WisdomTree Announces ETF Share Splits
May 27 2021 - 8:30AM
WisdomTree (NASDAQ: WETF), an exchange-traded product (“ETP”)
sponsor and asset manager, today announced forward share splits on
the WisdomTree U.S. Quality Shareholder Yield Fund (QSY) and the
WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL).
Forward splits increase the number of shares outstanding and
decrease the price per share. The splits will not change the total
value of a shareholder’s investment.
The stock splits will apply to shareholders of record as of the
close of the markets on June 7, 2021, payable after the close of
the markets on June 9, 2021. Shares will trade at their post-split
price on June 10, 2021.
Ticker |
Fund Name |
NAV per Share (as of
5/26/2021) |
Split Ratio |
QSY |
WisdomTree U.S. Quality Shareholder Yield Fund |
$118.82 |
2:1 |
DNL |
WisdomTree Global ex-U.S. Quality Dividend Growth Fund |
$82.37 |
2:1 |
The following table illustrates the effect of a hypothetical
2-for-1 forward share split:
Period |
Number of Shares Owned |
Hypothetical Price per Share |
Total Value of Shares |
Pre-Split |
100 |
$100.00 |
$10,000 |
Post-Split |
200 |
$50.00 |
$10,000 |
The WisdomTree Capital Markets team is continually evaluating
the suite of WisdomTree funds for potential operational or other
changes that seek to benefit investors, with particular focus on
ETF trading.
Anita Rausch, WisdomTree Head of Capital Markets, said, “As QSY
and DNL continue to gain traction and interest from investors,
splitting the funds’ price 2:1 has the potential to result in
tighter bid/ask spreads for the benefit of all investors.
Furthermore, the lower price point of the funds allow for a smaller
minimum investment, as well as further ease when rebalancing ETF
portfolios, among other potential benefits.”
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Funds before
investing. To obtain a prospectus for WisdomTree Funds containing
this and other important information, please call 866.909.9473 or
visit WisdomTree.com to view or download a prospectus. Investors
should read the prospectus carefully before
investing.There are risks associated with investing,
including the possible loss of principal. Foreign investing
involves special risks, such as risk of loss from currency
fluctuation or political or economic uncertainty. Investments in
emerging or offshore markets are generally less liquid and less
efficient than investments in developed markets and are subject to
additional risks, such as risks of adverse governmental regulation
and intervention or political developments. The Fund’s exposure to
certain sectors may increase its vulnerability to any single
economic or regulatory development related to such sector. As this
Fund can have a high concentration in some issuers, the Fund can be
adversely impacted by changes affecting those issuers. Please read
the Fund’s prospectus for specific details regarding the Fund’s
risk profile.
WisdomTree Funds are distributed by Foreside Fund Services, LLC,
in the U.S. only.Anita Rausch is a registered representative of
Foreside Fund Services, LLC.
Bid/Ask Spread: This is essentially the difference in price
between the highest price that a buyer is willing to pay for an
asset and the lowest price for which a seller is willing to sell
it.
WTPR-20210520-0119
About WisdomTree
WisdomTree Investments, Inc. through its subsidiaries in the
U.S. and Europe (collectively, “WisdomTree”), is an ETF and ETP
sponsor and asset manager headquartered in New York. WisdomTree
offers products covering equity, commodity, fixed income, leveraged
and inverse, currency, cryptocurrency and alternative strategies.
WisdomTree currently has approximately $74.5 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
+1.917.267.3735jzaloom@wisdomtree.com /
wisdomtree@fullyvested.com
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