WisdomTree U.S. Efficient Core Fund

WisdomTree U.S. Efficient Core Fund (NTSX) is an actively managed ETF. It puts about 90% of its assets in large U.S. companies and uses U.S. Treasury futures to add bond exposure equal to about 60% of assets. That gives roughly $1.50 of stock and bond exposure for every $1 invested. Two things set it apart from plain stock funds: that built-in leverage, and its cost. It charges 0.22% a year, against a 0.04% average for funds with similar stock holdings.

• Over the year to Oct 27, 2026, NTSX returned +8.7%, 9th of 9 among similar funds.
• Its 5-year annualized return was +8.2%.
• Its worst full calendar year was 2022 (-25.8%); its best was 2023 (+22.7%).
• The deepest fall in its price history was 31.3% (Dec 27, 2021 to Oct 14, 2022), recovered by Jun 12, 2024.

As of Jun 30, 2026, the fund held 501 securities; the ten largest made up 35.07% of assets, and 8.87% sat in cash and money-market holdings.

By sector

• Over the three months to Jun 30, 2026, investors withdrew a net $488K (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +9.33%, +4.79%, -0.83%.

NTSX does not track an index. WisdomTree Asset Management, the fund's adviser, runs it with a model-based active approach that seeks total return. About 90% of net assets goes into a representative basket of large U.S. companies, generally weighted by market value. As of June 30, 2026, the fund had 501 holdings, led by NVIDIA (6.8%), Apple (6.0%) and Alphabet (5.9%), and its 10 largest positions made up about 35% of assets.

The rest, mostly cash and cash equivalents, serves as collateral for U.S. Treasury futures. A futures contract locks in a price for a bond to be delivered later, giving bond exposure without paying the full price up front. The fund aims for futures exposure equal to about 60% of net assets, using contracts with maturities of 2 to 30 years, picked to target a duration of 3 to 8 years. Duration measures sensitivity to interest-rate changes. Layering this bond exposure on top of a nearly full stock position creates leverage, which magnifies gains and losses.

As contracts near expiry, the fund rolls them into new ones, and price gaps between old and new contracts can help or hurt returns. The portfolio is rebalanced quarterly. If the stock or futures allocation strays 5% or more from its target, the fund expects to rebalance sooner.

• NTSX charges 0.22% a year, versus an average of 0.04% for the similar funds below (9th of 9, cheapest first).
• Of that, 0.2% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $23 in the first year and $280 over 10 years (assuming a 5% annual return).

It combines large U.S. stocks with intermediate Treasury exposure in one fund and uses less cash than a standard stock-and-bond mix, though its leverage adds risk.

NTSX lets a single fund cover large U.S. stocks and intermediate Treasuries, which can free up money for other holdings. But the leverage works in both directions. The fund lost 25.7% in 2022, its worst calendar year. It fell 31.3% from its peak on December 27, 2021, to its low on October 14, 2022, and took about 20 months to recover, by June 12, 2024. A retiree who sold shares during that stretch would have locked in deep losses. The available price history doesn't cover the 2020 COVID crash, and the fund launched after the 2008 crisis. Income is modest: the trailing yield was 1.07% as of October 27, 2026, paid quarterly. Costs are 0.22% a year, or about $280 over 10 years on $10,000 in the SEC's standard example. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

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