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CXSE

WisdomTree China ex-State-Owned Enterprises Fund

WisdomTree China ex-State-Owned Enterprises Fund seeks to track the investment results of Chinese companies that are not state-owned enterprises, which is defined as government ownership of greater than 20%. Learn more about the index that CXSE is designed to track.

Why CXSE?

  • Gain exposure to targeted Chinese equity from companies excluding state-owned enterprises
  • Use to complement Chinese market exposure while neutralizing companies potentially influenced by government decisions
CXSE INFORMATION AND RESEARCH

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Fund Overview

As of 07/21/2017
Profile
As of 07/21/2017
Expense Ratio
Net Expense Ratio, amount charged to shareholder1 0.32%
Gross Expense Ratio 0.63%
CUSIP 97717X719
Total Assets (000) $19,278.25
Shares Outstanding 275,000
Distribution Yield 2.57 %
SEC 30-day Yield (Subsidized)2 0.74 %
SEC 30-day Yield (Unsubsidized) 0.43 %
Options Available* No
Inception Date 09/19/2012
*Options are not suitable for all investors.
Trading Information
30-Day Average Daily Volume 7,242
Implied LiquidityTM (Shares) 1,876,907
Implied Liquidity (000) $131,571.23
Lead Market Marker Susquehanna
Related index Symbol CHXSOE
NAV Symbol CXSE.NV
IOPV Symbol CXSE.IV
Shares Out. Symbol CXSE.SO

1The Net Expense Ratio reflects a contractual waiver of 0.31% through July 31, 2018.

 

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 07/21/2017
NAV $70.10
Change ($0.47)
Change % -0.67%
Price
As of 07/21/2017 Quotes Delayed ~ 15 mins
Price $70.74
Change (-$0.49)
Change % -0.69%
Volume 11,981

Total Returns

Month End Performance
(06/30/2017)
Underlying Index Returns NAV Returns Market Price Returns
Cumulative
1 Month 2.75% 2.66% 3.01%
3 Month 15.24% 14.98% 15.64%
Since Inception* 49.89% 43.88% 43.77%
Average Annual
1 Year 47.26% 46.31% 48.47%
3 Year 11.50% 10.11% 10.64%
5 Year N/A N/A N/A
10 Year N/A N/A N/A
Since Inception* 8.83% 7.91% 7.89%
Quarter End Performance
(06/30/2017)
Underlying Index Returns NAV Returns Market Price Returns
Cumulative
Since Inception* 49.89% 43.88% 43.77%
Average Annual
1 Year 47.26% 46.31% 48.47%
3 Year 11.50% 10.11% 10.64%
5 Year N/A N/A N/A
10 Year N/A N/A N/A
Since Inception* 8.83% 7.91% 7.89%


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
(06/30/2017)
After Tax Held After Tax Sold
Cumulative
1 Month 2.36% 1.51%
3 Month 14.64% 8.48%
Since Inception* 39.77% 31.98%
Average Annual
1 Year 45.48% 26.29%
3 Year 9.48% 7.67%
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 7.25% 5.98%
Quarter End Performance
(06/30/2017)
After Tax Held After Tax Sold
Cumulative
Since Inception* 39.77% 31.98%
Average Annual
1 Year 45.48% 26.29%
3 Year 9.48% 7.67%
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 7.25% 5.98%


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.

 

Top Holdings

Name
As of 07/21/2017
Weight
1. Ping An Insurance Group Co of China 11.26%
2. Alibaba Group Holding Ltd ADR 8.09%
3. JD.com Inc ADR 7.91%
4. Tencent Holdings Ltd 7.51%
5. Baidu.com ADR 5.91%
6. Delphi Automotive PLC 5.21%
7. Ctrip.com International ADR 4.55%
8. Country Garden Holdings Co. Ltd. 2.99%
9. NetEase Inc ADR 2.92%
10. China Evergrande Group 2.32%

Sector Breakdown

Name
As of 07/21/2017
Weight
1. Information Technology 30.63%
2. Consumer Discretionary 29.90%
3. Financials 14.25%
4. Real Estate 10.88%
5. Consumer Staples 6.64%
6. Health Care 6.43%
7. Industrials 1.28%

Country Allocation

Country
As of 07/21/2017
Weight
1. China 90.22%
2. United Kingdom 5.21%
3. Hong Kong 4.16%
4. United States 0.08%

Recent Distributions

Ex-Dividend Date 06/26/2017
Record Date 06/28/2017
Payable Date 06/30/2017
Ordinary Income $0.45000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.45000
Ex-Dividend Date 03/27/2017
Record Date 03/29/2017
Payable Date 03/31/2017
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 12/23/2016
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 $0.46000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.46000

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 China, thereby increasing the impact of events and developments associated with the region which can adversely affect performance. Investments in emerging or offshore 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. The Fund’s exposure to certain sectors may increases its vulnerability to any single economic or regulatory development related to such sector. As this Fund can have a high concentration in some issuers, the Fund can be adversely impacted by changes affecting those issuers. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

  • 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.