WisdomTree Announces Revised Net Asset Value Information for the WisdomTree Floating Rate Treasury Fund (USFR)
WisdomTree (NYSE: WETF) announced a restatement of the net asset value (NAV) for the WisdomTree Floating Rate Treasury Fund (Ticker: USFR) due to a calculation error. The revised NAV as of March 24, 2022, is $50.2710, up from the original NAV of $49.6458, reflecting a change of $0.6252 or 1.26%. WisdomTree manages approximately $79.8 billion in assets. The firm specializes in various ETF products and emphasizes the risks associated with floating rate securities, including potential loss of principal and sensitivity to interest rate shifts.
- Revised NAV increased to $50.2710 from $49.6458, reflecting a positive change of 1.26%.
- WisdomTree has approximately $79.8 billion in assets under management.
- Restatement of NAV indicates previous miscalculation, which may raise concerns among investors about oversight.
NEW YORK, March 25, 2022 (GLOBE NEWSWIRE) -- WisdomTree (NYSE: WETF) today announced that the net asset value (“NAV”) for the WisdomTree Floating Rate Treasury Fund (Ticker: USFR) was restated as shown below. The NAV restatement is a result of an error in calculating the NAV for this ETF:
| Ticker | Fund Name | NAV Date | Revised NAV | Original NAV | NAV Change Amount | NAV Change Percentage | ||||
| USFR | WisdomTree Floating Rate Treasury Fund | 3/24/2022 | ||||||||
About WisdomTree
WisdomTree Investments, Inc. through its subsidiaries in the U.S. and Europe (collectively, “WisdomTree”), is an ETF and ETP sponsor and asset manager headquartered in New York. WisdomTree offers products covering equity, commodity, fixed income, leveraged and inverse, currency, cryptocurrency and alternative strategies. WisdomTree currently has approximately
WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.
There are risks associated with investing, including possible loss of principal. Securities with floating rates can be less sensitive to interest rate changes than securities with fixed interest rates, but may decline in value. The issuance of floating rate notes by the U.S. Treasury is new and the amount of supply will be limited. Fixed income securities will normally decline in value as interest rates rise. The value of an investment in the Fund may change quickly and without warning in response to issuer or counterparty defaults and changes in the credit ratings of the Fund’s portfolio investments. Due to the investment strategy of this Fund it may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. A prospectus, containing this and other information is available by calling 1-866-909-WISE (9473), or visit wisdomtree.com to view or download a prospectus. Investors should read the prospectus carefully before investing.
WisdomTree Funds are distributed by Foreside Fund Services, LLC, in the U.S. only. Foreside Fund Services, LLC is not affiliated with the other entities mentioned.
Contact Information:
Media Relations
WisdomTree Investments, Inc.
Jessica Zaloom
+1.917.267.3735
jzaloom@wisdomtree.com / wisdomtree@fullyvested.com
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