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WisdomTree Launches Floating Rate Treasury ETF

Stocks in this article: WETF

Treasury Floating-Rate Notes (FRNs) Designed to Pay Out More Interest as Market Rates Rise

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) Provides Exposure to U.S. Treasury's Newest Security

NEW YORK, Feb. 4, 2014 (GLOBE NEWSWIRE) -- WisdomTree (Nasdaq:WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today announced the launch of the WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) on the NYSE Arca. USFR seeks to provide exposure to floating rate notes issued by the United States Treasury. The Fund has a net expense ratio of 0.15%. 1

United States Treasury Issues Floating-Rate Notes (FRNs) For First Time In History

As investors continue to assess their options for reducing interest rate risk, the United States Treasury is seeking to tap this growing demand by issuing FRNs for the first time in its history.

"U.S. floating-rate debt can help bridge an important gap between short-maturity Treasury bills and longer-maturity, fixed rate Treasury bonds. As another means for the Treasury to fulfill growing investor demand and diversify its sources of funding, we believe that issuance and investor use of floating rate Treasuries are poised to grow over the next several years," said Rick Harper, WisdomTree's Head of Currency and Fixed Income.

Expanding the WisdomTree Suite of Rising Rates ETF Solutions

"With interest rate risk on the minds of many investors in 2014, we believe that floating-rate Treasury securities provide another tool for investors to manage interest rate risk while generating income payments that are backed by the full faith and credit of the U.S. government," Harper said.

With the launch of the WisdomTree Bloomberg Floating Rate Treasury Fund (USFR), WisdomTree will offer an ETF to access FRNs, adding to its existing suite of rising rates ETF solutions.

     
Ticker Fund Name Expense Ratio
USFR WisdomTree Bloomberg Floating Rate Treasury Fund 0.15%
AGND WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund 0.28%
AGZD WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund 0.23%
HYND WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund 0.48%
HYZD WisdomTree BofA Merrill Lynch High Yield Zero Duration Fund 0.43%
JGBB WisdomTree Japan Interest Rate Strategy Fund 0.50%
     
1The Fund's gross expense ratio of 0.20% and the net expense ratio of 0.15% reflect a contractual waiver of 0.05% through the Fund's first year of operations.    

Investors should carefully consider the investment objectives, risks, charges and expenses of each Fund before investing. To obtain a prospectus containing this and other important information, call 866-909-9473 or visit wisdomtree.com. Read the prospectus carefully before investing.

These Funds are new and have a limited operating history.

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