JDG Closed 03/22/2017
WisdomTree begun trading the WisdomTree Japan Dividend Growth Fund (NYSE Arca: JDG) on Thursday, May 28, 2015.
Here is a synopsis of the new ETF:
|Symbol: JDG||Exchange: NYSE Arca|
|Name: WisdomTree Japan Dividend Growth Fund||Net Expense Ratio: 0.43%|
The WisdomTree Japan Dividend Growth Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Dividend Growth Index.
The WisdomTree Japan Dividend Growth Index consists of dividend paying common stocks of Japanese companies with growth characteristics. The Index is a dividend weighted index that is generally comprised of the 300 companies incorporated in Japan that list their shares on the Tokyo Stock Exchange, meet the Index eligibility criteria, and have the best combined rank of certain growth and quality factors: specifically, long-term earnings growth expectations, return on equity, and return on assets.
To be eligible for inclusion in the Index, a company must meet the following criteria:
(i) payment of at least $5 million in cash dividends on common shares in the annual cycle prior to the annual Index screening date,
(ii) have a market capitalization of at least $1 billion as of the Index screening date,
(iii) have an average daily dollar volume of at least $100,000 for each of the 3 months preceding the Index screening date,
(iv) have a calculated volume factor (the average daily dollar volume for 3 months preceding the Index screening date divided by the weight of the security in the Index) that is greater than $200 million, and
(v) have trading of at least 250,000 shares per month for each of the 6 months preceding the Index screening date.
Securities are weighted in the Index based on dividends paid over the prior annual cycle. Companies that pay a greater total dollar amount of dividends are more heavily weighted. At the time of the Index’s annual screening date, the maximum weight of any security in the Index is capped at 5% and the maximum weight of any one sector in the Index is capped at 20%, subject to the following volume factor adjustment. In response to market conditions and/or the volume factor adjustment discussed below, security and sector weights may fluctuate above their specified caps between annual Index screening dates. In the event that a company has a calculated volume factor that is less than $400 million as of the annual Index screening date, the company’s weight in the Index will be reduced. The company’s reduced weight is calculated by multiplying the company’s weight in the Index, based on dividends paid over the prior annual cycle as adjusted for security and sector caps, as determined on the annual Index screening date by the fraction of its current volume factor divided by $400 million.
The Index was established with a base value of 200 on February 28, 2014 and is calculated in US dollars and is updated to reflect market prices and exchange rates. Closing or last-sale prices are used when non-U.S. markets are closed.
Index Top Consituents (05/27/15):
|NTT DoCoMo Inc||5.60%|
|Nippon Telegraph & Telephone C||5.45%|
|Japan Tobacco Inc||4.71%|
|Toyota Motor Corp||4.28%|
|Honda Motor Co Ltd||2.34%|
|Nissan Motor Co Ltd||2.33%|
|Mitsui & Co Ltd||1.71%|
Industry Group Breakdown (05/27/15):
|Automobiles & Components||15.35%|
|Technology Hardware & Equipment||11.37%|
|Food Beverage & Tobacco||6.62%|
|Pharmaceuticals Biotechnology & Life Sciences||4.38%|
|Software & Services||3.31%|
|Food & Staples Retailing||2.69%|
JDG Home Page
See all Japan ETFs here.