WisdomTree Dividend Top 100 Fund ETF (DTN)

The WisdomTree Dividend Top 100 Fund ETF (DTN) started trading in mid June 2006. As its name suggests, the ETF tracks the WisdomTree Dividend Top 100 Index, minus expenses and fees. As of July 2008, the ETF owns all the stocks in the index.

The WisdomTree Dividend Top 100 Index tracks the performance of the 100 highest yielding components of the WisdomTree LargeCap Dividend Index. The LargeCap Index measures the performance of the 300 largest US companies that pay regular cash dividends. The top 100 index is dividend yield weighted.

As of July 2008, the WisdomTree Dividend Top 100 Fund ETF has the following sector weightings, composed solely of US stocks:

Basic Materials 9.26%
Communications 4.93%
Consumer Discretionary 6.98%
Consumer Staples/Health care 19.49%
Energy 1.92%
Financials 38.81%
Industrials 2.98%
Technology 1%
Utilities 14.99%


The ETF is passively managed, with an expense ratio of 0.38%. Its most recent annual portfolio turnover rate was 16%.

Although this is subject to change, it pays dividends on a quarterly basis, in March, June, September, and December. The dividend is irregular, and past distributions have ranged from $0.4973 a share to $0.6081 a share.

As of July 2008, the WisdomTree Dividend Top 100 Fund ETF holds 99 stocks (the underlying index also holds 99) and one fund (a cash equivalent).

The ETF's holdings are listed below. Note that Columbia Cash Reserve is a fund consisting of corporate bonds, commercial paper, municipal bonds, and other debt instruments.