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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$31.03

$794 M

0.00%

$0.00

0.32%

Vitals

YTD Return

-10.7%

1 yr return

-21.9%

3 Yr Avg Return

-11.3%

5 Yr Avg Return

-6.6%

Net Assets

$794 M

Holdings in Top 10

40.7%

52 WEEK LOW AND HIGH

$31.3
$26.75
$43.23

Expenses

OPERATING FEES

Expense Ratio 0.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$31.03

$794 M

0.00%

$0.00

0.32%

CXSE - Profile

Distributions

  • YTD Total Return -10.7%
  • 3 Yr Annualized Total Return -11.3%
  • 5 Yr Annualized Total Return -6.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    WisdomTree China ex-State-Owned Enterprises Fund
  • Fund Family Name
    WisdomTree
  • Inception Date
    Sep 19, 2012
  • Shares Outstanding
    20350000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Marlene Walker-Smith

Fund Description

The Fund employs a “passive management” – or indexing – investment approach designed to track the performance of the Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in component securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities.
The Index is a modified float-adjusted market cap weighted index that consists of common stocks in China, excluding common stocks of “state-owned enterprises.” WisdomTree Investments, Inc. (“WisdomTree Investments”), as index provider, defines state-owned enterprises as companies with over 20% government ownership. The Index consists of companies that: (i) are incorporated or domiciled (i.e., maintain their principal place of business) in China; (ii) list shares on a stock exchange in Hong Kong or the United States; (iii) have a float-adjusted market capitalization of at least $1 billion as of the annual Index screening date (“float-adjusted” means that the share amounts reflect only shares available to investors); (iv) have an average daily dollar trading volume of at least $100,000 for the three months preceding the annual Index screening date; (v) trade at least 
250,000 shares per month or $25 million notional for each of the six months preceding the annual Index screening date; and (vi) are not state-owned enterprises as of the annual Index screening date. 
The Index also excludes companies based on environmental, social and governance (“ESG”) criteria. The ESG criteria seeks to exclude from the eligible investment universe companies that (i) violate, or are at risk of violating, certain commonly accepted international norms and standards, such as United Nations and the Global Standards Screening (“GSS”) guidelines; (ii) are significantly involved in controversial weapons, such as biological, chemical, cluster, nuclear or white phosphorous weapons or in anti-personnel mines; (iii) are significantly involved in the tobacco industry; (iv) are significantly involved in thermal coal activity, such as coal mining and exploration and coal-based power generation; or (v) do not meet such other ESG criteria as detailed in the Index methodology. 
The Index also consists of the 100 largest companies by float-adjusted market capitalization that are incorporated in mainland China, listed and traded on the Shanghai Stock Exchange (“SSE”) or Shenzhen Stock Exchange (“SZSE”) via the Shanghai-Hong Kong or Shenzhen-Hong Kong Stock Connect (“Stock Connect”) programs in Chinese renminbi (“A-Shares”) and meet the trading requirements set forth above. Stock Connect is a securities trading and clearing linked program between either SSE or SZSE, and the Stock Exchange of Hong Kong Limited (“SEHK”), Hong Kong Securities Clearing Company Limited (“HKSCC”), and China Securities Depository and Clearing Corporation Limited (“ChinaClear”), with an aim to achieve mutual stock market access between the People’s Republic of China (“PRC”) and Hong Kong. The maximum weight of China A-Shares in the Index, at the time of the Index’s annual screening date, is capped at 33%; however, the weight of China A-Shares in the Index may fluctuate above the cap in response to market conditions and/or the application of volume factor adjustments, as described below. 
Securities are weighted in the Index based on float-adjusted market capitalization, as modified pursuant to certain limitations set forth below. At the time of the Index’s annual screening date, the maximum weight of any security in the Index is capped at 10% and the maximum weight of any one sector in the Index is capped at 30%, subject to the following volume factor adjustments. Security and/or sector weights may fluctuate above the specified cap in response to market conditions and/or the application of volume factor adjustments. The Index methodology applies a volume factor adjustment to reduce a component security’s weight in the Index and reallocate the reduction in weight pro rata among the other securities if, as of the annual Index screening date, a component security no longer meets certain trading volume thresholds. 
WisdomTree Investments, Inc. (“WisdomTree Investments”), as Index provider, currently uses Standard & Poor’s Global Industry Classification Standards (“S&P GICS”) to define companies within a sector. The following sectors are included in the Index: communication services, consumer discretionary, consumer staples, energy, health care, industrials, information technology, materials, real estate, and utilities. A sector is comprised of multiple industries. For example, the energy sector is comprised of companies in, among others, the natural gas, oil and petroleum industries. As of June 30, 2022, companies in the consumer discretionary and communication services sectors comprised a significant portion of the Index. 
To the extent the Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent as the Index.
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CXSE - Performance

Return Ranking - Trailing

Period CXSE Return Category Return Low Category Return High Rank in Category (%)
YTD -10.7% -16.7% 11.8% 91.54%
1 Yr -21.9% -35.2% 19.7% 73.77%
3 Yr -11.3%* -23.1% 23.2% 58.42%
5 Yr -6.6%* -18.1% 15.1% 43.53%
10 Yr 3.8%* -13.3% 11.9% 10.53%

* Annualized

Return Ranking - Calendar

Period CXSE Return Category Return Low Category Return High Rank in Category (%)
2022 -29.3% -40.5% 25.8% 75.83%
2021 -12.6% -28.6% 30.5% 78.76%
2020 16.8% -6.6% 33.6% 9.09%
2019 8.4% -34.7% 11.1% 6.19%
2018 -6.5% -13.7% 32.0% 75.61%

Total Return Ranking - Trailing

Period CXSE Return Category Return Low Category Return High Rank in Category (%)
YTD -10.7% -26.8% 11.8% 91.54%
1 Yr -21.9% -35.2% 19.7% 73.77%
3 Yr -11.3%* -23.1% 23.2% 58.42%
5 Yr -6.6%* -16.2% 15.1% 50.59%
10 Yr 3.8%* -13.3% 11.9% 26.32%

* Annualized

Total Return Ranking - Calendar

Period CXSE Return Category Return Low Category Return High Rank in Category (%)
2022 -29.3% -40.5% 25.8% 75.83%
2021 -12.6% -28.6% 30.5% 78.76%
2020 16.8% -6.6% 33.6% 9.09%
2019 8.4% -34.7% 11.1% 6.19%
2018 -6.5% -13.7% 32.0% 79.27%

CXSE - Holdings

Concentration Analysis

CXSE Category Low Category High CXSE % Rank
Net Assets 794 M 1.4 M 6.58 B 12.21%
Number of Holdings 250 6 961 8.59%
Net Assets in Top 10 322 M 706 K 4.22 B 14.06%
Weighting of Top 10 40.66% 6.6% 99.9% 75.00%

Top 10 Holdings

  1. Alibaba Group Holding Ltd ADR 14.66%
  2. Tencent Holdings Ltd 13.46%
  3. Tencent Holdings Ltd 13.46%
  4. Tencent Holdings Ltd 13.46%
  5. Tencent Holdings Ltd 13.46%
  6. Tencent Holdings Ltd 13.46%
  7. Tencent Holdings Ltd 13.46%
  8. Tencent Holdings Ltd 13.46%
  9. Tencent Holdings Ltd 13.46%
  10. Tencent Holdings Ltd 13.46%

Asset Allocation

Weighting Return Low Return High CXSE % Rank
Stocks
99.82% 0.00% 102.18% 17.83%
Bonds
0.18% 0.00% 69.90% 3.88%
Preferred Stocks
0.00% 0.00% 0.00% 52.34%
Other
0.00% 0.00% 47.32% 61.72%
Convertible Bonds
0.00% 0.00% 0.15% 56.25%
Cash
0.00% -2.18% 11.89% 92.97%

Stock Sector Breakdown

Weighting Return Low Return High CXSE % Rank
Consumer Cyclical
32.28% 0.00% 95.37% 15.63%
Communication Services
19.02% 0.00% 91.25% 14.84%
Technology
10.19% 0.00% 94.15% 47.66%
Healthcare
10.09% 0.00% 100.00% 24.22%
Industrials
8.81% 0.00% 96.93% 54.69%
Financial Services
6.96% 0.00% 99.75% 71.09%
Consumer Defense
5.75% 0.00% 97.46% 64.84%
Basic Materials
3.31% 0.00% 92.11% 49.22%
Real Estate
2.47% 0.00% 99.07% 50.00%
Utilities
0.76% 0.00% 89.15% 39.84%
Energy
0.35% 0.00% 90.86% 42.19%

Stock Geographic Breakdown

Weighting Return Low Return High CXSE % Rank
Non US
99.48% 51.72% 100.37% 26.56%
US
0.34% -0.04% 9.07% 30.47%

Bond Sector Breakdown

Weighting Return Low Return High CXSE % Rank
Corporate
100.00% 0.00% 100.00% 0.82%
Derivative
0.00% 0.00% 47.58% 55.74%
Cash & Equivalents
0.00% 0.00% 100.00% 100.00%
Securitized
0.00% 0.00% 0.00% 53.28%
Municipal
0.00% 0.00% 0.00% 53.28%
Government
0.00% 0.00% 0.00% 53.28%

Bond Geographic Breakdown

Weighting Return Low Return High CXSE % Rank
US
0.18% 0.00% 0.18% 0.78%
Non US
0.00% 0.00% 3.62% 53.91%

CXSE - Expenses

Operational Fees

CXSE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.32% 0.09% 3.14% 97.69%
Management Fee 0.32% 0.09% 1.50% 3.82%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.06% 0.26% N/A

Sales Fees

CXSE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CXSE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CXSE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 4.00% 278.00% 35.05%

CXSE - Distributions

Dividend Yield Analysis

CXSE Category Low Category High CXSE % Rank
Dividend Yield 0.00% 0.00% 22.09% 23.66%

Dividend Distribution Analysis

CXSE Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

CXSE Category Low Category High CXSE % Rank
Net Income Ratio 1.10% -1.76% 4.74% 20.00%

Capital Gain Distribution Analysis

CXSE Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CXSE - Fund Manager Analysis

Managers

Marlene Walker-Smith


Start Date

Tenure

Tenure Rank

Oct 26, 2020

1.59

1.6%

Marlene is head of equity index portfolio management. She leads the team of equity index portfolio managers managing US and non-US equity index portfolios and is responsible for the refinement and implementation of the entire equity index portfolio management process. Previously, Marlene served as a senior portfolio manager within the equity index team and prior to joining the equity index team was an equity trader for the firm. Prior to joining the firm in 1995, Marlene was a trader for Banc One Investment Advisors Corporation and a brokerage services manager for Mid Atlantic Capital Corporation. Marlene has been in the investment industry since 1990. Marlene earned an MBA in finance from the University of Pittsburgh and a BA in history and Russian from Washington & Jefferson College.

David France


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Mr. France is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2009.

Todd Frysinger


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Mr. Frysinger is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2007.

Vlasta Sheremeta


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Ms. Sheremeta is a vice president and senior portfolio manager at Mellon. She has been employed by Mellon or a predecessor company since 2011.

Michael Stoll


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Mr. Stoll is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.32 4.11 3.22