The WisdomTree Government Money Market Digital Fund is designed to provide investors with a high level of current income consistent with preservation of capital and liquidity and the maintenance of a stable $1.00 net asset value (NAV) per share.
- Provide investors a high level of current income consistent with the preservation of capital and liquidity and the maintenance of a stable net asset value through investments in short-term government securities
- It has a 0.25% expense ratio and only a $1 minimum to invest.
- Shares will be secondarily recorded using on-chain recordkeeping on the Stellar or Ethereum blockchain. The Fund will not directly or indirectly invest in any assets that rely on blockchain technology, such as cryptocurrencies. The Fund uses blockchain technology to maintain a secondary record of its shares.
- The Fund is available exclusively through the WisdomTree Prime financial app.
Profile As of 4/2/2024 | |
|---|---|
| Expense Ratio | 0.25% |
| CUSIP | 97717K782 |
| Total Assets (000) | $5,384 |
| Shares Outstanding | 5,383,822 |
| Inception Date | 11/7/2023 |
Characteristics As of 4/2/2024 | |
|---|---|
| 7-Day Yield | 5.13% |
| 7-Day Compound Effective Yield | 5.26% |
| Weighted Average Life (in days) | 50.0 |
| Weighted Average Maturity (in days) | 25.0 |
Performance data shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than that quoted. The Fund’s yield may be affected by changes in interest rates and changes in credit ratings. Income and/or dividends are not guaranteed.
Net Asset Value As of 4/2/2024 | |
|---|---|
| NAV | $1.00 |
| Change | - |
| Change % | - |
| Month End Performance 2/29/2024 | Cumulative | Average Annual | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Name | 1 Month | 3 Month | YTD | Since Inception 11/7/2023 | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception 11/7/2023 |
| NAV Returns | 0.41% | 1.29% | 0.85% | 1.63% | - | - | - | - | 1.63% |
| ICE US 1-Month Treasury Bill Index | 0.41% | 1.33% | 0.85% | 1.67% | - | - | - | - | 1.67% |
| Quarter End Performance 12/31/2023 | Cumulative | Average Annual | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Name | 1 Month | 3 Month | YTD | Since Inception 11/7/2023 | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception 11/7/2023 |
| NAV Returns | 0.44% | - | - | 0.78% | - | - | - | - | 0.78% |
| ICE US 1-Month Treasury Bill Index | 0.47% | - | - | 0.81% | - | - | - | - | 0.81% |
You cannot invest directly in an index.
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. The 7-day yield quotation more closely reflects the current earnings of the money market fund than the total return.
Total returns assume the reinvestment of all distributions and the deduction of all fund expenses.
| CUSIP | Issuer | Category of Investment | Effective Maturity Date | Final Maturity Date | Coupon Rate or Yield | Principal Amount | Value | Weight (As of 3/28/2024) |
|---|---|---|---|---|---|---|---|---|
| 912797JQ1 | TREASURY BILL | U.S. Treasury Debt | 4/30/2024 | 4/30/2024 | 5.38% | $3,183,000.00 | $3,169,921.05 | 59.02% |
| 3130AVJ78 | FEDERAL HOME LOAN BANK BONDS | U.S. Government Agency Debt | 4/26/2024 | 4/26/2024 | 5.33% | $555,000.00 | $554,934.71 | 10.33% |
| 3130AYQR0 | FEDERAL HOME LOAN BANK BONDS | U.S. Government Agency Debt | 4/1/2024 | 6/3/2024 | 5.33% | $500,000.00 | $500,000.00 | 9.31% |
| 3130AYQK5 | FEDERAL HOME LOAN BANK BONDS | U.S. Government Agency Debt | 4/1/2024 | 8/27/2024 | 5.34% | $395,000.00 | $395,000.00 | 7.35% |
| 3130AYSF4 | FEDERAL HOME LOAN BANK BONDS | U.S. Government Agency Debt | 4/1/2024 | 7/9/2024 | 5.33% | $250,000.00 | $250,000.00 | 4.65% |
| 91282CEL1 | US TREASURY FRN | U.S. Treasury Debt | 4/2/2024 | 4/30/2024 | 0.26% | $250,000.00 | $249,975.01 | 4.65% |
| 313385AK2 | FED HOME LN DISCOUNT NT DISCOUNT NOT | U.S. Government Agency Debt | 1/10/2025 | 1/10/2025 | 4.93% | $100,000.00 | $96,331.66 | 1.79% |
| 3133ENL81 | FEDERAL FARM CREDIT BANK BONDS | U.S. Government Agency Debt | 4/1/2024 | 9/16/2024 | 5.42% | $80,000.00 | $79,995.28 | 1.49% |
| 3130AMLQ3 | FEDERAL HOME LOAN BANK BONDS | U.S. Government Agency Debt | 4/1/2024 | 5/20/2024 | 5.39% | $50,000.00 | $49,999.55 | 0.93% |
| 3130ARJ44 | FEDERAL HOME LOAN BANK BONDS | U.S. Government Agency Debt | 4/22/2024 | 4/22/2024 | 2.40% | $25,000.00 | $24,956.70 | 0.46% |
| Date | Daily Liquid Assets | Weekly Liquid Assets | Market-Based NAV | Amortized NAV | Daily Net Shareholder Cash Flow | |
|---|---|---|---|---|---|---|
| 4/2/2024 | 63.31% | 63.31% | $1.0001 | $1.0000 | -$9,724.19 | |
| 4/1/2024 | 76.94% | 76.94% | $1.0000 | $1.0000 | $23,697.65 | |
| 3/28/2024 | 76.94% | 76.94% | $1.0001 | $1.0000 | -$79.74 | |
| 3/27/2024 | 79.33% | 79.33% | $1.0001 | $1.0000 | $7,099.01 | |
| 3/26/2024 | 53.48% | 69.06% | $1.0001 | $1.0000 | -$6,225.02 | |
| 3/25/2024 | 76.92% | 76.92% | $1.0000 | $1.0000 | $2,508.25 | |
| 3/22/2024 | 76.90% | 76.90% | $0.9997 | $1.0000 | $361.00 | |
| 3/21/2024 | 76.90% | 76.90% | $0.9998 | $1.0000 | $77.00 | |
| 3/20/2024 | 65.22% | 65.22% | $1.0001 | $1.0000 | $10.00 | |
| 3/19/2024 | 65.22% | 65.22% | $1.0001 | $1.0000 | $12.99 |
Important Risk Information
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. Because the Fund is new, it has no performance history. Blockchain technology is a relatively new and untested technology, with little regulation. Potential risks include vulnerability to fraud, theft, or inaccessibility, and future regulatory developments effect its viability.
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s adviser is not required to reimburse the Fund for losses, and you should not expect that the adviser will provide financial support to the Fund at any time, including during periods of market stress.
The Fund is actively managed using proprietary investment strategies and processes. There can be no guarantee that these strategies and processes will be successful or that the Fund will achieve its investment objective. Poor security selection could cause the fund to underperform relevant benchmarks or other funds with a similar investment objective. U.S. Treasury obligations may provide relatively lower returns than those of other securities. Changes to the financial condition or credit rating of the U.S. government may cause the value to decline. Fixed income securities are subject interest rate, credit, inflation, and reinvestment risks. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a money market security to decrease. Generally, as interest rates rise, the value of fixed-income securities falls. Cybersecurity attacks affecting the Fund’s third-party service providers, App, blockchain network, or the issuers of securities in which the Fund invests may subject the Fund to many of the same risks associated with direct cybersecurity breaches.
Blockchain Fees, Functionality and Transaction Processing.
A blockchain is an open, distributed ledger that digitally records transactions in a verifiable and immutable (i.e., permanent) way using cryptography. A distributed ledger is a database in which data is stored in a decentralized manner. Cryptography is a method of storing and transmitting data in a particular form so that only those for whom it is intended can read and process it. A blockchain stores transaction data in “blocks” that are linked together to form a “chain”, and hence the name blockchain. Users of blockchains, such as Stellar and Ethereum, must pay transaction fees to the blockchain in order to validate a transaction, which in the case of Stellar and Ethereum is in the form of lumens or ether, the native digital asset for the operation of Stellar and Ethereum, respectively. These transaction fees will be the responsibility of WisdomTree Digital Management or its affiliates; Fund investors will not be required to purchase any such blockchain native digital currency, such as lumens or ether.
Definitions
- 7-Day Yield – The current yield reflects the current earnings of the fund, while the total return refers to a specific past holding period. The 7-Day Yield is the average income return over the previous seven days, assuming the rate stays the same for one year. It is the Fund's total income net of expenses, divided by the total number of outstanding shares and includes any applicable waiver or reimbursement. Absent such waivers or reimbursements, the returns would have been lower.
- 7-day Compound Effective Yield – The effective yield is a measure of return on a money market instrument, assuming the interest payments are reinvested. If payments are reinvested, then this effective yield will be greater than the stated 7-day yield, due to the effect of compounding. Reinvesting the interest will produce a higher yield, because interest is earned on the interest payments, as well as on the principal.
- Amortized NAV – The Amortized NAV is calculated using the amortized cost method of accounting to value fund securities.
- Market-Based NAV – The Market-Based NAV is calculated using current market quotes (or an appropriate substitute that reflects current market conditions) to value fund securities. The Fund does not currently transact using its Market-Based NAV.
- Weighted Average Life (WAL) – For money market funds, this is the weighted average of the life of the securities held in a fund or portfolio and can be used as a measure of sensitivity to changes in liquidity and/or credit risk. Generally, the higher the value, the greater the sensitivity. WAL is based on the dollar-weighted average length of time until principal payments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shortening features other than interest rate resets. For money market funds, the difference between WAM and WAL is that WAM takes into account interest rate resets and WAL does not.
- Weighted average maturity (WAM) – The weighted average maturity of the portfolio represents the market-weighted average of the maturities of the portfolio's individual holdings. A money market fund in the United States must maintain a weighted average maturity of 60 days or fewer.
- Daily Liquid Assets – Daily liquid assets is a term defined in US SEC Rule 2a-7 (which governs money market funds) and includes cash, direct obligations of the US government and securities that mature or are subject to a demand feature exercisable and payable within one business day.
- Weekly Liquid Assets – Weekly liquid assets as defined in US SEC Rule 2a-7 (which governs money market funds) includes cash, direct obligations of the US government, certain securities issued by US government instrumentalities with a remaining maturity date of 60 days or less, and securities that mature or are subject to a demand feature exercisable and payable within five business days.
- Bloomberg U.S. Short Aggregate Composite Index - The Bloomberg U.S. Short Aggregate Composite Index (“Short Agg Composite” ) is a broad-based benchmark that measures the investment grade, US dollar -denominated, fixed-rate taxable bond market with a focus on issues maturing from 1 to 5 years.
- Bloomberg U.S. Short Aggregate Enhanced Yield Index - The Bloomberg U.S. Short Aggregate Enhanced Yield Index (“Short Agg Enhanced Yield” ) is designed to achieve a higher yield than the 1-5-year segment of the Bloomberg U.S. Aggregate Index (“Short Agg”) while broadly retaining similar risk characteristics.
Privacy Policy Terms of Service
Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. U.S. investors only: To obtain a prospectus containing this and other important information, please call 866.909.WISE (9473), or click here to view or download a prospectus online. Read the prospectus carefully before you invest. There are risks involved with investing, including the possible loss of principal. Past performance does not guarantee future results.
WisdomTree Funds are distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with the other entities. The principal underwriter of the WisdomTree Digital Funds is Foreside Fund Services, LLC and is not the principal underwriter for any other products mentioned. Foreside is not affiliated with WisdomTree, WisdomTree Securities, Inc., WisdomTree Prime, WisdomTree Digital Trust nor any other entity or products mentioned. WisdomTree Digital mutual funds transactions are facilitated through WisdomTree Securities, Inc.
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There are risks associated with investing, including possible loss of principal.
A blockchain is an open, distributed ledger that digitally records transactions in a verifiable and immutable (i.e., permanent) way using cryptography. A distributed ledger is a database in which data is stored in a decentralized manner. Cryptography is a method of storing and transmitting data in a particular form so that only those for whom it is intended can read and process it. A blockchain stores transaction data in “blocks” that are linked together to form a “chain”, and hence the name blockchain. Blockchain technology is a relatively new and untested technology, with little regulation. Blockchain systems could be vulnerable to fraud, particularly if a significant minority of participants colluded to defraud the rest. Potential risks also include vulnerability to theft, or inaccessibility, and future regulatory developments could affect its viability.
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