3TYS
WisdomTree US Treasuries 10Y 3x Daily Short
WisdomTree US Treasuries 10Y 3x Daily Short is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP provides three times the inverse daily performance of the US Treasury Note 10Y Rolling Future index, which tracks front-month 10-Yr US Treasury Note futures, plus the interest revenue earned on the collateralised amount. 10-Yr US Treasury Note futures are traded on CBOT and deliver US government bonds with 6.5-10 years to maturity.
For example, if the index rises by 1% over a day, then the ETP will fall by 3%, and if the index falls by 1% over a day, then the ETP will rise by 3%, excluding fees and interest revenue.
For example, if the index rises by 1% over a day, then the ETP will fall by 3%, and if the index falls by 1% over a day, then the ETP will rise by 3%, excluding fees and interest revenue.
*Formerly Boost US Treasuries 10Y 3x Short Daily ETP
ETP RISK WARNING
Short and/or leveraged exchange traded products (ETPs) are only intended for investors who understand the associated risks. The short and/or leveraged products involve numerous risks including general market risks relating to the relevant underlying index, credit risks on the provider of index swaps utilised in the ETPs, exchange rate and interest risks, and for our Delta One products, swap counterparty risk. You should consult an investment adviser who can help determine whether or not the products are suitable for you.
The price of any Shares or the value of an investment in ETPs may go up or down and an investor may not get back the amount invested. Past performance is not a reliable indicator of future performance. This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any financial instrument or product or to adopt any investment strategy.
INFORMATION AND RESEARCH
Fund Overview
| Fund Overview | |
|---|---|
| Base/Trading Currency | USD/GBP |
| Bloomberg Ticker | 3TYS LN |
| Daily Change (03 Apr 2020) | 0.43% |
| Index Bloomberg Ticker | BNSXFTYU |
| Index Name | US Treasury Note 10Y Rolling Future Index |
| ISIN | IE00BKS8QT65 |
| Leverage Factor | -3x |
| Price (NAV) (03 Apr 2020) | £45.72 |
Net Asset Value
Structure
| Structure | |
|---|---|
| Physical Assets | Yes (Collateral) |
| Structure | ETP |
| Domicile | Ireland |
| Replication Method | Fully Collaterised Swap |
Further Legal and Tax Information
| Further Legal and Tax Information | |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| UCITS Eligible | Eligible |
| UK Fund Reporting Status | Yes |
| Registered Countries | Germany, Ireland, Italy, Norway, United Kingdom |
Key Service Providers
| Key Service Providers | |
|---|---|
| Issuers | WisdomTree Multi Asset Issuer PLC |
| Administrator | Link Asset Services |
| Custodian | Bank of New York Mellon |
| Trustee | Law Debenture Trust |
| Auditor | Ernst & Young |
| Swap Provider | BNP Paribas Arbitrage SNC |
| Market Makers | Market Makers |
| Authorised Participants | APs |
Fees
| Fees | |
|---|---|
| Annual Management Fee Rate | 0.30% |
| Daily Swap Rate | 0.00247% |
Passported Countries
| Passported Countries |
|---|
 Austria |
 Germany |
 Ireland |
 Italy |
 Norway |
 United Kingdom |
Listings & Codes
Listings & Codes
| Listings & Codes | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||||||||||||
|
||||||||||||||||||||||
|
||||||||||||||||||||||
|
||||||||||||||||||||||
|
Performance
Performance i 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.
Performance is total return based on the growth of a hypothetical 10K based unit value net of fees using daily NAV with dividend reinvestment on ex_date. Historical performance is not an indication of future performance and any investments may go down in value.
| Index Details |
|---|
US Treasury Note 10Y Rolling Future Index
The US Treasury Note 10Y Rolling Future Index replicates the performance of a long position in front-month 10-Year US Treasury Note futures contracts. 10-Year US Treasury Note futures are traded on CBOT and deliver US government bonds with 6.5-10 years to maturity.
Front-month contracts are the futures contracts with the closest expiry date. Every quarter, before the expiry of the current front-month contract, the index rolls to the next front-month contract.
Index Details
| Index Details | |
|---|---|
| Index Name | US Treasury Note 10Y Rolling Future Index |
| Currency | USD |
| Index Provider | BNP Paribas |
| Bloomberg Ticker | BNSXFTYU |
| Reuters Index Ticker | .BNSXFTYU |
| Leverage Method | No Leverage |
| Documents and Links |
|---|
Collateral Details
Collateral Details
| Collateral Details | 03 Apr 2020 |
|---|---|
| Collateral Coverage Ratio | 105.0 % |
| Collateralised | Yes |
| Over Collateralised | Yes |
| Custodian | Bank of New York Mellon |
Documents
Documents
Historical Data
Historical Data
WisdomTree Multi Asset Issuer PLC (the “Issuer”) issues products under a Prospectus (“WTMA Prospectus”) approved by the Central Bank of Ireland, drawn up in accordance with the Directive 2003/71/EC. The WTMA Prospectus has been passported to various European jurisdictions including the UK, Italy and Germany and is available on this document.
WisdomTree Multi Asset Issuer PLC Exchange Traded Products (“ETPs”) are suitable for financially sophisticated investors who wish to take a short-term view on the underlying indices and can understand the risks of investing in products offering daily leveraged or daily short exposures.
ETPs offering daily leveraged or daily short exposures (“Leveraged ETPs”) are products which feature specific risks that prospective investors should understand before investing in them. Higher volatility of the underlying indices and holding periods longer than a day may have an adverse impact on the performance of Leveraged ETPs. As such, Leveraged ETPs are intended for financially sophisticated investors who wish to take a short-term view on the underlying indices and understand such risks. As a consequence, WisdomTree is not promoting or marketing WisdomTree Multi Asset Issuer PLC ETPs to retail clients. Investors should refer to the section entitled "Risk Factors" and “Economic Overview of the ETP Securities” in the WTMA Prospectus for further details of these and other risks associated with an investment in Leveraged ETPs and consult their financial advisors as needed. Neither WisdomTree, nor the Issuer has assessed the suitability of any Leveraged ETPs for investors other than the relevant Authorised Participants.
The US Treasury Note 10Y Rolling Future Index (the “Index”) is the exclusive property of BNP Paribas (the “Index Sponsor”). The Index Sponsor does not guarantee the accuracy and/or completeness of the composition, calculation, publication and adjustment of the Index, any data included therein, or any data on which it is based, and the Index Sponsor shall have no liability for any errors, omissions, or interruptions therein. The Index Sponsor makes no warranty, express or implied, as to results to be obtained from the use of the Index. The Index Sponsor makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall the Index Sponsor have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages and their liability shall not be greater than the fees paid for the Index. For the avoidance of doubt the Index and/or any transaction linked to the Index (each a “Transaction”) is not sponsored, endorsed, sold, or promoted by any provider of the underlying data (the "Reference Assets") comprised in the Index (each a “Reference Asset Sponsor”) and no Reference Asset Sponsor makes any representation whatsoever, whether express or implied, either as to the results to be obtained from the use of the relevant Reference Asset or the index and/or the levels at which the relevant Reference Asset or the Index stands at any particular time on any particular date or otherwise. No Reference Asset Sponsor shall be liable (whether in negligence or otherwise) to any person for any error in a Reference Asset and/or in the Index and a Reference Asset Sponsor is under no obligation to advise any person of any error therein. No Reference Asset Sponsor is making any representation whatsoever, whether express or implied, as to the advisability of purchasing or assuming any risk in connection with entering into any Transaction. No Reference Asset Sponsor shall have any liability for any act or failure to act by the Index Sponsor in connection with the calculation, adjustment or maintenance of the Index. None of the Reference Asset Sponsors or their affiliates have any affiliation with or control over the Index or the Index Sponsor or any control over the computation, composition or dissemination of the Index.
WisdomTree Multi Asset Issuer PLC Exchange Traded Products (“ETPs”) are suitable for financially sophisticated investors who wish to take a short-term view on the underlying indices and can understand the risks of investing in products offering daily leveraged or daily short exposures.
ETPs offering daily leveraged or daily short exposures (“Leveraged ETPs”) are products which feature specific risks that prospective investors should understand before investing in them. Higher volatility of the underlying indices and holding periods longer than a day may have an adverse impact on the performance of Leveraged ETPs. As such, Leveraged ETPs are intended for financially sophisticated investors who wish to take a short-term view on the underlying indices and understand such risks. As a consequence, WisdomTree is not promoting or marketing WisdomTree Multi Asset Issuer PLC ETPs to retail clients. Investors should refer to the section entitled "Risk Factors" and “Economic Overview of the ETP Securities” in the WTMA Prospectus for further details of these and other risks associated with an investment in Leveraged ETPs and consult their financial advisors as needed. Neither WisdomTree, nor the Issuer has assessed the suitability of any Leveraged ETPs for investors other than the relevant Authorised Participants.
The US Treasury Note 10Y Rolling Future Index (the “Index”) is the exclusive property of BNP Paribas (the “Index Sponsor”). The Index Sponsor does not guarantee the accuracy and/or completeness of the composition, calculation, publication and adjustment of the Index, any data included therein, or any data on which it is based, and the Index Sponsor shall have no liability for any errors, omissions, or interruptions therein. The Index Sponsor makes no warranty, express or implied, as to results to be obtained from the use of the Index. The Index Sponsor makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall the Index Sponsor have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages and their liability shall not be greater than the fees paid for the Index. For the avoidance of doubt the Index and/or any transaction linked to the Index (each a “Transaction”) is not sponsored, endorsed, sold, or promoted by any provider of the underlying data (the "Reference Assets") comprised in the Index (each a “Reference Asset Sponsor”) and no Reference Asset Sponsor makes any representation whatsoever, whether express or implied, either as to the results to be obtained from the use of the relevant Reference Asset or the index and/or the levels at which the relevant Reference Asset or the Index stands at any particular time on any particular date or otherwise. No Reference Asset Sponsor shall be liable (whether in negligence or otherwise) to any person for any error in a Reference Asset and/or in the Index and a Reference Asset Sponsor is under no obligation to advise any person of any error therein. No Reference Asset Sponsor is making any representation whatsoever, whether express or implied, as to the advisability of purchasing or assuming any risk in connection with entering into any Transaction. No Reference Asset Sponsor shall have any liability for any act or failure to act by the Index Sponsor in connection with the calculation, adjustment or maintenance of the Index. None of the Reference Asset Sponsors or their affiliates have any affiliation with or control over the Index or the Index Sponsor or any control over the computation, composition or dissemination of the Index.