WisdomTree Broad Commodities Ex-Agriculture and Livestock
WisdomTree Broad Commodities Ex-Agriculture and Livestock is an exchange traded commodity ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC 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. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www.wisdomtree.com).
*Formerly ETFS Ex-Agriculture and Livestock
|Currency hedged||No – this product is not protected against adverse currency movements|
|Daily Change (17 Oct 2019)||0.35%|
|Price (NAV) (17 Oct 2019)||$9.67|
|Underlying Exposure||Diversified Broad Commodities|
|Replication method||Synthetic - fully funded collateralised swap|
|Legal form||Debt security|
|Key Service Providers|
|Trustee||The Law Debenture Trust Corporation p.l.c.|
|Issuer||WisdomTree Commodity Securities Limited|
|Collateral manager||The Bank of New York Mellon|
|Counterparty||Citigroup Global Markets Limited, Merrill Lynch International|
Listings & Codes
|Listings & Codes|
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.
† Source: Bloomberg, all data delayed at least 15 minutes.
Note: Volume is the number of securities traded on the relevant Exchange. Estimated value of securities traded (volume x Last price). For the purposes of showing the total turnover, we convert the turnover for each product from its trading currency into USD using a standard end-of-day benchmark exchange rate.
Bloomberg Commodity ex-Agriculture and Livestock Total Return Index
The Index is designed to reflect the movement in the price of the futures contracts (that are continuously rolled on a pre-determined rolling schedule) of the commodities used in the Bloomberg Commodity IndexSM, excuding commodities in the Agriculture and Livestock sectors. A futures contract is an agreement to purchase a commodity at an agreed price, with delivery and payment to take place at a specified point in the future. Futures contracts are generally disposed of just before the term of the contract expires and new contracts entered into in order to avoid taking actual delivery of the commodity in question (a process known as 'rolling'), so that continuous exposure to the commodity is maintained. The contracts being purchased may be more expensive than the contracts being sold which would cause an investor in commodity futures to make an additional loss. This market trend is known as 'contango'. Alternatively the contracts being purchased may be cheaper than the ones being sold which would result in an additional gain, known as 'backwardation'. This price difference is commonly referred to as "roll yield". As the roll yield is incorporated into the calculation of the value of the Index, it may therefore have a positive or negative impact on the value of the Index depending on whether there is contango or backwardation. The ETC will also be affected as its value is based upon the value of the Index.
|Index Name||Bloomberg Commodity ex-Agriculture and Livestock Total Return Index|
|Index Constituent Count||11|
|Index Type||Total Return|
|Reuters Index Ticker||.BCOMXALT|
|Security||17 Oct 2019|
|2. WTI Crude Oil||12.52%|
|3. Brent Crude Oil||11.91%|
|4. Copper (COMEX)||10.73%|
|5. Natural Gas||9.29%|
|10. Gas Oil||4.22%|
|11. Unleaded Gasoline||4.20%|
|12. Heating Oil||3.44%|
|No Data To Display|
|No Data To Display|
|Constituents Top 20||17 Oct 2019|
|1. JAPAN GOVERNMENT TWENTY 2.5 20MAR20||21.66%|
|2. REPUBLIC OF AUSTR 4.85 15MAR26 144A||11.24%|
|3. FRENCH REPUBLIC GOVERNM 3.5 25APR20||9.44%|
|4. JAPAN GOVERNMENT TWO YE 0.1 01JUN20||6.75%|
|5. FRENCH REPUBLIC GOVE 0.1 01MAR25 IL||4.94%|
|6. FRENCH REPUBLIC GOVERNM 0.0 25MAR25||4.73%|
|7. UNITED KINGDOM GILT 4.25 07DEC49||4.62%|
|8. FRANCE TREASURY BILL BT 0.0 12AUG20||4.55%|
|9. FRENCH REPUBLIC GOVERNM 1.0 25MAY27||4.33%|
|10. BUNDESOBLIGATION 0.0 18OCT24||3.69%|
|11. UNITED KINGDOM GILT 4.25 07DEC49||3.56%|
|12. FRENCH REPUBLIC GOVERN 3.25 25MAY45||3.19%|
|13. FRENCH REPUBLIC GOVERN 1.25 25MAY34||3.15%|
|14. UNITED KINGDOM GILT 3.5 22JUL68||2.48%|
|15. BUNDESOBLIGATION 0.0 05APR24||2.02%|
|16. BUNDESREPUBLIK DEUTSCHL 3.0 04JUL20||1.70%|
|17. UNITED KINGDOM GIL 0.125 22NOV65 IL||1.67%|
|18. REPUBLIC OF AUSTR 3.65 20APR22 144A||1.65%|
|19. REPUBLIC OF AUSTRI 3.9 15JUL20 144A||1.50%|
|20. UNITED KINGDOM GILT 0.75 22NOV47 IL||1.47%|
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.
Bloomberg® and the Bloomberg Commodity IndexesSM are service marks of Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”) and have been licensed for use by the Issuer. Although the securities issued by the Issuer are based on the Bloomberg Commodity IndexesSM, neither Bloomberg nor UBS Securities LLC and its affiliates (collectively “UBS”) are affiliated with the Issuer and Bloomberg and UBS do not approve, endorse, review, or recommend such securities. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to the Bloomberg Commodity IndexesSM and make no representation regarding the advisability of investing in such product(s).