ELD
WisdomTree Emerging Markets Local Debt FundELD Fund Description
ELD is actively managed and invests in both investment- and noninvestment-grade government and corporate bonds denominated in local currencies.
ELD Factset Analytics Insight
ELD is an actively-managed fund that picks and chooses among all types of debt—sovereign and corporate—issued in over 10 different emerging markets. Thanks to its active structure, ELD's portfolio tilts are fluid: country and currency exposure will ebb and flow. The strategy aims to provide broad coverage of emerging debt markets, so country weightings are capped at 20%. The portfolio aims to have an effective duration of between 2 to 10 years, meaning longer-term debt is largely outside its purview. It's worth noting that the fund uses currency forwards to improve liquidity when trading illiquid securities. The fund sees sizeable daily trading volume with small spreads, but underlying liquidity is inconsistent and may cause issues with block trades. The fund charges a lower fee than many actively-managed ETFs, but one that is still high for an ex-US debt ETF. One word of caution: ELD owns derivatives, which opens investors up to potential counterparty risk.
ELD MSCI ESG Analytics Insight
WisdomTree Emerging Markets Local Debt Fund has an MSCI ESG Fund Rating of BBB based on a score of 4.91 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. WisdomTree Emerging Markets Local Debt Fund ranks in the 37th percentile within its peer group and in the 81st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
ELD CHARTS AND PERFORMANCE
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ELD Top 10 Holdings
ELD Portfolio Data
ELD Portfolio Management
ELD Tax Exposures
ELD Fund Structure
ELD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ELD. ELD is rated a N/A out of 5.
ELD Tradability
ELD Top 10 Holdings
ELD Performance Statistics
ELD MSCI ESG Ratings
ELD HOLDINGS STATISTICS
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ELD MATURITY DISTRIBUTION
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ELD CREDIT BREAKDOWN
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