Latest news with #alternativeincome
Yahoo
5 days ago
- Business
- Yahoo
WisdomTree Announces Private Credit and Alternative Income Fund (HYIN)
HYIN continues to provide investors transparent, liquid access to growing private credit market NEW YORK, July 18, 2025--(BUSINESS WIRE)--WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced the name change of the WisdomTree Alternative Income Fund to the WisdomTree Private Credit and Alternative Income Fund (HYIN or "the Fund"). The Fund remains listed on the CBOE and has a total expense ratio of 4.32%. HYIN seeks to track the price and yield performance, before fees and expenses, of the Gapstow Private Credit and Alternative Income Index (GLACI)1. Since its launch in 2021, the Fund has provided investors with diversified exposure to alternative credit sectors, including business development companies, real estate investment trusts, and closed-end funds. The updated Fund name reflects WisdomTree's sharpened focus on private credit—a rapidly expanding asset class valued for its attractive income potential and portfolio diversification benefits. HYIN delivers diversified access to private credit through a transparent, liquid ETF structure, making this traditionally hard-to-access market available to individual investors. By combining daily liquidity and transparency with attractive income potential, HYIN offers a compelling solution for investors seeking alternative sources of yield, including private credit. "Although we're changing the name of our fund, our belief that individual investors deserve access to the traditionally institutional private credit market remains the same," said Jeremy Schwartz, Global Chief Investment Officer at WisdomTree. "By combining the high-income potential of private credit with the transparency and daily liquidity of an ETF, HYIN offers a compelling solution for those seeking alternative sources of yield in today's evolving market – and we're glad to offer this access to individual investors via our ETF for four years and counting." 1 Gapstow Liquid Alternative Credit Index (GLACI): An equal-weighted index that tracks the performance of 35 "Publicly Traded Alternative Credit Vehicles" (PACs) using an objective, rules-based methodology Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. To obtain a prospectus containing this and other important information, call 866.909.9473 or visit Read the prospectus carefully before you invest. There are risks associated with investing, including possible loss of principal. The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. Higher yielding securities, sometimes referred to as junk bonds, may present additional risk because these securities may be less liquid and present more credit risk than investment grade bonds. The Fund invests in alternative credit sectors through investments in underlying closed-end investment companies ("CEFs"), including those that have elected to be regulated as business development companies ("BDCs"), and real estate investment trusts ("REITs"). The value of a CEF can decrease due to movements in the overall financial markets. BDCs generally invest in less mature private companies, which involve greater risk than well-established, publicly traded companies, and BDCs are subject to high failure rates among the companies in which they invest. By investing in REITs, the Fund is exposed to the risks of owning real estate, such as decreases in real estate values, overbuilding, increased competition and other risks related to local or general economic conditions. The Fund invests in the securities included in, or representative of, its Index regardless of their investment merit and the Fund does not attempt to outperform its Index or take defensive positions in declining markets. Please read the Fund's prospectus for specific details regarding the Fund's risk profile. Statements concerning financial market trends are based on current market conditions, which will fluctuate. 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. Jeremy Schwartz is a registered representative of Foreside Fund Services, LLC. About WisdomTree WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, as well as digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access, transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our blockchain-native digital wallet, WisdomTree Prime® and institutional platform, WisdomTree Connect™.* * The WisdomTree Prime digital wallet and digital asset services and WisdomTree Connect institutional platform are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, in select U.S. jurisdictions and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit the WisdomTree Prime mobile app or for more information. WisdomTree currently has approximately $127.6 billion in assets under management globally. For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: Please visit us on X at @WisdomTreeNews. WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide. PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME: NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY The products and services available through the WisdomTree Prime app and WisdomTree Connect are not endorsed, indemnified or guaranteed by any regulatory agency. View source version on Contacts Media RelationsWisdomTree, Zaloom+1.917.267.3735jzaloom@ Natasha Ramsammy+1.917.267.3798nramsammy@ / wisdomtree@
Yahoo
16-06-2025
- Business
- Yahoo
Equifax Introduces Complete Income™ for Social Services
New Solution Designed to Help Government Agencies More Efficiently Verify Income for Today's Workforce, Including Applicants with Alternative Income Sources ATLANTA, June 16, 2025 /PRNewswire/ -- Equifax® (NYSE:EFX) today announced Complete Income™, a new solution powered by the Equifax Cloud™ that helps U.S. federal, state and local government agencies more efficiently process applications for social service benefits across programs including Medicaid, the Supplemental Nutrition Assistance Program (SNAP) and more with information on alternative income sources. Available in August 2025, through a single workflow, Complete Income delivers automated income verifications to caseworkers through two structured, easy-to-understand outputs. Instant Social Service Verification Reports from The Work Number® database include W-2 payroll information from more than 4.4 million employers, and the new Income and Expense Connect Solution incorporates consumer-credentialed bank deposit data covering 92% of U.S. financial institutions and self-reported income and expenses. This data may include unearned income such as pension, child support and more. "Market research has shown the increasing complexity of the modern U.S. workforce, including the addition of nearly 35 million independent workers over the past four years, which has created significant challenges for government agencies in verifying income for social service program eligibility," said Mike Bromley, Senior Vice President and General Manager, Government Solutions, Equifax. "Agency leaders tell us their top challenge in gig income verification is the difficulty of verifying self-employment income and its associated expenses from multiple platforms or jobs. With Complete Income, we're helping them solve this problem by offering a more comprehensive, efficient and secure solution that can provide a more holistic view of an individual's income and expenses, enabling agencies to make better-informed eligibility determinations and more efficiently serve vulnerable populations." When someone applies for social service benefits under programs such as Medicaid or SNAP, the agency must verify the applicant's income. While traditional payroll records meet the need for many applicants, income verification for self-employed individuals can present unique challenges that can impact the timeliness of benefits decisions. For example, caseworkers are called upon to help self-employed workers sort through and reconcile stacks of receipts indicating income as well as expenses in order to help determine eligibility. This type of manual process can be time consuming, inefficient and prone to errors. With Complete Income, a caseworker places an order through the same Equifax Verification Insights Portal used each day by thousands of credentialed verifiers, including numerous caseworkers. This order generates a text or email request that directs the applicant to the secure Equifax portal, which then guides the applicant through an intuitive process for providing bank deposit income as well as self-reported income and expenses. The caseworker receives the Social Service Verification report with W-2 payroll data instantly from The Work Number database and is then alerted when the Income and Expense Connect Solution with the alternative income and self-reported income and expenses are submitted by the applicant, providing a more holistic view of the applicant's income. "Complete Income delivers a more streamlined experience for agencies, caseworkers and applicants alike," added Bromley. "Agencies can serve their constituents more efficiently and with greater confidence. Caseworkers can spend less time on tedious, manual tasks, and more time supporting the people they serve. And applicants can complete the process more easily and receive faster benefits decisions." Complete Income provides credentialed verifiers with consumer reports under the Fair Credit Reporting Act (FCRA). These reports include clear income organization covering traditional income as well as available alternative income information categorized by wages and salary, unearned income, other income and expenses. For more information about Complete Income, please click here. ABOUT EQUIFAX Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit FOR MORE INFORMATION: Dan Jenkins for Equifax Workforce Solutionsmediainquiries@ View original content to download multimedia: SOURCE Equifax Inc.
