WisdomTree Enhanced Commodity Strategy Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
15.6%
1 yr return
13.7%
3 Yr Avg Return
5.3%
5 Yr Avg Return
8.8%
Net Assets
$125 M
Holdings in Top 10
85.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.55%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GCC - Profile
Distributions
- YTD Total Return 15.6%
- 3 Yr Annualized Total Return 5.3%
- 5 Yr Annualized Total Return 8.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.52%
- Dividend Yield 4.6%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameWisdomTree Enhanced Commodity Strategy Fund
-
Fund Family NameWisdomTree Trust
-
Inception DateDec 21, 2020
-
Shares Outstanding13650000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Stavena
Fund Description
A. | WisdomTree Enhanced Commodity Strategy Fund |
As of the Effective Date, the third paragraph under the heading “Principal Investment Strategies of the Fund” in the Fund’s Prospectuses is hereby deleted in its entirety and replaced with the paragraph below.
In addition to commodity futures contracts, the Fund may invest up to 10% of its net assets in any combination of shares of one or more exchange-traded products that primarily hold bitcoin (each, a “bitcoin ETP” and collectively, “bitcoin ETPs”) and bitcoin futures contracts. The Fund will invest only in cash-settled bitcoin futures contracts traded on the Chicago Mercantile Exchange, which is a futures exchange registered with the Commodity Futures Trading Commission, and shares of bitcoin ETPs listed on a U.S. national securities exchange. The Fund may invest in the WisdomTree Bitcoin Fund (BTCW), a bitcoin ETP sponsored by an affiliate of the Adviser. Bitcoin is a digital asset (i.e., a cryptocurrency) whose ownership and behavior are determined by participants in an online, peer-to-peer network that connects computers that run publicly accessible, or “open source,” software that follows the rules and procedures governing the Bitcoin network. For ease of reference, disclosure related to commodities and commodity-linked derivatives in this Prospectus is intended to also apply to the Fund’s indirect investments in bitcoin, bitcoin ETPs, and bitcoin futures. The Fund will not invest in bitcoin directly.
GCC - Performance
Return Ranking - Trailing
Period | GCC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.6% | -25.3% | 29.4% | 11.72% |
1 Yr | 13.7% | -36.7% | 34.1% | 11.72% |
3 Yr | 5.3%* | -38.1% | 277.7% | 33.33% |
5 Yr | 8.8%* | -28.8% | 134.0% | 39.84% |
10 Yr | 1.1%* | -27.1% | 47.3% | 55.06% |
* Annualized
Return Ranking - Calendar
Period | GCC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.1% | -64.0% | 30.1% | 38.28% |
2022 | -12.5% | -40.8% | 2475.6% | 79.53% |
2021 | 9.3% | -23.3% | 106.7% | 43.65% |
2020 | 1.4% | -71.9% | 295.5% | 41.46% |
2019 | 7.1% | -31.8% | 53.9% | 47.54% |
Total Return Ranking - Trailing
Period | GCC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.6% | -25.3% | 29.4% | 11.72% |
1 Yr | 13.7% | -36.7% | 34.1% | 11.72% |
3 Yr | 5.3%* | -38.1% | 277.7% | 33.33% |
5 Yr | 8.8%* | -28.8% | 134.0% | 39.84% |
10 Yr | 1.1%* | -27.1% | 47.3% | 55.06% |
* Annualized
Total Return Ranking - Calendar
Period | GCC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -3.7% | -64.0% | 41.1% | 34.38% |
2022 | 7.6% | -15.1% | 5648.8% | 85.04% |
2021 | 19.9% | -23.3% | 188.1% | 76.98% |
2020 | 1.4% | -67.8% | 296.1% | 43.90% |
2019 | 7.1% | -31.8% | 53.9% | 66.39% |
GCC - Holdings
Concentration Analysis
GCC | Category Low | Category High | GCC % Rank | |
---|---|---|---|---|
Net Assets | 125 M | 2.34 M | 27.6 B | 70.70% |
Number of Holdings | 34 | 1 | 1009 | 63.28% |
Net Assets in Top 10 | 107 M | 2.66 M | 30.7 B | 81.25% |
Weighting of Top 10 | 85.51% | 20.9% | 169.5% | 42.74% |
Top 10 Holdings
- U.S. Treasury Bills 75.42%
- WisdomTree Floating Rate Treasury Fund 4.51%
- WisdomTree Bitcoin Fund 3.31%
- LME COPPER FUTURE DEC25 1.05%
- GOLD 100 OZ FUTR DEC24 0.59%
- LME PRI ALUM FUTR DEC24 0.23%
- LME TIN FUTURE MAR25 0.20%
- SILVER FUTURE DEC24 0.07%
- GASOLINE RBOB FUT DEC24 0.06%
- COFFEE 'C' FUTURE MAY25 0.05%
Asset Allocation
Weighting | Return Low | Return High | GCC % Rank | |
---|---|---|---|---|
Bonds | 75.42% | 0.00% | 127.91% | 21.09% |
Cash | 19.84% | 0.00% | 101.92% | 56.35% |
Stocks | 7.82% | 0.00% | 49.72% | 19.53% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 32.54% |
Convertible Bonds | 0.00% | 0.00% | 3.89% | 51.20% |
Other | -3.08% | -7.17% | 100.19% | 93.65% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GCC % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 27.00% | N/A |
Technology | 0.00% | 0.00% | 2.77% | N/A |
Real Estate | 0.00% | 0.00% | 13.82% | N/A |
Industrials | 0.00% | 0.00% | 23.28% | N/A |
Healthcare | 0.00% | 0.00% | 1.73% | N/A |
Financial Services | 0.00% | 0.00% | 13.67% | N/A |
Energy | 0.00% | 0.00% | 33.64% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 12.04% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 3.41% | N/A |
Basic Materials | 0.00% | 0.00% | 47.41% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GCC % Rank | |
---|---|---|---|---|
US | 7.82% | 0.00% | 32.22% | 19.84% |
Non US | 0.00% | 0.00% | 28.52% | 37.30% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GCC % Rank | |
---|---|---|---|---|
Government | 100.00% | 0.00% | 100.00% | 0.88% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 95.61% |
Securitized | 0.00% | 0.00% | 19.62% | 50.44% |
Corporate | 0.00% | 0.00% | 42.72% | 62.83% |
Municipal | 0.00% | 0.00% | 1.45% | 31.86% |
Derivative | -3.08% | -7.17% | 100.19% | 85.09% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GCC % Rank | |
---|---|---|---|---|
US | 75.42% | 0.00% | 116.12% | 21.43% |
Non US | 0.00% | 0.00% | 12.98% | 37.30% |
GCC - Expenses
Operational Fees
GCC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.55% | 0.21% | 5.23% | 92.00% |
Management Fee | 0.55% | 0.00% | 1.75% | 33.12% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.05% | 0.45% | N/A |
Sales Fees
GCC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
GCC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
GCC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 162.00% | 3.18% |
GCC - Distributions
Dividend Yield Analysis
GCC | Category Low | Category High | GCC % Rank | |
---|---|---|---|---|
Dividend Yield | 4.60% | 0.00% | 19.94% | 31.21% |
Dividend Distribution Analysis
GCC | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
GCC | Category Low | Category High | GCC % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.52% | -55.71% | 52.26% | 48.00% |
Capital Gain Distribution Analysis
GCC | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 28, 2024 | $0.440 | OrdinaryDividend |
Dec 22, 2023 | $0.225 | OrdinaryDividend |
Oct 25, 2023 | $0.399 | OrdinaryDividend |
Dec 23, 2022 | $0.079 | OrdinaryDividend |
Oct 25, 2022 | $4.018 | OrdinaryDividend |
Dec 07, 2021 | $0.000 | CapitalGainShortTerm |
Oct 08, 2021 | $2.032 | OrdinaryDividend |
GCC - Fund Manager Analysis
Managers
James Stavena
Start Date
Tenure
Tenure Rank
Dec 21, 2020
1.44
1.4%
James is a member of Newton’s asset allocation portfolio management team. Since joining in 1998, James has been the lead portfolio manager for the Dynamic US Equity (DUSE) strategy. In his current role, James also manages a team of portfolio managers responsible for the implementation of global multi-asset, custom rules-based, and options-based strategies. James is a key contributor to the development, refinement and risk management of all asset allocation investment strategies and signals. Drawing from his extensive experience, he focuses on the use of derivatives in quantitative investment strategies, as well as 1940 Act and UCITS III implementations of multi-asset strategies. James joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, was a portfolio manager and senior portfolio manager at Mellon Investments Corporation and Mellon Capital (both BNY Mellon group companies). Earlier in his career, James was a currency options trader with both Credit Suisse First Boston and HSBC in New York and London, respectively. James has an MBA from Rice University.
Vassilis Dagioglu
Start Date
Tenure
Tenure Rank
Dec 21, 2020
1.44
1.4%
Vassilis is the head of portfolio management for multi-asset solutions. In his current role, he oversees the portfolio management team responsible for global multi-asset strategies including Dynamic Total Return, Dynamic Equity, Dynamic Growth, Active Commodities and SmartPath Target Date Funds. Vassilis and his team leverage their long experience in designing and implementing systematic multi-asset products and tailored solutions to help clients achieve a variety of investment objectives. Vassilis joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Vassilis was the head of portfolio management for multi-asset solutions, a senior portfolio manager and portfolio manager at Mellon Investments Corporation and Mellon Capital (both BNY Mellon group companies). Prior to joining BNY Mellon, Vassilis designed and implemented financial information systems and consulted on enterprise-information application development at IBM Global Services and Sybase. Vassilis has a BS in Computer Science from the University of Athens and an MBA in Finance from the University of California at Berkeley.
Torrey Zaches
Start Date
Tenure
Tenure Rank
Sep 01, 2021
0.75
0.8%
Torrey is a member of Newton’s asset allocation portfolio management team. In his current role, Torrey is responsible for overseeing a team of portfolio managers covering multi-asset strategies, with a focus on global total return and tail-risk hedging portfolios. Torrey is responsible for the implementation of these strategies, including strategy refinements, risk management and portfolio management efficiencies. Torrey joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Torrey was a portfolio manager and senior portfolio manager at Mellon Investments Corporation and Mellon Capitol (both BNY Mellon group companies). Prior to joining BNY Mellon, Torrey worked at Mercer Global Advisors providing global asset allocation investment solutions to small businesses and high net worth clients. Torrey has a BA in Economics from the University of California at Santa Barbara and an MBA from the University of Southern California. He received his CFA designation in 1997 and is a member of the CFA Institute.
Dimitri Curtil
Start Date
Tenure
Tenure Rank
Sep 01, 2021
0.75
0.8%
Dimitri is Newton’s global head of multi-asset solutions. In addition to overseeing the team of portfolio managers and researchers responsible for the firm’s systematic multi-asset strategies, Dimitri also leads the development and enhancement of the research underpinning the firm’s multi-asset strategies. Dimitri’s specific areas of research include absolute return and total return strategies as well as risk parity, alternative risk premia and tail-risk hedging solutions. Dimitri joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Dimitri was chief investment officer and head of multi-asset strategies, head of asset allocation research, a senior research analyst and research analyst at Mellon Investments Corporation and Mellon Capital (both BNY Mellon group companies). Prior to joining BNY Mellon, he worked as a computational systems engineer at Lawrence Berkeley National Lab. Dimitri has an MS in Computer Science from Imperial College in London and an MSc in Mechanical Engineering from Zurich Federal Institute of Technology.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.33 | 17.03 | 6.11 | 11.51 |