WisdomTree High Income Laddered Municipal Fund
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Nov 30, 2025 · source: SEC N-PORT. Full holdings & prospectus →
About WTMY
The Fund seeks to achieve its investment objective primarily throughinvestments in municipal debt securities whose interest payments generally are exempt from U.S. federal income taxes. Under normal circumstances,the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in high income municipaldebt securities. For these purposes, municipal debt securities include debt obligations issued by state and local governments, theirpolitical subdivisions, agencies, and public authorities, and certain other governmental issuers (such as the U.S. territories of PuertoRico, Guam, and the U.S. Virgin Islands). Municipal debt securities in which the Fund may invest also include participations or otherinterests in municipal securities backed by banks, insurance companies, and other financial institutions. High income municipal debtsecurities include those securities rated at the time of purchase “A+” or below by S&P Global Ratings (“S&P”)or Fitch Ratings, Inc. (“Fitch”), or A1 or below by Moody’s Investors Service, Inc. (“Moody’s”),or below a comparable rating by another nationally recognized statistical rating organization, or if unrated, securities of comparablequality as determined by the Fund’s sub-adviser in its sole discretion. If a security has ratings available from all three ratingsorganizations, its final rating will be the middle rating. If a security has ratings available from only two of the ratings organizations,its final rating will be the lower rating. The Fund may invest up to 30% of its net assets in municipal securities subject to the federalalternative minimum tax. The federal alternative minimum tax is a separate U.S. federal tax system that operates in parallel to the regularfederal income tax system but eliminates many deductions and exclusions. The federal alternative minimum tax system treats as taxablecertain types of income that are nontaxable for regular income tax purposes, such as the interest on certain private activity municipalbonds, which are bonds issued by state or local governments to fund projects that primarily benefit private businesses or individualsrather than the general public. The Fund is an actively managed fund which utilizes a value-approachin identifying attractive securities and sectors within the municipal market (i.e., securities or sectors the price of which representstheir intrinsic value or an amount less than their intrinsic value and which are subject to an appropriate level of risk, each as determinedby the Adviser or Sub-Adviser). The Fund invests in a portfolio of securities with an average duration between five and ten years. Durationis a measure used to determine the sensitivity of a portfolio to changes in interest rates with a longer duration portfolio being moresensitive to changes in interest rates. For example, the value of a security with a duration of ten years would be expected to decreaseby 10% for every 1% increase in interest rates. To the extent possible, the Fund seeks to diversify interest rate risk across the curve,with a focus on securities that are expected to mature or have an option to be called or tendered inside of 15 years. Specifically, theFund will seek to invest in investment grade securities across maturity rungs, while its investments in non-investment grade securitiescould be limited by security availability among other factors as discussed below. The Fund also may assign greater weight in its portfolioto securities with longer stated maturities and potential calls of ten years or beyond. The Fund anticipates generally investing a greaterportion of its assets in revenue bonds relative to general obligation bonds. Although the Fund may invest in municipal debt securities in anyrating category, the Fund expects to limit its investment in non-investment grade municipal debt securities to less than 50% of its assets.Non-investment grade rated municipal securities include securities rated Ba1/BB+/BB+ or lower, as rated by Moody’s, S&P orFitch, or if unrated, the equivalent thereof as determined by the sub-adviser in its sole discretion. The extent to which the Fund investsin non-investment grade securities is a function of availability, market conditions, and active selection. Under certain circumstances,the Fund may invest in non-investment grade securities to a limited extent only. The Fund’s exposure to any single obligor of a municipal debtsecurity generally will be limited to 10% of the Fund’s assets. Similarly, exposure to any single state is expected to be limitedto 25% of the Fund’s assets. The Fund may invest more than 25% of its assets in municipal debt securities that finance similarprojects, such as those relating to education, health care, housing, transportation, and utilities. The Fund also may invest more than25% of its assets in industrial development bonds, which are revenue bonds issued by or on behalf of public authorities to obtain fundsto finance various public and/or privately operated facilities, including those for business and manufacturing, housing, sports, pollutioncontrol, airport, mass transit, ports and parking.
WTMY News
Data for WTMY is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.