Core Viewpoint - The WisdomTree U.S. MidCap Dividend ETF (DON) provides broad exposure to the Mid Cap Value segment of the US equity market, with significant assets and a focus on dividend-paying mid-cap companies [1][7]. Group 1: ETF Overview - DON is a passively managed ETF launched on June 16, 2006, with assets exceeding $3.77 billion, making it one of the larger ETFs in its category [1]. - The ETF targets mid-cap companies with market capitalizations between $2 billion and $10 billion, which are perceived to have higher growth prospects compared to large-cap companies while being less risky than small-cap firms [2]. Group 2: Performance Metrics - The ETF aims to match the performance of the WisdomTree U.S. MidCap Dividend Index, with a year-to-date return of approximately 2.73% and a one-year return of about 8.56% as of August 21, 2025 [7]. - Over the past 52 weeks, the ETF has traded within a range of $43.28 to $55.55 [7]. - The ETF has a beta of 0.92 and a standard deviation of 18% over the trailing three-year period, indicating a medium risk profile [8]. Group 3: Cost Structure - The annual operating expense ratio for DON is 0.38%, which is competitive within its peer group [4]. - The ETF offers a 12-month trailing dividend yield of 2.32% [4]. Group 4: Sector Exposure and Holdings - The ETF has the highest allocation to the Energy sector, with significant holdings in Us Dollar, Westar Energy Inc (WR), and Gaming & Leisure Properties Inc (GLPI) [5][6]. - The top 10 holdings account for approximately 109.02% of total assets under management, indicating a concentrated investment strategy [6]. Group 5: Alternatives and Market Position - DON carries a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Mid Cap Value segment [9]. - Alternative ETFs in this space include the iShares Russell Mid-Cap Value ETF (IWS) with $13.76 billion in assets and the Vanguard Mid-Cap Value ETF (VOE) with $18.64 billion, both of which have lower expense ratios [10]. Group 6: Investment Appeal - Passively managed ETFs like DON are gaining popularity among both institutional and retail investors due to their low cost, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11].

Core Insights - The WisdomTree U.S. MidCap Dividend ETF (DON) is a smart beta ETF launched on June 16, 2006, providing broad exposure to the Mid Cap Value category of the market [1] Fund Overview - DON is managed by WisdomTree and has accumulated over $3.69 billion in assets, positioning it as one of the larger ETFs in the Mid Cap Value space [5] - The ETF aims to match the performance of the WisdomTree U.S. MidCap Dividend Index, which is fundamentally weighted and measures the mid-capitalization segment of the US dividend-paying market [5] Cost and Performance - The annual operating expenses for DON are 0.38%, which is competitive within its peer group [6] - The fund has a 12-month trailing dividend yield of 2.39% [6] - As of July 16, 2025, DON has added approximately 0.02% year-to-date and is up about 6.3% over the past year, with a trading range between $43.28 and $55.55 in the last 52 weeks [8] Risk Metrics - DON has a beta of 0.92 and a standard deviation of 18.07% over the trailing three-year period, indicating it is a medium-risk option [9] - The ETF holds about 332 stocks, effectively diversifying company-specific risk [9] Sector Exposure and Holdings - The fund's assets are primarily in US Dollar, with significant holdings in Westar Energy Inc and Gaming & Leisure Properties Inc [7] - The top 10 holdings account for approximately 109.44% of total assets under management, highlighting a concentrated investment strategy [7] Alternatives - Other ETFs in the Mid Cap Value space include iShares Russell Mid-Cap Value ETF (IWS) and Vanguard Mid-Cap Value ETF (VOE), with IWS having $13.39 billion in assets and VOE $17.92 billion [11] - IWS has an expense ratio of 0.23% and VOE has a lower expense ratio of 0.07%, making them potentially more attractive options for cost-conscious investors [11]