WisdomTree Dynamic International SmallCap Equity Fund (DDLS) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index while dynamically hedging currency exposure to fluctuations in the value of foreign currencies relative to the U.S. dollar. The fund provides exposure to the small-capitalization segment of dividend-paying companies in the industrialized world outside the U.S. and Canada, utilizing a rules-based process that combines momentum, value, and interest rate factors to determine the currency hedge ratio; it invests in securities included in or representative of the index, including derivatives for hedging purposes. As of July 2025, the fund maintains an expense ratio of 0.48%, total assets of approximately $439 million, a distribution yield of 7.29%, a dividend yield of 4.47%, and a portfolio heavily weighted toward small-cap holdings (62.72%) with significant allocations to countries such as Japan (27.32%), the United Kingdom (15.96%), and Australia (9.01%).
Inception date of January 7, 2016, the fund is sponsored and managed by WisdomTree, Inc., an ETF provider headquartered in New York that was founded in 1985 and offers products across equities, fixed income, currency, and alternatives.
Prior to April 30, 2025, the fund operated under the name WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, reflecting a rebranding as part of broader naming updates across WisdomTree's dynamic hedged equity offerings; additionally, in September 2024, WisdomTree announced methodology changes to its Dynamic Hedged Equity Indexes, eliminating the Cross-Asset Predicted Return factor from currency hedge calculations and equally weighting the remaining factors excluding time-series momentum.