At a glance
NTSI charges 0.28% a year. It has $497.2M in assets; it paid 3.13% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +8.2% with distributions reinvested (S&P 500: +11.5%); over three years it returned +18.4% a year. At its worst it fell 32.6% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 22 months after the low. Its ten largest positions make up 15.2% of the fund, out of 450 in all.
The short version
WisdomTree International Efficient Core Fund (NTSI) is an actively managed ETF that puts about 90% of its assets in companies from developed markets outside the US and Canada. It then uses U.S. Treasury futures to add bond exposure equal to about 60% of assets. This "stacked" 90/60 design gives stock and bond exposure together while keeping most of the money in stocks. The expense ratio is 0.28%.
Price history
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NTSI +8.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| NTSI official prospectus, to Dec 31, 2025 | — | +30.47% | — | — | — | +5.29% |
| Index22 index, same period | — | +31.22% | — | — | — | +7.93% |
| NTSI price data to Oct 27, 2026 | +6.6% | +8.2% | +18.4% | +5.6% | — | +5.3% |
- Over the year to Oct 27, 2026, NTSI returned +8.2%.
- Its 5-year annualized return was +5.6%.
- Its worst full calendar year was 2022 (-19.3%); its best was 2025 (+30.4%).
- The deepest fall in its price history was 34% (Sep 3, 2021 to Sep 27, 2022), recovered by Aug 23, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +6.6% | — |
| 2025 | +30.4% | +30.47% |
| 2024 | +1.1% | +1.04% |
| 2023 | +15.4% | +16.09% |
| 2022 | -19.3% | -19.72% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 31.2% over that stretch · deepest drop along the way 32.6%, back to its old high 21.5 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.7200 | |
| 2025 | $1.6200 | +57.3% |
| 2024 | $1.0300 | +21.2% |
| 2023 | $0.8500 | 0.0% |
| 2022 | $0.8500 |
What's inside
As of Jun 30, 2026, the fund held 450 securities; the ten largest made up 15.15% of assets, and 8.82% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| ASML HOLDING NV | 3.63% | |
| HSBC HOLDINGS PLC | 1.67% | |
| NOVARTIS AG | 1.46% | |
| SHELL PLC | 1.30% | |
| ROCHE HOLDING AG Preferred stock | 1.27% | |
| NESTLE' SA/AG | 1.24% | |
| MITSUBISHI UFJ FINANCIAL GROUP INC | 1.24% | |
| SOFTBANK GROUP CORP | 1.14% | |
| TOKYO ELECTRON LTD | 1.11% | |
| SIEMENS AG | 1.09% | |
| ASTRAZENECA PLC | 1.07% | |
| BANCO SANTANDER SA | 0.96% | |
| TOYOTA MOTOR CORP | 0.91% | |
| BHP GROUP LTD | 0.90% | |
| TOTALENERGIES SE | 0.88% |
By country
Japan 22.23%United Kingdom 13.54%Switzerland 8.96%France 8.63%Germany 7.7%By asset type
Stocks 88.28%Preferred stock 1.71%What changed recently
- Over the three months to Jun 30, 2026, investors added a net $2.3M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +6.52%, +2.88%, +0.07%.
How it works
WisdomTree International Efficient Core Fund does not track an index. WisdomTree Asset Management runs it actively with a model. About 90% of net assets go into developed-market stocks outside the United States and Canada, generally weighted by market capitalization, so bigger companies get bigger slots. As of June 30, 2026, it held about 450 companies, led by ASML (3.6%), HSBC (1.7%) and Novartis (1.5%). Japan was the largest country, at about 22%.
Most of the rest sits in cash that backs U.S. Treasury futures, which are contracts to trade Treasuries at a set price later. The contracts span maturities of 2 to 30 years and target a duration (a measure of interest-rate sensitivity) of 3 to 8 years, similar to intermediate-term bonds. Their notional exposure, meaning the total value the contracts control, is about 60% of net assets. Added on top of the stock stake, that is leverage, which magnifies gains and losses.
The fund rebalances quarterly to apply the model. Between rebalances, the mix can drift. If either side strays from its 90% or 60% target by 5% or more, the adviser expects to rebalance early. Expiring futures are rolled into new ones, and price gaps between old and new contracts can help or hurt returns. The fund generally pays redemptions in cash, which can force it to realize capital gains.
What it really costs
- NTSI charges 0.28% a year.
- Of that, 0.26% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $29 in the first year and $356 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| NTSI | $29 | $90 | $157 | $356 |
In a retirement portfolio
It could serve as the international stock piece of a long-term portfolio, with intermediate-term Treasury exposure added on top through futures.
NTSI combines international stocks and Treasury exposure in one fund, but that leverage cuts both ways. The fund launched in May 2021, so it has no record through the 2008 or 2020 crashes. In the 2022 bear market it fell 32.6% between January 4 and September 27, 2022, and took about 21.5 months to recover. Its deepest drop was 34%, starting in September 2021, and it took nearly 23 months to recover. Its worst calendar year was 2022, at −19.72%. Anyone who had to sell shares during a stretch like that would have locked in losses.
It yielded 3.13% over the 12 months to October 27, 2026, paid quarterly. Under the SEC's standard example, costs on $10,000 come to $29 for one year and $356 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting developed-market stocks such as ASML, HSBC and Novartis plus Treasury exposure in a single fund costing 0.28% a year.
- Those who want about 90% stock and 60% Treasury exposure per dollar, which can free up room elsewhere in a portfolio.
- Holders who can stay put through declines like the 34% drop from September 2021, which took nearly 23 months to recover.
Look elsewhere if
- Investors uneasy with futures and leverage, which can deepen losses when stocks and bonds fall at the same time.
- Those wanting a long track record: the fund launched in May 2021 and has never been through a 2008-style crash.
- Investors seeking US, Canadian or emerging-market stocks; the fund holds only other developed markets, with Japan at 22% as of June 30, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is NTSI a leveraged ETF?
In a limited way, yes. NTSI is not a daily-reset leveraged fund, but its prospectus lists leveraging risk. About 90% of net assets go into international stocks, and U.S. Treasury futures add bond exposure equal to about 60% of net assets. Total exposure is therefore larger than the money invested, which magnifies gains and losses. The bond side targets a duration, or interest-rate sensitivity, of 3 to 8 years, similar to intermediate-term bonds.
Is NTSI good for retirement?
It may suit retirees who want international stocks and some Treasury exposure in one fund, but its price can swing sharply. According to the prospectus, it gained 30.47% in 2025 and lost 19.72% in 2022. Its deepest price drop was about 34%, from September 2021 to September 2022, and it took about 23 months to recover. It pays distributions quarterly, with a trailing-year yield of 3.13% as of October 27, 2026.
What is NTSI's expense ratio?
NTSI's expense ratio is 0.28% a year, including a 0.26% management fee, according to the prospectus filed October 28, 2026. In the SEC's standard example, a $10,000 investment earning 5% a year would cost about $29 after one year, $90 after three, $157 after five and $356 after ten, assuming shares are redeemed at the end of each period. Portfolio turnover was a low 3%, which limits trading costs that sit outside the expense ratio.
How is NTSI different from a regular international stock ETF?
The main difference is the Treasury futures layer. A typical international index fund puts nearly all its money in stocks. NTSI is actively managed with a model. It puts about 90% into developed-market stocks outside the U.S. and Canada, weighted by market capitalization, and uses the rest as collateral for Treasury futures with a notional value of about 60% of net assets. That puts stock and bond exposure in one fund while keeping most of the money in stocks. The trade-off: when stock and bond prices fall together, both sides lose.
Does NTSI pay dividends?
Yes. NTSI pays distributions quarterly. Over the year through October 27, 2026, it paid about $1.45 per share, a yield of 3.13%. The stocks pay dividends, and the cash held as collateral for the futures can earn interest. The futures contracts themselves pay no income. Payouts from foreign companies can vary with currency moves and company decisions, so the amount may change from quarter to quarter.