Investment objective & strategy
As of Oct. 28, 2024 · prospectusObjective. The WisdomTree Battery Value Chain and Innovation Fund (the Fund) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Battery Value Chain and Innovation Index (the Index).
Strategy. The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. The Index is designed to provide exposure to equity securities of exchange-listed companies globally, which are primarily involved in the investment themes of Battery and Energy Storage Solutions (BESS) and Innovation. WisdomTree, Inc., the Index Provider and parent company of the Funds investment adviser, WisdomTree Asset Management, Inc. (WisdomTree Asset Management or the Adviser), defines companies in the value chain of BESS into four categories: (i) Raw Materials - companies that focus on raw battery materials mining or extracting or processing chemicals related to electrochemical storage; (ii) Manufacturing - companies that process battery materials or otherwise develop, build or manufacture battery cells, … The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. The Index is designed to provide exposure to equity securities of exchange-listed companies globally, which are primarily involved in the investment themes of Battery and Energy Storage Solutions (BESS) and Innovation. WisdomTree, Inc., the Index Provider and parent company of the Funds investment adviser, WisdomTree Asset Management, Inc. (WisdomTree Asset Management or the Adviser), defines companies in the value chain of BESS into four categories: (i) Raw Materials - companies that focus on raw battery materials mining or extracting or processing chemicals related to electrochemical storage; (ii) Manufacturing - companies that process battery materials or otherwise develop, build or manufacture battery cells, packs and/or components; (iii) Enablers - companies that develop the battery building block components or provide complementary products or technologies, including raw materials recycling, grid and installation products or services, charging infrastructure, electric vehicles and consumer electronics and devices; or (iv) Emerging Technologies - companies that use new battery storage technologies or develop new applications related to batteries or energy storage (collectively, Battery Value Chain Activities). The Index Provider defines companies in the theme of Innovation as those that introduce a new, creative, or different ( i.e., innovative) technologically enabled product or service in seeking to potentially change an industry landscape, as well as companies that service those Innovative technologies. The Index Provider identifies Innovation-related companies by reference to classifications made by independent firms, through public company filings and/or by identifying companies that derive a significant portion of their revenues from the manufacture, sale and/or service of Innovative products or services. To be eligible for inclusion in the Index, a company must derive at least 50% of its revenue from one or more of the Battery Value Chain Activities or Innovation as defined above as of the Index screening date. The Index Provider expects that at least 50% of the Index constituent weight will meet the definition of Battery Value Chain Activities. In addition to meeting the definition of either Battery Value Chain Activities or Innovation, to be eligible for inclusion in the Index, a company must also meet the following criteria as of the Index screening date: (i) have a market capitalization of at least $250 million; and (ii) have a median daily dollar trading volume of at least $1 million for each of the preceding three months. The Index is reconstituted and rebalanced semi-annually. The Index Provider 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 comprised 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 September 30, 2024, the Index had significant exposure ( e.g., approximately 15% or more of the Indexs total weight) to the Industrials and Materials Sectors. To the extent the Indexs constituents are concentrated ( i.e. , holds more than 25% of constituents) in the securities of companies assigned to a particular industry or group of industries, the Fund will seek to concentrate its investments in such industry or group of industries to approximately the same extent as the Index. As of September 30, 2024, the equity securities of companies domiciled in or otherwise tied to China, Europe (including exposure to Germany), the United States, and Japan, comprised a significant portion ( e.g. , approximately 15% or more of the Indexs total weight) of the Index, although the Indexs geographic exposure may change from time to time. As a result, the Fund can be expected to also have significant exposure to these countries and/or regions.
Top holdings
As of March 31, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BLOOM ENERGY CORP CL A | — | $176.55K | 6.78% |
| ROLLS-ROYCE HOLDINGS PLC | — | $123.92K | 4.76% |
| JOBY AVIATION INC | — | $112.89K | 4.34% |
| Common Stock | BMW | $100.68K | 3.87% |
| DREY INST PREF GOV MM-M | DSVXX | $98.22K | 3.77% |
| ENERSYS INC | — | $91.21K | 3.50% |
| MITSUBISHI HEAVY INDS LTD | — | $74.32K | 2.86% |
| KONGSBERG GRUPP | — | $62.95K | 2.42% |
| AURUBIS AG | — | $60.93K | 2.34% |
| E.ON SE | — | $53.95K | 2.07% |
Portfolio moves
Dec 31, 2024 → Mar 31, 2025How 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. |
|---|---|---|
| Mast Global Battery Recycling & Production ETF · EV | 15% | 0.65% |
| NYLI Cleaner Transport ETF · CLNR | 12% | 0.45% |
| JPMorgan International Hedged Equity Fund · JIHRX, JIHAX, JIHIX, JIHCX | 8% | 0.45% |
Footnotes
- Expense ratio as of October 28, 2024, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2025, from the fund's N-PORT filing.
- Total return for calendar year 2024, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2024 (the latest prospectus does not yet chart this year).
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