BRNT
WisdomTree Brent Crude Oil
WisdomTree Brent Crude Oil is designed to enable investors to gain an exposure to a total return investment in brent crude by tracking the Bloomberg Brent Crude Subindex (the "Index") and providing a collateral yield.
WisdomTree Brent Crude Oil 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).
WisdomTree Brent Crude Oil 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 Brent Crude
Fund Overview
| Fund Overview | |
|---|---|
| Base Currency | USD |
| Currency hedged | No – this product is not protected against adverse currency movements |
| Daily Change (27 Jan 2020) | -2.01% |
| ISIN | JE00B78CGV99 |
| Leverage Factor | N/A |
| Physical delivery | No |
| Price (NAV) (27 Jan 2020) | $27.82 |
| Underlying Exposure | Crude Oil (Brent) |
Net Asset Value
Structure
| Structure | |
|---|---|
| Domicile | Jersey |
| Replication method | Synthetic - fully funded collateralised swap |
| Legal form | Debt security |
| Legal structure | ETC |
Legal Tax
| Legal Tax | |
|---|---|
| ISA | Eligible |
| Sharia compliant | No |
| Securities regulator | Financial Conduct Authority (FCA UK) |
| UCITS Eligible | Eligible |
| UK Reporting Status | Yes |
Key Service Providers
| 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
| Fees | |
|---|---|
| MER | 0.49% |
| Entry / Exit fees | None when traded on Exchange |
Passported Countries
| Passported Countries |
|---|
 Austria |
 Belgium |
 Denmark |
 Finland |
 France |
 Germany |
 Ireland |
 Italy |
 Netherlands |
 Norway |
 Spain |
 Sweden |
 United Kingdom |
Listings & Codes
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Performance
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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 Brent Crude Subindex Total Return
The Index is designed to reflect the movement in the price of the Brent Crude futures contracts (that are continuously rolled on a pre-determined rolling schedule) used in the Bloomberg Commodity IndexSM. 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 Brent Crude Subindex Total Return |
| Index Provider | Bloomberg |
| Index Constituent Count | 1 |
| Index Type | Total Return |
| Currency | USD |
| Bloomberg Ticker | BCOMCOT |
| Reuters Index Ticker | .BCOMCOT |
| Index Website | |
| Security | 24 Jan 2020 |
|---|---|
| 1. Bloomberg Brent Crude Subindex Total Return | 100.00% |
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.
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).
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).