WisdomTree Announces U.S. Quality Shareholder Yield Fund (QSY)
December 18 2017 - 8:30AM
Formerly WisdomTree U.S. LargeCap Value Fund
(EZY)
WisdomTree (NASDAQ:WETF), an exchange-traded fund (“ETF”) and
exchange-traded product (“ETP”) sponsor and asset manager, today
announced the implementation of changes for the WisdomTree U.S.
LargeCap Value Fund (EZY). Effective today, the fund is
renamed as the WisdomTree U.S. Quality Shareholder Yield Fund (QSY)
and seeks income and capital appreciation through a rules-based,
actively managed strategy. The fund’s expense ratio remains
unchanged at 0.38%.
Seeking Total Shareholder Yield
QSY will seek to achieve its investment objective by investing
primarily in U.S. equity securities that provide a high shareholder
yield while also displaying attractive attributes for traditional
quality measures. Shareholder yield is defined as return of capital
to shareholders through either dividend distributions or the
repurchase of shares (“buybacks”).
Jeremy Schwartz, WisdomTree Director of Research, said, “Total
shareholder yield is a preeminent source of stock value and a key
driver of returns. QSY’s additional screen for quality measures
such as return on equity (“ROE”) and return on assets (“ROA”) has
the potential to improve the sustainability of yields.
“We believe an active quantitative approach that optimizes for
high total shareholder yield—and identifies companies conducting
large stock buybacks—while screening for quality can add value over
the general market return averages,” Schwartz added.
QSY: What’s Under the Hood?
Using a disciplined, model-based process, the Fund will:
- Screen for quality by evaluating the level and trends in
profitability and risk parameters
- Screen for companies with minimum shareholder yield
requirements
- Apply sector weights and risk controls to portfolio
positions
At a minimum, the Fund’s portfolio will be reconstituted and
rebalanced annually, although a more active approach may be taken
depending on market conditions and investment opportunities, and
the number of holdings in the Fund may vary.
Learn more about the WisdomTree U.S. Quality Shareholder Yield
Fund (QSY) here.
This Fund is new and has limited operating history. Past
performance is not indicative of future results.
There are risks associated with investing, including possible
loss of principal. Funds focusing their investments on
certain sectors increase their vulnerability to any single economic
or regulatory development. This may result in greater share
price volatility. While the Fund is actively managed, the
Fund’s investment process is expected to be heavily dependent on
quantitative models and the models may not perform as
intended. Please read the Fund’s prospectus for specific
details regarding the Fund’s risk profile.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Funds before
investing. To obtain a prospectus containing this and other
important information, call 866.909.9473 or visit wisdomTree.com.
Read the prospectus carefully before you invest.
WisdomTree Funds are distributed by Foreside Fund Services, LLC,
in the U.S. only.
Jeremy Schwartz is a registered representative of Foreside Fund
Services, LLC.
WTPR-20171212-0009
About WisdomTree
WisdomTree Investments, Inc., through its subsidiaries in the
U.S., Europe, Japan and Canada (collectively, “WisdomTree”), is an
exchange-traded fund (“ETF”) and exchange-traded product (“ETP”)
sponsor and asset manager headquartered in New York.
WisdomTree offers products covering equities, fixed income,
currencies, commodities and alternative strategies.
WisdomTree currently has approximately $48.3 billion in assets
under management globally. For more information, please visit
www.wisdomtree.com or follow us on Twitter @WisdomTreeETFs.
WisdomTree® is the marketing name for WisdomTree Investments,
Inc. and its subsidiaries worldwide.
Contact Information:
Media RelationsWisdomTree Investments, Inc.Jessica Zaloom /
Kylie Scott+1.917.267.3735 / +1.917.267.3860jzaloom@wisdomtree.com
/ kscott@wisdomtree.com
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