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DDEZ

WisdomTree Dynamic Currency Hedged Europe Equity Fund

WisdomTree Dynamic Currency Hedged Europe Equity Fund seeks to track the performance of European dividend-paying companies while at the same time dynamically hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar. Learn more about the Index that DDEZ is designed to track.

Why DDEZ?

  • Gain exposure to all cap dividend paying companies in Europe, while dynamically hedging currency exposure
  • A rules-based process that uses a combination of momentum, value and interest rate factors to help determine the currency hedge ratio
  • Use to complement or replace European broad-based active and passive strategies
DDEZ INFORMATION AND RESEARCH

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Fund Overview

As of 03/27/2017
Profile
As of 03/27/2017
Expense Ratio
Net Expense Ratio, amount charged to shareholder1 0.43%
Gross Expense Ratio 0.48%
CUSIP 97717X255
Total Assets (000) $1,382.08
Shares Outstanding 50,004
Distribution Yield 1.66 %
SEC 30-day Yield 3.08 %
SEC 30-day Yield (Unsubsidized)2 3.03 %
Options Available* No
Inception Date 01/07/2016
*Options are not suitable for all investors.
Trading Information
30-Day Average Daily Volume 3,774
Implied LiquidityTM (Shares) 7,231,707
Implied Liquidity (000) $199,884.40
Lead Market Marker Jane Street
Related index Symbol WTEDHD
NAV Symbol DDEZ.NV
IOPV Symbol DDEZ.IV
Shares Out. Symbol DDEZ.SO

1The Net Expense Ratio reflects a contractual waiver of 0.05% through October 31, 2017.

 

2The unsubsidized SEC 30-day yield does not reflect fee waivers in effect. Without waivers, yield would be reduced.

Net Asset Value

Net Asset Value
As of 03/27/2017
NAV $27.64
Change ($0.09)
Change % -0.32%
Price
As of 03/27/2017 Quotes Delayed ~ 15 mins
Price $27.54
Change $0.00
Change % 0.00%
Volume 2,000

Total Returns

Month End Performance
(02/28/2017)
Underlying Index Returns NAV Returns Market Price Returns
Cumulative
1 Month 1.94% 1.88% 1.04%
3 Month 9.15% 8.96% 8.73%
Since Inception* 14.06% 13.89% 14.09%
Average Annual
1 Year 18.08% 18.13% 17.86%
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* 12.17% 12.03% 12.20%
Quarter End Performance
(12/31/2016)
Underlying Index Returns NAV Returns Market Price Returns
Cumulative
Since Inception* 12.47% 12.39% 12.79%
Average Annual
1 Year 6.35% N/A N/A
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* 12.47% N/A N/A


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
(02/28/2017)
After Tax Held After Tax Sold
Cumulative
1 Month 1.88% 1.07%
3 Month 8.63% 5.15%
Since Inception* 12.01% 9.70%
Average Annual
1 Year 16.18% 10.26%
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* 10.41% 8.42%
Quarter End Performance
(12/31/2016)
After Tax Held After Tax Sold
Cumulative
Since Inception* 10.54% 7.03%
Average Annual
1 Year N/A N/A
3 Year N/A N/A
5 Year N/A N/A
10 Year N/A N/A
Since Inception* N/A N/A


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 03/27/2017
Weight
1. Anheuser-Busch InBev SA/NV 3.34%
2. Telefonica SA 2.80%
3. Total SA 2.73%
4. Daimler AG 2.63%
5. Banco Santander SA 2.55%
6. Siemens AG 2.53%
7. Allianz SE 2.40%
8. BASF SE 2.18%
9. ENI SpA 2.02%
10. Ing Groep NV-CVA 2.00%

Hedge Ratio

 
As of 03/27/2017
Aggregate Hedge Ratio 63.71 %
*Hedge ratios are implemented after the close of trading on the last business day of each month.

Sector Breakdown

Name
As of 03/27/2017
Weight
1. Financials 25.31%
2. Industrials 13.48%
3. Consumer Discretionary 12.89%
4. Consumer Staples 9.26%
5. Utilities 8.18%
6. Energy 7.44%
7. Materials 7.01%
8. Telecommunication Services 6.47%
9. Health Care 4.68%
10. Information Technology 4.14%
11. Real Estate 1.15%

Country Allocation

Country
As of 03/27/2017
Weight
1. Germany 25.61%
2. France 24.84%
3. Spain 16.70%
4. Netherlands 10.00%
5. Italy 9.93%
6. Belgium 5.15%
7. Finland 4.75%
8. Austria 1.15%
9. Portugal 1.04%
10. Ireland 0.69%
11. United Kingdom 0.15%

Recent Distributions

Ex-Dividend Date 03/27/2017
Record Date 03/29/2017
Payable Date 03/31/2017
Ordinary Income $0.11500
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.11500
Ex-Dividend Date 12/23/2016
Record Date 12/28/2016
Payable Date 12/30/2016
Ordinary Income $0.11476
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.11476
Ex-Dividend Date 12/05/2016
Record Date 12/07/2016
Payable Date 12/09/2016
Ordinary Income $0.00000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.11389
Return of Capital $0.00000
Total Distribution $0.11389
Ex-Dividend Date 09/26/2016
Record Date 09/28/2016
Payable Date 09/30/2016
Ordinary Income $0.21000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.21000

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 invests in derivatives in seeking to obtain a dynamic currency hedge exposure. 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 may not perform as intended. A Fund that has exposure to one or more sectors may be more vulnerable to any single economic or regulatory development. This may result in greater share price volatility. The composition of the Index underlying the Fund 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.

Dividends are not guaranteed and a company’s future ability to pay dividends may be limited. A company currently paying dividends may cease paying dividends at any time.

Hedging can help returns when a foreign currency depreciates against the U.S. dollar, but can hurt when the foreign currency appreciates against the U.S. dollar.

  • 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.