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

The WisdomTree Defined Return Autocallable EUR Active UCITS ETF is an actively managed strategy designed to deliver medium-to-long-term annualised net returns in the range of 8-9 percent in euro terms, except during sustained and severe market downturns.

It does so by investing primarily in structured derivative instruments known as autocallables whose payoff profiles are linked to large-capitalisation equity indices. These autocallables provide conditional features: they may pay a fixed positive return if certain index levels are met at observation dates, or incur losses if the index falls below predefined barriers at maturity.

In addition to these autocallable derivatives, the strategy holds a diversified mix of equity and investment-grade fixed-income securities. It also uses related derivative overlays - such as short basket swaps and interest-rate or inflation-linked swaps - to manage market risk and collateral exposure.

This combination aims to harvest both equity risk premia and volatility risk premia, with the goal of yielding more predictable return outcomes and improved downside resilience compared to a direct equity investment.

The fund is structured as a UCITS-compliant ETF domiciled in Ireland, operated by WisdomTree Issuer ICAV, with Atlantic House Investments Limited as fund manager. It is open-ended, daily-liquid, and uses active management rather than tracking any benchmark index.

It utilises unfunded swap agreements to obtain the exposure from autocallable instruments and subject to counterparty and issuer risk in line with the UCITS regulatory framework.