TFRN/TFRP
WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc
The WisdomTree USD Floating Rate Treasury Bond UCITS ETF (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Bloomberg Barclays U.S. Treasury Floating Rate Bond Index. Learn more about the Index that TFRN is designed to track.
- Diversified exposure to the newly issued US government floating rate notes (first issuance in January 2014)
- The yield of FRNs is expected to better reflect the changes in US short term interest rates
- Reduce corporate credit risk and gain exposure to US government backed coupons
- Lower duration exposure using US Treasury FRNs
- Physically replicated, and UCITS compliant
Potential risks?
- Credit risk: Investment grade government bonds may still be subject to credit difficulties leading to the loss of some or all of the sums invested.
- The Fund’s coupon payment may decline when US short term interest rates fall.
- Liquidity risk: It may be difficult for the Fund to buy or sell certain investments in some market conditions.
- This list does not cover all risks-further risks are disclosed in the KIID and Prospectus.
Overview
Fund Overview | |
---|---|
Asset Class | Fixed Income |
Use of Income | Accumulating |
Base Currency | USD |
Dividend Frequency | N/A |
Inception Date | 21 Mar 2019 |
Exchange Ticker | TFRN/TFRP |
Index Name | Bloomberg Barclays US Treasury Floating Rate Bond Index |
TER | 0.15% |
Portfolio Characteristics | 19 Jul 2024 |
---|---|
Weighted Average Coupon | 5.45 |
Average Years To Maturity | 0.96 |
Effective Duration ( 19 Jul 2024) | 0.02 |
Average Yield To Maturity ( 19 Jul 2024) | 5.44% |
Distribution Yield | 5.32% |
Yield To Worst | 5.44% |
Structure | |
---|---|
Replication Method | Physical, Fully Replicated |
Legal Form | Irish Collective Asset-management Vehicle (ICAV) |
Fund Umbrella | WisdomTree Issuer ICAV |
Domicile | Ireland |
Structure | Open-ended Exchange Traded Fund |
Financial Year End | 31 December |
UCITS Compliant | Compliant |
Further Legal and Tax Information | |
---|---|
ISA | Eligible |
SIPP | Eligible |
UCITS Eligible | Eligible |
Key Service Providers | |
---|---|
Custodian | State Street Custodial Services (Ireland) Limited |
Administrator | State Street Fund Services (Ireland) Limited |
Fund Manager | Irish Life Investment Managers |
Auditor | Ernst & Young Ireland |
Listings & Codes
Listings & Codes | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||||||||||||||
|
||||||||||||||||||||||||
|
||||||||||||||||||||||||
|
Holdings
Issuer Breakdown
Index Details
Index Details | |
---|---|
Index Name | Bloomberg Barclays US Treasury Floating Rate Bond Index |
Currency | USD |
Index Provider | Bloomberg |
Bloomberg Ticker | BTFLTRUU |
Leverage Factor | N/A |
Responsible Investing
SFDR Disclosure
The EU Sustainable Finance Disclosures Regulation (SFDR) took effect on 10 March 2021 as part of the EU Action Plan on Sustainable Finance. The SFDR lays down harmonised sustainability related disclosure rules for EU financial market participants and advisors and requires certain sustainability disclosures to be made for financial products which promote environmental or social characteristics (Article 8 SFDR) and funds which have a sustainable investment objective (Article 9 SFDR).
There are different SFDR product categorisations for these sustainability disclosure requirements:
+ Article 6 products: require disclosures relating to the manner in which sustainability risks are integrated into the decision-making process.
+ Article 8 products: promote, among other characteristics, environmental or social characteristics or a combination of those characteristics, provided that the companies in which the investments are made follow good governance practices.
+ Article 9 products: have sustainable investment as their objective
Please refer to EU regulation guidelines for more details: https://www.esma.europa.eu/sections/sustainable-finance
SFDR categorisations | |
---|---|
SFDR Disclosure | Article 6 |
The fund tracks an index which seeks to exclude from the eligible investment universe companies that (i) violate, certain commonly accepted international norms and standards, such as United Nations and the Organisation for Economic Co-operation and Development (OECD) guidelines, (ii) are involved in controversial weapons such as anti-personnel mines and cluster munitions, (iii) are significantly involved in the tobacco industry, (iv) are significantly involved in thermal coal activity, such as coal mining and exploration and coal-based power generation, (v) are significantly involved in unconventional oil and gas exploration/production, such as oil sands, Arctic oil and gas or shale energy, (vi) do not meet such other ESG criteria such as significant involvement in small arms, as detailed in the Index methodology. Visit our ESG Hub to learn more about WisdomTree's ESG approach.
ESG Characteristics
MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics and Ratings (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 31,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.
Sustainability Characteristics | |
---|---|
MSCI ESG Fund Ratings (AAA-CCC) | N/A |
DISCLAIMERS
The products discussed in this document are issued by WisdomTree Issuer ICAV (“WT Issuer”). WT Issuer is an umbrella investment company with variable capital having segregated liability between its funds organised under the laws of Ireland as an Irish Collective Asset-management Vehicle and authorised by the Central Bank of Ireland (“CBI”). WT Issuer is organised as an Undertaking for Collective Investment in Transferable Securities (“UCITS”) under the laws of Ireland and shall issue a separate class of shares ("Shares”) representing each fund. Investors should read the prospectus of WT Issuer (“WT Prospectus”) before investing and should refer to the section of the WT Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the Shares.
BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS®is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays is affiliated with WisdomTree Inc, and neither approves, endorses, reviews or recommends the WisdomTree USD Floating Rate Treasury Bond UCITS ETF(the “Fund”). Neither Bloomberg nor Barclays guarantees the timeliness, accurateness or completeness of any data or information relating to the Bloomberg Barclays US Treasury Floating Rate Bond Index (the “Index”),and neither shall be liable in any way to WT Issuer, investors in the Fund or other third parties in respect of the use or accuracy of the Index or any data included therein.