WisdomTree restructures value fund into US quality income ETF

Dec 20th, 2017 | By | Category: Equities

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Wisdomtree has announced that the WisdomTree US LargeCap Value Fund (EZY US) has been restructured into the WisdomTree US Quality Shareholder Yield Fund (QSY US).

WisdomTree restructures value fund into US quality income ETF

QSY focuses on sustainability of income.

QSY is an actively managed factor-based ETF which focuses on US-listed companies offering attractive shareholder yield (dividends or buybacks) with a focus on sustainability of income payments. Both EZY and QSY targeted US large-cap equities, and WisdomTree maintains that QSY may “complement or replace traditional value-oriented investment strategies that focus exclusively on total shareholder yield”. However, the restructuring has changed the factor exposure of EZY, and the fund’s original investors should ensure that QSY is still a relevant fit for their portfolios.

The list of top sector exposures in QSY are common to many high-income funds – consumer discretionary tops the list with a weight of 24.0%, followed by information technology (17.5%), industrials (14.7%), financials (13.6%), and healthcare (11.9%). With 145 current portfolio constituents, the ETF is well diversified from idiosyncratic risk – Liberty Global is the largest holding with a weight of 1.8%.

QSY has a total expense ratio (TER) of 0.38%. Following the restructuring, the fund has assets under management (AUM) of $45 million. Its year-to-date performance is an impressive 22.2%, outperforming the S&P 500 Index which returned 20.2% over the same period.

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