ITBL
WisdomTree FTSE MIB Banks
Why Invest?
- Gain exposure to the performance of FTSE MIB Banks.
- UCITS eligible and fully collateralised.
- Transparent performance and fees.
- Easy to invest: Everything in one product which does not require the investor to hold derivatives or a margin account.
- Risk Management: You cannot lose more than the amount invested.
- Liquidity: Trades on exchange, with multiple authorised participants (APs) and market makers (MMs).
Potential Risks
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The value of securities in this ETP is directly affected by increases and decreases in the value of the Index. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the performance of the Index.
- Currency Risk: The price of securities in this ETP is generally quoted in EUR. To the extent that a security holder purchases securities in another currency, the value will be affected by changes in the exchange rate.
- Counterparty risk: The Issuer is reliant on there being swap counterparties available to enter into swap agreements on a continuing basis and, if no swap counterparties are willing to do so, the ETP will not be able to achieve its investment policy of tracking the performance of the Index.
- Credit Risk: The Issuer is subject to the risk that third party service providers may fail to return property or collateral belonging to the Issuer or pay money due to the issuer. The ETP is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The collateral is held in segregated accounts at The Bank of New York Mellon. In the event a swap counterparty defaults, the proceeds from realisation of the collateral may be less than what the investor expects. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www. Wisdomtree. Com).
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Overview
Fund Overview | |
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Base/Trading Currency | EUR/EUR |
Bloomberg Ticker | ITBL IM |
Index Bloomberg Ticker | FMIBBN |
Index Name | FTSE MIB Banks 15% Capped Net Tax Index |
ISIN | IE00BYMB4Q22 |
Leverage Factor | N/A |
Structure | |
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Physical Assets | Yes (Collateral) |
Structure | ETP |
Domicile | Ireland |
Replication Method | Fully Collaterised Swap |
Further Legal and Tax Information | |
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ISA | Eligible |
SIPP | Eligible |
UCITS Eligible | Eligible |
UK Fund Reporting Status | Yes |
Key Service Providers | |
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Issuers | WisdomTree Multi Asset Issuer PLC |
Administrator | Apex IFS Limited |
Custodian | Bank of New York Mellon |
Trustee | Law Debenture Trust |
Auditor | Deloitte LLP |
Swap Provider | BNP Paribas Arbitrage SNC |
Market Makers | Market Makers |
Authorised Participants | APs |
Fees | |
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Annual Management Fee Rate | 0.35% |
Annual Swap Rate | 0.39% |
![Austria](https://www.wisdomtree.eu/-/media/images/icons/flags/flag_austria.png?h=53&iar=0&w=55&sc_lang=en-ie&hash=0003F4C8D7E75F37FBEE82E957A5BE5B)
![Belgium](https://www.wisdomtree.eu/-/media/images/icons/flags/flag_belgium.png?h=53&iar=0&w=55&sc_lang=en-ie&hash=CF1B0E3F84DF607E8451951CC88B05AC)
![Denmark](https://www.wisdomtree.eu/-/media/images/icons/flags/flag_denmark.png?h=53&iar=0&w=55&sc_lang=en-ie&hash=5A04391462BBEC20920DB09D498EDD24)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/fin.png?h=53&iar=0&w=55&hash=DBFB369CBF49A7D5CDDCB39F21C81DC4)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/fra.png?h=53&iar=0&w=55&hash=29034E32BEC46613943C35A2B8ABE914)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/deu.png?h=53&iar=0&w=55&hash=26AD67B609BDB6BCC0CB25818DC03475)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/ire.png?h=53&iar=0&w=55&hash=0F6247DC3BDF6B825AE17A65F3AA65A7)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/ita.png?h=53&iar=0&w=55&hash=AD1954389D98CDE77FA0D5008036E854)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/lux.png?h=53&iar=0&w=55&hash=44368DEB84673A9D94595DEEE01E47E0)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/nld.png?h=53&iar=0&w=55&hash=51B4FDBCDC17F727F2C4DE363416BC33)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/flag_norway.png?h=53&iar=0&w=55&hash=945C16AED887FF7F4614AF0F5D35869D)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/pol.png?h=53&iar=0&w=55&sc_lang=en-ie&hash=A840C345401C6FDBF49FECD1A718FDCC)
![Spain](https://www.wisdomtree.eu/-/media/images/icons/flags/flag_spain.png?h=53&iar=0&w=55&sc_lang=en-ie&hash=F9C10BF6537FC47C322BE041BDA25706)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/swe.png?h=53&iar=0&w=55&hash=9A692F3650068179778696073DFC2336)
![](https://www.wisdomtree.eu/-/media/images/icons/flags/gbr.png?h=53&iar=0&w=55&hash=AF746F207AD9CFEB01C94B70D74B936D)
Listings & Codes
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Performance
Product | |
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Month-To-Date (mtd) | -6.39% |
Year-To-Date (ytd) | 35.73% |
1 Year | 58.42% |
2 Year | 130.10% |
3 Year | 110.37% |
4 Year | 234.56% |
5 Year | 195.26% |
Index Details
FTSE MIB BANKS 15% CAPPED NET TAX INDEX
The FTSE MIB Banks 15% Capped Net Tax Index (the “Index”) tracks the performance of the FTSE MIB Index constituents classified as “Banks” in accordance with the Industry Classification Benchmark rules. The Index is market capitalisation weighted after adjusting constituents for float, with individual constituent weights capped at 15%. The Index rebalances quarterly in March, June, September and December.
Index Details | |
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Index Name | FTSE MIB Banks 15% Capped Net Tax Index |
Currency | EUR |
Index Provider | FTSE |
Bloomberg Ticker | FMIBBN |
Reuters Index Ticker | .TRIFMIBBN |
Documents and Links |
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Collateral Details
Collateral Details | 24 Jun 2024 |
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Collateral Coverage Ratio | 95.1% |
Collateralised | Yes |
Over Collateralised | Yes |
Custodian | Bank of New York Mellon |
Collateral Structure
![boost-collateral-structure](https://www.wisdomtree.eu/-/media/eu-media-files/images/wisdomtree-multiasset-issuer-collateral-structure.jpg)
Documents
Historical Data
WisdomTree Multi Asset Issuer PLC (the “Issuer”) issues products under a Prospectus (“WTMA Prospectus”) approved by the Central Bank of Ireland, drawn up in accordance with the Directive 2003/71/EC. The WTMA Prospectus has been passported to various European jurisdictions including the UK, Italy and Germany and is available on this document.
All rights in the FTSE MIB Banks 15% Capped Net Tax Index (the “Index”) vest in FTSE International Limited (“FTSE”). “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence.
The WisdomTree FTSE MIB Banks ETP (the "Product”) has been developed solely by WisdomTree Multi Asset Issuer PLC. The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Product and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Product. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Product or the suitability of the Index for the purpose to which it is being put by WisdomTree Multi Asset Issuer PLC