WCAR
WisdomTree Global Automotive Innovators UCITS ETF - USD Acc
The WisdomTree Global Automotive Innovators UCITS ETF (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Berylls LeanVal Global Automotive Innovators NTR Index (the "Index"). Learn more about the Index that WCAR is designed to track.
Why invest?
- The automotive industry is undergoing the greatest transformation since its emergence.
- The fund offers access through direct investment to the most relevant and promising, publicly listed companies in the global automotive industry. The fund provides access to the following sectors of the automotive industry: original equipment manufacturers, suppliers, car dealers, mobility service providers and infrastructure providers.
- Focused exposure to businesses, across the entire global automotive ecosystem, that are capitalising on the growth and transformation of the automotive industries, which meet WisdomTree’s ESG (environmental, social and governance) criteria.
- The research for the selection of companies in the Index and, subsequently, the Fund, is conducted by experts in the automotive industry space together with capital markets experts, ensuring the portfolio remains focused and relevant.
- The ETF is physically backed and UCITS compliant.
Risks
- Although the Index was created to select companies with a relatively higher exposure to the automotive and future mobility industry, there is no guarantee this objective will be achieved.
- An investment in equities may experience high volatility and should be considered as a long-term investment.
- Higher growth companies such as those that play a part in megatrends tend to trade at higher valuations. The investor should consider the risk that comes with higher valuations as part of any investment decision.
- Investment risk may be concentrated in specific sectors, countries, companies or currencies.
- This list does not cover all risks-further risks are disclosed in the KIID and Prospectus.
Overview
Fund Overview | |
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Asset Class | Equities |
Use of Income | Accumulating |
Inception Date | 22 Sep 2022 |
Dividend Frequency | N/A |
Exchange Ticker | WCAR/CARS |
Index Name | WisdomTree Berylls LeanVal Global Automotive Innovators Index (NTR) |
TER | 0.45% |
Base Currency | USD |
Inception Date | 22 Sep 2022 |
Exchange Ticker | WCAR/CARS |
Index Name | WisdomTree Berylls LeanVal Global Automotive Innovators Index (NTR) |
TER | 0.45% |
Structure | |
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Replication Method | Physical, Fully Replicated |
Legal Form | Irish Collective Asset-management Vehicle (ICAV) |
Fund Umbrella | WisdomTree Issuer ICAV |
Domicile | Ireland |
Structure | Open-ended Exchange Traded Fund |
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) | 3.08 |
Fund MarketCap Breakdown | |
Large Cap (> $10 Billion) | 72.77% |
Mid Cap (≥ $2 Billion and ≤ $10 Billion) | 24.37% |
Small Cap (< $2 Billion) | 2.86% |
Fund Characteristics | As of 17 Jul 2024 |
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*Dividend Yield | 2.42 |
Price/Earnings | 11.38 |
Estimated Price/Earnings | 10.5 |
Price/Book | 1.52 |
Price/Sales | 0.59 |
Price/Cash Flow | 6.77 |
Gross Buyback Yield | 1.93 |
Net Buyback Yield | 1.76 |
Listings & Codes
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Holdings
Sector Breakdown
Country Allocation
Country | Weight |
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1. United States | 36.90% |
2. Japan | 19.39% |
3. China | 13.93% |
4. Germany | 9.95% |
5. Italy | 3.40% |
6. South Korea | 3.32% |
7. France | 3.04% |
8. Sweden | 2.25% |
9. Netherlands | 1.87% |
10. Canada | 1.80% |
11. Ireland | 1.40% |
12. United Kingdom | 1.27% |
13. Belgium | 0.56% |
14. Hong Kong | 0.47% |
15. Taiwan | 0.47% |
Index Details
The Index is designed to measure the performance of publicly traded companies primarily involved in global Automotive industry. Companies need to derive at least 50% revenue from the automotive industry. Selected companies must also meet WisdomTree’s ESG (environmental, social and governance) criteria and other criteria such as minimum market capitalisation and liquidity.
The Index utilises a “Focus Score” which quantifies and measures a company’s overall involvement across Themes in the automotive industry. The Index also utilises a “Fundamental Score” which is an aggregation of five equally-weighted fundamental factor scores (value, quality, stability, growth and momentum). The top 100 companies are selected for Index inclusion based on their combined Focus Score and Fundamental Score. The Index is weighted by float-adjusted market capitalisation and is rebalanced on a semi-annual basis in March and September.
Index Details | |
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Index Name | WisdomTree Berylls LeanVal Global Automotive Innovators NTR Index |
Currency | USD |
Index Provider | WisdomTree, Inc |
Bloomberg Ticker | WTCARN |
Leverage Factor | N/A |
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.
Sustainability Characteristics | |
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MSCI ESG Fund Ratings (AAA-CCC) | A |
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.