DDLS
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund seeks to track the performance of the small-capitalization segment of dividend-paying companies in the industrialized world outside of the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. Learn more about the Index that DDLS is designed to track.
Why DDLS?
- Gain exposure to small cap dividend paying companies in the developed international world, while dynamically hedging currency exposure
- A rules-based process that uses a combination of momentum, value and interest rate factors to help determine the currency hedge ratio
- Use to complement or replace international developed small cap active and passive strategies
Fund Overview
| Profile |
As of 04/24/2024
|
|---|---|
| Expense Ratio | 0.48% |
| CUSIP | 97717X271 |
| Total Assets (000) | $267,280.93 |
| Shares Outstanding | 7,900,000 |
| Distribution Yield | 2.84% |
| SEC 30-day Yield | 3.80% |
| Options Available* | No |
| Inception Date | 01/07/2016 |
| Trading Information |
As of 04/24/2024
|
|---|---|
| 30-Day Average Daily Volume | 23,438 |
| Implied LiquidityTM (Shares) | 719,792 |
| Implied Liquidity (000) | $24,352.78 |
| Lead Market Maker | Jane Street |
| Related index Symbol | WTISDIHD |
| NAV Symbol | DDLS.NV |
| Shares Out. Symbol | DDLS.SO |
Market Capitalization
|
As of 04/24/2024
|
|
|---|---|
| Total Market Capitalization ($ Trillion) | 1.05 |
| Fund MarketCap Breakdown | |
| Large Cap (> $10 Billion) | 0.00% |
| Mid Cap (≥ $2 Billion and ≤ $10 Billion) | 27.75% |
| Small Cap (< $2 Billion) | 72.25% |
Portfolio Characteristics
|
As of 04/24/2024
|
|
|---|---|
| Dividend Yield | 4.88 |
| Price/Earnings | 11.94 |
| Estimated Price/Earnings | 11.68 |
| Price/Book | 1.27 |
| Price/Sales | 0.65 |
| Price/Cash Flow | 7.59 |
| Gross Buyback Yield | 1.01 |
| Net Buyback Yield | 0.31 |
Total Returns
| Total Returns | |||
|---|---|---|---|
|
Month End Performance (03/31/2024) |
Underlying Index Returns | NAV Returns | Market Price Returns |
| Cumulative | |||
| 1 Month | 4.35% | 3.91% | 4.19% |
| 3 Month | 4.69% | 4.13% | 4.54% |
| YTD | 4.69% | 4.13% | 4.54% |
| Since Inception* | 92.54% | 86.01% | 88.04% |
| Average Annual | |||
| 1 Year | 14.03% | 13.32% | 13.07% |
| 3 Year | 5.73% | 5.30% | 5.26% |
| 5 Year | 7.49% | 7.06% | 7.00% |
| 10 Year | N/A | N/A | N/A |
| Since Inception* | 8.28% | 7.83% | 7.97% |
| Total Returns | |||
|---|---|---|---|
|
Quarter End Performance (03/31/2024) |
Underlying Index Returns | NAV Returns | Market Price Returns |
| Cumulative | |||
| Since Inception* | 92.54% | 86.01% | 88.04% |
| Average Annual | |||
| 1 Year | 14.03% | 13.32% | 13.07% |
| 3 Year | 5.73% | 5.30% | 5.26% |
| 5 Year | 7.49% | 7.06% | 7.00% |
| 10 Year | N/A | N/A | N/A |
| Since Inception* | 8.28% | 7.83% | 7.97% |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.
WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.
After Tax Returns
| After Tax Returns | ||
|---|---|---|
| Month End Performance (03/31/2024) |
After Tax Held | After Tax Sold |
| Cumulative | ||
| 1 Month | 3.61% | 2.31% |
| 3 Month | 3.83% | 2.44% |
| Since Inception* | 75.47% | 64.77% |
| Average Annual | ||
| 1 Year | 12.11% | 8.36% |
| 3 Year | 4.19% | 3.98% |
| 5 Year | 6.02% | 5.40% |
| 10 Year | N/A | N/A |
| Since Inception* | 7.07% | 6.25% |
| After Tax Returns | ||
|---|---|---|
| Quarter End Performance (03/31/2024) |
After Tax Held | After Tax Sold |
| Cumulative | ||
| Since Inception* | 75.47% | 64.77% |
| Average Annual | ||
| 1 Year | 12.11% | 8.36% |
| 3 Year | 4.19% | 3.98% |
| 5 Year | 6.02% | 5.40% |
| 10 Year | N/A | N/A |
| Since Inception* | 7.07% | 6.25% |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.
WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.
After-Tax Held Returns represent return on Fund shares after taxes on distributions and assumes Fund shares have not been sold. After-Tax Sold Returns represent returns on Fund shares after taxes on distributions and the sale of the Fund shares.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's individual tax rates and may differ from those shown.
In some cases the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of fund shares at the end of the measurement period.
Country Allocation
| Country Allocation | |
|---|---|
| Country | Weight |
| 1. Japan | 27.75% |
| 2. United Kingdom | 18.99% |
| 3. Australia | 11.83% |
| 4. Sweden | 5.96% |
| 5. Italy | 5.93% |
| 6. France | 4.22% |
| 7. Israel | 4.13% |
| 8. Norway | 4.07% |
| 9. Singapore | 3.15% |
| 10. Germany | 2.49% |
| 11. Netherlands | 1.59% |
| 12. Denmark | 1.51% |
| 13. Switzerland | 1.51% |
| 14. Portugal | 1.43% |
| 15. Belgium | 1.39% |
| 16. Finland | 1.28% |
| 17. Spain | 1.15% |
| 18. Austria | 0.73% |
| 19. Hong Kong | 0.49% |
| 20. Ireland | 0.41% |
Premium/Discount
i
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.
The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated. IMPORTANT NOTE: The horizontal bar for ≥ 0.0 up to 0.5 includes the days that the Fund’s market price matched its NAV (that is, there was no premium or discount so the "premium/discount" percentage equaled zero.)
The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated. IMPORTANT NOTE: The horizontal bar for ≥ 0.0 up to 0.5 includes the days that the Fund’s market price matched its NAV (that is, there was no premium or discount so the "premium/discount" percentage equaled zero.)
Holdings
Hedge Ratio
| Hedge Ratio | |
|---|---|
|
As of 04/24/2024
|
|
| Aggregate Hedge Ratio | 76.68% |
Sector Breakdown
Recent Distributions
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Important Risk Information
This information must be preceded or accompanied by a prospectus, click here to view or download prospectus. We advise you to consider the fund's objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the fund. Please read the prospectus carefully before you invest.
There are risks associated with investing, including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. The Fund invests in derivatives in seeking to obtain a dynamic currency hedge exposure. Derivative investments can be volatile, and these investments may be less liquid than other securities, and more sensitive to the effects of varied economic conditions. Derivatives used by the Fund may not perform as intended. A Fund that has exposure to one or more sectors may be more vulnerable to any single economic or regulatory development. This may result in greater share price volatility. The composition of the Index underlying the Fund is heavily dependent on quantitative models and data from one or more third parties, and the Index may not perform as intended. The Fund invests in the securities included in, or representative of, its Index regardless of their investment merit, and the Fund does not attempt to outperform its Index or take defensive positions in declining markets. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Dividends are not guaranteed and a company’s future ability to pay dividends may be limited. A company currently paying dividends may cease paying dividends at any time.
Hedging can help returns when a foreign currency depreciates against the U.S. dollar, but can hurt when the foreign currency appreciates against the U.S. dollar.
- Fund Distribution Yield - Fund Distribution Yield is calculated by annualizing the most recent Fund distribution and dividing by the current Fund NAV. The yield represents a single distribution from the Fund and does not represent the total returns of the Fund.
- SEC 30-day Yield – The yield figure reflects the dividends and interest earned during the period, after the deduction of the fund's expenses. This is also referred to as the "standardized yield"
- Cost to hedge - Calculated by assessing the interest rate differential between short-term rates in the U.S. and the respective foreign currency. This cost is included into the performance of the fund and is not a separate fee.
- Embedded Income Yield - represents the trailing 12-month dividend yield minus the cost of hedge. This represents the dividend yield adjusted for the cost of hedge and assumed for no change in foreign exchange rates.
WisdomTree Funds are distributed by Foreside Fund Services, LLC in the U.S. only.
Neither WisdomTree, Inc., nor its affiliates, nor Foreside Fund Services, LLC, or its affiliates provide tax advice. All references to tax matters or information provided on this site are for illustrative purposes only and should not be considered tax advice and cannot be used for the purpose of avoiding tax penalties. Investors seeking tax advice should consult an independent tax advisor.
