WTAI

WisdomTree Artificial Intelligence and Innovation Fund

WTAI tracks an equally-weighted index of globally-listed stocks whose businesses are derived from artificial intelligence and innovation. Selection and weighting are overseen by a committee.


Global Equities

EQUITY

Rules-Based

MANAGEMENT STYLE

45 bp

EXPENSES

$269.6 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorWisdomTree
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateDec 07, 2021
Assets (mns)$270
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionCommittee
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
META PLATFORMS INC 2.5 %
ADVANCED MICRO DEVICES 2.0 %
ASML HOLDING NV-NY REG SHS 2.0 %
NVIDIA CORP 2.0 %
RECURSION PHARMACEUTICALS, INC CLASS A 1.9 %
QUALCOMM INC 1.8 %
ALPHABET INC. CLASS A 1.7 %
MICROSOFT CORP 1.7 %
CROWDSTRIKE HOLDINGS, INC. CLASS A 1.7 %
NXP SEMICONDUCTORS NV 1.6 %
Constituent Breakdown
Number of holdings79
Herfindahl-Hirschman Index 125
Wgt avg mkt cap (mns)$301,201
Large cap (>$10bn)71.5%
Mid cap ($2-10bn)17.8%
Small cap (<$2bn)10.8%
Developed mkts.88.0%
Emerging mkts.12.0%
Country Exposure
UNITED STATES 71.4 %
TAIWAN 7.4 %
SOUTH KOREA 4.2 %
NETHERLANDS 3.6 %
BRITAIN 2.7 %
SWITZERLAND 1.3 %
JAPAN 0.9 %
SWEDEN 0.8 %
Historical Performance


Standardized Annual Returns (as of 05/31/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-3.2% 9.8% 7.9% -- -- -- -1.1%
Market Correlations
versus...BetaR-squared
S&P 5001.4168%
MSCI EAFE1.3459%
MSCI Emg Mkts1.2655%
Liquidity Measures
Avg. volume (000)237
Turnover1.8%
Avg. Bid/Ask (% of price)0.13%
ADV of underlying (mns)$146,049
Technical Indicators
Recent close$20.27
30d moving avg.$20.10
Annualized volatility32.8%
Relative strength (RSI)80
Short interest (ETF)0.4%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: WTAI vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
4.5 46.7 4.3 0.5% --
Based on closing prices from 6/11/2024
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SHOWING:
Price-to-Earnings
WTAI



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

WTAI

1.3%

Cat. Avg

3.8%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™1.3%
Recommendation

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

Category Overview
There are 344 funds in the Global Equities category, with an average ALTAR Score™ of 3.8% and a standard deviation of 4.7%. WTAI's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places WTAI in the 30rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
WTAI
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
WTAI 45.0 13.1 58.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .