WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS) is an exchange-traded fund that seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Long/Short U.S. Equity Index. The fund employs a dynamic long/short equity strategy focused on U.S. equities, taking long positions in a fundamentally weighted basket of dividend-paying stocks and short positions in an equal-dollar basket of the 20% lowest-ranked dividend yield stocks from the same universe, providing investors with equity exposure while aiming to mitigate market risk through the short component. It offers a single core product in the alternative investments segment, characterized by a net expense ratio of 0.48%, approximately 101 holdings with the top 10 comprising around 20% of assets, and a 60-month beta of 0.85 reflecting lower volatility relative to broad U.S. equity benchmarks.
Launched on December 23, 2015, DYLS operates within the long-short equity ETF category, targeting institutional and individual investors seeking absolute return strategies uncorrelated to traditional long-only equity markets. The fund is issued and managed by WisdomTree, Inc., an independent asset manager founded in 1985 and headquartered in New York, New York, which sponsors a broad suite of ETFs across equities, fixed income, commodities, and alternatives with over $140 billion in global assets under management. WisdomTree's U.S.-centric operations for DYLS focus primarily on domestic equity markets, with shares traded on the NYSE Arca exchange.
In recent developments, WisdomTree completed the acquisition of Ceres Partners, LLC, a premier U.S. farmland investment manager, on October 2, 2025, for $275 million in cash, marking the firm's first major entry into private asset markets and expanding beyond ETFs into real assets like farmland for enhanced diversification opportunities. This strategic move complements WisdomTree's ongoing ETF innovations, including surpassing $50 billion in European ETF/ETP assets under management in October 2025 driven by strong inflows into products like the WisdomTree Europe Defence UCITS ETF, and launching the physically backed WisdomTree Physical Stellar Lumens ETP in Europe during the same month. While DYLS itself remains a stable offering with no reported fund-specific changes such as delistings or reorganizations in 2024-2025, its positioning benefits from WisdomTree's broader growth, including record U.S. AUM milestones and advancements in tokenization and managed models.