ELD
WisdomTree Emerging Markets Local Debt FundELD Fund Description
The WisdomTree Emerging Markets Local Debt Fund 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
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 September 24, 2018 the WisdomTree Emerging Markets Local Debt Fund MSCI ESG Fund Quality Score is 4.79 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. ELD ranks in the 68th percentile within its peer group and in the 24th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
ELD CHARTS AND PERFORMANCE
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ELD Top 10 Countries
ELD Top 10 Sectors
ELD Top 10 Holdings [View All]
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 2 out of 5.
ELD Tradability
ELD Sector/Industry Breakdown
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ELD Top 10 Holdings[View All]
ELD Top 5 Countries
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ELD Top 5 Currencies
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ELD Economic Development
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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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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.