WCLD
WisdomTree Cloud Computing Fund
The WisdomTree Cloud Computing Fund seeks to track the price and yield performance, before fees and expenses, of the BVP Nasdaq Emerging Cloud Index, an equally weighted Index designed to measure the performance of emerging public companies focused on delivering cloud-based software to customers.
Why WCLD?
- Gain targeted exposure to emerging, fast-growing U.S.-listed companies (including ADRs) that are primarily focused on cloud software and services
- Use to replace or complement growth-oriented and technology sector investment strategies
- Use it to satisfy demand for prospective high growth companies, with the potential for better sales growth, margins, and operating leverage.
Fund Overview
| Profile |
As of 03/23/2023
|
|---|---|
| Expense Ratio | 0.45% |
| CUSIP | 97717Y691 |
| Total Assets (000) | $630,036.29 |
| Shares Outstanding | 22,525,000 |
| Distribution Yield | 0.00% |
| SEC 30-day Yield (Subsidized) | -0.39% |
| Options Available | Yes |
| Inception Date | 09/06/2019 |
| Trading Information |
As of 03/23/2023
|
|---|---|
| 30-Day Average Daily Volume | 227,937 |
| Implied LiquidityTM (Shares) | 4,185,444 |
| Implied Liquidity (000) | $117,069.11 |
| Lead Market Maker | Jane Street |
| Related index Symbol | EMCLOUD |
| NAV Symbol | WCLD.NV |
| Shares Out. Symbol | WCLD.SO |
Market Capitalization
|
As of 03/23/2023
|
|
|---|---|
| Total Market Capitalization ($ Trillion) | 1.10 |
| Fund MarketCap Breakdown | |
| Large Cap (> $10 Billion) | 31.79% |
| Mid Cap (≥ $2 Billion and ≤ $10 Billion) | 44.86% |
| Small Cap (< $2 Billion) | 23.34% |
Portfolio Characteristics
|
As of 03/23/2023
|
|
|---|---|
| Dividend Yield | 0.00 |
| Price/Earnings | -25.15 |
| Estimated Price/Earnings | 82.17 |
| Price/Book | 5.40 |
| Price/Sales | 5.01 |
| Price/Cash Flow | 83.06 |
| Gross Buyback Yield | 1.30 |
| Net Buyback Yield | 0.48 |
Total Returns
| Total Returns | |||
|---|---|---|---|
|
Month End Performance (02/28/2023) |
Underlying Index Returns | NAV Returns | Market Price Returns |
| Cumulative | |||
| 1 Month | -1.06% | -1.11% | -1.15% |
| 3 Month | 10.56% | 10.43% | 10.52% |
| YTD | 13.39% | 13.29% | 13.16% |
| Since Inception* | 14.76% | 13.25% | 13.21% |
| Average Annual | |||
| 1 Year | -32.11% | -32.36% | -31.69% |
| 3 Year | 1.67% | 1.33% | 1.48% |
| 5 Year | N/A | N/A | N/A |
| 10 Year | N/A | N/A | N/A |
| Since Inception* | 4.03% | 3.64% | 3.63% |
| Total Returns | |||
|---|---|---|---|
|
Quarter End Performance (12/31/2022) |
Underlying Index Returns | NAV Returns | Market Price Returns |
| Cumulative | |||
| Since Inception* | 1.21% | -0.04% | 0.04% |
| Average Annual | |||
| 1 Year | -51.53% | -51.71% | -51.67% |
| 3 Year | -0.34% | -0.67% | -0.66% |
| 5 Year | N/A | N/A | N/A |
| 10 Year | N/A | N/A | N/A |
| Since Inception* | 0.36% | -0.01% | 0.01% |
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 (02/28/2023) |
After Tax Held | After Tax Sold |
| Cumulative | ||
| 1 Month | -1.11% | -0.66% |
| 3 Month | 10.43% | 6.17% |
| Since Inception* | 13.25% | 10.10% |
| Average Annual | ||
| 1 Year | -32.36% | -19.16% |
| 3 Year | 1.33% | 1.01% |
| 5 Year | N/A | N/A |
| 10 Year | N/A | N/A |
| Since Inception* | 3.64% | 2.80% |
| After Tax Returns | ||
|---|---|---|
| Quarter End Performance (12/31/2022) |
After Tax Held | After Tax Sold |
| Cumulative | ||
| Since Inception* | -0.04% | -0.03% |
| Average Annual | ||
| 1 Year | -51.71% | -30.61% |
| 3 Year | -0.67% | -0.51% |
| 5 Year | N/A | N/A |
| 10 Year | N/A | N/A |
| Since Inception* | -0.01% | -0.01% |
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.
Country Allocation
| Country Allocation | |
|---|---|
| Country | Weight |
| 1. United States | 94.16% |
| 2. Israel | 4.29% |
| 3. Canada | 1.55% |
Premium/Discount
i
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.
The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated. IMPORTANT NOTE: The horizontal bar for ≥ 0.0 up to 0.5 includes the days that the Fund’s market price matched its NAV (that is, there was no premium or discount so the "premium/discount" percentage equaled zero.)
The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated. IMPORTANT NOTE: The horizontal bar for ≥ 0.0 up to 0.5 includes the days that the Fund’s market price matched its NAV (that is, there was no premium or discount so the "premium/discount" percentage equaled zero.)
Holdings
Sector Breakdown
Recent Distributions
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Important Risk Information
There are risks associated with investing, including possible loss of principal. The Fund invests in cloud computing companies, which are heavily dependent on the Internet and utilizing a distributed network of servers over the Internet. Cloud computing companies may have limited product lines, markets, financial resources or personnel and are subject to the risks of changes in business cycles, world economic growth, technological progress, and government regulation. These companies typically face intense competition and potentially rapid product obsolescence. Additionally, many cloud computing companies store sensitive consumer information and could be the target of cybersecurity attacks and other types of theft, which could have a negative impact on these companies and the Fund. Securities of cloud computing companies tend to be more volatile than securities of companies that rely less heavily on technology and, specifically, on the Internet. Cloud computing companies can typically engage in significant amounts of spending on research and development, and rapid changes to the field could have a material adverse effect on a company’s operating results. The composition of the Index is heavily dependent on quantitative and qualitative information and data from one or more third parties and the Index may not perform as intended. Please read the Fund's prospectus for specific details regarding the Fund's risk profile.
THE INFORMATION SET FORTH IN THE BVP NASDAQ EMERGING CLOUD INDEX IS NOT INTENDED TO BE, AND SHALL NOT BE REGARDED OR CONSTRUED AS, A RECOMMENDATION FOR A TRANSACTION OR INVESTMENT OR FINANCIAL, TAX, INVESTMENT OR OTHER ADVICE OF ANY KIND BY BESSEMER VENTURE PARTNERS. BESSEMER VENTURE PARTNERS DOES NOT PROVIDE INVESTMENT ADVICE TO WISDOM TREE OR THE FUND, IS NOT AN INVESTMENT ADVISER TO THE FUND AND IS NOT RESPONSIBLE FOR THE PERFORMANCE OF THE FUND. THE FUND IS NOT ISSUED, SPONSORED, ENDORSED OR PROMOTED BY BESSEMER VENTURE PARTNERS. BESSEMER VENTURE PARTNERS MAKES NO WARRANTY OR REPRESENTATION REGARDING THE QUALITY, ACCURACY OR COMPLETENESS OF THE BVP NASDAQ EMERGING CLOUD INDEX, INDEX VALUES OR ANY INDEX RELATED DATA INCLUDED HEREIN, PROVIDED HEREWITH OR DERIVED THEREFROM AND ASSUMES NO LIABILITY IN CONNECTION WITH ITS USE. BESSEMER VENTURE PARTNERS AND/OR POOLED INVESTMENT VEHICLES WHICH IT MANAGES, AND INDIVIDUALS AND ENTITIES AFFILIATED WITH SUCH VEHICLES, MAY PURCHASE, SELL OR HOLD SECURITIES OF ISSUERS THAT ARE CONSTITUENTS OF THE BVP NASDAQ EMERGING CLOUD INDEX FROM TIME TO TIME AND AT ANY TIME, INCLUDING IN ADVANCE OF OR FOLLOWING AN ISSUER BEING ADDED TO OR REMOVED FROM THE BVP NASDAQ EMERGING CLOUD INDEX.
Nasdaq® and the BVP Nasdaq Emerging Cloud Index are registered trademarks and service marks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by WisdomTree. The fund has not been passed on by the Corporations as to its legality or suitability. The fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
- 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"
WisdomTree Funds are distributed by Foreside Fund Services, LLC in the U.S. only.
Neither WisdomTree, 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.
