IMPORTANT NOTICES
9th November 2020
Splits and consolidations of certain classes of WTMA ETP securities effective
Further to the announcement made by WisdomTree Multi Asset Issuer Public Limited Company on the 9 October 2020. The Splits and consolidations of certain classes of WTMA ETP securities have been made effective today:
Consolidations
+ WisdomTree Brent Crude Oil 3x Daily Short
+ WisdomTree NASDAQ 100 3x Daily Short
+ WisdomTree Natural Gas 3x Daily Leveraged
+ WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged
Splits
+ WisdomTree NASDAQ 100 3x Daily Leveraged
See announcements for further information:
3rd November 2020
Proposed conversion of WisdomTree Multi-asset issuer to an ICSD settlement model
Today all products issued by WisdomTree Multi Asset Issuer PLC (the Issuer) trade 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 products are listed on multiple stock exchanges and, settlement occurs on multiple local CSDs. This has been the standard operating model for these types of products.
From 29 March 2021 the Issuer will lose the ability to use the CREST System as an issuing CSD. In order to continue to trade, it is proposed to transfer the settlement of trading in the product to the International Central Securities Depositary (ICSD) structure (the ICSD Settlement Model) in December 2020.
See announcement and FAQ for further information:
23rd October 2020
Splits and consolidations of certain classes of WTMA ETP securities effective date and products announced
Further to the announcement made by WisdomTree Multi Asset Issuer Public Limited Company on the 9 October 2020. The date that the Splits and Consolidations will become effective will be the 9 November 2020 and the following products will be effected:
Consolidations
+ WisdomTree Brent Crude Oil 3x Daily Short
+ WisdomTree NASDAQ 100 3x Daily Short
+ WisdomTree Natural Gas 3x Daily Leveraged
+ WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged
Splits
+ WisdomTree NASDAQ 100 3x Daily Leveraged
See announcements for further information:
15th October 2020
WisdomTree Issuer X prospectus correction
The Prospectus for the Issuer dated 26 November 2019 (the “Prospectus”) incorrectly lists Societe Generale as a Swiss Listing/Paying Agent for the Securities. Societe Generale does not act as Swiss Listing/Paying Agent for the Securities and the reference in the Prospectus to Societe Generale as a Swiss Listing/Paying Agent should be disregarded.
See announcement for more information:
12th October 2020
Upcoming Index Rebalances
Rebalancing files can be found on the Rebalance and Distribution Information page.
9th October 2020
Splits and consolidations of certain classes of WTMA ETP securities announced
WisdomTree Multi Asset Issuer Public Limited Company (the “Issuer”) has announced that it will be effecting consolidations of certain classes of exchange traded products (“ETP”) securities.
For full details of these announcements
+ Circular for Splits
+ Announcement for Consolidations
6th October 2020
Proposal for the amendment of the product Leverage factor of WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily
Leveraged
Notice of a meeting of the holders of WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged Securities. The Issuer proposes the reduction in the product leverage factor and the change of Index in order to reduce the likelihood of a restrike event or a severe overnight gap event occurring.
For full details of these proposals:
+ Circular for VIXL Securities
6th October 2020
Proposed Changes to Mitigate Volatility in WTMA Securities
This calendar year has seen particularly high volatility in the price of crude oil futures contracts, including a period when the price of the May 2020 WTI Crude Oil futures contract went negative, and closed at a negative level price. WTMA issuer has therefore been considering proposals to seek to mitigate some of the risk associated with extreme volatility for the benefit of Security Holders and to improve the stability and liquidity of certain classes of securities.
For full details of these proposals:
+ Circular for WTMA Securities
+ WTMA Vol proofing correction notice
2nd October 2020
Important Changes to Index Methodology for Equity UCITS ETFs
We are announcing changes to the index methodologies of the underlying indices of several UCITS Funds. The change to each of the Funds’ supplements will take effect from on or around 16 October 2020 (the “Effective Date”). The change to the index methodologies will only cause a change in the underlying components of the Index at the next rebalance date for each Fund.
The following products are affected:
WisdomTree Battery Solutions UCITS ETF
WisdomTree Emerging Markets Equity Income UCITS ETF
WisdomTree Emerging Markets SmallCap Dividend UCITS ETF
WisdomTree Europe Equity Income UCITS ETF
WisdomTree Europe Equity UCITS ETF
WisdomTree Europe SmallCap Dividend UCITS ETF
WisdomTree Eurozone Quality Dividend Growth UCITS ETF
WisdomTree Global Quality Dividend Growth UCITS ETF
WisdomTree Japan Equity UCITS ETF
WisdomTree UK Equity Income UCITS ETF
WisdomTree US Equity Income UCITS ETF
WisdomTree US Quality Dividend Growth UCITS ETF
For more details, please see the following links:
+ Shareholder Notification (2 October 2020)
+ WisdomTree's approach to ESG (includes rebalance dates)
29th September 2020
Proposed Changes to Mitigate Volatility in HCSL and S&L CSL Securities
This calendar year has seen particularly high volatility in the price of crude oil futures contracts, including a period when the price of the May 2020 WTI Crude Oil futures contract went negative, and closed at a negative level price. The CSL and HCSL issuers have therefore been considering proposals to seek to mitigate some of the risk associated with extreme volatility for the benefit of Security Holders and to improve the stability and liquidity of certain classes of securities.
For full details of these proposals:
+ Circular for Short & Leveraged CSL Securities
+ Q&A for Short & Leveraged CSL Securities
+ Circular for HCSL Securities
+ Q&A for HCSL Securities
14th September 2020
Upcoming Index Rebalances
Rebalancing files can be found on the Rebalance and Distribution Information page.
3rd September 2020
Creations Reopen for WisdomTree oil products
With effect from 3 September 2020, creations by Authorised Participants in the following products will now be permitted:
+ WisdomTree WTI Crude Oil 1x Daily Short (SOIL)
+ WisdomTree WTI Crude Oil 2x Daily Leveraged (LOIL)
+ WisdomTree WTI Crude Oil - GBP Daily Hedged (PCRD)
+ WisdomTree WTI Crude Oil - EUR Daily Hedged (ECRD)
Please see the legal announcement for further information:
11th August 2020 (Updated 27th August 2020)
UCITS Fund Closures
Please note that WisdomTree Issuer ICAV has made a follow up legal announcement today in relation to the compulsory redemption of eight UCITS funds which is to be effective on or around 8th September 2020. The last trading day on exchange for these products will be has been amended to the 27 August 2020. The Issuer has also confirmed the liquidation process regarding the closing funds – see our FAQ or the RNS Announcement dated 27 August 2020 below for details.
The affected funds are:
+ WisdomTree Emerging Asia Equity Income UCITS ETF
+ WisdomTree Germany Equity UCITS ETF
+ WisdomTree India Quality UCITS ETF
+ WisdomTree Japan SmallCap Dividend UCITS ETF
+ WisdomTree ISEQ 20 UCITS ETF
+ WisdomTree US Multifactor UCITS ETF
+ WisdomTree US SmallCap Dividend UCITS ETF
+ WisdomTree CBOE S&P 500 PutWrite UCITS ETF
For further information please see:
+ RNS Announcement Update (27th August)
+ RNS Announcement Update (24th August)
+ RNS Announcement Update (11th August)
15th July 2020
Index change circular for WisdomTree WTI Crude Oil (CRUD)
Please note, security holders can still vote as the 15 July 2020 meeting of WisdomTree WTI Crude Oil Individual Securities has been adjourned to 10am on Tuesday 28 July 2020.
Index change circular for WisdomTree WTI Crude Oil Individual Securities
+ Circular
+Proxy
For further information on the proposed changes please see:
+ FAQ
1st July 2020
Creations Reopen for WisdomTree WTI Crude Oil (CRUD)
With effect from 1 July 2020, creations by Authorised Participants in WisdomTree WTI Crude Oil (CRUD) will now be permitted.
Please see the legal announcement for further information:
24 June 2020
WisdomTree Oil Securities Limited Energy Securities confirmation of Final Price on Compulsory Redemption
Please note that WisdomTree Oil Securities Limited has made the following announcement:
+ WisdomTree Oil Securities Limited Final NAV Price
22 June 2020
Zero floor circular for WisdomTree WTI Crude Oil (CRUD) & Index change circular for WisdomTree WTI Crude Oil (CRUD)
Please note, security holders can still vote as the 25 June 2020 meeting of WisdomTree WTI Crude Oil Micro Securities & WisdomTree WTI Crude Oil Individual Securities has been adjourned to 10am on Wednesday 8 July 2020.
+ Circular
+ Proxy
Index change circular for WisdomTree WTI Crude Oil Individual Securities
+ Circular
For further information on the proposed changes please see:
+ FAQ
5 June 2020 (Original announcement 20 May 2020)
OSL legal announcement
Please note that WisdomTree Oil Securities Limted has made the following legal announcement. Effective 22 June 2020 OSL will be closed entirely, and all securities will be compulsory redeemed. The last trading date on European exchanges is expected to be on or around 10th June.
Products affected
- WisdomTree Brent Crude Oil 1mth
- WisdomTree Brent Crude Oil 1yr
- WisdomTree Brent Crude Oil 2yr
- WisdomTree Brent Crude Oil 3yr
- WisdomTree WTI Crude Oil 2mth
- WisdomTree WTI Crude Oil 1yr
- WisdomTree WTI Crude Oil 2yr
- WisdomTree WTI Crude Oil 3yr
- WisdomTree Carbon
Please see the legal announcement for further information:
+ FAQ
22 May 2020
HMSL Issuer Fee Change
Please note that WisdomTree Hedged Metal Securities Limited has made the following legal announcement. Effective 22 June there will be an overall fee reduction for the following products:
Please see the legal announcement for further information:
18 May 2020
Creations Temporarily halted on WisdomTree Carbon (CARB)
WisdomTree Oil Securities Limited the Issuer will be temporarily no longer accepting Applications from Authorised Participants for:
- WisdomTree Carbon
This will be effective from 1:00pm BST, 18th May 2020 until a further announcement is made.
Please see the legal announcement for further information:
12 May 2020
Creations Temporarily Halted on WisdomTree Oil Securities Limited products
WisdomTree Oil Securities Limited the Issuer will be temporarily no longer accepting Applications from Authorised Participants for new Energy Securities of the following classes:
- WisdomTree Brent Crude Oil 1mth
- WisdomTree Brent Crude Oil 1yr
- WisdomTree Brent Crude Oil 2yr
- WisdomTree Brent Crude Oil 3yr
- WisdomTree WTI Crude Oil 1yr
- WisdomTree WTI Crude Oil 2mth
- WisdomTree WTI Crude Oil 2yr
- WisdomTree WTI Crude Oil 3yr
This will be effective from 2:30pm BST, 12th May 2020 until a further announcement is made.
Please see the legal announcement for further information:
4 May 2020
Notice in Respect of Product Name Change - WisdomTree US Treasuries 10Y 5x Daily Leveraged
Notice is hereby given that as of the date of this notice, the Issuer and the Trustee entered into a supplemental trust deed (the “Supplemental Trust Deed”) to amend the terms of the Trust Deed to reflect the change in name of the ETP Securities from WisdomTree US Treasuries 10Y 5x Daily Leveraged to WisdomTree US Treasuries 10Y 5x Daily Short.
Please see the full notice for further information:
+ Notice of Product Name Change
3 May 2020
Creations Temporarily Halted on WisdomTree WTI Crude Oil - EUR Daily Hedged (ECRD) and WisdomTree WTI Crude Oil - GBP Daily Hedged (PCRD)
WisdomTree Hedged Commodity Securities Limited has announced that due to unprecedented levels of volatility in WTI crude oil contracts, it is temporarily halting creations by Authorised Participants in WisdomTree WTI Crude Oil - EUR Daily Hedged (ECRD) and WisdomTree WTI Crude Oil - GBP Daily Hedged (PCRD).
This will be effective from 2:30pm BST, 4th May 2020 until a further announcement is made.
Please see the legal announcement for further information:
+ FAQ
30 April 2020
Creations Temporarily Halted on WisdomTree WTI Crude Oil (CRUD)
WisdomTree Commodity Securities Limited has announced that due to unprecedented levels of volatility in WTI crude oil contracts, it is temporarily halting creations by Authorised Participants in WisdomTree WTI Crude Oil (CRUD).
This will be effective from 2:30PM BST, 30th April 2020 until a further announcement is made.
Please see the legal announcement for further information:
+ FAQ
24 April 2020
Creations Temporarily Halted on Two Short & Leveraged ETPs Tracking WTI Oil
WisdomTree Commodity Securities Limited has announced that due to unprecedented levels of volatility in WTI crude oil contracts, it is temporarily halting creations by Authorised Participants in the following Short and Leveraged Commodity Securities:
+ WisdomTree WTI Crude Oil 2x Daily Leveraged
+ WisdomTree WTI Crude Oil 1x Daily Short
This will be effective from 24th April 2020 until a further announcement is made.
Please see the legal announcement and FAQ for further information:
+ FAQ
22 / 24 April 2020
WTMA Plc announce the following product 3OIS will be compulsorily redeemed
WisdomTree Multi Asset Issuer Public Limited Company today announced that the following product will be compulsorily redeemed. This is due to the rise in oil prices causing the swap provider to close out the underlying swap contracts backing these products:
+ WisdomTree WTI Crude Oil 3x Daily Short
Application has been made to the London Stock Exchange, Borsa Italiana and Deutsche Boerse (being the exchanges where the Impacted Products are admitted to trading) to request the Impacted Products be suspended with immediate effect and delisted.
The Issuer will make a further announcement to confirm the date on which the Issuer will pay out such amounts.
For further information please see:
+ FAQ
16 April 2020
Changes to WisdomTree Emerging Markets Equity Income UCITS ETF, WisdomTree Europe Equity UCITS ETF and WisdomTree UK Equity Income UCITS ETF
On or around the 6 May 2020 there will be an amendment to the methodology of the WisdomTree Emerging Markets High Dividend Index, the WisdomTree Europe Equity Income Index and the WisdomTree UK Equity Income Index, which WisdomTree Emerging Markets Equity Income UCITS ETF, WisdomTree Europe Equity UCITS ETF and WisdomTree UK Equity Income UCITS ETF track respectively.
The methodologies 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.
The change to the index methodologies will only cause a change in the underlying components of the index at the next rebalance date.
For more information, see the below resources:
+ Shareholder notification - change to index methodology
+ Equity Income Index Methodology Changes
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.
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