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ELD - WisdomTree Emerging Markets Local Debt Fund

Expense Ratio: 0.55%

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ELD Profile

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The WisdomTree Emerging Markets Local Debt Fund (ELD) is an exchange-traded fund (ETF) that invests in local currency-denominated sovereign debt from emerging market countries. The fund seeks to track the performance of the WisdomTree Emerging Markets Local Debt Index, which is comprised of local currency bonds issued by emerging market governments.

ELD is designed to provide investors with exposure to emerging market debt while reducing the currency risk associated with traditional dollar-denominated debt. The fund's holdings are denominated in local currencies, which can help to insulate investors from fluctuations in the value of the U.S. dollar.

As of March 23, 2023, the ELD had total net assets of approximately $1.48 billion. The fund's top holdings included bonds issued by the governments of Brazil, Indonesia, and Mexico. The majority of the fund's holdings were invested in bonds rated below investment grade, or &";junk&"; bonds.

Investors in ELD should be aware of the risks associated with investing in emerging market debt. These risks include currency risk, default risk, and political risk. Fluctuations in exchange rates can have a significant impact on the value of the fund's holdings, and investors should be prepared for potential losses if the value of the local currency declines relative to the U.S. dollar. In addition, emerging market governments may be more likely to default on their debt than governments in developed countries, which can also result in significant losses for investors.

Overall, ELD may be appropriate for investors seeking exposure to emerging market debt while managing currency risk. However, investors should carefully consider the risks associated with this type of investment before making a decision


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