WisdomTree MidCap Dividend ETF surpasses $1 billion in assets

May 7th, 2014 | By | Category: Equities

WisdomTree, a global provider of exchange-traded funds, has announced that its fundamentally weighted WisdomTree MidCap Dividend Fund (DON) recently surpassed $1 billion in assets.

WisdomTree MidCap Dividend ETF surpasses $1 billion in assets

Luciano Siracusano, Chief Investment Strategist, WisdomTree.

Listed on the NYSE Arca, the ETF provides exposure to the mid-cap segment of the US dividend-paying equity market.

Luciano Siracusano, WisdomTree Chief Investment Strategist, commented: “There are a variety of dividend-focused funds and investment strategies, but we believe The WisdomTree MidCap Dividend Fund (DON) provides the broadest exposure to the mid-cap segment of the US dividend-paying market. For investors looking for potential dividend income in a portfolio, we believe DON could serve as a core exposure to the US mid-cap asset class.”

The fund is linked to the in-house WisdomTree MidCap Dividend Index. The index measures the performance of the mid-capitalization segment of the US dividend-paying market, and includes almost 400 companies with a combined market capitalization of more than $2 trillion.

The index selects stocks from a universe of dividend-paying equities based on their relative market capitalization, and then weights each constituent annually to reflect the proportionate share of the aggregate cash dividends each component company is projected to pay to shareholders, based on its most recently declared dividend per share.

Major holdings currently include Windstream Holdings, Frontier Communications, Diamond Offshore Drilling, Ameren, Wisconsin Energy, Pepco Holdings, Dr Pepper Snapple Group, Maxim Integrated Products, CVR Energy and Scana.

The fund has an expense ratio 0.38%.

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