Investment objective & strategy
As of Aug. 1, 2025 · prospectusObjective. The WisdomTree China ex-State-Owned Enterprises Fund (the Fund) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index (the Index).
Strategy. The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. The Index is a modified float-adjusted market cap weighted index that consists of common stocks in China, excluding common stocks of state-owned enterprises. WisdomTree, Inc. (WisdomTree), as Index Provider, defines state-owned enterprises as companies with over 20% government ownership. The Index consists of companies that: (i) conduct their Primary Business Activities in China and list their … The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. The Index is a modified float-adjusted market cap weighted index that consists of common stocks in China, excluding common stocks of state-owned enterprises. WisdomTree, Inc. (WisdomTree), as Index Provider, defines state-owned enterprises as companies with over 20% government ownership. The Index consists of companies that: (i) conduct their Primary Business Activities in China and list their shares on the Hong Kong stock exchange or on a U.S. securities exchange; (ii) have a float-adjusted market capitalization of at least $1 billion as of the annual screening date (float-adjusted means that the share amounts reflect only shares available to investors); (iii) have a median daily dollar trading volume of at least $100,000 for the three months preceding the annual screening date; (iv) trade at least 250,000 shares per month or $25 million notional for each of the six months preceding the annual screening date; and (v) are not state-owned enterprises as of the annual screening date. The country in which a company conducts its Primary Business Activities is determined based on one or more of the following factors: country of organization or incorporation, country in which a companys headquarters is located, the country to which a company has the greatest risk exposure, and the country from which a company generates the most significant portion of its revenue or to which it allocates the greatest resources. The Index also includes the 100 largest companies by float-adjusted market capitalization that have their Primary Business Activities in mainland China, listed and traded on the Shanghai Stock Exchange (SSE) or Shenzhen Stock Exchange (SZSE) via the Shanghai-Hong Kong or Shenzhen-Hong Kong Stock Connect (Stock Connect) programs in Chinese renminbi (A-Shares) and meet the Indexs eligibility criteria described above. Stock Connect is a securities trading and clearing linked program between either SSE or SZSE, and the Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Securities Clearing Company Limited (HKSCC), and China Securities Depository and Clearing Corporation Limited (ChinaClear), with an aim to achieve mutual stock market access between the Peoples Republic of China (PRC) and Hong Kong. The maximum weight of China A-Shares in the Index, at the time of the Indexs annual screening date, is capped at 33%; however, the weight of China A-Shares in the Index may fluctuate above the cap in response to market conditions and/or the application of volume factor adjustments, as described below. Securities are weighted in the Index based on float-adjusted market capitalization, as modified pursuant to certain limitations set forth below. On the Indexs annual screening date, the maximum weight of any security in the Index is capped at 10%, and the Index caps the weight of constituents exposed to any one sector at 30%. The Index also may adjust the weight of individual constituents on the annual screening date based on certain quantitative thresholds or limits tied to key metrics of a constituent security, such as its trading volume. To the extent the Index reduces an individual constituents weight, the excess weight will be reallocated pro rata among the other constituents. Similarly, if the Index increases a constituents weight, the weight of the other constituents will be reduced on a pro rata basis to contribute the weight needed for such increase. The weight of a sector or individual constituent in the Index may fluctuate above or below specified caps and thresholds between rebalance dates in response to market conditions. WisdomTree, the Index Provider and parent company of WisdomTree Asset Management, Inc. (WisdomTree Asset Management or the Adviser), currently uses the Global Industry Classification Standard (GICS ), a widely recognized industry classification methodology developed by MSCI, Inc. and Standard & Poors Financial Services LLC, to identify the extent of the Indexs exposure to a sector or industry. A GICS sector typically is composed of multiple industries. Because the Fund seeks to track the Index, it is expected to have the same sector and industry exposure as the Index. While the Indexs and the Funds sector exposure may vary from time to time, as of June 30, 2025, the Index, and, therefore, the Fund, had significant exposure ( e.g. , approximately 15% or more of the Indexs total weight) to the Consumer Discretionary and Communication Services Sectors. To the extent the Index is concentrated in the securities of companies assigned to a particular industry or group of industries, the Fund will seek to concentrate its investments ( i.e. , invest more than 25% of its assets) in such industry or group of industries to approximately the same extent as the Index.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TENCENT HOLDINGS LTD | — | $42.02M | 8.43% |
| BABA-W | — | $39.02M | 7.83% |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | — | $24.30M | 4.88% |
| PDD HOLDINGS INC ADR | — | $12.84M | 2.58% |
| PING AN INSURA-A | — | $12.73M | 2.55% |
| ZHONGJI INNOLI-A | — | $11.96M | 2.40% |
| XIAOMI CORP-W | — | $11.62M | 2.33% |
| MEITUAN-W | — | $9.51M | 1.91% |
| EOPTOLINK TECH-A | — | $8.79M | 1.76% |
| PING AN-H | — | $8.61M | 1.73% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Franklin FTSE China ETF · FLCH | 52% | 0.19% |
| iShares MSCI China ETF · MCHI | 51% | 0.59% |
| SPDR(R) S&P(R) CHINA ETF · GXC | 49% | 0.59% |
Advisers
| Firm | Role |
|---|---|
| Mellon Investments Corporation | Sub-adviser |
| WisdomTree Asset Management, Inc. | Adviser |
Footnotes
- Expense ratio as of August 1, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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