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Because the next generation of fixed income demands both.
A Disciplined Two-Category Allocation Framework
The strategy combines a conservative foundation with selected yield-enhancement exposures, including limited exposure to institutional-grade digital strategies.



Frequently asked questions
WELF Yield is an Exchange Traded Instrument listed on EUWAX under the iMaps ETI programme.
It is designed for eligible Professional Clients, Market Counterparties and/or eligible professional investors seeking exposure to a structured allocation framework combining a conservative fixed-income foundation with selected yield-enhancement opportunities.
WELF Yield is not directed at Retail Clients, EEA retail investors, U.S. Persons or any person in a jurisdiction where such communication would be unlawful.
- Retail investors in the European Economic Area (EEA)
- U.S. Persons, as defined under Regulation S of the U.S. Securities Act of 1933
- Any individual or entity that does not qualify as an eligible counterparty or professional client under MiFID II
This product is distributed via private placement only and is not intended for public distribution.
The strategy follows a two-category allocation:
Conservative Foundation — minimum 50%: Cash, term deposits, sovereign bonds, and government-backed bonds.
Yield Enhancement — up to 50%: Corporate bonds, private debt notes, and digital/DeFi strategies. Within this sleeve, exposure to digital strategies is capped at 50% (i.e. a maximum of 25% of the total portfolio).
Regular rebalancing ensures the portfolio stays aligned with these target allocations.
- Conservative Foundation: Minimum 50% in low-risk assets such as cash, term deposits, sovereign and government-backed bonds.
- Yield Enhancement: Up to 50% in corporate bonds and private debt notes, targeting enhanced returns without compromising stability.
WELF Yield offers intra-day liquidity through the Stuttgart Stock Exchange. You can buy or sell units during exchange trading hours via your existing brokerage relationship — there are no month-end redemption windows or advance-notice requirements.
The minimum investment amount and access requirements depend on the product documentation, the investor’s jurisdiction, brokerage arrangements and eligibility status.
Access to WELF Yield remains subject to onboarding, client classification, suitability assessment, AML/CFT checks and execution of the relevant documentation.
WELF Yield is issued through a segregated portfolio structure. The underlying assets are held in a segregated portfolio of Pecunia SPC — a wholly owned subsidiary of iMaps ETI AG — and pledged to Collateral Services PTC, a regulated private trust company and subsidiary of Intertrust Group, for the sole benefit of WELF Yield noteholders.
All investments carry risk, including the possible loss of invested capital. The yield-enhancement sleeve may include exposure to digital assets and DeFi protocols, which carry additional and heightened risks — including extreme price volatility, regulatory uncertainty, smart-contract and custody risks, and potential periods of limited liquidity.
Past performance is not a reliable indicator of future results.
Important Notice:
This page is directed exclusively at Professional Clients, Market Counterparties and/or eligible professional investors. It is not directed at Retail Clients, EEA retail investors, U.S. Persons, or any person in a jurisdiction where such communication would be unlawful. No other person should act upon the information contained on this page. WELF Yield is available by private placement only and is not intended for public distribution.
This page is provided for general information only and does not constitute investment advice, a personal recommendation, an offer, solicitation, invitation or inducement to enter into any transaction. Any investment decision must be made only on the basis of the applicable offering documents, termsheets, risk disclosures and other official product documentation, and only after appropriate professional advice has been obtained.
WELF Yield is issued under the iMaps ETI programme. iMaps ETI AG acts as issuer and programme investment manager. The segregated portfolio structure is provided through Pecunia SPC. WELF Holding L.L.C-FZ acts as Reference Portfolio Advisor / investment signal provider and commercial-strategy partner. WELF Holding L.L.C-FZ is not the issuer, custodian or formal investment manager of WELF Yield.
WELF Advisory Limited is a separate DIFC-incorporated entity regulated by the Dubai Financial Services Authority. Unless expressly agreed in separate client documentation, WELF Advisory Limited does not act as issuer, product manufacturer, custodian or programme investment manager of WELF Yield. Any advisory, arranging or discretionary management service provided by WELF Advisory Limited is subject to onboarding, client classification, suitability assessment, AML/CFT checks and separate contractual documentation.
Capital at risk. WELF Yield is not capital guaranteed. The value of an investment may go down as well as up, and investors may lose part or all of their invested capital. Past performance is not a reliable indicator of future results.