WisdomTree ICBCCS S&P China 500 Fund

C000176392 Fund Overview

WisdomTree ICBCCS S&P China 500 Fund is a US ETF managed by WisdomTree Trust, categorised as China Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: WisdomTree Trust
• Category: China Real Estate
• Assets under management: $14.62M
• SEC CIK: 0001350487
• SEC series ID: S000056019
• Share class ID: C000176392

C000176392 Investment Objective and Strategy

WisdomTree ICBCCS S&P China 500 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by WisdomTree Trust.

Investment objective

The WisdomTree ICBCCS S&P China 500 Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the S&P China 500 Index (the “Index”).

Principal investment strategy

The Fund employs a passive management or indexinginvestment 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 Funds 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 selects the largest 500 eligible companies from the broader S&P Total China BMI Index, which represents the entire investment universe of Chinese companies that meet certain minimum market capitalization and trading volume thresholds, and is weighted by float-adjusted market capitalization.

All Chinese share classes, including A-Shares and offshore listings, are eligible for inclusion in the Index. The Index seeks to maintain the same sector weights as the S&P Total China BMI Index and uses Standard & Poors 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, communication 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 September 30, 2018, a significant portion of the Index was comprised of companies in the financial and consumer discretionary sectors.

The following chart provides an overview of the different share classes eligible for inclusion in the Index: Share Class Definition A-Shares These are shares of Chinese companies incorporated in mainland China that trade in Chinese Renminbi on the Shanghai or Shenzhen Stock Exchanges. B-Shares These are shares of Chinese companies incorporated in mainland China that trade in U.S. dollars on the Shanghai Stock Exchange and in Hong Kong dollars on the Shenzhen Stock Exchange. H-Shares These are shares of Chinese companies incorporated in mainland China that trade in Hong Kong dollars on the Hong Kong Stock Exchange. H-Shares are available to non-residents of China. Red Chips These are shares of Chinese companies incorporated outside of mainland China that trade in Hong Kong dollars on the Hong Kong Stock Exchange.

Red Chips, which are controlled by mainland Chinese entities, are available to non-residents of China. P Chips These are shares of non-state-owned Chinese companies incorporated outside of mainland China in domiciles of convenience such as the Cayman Islands, Bermuda, etc. and listed on the Hong Kong Stock Exchange. U.S. Listed or Foreign Listed Chinese Companies U.S. listed or foreign listed Chinese companies are defined as companies that primarily operate in mainland China but whose primary listings are on a U.S. or foreign exchange (i.e., all exchanges outside of mainland China). The Index consists of companies that as of the semi-annual Index screening date: (i) are constituents of the S&P Total China BMI Index; (ii) have a float-adjusted market capitalization of at least $300 million ($250 million for existing constituents) (float-adjusted means that the share amounts reflect only shares available to investors); and (iii) have a six-month median daily dollar trading volume of at least $1 million ($0.8 million for existing constituents).

It is anticipated that A-Shares will comprise the largest portion of the Index. The Fund may also invest up to 20% of its total assets (exclusive of collateral held from securities lending) in investments that are not included in the Index, including futures contracts, swaps and other derivative instruments that the sub-adviser believes will help the Fund achieve its investment objective. 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. The Fund seeks to track the performance of the Index by investing directly in the A-Shares of China domestic equity securities listed and traded on the Shanghai Stock Exchange (SSE) or Shenzhen Stock Exchange (SZSE) via the Shanghai-Hong Kong or Shenzhen-Hong Kong Stock Connect programs (Stock Connect) and through the Renminbi Qualified Foreign Institutional Investor (RQFII) quota of ICBC Credit Suisse Asset Management (International) Company Limited (ICBCCS), the Funds sub-adviser, as well as by investing in the other share classes of equity securities, set forth above, issued by Chinese companies that are listed on exchanges outside of mainland China.

Stock Connect is a securities trading and clearing linked program between either SSE or SZSE, and the Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Securities Clearing Company Limited (HKSCC), and China Securities Depository and Clearing Corporation Limited (ChinaClear), with an aim to achieve mutual stock market access between the Peoples Republic of China (PRC) and Hong Kong. Stock Connect comprises a Northbound Trading Link (for investment in China A-Shares) by which investors, through their Hong Kong brokers and a securities trading service company established by SEHK, may place orders to trade eligible shares listed on SSE or SZSE by routing orders to the applicable exchange. Through Stock Connect, overseas investors (including the Fund) may be allowed, subject to rules and regulations issued and/or amended by the applicable regulatory authority from time to time, to trade China A-Shares listed on the SSE or SZSE (together, the Mainland Securities) through the Northbound Trading Link.

The Mainland Securities include all of the constituent stocks from time to time of the SSE 180 Index and SSE 380 Index, all of the constituent stocks of the SZSE Component Index and SZSE Small/Mid Cap Innovation Index that have a market capitalization of not less than 6 billion Renminbi (RMB), and all of the SSE- and SZSE-listed China A-Shares that are not included as constituent stocks of the relevant indices but which have corresponding H-Shares listed on SEHK, except those SSE- and SZSE-listed shares which are (i) not traded in RMB and (ii) included in the risk alert board. The list of eligible securities may be changed subject to the review and approval by the relevant PRC regulators from time to time. To the extent the Fund invests in China A-Shares other than through Stock Connect, under current regulations in the PRC, generally foreign investors can invest only through certain qualified foreign institutional investors, such as the Funds sub-adviser, that have obtained status as a Qualified Foreign Institutional Investor (QFII) or a RQFII from the China Securities Regulatory Commission (CSRC) and have been granted quota(s) by the PRC State Administration of Foreign Exchange (SAFE) to remit foreign freely convertible currencies (in the case of a QFII) and RMB (in the case of a RQFII) into the PRC for the purpose of investing in the PRC's domestic securities markets.

C000176392 Costs and Fees

C000176392 costs about $55 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.55%
• Gross expense ratio: 0.55%
• Portfolio turnover: 28%
• Brokerage commissions: 5.17 bps of average net assets (SEC N-CEN)

C000176392 Cashflows

Over the 12 months to 2020-03, WisdomTree ICBCCS S&P China 500 Fund had net outflows of $5.81M, from monthly SEC N-PORT filings.

C000176392 Debt Constituents

No individual debt constituents are reported in WisdomTree ICBCCS S&P China 500 Fund's latest SEC N-PORT filing.

C000176392 Prospectus and SEC Filings

Official WisdomTree ICBCCS S&P China 500 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-11-19
• Prospectus (485BPOS) — filed 2018-11-14
• Prospectus (485BPOS) — filed 2018-01-08
• Portfolio holdings (N-PORT) — filed 2020-05-29
• Portfolio holdings (N-PORT) — filed 2020-02-10
• Portfolio holdings (N-PORT) — filed 2019-11-25
• Annual census (N-CEN) — filed 2019-09-13
• Annual census, amended (N-CEN/A) — filed 2019-02-06

Related Funds

Other China Real Estate funds tracked on ABC INVEST:

• Vert Global Sustainable Real Estate Fund (VGSRX)
• Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH)
• Sparkline Emerging Markets Intangible Value ETF (ETAN)

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.