Slide 1: WisdomTree Efficient U.S. Plus International Equity Fund (NTSD)
April 2026 WisdomTree Efficient U.S. Plus International Equity Fund (NTSD)
Slide 2: Table of Contents
Building an Efficient Core: Innovating 1. Portfolio Construction 2. International Equities’ Role in a Portfolio Table of 3. Fund Structure: WisdomTree Efficient U.S. Contents Plus International Equity Fund (NTSD) 4. Capital Efficient Case Studies 5. Disclosures WisdomTree Efficient U.S. Plus Interna
Slide 3: Building an Efficient Core: Innovating Portfolio Construction
Building an Efficient Core: Innovating Portfolio Construction WisdomTree Efficient U.S. Plus International Equity Fund (NTSD) 3
Slide 4: Portfolio Paradox: Incorporating Alternatives Historically Required Reducing Existing Portfolio Exposures
Portfolio Paradox: Incorporating Alternatives Historically Required Reducing Existing Portfolio Exposures Incorporating alternative investment strategies can help enhance traditional portfolios by improving diversification and incorporating differentiated sources of return + For most investors, a ke
Slide 5: Even though stocks have offered the best returns among major asset classes
Even though stocks have offered the best returns among major asset classes, investors can often increase their expected return for a given level of risk by including other asset classes and then levering the diversified portfolio. Asness, Clifford S. “Why Not 100% Equities?” The Journal of Portfolio
Slide 6: Putting Theory Into Practice: Incorporating Alternatives
Putting Theory Into Practice: Incorporating Alternatives Efficient Frontier: Research has shown that prudent use of leverage Higher Expected Return for a Given Level of Risk can help solve this portfolio paradox + Leverage can allow for the incorporation of alternatives without reducing existing exp
Slide 7: Capital Efficiency can Unlock the Benefit of Alternatives Without Reducing Existing Exposure
Capital Efficiency can Unlock the Benefit of Alternatives Without Reducing Existing Exposure Incorporates Improves Maintains exposure to Approaches to Portfolio Construction diversified return diversification core asset allocation sources Traditional asset allocation (i.e., 60% equities/40% fixed in
Slide 8: Example: Funding Alternatives with Capital Efficient Strategies
Example: Funding Alternatives with Capital Efficient Strategies A New Era of Smart Portfolio Construction Traditional Asset Traditional Approach Incorporating Allocation Incorporating Alternatives w/ Capital Alternatives Efficient Strategies Asset Allocation 20% 20% 24% 40% Unlike traditional approa
Slide 9: International Equities' Role in a Portfolio
International Equities’ Role in a Portfolio WisdomTree Efficient U.S. Plus International Equity Fund (NTSD) 9
Slide 10: Without International Exposure, U.S. Equities are Vulnerable to Home Country Bias
Without International Exposure, U.S. Equities are Vulnerable to the Pitfalls of Home Country Bias U.S. equity markets comprise about 60% of global equity market capitalization. Within U.S. investors’ portfolios, that share is often much higher. + Home country bias often dominates U.S. portfolios. In
Slide 11: International Exposure Enhances the Composition of an Otherwise U.S.-Dominant Portfolio
International Exposure Enhances the Composition of an Otherwise U.S.- Dominant Portfolio We believe that developed international equities can improve the sector, geographic, and stylistic exposures of a U.S.-centric equity allocation, which may result in improved risk-adjusted returns. + Sectors: No
Slide 12: International Allocations Produce Portfolio Diversification Benefits
International Allocations Produce Portfolio Diversification Benefits International equities often exhibit lower volatility than the S&P 500. + This implies a portfolio diversification benefit, where an international allocation can reduce overall portfolio risk. MSCI EAFE Index 1-Year 3-Year 5-Year 1
Slide 13: International Equities May Not Need to Be a Portfolio's Bedrock, But Shouldn't Be Overlooked
International Equities May Not Need to Be a Portfolio’s Bedrock, But They Also Shouldn’t Be Overlooked Over the past 30 years, the MSCI EAFE Index outperformed the MSCI USA Index only 12 times. + But most U.S. equity leadership materialized in the post-Global Financial Crisis (GFC) era, coinciding w
Slide 14: Problem: How Does an Investor Allocate to International Equities Without Sacrificing U.S. Exposure?
Problem: How Does an Investor Allocate to International Equities Without Sacrificing Some of Their U.S. Exposure? The MSCI USA Index has produced double-digit total returns in eight of the past ten calendar years. Seven of them have been over 20%. + U.S. investors are likely sitting on large capital
Slide 15: Fund Structure: WisdomTree Efficient U.S. Plus International Equity Fund (NTSD)
Fund Structure: WisdomTree Efficient U.S. Plus International Equity Fund (NTSD) WisdomTree Efficient U.S. Plus International Equity Fund (NTSD) 15
Slide 16: WisdomTree Efficient U.S. Plus International Equity Strategy Construction
WisdomTree Efficient U.S. Plus International Equity Strategy Construction The WisdomTree Efficient Efficient U.S. Plus International Equity Fund seeks total return by investing in U.S. equity securities and Developed International Total Exposure = 150% Index futures contracts 150% + For every $1.00
Slide 17: WisdomTree Capital Efficient ETFs Package Exposure to Different Equity Markets in a Single Ticker
WisdomTree Capital Efficient ETFs Package Exposure to Different Equity Markets in a Single Ticker Solution NTSD WisdomTree Efficient U.S. Plus International Equity Fund Exposure: 150% Developed International 100% Index Futures, 60% 50% U.S. Equities, 90% 0% Largest 500 U.S. equities by market cap +
Slide 18: WisdomTree Capital Efficient Structure
WisdomTree Capital Efficient Structure NTSD Strategy Construction Equity Securities 500 largest U.S. equities by market cap 10% Cash Collateral Developed Equity Listed Developed International Index futures Market Futures Invested in high quality, short-term U.S. money Cash Collateral market securiti
Slide 19: Capital Efficient Case Studies
Capital Efficient Case Studies WisdomTree Efficient U.S. Plus International Equity Fund (NTSD) 19
Slide 20: Case Study #1: Using Capital Efficiency to Maintain Regional Equity Exposures & Deploy Assets for Alternatives
Case Study #1: Using Capital Efficiency to Maintain Regional Equity Exposures & Deploy Assets for Alternatives Traditional 60% Incorporating Alternatives U.S. Equities U.S./40% Non-U.S. with Capital Efficient Equity Developed ex-U.S. Equities Equity Allocation Strategies Trend Following Capital Effi
Slide 21: Case Study #2: Replacing Equity Exposure with Efficient Core
Case Study #2: Replacing Equity Exposure with Efficient Core Compared to long-only equities, efficient core strategies tended to increase returns and reduce volatility 14% 12% Annual Return (%) U.S. Efficient Core 10% S&P 500 Index 8% EM Efficient Core Intl Efficient Core 6% 4% MSCI EAFE Index MSCI
Slide 22: Index Definitions
Index Definitions Bloomberg U.S. Treasury 7–10 Year Index: Measures the performance of U.S. Treasury securities with remaining maturities between seven and ten years, representing intermediate- term U.S. government bond exposure. MSCI ACWI ex-USA Index: Captures large- and mid-cap stocks across deve
Slide 23: Important Information
Important Information Please see the WisdomTree Glossary for definitions of terms and indexes. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. For a prospectus or, if available, the summary prospectus containing this and other