WISDOMTREE AT1 COCO BOND UCITS ETF (ACC., EUR) COBA.IT

The WisdomTree AT1 CoCo Bond UCITS ETF aims to replicate, before fees and expenses, the performance of the iBoxx Contingent Convertible Liquid Developed Europe AT1 Index. The index measures the market of Additional Tier 1 contingent convertible bonds (CoCos) issued by financial institutions in Europe's developed markets and denominated in currencies such as EUR, USD and GBP. It follows Basel III rules concerning bank capital, excludes bonds failing WisdomTree's ESG criteria, uses a market value-weighting scheme, and is rebalanced monthly.

The fund invests in the fixed income asset class, specifically targeting hybrid debt securities of financial institutions. These CoCos are lower in the capital structure than senior debt, meaning they absorb losses or convert into equity under specific regulatory conditions.

The fund's exposure is focused on European developed markets CoCos that are credit-rated and screened for liquidity. The ETF is UCITS-compliant and is structured as an open-ended exchange traded fund domiciled in Ireland (Irish Collective Asset-management Vehicle, ICAV).

It employs a physical (optimised) replication method. The issuer is WisdomTree, with portfolio management outsourced to Assenagon Asset Management S.A. The fund's structure and adherence to UCITS regulation permit its offer across multiple European jurisdictions.