WisdomTree, begun trading a new Global Ex-Mexico ETF, the WisdomTree Global ex-Mexico Equity Fund (NyseArca: XMX), on Friday, February 10, 2017. Here is a synopsis of the new ETF:
FUND INFORMATION:
| Symbol: XMX | Exchange: NYSE ARCA |
| Name: WisdomTree Global ex-Mexico Equity Fund | Net Expense Ratio: 0.30% |
FUND OBJECTIVE:
The WisdomTree Global ex-Mexico Equity Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-Mexico Equity Index.
REFERENCE INDEX:
The WisdomTree Global ex-Mexico Equity Index is a float-adjusted market capitalization weighted index that is comprised of the equity securities of companies in developed countries and emerging markets throughout the world, excluding Mexico, that meet certain size and volume requirements. The starting universe of the Index consists of the largest 2,000 equity securities based on float-adjusted market capitalization that meet the following eligibility requirements:
To be eligible for inclusion in the Index as a U.S. constituent, a company must meet the following criteria:
(i) incorporated and domiciled in the U.S.,
(ii) listed on the New York Stock Exchange (NYSE), the NASDAQ Global Select Market, or the NASDAQ Global Market,
(iii) float-adjusted market capitalization of at least $100 million as of the annual Index screening date, and
(iv) average daily dollar trading volume of at least $100,000 for three months preceding the annual Index screening date.
To be eligible for inclusion in the Index as a constituent from the remainder of the developed world, a company must meet the following criteria:
(i) incorporated and/or domiciled in one of the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, or the United Kingdom,
(ii) listed on an exchange in one of the aforementioned countries,
(iii) float-adjusted market capitalization of at least $100 million as of the annual Index screening date,
(iv) average daily dollar trading volume of at least $100,000 for three months preceding the annual Index screening date, and
(v) trading of at least 250,000 shares per month for each of the six months preceding the annual Index screening date.
To be eligible for inclusion in the Index as an emerging market constituent, a company must meet the following criteria:
(i) incorporated and/or domiciled in one of the following countries: Brazil, Bulgaria, Chile, China, Colombia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Iceland, India, Korea, Latvia, Lithuania, Malta, Peru, Poland, Romania, Slovakia, or Slovenia,
(ii) listed on an exchange in one of the aforementioned countries,
(iii) float-adjusted market capitalization of at least $200 million as of the annual Index screening date,
(iv) average daily dollar trading volume of at least $200,000 for each of the six months preceding the annual Index screening date, and
(v) trading of at least 250,000 shares per month for each of the six months preceding the annual Index screening date.
These securities are weighted in the Index based on their float-adjusted market capitalization. “Float-adjusted” market capitalization means that the share amounts used in calculating a company’s market capitalization reflect only shares available to investors. The maximum weight of any one sector in the Index, at the time of the Index’s annual screening date, is capped at 25%; however, sector weights may fluctuate above the specified cap in response to market conditions and/or the application of volume factor adjustments. The Adviser expects that, under normal circumstances, non-U.S. equity securities will comprise at least 40% of the Fund. In addition, the Index methodology includes volume factor adjustments such that if a component security does not meet certain trading volume thresholds, either (i) the security will be eliminated from inclusion in the Index or (ii) its weight in the Index will be reduced and reallocated pro rata among the other securities, in accordance with the rules-based Index methodology.
Fund Top Holdings (02/10/17):
| Apple Inc | 1.83% |
| Microsoft Corp | 1.32% |
| Alphabet Inc-Cl A | 0.96% |
| Exxon Mobil Corp | 0.89% |
| Amazon.com Inc | 0.89% |
| Facebook Inc | 0.84% |
| Johnson & Johnson | 0.79% |
| JPMorgan Chase & Co | 0.77% |
| Berkshire Hathaway Inc | 0.74% |
| General Electric Co | 0.68% |
Fund Top Country Allocation (02/10/17):
| United States | 57.93% |
| Japan | 8.43% |
| United Kingdom | 6.44% |
| Canada | 3.41% |
| Switzerland | 3.28% |
| France | 3.27% |
| Germany | 2.98% |
| Australia | 2.21% |
| China | 1.85% |
| South Korea | 1.46% |
Useful Links:
XMX Home Page