WisdomTree Japan Hedged Equity Fund ETF.com segment: Equity: Japan - Total Market Competing ETFs: HJPX, DDJP, DBJP, HEWJ, FLJH Related ETF Channels: Smart-Beta ETFs, Total Market, Currency Hedged, Broad-based, Single Country, Currency Hedged Fundamental, Asia-Pacific, Equity, Japan, Size and Style Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. B 72 FUND DESCRIPTION The WisdomTree Japan Hedged Equity ETF tracks an exporter-focused, dividendweighted index of Japanese stocks. The fund is hedged for currency fluctuations between the US dollar and Japanese yen. FACTSET ANALYTICS INSIGHT has a specific investment thesis, with an Abenomics-targeted, dividend-focused portfolio. The fund is positioned to gain from increased economic activity in Japan due to the weakening of its currency. selects export-oriented, dividend-paying Japanese firms, weights them by dividends and then hedges its yen exposure. The fund wasn't always currency-hedged or export-oriented; at launch, it tracked a dividend-weighted index, adding a currency hedge in 2010, and shifting the portfolio toward exporters in 2012. 's dividend-oriented selection and weighting produce one of the segment's highest yields and a tilt to large-caps.the fund s fee isn't cheap, but it s reasonable given the complexity of the portfolio. However, wobbly tracking stats point to real-world holdings costs that are often significantly higher than the fee. It s worth pointing out that the fund has made capital gains distributions in the past a tax hit for investors. Still, 's is one of the most-liquid funds in the segment and is easy to trade for both small and large investors. MSCI ESG ANALYTICS INSIGHT The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of November 15, 2018 the WisdomTree Japan Hedged Equity Fund MSCI ESG Fund Quality Score is 5.34 out of 10. 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 INDEX DATA WisdomTree 06/16/06 Open-Ended Fund 0.48% $4.88B $134.48M 0.02% $36.94B 11.77 1.23 3.01% 12/24/18 453 The fund s Peer Rank reflects the ranking of a fund s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ranks in the 34th percentile within its peer group and in the 44th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage. Index Tracked Index Weighting Methodology Index Selection Methodology WisdomTree Japan Hedged Equity Index Dividends Fundamental MSCI Japan Large Cap Index
1 Year Daily Price ($) 65.00 62.50 60.00 57.50 55.00 52.50 Dec `18 Feb Mar Apr May Jun Jul Aug Sep Oct Nov 20M PERFORMANCE [as of 11/15/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS -2.31% -1.30% -9.83% -5.20% 2.74% 6.31% 7.44% (NAV) -3.45% -2.87% -9.57% -6.72% 2.50% 6.94% 7.61% WisdomTree Japan Hedged Equity Index -- -- -- -- -- -- 7.61% MSCI Japan Large Cap Index -3.22% -4.91% -8.24% -3.96% 5.81% 4.92% 7.24% All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES Japan 100.00% TOP 10 SECTORS Consumer Cyclicals 25.40% Healthcare 8.95% Industrials 23.39% Consumer Non-Cyclicals 7.91% Financials 13.04% Telecommunications Serv 0.86% Technology 10.17% Energy 0.40% Basic Materials 9.68% Utilities 0.19% TOP 10 HOLDINGS Toyota Motor Corp. 4.78% Mizuho Financial Group, I 2.74% Mitsubishi UFJ Financial G 3.69% Canon Inc. 2.65% Japan Tobacco Inc. 3.46% Honda Motor Co., Ltd. Sumitomo Mitsui Financia 3.29% Mitsubishi Corporation Nissan Motor Co., Ltd. 3.00% Takeda Pharmaceutical C 1.96% Total Top 10 Weighting 30.31%
PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.48% -0.72% -0.53% -0.88% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K1 20.00% / 39.60% 1.47% Qualified dividends No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund Yes Yes 75% / 25% N/A ETN Counterparty Risk N/A Fund Closure Risk Low Portfolio Disclosure Daily
Daily Spread 0.022% 0.021% 0.020% 0.019% 0.018% 0.017% 0.016% 0.015% 0.014% FACTSET ANALYTICS BLOCK LIQUIDITY As of 11/16/18 5 4 3 2 1 This measurement shows how easy it is to trade a $1 million USD block of. is rated a 5 out of 5. Premium/Discount 5.0% 2.5% TRADABILITY Avg. Daily Share 2,458,634 0.0% -2.5% -5.0% Average Daily $ Median Daily Share $134.48M 2,032,404-7.5% 20M 15M 10M 5M Median Daily ($) Average Spread (%) Average Spread ($) $110.09M 0.02% $0.01 Dec Feb Apr Jun Aug Oct Nov Median Premium / Discount (12 Mo) -0.02% Max. Premium / Discount (12 Mo) 2.60% / -4.71% Impediment to Creations None Market Hours Overlap 0.00% Creation Unit Size (Shares) 50,000 Creation Unit/Day (45 Day Average) 40.65 Creation Unit Cost (%) 0.08% Underlying / Unit 0.03% Open Interest on ETF Options 198,160 Net Asset Value (Yesterday) $52.58 ETF.com Implied Liquidity 5
SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Consumer Cyclicals 25.40% 18.64% Industrials 23.39% 26.21% Financials 13.04% 15.68% Technology 10.17% 9.37% Basic Materials 9.68% 5.98% Toyota Motor Corp. Mitsubishi UFJ Financial Group, Inc. Japan Tobacco Inc. Sumitomo Mitsui Financial Group, Inc. Nissan Motor Co., Ltd. Mizuho Financial Group, Inc. 4.78% 3.69% 3.46% 3.29% 3.00% 2.74% Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation 0.79 0.97 0.97 1.06 0.48% MSCI Japan Large Cap Index Healthcare 8.95% 7.44% Consumer Non- Cyclicals Telecommunications Services 7.91% 8.86% 0.86% 4.62% Canon Inc. Honda Motor Co., Ltd. Mitsubishi Corporation Takeda Pharmaceutical Co. Ltd. 2.65% 1.96% MSCI ESG RATINGS MSCI ESG Quality Score Peer Group Percentile Rank Global Percentile Rank 5.34 / 10 33.57 44.00 Energy 0.40% 1.32% Utilities 0.19% 1.67% Total Top 10 Weighting 30.31% SRI Screening Criteria Exposure 9.89% COUNTRIES Exposure to Sustainable Impact Solutions 7.36% Japan 100.00% 100.00% Weighted Average Carbon Intensity (t CO2e/$M Sales) 135.22 REGIONS Asia-Pacific 100.00% 100.00% BENCHMARK COMPARISON HOLDINGS Number of Holdings Constituents 453 1279 Shared Holdings 424 ECONOMIC DEVELOPMENT Shared Holdings Weight 55.79% Developed Countries 100.00% 100.00% BENCHMARK COMPARISON SUMMARY Number of Holdings 453 1279 Weighted Average Market Cap $36.94B $31.38B Price / Earnings Ratio Price / Book Ratio Dividend Yield 11.77 13.98 1.23 1.39 2.73% 2.10% Concentration Low Low
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