At a glance
USMF charges 0.28% a year, below the 0.35% average of the 8 funds most like it (the 7th cheapest of 9). It has $310.4M in assets, the 8th largest of that group; it paid 1.28% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +2.6% with distributions reinvested (S&P 500: +11.5%), the weakest of those 9 funds; over three years it returned +13.8% a year. At its worst it fell 18.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 14 months after the low. Its ten largest positions make up 19.8% of the fund, out of 200 in all.
The short version
WisdomTree US Multifactor Fund (USMF) is an index ETF holding about 200 US stocks. Each month it picks them from the 800 largest companies by scoring value, quality, momentum and a WisdomTree machine-learning price signal. Its 0.28% expense ratio is below the 0.35% average of similar funds but above multifactor rivals such as Hartford's ROUS at 0.19%. As of October 27, 2026, its one- and three-year returns trailed all eight similar funds compared.
Price history
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USMF +2.6% 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 | |
|---|---|---|---|---|---|---|
| USMF official prospectus, to Dec 31, 2025 | — | +4.46% | — | +9.40% | — | +10.55% |
| Wisdom Tree U.S. Multifactor Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | +4.62% | — | +9.58% | — | +10.69% |
| Index50 index, same period | — | +17.88% | — | +14.42% | — | +14.89% |
| Index51 index, same period | — | +17.25% | — | +13.30% | — | +14.35% |
| USMF price data to Oct 27, 2026 | +3.0% | +2.6% | +13.8% | +7.0% | — | +10.8% |
- Over the year to Oct 27, 2026, USMF returned +2.6%, 9th of 9 among similar funds.
- Its 5-year annualized return was +7.0%.
- Its worst full calendar year was 2022 (-8.8%); its best was 2021 (+21.2%).
- The deepest fall in its price history was 18.1% (Jan 4, 2022 to Sep 27, 2022), recovered by Dec 1, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +3.0% | — |
| 2025 | +4.6% | +4.46% |
| 2024 | +19.7% | +19.65% |
| 2023 | +13.5% | +13.48% |
| 2022 | -8.8% | -8.76% |
| 2021 | +21.2% | +21.08% |
| 2020 | — | +11.91% |
| 2019 | — | +24.00% |
| 2018 | — | -4.25% |
| 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 | Not in the price data, which starts Jun 2, 2020 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 16.1% over that stretch · deepest drop along the way 18.1%, back to its old high 14.1 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.4900 | |
| 2025 | $0.7000 | +14.8% |
| 2024 | $0.6100 | +7.0% |
| 2023 | $0.5700 | -14.9% |
| 2022 | $0.6700 | +13.6% |
| 2021 | $0.5900 |
What's inside
As of Jun 30, 2026, the fund held 200 securities; the ten largest made up 19.79% of assets.
| Holding | Weight | |
|---|---|---|
| ALPHABET INC | 3.94% | |
| APPLE INC | 3.70% | |
| NVIDIA CORP | 3.69% | |
| BROADCOM INC | 1.62% | |
| ELI LILLY & COMPANY | 1.33% | |
| MICRON TECHNOLOGY INC | 1.29% | |
| EXPEDIA GROUP INC | 1.12% | |
| APPLIED MATERIALS INC | 1.05% | |
| TAPESTRY INC | 1.02% | |
| EBAY INC | 1.02% | |
| MGM RESORTS INTERNATIONAL | 0.98% | |
| MURPHY USA INC | 0.98% | |
| GENERAL MOTORS COMPANY | 0.98% | |
| LAM RESEARCH CORP | 0.96% | |
| BURLINGTON STORES INC | 0.92% |
By country
United States 95.73%Bermuda 1.42%Ireland 1.32%Netherlands 0.4%Puerto Rico 0.38%By asset type
Stocks 99.88%By sector
Sectors of the companies held, for the 47.8% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $72.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +4.28%, +2.80%, +2.83%.
How it works
USMF tracks the WisdomTree U.S. Multifactor Index. WisdomTree designed the index and also owns the fund's adviser. Each month the index starts with the 800 largest companies that list shares in the US, do most of their business there and trade at least $1 million a day. Each company is scored on four equally weighted factors. Value compares price with earnings, cash flow and shareholder yield. Quality uses measures such as return on equity and return on assets, plus a growth overlay. Momentum looks at 6- and 12-month returns. TAPE is WisdomTree's own machine-learning model, which reads price and volume patterns.
The top 25%, or 200 companies, are selected. They are weighted by a blend of factor score and company size. At each monthly rebalance, no stock can exceed 4%, and sector weights are set to match the 800-stock starting group. This is called "sector neutral." Monthly rebuilding helps explain the fund's 113% portfolio turnover, meaning it traded more than the value of its whole portfolio over the year. The fund may hold a representative sample rather than every index stock. It must keep at least 80% of its assets in index stocks or close equivalents.
As of June 30, 2026, the fund had heavy exposure to information technology and was concentrated in software and services companies. Its largest holdings were Alphabet (3.9%), Apple (3.7%) and Nvidia (3.7%).
What it really costs
- USMF charges 0.28% a year, versus an average of 0.35% for the similar funds below (7th of 9, cheapest first).
- 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 |
|---|---|---|---|---|
| USMF | $29 | $90 | $157 | $356 |
In a retirement portfolio
It holds about 200 large and mid-sized US companies across every sector, so it could serve as a main US stock position, though it adds a factor tilt and more trading than a plain index fund.
USMF launched in 2017, so it has no record from 2008. Its worst quarter was the COVID crash: a 22.47% loss in the first three months of 2020. In the 2022 bear market its price fell 18.1% between January 4 and September 27, 2022. It took about 14 months, until December 1, 2023, to regain that peak. Its worst calendar year was 2022, down 8.76%. A retiree forced to sell during a stretch like that would lock in losses. The trailing 12-month yield was 1.28% as of October 27, 2026, paid quarterly, so this is not an income fund. In the SEC's standard example, $10,000 invested costs $29 in the first year and $356 over 10 years. Past results don't predict the future, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting a sector-neutral US stock fund that rescreens the 800 largest companies monthly for value, quality, momentum and price signals.
- Those willing to pay 0.28% a year, below the 0.35% peer average, for a rules-based multifactor approach instead of a plain market index.
- Holders who may prefer smaller swings: over one year its beta was 0.71, meaning it moved about 71% as much as the market.
Look elsewhere if
- Cost-focused investors: SPTM charges 0.03% and DFUS 0.09% for broad US stock exposure, compared with 0.28% for USMF.
- Anyone expecting factor tilts to beat the market: USMF returned 4.46% in 2025, while the broader benchmarks in its prospectus returned over 17%.
- Those seeking meaningful income: the trailing yield was 1.28% as of October 27, 2026, paid quarterly.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| USMF this fund | — | 0.28% | $310.4M | +2.6% | +13.8% |
| AFLG First Trust Active Factor Large Cap ETF | 42% | 0.55% | $761.1M | +14.8% | +24.7% |
| ROUS Hartford Multifactor US Equity ETF | 38% | 0.19% | $705.8M | +20.1% | +23.1% |
| SPTM SPDR Portfolio S&P 1500 Composite Stock Mar… | 32% | 0.03% | $13.58B | +11.9% | +21.5% |
| DFAC Dimensional U.S. Core Equity 2 ETF | 31% | 0.17% | $47.89B | +15.9% | +21.1% |
| DFUS Dimensional U.S. Equity Market ETF | 30% | 0.09% | $20.88B | +11.7% | +22.0% |
| CLSE Convergence Long/Short Equity ETF | 30% | 1.44% | $900.5M | +27.4% | +29.4% |
| JPUS JPMorgan Diversified Return Use Equity | 30% | 0.18% | $457.6M | +16.3% | +19.0% |
Questions investors ask
Is USMF good for retirement?
It can serve as a core US stock holding, but it is not built for income. It spreads money across about 200 US companies, and its one-year beta of 0.71 points to milder swings than the market. Still, it fell 18.1% in 2022 and took about 14 months to recover, by December 1, 2023. The yield was 1.28% as of October 27, 2026. Its five-year return also trailed the broader benchmarks in its prospectus.
What's the difference between USMF and ROUS?
Both are multifactor US stock ETFs, and they shared about 38% of their holdings in their latest N-PORT reports. Hartford's ROUS charges 0.19% a year, compared with 0.28% for USMF. Over the year to October 27, 2026, ROUS returned 20.1% and USMF returned 2.6%. USMF uses WisdomTree's four-factor scoring, which includes a machine-learning price signal. It also keeps sector weights matched to its 800-stock starting universe.
Does USMF pay dividends?
Yes, USMF pays dividends quarterly. Over the 12 months to October 27, 2026, it paid $0.67 per share, a trailing yield of 1.28%. The dividends come from the roughly 200 US companies it holds. Its stock-picking rules focus on value, quality and price trends rather than high payouts. Investors who mainly want income may find the yield modest compared with funds built around dividends.
What are USMF's top holdings?
As of June 30, 2026, the largest holdings were Alphabet (3.94%), Apple (3.70%), Nvidia (3.69%), Broadcom (1.62%) and Eli Lilly (1.33%). The top 10 made up 19.79% of assets, spread across 200 companies. The top 10 also included less familiar picks such as Expedia, Tapestry and eBay, which reflects the factor screens at work. No stock can exceed 4% at each monthly rebalance.
How has USMF performed over the long term?
According to its prospectus, USMF returned 9.40% a year over the five years to December 31, 2025, and 10.55% a year since its June 2017 launch. Its index returned 9.58% and 10.69% over the same periods, so tracking was close. The two broader benchmarks in the prospectus did better over five years, at 14.42% and 13.30% a year. The fund's worst calendar year was 2022, when it lost 8.76%.