WBAL

WisdomTree Balanced Income Fund

The WisdomTree Balanced Income Fund seeks to track the price and yield performance of the WisdomTree Balanced Income Index, an index comprised of exchange traded funds ("ETFs") with approximately a 60% allocation to equities and a 40% allocation to fixed income. Learn more about the Index that WBAL is designed to track.


Why WBAL?


  • Gain broad exposure to Income Generating Equity and Fixed Income ETFs
  • Complement to a global stock and bond exposure, or as a one-ticket income solution
  • Use to get balanced exposure to global equity and fixed income markets, while optimizing for income.

 

WBAL INFORMATION AND RESEARCH

Fund Overview

As of 10/17/2019
Profile
As of 10/17/2019
Expense Ratio
Net Expense Ratio, amount charged to shareholder1 0.35%
Gross Expense Ratio 0.72%
CUSIP 97717Y816
Total Assets (000) $3,728.83
Shares Outstanding 150,000
Weighted Average Coupon 4.99
Average Years to Maturity 14.31
Effective Duration 6.23
Embedded Income Yield 4.16
Distribution Yield 3.86 %
SEC 30-day Yield (Subsidized)2 3.59 %
SEC 30-day Yield (Unsubsidized) 3.22 %
Options Available* No
Inception Date 12/21/2017
*Options are not suitable for all investors.
Trading Information
30-Day Average Daily Volume 570
Implied LiquidityTM (Shares) 51,153,883
Implied Liquidity (000) $1,271,626.73
Lead Market Maker Susquehanna
Related index Symbol WTBAL
NAV Symbol WBAL.NV
IOPV Symbol WBAL.IV
Shares Out. Symbol WBAL.SO

1The Net Expense Ratio reflects a contractual waiver of 0.37% through December 31, 2020.

 

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 10/17/2019
NAV $24.86
Change $0.02
Change % 0.09%
Mid Bid/Ask $24.90
Premium/Discount to NAV 0.15%
As of 10/18/2019 Quotes Delayed ~ 15 mins
Price $24.92
Change $0.03
Change % 0.12%
Volume 124

Market Capitalization

As of 10/17/2019
Total Market Capitalization ($ Trillion) 45.91
Fund MarketCap Breakdown
Large Cap (> $10 Billion) 82.92%
Mid Cap (≥ $2 Billion and ≤ $10 Billion) 13.63%
Small Cap (< $2 Billion) 3.45%

Portfolio Characteristics

As of 10/17/2019
Dividend Yield 4.21
Price/Earnings 14.42
Estimated Price/Earnings 13.51
Price/Book 1.76
Price/Sales 1.15
Price/Cash Flow 7.44
Gross Buyback Yield 1.90
Net Buyback Yield 1.22

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
(09/30/2019)
Underlying Index Returns NAV Returns Market Price Returns
Cumulative
1 Month 1.91% 2.13% 2.21%
3 Month 1.28% 1.54% 1.54%
YTD 12.74% 13.10% 13.37%
Since Inception* 5.91% 6.28% 6.16%
Average Annual
1 Year 5.96% 6.29% 5.81%
3 Year N/A N/A N/A
5 Year N/A N/A N/A
10 Year N/A N/A N/A
Since Inception* 3.29% 3.49% 3.42%
Total Returns
Quarter End Performance
(09/30/2019)
Underlying Index Returns NAV Returns Market Price Returns
Cumulative
Since Inception* 5.91% 6.28% 6.16%
Average Annual
1 Year 5.96% 6.29% 5.81%
3 Year N/A N/A N/A
5 Year N/A N/A N/A
10 Year N/A N/A N/A
Since Inception* 3.29% 3.49% 3.42%


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
(09/30/2019)
After Tax Held After Tax Sold
Cumulative
1 Month 1.72% 1.26%
3 Month 1.15% 0.91%
Since Inception* 4.00% 4.11%
Average Annual
1 Year 4.84% 3.80%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 2.23% 2.29%
After Tax Returns
Quarter End Performance
(09/30/2019)
After Tax Held After Tax Sold
Cumulative
Since Inception* 4.00% 4.11%
Average Annual
1 Year 4.84% 3.80%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 2.23% 2.29%


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.)


Country Allocation

Country Allocation
Country
As of 10/17/2019
Weight
1. United States 100.00%

Holdings

As of 10/17/2019
*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 other ETFs, and the investment performance and risks may be directly related to the investment performance and risks of such ETFs.  Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty.  Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments.  Funds focusing their investments on certain sectors increase their vulnerability to any single economic or regulatory development.  Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline.  High-yield or “junk” bonds have lower credit ratings and involve a greater risk to principal. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise.   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.
  • Average Years to Maturity - The mean of the remaining term to maturity of the underlying bonds in contracts the portfolio.
  • Effective Duration - This statistic provides a measure of the sensitivity of the Fund's price to changes in interest rate changes and is calculated as the weighted average of the individual bond durations. For each bond, it also addresses that interest rate changes can alter expected bond future cash flows through embedded options. The calculation is also expanded to incorporate the contribution of derivatives to the overall interest rate risk sensitivity to the portfolio.
  • Average yield to Maturity - Average Yield to Maturity represents the weighted average yield to maturity of a Fund's investments in money market securities and short-term fixed income securities as of a specified date. Yield to maturity is the rate of return generated on a fixed income instrument assuming interest payments and capital gains or losses as if the instrument is held to maturity. The weighted average yield is calculated based on the market value of each fixed-income investment. The calculation does not incorporate yield from any currency forward contracts that might be part of the Fund's investments and does not reflect Fund Expenses.
  • Embedded income yield represents the annualized rate of return generated by a Fund's investment in both fixed income securities and derivatives exclusive of interest rate changes and movement in foreign exchange spot rates. The calculation is intended to capture the Fund's potential to earn income return over the following year given current holdings and market conditions. The embedded income yield will differ from the portfolio's yield to maturity, due to the incorporation of derivatives in the embedded income yield. Embedded income yield and portfolio yield to maturity may differ from a Funds actual distribution and SEC yield and do not reflect Fund expenses.
  • 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.
  • Portfolio Dividend Yield - Represents the aggregate weighted yield on the portfolio securities held by a fund on a specified date. The Portfolio Dividend Yield is calculated on a daily basis and "looks through" to the actual holdings of the fund. It creates a snapshot each day of the weighted yield of each portfolio holding based on the 12-month trailing dividend per share divided by its current price. This does not represent any Funds actual distribution. The yield is NOT a current yield since no annualizing factor is used. The Gross Portfolio Dividend Yield reflects the total amount of distributions on each security in the Fund's portfolio. For investments in U.S. securities, the gross yield and the net yield will be identical. In the case of foreign securities however, taxes are withheld by foreign governments. Each country has a different withholding rate. The Net Portfolio Dividend Yield is the Gross Yield less taxes based on a designated tax rate for each security of a foreign country represented in the Fund's portfolio. Investors may be able to receive a credit on their tax returns for taxes withheld by foreign governments - please check with your tax adviser.
  • Gross Buyback Yield – Represents the company’s gross share repurchase over the past year to its market capitalization.
  • Net Buyback Yield – Represents the amount of a company’s net share repurchase over the past year to its market capitalization.
  • Price/Earnings (P/E) Ratio – Share price divided by earnings per share. Lower numbers indicate an ability to access greater amounts of earnings per dollar invested.
  • Estimated Price/Earnings Ratio - Share price divided by estimated 12-month earnings per share. Lower numbers indicate an ability to access greater amounts of estimated 12-month earnings per dollar invested.
  • Price/Book (P/B) Ratio – Share price divided by book value per share. Lower numbers indicate an ability to access greater amounts of earnings per dollar invested.
  • Price/Sales (P/S) Ratio - The ratio for valuing a stock relative to its own past performance, other companies or the market itself.
  • Price/Cash Flow (P/CF) Ratio - Share price divided by cash flow per share. Lower numbers indicate an ability to access greater amounts of cash flows per dollar invested.

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.