WisdomTree Europe Defense Fund (WDEF)
Company overview
The WisdomTree Europe Defense Fund (WDEF) utilizes a passive management approach, aiming to invest in companies operating within the European defense industry. Instead of holding every single constituent, the fund employs a representative sampling methodology to closely mirror the risk and return characteristics of its underlying index. For a company to be eligible for inclusion, it must be listed in a European country, satisfy specific minimum requirements for size and liquidity, and generate at least 10% of its total revenue from defense-related activities. Eligible securities are then classified into three distinct categories based on their percentage of defense revenue: Category 1 represents 12-25% exposure, Category 2 covers 25-50%, and Category 3 includes those with over 50%. The index imposes individual concentration limits, setting a maximum of 12.5% for companies in the highest exposure Category 3 and 4.5% for those in Categories 1 and 2. Portfolio holdings are predominantly weighted by their free-float market capitalization, with a further adjustment based on their specific level of defense revenue exposure. The underlying index is subject to rebalancing twice per year, specifically in March and September.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
WisdomTree Europe Defense Fund (WDEF)
No price history available.
The WisdomTree Europe Defense Fund (WDEF) utilizes a passive management approach, aiming to invest in companies operating within the European defense industry. Instead of holding every single constituent, the fund employs a representative sampling methodology to closely mirror the risk and return characteristics of its underlying index. For a company to be eligible for inclusion, it must be listed in a European country, satisfy specific minimum requirements for size and liquidity, and generate at least 10% of its total revenue from defense-related activities. Eligible securities are then classified into three distinct categories based on their percentage of defense revenue: Category 1 represents 12-25% exposure, Category 2 covers 25-50%, and Category 3 includes those with over 50%. The index imposes individual concentration limits, setting a maximum of 12.5% for companies in the highest exposure Category 3 and 4.5% for those in Categories 1 and 2. Portfolio holdings are predominantly weighted by their free-float market capitalization, with a further adjustment based on their specific level of defense revenue exposure. The underlying index is subject to rebalancing twice per year, specifically in March and September.
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