WisdomTree AT1 CoCo Bond (Dist)

The WisdomTree AT1 CoCo Bond UCITS ETF - GBP Hedged (the “Fund”) seeks to track the performance, before fees and expenses of iBoxx Contingent Convertible Liquid Developed Europe AT1 Index (GBP Hedged) (the “Index”). Contingent convertible bonds (“CoCos”) are a form of hybrid debt security that are intended to either convert into equity or have their principal partially or completely written off or written off with the option of revaluation under certain circumstances.

CoCos, like subordinated bonds, serve to absorb the issuer’s capital losses before other higher-ranking liabilities..