WisdomTree Middle East Dividend Fund
Data updated: 2020-06-12
C000065932 — WisdomTree Middle East Dividend Fund. Global (incl. US) Real Estate · $13.94M AUM. Holdings, fees, performance and SEC filings.
C000065932 Fund Overview
WisdomTree Middle East Dividend Fund is a US mutual fund managed by WisdomTree Trust, categorised as Global (incl. US) Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: WisdomTree Trust
- Category: Global (incl. US) Real Estate
- Assets under management: $13.94M
- SEC CIK: 0001350487
- SEC series ID: S000022800
- Share class ID: C000065932
C000065932 Investment Objective and Strategy
WisdomTree Middle East Dividend Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by WisdomTree Trust.
Investment objective
The WisdomTree Middle East Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Middle East Dividend Index (the “Index”).
Principal investment strategy
"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 95% 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 fundamentally weighted index that is comprised of companies in the Middle East region that pay regular cash dividends on shares of common stock.
To be eligible for inclusion in the Index, a company must meet the following criteria: (i) incorporation within Bahrain, Egypt, Jordan, Kuwait, Morocco, Oman, Qatar, Saudi Arabia, or the United Arab Emirates; (ii) payment of at least $5 million in cash dividends on common shares in the annual cycle prior to the annual Index screening date; (iii) market capitalization of at least $200 million as of the annual Index screening date; (iv) average daily dollar trading volume of at least $200,000 for each of the six months prior to the annual Index screening date; and (v) trading of at least 250,000 shares per month for each of the six months preceding the annual Index screening date. Eligible companies are ranked by market capitalization and the 30 largest companies by market capitalization incorporated in Saudi Arabia and the 100 largest companies by market capitalization incorporated in one of the other countries listed in (i) above are selected for inclusion in the Index.
Securities are weighted in the Index based on dividends paid over the prior annual cycle. Companies that pay a greater total dollar amount of dividends are more heavily weighted. To derive a company's initial Index weight, (i) multiply the U.S. dollar value of the company's annual gross dividend per share by the number of common shares outstanding for that company (the ""Cash Dividend Factor""); (ii) calculate the Cash Dividend Factor for each company; (iii) add together all of the companies' Cash Dividend Factors; and (iv) divide the company's Cash Dividend Factor by the sum of all Cash Dividend Factors. At the time of the Index's annual screening date, the maximum weight of any one country in the Index is capped at 25% and any security in the Index is capped at 10%. In response to market conditions, security and/or country weights may fluctuate above the specified cap between annual Index screening dates.
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: consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, telecommunication services, 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, 2018, a significant portion of the Index is comprised of companies in the financial and telecommunications sectors. 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."
C000065932 Costs and Fees
C000065932 costs about $88 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.88%
- Gross expense ratio: 0.88%
- Portfolio turnover: 30%
- Brokerage commissions: 24.61 bps of average net assets (SEC N-CEN)
C000065932 Cashflows
Over the 12 months to 2020-03, WisdomTree Middle East Dividend Fund had net outflows of $3.54M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$1.64M |
| 2020-02 | $0 |
| 2020-01 | $0 |
| 2019-12 | $0 |
| 2019-11 | $0 |
| 2019-10 | $0 |
C000065932 Debt Constituents
No individual debt constituents are reported in WisdomTree Middle East Dividend Fund's latest SEC N-PORT filing.
C000065932 Prospectus and SEC Filings
Official WisdomTree Middle East Dividend Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus supplement (497) — filed 2019-08-21
- Prospectus supplement (497) — filed 2018-08-13
- Prospectus supplement (497) — filed 2017-08-21
- Portfolio holdings (N-PORT) — filed 2020-05-11
- Portfolio holdings (N-PORT) — filed 2020-03-02
- Portfolio holdings (N-PORT) — filed 2019-11-22
- Annual census (N-CEN) — filed 2020-06-12
- Annual census (N-CEN) — filed 2019-06-14
Related Funds
Other Global (incl. US) Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.