The WisdomTree Putwrite Strategy Fund (PUTW) is now the WisdomTree Equity Premium Income Fund (WTPI ). The change is mainly to the fund’s name and alerts investors immediately to the fact that its underlying strategy aims to provide them with income. Something that has become even more desirable in this year’s tumultuous markets.
The NYSE Arca still lists WTPI, which still has a net expense ratio of 0.44%. The fund continues to track the price and performance of the Volos U.S. Large Cap Target 2.5% PutWrite Index (VULPW25 Index).
WTPI’s strategy uses options to provide income and hedge against downturns by selling options bi-weekly on the SPDR S&P 500 ETF Trust (SPY ). The proceeds of these option sales and other collateral are invested in U.S. 3-Month Treasury Bills. WTPI targets a 2.5% premium.
See More: The S&P 500, Dow & Nasdaq Since 2000 Highs as of March 2025
WisdomTree Navigates Volatile Markets
In current volatile market environments, where many investors are concerned about downturns, they can capitalize on higher implied volatility and collect more premium. This can provide a stable income stream in times of uncertainty.
“Elevated market valuations have tempered expectations for outsized upside for the S&P 500 in 2025, especially with ongoing policy-related economic uncertainties. We believe WTPI provides an attractive strategy for this environment, particularly for income-seeking investors,” said WisdomTree Global Chief Investment Officer Jeremy Schwartz. “Our strategy is designed to provide consistent income by capitalizing on the volatility premium in the options market.”
PUTW’s Makeover
PUTW was formerly the CBOE S&P 500 PutWrite Strategy Fund and tracked the CBOE S&P 500 PutWrite Index.
Historically, PUTW performed better in low-volatility or flat markets over various market cycles. ETFs like WTPI offer a cushion to offset some of the potential losses if the market declines sharply. This makes it well-suited for the current environment.
WisdomTree currently lists roughly 80 ETFs in the U.S. with more than $80 billion in assets under management.
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