WDEF Fees and Costs — WisdomTree Europe 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 $765 in broker commissions, 0.0023% of average net assets, and portfolio turnover was 39%.
WDEF Fees and Expenses
Annual operating expenses and sales charges of WDEF. 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 |
WDEF Costs Over Time
On $10,000 invested in WDEF, assuming 5% a year before costs, total costs come to $286 over 5 years, cutting the return by 0.47% 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 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $286 |
| Value after costs | $10,453 | $11,420 | $12,477 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
WDEF 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): 0.0023%
- Total broker commissions: $765
- Bought from dealers (principal trades, not a cost): $113.1M
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $668K
- Net income from securities lending: $4K (0.013% of average net assets)
WDEF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $457 | 59.74% |
| BOFA SECURITIES, INC. | $169 | 22.09% |
| J.P. Morgan Securities LLC | $61 | 7.97% |
| VIRTU AMERICAS LLC | $30 | 3.92% |
| UBS SECURITIES LLC | $19 | 2.48% |
| HSBC SECURITIES (USA) INC. | $15 | 1.96% |
| CLSA AMERICAS, LLC | $13 | 1.70% |
| CitiGroup Global Markets Inc. | $1 | 0.13% |
WDEF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES, LLC | $50.5M | 44.68% |
| MORGAN STANLEY & CO. LLC | $25.0M | 22.11% |
| J.P. Morgan Securities LLC | $19.2M | 16.95% |
| UBS SECURITIES LLC | $12.9M | 11.42% |
| VIRTU AMERICAS LLC | $2.3M | 2.01% |
| GOLDMAN SACHS & CO. LLC | $1.6M | 1.45% |
| BOFA SECURITIES, INC. | $1.6M | 1.39% |
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.