WisdomTree High Income Laddered Municipal Fund

Frequently Asked Questions About WTMY

What does WTMY invest in?

The WisdomTree High Income Laddered Municipal Fund is a strategically managed exchange-traded fund (ETF) designed to deliver a substantial stream of current income, free from federal income tax obligations. It achieves this by implementing a laddered maturity investment strategy. The fund allocates capital across both investment-grade and higher-yielding municipal debt, targeting an average interest rate duration between five and ten years. Its holdings primarily consist of municipal bonds slated to mature or become callable/tenderable within a 15-year timeframe.

What is the expense ratio of WTMY?

WisdomTree High Income Laddered Municipal Fund (WTMY) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is WTMY's distribution yield?

WTMY's trailing-twelve-month yield is 3.45%, calculated from the sum of distributions over the past year divided by the current price.

How does WTMY's covered-call strategy work?

WTMY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of WTMY?

Effective duration measures WTMY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. WTMY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of WTMY?

WTMY's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.