ETF Evaluator: WisdomTree U.S. Efficient Core Fund (NTSX) Follow This ETF

WisdomTree U.S. Efficient Core Fund Overview

WisdomTree U.S. Efficient Core Fund (NTSX) is an actively managed Alternative Multi-Asset Overlay exchange-traded fund (ETF). WisdomTree launched the ETF in 2018.

The investment seeks total return. The fund is actively managed using a models-based approach. It seeks to achieve its investment objective by investing in large-capitalization U.S. equity securities and U.S. Treasury futures contracts. Under normal circumstances, the fund will invest approximately 90% of its net assets in U.S. equity securities. It is non-diversified.

About WisdomTree U.S. Efficient Core Fund (NTSX)

There are 5 members of the management team with an average tenure of 5.13 years: Marlene Walker-Smith (2020), David France (2021), Todd Frysinger (2021), Vlasta Sheremeta (2021) and Michael Stoll (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 3 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100%, Bloomberg US Agg Bond TR USD index with a weighting of 40% and S&P 500 (TR) (1970) index with a weighting of 60%. WisdomTree U.S. Efficient Core Fund has 506 securities in its portfolio. The top 10 holdings constitute 38.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

WisdomTree U.S. Efficient Core Fund is part of the Alternative Strategies global asset class and is within the Alternative ETF group. WisdomTree U.S. Efficient Core Fund has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3% There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.4% (0.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WisdomTree U.S. Efficient Core Fund has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is above the $226 million average for the Multi-Asset Overlay category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

NTSX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WisdomTree U.S. Efficient Core Fund expense ratio is below average compared to funds in the Multi-Asset Overlay category. WisdomTree U.S. Efficient Core Fund has an expense ratio of 0.20%, which is 72% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. WisdomTree U.S. Efficient Core Fund has a portfolio turnover rate of 15%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 86% for the Multi-Asset Overlay category.

Recently, in the month of June 2026, WisdomTree U.S. Efficient Core Fund returned -0.8%, which earned it a grade of B, as the Multi-Asset Overlay category had an average return of -4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

WisdomTree U.S. Efficient Core Fund has a trailing yield of 1.09%, which is below the 2.17% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

WisdomTree U.S. Efficient Core Fund Grades

Year to date, the ETF has returned 8.1%, 0.4 percentage points better than the category, which translates into a grade of C. The fund has returned 19.4% over the past year (grade of D), 18.2% over the past three years (grade of D) and 9.1% per year over the past five years (grade of A).

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