WisdomTree CBOE Russell 2000 PutWrite Strategy Fund

C000194429 Fund Overview

WisdomTree CBOE Russell 2000 PutWrite Strategy Fund is a US ETF managed by WisdomTree Trust, categorised as Options / Buffered. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: WisdomTree Trust
• Category: Options / Buffered
• Assets under management: $1.01M
• SEC CIK: 0001350487
• SEC series ID: S000059245
• Share class ID: C000194429

C000194429 Investment Objective and Strategy

WisdomTree CBOE Russell 2000 PutWrite Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by WisdomTree Trust.

Investment objective

The WisdomTree CBOE Russell 2000 PutWrite Strategy Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Cboe Russell 2000 PutWrite Index (the “Index”).

Principal investment strategy

The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return, and other characteristics of the Index as a whole. Under normal circumstances, at least 80% of the Funds total assets (exclusive of collateral held from securities lending) will be invested in component securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The Index tracks the value of a cash-secured (i.e., collateralized) put option sales strategy, which consists of selling (or writing) Russell 2000 Index put options (RUT Puts) and investing the sale proceeds in one-month Treasury bills.

By selling a RUT Put, the Fund receives a premium from the option buyer, which increases the Funds return if the option is not exercised and expires worthless. If, however, the value of the Russell 2000 Index falls below the RUT Puts strike price, the option finishes in-the-money and the Fund pays the buyer the difference between the strike price and the value of the Russell 2000 Index. The Indexs strategy (and, accordingly, the Funds strategy) of selling cash-secured RUT Puts serves to partially offset a decline in the value of the Russell 2000 Index to the extent of the premiums received. Further, if the value of the Russell 2000 Index increases beyond the amount of premiums received, Index (and Fund) returns would not be expected to increase accordingly. All RUT Puts are standardized options traded on the Chicago Board Options Exchange.

The RUT Puts in the Index are struck at-the-money (i.e., struck at or very near the Russell 2000 Index value) and are sold on a monthly basis, usually the third Friday of the month (the Roll Date), which matches the expiration date of the RUT Puts. RUT Puts generally may only be exercised at the expiration date, which is referred to as a European style option. The number of RUT Puts sold by the Fund varies month to month but is limited by the amount held by the Fund in Treasury bills, the value of which is expected to equal the maximum possible loss from final settlement of the RUT Puts. At each Roll Date, any settlement loss from the expiring RUT Puts is paid from the Treasury bill investments and a new batch of at-the-money RUT Puts is sold. The revenue from their sale is invested at the one-month Treasury bill rate.

The Fund expects to operate in a similar manner as the foregoing Index description in seeking to track the Index.

C000194429 Costs and Fees

C000194429 costs about $43 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.43%
• Gross expense ratio: 0.49%
• Brokerage commissions: 1.95 bps of average net assets (SEC N-CEN)

C000194429 Cashflows

Over the 12 months to 2019-11, WisdomTree CBOE Russell 2000 PutWrite Strategy Fund had net inflows of $0, from monthly SEC N-PORT filings.

C000194429 Debt Constituents

No individual debt constituents are reported in WisdomTree CBOE Russell 2000 PutWrite Strategy Fund's latest SEC N-PORT filing.

C000194429 Prospectus and SEC Filings

Official WisdomTree CBOE Russell 2000 PutWrite Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-01-16
• Prospectus supplement (497) — filed 2019-04-18
• Prospectus supplement (497) — filed 2018-02-09
• Portfolio holdings (N-PORT) — filed 2020-01-28
• Annual census (N-CEN) — filed 2019-11-12
• Annual census (N-CEN) — filed 2018-11-14

Related Funds

Other Options / Buffered funds tracked on ABC INVEST:

• AllianzIM U.S. Equity Buffer20 May ETF (MAYW)
• AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF (SIXD)
• AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW)
• AllianzIM U.S. Equity Buffer20 Jan ETF (JANW)
• AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.