QMID: WISDOMTREE U.S. MIDCAP QUALITY GROWTH FUND
What this ETF is trying to do
The WISDOMTREE U.S. MIDCAP QUALITY GROWTH FUND (ticker: QMID) is an ETF designed to invest in midcap companies. These are medium-sized businesses. The fund focuses on "quality growth" companies, which generally means looking for businesses that show strong characteristics and growth potential.
What the numbers show
Based on the data provided, here is how the fund's price has moved:
• Year-to-Date (YTD) Price Return: The share price has increased by approximately 3.92%.
• One-Year Price Return: The share price has increased by approximately 3.81%.
• Estimated Price Change: Roughly one year ago, the price was estimated to be $28.29. The current price is $29.36.
It is important to understand the difference between price return and total return. The price return only tracks how much the share price itself changed. The total return includes both the price change and any cash distributions (dividends) paid out to investors.
For QMID, the one-year total return was approximately 4.33%, which is higher than the one-year price return of 3.81%. This shows that distributions added to the overall value.
Income and distribution explanation
This ETF provides some level of income through distributions. The current distribution yield is approximately 0.49%. This number describes the cash distributions relative to the current ETF price.
The fund's distribution frequency is described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. Because these payments do not happen on a regular schedule, investors should not rely on them as a steady stream of income.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes look like erosion, they are not always the same thing.
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. However, the fund has an erosion-risk score of 94, which is labeled as "Stable / sideways." This indicates a good erosion-risk measurement. There is no severe erosion-risk flag for this ETF.
Pros
• Stable Price Trend: The erosion-risk score suggests the fund's price has been relatively stable.
• Positive Returns: Both the YTD and one-year price returns have been positive.
Cons
• Irregular Income: The distributions are not frequent, which may not suit investors looking for regular cash flow.
• Lower Yield: The distribution yield is relatively low at approximately 0.49%.
Beginner takeaway
QMID focuses on midcap growth companies. While it has shown positive price movement over the last year, its income is irregular and the yield is low. When looking at this ETF, remember that total return (which includes dividends) can be different from the simple price change of the shares.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ATLASSIAN CORP CLASS A | TEAM | 2.49% |
| 2 | TENET HEALTHCARE CORP | THC | 1.97% |
| 3 | NUTANIX INC CLASS A | NTNX | 1.48% |
| 4 | MEDPACE HOLDINGS INC | MEDP | 1.39% |
| 5 | PERMIAN RESOURCES CORP CLASS A | PR | 1.36% |
| 6 | DYNATRACE INC ORDINARY SHARES | DT | 1.35% |
| 7 | TOAST INC CLASS A | TOST | 1.31% |
| 8 | EVEREST GROUP LTD | EG | 1.29% |
| 9 | EXELIXIS INC | EXEL | 1.23% |
| 10 | TYLER TECHNOLOGIES INC | TYL | 1.20% |