WisdomTree New Economy Real Estate Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-5.9%
1 yr return
3.5%
3 Yr Avg Return
-11.0%
5 Yr Avg Return
-7.8%
Net Assets
$19.9 M
Holdings in Top 10
50.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.58%
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 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WTRE - Profile
Distributions
- YTD Total Return -5.9%
- 3 Yr Annualized Total Return -11.0%
- 5 Yr Annualized Total Return -7.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 1.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameWisdomTree New Economy Real Estate Fund
-
Fund Family NameWisdomTree Trust
-
Inception DateJun 05, 2007
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMarlene 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 provided by CenterSquare Investment Management LLC (“CenterSquare”). The Index selects constituents from a parent universe of global equity securities, including American Depositary Receipts (“ADRs”), of listed real estate investment trusts (“REITs”) and companies identified as being significantly real estate related. Real estate-related companies are companies that derive at least 75% of their revenue from real estate rental revenue or from supplying goods or services to commercial or residential property owners that relate to the development, management, maintenance, lease, rental, or sale of such real estate. To be eligible for inclusion in the Index, a security must: (i) have a market capitalization of at least $500 million; (ii) have a 90-day average trading volume above $4 million per day; and (iii) list shares on a national stock exchange in the United States, Australia, Canada, Europe (i.e., Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, or the United Kingdom), Hong Kong, Israel, or Singapore, or on the Tokyo Stock Exchange.
The eligible constituents are then further screened based on a proprietary technology score (described below) and a leverage screening to identify REITs and companies identified as being significantly real estate related, which are exposed to the technology and science-related aspects of the “new economy.” The “new economy” is comprised of companies associated with cloud computing, logistics and supply chain management, and life sciences. The Index is comprised of companies that derive at least 50% of their revenues or profits from, or invest at least 50% of their assets in, products or services related to the new economy.
Each constituent is assigned a technology score based on various factors, including (1) the amount of revenue generated from research and development (R&D), telecommunications, or other activities related to the technology and life science industries, either directly from the company’s operations or indirectly through its lease of real estate to tenants engaged in such activities, and (2) the extent to which the constituent and/or its tenants enable or are exposed to the sciences, e-commerce, and/or new economy logistics, including supply chain and warehouse management. The Index selects the highest scoring constituents for inclusion in the Index by performing analysis and assigning a value to pre-defined evaluation criteria for each constituent.
Constituents are then further screened to eliminate highly levered companies with debt to total market capitalization above 70%.
The output of the above screening process creates the Index’s investable universe of securities. In accordance with its rules-based methodology, the Index selects the constituents with the highest technology scores for inclusion in the Index. The initial weights of the remaining constituents are determined by the free float market capitalizations of the securities. These weights are then adjusted using a formula that reweights the constituents based on a combination of the technology score described above and the constituent’s growth and valuation rank (collectively referred to as the “New Economy Score”). As a result, securities with strong growth and/or value characteristics, in accordance with the Index, are overweighted in the Index based on their New Economy Scores. The weight of any single security in the Index is limited to no more than 7.5% at the time of the Index rebalance.
The Index is reconstituted and rebalanced on a semi-annual basis.
The Index concentrates in REITs and companies in the real estate sector.
WTRE - Performance
Return Ranking - Trailing
Period | WTRE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.9% | -31.3% | 12.4% | N/A |
1 Yr | 3.5% | -34.4% | -0.3% | 91.41% |
3 Yr | -11.0%* | -22.3% | 5.4% | 84.97% |
5 Yr | -7.8%* | -16.8% | 14.8% | 56.42% |
10 Yr | -0.5%* | -8.1% | 8.1% | 2.80% |
* Annualized
Return Ranking - Calendar
Period | WTRE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.5% | -43.9% | 22.3% | 5.08% |
2022 | -32.7% | -16.6% | 37.5% | 0.52% |
2021 | -4.9% | -7.5% | 16.4% | N/A |
2020 | -18.2% | -15.5% | 6.1% | N/A |
2019 | 12.9% | -6.3% | 24.2% | N/A |
Total Return Ranking - Trailing
Period | WTRE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.9% | -31.3% | 12.4% | 98.01% |
1 Yr | 3.5% | -34.4% | -0.3% | 91.41% |
3 Yr | -11.0%* | -22.3% | 5.4% | 84.97% |
5 Yr | -7.8%* | -16.5% | 15.2% | 64.25% |
10 Yr | -0.5%* | -6.9% | 8.1% | 10.28% |
* Annualized
Total Return Ranking - Calendar
Period | WTRE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.0% | -43.9% | 22.3% | 5.58% |
2022 | -31.7% | -18.2% | 14.9% | 100.00% |
2021 | 1.0% | -7.5% | 16.5% | 1.55% |
2020 | -15.7% | -14.7% | 6.1% | 99.48% |
2019 | 22.3% | -6.3% | 28.9% | 0.56% |
WTRE - Holdings
Concentration Analysis
WTRE | Category Low | Category High | WTRE % Rank | |
---|---|---|---|---|
Net Assets | 19.9 M | 2.39 M | 9.6 B | 87.94% |
Number of Holdings | 51 | 5 | 739 | 89.66% |
Net Assets in Top 10 | 11.2 M | 837 K | 6.34 B | 85.71% |
Weighting of Top 10 | 50.82% | 18.1% | 63.6% | 8.91% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 7.29%
- Ventas Inc 5.81%
- Goodman Group 5.48%
- Iron Mountain Inc 5.31%
- Cellnex Telecom SA 5.04%
- American Tower Corp 4.68%
- Crown Castle Inc 4.55%
- Prologis Inc 4.27%
- SBA Communications Corp 4.26%
- Alexandria Real Estate Equities Inc 4.13%
Asset Allocation
Weighting | Return Low | Return High | WTRE % Rank | |
---|---|---|---|---|
Stocks | 99.29% | 3.65% | 126.54% | 33.33% |
Cash | 7.29% | -1.38% | 10.38% | 94.09% |
Preferred Stocks | 0.00% | 0.00% | 15.83% | 57.64% |
Other | 0.00% | -33.49% | 78.71% | 21.18% |
Convertible Bonds | 0.00% | 0.00% | 0.07% | 56.16% |
Bonds | 0.00% | 0.00% | 22.09% | 57.35% |
Stock Sector Breakdown
Weighting | Return Low | Return High | WTRE % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.96% | 56.78% |
Technology | 0.00% | 0.00% | 4.92% | 5.53% |
Real Estate | 0.00% | 72.53% | 100.00% | 96.98% |
Industrials | 0.00% | 0.00% | 13.89% | 63.32% |
Healthcare | 0.00% | 0.00% | 1.54% | 61.81% |
Financial Services | 0.00% | 0.00% | 9.53% | 65.83% |
Energy | 0.00% | 0.00% | 0.11% | 55.78% |
Communication Services | 0.00% | 0.00% | 11.28% | 1.01% |
Consumer Defense | 0.00% | 0.00% | 0.18% | 57.29% |
Consumer Cyclical | 0.00% | 0.00% | 13.03% | 6.03% |
Basic Materials | 0.00% | 0.00% | 1.63% | 56.78% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WTRE % Rank | |
---|---|---|---|---|
US | 62.46% | 0.00% | 80.79% | 66.50% |
Non US | 36.82% | 0.00% | 99.40% | 20.20% |
WTRE - Expenses
Operational Fees
WTRE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.58% | 0.01% | 2.81% | 88.73% |
Management Fee | 0.58% | 0.10% | 1.50% | 15.27% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.26% | N/A |
Sales Fees
WTRE 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% | 4.00% | N/A |
Trading Fees
WTRE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
WTRE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 1.00% | 165.00% | 2.63% |
WTRE - Distributions
Dividend Yield Analysis
WTRE | Category Low | Category High | WTRE % Rank | |
---|---|---|---|---|
Dividend Yield | 1.30% | 0.00% | 10.40% | 0.98% |
Dividend Distribution Analysis
WTRE | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
WTRE | Category Low | Category High | WTRE % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.23% | 4.48% | 1.02% |
Capital Gain Distribution Analysis
WTRE | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 27, 2024 | $0.055 | OrdinaryDividend |
Dec 28, 2023 | $0.055 | OrdinaryDividend |
Sep 28, 2023 | $0.110 | OrdinaryDividend |
Jun 29, 2023 | $0.210 | OrdinaryDividend |
Sep 29, 2022 | $0.100 | OrdinaryDividend |
Jun 29, 2022 | $0.105 | OrdinaryDividend |
Mar 30, 2022 | $0.070 | OrdinaryDividend |
Dec 30, 2021 | $0.321 | OrdinaryDividend |
Sep 29, 2021 | $0.465 | OrdinaryDividend |
Jun 29, 2021 | $0.750 | OrdinaryDividend |
Mar 30, 2021 | $0.042 | OrdinaryDividend |
Dec 24, 2020 | $0.760 | OrdinaryDividend |
Dec 27, 2019 | $0.569 | OrdinaryDividend |
WTRE - 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 | 20.42 | 7.08 | 10.42 |