WCCA / WCCP
WisdomTree California Carbon
Why Invest?
- Gain exposure to the performance of Carbon.
- UCITS eligible and fully collateralised.
- Transparent performance and fees.
- Easy to invest: Everything in one product which does not require the investor to manage storage, insurance or delivery of Carbon.
- Risk Management: You cannot lose more than the amount invested.
- Liquidity: Trades on exchange, with multiple authorised participants (APs) and market makers (MMs).
Potential Risks
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The value of securities in this ETP is directly affected by increases and decreases in the value of the Index. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the performance of the Index.
- Counterparty risk: The Issuer is reliant on there being swap counterparties available to enter into swap agreements on a continuing basis and, if no swap counterparties are willing to do so, the ETP will not be able to achieve its investment policy of tracking the performance of the Index.
- Credit Risk: The Issuer is subject to the risk that third party service providers may fail to return property or collateral belonging to the Issuer or pay money due to the issuer. The ETP is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The collateral is held in segregated accounts at The Bank of New York Mellon. In the event a swap counterparty defaults, the proceeds from realisation of the collateral may be less than what the investor expects. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www. Wisdomtree. Com).
- The performance of commodity indices may differ significantly from spot commodity prices, which are often quoted in the financial press, as the spot in itself is not investable. An investment in commodities may experience high volatility and should be considered as a longer term investment.
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Overview
Fund Overview | |
---|---|
Base Currency | USD |
Currency hedged | No – this product is not protected against adverse currency movements |
Index Bloomberg Ticker | SOLCCATR |
Index Name | Solactive California Carbon Rolling Futures ER Index |
ISIN | JE00BNG8LN89 |
Leverage Factor | N/A |
Physical delivery | No |
Underlying Exposure | Carbon |
Structure | |
---|---|
Domicile | Jersey |
Replication method | Synthetic - fully funded swap |
Legal form | Debt security |
Legal structure | ETC |
Further Legal and Tax Information | |
---|---|
ISA | Eligible |
SIPP | Eligible |
Securities regulator | Financial Conduct Authority (FCA UK) |
UCITS Eligible | Eligible |
UK Reporting Status | Yes |
Key Service Providers | |
---|---|
Trustee | The Law Debenture Trust Corporation p.l.c. |
Issuer | WisdomTree Commodity Securities Limited |
Registrar | Computershare Investor Services (Jersey) Ltd |
Collateral manager | The Bank of New York Mellon |
Counterparty | Citigroup Global Markets Limited, Merrill Lynch International |
Fees | |
---|---|
MER | 0.49% |
Entry / Exit fees | None when traded on Exchange |
Annual Swap Rate | 0.45% |
Listings & Codes
Listings & Codes | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||||||||||||
|
||||||||||||||||||||||
|
||||||||||||||||||||||
|
Performance
Benchmark | |
---|---|
Month-To-Date (mtd) | 1.06% |
Year-To-Date (ytd) | -5.15% |
1 Year | 22.23% |
Product | |
---|---|
Month-To-Date (mtd) | 1.03% |
Year-To-Date (ytd) | -5.58% |
1 Year | 20.83% |
Index
Solactive California Carbon Rolling Futures TR Index
Solactive California Carbon Rolling Futures TR Index is designed to reflect the movement in the price of the California Carbon Allowance futures contract. The index measures total return performance based on the futures price performance, the roll return, and the return of cash collateral such as United States Secured Overnight Financing Rate (SOFR).
Index Details | |
---|---|
Index Name | Solactive California Carbon Rolling Futures TR Index |
Index Provider | Solactive |
Index Constituent Count | 1 |
Currency | USD |
Bloomberg Ticker | SOLCCATR |
Reuters Index Ticker | n.a. |
Index Website |
Security | 14 May 2024 |
---|---|
1. Solactive California Carbon Rolling Futures TR Index | 100.00% |
Collateral Details
Country (weighting) | 14 May 2024 |
---|---|
1. UNITED STATES | 38.36% |
2. GERMANY | 26.04% |
3. NETHERLANDS | 14.79% |
4. AUSTRIA | 11.46% |
5. FINLAND | 9.35% |
Currency (weighting) | 14 May 2024 |
---|---|
1. Euro | 61.64% |
2. US Dollar | 38.36% |
Documents and Links |
---|
Constituents Top 20 | 14 May 2024 |
---|---|
1. 0 1/2 NOTE V 26 | 8.82% |
2. 3 3/4 NOTE L 30 | 8.01% |
3. 3 1/4 NOTE AA 27 | 5.43% |
4. 1 1/2 NOTE AK 25 | 5.20% |
5. REPUBLIC OF AUSTRI 0.0 20FEB31 144A | 4.75% |
6. DEUTSCHE BUNDESREPUB 0.5 15APR30 IL | 4.74% |
7. BUNDESREPUBLIK DEUTSCHL 2.2 15FEB34 | 4.74% |
8. NETHERLANDS GOVERN 2.5 15JUL34 144A | 4.59% |
9. 1 7/8 NOTE V 27 | 4.30% |
10. NETHERLANDS GOVERN 0.0 15JUL31 144A | 4.01% |
11. 2 NOTE B 25 | 3.63% |
12. NETHERLANDS GOVERN 2.5 15JAN30 144A | 3.36% |
13. BUNDESREPUBLIK DEUTSCHL 2.6 15AUG33 | 2.88% |
14. BUNDESREPUBLIK DEUTSCH 4.75 04JUL40 | 2.75% |
15. NETHERLANDS GOVERN 0.0 15JAN38 144A | 2.75% |
16. REPUBLIC OF AUSTRI 0.9 20FEB32 144A | 2.25% |
17. FINLAND GOVERNME 1.375 15APR27 144A | 2.20% |
18. 0 1/4 NOTE AB 25 | 2.06% |
19. BUNDESREPUBLIK DEUTSCHL 6.5 04JUL27 | 1.98% |
20. BUNDESOBLIGATION 2.4 19OCT28 | 1.95% |
21. FINLAND GOVERNMENT 1.5 15SEP32 144A | 1.72% |
22. FINLAND GOVERNMENT 0.5 15SEP28 144A | 1.51% |
23. BUNDESREPUBLIK DEUTSCHL 1.0 15AUG25 | 1.31% |
24. REPUBLIC OF AUSTRI 0.0 20FEB30 144A | 1.10% |
25. BUNDESREPUBLIK DEUTSCH 4.25 04JUL39 | 0.99% |
Documents
Historical Data
The products discussed in this document are issued by WisdomTree Commodity Securities Limited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.
Securities issued by the Issuer are direct, limited recourse obligations of the relevant Issuer alone and are not obligations of or guaranteed by Citigroup Global Markets Limited (“CGML”), Citigroup Global Markets Holdings Inc. (“CGMH”), Merrill Lynch International ("MLI"), Bank of America Corporation ("BAC") or any of their affiliates. Each of CGML, CGMH, MLI and BAC disclaim all and any liability whether arising in tort, contract or otherwise which they might have in respect of this document or its contents otherwise arising in connection herewith.
Solactive AG ("Solactive") is the licensor of the Solactive California Carbon Rolling Futures ER Index (the "Index"). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive reserves the right to change the methods of calculation or publication with respect to the Index. Solactive shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of the Index.