GULF WisdomTree Middle East Dividend Fund

Transcription

1 WisdomTree Middle East Dividend Fund ETF.com segment: Equity: Frontier Middle East & Africa - Total Market Competing ETFs: N/A Related ETF Channels: Frontier Middle East & Africa, Smart-Beta ETFs, Dividend, Total Market, Frontier Markets, Broad-based, Dividends, Equity, Middle East and Africa, Size and Style Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. F 56 FUND DESCRIPTION The WisdomTree Middle East Dividend Fund tracks a dividend-weighted index of investable companies from Kuwait, Qatar, UAE, Egypt, Morocco, Oman and Jordan. FACTSET ANALYTICS INSIGHT offers good coverage but isn t easy to trade. In fairness, the fund s underlying market is far from liquid, which hurts its ability to trade it in size. aligns well with our cap-weighted benchmark despite its yield focus. Gulf state banks dominate here although is slightly more diversified than our benchmark in its sector alignment. Trade the fund with limit orders or contact the issuer for larger orders. Fund assets are modest but viable. SUMMARY DATA Issuer Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) WisdomTree 07/16/08 Open-Ended Fund 0.88% $17.25M $166.24K 1.34% PORTFOLIO DATA Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings $20.94B % 12/24/ INDEX DATA Index Tracked WisdomTree Middle East Dividend Index Index Weighting Methodology Index Selection Methodology Dividends Dividends MSCI Arabian Markets ex Saudi Arabia Index

2 1 Year Daily Price ($) Dec `18 Feb Mar Apr May Jun Jul Aug Sep Oct Nov 200k PERFORMANCE [as of 11/07/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS -0.03% -3.70% 11.94% 18.41% 6.45% 3.99% 6.01% (NAV) -0.27% -2.05% 12.60% 16.13% 6.04% 4.32% 5.79% WisdomTree Middle East Dividend Index MSCI Arabian Markets ex Saudi Arabia Index % 1.58% -0.48% 8.82% 12.07% 3.86% 2.11% 1.94% All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES Saudi Arabia 29.81% Morocco 3.71% United Arab Emirates 20.35% Jordan 3.08% Qatar 19.72% Oman 2.72% Kuwait 14.22% Bahrain 2.55% Egypt 3.84% Tunisia -- TOP 10 SECTORS Financials 60.35% Consumer Non-Cyclicals 1.70% Telecommunications Serv 15.73% Utilities 1.47% Energy 9.18% Consumer Cyclicals 0.90% Industrials 8.50% Healthcare 0.19% Basic Materials 1.98% TOP 10 HOLDINGS Qatar National Bank QPSC 8.35% National Bank of Kuwait K 3.68% Al Rajhi Bank 5.17% Industries of Qatar Co. 3.25% Emirates Telecommunica 4.96% Mobile Telecommunicatio 3.23% Saudi Basic Industries Co 4.64% Arab Bank 2.91% First Abu Dhabi Bank P.J.S 4.54% Abu Dhabi Commercial B 2.90% Total Top 10 Weighting 43.63%

3 PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.88% -1.23% -0.91% -1.70% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K % / 39.60% -- Ordinary income No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No No 75% / 25% N/A ETN Counterparty Risk N/A Fund Closure Risk High Portfolio Disclosure Daily

4 Daily Spread 6.0% FACTSET ANALYTICS BLOCK LIQUIDITY As of 11/08/18 4.0% 2.0% 0% This measurement shows how easy it is to trade a $1 million USD block of. is rated a 1 out of 5. Premium/Discount 5.0% 2.5% TRADABILITY Avg. Daily Share 8, % Average Daily $ $166.24K -2.5% Median Daily Share 4, % 200k 150k 100k 50k Median Daily ($) Average Spread (%) Average Spread ($) $89.51K 1.34% $0.25 Dec Feb Apr Jun Jul Sep Nov Median Premium / Discount (12 Mo) -0.42% Max. Premium / Discount (12 Mo) 4.01% / -3.34% Impediment to Creations None Market Hours Overlap 0.00% Creation Unit Size (Shares) 100,000 Creation Unit/Day (45 Day Average) 0.05 Creation Unit Cost (%) 0.26% Underlying / Unit 1.94% Open Interest on ETF Options -- Net Asset Value (Yesterday) $19.12 ETF.com Implied Liquidity 1

5 SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Financials 60.35% 72.32% Telecommunications Services 15.73% 12.14% Energy 9.18% 0.12% Industrials 8.50% 9.30% Basic Materials 1.98% 1.51% Qatar National Bank QPSC Al Rajhi Bank Emirates Telecommunications Group Company PJSC Saudi Basic Industries Corp. First Abu Dhabi Bank P.J.S.C. 8.35% 5.17% 4.96% 4.64% 4.54% Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation % MSCI Arabian Markets ex Saudi Arabia Index Consumer Non- Cyclicals 1.70% 1.68% National Bank of Kuwait K.S.C. 3.68% BENCHMARK COMPARISON HOLDINGS Utilities 1.47% 2.08% Consumer Cyclicals 0.90% -- Industries of Qatar Co. Mobile Telecommunications Co. KSC 3.25% 3.23% Number of Holdings Constituents Healthcare 0.19% -- Arab Bank 2.91% Shared Holdings 38 Abu Dhabi Commercial Bank 2.90% Shared Holdings Weight 51.95% Total Top 10 Weighting 43.63% BENCHMARK COMPARISON SUMMARY COUNTRIES Saudi Arabia 29.81% -- United Arab Emirates 20.35% 25.68% Qatar 19.72% 36.21% Kuwait 14.22% 18.35% Egypt 3.84% 4.85% Morocco 3.71% 6.72% Jordan 3.08% 1.09% Number of Holdings Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio $20.94B $17.88B Oman 2.72% 1.36% Bahrain 2.55% 3.59% Tunisia % Dividend Yield 4.97% 4.13% Concentration Medium -- REGIONS Middle East & Africa % % ECONOMIC DEVELOPMENT Emerging Countries % %

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