PUTWWisdomTree CBOE S&P 500 PutWrite Strategy Fund
PUTW Fund Description
PUTW tracks an index of put options on the S&P 500 index. The index writes at-the-money put options and rolls its exposure monthly.
PUTW Factset Analytics Insight
PUTW offers a pure-play take on a well-established option strategy in an ETF. The fund writes at-the-money put options on the S&P 500 index, fully collateralized by cash and cash-like vehicles. The appeal is two fold: the premium earned from selling the options, which enables it to earn a return in a sidewise market, and generally lower volatility than the S&P 500. The strategy forgoes big upside if the S&P takes off and has plenty of downside if stocks tank. PUTW launched in February 2015 but tracks an index dating back to 2007. Its at-the-money, index-based exposure differs from active or alternative take on put-writes. Investors can also consider covered call ETFs like PBP. PUTW intends to distribute any gains annually and generally expects them to be taxed at a blended 60% long-term/40% short-term capital gains tax rate. Kudos to issuer WisdomTree for rare clarity on this point.
PUTW MSCI ESG Analytics Insight
WisdomTree CBOE S&P 500 PutWrite Strategy Fund has an MSCI ESG Fund Rating of A based on a score of 6.10 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. WisdomTree CBOE S&P 500 PutWrite Strategy Fund ranks in the 49th percentile within its peer group and in the 54th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
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PUTW Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PUTW. PUTW is rated a N/A out of 5.
PUTW Top 10 Holdings
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PUTW MSCI ESG Ratings
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PUTW Benchmark Comparison Market Cap Size