DGS WisdomTree Emerging Markets SmallCap Dividend Fund

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1 WisdomTree Emerging Markets SmallCap Dividend Fund ETF.com segment: Equity: Emerging Markets - Small Cap Competing ETFs: EEMS, FEMS, EWX Related ETF Channels: Smart-Beta ETFs, Dividend, Small Cap, Dividends, Emerging Markets, Equity, Size and Style, Broad-based Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. C 76 FUND DESCRIPTION tracks a dividend-weighted index of small-cap emerging markets stocks. The fund includes the bottom 10% of the WisdomTree Emerging Markets Dividend Index. FACTSET ANALYTICS INSIGHT holds companies in emerging markets that have paid dividends over the past calendar year and weights them based on the size of dividends they paid. Its portfolio tilts to the larger side and makes some big country bets (especially on Taiwan and Brazil). It's also a fairly concentrated fund, with far fewer companies held in its portfolio than comprise our benchmark, though sector exposures tend to be roughly market-like. It trades decently, although its spreads can vary by quite a bit, and underlying liquidity is solid for block traders. Its fees are about in-line with the cheap side of the international small-cap space, and even has the potential to get some of those costs back via securities lending, but tracking can lag overall. The fund will likely always have odd country weightings and tilt large, but it offers enough diversity, liquidity, and Efficiency to be on our Opportunities List. SUMMARY DATA Issuer Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) PORTFOLIO DATA Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings WisdomTree 10/30/07 Open-Ended Fund 0.63% $1.23B $6.65M 0.15% $1.48B % 12/24/ INDEX DATA Index Tracked WisdomTree Emerging Markets SmallCap Dividend Index Index Weighting Methodology Index Selection Methodology Dividends Dividends MSCI Emerging Markets Small Cap Index

2 1 Year Daily Price ($) Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec `19 800k PERFORMANCE [as of 01/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS -1.04% -2.18% 1.98% % 11.40% 2.12% 9.06% (NAV) -3.95% -4.42% 0.06% % % 9.39% WisdomTree Emerging Markets SmallCap Dividend Index MSCI Emerging Markets Small Cap Index % -3.18% -4.35% 0.01% % 4.59% 1.06% 9.79% All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES Taiwan, Province of China 26.29% Thailand 6.13% Hong Kong 16.50% Brazil 6.04% South Africa 10.38% Malaysia 4.90% Korea, Republic of 8.31% India 3.37% China 6.65% Indonesia 3.06% TOP 10 SECTORS Financials 24.08% Consumer Non-Cyclicals 7.10% Technology 18.16% Utilities 4.85% Consumer Cyclicals 15.27% Energy 2.79% Industrials 12.61% Healthcare 2.35% Basic Materials 9.34% Telecommunications Serv 1.80% TOP 10 HOLDINGS Transmissora Alianca De 1.35% MONETA Money Bank AS 0.74% Guangzhou R&F Propertie 1.01% Spar Group Limited 0.71% Truworths International L 0.88% AVI Limited Class Y 0.65% Hyprop Investments Limi WPG Holdings Limited Foschini Group Limited Telkom SA SOC Ltd. Total Top 10 Weighting 8%

3 PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.63% -0.82% -0.59% -1.03% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K % / 39.60% -- Qualified dividends No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No Yes 75% / 25% N/A ETN Counterparty Risk N/A Fund Closure Risk Low Portfolio Disclosure Daily

4 Daily Spread 0.4% FACTSET ANALYTICS BLOCK LIQUIDITY As of 01/07/19 0.3% 0.2% 0.1% 0% This measurement shows how easy it is to trade a $1 million USD block of. is rated a 4 out of 5. Premium/Discount 5.0% 2.5% TRADABILITY Avg. Daily Share 157, % Average Daily $ $6.65M -2.5% Median Daily Share 112, % 600k 400k 200k Median Daily ($) Average Spread (%) Average Spread ($) $4.85M 0.15% $0.06 Feb Apr Jun Jul Sep Nov Dec Median Premium / Discount (12 Mo) -0.26% Max. Premium / Discount (12 Mo) 2.85% / -3.10% Impediment to Creations None Market Hours Overlap 11.00% Creation Unit Size (Shares) 100,000 Creation Unit/Day (45 Day Average) 1.13 Creation Unit Cost (%) 0.17% Underlying / Unit 0.75% Open Interest on ETF Options 386 Net Asset Value (Yesterday) $42.29 ETF.com Implied Liquidity 4 SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Financials 24.08% 17.64% Technology 18.16% 14.53% Consumer Cyclicals 15.27% 14.76% Industrials 12.61% 14.85% Basic Materials 9.34% 10.50% Transmissora Alianca De Energia Eletrica S.A. Unit Guangzhou R&F Properties Co., Ltd. Class H Truworths International Limited Hyprop Investments Limited 1.35% 1.01% 0.88% Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation % MSCI Emerging Markets Small Cap Index Foschini Group Limited BENCHMARK COMPARISON HOLDINGS

5 Consumer Non- Cyclicals 7.10% 7.52% Utilities 4.85% 3.96% Energy 2.79% 2.49% Healthcare 2.35% 7.53% Telecommunications Services 1.80% 1.03% MONETA Money Bank AS Spar Group Limited AVI Limited Class Y WPG Holdings Limited Telkom SA SOC Ltd. Total Top 10 Weighting 0.74% 0.71% 0.65% 8% Number of Holdings Constituents Shared Holdings Shared Holdings Weight % BENCHMARK COMPARISON SUMMARY COUNTRIES Taiwan, Province of China 26.29% 19.11% Hong Kong 16.50% 9.84% South Africa 10.38% 5.48% Korea, Republic of 8.31% 18.57% China 6.65% 1.81% Thailand 6.13% 3.99% Brazil 6.04% 6.39% Malaysia 4.90% 3.24% Number of Holdings Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Dividend Yield $1.48B $1.16B % 2.68% India 3.37% 15.40% Concentration Low Low Indonesia 3.06% 2.48% REGIONS Asia-Pacific 76.04% 76.24% Middle East & Africa 10.38% 7.68% Latin America 9.23% 11.25% Europe 4.35% 4.46% North America % ECONOMIC DEVELOPMENT Developed Countries 51.86% 49.06% Emerging Countries 48.14% 50.94% 2019 ETF.com The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional. ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com. [ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Data provider: Terms of Use