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DYB

WisdomTree Dynamic Bearish U.S. Equity Fund

The WisdomTree Dynamic Bearish U.S. Equity Fund seeks to track long equity positions or long U.S. Treasury positions and short equity positions. The Long Equity positions consist of approximately 100 U.S. large- and mid-capitalization stocks that meet eligibility requirements and have the best combined score based on fundamental growth and value signals. Stocks are weighted according to their volatility characteristics. The Short Equity positions include the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge. Learn more about the index that DYB is designed to track.

Why DYB?

  • Uses a systematic approach to gain access to an institutional-caliber alternative investment strategy in the ETF structure with no K-1 filing.
  • Gain access to a strategy that allows for a short or market neutral position when market environment is judged to be poor or mixed
  • When market environment is deemed more attractive, there is a net long equity position
  • Use as vehicle to express bearish view on the market over longer time horizon
DYB INFORMATION AND RESEARCH

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Fund Overview

As of 05/26/2017
Profile
As of 05/26/2017
Expense Ratio
Net Expense Ratio, amount charged to shareholder1 0.48%
Gross Expense Ratio 0.53%
CUSIP 97717X297
Total Assets (000) $5,057.25
Shares Outstanding 200,004
Distribution Yield 0.00 %
SEC 30-day Yield (Subsidized)2 1.59 %
SEC 30-day Yield (Unsubsidized) 1.54 %
Options Available* No
Inception Date 12/23/2015

Yields are historical, will fluctuate and are not guaranteed.

*Options are not suitable for all investors.

Trading Information
Lead Market Marker RBC
NAV Symbol DYB.NV
IOPV Symbol DYB.IV
Shares Out. Symbol DYB.SO

1The Net Expense Ratio reflects a contractual waiver of 0.05% through October 31, 2017

 

2The subsidized SEC 30-day yield reflects fee waivers in effect. Without waivers, yield would be reduced.

Net Asset Value

Net Asset Value
As of 05/26/2017
NAV $25.29
Change ($0.01)
Change % -0.04%
Price
As of 05/26/2017 Quotes Delayed ~ 15 mins
Price $25.27
Change ($0.00)
Change % 0.00%
Volume 214

Total Returns

Month End Performance
(04/30/2017)
NAV Returns Market Price Returns
Cumulative
1 Month 0.16% 0.32%
3 Month 1.44% 1.52%
Since Inception* 4.31% 4.31%
Average Annual
1 Year 3.62% 3.58%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 3.16% 3.16%
Quarter End Performance
(03/31/2017)
NAV Returns Market Price Returns
Cumulative
Since Inception* 4.14% 3.98%
Average Annual
1 Year 4.14% 3.93%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 3.24% 3.11%


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

Month End Performance
(04/30/2017)
After Tax Held After Tax Sold
Cumulative
1 Month 0.16% 0.09%
3 Month 1.44% 0.82%
Since Inception* 4.24% 3.25%
Average Annual
1 Year 3.56% 2.05%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 3.11% 2.39%
Quarter End Performance
(03/31/2017)
After Tax Held After Tax Sold
Cumulative
Since Inception* 4.24% 3.25%
Average Annual
1 Year 3.56% 2.05%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 3.11% 2.39%


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.

 

Asset Classification

Asset Group
As of 05/26/2017
Asset Group Weight
Securities 100.00 %
Telecommunication Services 2.45 %
Utilities 2.74 %
Consumer Discretionary 15.66 %
Consumer Staples 8.73 %
Energy 4.17 %
Financials 8.04 %
Health Care 11.92 %
Industrials 9.59 %
Information Technology 25.92 %
Materials 2.06 %
Real Estate 8.71 %

Top Holdings

As of 01/01/0001
*Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date 12/23/2016
Record Date 12/28/2016
Payable Date 12/30/2016
Ordinary Income $0.00000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.00000
Ex-Dividend Date 09/26/2016
Record Date 09/28/2016
Payable Date 09/30/2016
Ordinary Income $0.00000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.00000
Ex-Dividend Date 06/20/2016
Record Date 06/22/2016
Payable Date 06/24/2016
Ordinary Income $0.00000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.03500
Total Distribution $0.03500
Ex-Dividend Date 03/21/2016
Record Date 03/23/2016
Payable Date 03/28/2016
Ordinary Income $0.00000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.00000

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. The Fund invests in derivatives, including as a substitute to gain short exposure to equity securities. 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 to offset its exposure to market volatility may not perform as intended. The Fund may engage in “short sale” transactions and will lose value if the security or instrument that is the subject of a short sale increases in value. A Fund that has exposure to one or more sectors may increase the Fund’s vulnerability to any single economic or regulatory development. This may result in greater share price volatility. The composition of the Index 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.

  • Weighted Average Coupon - The mean of the coupon rate of the underlying bonds in a portfolio.
  • 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."
  • IOPV – IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.

WisdomTree Funds are distributed by Foreside Fund Services, LLC in the U.S. only.

Neither WisdomTree Investments, 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.