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SI3S

ETFS 3x Daily Short Silver

ETFS 3x Daily Short Silver (SI3S) is designed to enable investors to gain a three times 'short' exposure to a total return investment in silver futures contracts by tracking the Bloomberg Silver Subindex (the "Index")  and providing a collateral yield. A daily short exposure means that the product is designed to reflect minus three times the daily percentage change in the Index level. For example, if the Index was to rise in value by 5% on a particular day, the product is designed to decrease in value by 15% on that day (minus fees and expenses). SI3S is an exchange traded commodity ("ETC"). It is not a UCITS product. Securities in this ETC are structured as debt securities and not as shares (equity) and can be created and redeemed on demand by authorised participants and are 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.
Fund Overview
Base Currency USD
Currency hedged No – this product is not protected against adverse currency movements
Daily Change (13 Nov 2018) 0.75%
ISIN JE00BYQY6502
Leverage Factor 3x
Physical delivery No
Price (NAV) (13 Nov 2018) $36.39
Underlying Exposure Silver
Net Asset Value 13 Nov 2018
NAV $36.39
Daily Change $0.27
Daily Return 0.75%
Total AUM of fund $1,824,579.52
Shares Outstanding 50,139
Structure
Domicile Jersey
Replication method Synthetic - fully funded collateralised swap
Legal form Debt security
Legal structure ETC
Legal Tax
ISA Eligible
CTF (UK) No
Sharia compliant No
SMSF eligible No – this product is not protected against adverse currency movements
Securities regulator Financial Conduct Authority (FCA UK)
SIPP Eligible
Key Service Providers
Trustee The Law Debenture Trust Corporation p.l.c.
Issuer ETFS 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 0.98%
Entry / Exit fees None when traded on Exchange
Passported Countries
Austria Austria
Belgium Belgium
Denmark Denmark
Finland
France
Germany
Ireland
Italy
Netherlands
Norway
Spain Spain
Sweden
United Kingdom

Listings & Codes

Listings & Codes

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. Historical performance is not an indication of future performance and any investments may go down in value.
Index Details

Bloomberg Silver Subindex Total Return

 

The Index is designed to reflect the movement in the price of the silver futures contracts used in the Bloomberg Commodity IndexSM that are continuously rolled on a pre-determined rolling schedule. Each trading day the ETC will reflect 3 times the movement of the Index relative to the previous day's close (excluding fees and expenses) in the inverse (opposite) direction. Therefore any losses will be magnified in comparison to an increase in the value of the Index. Short ETCs are only intended for investors who understand the risks involved in investing in an ETC with short exposure and who intend to invest on a short-term basis. Any investment in a short ETC should be monitored on a daily basis to ensure consistency with your investment strategy. Please refer to the section entitled "Risk Factors" in the relevant prospectus for further details of these and other risks associated with an investment in short ETCs. You should consult an independent investment adviser prior to making an investment in a short ETC in order to determine its suitability to your circumstances.

 

Index Details

Index Details
Index Name Bloomberg Silver Subindex Total Return
Index Provider Bloomberg
Index Constituent Count 1
Index Type Total Return
Currency USD
Bloomberg Ticker BCOMSITR
Reuters Index Ticker .BCOMSITR
Index Website http://www.bloombergindexes.com/
Security 13 Nov 2018
1. Bloomberg Silver Subindex Total Return 100.00%

Collateral Details

Currency (weighting) 13 Nov 2018
1. Euro 42.47%
2. Yen 26.28%
3. Australian Dollar 20.05%
4. Pound Sterling 9.23%
5. US Dollar 1.22%
Country (weighting) 13 Nov 2018
1. FRANCE 32.60%
2. JAPAN 26.28%
3. AUSTRALIA 20.05%
4. UNITED KINGDOM 9.23%
5. GERMANY 8.35%
6. AUSTRIA 1.51%
7. UNITED STATES 1.22%
Constituents Top 20 13 Nov 2018
1. AUSTRALIA GOVERNMENT B 3.25 21APR25 11.08%
2. JAPAN GOVERNMENT TWO YE 0.1 15AUG19 9.90%
3. FRENCH REPUBLIC GOVE 0.1 01MAR25 IL 9.51%
4. JAPAN GOVERNMENT TWO YE 0.1 15DEC19 8.72%
5. JAPAN GOVERNMENT FIVE Y 0.2 20SEP19 8.43%
6. FRANCE TREASURY BILL BT 0.0 27FEB19 8.00%
7. AUSTRALIA GOVERNMENT B 4.25 21APR26 5.73%
8. FRENCH REPUBLIC GOVERNM 0.0 25MAR23 4.12%
9. BUNDESSCHATZANWEISUNGEN 0.0 15MAR19 3.35%
10. UNITED KINGDOM GILT 4.25 07DEC49 3.13%
11. UNITED KINGDOM GILT 4.25 07DEC49 2.88%
12. FRENCH REPUBLIC 0.1 25JUL36 144A IL 2.61%
13. FRENCH REPUBLIC GOVERN 3.75 25OCT19 2.26%
14. FRENCH REPUBLIC 0.7 25JUL30 144A IL 2.20%
15. AUSTRALIA GOVERNMENT BO 4.5 21APR33 2.17%
16. UNITED KINGDOM GILT 3.5 22JUL68 2.14%
17. BUNDESSCHATZANWEISUNGEN 0.0 14DEC18 2.11%
18. BUNDESSCHATZANWEISUNGEN 0.0 14JUN19 1.61%
19. REPUBLIC OF AUSTR 3.65 20APR22 144A 1.49%
20. UNITED STATES TREAS NTS 1.5 15AUG26 1.22%

Factsheets and Reports


Product


Prospectus


KID


Other Documents


Regulatory


Collateral


Prospectus Summary Translation

DISCLAIMERS

 

This financial promotion has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by WisdomTree UK Limited (“WTUK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority. Any performance data displayed on this site is denominated in the trading currency (unless stated otherwise) and does not reflect movements in the exchange rate between the trading currency and any other currency. Adverse exchange rates can significantly affect the value of your investment if your investment is not denominated in the trading currency. Exchange rate risk should always be considered when analysing performance denominated in another currency. Any benchmark performance information does not illustrate the effect of fees and expenses. This information is historical information. Past performance is not a reliable indicator of future results. Certain information may have been prepared by persons other than WTUK or its affiliates. WTUK (and its directors, employees, officers, agents and affiliates) is not responsible in any way for the content of any such information. Investments may go up or down in value and you may lose some or all of the amount invested. Past performance is not a reliable indicator of future performance. You should consult an independent investment adviser prior to making any investment in order to determine its suitability to your circumstances. Any decision to invest should be based on the information contained in the prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment. None of the index providers referred to herein nor their licensors make any warranty or representation whatsoever either as to the results obtained from use of the relevant indices and/or the figures at which such indices stand at any particular day or otherwise. None of the index providers shall be liable to any person for any errors or significant delays in the relevant indices nor shall be under any obligation to advise any person of any error or significant delay therein. Securities or shares referred to on this page are not obligations of or guaranteed by any of the counterparties referred to herein or any of their affiliates. Each of the counterparties disclaims all and any liability whether arising in tort, contract or otherwise which it might have in respect of this document or its contents otherwise arising in connection herewith.