WTMUWisdomTree Core Laddered Municipal Fund

This information must be preceded or accompanied by a prospectus, click here to view or download prospectus. We advise you to consider the fund's objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the fund. Please read the prospectus carefully before you invest.

There are risks associated with investing, including possible loss of principal. Municipal securities carry various risks, including credit, interest rate, prepayment, and valuation risks. Issuers may face financial difficulties that impact their ability to meet payment obligations. The value of these securities can fluctuate due to changes in revenue sources, local economic and political conditions, and industry-specific downturns (e.g., education, healthcare, transportation, utilities). Additionally, tax-exempt income from municipal securities could become taxable due to regulatory changes or issuer noncompliance, potentially reducing their value. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. While the Fund attempts to limit credit and counterparty exposure, the value of an investment in the Fund may change quickly and without warning in response to issuer or counterparty defaults and changes in the credit ratings of the Fund’s portfolio investments. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

• Weighted Average Coupon: The mean of the coupon rate of the underlying bonds in a portfolio.
• Average Years to Maturity: The mean of the remaining term to maturity of the underlying bonds in contracts the portfolio .
• Effective Duration: Provides a measure of the sensitivity of a fund ’s price to changes in interest rates and is calculated as the weighted average of the individual bond durations. For each bond, it also addresses the fact that interest rate changes can alter expected future bond cash flows through embedded options. The calculation is also expanded to incorporate the contribution of derivatives to the overall interest rate risk sensitivity of the portfolio.
• Average Yield to Maturity: Represents the weighted average yield to maturity of a fund’s investments in money market securities and short-term fixed income securities as of a specified date. Yield to maturity is the rate of return generated on a fixed income instrument assuming interest payments and capital gains or losses as if the instrument is held to maturity. The weighted average yield is calculated based on the market value of each fixed income investment. The calculation does not incorporate yield from any currency forward contracts that might be part of the fund’s investments and does not reflect fund expenses.
• Fund Distribution Yield: Calculated by annualizing the most recent fund distribution and dividing by the current fund net asset value (NAV). The yield represents a single distribution from the fund and does not represent the total returns of the fund.
• SEC 30-Day Yield: Reflects the dividends and interest earned during the period, after the deduction of the fund’s expenses. This is also referred to as the “standardized yield."
• Quality: Credit ratings apply to the underlying holdings of the fund and not to the fund itself. S&P and Moody's study the financial condition of an entity to ascertain its creditworthiness. The credit rating reflects the rating agency’s opinion of the holding’s financial condition and history. The ratings shown are all considered investment grade and are listed, from highest to lowest, in terms of the fund’s holdings.
• Taxable Equivalent Yield (TEY): Enables investors to compare yield on taxable and tax-exempt securities. TEY represents the yield an investment in taxable bonds would have to earn in order to match, after federal income taxes, the yield available on an investment in tax-exempt municipal bonds. TEY for a fund is based on the fund’s SEC 30-day yield and the highest marginal federal income tax rate and calculated as the fund’s SEC 30-day yield/(1 − the highest marginal federal income tax rate). State income and alternative minimum taxes are excluded from the calculation.
• Yield to worst (YTW): Refers to the lesser of a bond’s (a) yield to maturity and (b) the lowest yield to call calculated on each scheduled call date.
• Yield to call (YTC): The rate of return generated on a fixed income investment assuming interest payments and capital gains and losses if a bond is held until a call date on which the issuer redeems the bond before its stated maturity.
• Modified Duration to Worst: Refers to the percentage change in the price of a bond for a 100-basis point change in yield where it is assumed that bonds with embedded options, such as call or put features, will be redeemed on either early call dates or at maturity date, whichever produces the lowest yield for bonds with call features or the highest yield for bonds with put features (the “workout date”). For a portfolio, it is the average of its constituent security modified durations to worst, weighted by full market value.

WisdomTree Funds are distributed by Foreside Fund Services, LLC in the U.S. only. Foreside Fund Services, LLC is not affiliated with Bloomberg.

Neither WisdomTree, Inc., nor its affiliates, nor Foreside Fund Services, LLC, or its affiliates provide tax advice. All references to tax matters or information provided on this site are for illustrative purposes only and should not be considered tax advice and cannot be used for the purpose of avoiding tax penalties. Investors seeking tax advice should consult an independent tax advisor.