WisdomTree Expands ETF Monthly Payout List

By
November 06, 2012
Share:

WisdomTree, the ETF company known for its funds that screen securities based on dividends and earnings, shifted dividend payments on four more of its ETFs to a monthly schedule from a quarterly one, such that all its U.S.-focused dividend strategies will now make payouts each month.

The four ETFs that will now make monthly distributions, and their assets under management are:

  • WisdomTree Total Dividend Fund (NYSEArca: DTD), $297.3 million
  • WisdomTree LargeCap Dividend Fund (NYSEArca: DLN), $1.26 billion
  • WisdomTree MidCap Dividend Fund (NYSEArca: DON), $386.5 million
  • WisdomTree SmallCap Dividend Fund (NYSEArca: DES), $396.6 million

 

"We believe the new payment schedule will be well received by fund shareholders, particularly by those investors seeking more frequent income distributions from our dividend-focused funds," WisdomTree Chief Executive Officer Jonathan Steinberg said today in a press release.

WisdomTree was able to oblige investors because payment dates of underlying stocks in domestic equity funds vary enough to create a fairly stable—if not identical—monthly income stream, according to WisdomTree Director of Research Jeremy Schwartz.

The changes bring to 11 the total number of WisdomTree funds that make monthly payouts—a number that includes the $571.1 million WisdomTree Equity Income Fund (NYSEArca: DHS) and the $1.18 billion WisdomTree Dividend ex-Financials Fund (NYSEArca: DTN).

The New York-based company still has 31 funds that make quarterly distributions and seven that make annual payments. Payment schedules for those funds aren’t likely to change, as many of the 31 with quarterly payments are foreign funds with payout schedules that would render uneven monthly payouts. The seven others are currency strategies that use currency forwards, all but making annual payments a necessity, Schwartz told IndexUniverse.

 

 

ETF.COM CHANNELS

Trying to figure out alternatives ETFs? Use our alternatives ETFs channel, library and ETF screener!

Want to learn more about smart-beta ETFs? Check out our smart-beta guide, essentials library and ETF screener!

ETF DAILY DATA

Large-cap U.S. equities and U.S. bond funds, particularly Treasury ETFs, captured the bulk of fresh ETF net assets Wednesday, Sept. 2.

'SPY' and 'BIL' paced State Street's issuer-leading inflows Wednesday, Sept. 2, as total U.S.-listed ETF assets rose to $2.010 trillion.

ETF.COM ANALYST BLOGS

By Dave Nadig

With many ETFs currently trading well off fair value, what’s an ETF investor to do? Don’t panic.

By Matt Hougan

Out-of-favor funds can bring attractive returns.

By Matt Hougan

New data from Charles Schwab show that the death of mutual funds is happening faster than we thought.

By Dave Nadig

Grab the popcorn. Precidian just doubled-down on its nontransparent active ETF proposal with the SEC this morning.

ETF INDUSTRY PERSPECTIVE

By John Del Vecchio

An index that goes long financially sound companies and shorts the ones with problematic balance sheets.

By Dan Draper

The nature of retirement is changing. How can investors adapt?

By Invesco PowerShares

A more in-depth look at the smart-beta survey's results.