Betashares Managed Risk Global Share Fund (Managed Fund) (WRLD)

Overview

World Acceptance Corporation is a prominent entity in the consumer finance sector, primarily serving individuals who have limited access to traditional forms of consumer credit like banks, credit unions, and credit card lenders. Established in 1962 and headquartered in Greenville, South Carolina, World Acceptance Corporation conducts its operations through its various subsidiaries. The company specializes in providing small to medium-term installment loans, along with related credit insurance and ancillary products and services. As of March 31, 2022, the corporation boasts a widespread presence with 1,167 branches across multiple states, including Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Wisconsin, underscoring its expansive operational footprint in the consumer finance industry.

Products and Services

• Short-term and Medium-term Installment Loans:

These are the core offerings of World Acceptance Corporation, designed to cater to the immediate financial needs of their clientele. The short-term small installment loans are aimed at covering urgent financial requirements, while medium-term larger installment loans are available for more substantial financial needs. This flexibility allows clients to choose a loan product that best suits their situation and repayment capability.

• Related Credit Insurance:

Accompanying its loan products, World Acceptance Corporation provides credit insurance. This includes a range of options such as credit life, credit accident and health, and credit property insurance, which are meant to protect borrowers in the event of unforeseen circumstances that could affect their ability to repay the loan. These insurance products offer an additional layer of financial security for both the lender and the borrower.

• Ancillary Products and Services:

Apart from its core financial offerings, World Acceptance Corporation goes further to meet its clients’ needs by offering ancillary services such as income tax return preparation and electronic filing. This not only adds convenience but also captures a broader aspect of financial services, making it a one-stop-shop for certain financial and administrative tasks for their customers.

• Automobile Club Memberships:

To its borrowers, the company provides memberships to automobile clubs, adding value to its loan products by incorporating services that offer assistance and benefits relevant to car owners. This service can be seen as both a reward and an incentive for clients choosing World Acceptance Corporation over other finance options.

• Income Tax Return Preparation and Electronic Filing Services:

With a view to further assisting its clients in managing their finances, World Acceptance Corporation offers tax-related services. These services simplify the often complicated process of tax return preparation and electronic filing, facilitating a smoother and more efficient experience for customers, which is particularly beneficial during the tax season.

• Additional Insurance Products:

In conjunction with loans, World Acceptance Corporation markets and sells additional insurance products including unemployment, accidental death and dismemberment insurance. These offerings are indicative of the company’s commitment to providing comprehensive financial solutions and support to its customers, especially catering to those who may be in vulnerable employment situations or seeking additional peace of mind.