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ELD

WisdomTree Emerging Markets Local Debt Fund

WisdomTree Emerging Markets Local Debt Fund seeks a high level of total returns consisting of both income and capital appreciation. The fund attempts to achieve its investment objective through investment in local debt denominated in the currencies of emerging market countries.

Constituent countries: Brazil, Chile, Colombia, Mexico, Peru, Poland, Romania, Russia, South Africa, Turkey, China, Indonesia, Malaysia, Philippines, South Korea and Thailand.

Why ELD?

  • Utilizes an actively managed structured investment process focused on continuous risk management and offers high income potential, diversification, and total return through combination of Emerging Market interest rates and currencies
  • Invests in locally denominated debt of select Emerging Market countries or instruments designed to provide similar exposure.
  • Use to help increase portfolio yield as non-core fixed income allocation

Fund Overview

As of 09/19/2017
Profile
As of 09/19/2017
Expense Ratio 0.55%
CUSIP 97717X867
Total Assets (000) $259,158.68
Shares Outstanding 6,600,000
Weighted Average Coupon 6.59
Average Years to Maturity 7.82
Effective Duration (a/o 09/19/2017) 4.79
Embedded Income Yield 6.36%
Average Yield to Maturity
(a/o 09/19/2017)
6.22%
Distribution Yield 4.43 %
SEC 30-day Yield 5.66 %
Options Available* Yes
Inception Date 08/09/2010

Yields are historical, will fluctuate and are not guaranteed.

*Options are not suitable for all investors.

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

Net Asset Value

Net Asset Value
As of 09/19/2017
NAV $39.27
Change ($0.02)
Change % -0.06%
Mid Bid/Ask $39.26
Premium/Discount to NAV -0.02%
Market Price
As of 09/19/2017 Quotes Delayed ~ 15 mins
Price $39.21
Change ($0.00)
Change % 0.00%
Volume 3

Total Returns

Total Returns
Month End Performance
(08/31/2017)
NAV Returns Market Price Returns
Cumulative
1 Month 1.58% 1.44%
3 Month 3.29% 3.20%
Since Inception* 5.30% 4.63%
Average Annual
1 Year 8.40% 8.70%
3 Year -1.52% -1.36%
5 Year -0.99% -1.06%
10 Year N/A N/A
Since Inception* 0.73% 0.64%
Total Returns
Quarter End Performance
(06/30/2017)
NAV Returns Market Price Returns
Cumulative
Since Inception* 1.93% 1.34%
Average Annual
1 Year 5.97% 6.23%
3 Year -2.70% -2.63%
5 Year -1.26% -1.30%
10 Year N/A N/A
Since Inception* 0.28% 0.19%


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
(08/31/2017)
After Tax Held After Tax Sold
Cumulative
1 Month 1.41% 0.89%
3 Month 2.78% 1.86%
Since Inception* -4.58% 0.29%
Average Annual
1 Year 6.37% 4.81%
3 Year -3.01% -1.82%
5 Year -2.37% -1.31%
10 Year N/A N/A
Since Inception* -0.66% 0.04%
After Tax Returns
Quarter End Performance
(06/30/2017)
After Tax Held After Tax Sold
Cumulative
Since Inception* -7.33% -1.90%
Average Annual
1 Year 4.32% 3.46%
3 Year -4.10% -2.65%
5 Year -2.61% -1.47%
10 Year N/A N/A
Since Inception* -1.10% -0.28%


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

Quality
Name
As of 09/19/2017
Weight
1. BBB 50.40%
2. A 25.30%
3. BB 11.03%
4. AAA 4.90%
5. AA 3.77%
6. B 3.00%
7. N/R 1.60%

* Subject to change without notice

Asset Classification

Asset Classification
Asset Group
As of 09/19/2017
Weight
1. Bond 100.00%

Country Allocation

Country Allocation
As of 09/08/2017

Top Holdings

Top Holdings
As of 09/19/2017
*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. 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. 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.

Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition when interest rates fall income may decline. 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 issuers ability to make such payments will cause the price of that bond to decline. Unlike typical exchange-traded funds, there is no index that the Fund attempts to track or replicate. Thus, the ability of the Fund to achieve its objective 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 Years to Maturity - The mean of the remaining term to maturity of the underlying bonds 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 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."
  • Quality – Credit ratings apply 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 rating reflects the rating agency's opinion of the holding's financial condition and history. The ratings shown are all considered investment grade and are listed by highest to lowest in percentage of what the Fund holds.

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.