DDEZ
WisdomTree Dynamic Currency Hedged Europe Equity Fund

Add this fund to My WisdomTree Add this fund to My WisdomTree
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

For Financial Professionals only. Please or Register to access this material.

Dynamic Currency Hedging Blog Posts arrow

Dynamic Currency Hedging Snapshot arrow

Fund Overview

  • As of 09/23/2016
Profile
Expense Ratio
Net Expense Ratio, amount charged to shareholder1 0.43%
Gross Expense Ratio 0.48%
CUSIP 97717X255
Total Assets (000) $4,996.50
Shares Outstanding 200,004
Distribution Yield 3.36 %
SEC 30–day Yield 3.43 %
Options Available* No
Inception Date 01/07/2016
Trading Information
30-Day Average Daily Volume 48
Implied LiquidityTM (Shares) 2,896,693
Implied Liquidity (000) $72,359.42
Lead Market Maker Jane Street
Related Index Symbol WTEDHD
NAV Symbol DDEZ.NV
IOPV Symbol DDEZ.IV
Shares Out. Symbol DDEZ.SO
  • *Options are not suitable for all investors.
1The Net Expense Ratio reflects a contractual waiver of 0.05% through January 5th, 2017.

Net Asset Value

As of 09/23/2016
  • As of 9/26/2016
  • Quotes Delayed ~ 15 mins
Net Asset Value
NAV $24.98
Change ($0.18)
Change % -0.72%
Price
Price $24.90
Change (-$0.21)
Change % -0.84%
Volume 0

Total Returns

  • View After Tax Returns
Month End Performance
(08/31/2016)
Underlying Index Returns NAV Returns Market Price Returns
Cumulative
1 Month 1.22% 1.19% 1.14%
3 Month -0.50% -0.53% -0.30%
Since Inception* 4.36% 4.31% 5.79%
Average Annual
1 Year N/A 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* 4.36% N/A N/A
Quarter End Performance
(06/30/2016)
Underlying Index Returns NAV Returns Market Price Returns
Cumulative
Since Inception* -1.82% -1.81% 0.47%
Average Annual
1 Year N/A 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* -1.82% N/A N/A

After Tax Returns

  • View Total Returns
Month End Performance
(08/31/2016)
After Tax Held After Tax Sold
Cumulative
1 Month 1.19% 0.67%
3 Month -1.48% -0.31%
Since Inception* 3.28% 2.43%
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
Quarter End Performance
(06/30/2016)
After Tax Held After Tax Sold
Cumulative
Since Inception* -2.78% -1.00%
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
  • *Fund Inception Date 01/07/2016.
  • 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 Weight
1. Anheuser-Busch InBev NV 4.14%
2. Telefonica SA 2.87%
3. Total SA 2.80%
4. Daimler AG 2.62%
5. Siemens AG 2.49%
6. Allianz SE 1.99%
7. Banco Santander SA 1.96%
8. BASF SE 1.94%
9. ENI SpA 1.90%
10. Ing Groep NV-CVA 1.82%
  • *Holdings are subject to change without notice.

Currency Forward Positions

Trading Currency Contract Value Market Value Gain/Loss
Short EUR vs USD ($2,475,478.00) ($2,491,496.60) ($16,018.60)

Hedge Ratio

  • As of 09/23/2016
   
Aggregate Hedge Ratio 49.84%
  • View All Hedge Ratios arrow
  • *Hedge ratios are implemented after the close of trading on the last business day of each month.

Sector Breakdown

  • As of 09/23/2016
Name Weight
1. Financials 24.36%
2. Industrials 13.70%
3. Consumer Discretionary 13.04%
4. Consumer Staples 10.64%
5. Utilities 9.55%
6. Energy 6.76%
7. Telecommunication Services 6.70%
8. Materials 6.59%
9. Health Care 4.64%
10. Information Technology 4.01%

Country Allocation

  • As of 09/23/2016
Country Weight
1. Germany 25.71%
2. France 25.08%
3. Spain 15.86%
4. Italy 10.01%
5. Netherlands 9.36%
6. Belgium 6.17%
7. Finland 4.96%
8. Austria 1.10%
9. Portugal 1.04%
10. Ireland 0.70%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
09/26/2016 09/28/2016 09/30/2016 $0.21000 $0.00000 $0.00000 $0.00000 $0.21000
06/20/2016 06/22/2016 06/24/2016 $0.54500 $0.00000 $0.00000 $0.00000 $0.54500
03/21/2016 03/23/2016 03/28/2016 $0.02000 $0.00000 $0.00000 $0.00000 $0.02000