PUTW

WisdomTree PutWrite Strategy Fund

The WisdomTree PutWrite Strategy Fund* seeks to track the price and yield performance, before fees and expenses, of the Volos US Large Cap Target 2.5% PutWrite Index.


 

Why PUTW?

  • Gain access to an institutional option overlay strategy in a low cost** 40 Act vehicle.
  • Use to complement exposure to S&P 500 Index with potential for higher risk-adjusted returns.
  • Use to help lower portfolio beta, reduce downside risk and manage volatility.

 

*Prior to October 24, 2022, the WisdomTree PutWrite Strategy Fund was named the WisdomTree CBOE S&P 500 PutWrite Strategy Fund.

** Ordinary brokerage commissions apply.

 

Fund Overview

Profile
As of 11/25/2022
Expense Ratio 0.44%
CUSIP 97717X560
Total Assets (000) $95,595.66
Shares Outstanding 3,100,000
Distribution Yield 1.02%
SEC 30-day Yield 2.07%
Options Available* No
Inception Date 02/24/2016
Yields are historical, will fluctuate and are not guaranteed
*Options are not suitable for all investors.
Trading Information
As of 11/25/2022
Lead Market Maker Susquehanna
NAV Symbol PUTW.NV
Shares Out. Symbol PUTW.SO

Net Asset Value

Net Asset Value
As of 11/25/2022
NAV N/A
Change $0.022
Change % 0.07%
Premium/Discount to NAV 0.01%

Closing Market Price

Closing Market Price
As of 11/25/2022
Closing Market Price $30.840
Change $0.130
Change % 0.42%
Median Bid/Ask Spread (30-Day Avg.) 0.59%
Results are not indicative of future performance.

Total Returns

Total Returns
Month End Performance
(10/31/2022)
NAV Returns Market Price Returns
Cumulative
1 Month 3.65% 3.44%
3 Month -6.76% -6.62%
YTD -10.88% -10.85%
Since Inception* 42.01% 41.94%
Average Annual
1 Year -8.94% -8.74%
3 Year 3.84% 3.90%
5 Year 3.33% 3.32%
10 Year N/A N/A
Since Inception* 5.38% 5.38%
Total Returns
Quarter End Performance
(09/30/2022)
NAV Returns Market Price Returns
Cumulative
Since Inception* 37.00% 37.22%
Average Annual
1 Year -8.18% -8.33%
3 Year 3.39% 3.51%
5 Year 2.69% 2.74%
10 Year N/A N/A
Since Inception* 4.88% 4.91%

 

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.

WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

 

After Tax Returns

After Tax Returns
Month End Performance
(10/31/2022)
After Tax Held After Tax Sold
Cumulative
1 Month 3.19% 2.16%
3 Month -7.17% -4.00%
Since Inception* 34.64% 29.28%
Average Annual
1 Year -9.34% -5.29%
3 Year 3.28% 2.70%
5 Year 2.38% 2.21%
10 Year N/A N/A
Since Inception* 4.55% 3.92%
After Tax Returns
Quarter End Performance
(09/30/2022)
After Tax Held After Tax Sold
Cumulative
Since Inception* 34.64% 29.28%
Average Annual
1 Year -9.34% -5.29%
3 Year 3.28% 2.70%
5 Year 2.38% 2.21%
10 Year N/A N/A
Since Inception* 4.55% 3.92%

 

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.

WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

After-Tax Held Returns represent return on Fund shares after taxes on distributions and assumes Fund shares have not been sold. After-Tax Sold Returns represent returns on Fund shares after taxes on distributions and the sale of the Fund shares.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's individual tax rates and may differ from those shown.

In some cases the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of fund shares at the end of the measurement period.

 

Premium/Discount i
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.

The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated. IMPORTANT NOTE: The horizontal bar for ≥ 0.0 up to 0.5 includes the days that the Fund’s market price matched its NAV (that is, there was no premium or discount so the "premium/discount" percentage equaled zero.)

Asset Classification

As of 11/25/2022
Asset Group Asset Group Weight
Other 100.00%
Other 100.00%
Equity Options 3.30%
Index Options 96.70%
Other 3.30%
Equity Index 96.70%
Cash 4.91%
Cash 4.91%
Government 95.09%
Treasuries 95.09%

Holdings

As of 11/25/2022
*Holdings are subject to change without notice.

Recent Distributions

Recent Distributions

Important Risk Information

This information must be preceded or accompanied by a prospectus, click here to view or download prospectus. We advise you to consider the fund's objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the fund. Please read the prospectus carefully before you invest.

There are risks associated with investing, including possible loss of principal. The Fund will invest in derivatives, including put options on the SPDR S&P 500 ETF Trust (“SPY Puts”). Derivative investments can be volatile, and these investments may be less liquid than securities, and more sensitive to the effects of varied economic conditions. All SPY Puts are exchange-listed standardized options. The SPY Puts are selected to target a premium of 2.5%. THE SPY Puts sold by the Fund may have imperfect correlation to the returns of the Index. Although the Fund collects premiums on the SPY Puts it writes, the Fund’s risk of loss if the price of SPY falls below the strike price and the SPY Puts are exercised as of the Roll Date may outweigh the gains to the fund from the receipt of such option premiums. The sale of cash-secured SPY Puts serves to partially offset a decline in the price of SPY to the extent of the premiums received. The potential return to the Fund is limited to the amount of option premiums it receives; however, the Fund can potentially lose up to the entire strike price of each option it sells. By virtue of its put option sales strategy, Fund returns will be subject to an upside limitation on returns attributable to SPY, and the Fund will not participate in gains beyond such upside limitation. The Fund's investment strategy is subject to risks related to rolling. To the extent the Fund's portfolio managers are unable to roll the SPY Puts as described in the Fund's principal investment strategy, the Fund may be unable to achieve its investment objective. Due to the investment strategy of the Fund, it may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

  • Weighted Average Coupon - The mean of the coupon rate of the underlying bonds in a portfolio.
  • Fund Distribution Yield - Fund Distribution Yield is calculated by annualizing the most recent Fund distribution and dividing by the current Fund NAV. The yield represents a single distribution from the Fund and does not represent the total returns of the Fund.
  • SEC 30–day Yield - The yield figure reflects the dividends and interest earned during the period, after the deduction of the fund's expenses. This is also referred to as the "standardized yield."

WisdomTree Funds are distributed by Foreside Fund Services, LLC in the U.S. only.

Neither WisdomTree Investments, Inc., nor its affiliates, nor Foreside Fund Services, LLC, or its affiliates provide tax advice. All references to tax matters or information provided on this site are for illustrative purposes only and should not be considered tax advice and cannot be used for the purpose of avoiding tax penalties. Investors seeking tax advice should consult an independent tax advisor.