Slide 1: Emerging Markets Local Debt Strategy (ELD)
Q2 2026 Emerging Markets Local Debt Strategy (ELD)
Slide 2: Emerging Markets (EM) Local Debt Fund
Emerging Markets (EM) Local Debt Fund Seeks a high level of total return consisting of both income and capital appreciation. In pursuing the Objective objective, the Fund invests in local debt denominated in the currencies of emerging market countries Rules-based Active - Highly structured top-down
Slide 3: Emerging Markets Local Debt Investment Process
Emerging Markets Local Debt Investment Process WisdomTree Mellon Quantitative Inputs Investment Committee Implementation + Universe Definition + Validation and Discussion + Security Selection + Fundamental Factor Analysis of Quantitative Inputs + Liquidity + Valuation – FX and Bond + Relative Value
Slide 4: Investment Committee Members
Investment Committee Members WisdomTree Mellon Investments Corporation Rick Harper, Chief Investment Officer, Fixed Income and Model Portfolios David Nieman, Vice President, Portfolio Manager Investment Experience: 31 Years Involvement with Fund: 15.5 years Investment Experience: 16 years Involvemen
Slide 5: Emerging Markets Local Debt Country Scoring Process
Emerging Markets Local Debt Country Scoring Process Quantitative Inputs + Fundamental Factor Analysis + Valuation – FX and Bond + Framework Construction Absolute Relative Factor Scores Guardrails Return Drivers + Real Effective Exchange Rate (REER) Valuation ✓ + Real Carry (%) ✓ + Current Account Tr
Slide 6: Constructing Currency Exposures
Constructing Currency Exposures + Beginning Portfolio Structure, as of 09/10/2025 Strategy Rebalance Quantitative Inputs Objective Structure + Existing Positions + Increase Maximum Average Country Score + Segregate Currency Exposures into four tiers + Country Scores + Preserve or Increase Carry + Ca
Slide 7: March 2026 Rebalance Overweights/Underweights
March 2026 Rebalance Overweights/Underweights ELD Targets vs. GBI-EM BD, Country Overweights Indonesia Peru Hungary Mexico Brazil Turkey Colombia South Africa Chile 2.49% 2.44% 2.10% 2.00% 1.05% 0.93% 0.74% 0.43% 0.25% ELD Targets vs. GBI-EM BD, Country Underweights Poland India China Malaysia Roman
Slide 8: EM Local Debt Strategy: Statistics and Performance (as of 6/30/26)
EM Local Debt Strategy: Statistics and Performance (as of 6/30/26) Portfolio Statistics Embedded Income Yield 7.09% Yield to Maturity 7.01% Distribution Yield 6.07% SEC 30-day Yield* 6.53% % Investment Grade 69% Expense Ratio 0.55% Effective Duration 4.54 Average Maturity 7.08 Cumulative Returns 06/
Slide 9: ELD Quarterly Performance Attribution (as of 6/30/2026)
ELD Quarterly Performance Attribution (as of 6/30/2026) Currency Return Bond Return Overall Return Country Currency Target Weight S pot Currency Contribution Local Principal Contributed Income Total Total Contribution Tier 1 Indonesia IDR 12.0% -4.95% -0.63% -0.23% 0.18% -0.05% -0.68% Mexico MXN 12.
Slide 10: ELD Quarterly Performance Attribution Summary (as of 6/30/26)
ELD Quarterly Performance Attribution Summary (as of 6/30/26) FX (bp) Price (bp) Income (bp) Total Return (bp) Fund 75.97 191.24 157.25 424.40 Benchmark 59.37 185.84 145.43 385.36 Diff 16.60 5.41 11.82 39.04 Sector Security Allocation Selection Total Effect (bp) (bp) (bp) Active Attribution 51.40 -1
Slide 11: Fundamental Approach Yields Consistently Lower Volatility
Fundamental Approach Yields Consistently Lower Volatility Source: WisdomTree, Bloomberg, as of 6/30/2026. Dashed lines represent median standard deviation. Past performance is not indicative of future results. You cannot invest directly in an index. Emerging Markets Local Debt Strategy (ELD) 11
Slide 12: Average EM Local Debt Yields Have Remained Relatively Attractive
Average EM Local Debt Yields Have Remained Relatively Attractive EM and DM Local Debt Yields Yields for EM and DM Debt after Inflation Source: Bloomberg, JP Morgan, as of most recent available data on 6/30/2026. Past performance is not indicative of future results. “DM” stands for developed markets.
Slide 13: Income Difference Provided Cushion for Additional Currency Weakness
Income Difference Provided Cushion for Additional Currency Weakness + Starting Yield: Baseline estimator of domestic bond returns, FX more important for EM local debt + Current income differences suggest ability to withstand additional currency depreciation 5-Year Holding Cumulative Country/R egion
Slide 14: Improving Growth Prospects in Emerging Market Countries
Improving Growth Prospects in Emerging Market Countries GDP Growth Differential between Advanced and Developing Countries Source: IMF, “p” represents projected figures, as of latest available information on 6/30/2026. Past performance is not indicative of future results. Emerging Markets Local Debt
Slide 15: ELD vs. EMLC vs. EBND
ELD vs. EMLC vs. EBND Fund Statistics as of 6/30/2026 Average Annual Volatility as of 6/30/2026 SEC 30-day Effective Common Period Fund Yield to Maturity Yield to Worst 1-Year 3-Year 5-Year 10-Year Since Inception Yield Duration 02/28/2011 - 6/30/2026 WisdomTree Emerging Markets Local Debt Fund (ELD
Slide 16: Outlook for EM Local Debt: Navigating Geopolitical Risk, Oil, and EM FX
Outlook for EM Local Debt: Navigating Geopolitical Risk, Oil, and EM FX + The global cyclical outlook remains resilient, underpinned by a consumer smoothing through the energy shock. + It is worth pointing out that before the Middle East conflict, EM Economic fundamentals across emerging markets wer
Slide 17: Important Information
Important Information Please see the WisdomTree Glossary for definitions of terms and indexes. This information must be preceded or accompanied by a prospectus or, if available, the summary prospectus. We advise you to consider the Fund’s objectives, risks, charges and expenses carefully before inve
Slide 18: Appendix
Appendix For Financial Professionals Only Emerging Markets Local Debt Strategy (ELD) 18
Slide 19: Fund Disclosure
Fund Disclosure All funds are managed differently and do not react the same to economic or market events. The investment objectives, strategies, policies or restrictions of other funds may differ and more information can be found in their respective prospectuses. Therefore, we generally do not belie