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CYB

WisdomTree Chinese Yuan Strategy Fund

WisdomTree Chinese Yuan Strategy Fund seeks to achieve total returns reflective of both money market rates in China available to foreign investors and changes in value of the Chinese Yuan relative to the U.S. dollar.

Why CYB?

  • Provides cost-effective exposure to the currencies and interest rate in the rapidly evolving Chinese currency
  • Total Return from currency appreciation, implied yield of the CNY and CNH forward contracts, and potential income generated from U.S. money market collateral securities and CNH time deposits
  • Low volatility combined with moderate interest rates make it one of the most attractive currencies from an interest rate to volatility perspective
  • Use tactically to express a view on Chinese currency appreciation

Although this Fund invests in very short-term, investment grade instruments, the Fund is not a "money market" Fund and it is not the objective of the Fund to maintain a constant share price.

View Daily Global Money Market Rates

Fund Overview

As of 08/22/2017
Profile
As of 08/22/2017
Expense Ratio 0.45%
CUSIP 97717W182
Total Assets (000) $37,991.10
Shares Outstanding 1,500,000
Weighted Average Coupon 0.35
Average Days to Maturity Money Market N/A
Average Days to Maturity Currency Contracts N/A
Effective Duration 0.00
Average Yield to Maturity 0.00
Distribution Yield 0.00 %
Embedded Income Yield 2.08%
SEC 30-day Yield 0.49%
Options Available* Yes
Inception Date 05/14/2008

Yields are historical, will fluctuate and are not guaranteed.

*Options are not suitable for all investors.

Trading Information
Lead Market Marker Susquehanna
NAV Symbol CYB.NV
IOPV Symbol CYB.IV
Shares Out. Symbol CYB.SO

Net Asset Value

Net Asset Value
As of 08/22/2017
NAV $25.33
Change $0.07
Change % 0.28%
Mid Bid/Ask $25.29
Premium/Discount to NAV -0.15%
Market Price
As of 08/22/2017 Quotes Delayed ~ 15 mins
Price $25.37
Change $0.09
Change % 0.34%
Volume 1,610

Total Returns

Month End Performance
(07/31/2017)
NAV Returns Market Price Returns
Cumulative
1 Month 1.05% 1.01%
3 Month 3.64% 3.39%
Since Inception* 11.00% 9.74%
Average Annual
1 Year 2.16% 1.71%
3 Year -0.12% -0.14%
5 Year 0.90% 0.88%
10 Year N/A N/A
Since Inception* 1.14% 1.01%
Quarter End Performance
(06/30/2017)
NAV Returns Market Price Returns
Cumulative
Since Inception* 9.84% 8.64%
Average Annual
1 Year 1.18% 1.06%
3 Year -0.36% -0.40%
5 Year 0.67% 0.67%
10 Year N/A N/A
Since Inception* 1.03% 0.91%


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
(07/31/2017)
After Tax Held After Tax Sold
Cumulative
1 Month 1.05% 0.59%
3 Month 3.64% 2.06%
Since Inception* 7.88% 7.74%
Average Annual
1 Year 2.16% 1.22%
3 Year -0.15% -0.09%
5 Year 0.58% 0.61%
10 Year N/A N/A
Since Inception* 0.83% 0.81%
Quarter End Performance
(06/30/2017)
After Tax Held After Tax Sold
Cumulative
Since Inception* 6.76% 6.89%
Average Annual
1 Year 1.18% 0.67%
3 Year -0.40% -0.28%
5 Year 0.34% 0.43%
10 Year N/A N/A
Since Inception* 0.72% 0.73%


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.

 

Quality

Name
As of 08/22/2017
Weight

* Subject to change without notice

Asset Classification

Asset Group
As of 08/22/2017
Weight
1. Short Term 100.00%

Top Holdings

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

Currency Forward Positions

Trading Currency Long CNH vs USD
Contract Value $18,066,119.50
Market Value $18,570,558.92
Gain/Loss $504,439.42
Trading Currency Long CNY vs USD
Contract Value $18,858,631.89
Market Value $19,235,634.45
Gain/Loss $377,002.56

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 12/21/2015
Record Date 12/23/2015
Payable Date 12/28/2015
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 12/19/2014
Record Date 12/23/2014
Payable Date 12/26/2014
Ordinary Income $0.00000
Short Term Capital Gains $0.00187
Long Term Capital Gains $0.09570
Return of Capital $0.00000
Total Distribution $0.09757
Ex-Dividend Date 12/24/2013
Record Date 12/27/2013
Payable Date 12/31/2013
Ordinary Income $0.21448
Short Term Capital Gains $0.41547
Long Term Capital Gains $0.40969
Return of Capital $0.00000
Total Distribution $1.03964

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 focuses its investments in specific regions or countries, thereby increasing the impact of events and developments associated with the region or country which can adversely affect performance. Investments in emerging or frontier markets are generally less liquid and less efficient than developed markets and are subject to additional risks, such as of adverse governmental regulation and intervention or political developments. Investments in currency involve additional special risks, such as credit risk, interest rate fluctuations, derivative investment risk which can be volatile and may be less liquid than other securities and more sensitive to the effect of varied economic conditions. As this Fund can have a high concentration in some issuers the Fund can be adversely impacted by changes affecting issuers. Unlike typical exchange-traded fund's, there are no indexes that the Fund attempt to track or replicate. 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.
  • Average Days to Maturity - Money Market Instruments - The mean of the remaining term to maturity of the underlying bonds in the portfolio.
  • Average Days to Maturity - Currency Contracts - The mean of the remaining term to maturity of the underlying currency forward contracts in 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 of the portfolio.
  • 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.
  • 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 currency forward contracts and US government securities. The calculation is intended to show the yield of the Fund's portfolio without the impact of currency exchange rates on the fund's investments and assumes that foreign exchange rates remain constant. Embedded income yield differs from a fund's actual yield and does not reflect fund expenses. A forward currency contract is an agreement by two parties to transact in currencies at a specific rate on a future date and then cash settle the agreement with a simple exchange of the market value difference between the current market rate and the initial agreed-upon rate.
  • 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."
  • Quality – Credit ratings apply to the underlying holdings of the fund, and not to the fund itself. S&P and Moody's study the financial condition of an entity to ascertain its creditworthiness. The credit ratings reflect the rating agency's opinion of the holdings financial condition and histories. The ratings shown are all considered investment grade and are listed by highest to lowest in percentage of what the fund holds. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest).

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.