C000162870 Fees and Costs — WisdomTree Dynamic Bearish U.S. Equity Fund
Data updated: 2020-02-10
The net expense ratio is 0.48% (0.53% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.0249% of average net assets, and portfolio turnover was 249%.
C000162870 Fees and Expenses
Annual operating expenses and sales charges of C000162870. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.53% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.48% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000162870 Costs Over Time
On $10,000 invested in C000162870, assuming 5% a year before costs, total costs come to $319 over 5 years, cutting the return by 0.53% 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) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $319 |
| Value after costs | $10,447 | $11,402 | $12,444 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
C000162870 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0249%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $76.2M
- Portfolio turnover (prospectus): 249%
- Securities on loan, average value: $309K
- Net income from securities lending: $4K (0.035% of average net assets)
C000162870 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $1K | 51.61% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $650 | 22.98% |
| Jane Street Execution Services, LLC | $557 | 19.70% |
| Deutsche Bank Securities Inc. | $57 | 2.01% |
| Citigroup Global Markets Inc. | $27 | 0.94% |
| Virtu Americas LLC | $21 | 0.74% |
| Sanford C. Bernstein & Co., LLC | $20 | 0.69% |
| ITG Inc. | $16 | 0.57% |
| UBS Securities LLC | $14 | 0.50% |
| Barclays Capital Inc. | $7 | 0.26% |
C000162870 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $20.0M | 26.58% |
| Natwest Markets Securities Inc. | $15.8M | 21.05% |
| Nomura Securities International, Inc. | $9.1M | 12.07% |
| Goldman Sachs & Co. LLC | $7.6M | 10.08% |
| BMO Capital Markets Corp. | $5.4M | 7.19% |
| Barclays Capital Inc. | $5.3M | 7.00% |
| RBC Capital Markets, LLC | $3.9M | 5.21% |
| Wells Fargo Securities, LLC | $3.3M | 4.45% |
| BNP Paribas Securities Corp. | $2.4M | 3.22% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2.4M | 3.14% |
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.