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DYLS

WisdomTree Dynamic Long/Short U.S. Equity Fund

The WisdomTree Dynamic Long/Short U.S. Equity Fund seeks to track long and short equity positions. The Long Equity positions include 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 DYLS is designed to track.

 

Why DYLS?


  • Uses a systematic approach to gain access to an institutional-caliber alternative investment strategy in the ETF structure with no K-1 filing.
  • Use to add diversification to U.S. Equity exposures by combining growth and value scores, while simultaneously hedging market risk in both rising and falling markets and managing volatility.
  • Long biased portfolio allows one to capture equity performance over the long run while mitigating market risk during bear markets.

Fund Overview

As of 12/17/2018
Profile
As of 12/17/2018
Expense Ratio
Net Expense Ratio, amount charged to shareholder1 0.48%
Gross Expense Ratio 0.53%
CUSIP 97717X313
Total Assets (000) $159,341.29
Shares Outstanding 5,250,000
Distribution Yield 1.06 %
SEC 30-day Yield (Subsidized)2 1.63 %
SEC 30-day Yield (Unsubsidized) 1.58 %
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 DYLS.NV
IOPV Symbol DYLS.IV
Shares Out. Symbol DYLS.SO

1The Net Expense Ratio reflects a contractual waiver of 0.05% through October 31, 2019.

 

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 12/17/2018
NAV $30.35
Change -$0.62
Change % -1.99%
Mid Bid/Ask $30.35
Premium/Discount to NAV -0.02%
As of 12/17/2018 Quotes Delayed ~ 15 mins
Price $30.34
Change N/A
Change % 0.00%
Volume 0

Performance 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.

Results are not indicative of future performance.

Total Returns

Total Returns
Month End Performance
(11/30/2018)
NAV Returns Market Price Returns
Cumulative
1 Month 1.16% 1.10%
3 Month -7.43% -7.40%
YTD 2.00% 1.87%
Since Inception* 36.69% 36.61%
Average Annual
1 Year 3.39% 3.30%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 11.21% 11.18%
Total Returns
Quarter End Performance
(09/30/2018)
NAV Returns Market Price Returns
Cumulative
Since Inception* 46.01% 46.00%
Average Annual
1 Year 16.11% 16.09%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 14.61% 14.61%


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
(11/30/2018)
After Tax Held After Tax Sold
Cumulative
1 Month 1.16% 0.69%
3 Month -7.43% -4.40%
Since Inception* 35.26% 27.56%
Average Annual
1 Year 3.15% 2.17%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 10.81% 8.63%
After Tax Returns
Quarter End Performance
(09/30/2018)
After Tax Held After Tax Sold
Cumulative
Since Inception* 35.18% 44.48%
Average Annual
1 Year 10.64% 15.83%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 12.69% 14.18%


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.

 

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.)

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.)

Asset Classification

Asset Group
As of 12/17/2018
Asset Group Weight
Real Estate 2.30 %
Materials 1.94 %
Information Technology 23.66 %
Industrials 11.56 %
Health Care 12.95 %
Financials 12.51 %
Energy 4.44 %
Consumer Staples 5.63 %
Consumer Discretionary 13.75 %
Communication Services 8.27 %
Utilities 2.99 %
Securities 100.00 %

Holdings

Holdings
As of 12/17/2018
*Holdings are subject to change without notice.

Recent Distributions

Recent Distributions

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.

Diversification does not eliminate the risk of experiencing investment losses.

  • 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.