ETF Evaluator:
WisdomTree Mortgage Plus Bond ()
Follow This ETF
(as of Aug 26)
Best Performing in Securitized Bond - Diversified Over the Last Year
| 6.5% | Obra Opportunistic Structured Prdcts ETF (OOSP) |
| 5.6% | iShares Securitized Income Active ETF (SECU) |
| 5.2% | Obra High Grade Structured Products ETF (OGSP) |
| 5.0% | Touchstone Securitized Income ETF (TSEC) |
| 4.8% | Eaton Vance Mortgage Opportunities ETF (EVMO) |
Risk
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Risk
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ETF Details
WisdomTree Mortgage Plus Bond Overview
WisdomTree Mortgage Plus Bond (MTGP) is an actively managed Taxable Bond Securitized Bond - Diversified exchange-traded fund (ETF). WisdomTree launched the ETF in 2019.
The investment seeks income and capital appreciation.
The fund, an actively managed ETF, utilizes an investment process combining both macro and fundamental research by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings, in mortgage-related debt and other securitized debt. It may invest up to 20% of its net assets, plus the amount of any borrowings, in other securitized credit securities such as non-agency or privately issued residential and commercial mortgage-backed securities, asset-backed securities, collateralized loan obligations and credit risk transfer securities. It is non-diversified.
About WisdomTree Mortgage Plus Bond (MTGP)
There are 3 members of the management team with an average tenure of 6.72 years: Justin McWhorter (2019), Dave Goodson (2019) and Jonathan Abshire (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Scrtzd MBS ABS CMBS TR USD index with a weighting of 100%. WisdomTree Mortgage Plus Bond has 190 securities in its portfolio. The top 10 holdings constitute 30.7% 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 Mortgage Plus Bond is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. WisdomTree Mortgage Plus Bond has 1.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -7.2% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.4% (98.3% domestic bond, 1.0% foreign bond and 0.0% convertible bond). WisdomTree Mortgage Plus Bond has 7.8% of the portfolio in cash.
Assets Under Management
The fund has $73 million in total assets, which is below the $912 million average for the Securitized Bond - Diversified 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.
MTGP 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 Mortgage Plus Bond expense ratio is average compared to funds in the Securitized Bond - Diversified category. WisdomTree Mortgage Plus Bond has an expense ratio of 0.46%, which is 11% higher than its category average, making the fund expense ratio grade a D. 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 Mortgage Plus Bond has a portfolio turnover rate of 188%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 154% for the Securitized Bond - Diversified category.
Recently, in the month of July 2026, WisdomTree Mortgage Plus Bond returned -1.1%, which earned it a grade of F, as the Securitized Bond - Diversified category had an average return of -0.4%. 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 Mortgage Plus Bond has a trailing yield of 4.43%, which is below the 5.35% category average.
The fund normally distributes its income monthly.
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 Mortgage Plus Bond Grades
Year to date, the ETF has returned -0.2%, 1.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.8% over the past year (grade of F), 4.2% over the past three years (grade of F) and 0.0% per year over the past five years (grade of F).
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MTGP Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MTGP Return (NAV) | -1.1% | -0.7% | 3.8% | 4.2% | 0.0% | na |
| MTGP Return (Price) | -1.1% | -0.4% | 4.0% | 4.4% | 0.1% | na |
| NAV +/- Price Return | -0.014% | -0.238% | -0.171% | -0.130% | -0.051% | na |
| Securitized Bond - Diversified Avg | -0.4% | 0.2% | 4.5% | 5.8% | 1.6% | 2.7% |
| MTGP Grade (NAV) | F | F | F | F | F | na |
| +/- Category (NAV) | -0.7% | -0.8% | -0.7% | -1.5% | -1.5% | na |
| MTGP Tax-Cost Ratio | na | na | 1.8% | 1.6% | 1.3% | na |
MTGP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MTGP Return (NAV) | -0.2% | 7.7% | 2.4% | 4.2% | -11.7% | -0.5% | 5.0% | na | na | na | na |
| MTGP Return (Price) | -0.1% | 7.6% | 2.5% | 4.0% | -11.3% | -0.6% | 4.9% | na | na | na | na |
| NAV +/- Price Ret | -0.679% | -0.021% | 0.029% | -0.065% | -0.035% | 0.173% | -0.009% | na | na | na | na |
| Securitized Bond - Diversified Avg | 1.1% | 7.6% | 5.1% | 6.6% | -10.6% | 1.3% | 2.9% | 5.9% | 1.6% | 3.7% | 3.0% |
| MTGP Grade (NAV) | F | C | F | F | C | F | C | na | na | na | na |
| +/- Category | -1.3% | 0.1% | -2.7% | -2.4% | -1.1% | -1.9% | 2.1% | na | na | na | na |
| Risk Measures | |
| Beta: | 1.00 |
| R-Squared: | 99% |
| Standard Deviation: | 5.6% |
| Category Risk Index: | 1.24 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 0.46 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.4% |
| Total Assets: | $ 74 Mil |
| Share Class Assets: | $ 74 Mil |
| Turnover: | 188.0% |
| Expense Ratio: | 0.46% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 6.7 years | |||
| Average Tenure: 6.7 years | |||
| Managers (Year): McWhorter Justin (2019), Goodson Dave (2019), Abshire Jonathan (2019) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 190 |
| % in Top 10 Holdings: | 30.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 1.0% |
Portfolio Allocation |
|
| Domestic Stock: | -7.2% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 98.3% |
| Foreign Bond: | 1.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 7.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | WisdomTree |
| Phone Number: | 866-909-9473 |
| Website: | www.wisdomtree.com |
| Inception Date: | November 12, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.46% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.41% |
