WTMF
WisdomTree Managed Futures Strategy Fund
The WisdomTree Managed Futures Strategy Fund is an actively managed exchange-traded fund that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad market equity or fixed income returns. The Fund is managed using a quantitative, rules-based strategy designed to capture rising and falling price trends in the commodity, currency, equity, and rates markets through long and short positions in futures contracts. The Fund may also invest up to 10% of its net assets in any combination of shares of one or more exchange-traded products that primarily hold bitcoin and in bitcoin future contracts. The Fund will not invest in bitcoin directly.
Why WTMF?
- Gain access to commodities, equities, currencies, interest rates and bitcoin futures
- Use as vehicle to seek asset class diversification and exposure to dynamic asset allocation strategies
- Use as asset class with historical inflation hedging characteristics
Fund Overview
| Profile |
As of 04/18/2024
|
|---|---|
| Expense Ratio | 0.65% |
| CUSIP | 97717W125 |
| Total Assets (000) | $208,433.91 |
| Shares Outstanding | 5,650,000 |
| Distribution Yield | 0.92% |
| SEC 30-day Yield | 3.42% |
| Options Available* | No |
| Inception Date | 01/05/2011 |
Yields are historical, will fluctuate and are not guaranteed.
*Options are not suitable for all investors.
| Trading Information |
As of 04/18/2024
|
|---|---|
| Lead Market Maker | Susquehanna |
| NAV Symbol | WTMF.NV |
| Shares Out. Symbol | WTMF.SO |
Total Returns
| Total Returns | ||
|---|---|---|
|
Month End Performance (03/31/2024) |
NAV Returns | Market Price Returns |
| Cumulative | ||
| 1 Month | 2.96% | 2.99% |
| 3 Month | 7.23% | 7.19% |
| YTD | 7.23% | 7.19% |
| Since Inception* | 1.67% | 1.33% |
| Average Annual | ||
| 1 Year | 17.39% | 17.43% |
| 3 Year | 6.76% | 6.71% |
| 5 Year | 4.48% | 4.45% |
| 10 Year | 2.03% | 2.02% |
| Since Inception* | 0.13% | 0.10% |
| Total Returns | ||
|---|---|---|
|
Quarter End Performance (03/31/2024) |
NAV Returns | Market Price Returns |
| Cumulative | ||
| Since Inception* | 1.67% | 1.33% |
| Average Annual | ||
| 1 Year | 17.39% | 17.43% |
| 3 Year | 6.76% | 6.71% |
| 5 Year | 4.48% | 4.45% |
| 10 Year | 2.03% | 2.02% |
| Since Inception* | 0.13% | 0.10% |
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 | 2.96% | 1.75% |
| 3 Month | 7.23% | 4.28% |
| Since Inception* | -9.75% | -3.90% |
| Average Annual | ||
| 1 Year | 15.12% | 10.16% |
| 3 Year | 3.51% | 3.70% |
| 5 Year | 2.39% | 2.49% |
| 10 Year | 0.86% | 1.02% |
| Since Inception* | -0.77% | -0.30% |
| After Tax Returns | ||
|---|---|---|
| Quarter End Performance (03/31/2024) |
After Tax Held | After Tax Sold |
| Cumulative | ||
| Since Inception* | -9.75% | -3.90% |
| Average Annual | ||
| 1 Year | 15.12% | 10.16% |
| 3 Year | 3.51% | 3.70% |
| 5 Year | 2.39% | 2.49% |
| 10 Year | 0.86% | 1.02% |
| Since Inception* | -0.77% | -0.30% |
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.
Holdings Summary
| Group | Long | Short | Group Weight |
|---|---|---|---|
| Cash&Collateral | 100.00% | 0.00% | 100.00% |
| Cash | 9.83% | 0.00% | 9.83% |
| Treasuries | 90.17% | 0.00% | 90.17% |
| Strategy | 74.23% | 25.77% | 100.00% |
| Commodities | 21.40% | 19.02% | 40.42% |
| Energy | 10.04% | 2.76% | 12.80% |
| Grains | 0.00% | 7.65% | 7.65% |
| Industrial Metals | 6.06% | 8.61% | 14.67% |
| LiveStock | 2.59% | 0.00% | 2.59% |
| Precious Metals | 2.71% | 0.00% | 2.71% |
| Crypto Currency | 3.01% | 0.00% | 3.01% |
| Currencies | 10.51% | 0.00% | 10.51% |
| Equity Index | 39.32% | 0.00% | 39.32% |
| US Rates | 0.00% | 6.75% | 6.75% |
| 10 Year | 0.00% | 3.38% | 3.38% |
| 30 Year | 0.00% | 3.36% | 3.36% |
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.
An investment in bitcoin ETPs involves significant risks and may not be suitable for all shareholders. Extreme volatility of trading prices that many digital assets, including bitcoin, have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value. There are risks associated with investing including possible loss of principal. An investment in this Fund is speculative, involves a substantial degree of risk, and should not constitute an investor's entire portfolio. One of the risks associated with the Fund is the complexity of the different factors which contribute to the Fund's performance, as well as its correlation (or non-correlation) to other asset classes. These factors include use of long and short positions in commodity futures contracts, currency forward contracts, swaps and other derivatives. Derivatives can be volatile and may be less liquid than other securities and more sensitive to the effects of varied economic conditions. In addition, bitcoin and bitcoin futures are a relatively new asset class. They are subject to unique and substantial risks, and historically, have been subject to significant price volatility. While the bitcoin futures market has grown substantially since bitcoin futures commenced trading, there can be no assurance that this growth will continue. The Fund should not be used as a proxy for taking long only (or short only) positions in commodities or currencies. The Fund could lose significant value during periods when long only indexes rise (or short only) indexes decline. The Fund's investment objective is based on historic price trends. There can be no assurance that such trends will be reflected in future market movements. The Fund generally does not make intra-month adjustments and therefore is subject to substantial losses if the market moves against the Fund's established positions on an intra-month basis. In markets without sustained price trends or markets that quickly reverse or "whipsaw" the Fund may suffer significant losses. The Fund is actively managed thus the ability of the Fund to achieve its objectives will depend on the effectiveness of the portfolio manager. Due to the investment strategy of this Fund it may make higher capital gain distributions than other ETFs. 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."
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.
