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EXEF

ETFS Longer Dated Ex-Energy

ETFS Longer Dated Ex-Energy (EXEF) is designed to enable investors to gain an exposure to a total return investment in commodities (excluding commodities in the energy sector) futures contracts by tracking the Bloomberg ExEnergy Subindex 3 Month Forward (the "Index") and providing a collateral yield.

EXEF 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.
Fund Overview
Base Currency USD
Currency hedged No – this product is not protected against adverse currency movements
Daily Change (12 Dec 2018) 0.26%
ISIN JE00B24DMG86
Leverage Factor N/A
Physical delivery No
Price (NAV) (12 Dec 2018) $14.20
Underlying Exposure Diversified Broad Commodities ex Energy
Net Asset Value 12 Dec 2018
NAV $14.20
Daily Change $0.04
Daily Return 0.26%
Total AUM of fund $107,426.62
Shares Outstanding 7,566
Structure
Domicile Jersey
Replication method Synthetic - fully funded collateralised swap
Legal form Debt security
Legal structure ETC
Legal Tax
ISA Eligible
Sharia compliant No
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 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 0.49%
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.

Live Prices

Live Prices
Index Details

Bloomberg ExEnergy Subindex 3 Month Forward Total Return

 

The Index is designed to reflect the movement in the price of the commodities (excluding commodities in the energy sector) futures contracts used in the Bloomberg Commodity IndexSM that are dated for delivery 3 months further in the future and are continuously rolled. 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 Details

Index Details
Index Name Bloomberg ExEnergy Subindex 3 Month Forward Total Return
Index Provider Bloomberg
Index Constituent Count 17
Index Type Total Return
Currency USD
Bloomberg Ticker BCOMXE3T
Reuters Index Ticker .BCOMXE3T
Index Website http://www.bloombergindexes.com/
Security 11 Dec 2018
1. Gold 17.45%
2. Copper (COMEX) 9.64%
3. Corn 9.56%
4. Soybeans 8.76%
5. Live Cattle 6.92%
6. Aluminium 6.39%
7. Wheat 5.32%
8. Soybean Meal 4.91%
9. Silver 4.73%
10. Sugar 4.50%
11. Nickel 3.92%
12. Zinc 3.79%
13. Soybean Oil 3.55%
14. Coffee 3.19%
15. Lean Hogs 2.85%
16. Cotton 2.49%
17. Kansas Wheat 2.02%

Collateral Details

Currency (weighting) 11 Dec 2018
1. Euro 38.98%
2. Yen 27.37%
3. Australian Dollar 18.66%
4. Pound Sterling 13.45%
5. US Dollar 1.54%
Country (weighting) 11 Dec 2018
1. JAPAN 27.37%
2. FRANCE 24.49%
3. AUSTRALIA 18.66%
4. UNITED KINGDOM 13.45%
5. GERMANY 12.69%
6. AUSTRIA 1.80%
7. UNITED STATES 1.54%
Constituents Top 20 11 Dec 2018
1. JAPAN GOVERNMENT TWO YE 0.1 15DEC19 10.92%
2. JAPAN GOVERNMENT TWO YE 0.1 15AUG19 9.29%
3. AUSTRALIA GOVERNMENT B 3.25 21APR25 8.75%
4. FRENCH REPUBLIC GOVE 0.1 01MAR25 IL 7.96%
5. JAPAN GOVERNMENT FIVE Y 0.2 20SEP19 7.91%
6. FRENCH REPUBLIC GOVERN 0.75 25NOV28 5.46%
7. BUNDESSCHATZANWEISUNGEN 0.0 13MAR20 5.07%
8. AUSTRALIA GOVERNMENT B 4.25 21APR26 4.81%
9. BUNDESSCHATZANWEISUNGEN 0.0 15MAR19 3.16%
10. UNITED KINGDOM GILT 3.5 22JUL68 3.12%
11. UNITED KINGDOM GILT 4.25 07DEC49 2.84%
12. UNITED KINGDOM GILT 4.25 07DEC49 2.61%
13. AUSTRALIA GOVERNMENT B 2.75 21NOV28 2.39%
14. FRENCH REPUBLIC GOVERN 3.75 25OCT19 2.14%
15. BUNDESSCHATZANWEISUNGEN 0.0 14DEC18 1.99%
16. REPUBLIC OF AUSTR 3.65 20APR22 144A 1.76%
17. FRENCH REPUBLIC GOVERNM 4.5 25APR41 1.73%
18. UNITED KINGDOM GIL 0.125 22NOV36 IL 1.71%
19. FRENCH REPUBLIC GOVERNM 3.5 25APR20 1.70%
20. AUSTRALIA GOVERNMENT BO 4.5 21APR33 1.62%

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.