDividend |
Jun 26, 2020 | $0.586 | OrdinaryDividend |
Dec 27, 2019 | $0.664 | OrdinaryDividend |
Sep 27, 2019 | $0.065 | OrdinaryDividend |
Jun 28, 2019 | $0.578 | OrdinaryDividend |
Mar 29, 2019 | $0.020 | OrdinaryDividend |
Dec 28, 2018 | $0.262 | OrdinaryDividend |
Jun 28, 2018 | $1.092 | OrdinaryDividend |
Dec 29, 2017 | $0.492 | OrdinaryDividend |
Sep 29, 2017 | $0.045 | OrdinaryDividend |
Jun 30, 2017 | $0.830 | OrdinaryDividend |
Dec 30, 2016 | $0.496 | OrdinaryDividend |
Sep 30, 2016 | $0.050 | OrdinaryDividend |
Jun 24, 2016 | $0.435 | OrdinaryDividend |
Sep 25, 2015 | $0.036 | OrdinaryDividend |
Jun 26, 2015 | $0.324 | OrdinaryDividend |
Jun 27, 2014 | $0.546 | OrdinaryDividend |
Jun 28, 2013 | $0.247 | OrdinaryDividend |
Dec 31, 2012 | $0.233 | OrdinaryDividend |
Sep 28, 2012 | $0.004 | OrdinaryDividend |
Jun 29, 2012 | $0.316 | OrdinaryDividend |
Dec 28, 2011 | $0.270 | OrdinaryDividend |
Jun 28, 2011 | $0.476 | OrdinaryDividend |
Dec 29, 2010 | $0.264 | OrdinaryDividend |
Jul 02, 2010 | $0.185 | OrdinaryDividend |
Dec 28, 2009 | $0.183 | OrdinaryDividend |
Jun 26, 2009 | $0.338 | OrdinaryDividend |
Dec 26, 2008 | $0.800 | OrdinaryDividend |
Dec 21, 2007 | $0.479 | OrdinaryDividend |
Dec 28, 2006 | $0.209 | 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. 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%
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%
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 |
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
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