DXJ
WisdomTree Japan Hedged Equity Fund
WisdomTree Trust
ETFIndex fund
Expense ratio1
0.48%
Net assets2
$5.85B
Holdings2
442
Category
International Equity
2025 return3
31.20%

Investment objective & strategy

As of Aug. 1, 2025 · prospectus

Objective. The WisdomTree Japan Hedged Equity Fund (the Fund) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index (the Index). The Fund seeks to provide Japanese equity returns while mitigating or hedging against fluctuations between the value of the Japanese yen and the U.S. dollar.

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 securities in the Index whose risk, return, and other characteristics resemble the risk, return, and other characteristics of the Index as a whole. WisdomTree, Inc. (WisdomTree), the Index Provider and parent company of WisdomTree Asset Management, Inc. (WisdomTree Asset Management or the Adviser), has created the Index to provide exposure to Japanese equity markets while at the same time hedging or neutralizing exposure to fluctuations in the value of the Japanese yen relative to the U.S. dollar. The Index consists … 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 securities in the Index whose risk, return, and other characteristics resemble the risk, return, and other characteristics of the Index as a whole. WisdomTree, Inc. (WisdomTree), the Index Provider and parent company of WisdomTree Asset Management, Inc. (WisdomTree Asset Management or the Adviser), has created the Index to provide exposure to Japanese equity markets while at the same time hedging or neutralizing exposure to fluctuations in the value of the Japanese yen relative to the U.S. dollar. The Index consists of dividend-paying companies that conduct their Primary Business Activities in Japan, and that list their shares on the Tokyo Stock Exchange, that derive less than 80% of their revenue from sources in Japan. 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. By excluding companies that derive 80% or more of their revenue from Japan, the Index is tilted towards companies with a more significant global revenue base. The companies included in the Index typically have greater exposure to the value of global currencies and, in many cases, their business prospects historically have improved when the value of the yen has declined and have weakened when the value of the yen has increased. To be eligible for inclusion in the Index, a company must meet the following key criteria as of the annual screening date: (i) payment of at least $5 million in gross cash dividends ( i.e. , total dividends paid including capital gains distributions and non-taxable distributions and without excluding taxes, fees and other expenses) on shares of common stock during the preceding annual cycle; (ii) market capitalization of at least $100 million; (iii) median daily dollar trading volume of at least $100,000 for the preceding three months; and (iv) trading of at least 250,000 shares per month for each of the preceding six months. Securities are weighted in the Index based on dividends paid over the prior annual cycle. Companies that pay a greater total dollar amount of dividends are more heavily weighted. On the Indexs annual screening date, the maximum weight of any security in the Index is capped at 5%, and the Index caps the weight of constituents exposed to a single sector (except for the real estate sector) at 25%. The weight of constituents exposed to the real estate sector is capped at 15%. The specified caps and thresholds described above are applied concurrently and in a manner designed to seek to minimize deviation from a constituents initial or intended weighting in the Index. 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 on a pro rata basis 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 Index weight of a sector or individual constituent may fluctuate above or below specified caps and thresholds between rebalance dates in response to market conditions. WisdomTree 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 Industrials, Consumer Discretionary, and Financials 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. The Index hedges against, or seeks to minimize the impact of, fluctuations in the relative value of the Japanese yen and the U.S. dollar. The Index is designed to have higher returns than an equivalent un-hedged investment in Japanese equity securities when the U.S. dollar is going up in value relative to the Japanese yen. Conversely, the Index is designed to have lower returns than an equivalent un-hedged investment in Japanese equity securities when the U.S. dollar is falling in value relative to the Japanese yen. To hedge its currency exposure to the Japanese yen, the Index applies a published one-month forward rate of the Japanese yen in U.S. dollars to the Indexs total equity exposure. Currency forward contracts and/or currency futures contracts are used to hedge the Funds exposure to the Japanese yen. The contract value of currency forward contracts and currency futures contracts in the Fund is based on the aggregate exposure of the Fund and Index to the Japanese yen. While this approach is designed to minimize the impact of currency fluctuations on Fund returns, it does not necessarily eliminate the Funds exposure to all currency fluctuations. The return of the currency forward contracts and currency futures contracts held by the Fund may not fully hedge or completely offset the Funds exposure to the Japanese yen or fluctuations in its value relative to that of the U.S. dollar.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
MITSUBISHI UFJ F $275.16M 4.71%
TOYOTA MOTOR CORP $266.84M 4.56%
TOKIO MARINE HOLDINGS INC COMMON STOCK 8766 $182.96M 3.13%
SUMITOMO MITSUI FINL GROUP INC $179.08M 3.06%
MITSUBISHI CORP $178.79M 3.06%
MITSUI & CO $142.68M 2.44%
JAPAN TOBACCO $141.45M 2.42%
NTT INC 9432 $140.54M 2.40%
MIZUHO FINANCIAL $134.97M 2.31%
TAKEDA PHARMACEU $119.89M 2.05%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
4
Exited
1
Increased
357
Decreased
73
Unchanged
8

How 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.

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Advisers

As of March 31, 2025 · N-CEN
FirmRole
Mellon Investments Corporation Sub-adviser
WisdomTree Asset Management, Inc. Adviser

Footnotes

  1. Expense ratio as of August 1, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. 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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