DYLSWisdomTree Dynamic Long/Short U.S. Equity Fund
DYLS Fund Description
The WisdomTree Dynamic Long/Short U.S. Equity ETF tracks an index with 100% long exposure and variable short exposure to US stocks. Fundamental factors drive the short allocation and long stock selection. The long basket is vol-weighted; the short basket is cap-weighted.
DYLS Factset Analytics Insight
For a low fee, DYLS offers long/short US equity exposure emphasizing rules-based, fundamental analysis. The fund maintains a 100% long position at all times, and varies its short exposure from 0% to 100% based on growth and value factors. The long equity basket of about 100 large- and midcap names is also selected by fundamental factors. It’s weighted by inverse volatility, an unusual feature in this space. The short basket is more diverse, with 500 cap-weighted names.
DYLS uses swaps for its short exposure, which helps keep the headline fee low—peer funds with direct short positions typically report the short expense as part of the fee. Short expenses (when the fund is short)—aren’t part of DYLS’s fee but will still flow through to its bottom line. Still, the fund’s fee is cheap for a long/short fund. In sum, the fund’s allocation scheme leans toward net long (as do many peers) while its rules-based bottom-up stock analysis drives the short allocation and long stock selection. Note: Sister fund DYB has the same sub-indexes but has more assertive short exposure.
DYLS MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 20, 2018 the WisdomTree Dynamic Long/Short U.S. Equity Fund MSCI ESG Fund Quality Score is 5.05 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. DYLS ranks in the 57th percentile within its peer group and in the 36th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
DYLS CHARTS AND PERFORMANCE
DYLS Summary Data
DYLS Portfolio Data
DYLS Index Data
DYLS Portfolio Management
DYLS Tax Exposures
DYLS Fund Structure
DYLS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DYLS. DYLS is rated a 5 out of 5.
DYLS Asset Allocation