WisdomTree Emerging Markets Local Debt Fund
ELD
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 250 West 34th Street, 3rd Floor New York NY United States of America 10119
- IPO Date
- Aug 9, 2010
- CIK
- 0001350487
- Website
- wisdomtree.com
- Similar Companies
- Business
- WisdomTree Emerging Markets Local Debt Fund (ELD) is an actively managed exchange-traded fund that seeks high total returns consisting of both income and capital appreciation through investments in local currency-denominated debt securities of emerging market countries. The fund invests at least 80% of its net assets in local debt, including investment-grade and non-investment-grade bonds, notes, and other debt obligations issued by emerging market governments, government agencies, and corporations; it targets an aggregate portfolio duration of between two and ten years and employs a structured investment process focused on continuous risk management, currency exposure, and tactical positioning across countries such as Brazil, Chile, Colombia, Mexico, Peru, Poland, Romania, South Africa, Turkey, China, Indonesia, Malaysia, Philippines, South Korea, and Thailand. Constituent securities primarily comprise government bonds (approximately 91.5%), government-related debt (7.23%), and derivatives like forwards for hedging; key holdings include obligations from the International Finance Corporation, Secretaria Do Tesouro Nacional of Brazil, Mexico, and Poland, with credit quality distributed across AAA (7.69%), AA (2.15%), A (25.34%), BBB (43.08%), and BB (15.39%). Launched on August 9, 2010, and domiciled in the United States with a net expense ratio of 0.55%, the fund is co-managed by WisdomTree Asset Management, Inc. and Mellon Investments Corporation, with a management team including David Nieman (since November 2020), Gregg Lee (since January 2021), William Newton (since January 2024), and Marlene Walker-Smith (since June 2025). In its most recent strategic rebalancing announced on March 12, 2025, the fund's Strategy Committee upgraded exposures to Colombia and Chile due to improving fundamentals while downgrading Brazil amid valuation and policy risks; it maintained overweight positions in Mexico and Indonesia to capitalize on favorable macro metrics and a weaker U.S. dollar environment, enhancing income and diversification potential. The fund, part of WisdomTree, Inc.'s broader fixed income offerings, serves institutional and retail investors seeking non-core fixed income allocations with high yield potential uncorrelated to developed markets; total net assets stood at approximately $85.72 million as of the latest reporting, with shares traded on NYSE Arca under the symbol ELD.