WisdomTree India Earnings Fund

WisdomTree India Earnings Fund (EPI) is an exchange-traded fund that tracks the WisdomTree India Earnings Index. The index holds profitable Indian companies and weights them by how much they earn rather than by their market value. That earnings tilt puts more weight on banks and energy firms such as Reliance Industries and ICICI Bank. Its 0.84% expense ratio is higher than many India funds, including the Franklin FTSE India ETF at 0.19%.

• Over the year to Oct 27, 2026, EPI returned -13.6%, 3rd of 7 among similar funds.
• Its 5-year annualized return was +2.6% and its 10-year +7.8%.
• In the 2020 COVID crash it fell 41.9% and regained its old high 6.5 months after the low.
• Its worst full calendar year was 2011 (-40.4%); its best was 2009 (+95.1%).
• The deepest fall in its price history was 66.2% (Feb 26, 2008 to Nov 20, 2008), recovered by Sep 20, 2010.

As of Jun 30, 2026, the fund held 570 securities; the ten largest made up 35.07% of assets.

• Over the three months to Jun 30, 2026, investors withdrew a net $126.2M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +8.67%, -1.14%, +0.35%.

EPI follows the WisdomTree India Earnings Index. WisdomTree, the parent company of the fund's adviser, designed it. The index is rebuilt once a year. To get in, a company must be incorporated in India, listed on a major Indian exchange, open to foreign buyers and have earned at least $5 million over the prior 12 months. It also needs a market value of at least $200 million, enough trading volume and a price-to-earnings ratio of at least two.

Each company's weight is based on its reported net income over the prior 12 months, multiplied by a second factor, so bigger earners get bigger weights. On the yearly screening date, no sector can be more than 25% of the index, though weights can drift between rebalances. As of June 30, 2026, Financials and Energy were each about 15% or more of the index, and the 10 largest of the fund's roughly 570 holdings made up about 35% of its assets.

The fund uses representative sampling. That means it holds a group of index stocks that behaves like the whole index instead of owning every name. Some Indian shares may be held through a wholly owned subsidiary in Mauritius. The fund generally pays redemptions in cash. That can force it to sell stocks and realize capital gains, which are taxable to shareholders. Portfolio turnover was 13%, according to the prospectus filed July 29, 2026.

• EPI charges 0.84% a year, versus an average of 0.68% for the similar funds below (6th of 7, cheapest first).
• Of that, 0.83% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $86 in the first year and $1,037 over 10 years (assuming a 5% annual return).

It is a single-country emerging-market stock fund with deep past drawdowns, no recent income and above-average costs, so it fits better as a small add-on than a foundation.

EPI could add exposure to India's large, profitable companies, but it has been volatile. It launched in February 2008 and fell 66.2% between February 26 and November 20, 2008. It took about 22 months to recover. In the 2020 COVID crash it dropped 41.9% and recovered in about 6.5 months. In 2022 it fell 20% and took about 13 months to recover. Its worst calendar year was 2011, a 40.4% loss. Anyone who needs to draw money in a slump could end up selling shares at low prices.

EPI made no distributions in the 12 months through October 27, 2026, so it provided no income. It costs 0.84% a year. In the SEC's standard $10,000 example, that comes to $1,037 over 10 years. Past results don't predict the future, and a retirement plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.