WisdomTree High-Yielding Equity Fund ETF (DHS)

The WisdomTree High-Yielding Equity Fund ETF (DHS) started trading in mid June 2006. As its name suggests, the ETF tracks the WisdomTree High-Yielding Equity Index, minus expenses and fees. As of July 2008, the ETF owns all the stocks in the index.

The WisdomTree High-Yielding Equity Index tracks the performance of the highest yielding components of the WisdomTree Dividend Index that have market caps over $200 million and average dollar trading volumes of $200,000 or more. The index is weighted by projected cash dividends.

As of July 2008, the WisdomTree High-Yielding Equity Fund ETF has the following sector weightings, composed solely of US stocks:

Basic Materials 6.63%
Communications 13.7%
Consumer Discretionary 2.73%
Consumer Staples/Health care 14.4%
Energy 0.66%
Financial 50.91%
Industrials 0.9%
Technology 0.63%
Utilities 9.11%
Other 0.03%


The ETF is passively managed, with an expense ratio of 0.38%. Its most recent annual portfolio turnover rate was 19%.

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 $0.4332 a share to $0.64422 a share. Distributions may include short term as well as long term capital gains in addition to ordinary income.

As of July 2008, the WisdomTree High-Yielding Equity Fund ETF held 358 stocks.

The ETF's holdings are listed below.