IMPORTANT NOTICES
03 April 2020
Restrike event in WisdomTree WTI Crude Oil 3x Daily Short (3OIS) and WisdomTree Brent Crude Oil 3x Daily Short (3BRS) on Thursday, April 2nd 2020
At 15.35 BST on 2nd April 2020 the underlying index for WisdomTree WTI Crude Oil 3x Daily Short (3OIS) broke through the threshold level which, under the Prospectus and Final Terms, triggers an automatic “Restrike Event”, i.e., a rebalance of the product’s exposure intra-day. The product was rebalanced at a restrike price $3.8750511. At the end of the day, the Price of 3OIS was calculated with a Final NAV of $4.5491428.
At 15.35 BST on 2nd April 2020 the underlying index for WisdomTree Brent Crude Oil 3x Daily Short (3BRS) broke through the threshold level which, under the Prospectus and Final Terms, triggers an automatic “Restrike Event”, i.e., a rebalance of the product’s exposure intra-day. The product was rebalanced at a restrike price $1.4171424. At the end of the day, the Price of 3BRS was calculated with a Final NAV of $1.797001.
For further information please see:
+ 3OIS FAQ
+ 3BRS FAQ
23 March 2020
Proposed conversion of WisdomTree Issuer PLC to an ICAV and transition to the ICSD settlement model
Today sub-funds (the Funds) of WisdomTree Issuer PLC (the Issuer) settles trades in all shares using the central securities depositaries (CSD) settlement model. In the UK, settlement is through the local CSD, Euroclear UK & Ireland Limited (the CREST System). The Funds are listed on multiple stock exchanges and, settlement occurs on multiple local CSDs. This has been the standard operating model for almost all of the funds that are domiciled in Ireland.
From 29 March 2021 the Issuer will lose the ability to use the CREST System as an issuing CSD. In order to continue to issue shares, it is proposed to transfer the settlement of trading in the shares to the International Central Securities Depositary (ICSD) structure (the ICSD Settlement Model) in August 2020.
In order to facilitate a streamlined transition to ICSD for the Issuer, it is also proposed that the Issuer convert from a public limited company to an Irish collective assetmanagement vehicle (ICAV) in May 2020 and become ‘WisdomTree Issuer ICAV’. The ICAV structure is specific to investment funds and allows for a smoother and less time consuming transition to ICSD than the scheme for a plc.
For further information please see:
+ WisdomTree Issuer PLC ICAV/ICSD FAQ
+ EGM Circular and Notice - 23 March 2020
19 March 2020
Restrike event in WisdomTree WTI Crude Oil 3x Daily Short (3OIS) on Thursday, March 19th 2020
At 15:29 GMT on 19th March 2020, the underlying index for WisdomTree WTI Crude Oil 3x Daily Short broke through the threshold level required to trigger an automatic “Restrike Event” i.e. a rebalance of the product’s exposure intra-day. The product was rebalanced at a restrike price of $31.9895296, corresponding with an underlying index (NQCICLER) value of 143.58759481517, in accordance with the Restrike Event procedures specified in the WisdomTree Multi Asset Issuer Base Prospectus.
At the end of the day the ETP was rebalanced as usual for any end of day and a final NAV of $31.0588979 was calculated.
For further information please see:
+ FAQ
09 March 2020
WTMA Plc announce the following products will be compulsorily redeemed
WisdomTree Multi Asset Issuer Public Limited Company today announced that the following products will be compulsorily redeemed. This is due to the fall in oil prices causing the swap provider to close out the underlying swap contracts backing these products:
+ WisdomTree WTI Crude Oil 3x Daily Leveraged
+ WisdomTree Brent Crude Oil 3x Daily Leveraged
(together the “Impacted Products”)
The Issuer will make a further announcement to confirm the final amount that Security Holders will receive in respect of the Impacted Products and the date on which the Issuer will pay out such amounts.
For further information please see:
+ WTMA legal announcement 09/03/2020
+ WTMA legal announcement 13/03/2020
+ FAQ
11 February 2020
Delisting of certain trading lines from the London Stock Exchange
Please note that the following Issuers have made the below legal announcements to delist of a number of trading lines from the London Stock Exchange (LSE)
- WisdomTree Multi Asset Issuer PLC - with effect from the 1st April 2020
- WisdomTree Foreign Exchange Limited - with effect from the 24th March 2020
For each trading line of the security that will be delisted, at least one other trading line on a regulated European exchange will be maintained.
No classes of these securities will be closed as a result of these LSE delistings.
On or before the 31st March 2020 for products issued by WisdomTree Multi Asset Issuer PLC and on or before the 23rd March 2020 for the products issued by WisdomTree Foreign Exchange Limited (being the business days before the respective effective dates), we recommend investors contact their broker, financial advisor or investment intermediary to arrange one of the following actions:
(1) to convert their securities from the delisted trading line into a remaining currency trading line up to the last trading day or
(2) to sell their securities in the delisted trading line before or up to the last trading day and if investors wish to maintain their exposure to the security, they may purchase a remaining trading line of this security.
11th December 2019
Changes to WisdomTree US Equity Income UCITS ETF
From 20th December 2019, there will be an amendment to the methodology for WisdomTree US Equity Income Index, which this fund tracks.
The methodology will incorporate a new screening and weighting adjustment based on a composite risk score.
Stocks that would initially be eligible based on the dividend yield screen will be removed if they fall within the bottom quintile (20%) of the universe based on the composite risk score.
Eligible companies that pass both screens will then be weighted by their adjusted dividend stream, i.e., companies projected to pay more dividends and have higher composite risk scores will be more heavily weighted.
For more information, see the below resources:
Notice to shareholders
Old vs New Methodology Comparison
11th December 2019
Upcoming Index Rebalances
Rebalancing files can be found on the Rebalance and Distribution Information page.
31st July 2019
Product changes
Please note that the following Issuers have made legal announcements today in relation to compulsory redemptions of certain classes of securities and renaming of the Issuer and remaining securities, effective from 26th September 2019:
ETFS Commodity Securities Limited CLD
ETFS Commodity Securities Limited SL
ETFS Hedged Commodity Securities Limited
ETFS Equity Securities Limited*
Swiss Commodity Securities Limited*
*Please note that these Issuers will be closing entirely and all securities will be compulsorily redeemed.
Legal announcements have also been made in relation to the following Issuers to reflect the renaming of the Issuer and securities, effective from 26th September 2019.
ETFS Hedged Metal Securities Limited
Please note that there will not be any changes to Gold Bullion Securities Limited as part of this process.
Please see a copy of the press release and the Q&A for further information.
28th June 2019
SGBS Reduction of Management Fee
ETFS Metal Securities Limited (the “Issuer”) hereby announces that, with effect from 5 July 2019, the Management Fee rate in relation to the ETFS Physical Swiss Gold Individual Securities will be reduced from 0.25 per cent. per annum to 0.19 per cent. per annum. See full RNS Announcement.
1st April 2019
Index Notification - U.S. Multifactor Index
Effective June 2019, WisdomTree Investments will implement the following changes to the U.S. Multifactor Index to coincide with the quarterly reconstitution:
- Value and Quality Factor scores will be calculated within industry groups
- Low Correlation Factor will be calculated using historical time periods of 6 and 12 months
- The highest ranking multifactor scoring companies will be selected, subject to maximum and minimum constraints on number of components within a sector in seeking sector diversification.
Click here for more information
1st December 2018
WisdomTree Indices
The following WisdomTree Indices will be rebalanced following the close of trading, Friday, December 14th, 2018:
- WisdomTree US Multifactor Index
The following WisdomTree Indices will be rebalanced following the close of trading, Friday, December 21st, 2018:
- WisdomTree US Equity Income Index (TR)
- WisdomTree US SmallCap Dividend Index (TR)
- WisdomTree U.S. Quality Dividend Growth Index (TR)
1st December 2018
ISEQ Index
Rebalancing is scheduled to take place following the Close of Business Friday 21st December to take effect Monday 24th December.
1st December 2018
S&P China 500 Index (TR)
Rebalancing is scheduled to take place following the Close of Business Friday 21st December to take effect Monday 24th December.
As part of the annual rebalance this year scheduled for Trade date 19 October 2018, the below listed funds, sub funds of the WisdomTree Issuer PLC umbrella, will be gaining China Exposure, via the Local Domestic market. This will be achieved by acquiring equities via the China Stock Connect - Third Party Custodian Model, more commonly known as the “TPC model”. Click here for more information
- WisdomTree Emerging Asia Equity Income Index (TR)
- WisdomTree Emerging Markets High Dividend Index (TR)
- WisdomTree Emerging Markets SmallCap Dividend Index (TR)
- WisdomTree Global Developed Quality Dividend Growth Index (TR)
10th October 2018
Patisserie Holding Suspension
As a result of the recent news on the suspension of the Patisserie Holdings, and the subsequent issue of additional shares at a discounted value of approx. -88.0% . Wisdom Tree Issuer PLC will be adjusting the market value of this stock to GBP0.50, which accounts for the reduction and calculated on the last available trade price, before suspension, of GBP4.295. This stock is held on WisdomTree Europe SmallCap Dividend UCITS ETF (DFE) and equates to approximately 0.02% of the NAV. The adjustment will be made as of valuation date 16th October 2018.
Please do not hesitate to contact WisdomTree Operations or Capital Markets team should you have any questions.
1st September 2016
Brazilian Capital Gains Tax
Important information relating to WisdomTree Emerging Markets Equity Income UCITS ETF (DEM/DEMD) and the WisdomTree Emerging Markets Small Cap Dividend UCITS ETF (DGSE/DGSD) (the “Funds”): As a result of recent changes to the classification of Ireland by the Brazilian Tax Authorities, the above Funds will accrue for capital gains tax on unrealised gains on Brazilian equites held by the Funds at a rate of 15%. This accrual will be effective as of October 6th 2016.