WisdomTree CBOE S&P 500 PutWrite Strategy Fund
PUTW
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Feb 25, 2016
- CIK
- 0001350487
- Similar Companies
- Business
- WisdomTree PutWrite Strategy Fund (PUTW) is an exchange-traded fund that seeks to track the price and yield performance, before fees and expenses, of the Volos US Large Cap Target 2.5% PutWrite Index (VULPW25). The fund implements a systematic, fully collateralized put-write strategy by selling exchange-listed put options on the SPDR S&P 500 ETF Trust (SPY Puts), targeting a minimum premium of 2.5% relative to SPY's price on the day prior to each roll date; these options, split roughly 50/50 between two contracts with five- to six-week expirations, are rolled bi-weekly, one week prior to expiration, with sale proceeds fully collateralized in one- and three-month U.S. Treasury bills. PUTW offers investors access to an institutional options overlay strategy via a low-cost '40 Act vehicle with an expense ratio of 0.44%, monthly income distributions classified as a mix of ordinary income and return of capital, potential downside protection with a historical beta of approximately 0.65 to the S&P 500 Index, and reduced portfolio volatility compared to direct equity exposure. Launched on February 24, 2016, and listed on NYSE Arca, the fund, managed by WisdomTree Investments, Inc. and headquartered in New York, New York, changed its name from WisdomTree CBOE S&P 500 PutWrite Strategy Fund and restructured its underlying index to the Volos US Large Cap Target 2.5% PutWrite Index effective October 24, 2022, shifting focus toward more consistent monthly distributions and enhanced income potential amid market uncertainty. The fund primarily targets income-seeking investors, retirees, and those aiming to de-risk S&P 500 exposure or lower portfolio beta, with assets under management of approximately $112 million as of mid-2024 and a distribution yield around 12%; it operates globally via U.S.-listed shares but focuses on U.S. large-cap equity index volatility through SPY options and Treasury collateral. No recent acquisitions, funding rounds, or major partnerships specific to PUTW are reported, though WisdomTree broadly expanded its digital asset initiatives, including tokenized funds and a trust company charter in 2024.