WisdomTree AT1 CoCo Bond UCITS ETF
COGO.SW
Swiss Exchange- -
GBP
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Ireland
- IPO Date
- Nov 13, 2023
- Similar Companies
- Business
- WisdomTree AT1 CoCo Bond UCITS ETF USD (ticker: COGO.SW) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the iBoxx Contingent Convertible Liquid Developed Europe AT1 Index. The ETF provides diversified exposure to Additional Tier 1 (AT1) contingent convertible bonds (CoCos) issued by financial institutions from developed European markets, denominated in EUR, USD, and GBP; these instruments follow Basel III bank capital classifications, are screened for credit ratings, liquidity, and WisdomTree's ESG criteria, and offer a unique yield, return, and risk profile through physical replication. It distributes income quarterly with a total expense ratio of 0.39%, and is UCITS compliant as an open-ended fund under the WisdomTree Issuer ICAV umbrella. Launched on 14 May 2018 and domiciled in Ireland, the ETF targets institutional and retail investors seeking high-yield fixed income exposure to European bank CoCos, with operations listed on multiple exchanges including the SIX Swiss Exchange (COGO.SW), London Stock Exchange (CCBO), and others across Europe. The fund invests solely in liquid, investment-grade CoCos backed by developed European financial institutions such as major banks, excluding those failing ESG standards like involvement in controversial weapons, tobacco, or thermal coal; key index characteristics as of July 2025 include a weighted average coupon of 6.57%, effective duration of 3.36 years, and yield to worst of 6.40%. In a significant operational change effective 23 June 2025, WisdomTree Issuer ICAV, the parent umbrella fund, transitioned its administrator from State Street Fund Services (Ireland) Limited to BNY Mellon Fund Services (Ireland) Designated Activity Company and its depositary from State Street Custodial Services (Ireland) Limited to The Bank of New York Mellon SA/NV, Dublin Branch, to optimize service provider relationships while maintaining compliance and asset safeguards. The fund manager role is held by Assenagon Asset Management S.A., with Deloitte Ireland LLP as auditor; no recent acquisitions, partnerships, funding rounds, or new product launches specific to this ETF have been reported, though the broader WisdomTree platform continues monthly index rebalancing and ESG screening. Assets under management stand at approximately EUR 41 million, with availability in key European markets including Switzerland, Germany, the UK, and Ireland.