C000134343 Fees and Costs — WisdomTree Negative Duration High Yield Bond Fund
Data updated: 2020-07-23
The net expense ratio is 0.48%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $7K in broker commissions, 0.0151% of average net assets, and portfolio turnover was 66%.
C000134343 Fees and Expenses
Annual operating expenses and sales charges of C000134343. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.48% |
| Fee waiver | — |
| Net expense ratio | 0.48% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000134343 Costs Over Time
On $10,000 invested in C000134343, assuming 5% a year before costs, total costs come to $313 over 5 years, cutting the return by 0.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $171 | $313 |
| Value after costs | $10,448 | $11,405 | $12,450 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
C000134343 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0151%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $66.3M
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $3.6M
- Net income from securities lending: $43K (0.087% of average net assets)
C000134343 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $7K | 99.95% |
| JPMorgan Chase & Co. | $3 | 0.05% |
C000134343 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MarketAxess Corporation | $23.4M | 40.90% |
| Flow Traders U.S. Institutional Trading LLC | $13.4M | 23.44% |
| Jane Street Execution Services, LLC | $4.5M | 7.94% |
| Susquehanna Financial Group, LLLP | $3.8M | 6.71% |
| Morgan Stanley & Co. LLC | $2.9M | 5.10% |
| Citigroup Global Markets Inc. | $2.7M | 4.78% |
| Goldman Sachs & Co. LLC | $2.0M | 3.47% |
| JPMorgan Chase & Co. | $1.7M | 3.01% |
| SumRidge Partners, LLC | $1.5M | 2.65% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1.1M | 2.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.