What this ETF is trying to do

The WisdomTree Emerging Market Local Debt Fund (ELD) is an exchange-traded fund (ETF) that invests in debt from emerging markets. Instead of using U.S. dollars, it focuses on local debt.

What the numbers show

As of October 9, 2026, the share price was $28.08. To understand how the fund has performed, we look at two different types of returns: price return (the change in share price) and total return (which includes the cash distributions paid to investors).

• Year-to-Date (YTD): The price return is -3.83%, but the total return is 0.61%.

• One Year: The price return is -2.40%, while the total return is 3.67%.

• Three Year: The price return is 9.51%, and the total return is 29.73%.

The estimated price from roughly one year ago was $28.77. If you had invested $10,000 based on that estimated price, the price-only decline of -2.40% would mean your shares were worth approximately $9,760 before counting any cash distributions.

Income and distribution explanation

This ETF usually pays out distributions monthly. Over the last 12 months, it made 12 payments totaling $1.74 per share. This results in a distribution yield of approximately 6.20%.

It is important for beginners to know that a high distribution yield alone can be misleading. A fund can pay out a high yield even if the share price is falling. In this case, the total return is higher than the price return because the cash distributions added value that the share price alone did not show.

NAV erosion explanation

"NAV erosion" happens when the actual value of the fund's underlying assets drops over time. Investors who want steady income care about principal stability because they don't want their initial investment to shrink.

For this ETF, the erosion-risk score is 94, and the erosion severity is labeled as "good." The label describes the trend as "Stable / sideways," and there is no severe erosion-risk flag.

Pros

• The total returns over one and three years are positive.

• It provides regular monthly income.

• The erosion-risk score suggests the fund's price trend is stable.

Cons

• The share price has declined slightly over the last year and year-to-date.

• No specific top holdings data was supplied for this fund.

Beginner takeaway

The ELD ETF shows a difference between its share price and its total return. While the share price has dipped recently, the total return remains positive because of the monthly cash distributions. This highlights why investors should look at total return rather than just the share price or the yield.