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EMCB

WisdomTree Emerging Markets Corporate Bond Fund

WisdomTree Emerging Markets Corporate Bond Fund seeks to provide a high level of total return consisting of both income and capital appreciation through investments in the debt of emerging markets corporate issuers.

Why EMCB?

  • Actively managed fixed income portfolio investing in globally operating companies, headquartered in Emerging Markets, issuing debt in USD offers attractive income and total return without currency risk
  • Disciplined investment process by Western Asset Management in an ETF structure
  • Use to help increase portfolio yield as alternative to US High Yield with comparable yields and higher credit quality

Fund Overview

As of 07/21/2017
Profile
As of 07/21/2017
Expense Ratio 0.60%
CUSIP 97717X784
Total Assets (000) $50,601.88
Shares Outstanding 700,000
Weighted Average Coupon 5.33
Average Years to Maturity 9.62
Effective Duration (a/o 07/21/2017) 5.23
Embedded Income Yield 4.17%
Average Yield to Maturity
(a/o 07/21/2017)
4.24%
Distribution Yield 4.15 %
SEC 30-day Yield 3.64 %
Options Available* No
Inception Date 03/08/2012

Yields are historical, will fluctuate and are not guaranteed.

*Options are not suitable for all investors.

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

Net Asset Value

Net Asset Value
As of 07/21/2017
NAV $72.29
Change $0.06
Change % 0.09%
Price
As of 07/21/2017 Quotes Delayed ~ 15 mins
Price $72.19
Change $0.03
Change % 0.04%
Volume 1,504

Total Returns

Month End Performance
(06/30/2017)
NAV Returns Market Price Returns
Cumulative
1 Month 0.01% -0.53%
3 Month 1.43% 1.11%
Since Inception* 22.05% 21.68%
Average Annual
1 Year 6.39% 7.28%
3 Year 1.81% 1.58%
5 Year 3.74% 3.72%
10 Year N/A N/A
Since Inception* 3.82% 3.76%
Quarter End Performance
(06/30/2017)
NAV Returns Market Price Returns
Cumulative
Since Inception* 22.05% 21.68%
Average Annual
1 Year 6.39% 7.28%
3 Year 1.81% 1.58%
5 Year 3.74% 3.72%
10 Year N/A N/A
Since Inception* 3.82% 3.76%


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 -0.14% 0.01%
3 Month 0.97% 0.81%
Since Inception* 10.25% 11.35%
Average Annual
1 Year 4.60% 3.59%
3 Year -0.14% 0.46%
5 Year 1.74% 1.96%
10 Year N/A N/A
Since Inception* 1.85% 2.04%
Quarter End Performance
(06/30/2017)
After Tax Held After Tax Sold
Cumulative
Since Inception* 10.25% 11.35%
Average Annual
1 Year 4.60% 3.59%
3 Year -0.14% 0.46%
5 Year 1.74% 1.96%
10 Year N/A N/A
Since Inception* 1.85% 2.04%


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 07/21/2017
Weight
1. BBB 49.87%
2. BB 22.31%
3. A 17.62%
4. B 8.67%
5. AA 1.52%

* Subject to change without notice

Asset Classification

Asset Group
As of 07/21/2017
Weight
1. Energy 19.22%
2. Energy 19.22%
3. Industrials 11.60%
4. Industrials 11.60%
5. Materials 11.17%
6. Materials 11.17%
7. Government 8.67%
8. Government 8.67%
9. Oil 7.52%
10. Oil 7.52%
11. Consumer 6.69%
12. Consumer 6.69%
13. Utilities 4.05%
14. Utilities 4.05%
15. Banks 3.65%
16. Banks 3.65%
17. Communications 2.87%
18. Communications 2.87%
19. Telecom 2.72%
20. Telecom 2.72%
21. Technology 0.83%
22. Technology 0.83%
23. Consumer Discretionary 0.73%
24. Consumer Discretionary 0.73%
25. Consumer Staples 0.72%
26. Consumer Staples 0.72%
27. Supranational 0.54%
28. Supranational 0.54%
29. Financials -80.97%
30. Financials -80.97%

Country Allocation

As of 06/30/2017
Country Brazil
Currency USD
Region Latin America
Weight 16.33%
Country Russia
Currency USD
Region Europe, Middle East, & Africa
Weight 11.03%
Country Hong Kong
Currency USD
Region Asia
Weight 10.53%
Country Argentina
Currency USD
Region Latin America
Weight 6.79%
Country China
Currency USD
Region Asia
Weight 5.85%
Country Korea
Currency USD
Region Asia
Weight 5.11%
Country Mexico
Currency USD
Region Latin America
Weight 4.59%
Country Singapore
Currency USD
Region Asia
Weight 3.59%
Country Colombia
Currency USD
Region Latin America
Weight 3.52%
Country Indonesia
Currency USD
Region Asia
Weight 3.40%
Country India
Currency USD
Region Asia
Weight 2.88%
Country Peru
Currency USD
Region Latin America
Weight 2.64%
Country United Arab Emirates
Currency USD
Region Europe, Middle East, & Africa
Weight 2.44%
Country Kazakhstan
Currency USD
Region Europe, Middle East, & Africa
Weight 2.34%
Country Morocco
Currency USD
Region Europe, Middle East, & Africa
Weight 2.18%
Country Chile
Currency USD
Region Latin America
Weight 2.04%
Country Turkey
Currency USD
Region Europe, Middle East, & Africa
Weight 1.51%
Country Qatar
Currency USD
Region Europe, Middle East, & Africa
Weight 1.36%
Country Malaysia
Currency USD
Region Asia
Weight 1.22%
Country Guatemala
Currency USD
Region Latin America
Weight 0.72%
Country Luxembourg
Currency USD
Region Europe, Middle East, & Africa
Weight 0.70%
Country South Africa
Currency USD
Region Europe, Middle East, & Africa
Weight 0.59%
Country Poland
Currency USD
Region Europe, Middle East, & Africa
Weight 0.58%
Country Kuwait
Currency USD
Region Europe, Middle East, & Africa
Weight 0.56%
Country Ecuador
Currency USD
Region Latin America
Weight 0.55%
Country Senegal
Currency USD
Region Europe, Middle East, & Africa
Weight 0.51%
Country Ghana
Currency USD
Region Europe, Middle East, & Africa
Weight 0.50%
Country Honduras
Currency USD
Region Latin America
Weight 0.46%
Country Futures
Currency USD
Region Futures
Weight -6.25%

Top Holdings

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

Recent Distributions

Ex-Dividend Date 06/26/2017
Record Date 06/28/2017
Payable Date 06/30/2017
Ordinary Income $0.25000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.25000
Ex-Dividend Date 05/22/2017
Record Date 05/24/2017
Payable Date 05/26/2017
Ordinary Income $0.25000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.25000
Ex-Dividend Date 04/24/2017
Record Date 04/26/2017
Payable Date 04/28/2017
Ordinary Income $0.25000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.25000
Ex-Dividend Date 03/27/2017
Record Date 03/29/2017
Payable Date 03/31/2017
Ordinary Income $0.24000
Short Term Capital Gains $0.00000
Long Term Capital Gains $0.00000
Return of Capital $0.00000
Total Distribution $0.24000

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. 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."
  • 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. Foreside Fund Services, LLC is not affiliated with the entities mentioned.

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.