NTSX
WisdomTree US Efficient Core UCITS ETF - USD Acc
The WisdomTree US Efficient Core UCITS ETF (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree US Efficient Core UCITS Index (the "Index"). The Index aims to deliver a 90% exposure to large-cap US equities and 60% to US Treasury Bond futures in order to improve the risk-adjusted returns of a traditional 60/40 portfolio.
Why invest?
- Boost the risk-adjusted returns of a US equity investment by delivering a 90% exposure to equities while improving the Sharpe ratio thanks to a fixed income overlay
- Improve capital efficiency in asset allocation allowing for increased exposure to non-core / diversifying investments
- Low-fee, core equity solution that can complement other active and passive strategies
- The ETF is physically backed and UCITS compliant
Potential risks
- Although the Index was created to gain enhanced exposure to U.S. equities with added bond futures diversification to potentially lower volatility, there is no guarantee this objective will be achieved
- An investment in equities may experience high volatility and should be considered as a longer term investment
- This ETF contains elements of leverage which could lead to significantly magnified losses in comparison to investments that do not incorporate leverage
- Investment risk is concentrated to the U.S.
- This list does not cover all risks-further risks are disclosed in the KID and Prospectus
Overview
Fund Overview | |
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Asset Class | Equities |
Use of Income | Accumulating |
Base Currency | USD |
Dividend Frequency | N/A |
Inception Date | 10 Oct 2023 |
Exchange Ticker | NTSX/WTEF |
Index Name | WisdomTree US Efficient Core UCITS Index (NTR) |
TER | 0.20% |
Structure | |
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Legal Form | Irish Collective Asset-management Vehicle (ICAV) |
Fund Umbrella | WisdomTree Issuer ICAV |
Domicile | Ireland |
Structure | Open-ended Exchange Traded Fund |
Replication Method | Optimised |
Financial Year End | 31 December |
UCITS Compliant | Compliant |
Further Legal and Tax Information | |
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ISA | Eligible |
SIPP | Eligible |
UCITS Eligible | Eligible |
UK Reporting Status | Yes |
Key Service Providers | |
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Custodian | State Street Custodial Services (Ireland) Limited |
Administrator | State Street Fund Services (Ireland) Limited |
Fund Manager | Irish Life Investment Managers |
Auditor | Ernst & Young Ireland |
Market Capitalization | As of 17 Jul 2024 |
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Total Market Capitalization ($ Trillion) | 45.86 |
Fund MarketCap Breakdown | |
Large Cap (> $10 Billion) | 99.76% |
Mid Cap (≥ $2 Billion and ≤ $10 Billion) | 0.24% |
Small Cap (< $2 Billion) | 0.00% |
Fund Characteristics | As of 17 Jul 2024 |
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*Dividend Yield | 0.70 |
Price/Earnings | 29.27 |
Estimated Price/Earnings | 23.68 |
Price/Book | 5.51 |
Price/Sales | 3.03 |
Price/Cash Flow | 18.75 |
Gross Buyback Yield | 0.90 |
Net Buyback Yield | 0.77 |
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Holdings
Sector Breakdown
Index Details
WisdomTree US Efficient Core UCITS Index
The index is designed to track the performance of a 90% exposure to large-cap US equities and 60% to US Treasury Bond Futures, effectively delivering a leveraged position to the traditional 60/40 portfolio. The index excludes companies which do not meet WisdomTree’s ESG (environmental, social and governance) criteria.
The index is comprised of three key components: the equity component, the bond component and the cash component.
Equity component: The Index invests in a diversified basket of US large-capitalisation companies in order to achieve a 90% exposure to equity securities based on certain eligibility requirements outlined in the Index methodology.
Bond component: The Index provides synthetic exposure to a basket of US Treasury futures contracts with maturities ranging from 2 to 30 years in order to achieve a 60% notional exposure to Bonds. The eligible US Treasury futures contracts are outlined in the Index methodology.
Cash component: The Index has roughly 10% exposure to cash, which serves as collateral for the US Treasury futures contracts.
The Index has target weights of 90%, 60% and 10% notional exposure on equity components, bond components and cash components respectively. The Index is rebalanced on a quarterly basis.
Index Details | |
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Index Name | WisdomTree US Efficient Core UCITS Index |
Currency | USD |
Index Provider | WisdomTree, Inc |
Bloomberg Ticker | WTNTSXUN |
Leverage Factor | Refer to index details |
Documents and Links |
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Responsible Investing
SFDR Disclosure
The EU Sustainable Finance Disclosures Regulation (SFDR) took effect on 10 March 2021 as part of the EU Action Plan on Sustainable Finance. The SFDR lays down harmonised sustainability related disclosure rules for EU financial market participants and advisors and requires certain sustainability disclosures to be made for financial products which promote environmental or social characteristics (Article 8 SFDR) and funds which have a sustainable investment objective (Article 9 SFDR).
There are different SFDR product categorisations for these sustainability disclosure requirements:
+ Article 6 products: require disclosures relating to the manner in which sustainability risks are integrated into the decision-making process.
+ Article 8 products: promote, among other characteristics, environmental or social characteristics or a combination of those characteristics, provided that the companies in which the investments are made follow good governance practices.
+ Article 9 products: have sustainable investment as their objective
Please refer to EU regulation guidelines for more details: https://www.esma.europa.eu/sections/sustainable-finance
SFDR categorisations | |
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SFDR Disclosure | Article 8 |
ESG Characteristics
The fund tracks an index which seeks to exclude from the eligible investment universe companies that (i) violate, certain commonly accepted international norms and standards, such as United Nations and the Organisation for Economic Co-operation and Development (OECD) guidelines, (ii) are involved in controversial weapons such as anti-personnel mines and cluster munitions, (iii) are significantly involved in the tobacco industry, (iv) are significantly involved in thermal coal activity, such as coal mining and exploration and coal-based power generation, (v) are significantly involved in unconventional oil and gas exploration/production, such as oil sands, Arctic oil and gas or shale energy, (vi) do not meet such other ESG criteria such as significant involvement in small arms, as detailed in the Index methodology. Visit our ESG Hub to learn more about WisdomTree's ESG approach.
MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics and Ratings (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 31,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.
Documents
DISCLAIMERS
The products discussed in this document are issued by WisdomTree Issuer ICAV (“WT Issuer”). WT Issuer is an umbrella investment company with variable capital having segregated liability between its funds organised under the laws of Ireland as an Irish Collective Asset-management Vehicle and authorised by the Central Bank of Ireland (“CBI”). WT Issuer is organised as an Undertaking for Collective Investment in Transferable Securities (“UCITS”) under the laws of Ireland and shall issue a separate class of shares ("Shares”) representing each fund. Investors should read the prospectus of WT Issuer (“WT Prospectus”) before investing and should refer to the section of the WT Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the Shares.