 The
WisdomTree International SmallCap Fund (DLS) is an exchange-traded
fund (ETF) that seeks to track the investment results of
small-capitalization companies in developed markets outside of the
United States. The fund uses a passive management approach and employs
a fundamentally weighted indexing strategy, meaning that it weights
the companies in the index by fundamental factors such as revenue,
earnings, and dividends, rather than market capitalization.
DLS
invests in small-cap companies from developed countries, excluding the
United States and Canada. This focus on small-cap stocks offers
investors exposure to companies that may have greater growth potential
than larger, more established companies. However, small-cap stocks are
often more volatile than larger stocks, and may carry higher levels of
risk.
The fund's portfolio is well-diversified across countries
and sectors, with no single holding accounting for more than 1% of the
portfolio. As of September 30, 2021, the fund held over 800 stocks,
with the largest country exposures in Japan, the United Kingdom, and
France. The fund's expense ratio is 0.58%, which is relatively low for
an international small-cap ETF.
Overall, DLS can be a good
option for investors seeking exposure to small-cap companies outside
of the United States, but investors should be aware of the potential
risks associated with small-cap investing and the inherent risks of
international investing.
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