WisdomTree filed papers with the Securities and Exchange Commission to launch the WisdomTree Israel Total Dividend Fund. Like most WisdomTree ETFs, the fund weights components based on the total dividend payout of each company, as opposed to the more traditional market capitalization approach.

Due to the nature of that market, the fund is concentrated in small- and mid-cap names as well, although it's not restricted to these markets.

You can read the prospectus here.

[Editor's Note: An earlier version of this story suggested that WisdomTree had filed to launch a small-cap emerging markets fund.  Of course, it already has such a fund - the WisdomTree Emerging Markets SmallCap Dividend ETF (NYSEArca: DGS) - which launched in 2007 and was the first emerging markets small-cap ETF on the market.]