WisdomTree Target Range Fund (GTR)
About WisdomTree Target Range Fund (GTR)
In pursuing its investment objectives, the Fund seeks to follow the methodology of the TOPS Global Equity Target Range Index (the Index) created by Valmark Advisers, Inc. (Valmark), the Index Provider. However, the Fund is an actively managed exchange-traded fund (ETF). Therefore, the Funds returns are expected to be similar to the returns of the Index but will not match the Indexs returns due to the amount and timing of assets that flow in and out of the Fund and the Funds fees and expenses. The Index tracks the performance of a cash-secured (i.e., collateralized) call spread strategy which consists of (1) buying long call options and selling short call options on a portfolio of four ETFs that track the performance of large- and mid-capitalization companies in the United States, developed market countries and emerging market countries, respectively, consisting of the SPDR S&P 500 ETF Trust (SPY), iShares Russell 2000 ETF (IWM), iShares MSCI EAFE ETF (EFA), and iShares MSCI Emerging Markets ETF (EEM) (collectively, the Underlying ETFs); and (2) cash collateral. The target exposure of the Index, excluding cash collateral, as described below, is SPY (50 percent), IWM (20 percent), EFA (20 percent), and EEM (10 percent) though the Funds exposure may differ from time to time due to market movements and cash flows in and out of the Fund. Due to changes in the Index or discretionary changes by the Funds investment adviser, WisdomTree Asset Management, Inc. (WisdomTree Asset Management or the Adviser) and/or sub-adviser, Newton Investment Management North America, LLC (NIMNA or the Sub-Adviser), the target exposure among the Underlying ETFs may change over time.
Details
WisdomTree Target Range Fund News
Details
Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Fund’s investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund company’s website. Please read the prospectus carefully prior to investing.
Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value of an investment will fluctuate and when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the standardized performance data quoted. Select the Standardized Performance link for the latest quarterly performance.