NTSE vs NTSX

NTSECWisdomTree Emerging Markets Efficient Core Fund

NTSXAWisdomTree U.S. Efficient Core Fund

In short

NTSE Emerging-markets stocks with a Treasury chaser. NTSE holds 90% EM equities and layers a 60% laddered US Treasury futures overlay on top, so a dollar of fund buys about $1.50 of market exposure. WisdomTree's Efficient Core playbook, pointed at EM.

NTSX Stocks and Treasuries stacked on the same dollar. NTSX owns roughly 500 large U.S. companies, then layers Treasury futures on top, so one line item does the work of a balanced portfolio. Running since 2018.

Stated mandate

NTSE The Fund seeks total return through emerging-markets equity securities and U.S. Treasury futures. It is actively managed with a models-based process.

NTSX The Fund seeks total return through investments in large-capitalization U.S. equity securities and U.S. Treasury futures contracts.

Why people hold it

• NTSE The 90/60 build is the whole idea: about 90% of assets in EM stocks, the rest as collateral for laddered Treasury futures (2 to 30 year maturities, 3 to 8 year target duration). Bonds without selling stocks.sec.govsaytechnologies.com
• Charges 0.32% a year, under the typical fund in its emerging-markets peer group, despite being actively managed with a models-based process rather than a plain index tracker.sec.gov
• Broad underneath the overlay: roughly 400 EM stocks spanning every major sector, with rebalancing back toward the 90/60 target when either sleeve drifts by 5% or more. Pays quarterly.sec.gov

• NTSX Costs 0.20% a year, while the typical fund in its allocation peer group charges closer to four times that.
• The equity sleeve is a plain large-cap U.S. portfolio of roughly 500 names. The Treasury futures ride alongside as collateralized exposure, not as a stock-picking bet.wisdomtree.com
• Delivers its stated mandate with very little drift, and rates among the strongest builds in a crowded field of allocation funds.
• Sibling GDE runs the same capital-efficient playbook at the same 0.20% fee, swapping the Treasury leg for gold, if you want the mechanism pointed elsewhere.

Worth knowing

• NTSE Leverage works both directions. Roughly 150% total exposure means selloffs land harder than in plain EM beta, and you carry US interest-rate risk alongside emerging-markets equity risk.sec.gov
• Straight EM index exposure costs less: VEXC at 0.07% and BKEM at 0.11% skip the futures overlay entirely. You are paying up for the structure, not the stocks.
• Thinly traded next to the category's household names, and one of the smaller funds in its group, so bid-ask spreads can run wider than the headline expense ratio suggests.

• NTSX Futures mean total market exposure runs above the fund's actual assets. When stocks and Treasuries fall together, the drop lands harder than in an unlevered balanced fund.
• Trades thinly for a multi-billion-dollar fund. Limit orders and quieter parts of the session matter more here than with the mega-cap index crowd.
• Income is a side effect of the structure, not the goal. Distributions come quarterly.

Full NTSE profile⁠

Full NTSX profile⁠