WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded
fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset
manager, announced today the launch of the WisdomTree Alternative
Income Fund (HYIN) on the CBOE with an expense ratio of 3.20%1.
HYIN seeks to track the price and yield performance, before fees
and expenses, of the Gapstow Liquid Alternative Credit Index
(GLACI).
Gapstow Capital Partners, a recognized alternative credit
leader, has created the GLACI, which is an equal weighted index
that tracks the performance of debt and debt-based securities of
approximately 35 “Publicly Traded Alternative Credit Vehicles”
(PACs) that consist of Business Development Companies (BDCs), Real
Estate Investment Trusts (REITs) and Closed-End Funds (CEFs).
“Fixed income investors are facing some specific market
challenges, including historically low rates, both in the U.S. and
on a global scale,” explained Kevin Flanagan, WisdomTree’s Head of
Fixed Income Strategy. “One way for investors to search for income
in a yield-challenged environment is through alternative credit,
which consists of debt and debt-based securities that have a higher
risk-return profile than traditional high yield bonds. With HYIN,
we’re offering investors a vetted and thoughtful option to access
exactly that.”
Chris Acito, Gapstow’s CEO, said, “GLACI is an alternative
credit index which is diversified, liquid, and investable. Its
design has been informed by our twelve years of experience in
multi-sector credit portfolio construction. We’re very pleased that
WisdomTree has chosen GLACI in bringing HYIN to market.”
The WisdomTree Alternative Income Fund (HYIN) selects PACs from
six alternative credit sectors, representing different forms of
traded credit, structured credit, and private credit. Against the
backdrop of low yields in treasuries, corporate bonds and equities,
HYIN offers considerable potential yield advantages and provides a
moderate to low correlation to equity and fixed income markets.
Thomas Skrobe, WisdomTree’s Head of Product Solutions, said,
“Historically, alternative credit markets have primarily been
limited to institutional or ultra-high net worth investors
typically through private fund structures, but these solutions for
alternative income will be a natural complement within model
portfolios as global rates remain at historically low levels.
That’s why ‘quality and income’ is one of WisdomTree’s core,
ongoing investment themes and serves as a differentiating factor in
our approach to both equity & fixed income solutions.”
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Fund 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.
There are risks associated with investing, including possible
loss of principal. The Fund is considered to be non-diversified,
which means that it may invest more of its assets in the securities
of a single issuer or a smaller number of issuers than if it were a
diversified fund. Higher yielding securities, sometimes referred to
as junk bonds, may present additional risk because these securities
may be less liquid and present more credit risk than investment
grade bonds.
The Fund invests in alternative credit sectors through
investments in underlying closed-end investment companies (“CEFs”),
including those that have elected to be regulated as business
development companies (“BDCs”), and real estate investment trusts
(“REITs”). The value of a CEF can decrease due to movements in the
overall financial markets. BDCs generally invest in less mature
private companies, which involve greater risk than
well-established, publicly traded companies, and BDCs are subject
to high failure rates among the companies in which they invest. By
investing in REITs, the Fund is exposed to the risks of owning real
estate, such as decreases in real estate values, overbuilding,
increased competition and other risks related to local or general
economic conditions. The Fund invests in the securities included
in, or representative of, its Index regardless of their investment
merit and the Fund does not attempt to outperform its Index or take
defensive positions in declining markets. Please read the Fund’s
prospectus for specific details regarding the Fund’s risk
profile.
Statements concerning financial market trends are based on
current market conditions, which will fluctuate.
WisdomTree Funds are distributed by Foreside Fund Services LLC,
in the U.S. only. Foreside Fund Services LLC. is not affiliated
with the other entities mentioned.
Kevin Flanagan and Thomas Skrobe are registered representatives
of Foreside Fund Services, LLC.
1 The Total Expense Ratio of 3.20% includes management fees of
0.50% and acquired fund fees and expenses of 2.70%.
WTPR-20210429-0115
About WisdomTreeWisdomTree Investments, Inc.,
through its subsidiaries in the U.S. and Europe (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, commodities, fixed income, leveraged and inverse,
currencies, and alternative strategies. WisdomTree currently has
approximately $69.3 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.
About Gapstow Capital PartnersFormed in 2009,
Gapstow Capital Partners is a boutique investment consultancy
focused exclusively on opportunities within the alternative
credit asset class. As part of our on-going research, Gapstow
maintains a series of more than 30 proprietary performance indices,
including the Gapstow Liquid Alternative Credit Index. Gapstow is
based in New York City. For more information, please
visitwww.gapstow.com.
Contact Information
Media RelationsWisdomTree Investments, Inc.Jessica
Zaloom+1.917.267.3735jzaloom@wisdomtree.com /
wisdomtree@fullyvested.com
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