CXSE

WisdomTree China ex-State-Owned Enterprises Fund

WisdomTree China ex-State-Owned Enterprises Fund seeks to track the investment results of Chinese companies that are not state-owned enterprises, which is defined as government ownership of greater than 20%.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

426.2 M

ASSETS UNDER MGMT

32 bp

EXPENSES
Fund Basics
Fund sponsorWisdomTree Asset Management In
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateSep 19, 2012
Assets (mns)$426
Expense ratio32 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionPrinciples-based
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TENCENT HOLDINGS LTD 11.2 %
ALIBABA GROUP HOLDING LTD. 10.9 %
MEITUAN DIANPING 4.2 %
CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD 3.4 %
PINDUODUO, INC. SPONSORED ADR CLASS A 3.2 %
PING AN INSURANCE (GROUP) COMPANY OF CHI 2.5 %
JD.COM, INC. CLASS A 2.1 %
NETEASE, INC 1.7 %
PING AN INSURANCE GROUP CO-H 1.6 %
BYD CO LTD-H 1.5 %
Constituent Breakdown
Number of holdings202
Herfindahl-Hirschman Index 331
Wgt avg mkt cap (mns)$147,580
Large cap (>$10bn)79.3%
Mid cap ($2-10bn)19.0%
Small cap (<$2bn)1.6%
Developed mkts.17.3%
Emerging mkts.82.8%
Country Exposure
CHINA 90.9 %
HONG KONG 3.8 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 11.9% 30.2% 0.3% -8.2% -3.1% 3.6% 3.8%
Volatility 27.7% 33.8% 30.6% 35.7% 33.7% 30.7% --
Market Correlations
versus...BetaR-squared
S&P 5000.353%
MSCI EAFE0.8617%
MSCI Emg Mkts1.5958%
Liquidity Measures
Avg. volume (000)45
Turnover0.4%
Avg. Bid/Ask (% of price)0.18%
ADV of underlying (mns)$22,862
Technical Indicators
Recent close$34.03
30d moving avg.$34.50
Annualized volatility36.3%
Relative strength (RSI)54
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: CXSE vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025E 2026E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2024 2025E Fwd Est 2026E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.4 6.6 1.3 1.8% --
Based on closing prices from 4/2/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
CXSE



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

CXSE

17.8%

Cat. Avg

9.9%


ALTAR Score™ Calculation

Category Overview
There are 156 funds in the Emerging Equity category, with an average ALTAR Score™ of 9.9% and a standard deviation of 4.1%. CXSE's ALTAR Score™ is approximately 1.9 standard deviations above the category average. This places CXSE in the 97th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

CXSE
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
CXSE (32 bp) Percentile rank 13
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
CXSE 32.0 18.4 50.4
Peer Avg. 62.0 45.1 107.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .