WISDOMTREE DEFENSIVE DEFINED RETURN AUTOCALLABLE EUR ACTIVE UCITS ETF (EUR, DRTD) DRTD.IT

The WisdomTree Defensive Defined Return Autocallable EUR Active UCITS ETF is an actively managed outcome-focused equity strategy. It aims to generate an annualised net return of 6-7% in euro terms over the medium to long term except during sustained, extended market downturns.

To achieve this, the fund invests in a diversified portfolio of defined return instruments known as autocallables, which are linked to large-cap equity indices. It also contains additional allocations to equities, investment-grade fixed income, and related OTC swaps to manage exposure and help smooth outcomes.

The asset class exposure is within equities and derivatives tied to equities (autocallable structured products) with supplemental fixed income and collateral securities. The strategy seeks to harvest both equity risk premia and volatility risk premia, while providing conditional downside protection via the structure of the autocallable derivatives.

The fund bears counterparty risk through its use of unfunded swap agreements, which is mitigated by holding collateral in the form of equity and fixed income securities. The fund is structured as an open-ended ETF under the UCITS regulatory framework, domiciled in Ireland, issued by WisdomTree Issuer ICAV, and is UCITS-eligible.

It uses an active (non-index tracking) investment mandate rather than tracking a benchmark index. Its legal form and vehicle are compliant with European UCITS rules.