WDAF Fees and Costs — WisdomTree Asia Defense Fund
Data updated: 2026-08-31
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $22K in broker commissions, 0.1734% of average net assets, and portfolio turnover was 85%.
WDAF Fees and Expenses
Annual operating expenses and sales charges of WDAF. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
WDAF Costs Over Time
On $10,000 invested in WDAF, assuming 5% a year before costs, total costs come to $393 over 5 years, cutting the return by 0.65% 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 0.45%) | $47 | $148 | $258 |
| Trading costs (broker commissions) | $18 | $57 | $99 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $215 | $393 |
| Value after costs | $10,435 | $11,361 | $12,370 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
WDAF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1734%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $7.8M
- Portfolio turnover (prospectus): 85%
- Securities lending: none during the year
WDAF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6K | 28.22% |
| HSBC SECURITIES (USA) INC. | $5K | 22.27% |
| MACQUARIE CAPITAL (USA), INC. | $5K | 20.80% |
| BOFA SECURITIES, INC. | $2K | 9.96% |
| SANFORD C. BERNSTEIN & CO., LLC | $1K | 5.96% |
| MIZUHO SECURITIES USA LLC | $900 | 4.09% |
| MORGAN STANLEY & CO. LLC | $658 | 2.99% |
| VIRTU AMERICAS LLC | $583 | 2.65% |
| UBS SECURITIES LLC | $489 | 2.22% |
| GOLDMAN SACHS & CO. LLC | $180 | 0.82% |
WDAF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.9M | 63.04% |
| MORGAN STANLEY & CO. LLC | $1.2M | 14.80% |
| Macquarie Capital (USA) Inc. | $926K | 11.81% |
| VIRTU AMERICAS LLC | $350K | 4.47% |
| MIZUHO SECURITIES USA LLC | $279K | 3.56% |
| JANE STREET EXECUTION SERVICES, LLC | $182K | 2.32% |
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.