WisdomTree Enhanced Commodity UCITS ETF - CHF Hedged Acc
The WisdomTree Enhanced Commodity UCITS ETF (the “Fund”) seeks to track the performance, before fees and expenses, of the WisdomTree Enhanced Commodity Total Return Index (the "Index"). The Index provides broad, diversified exposure to commodity futures using a multi-factor strategy and aims to maximise the roll yield. The Fund invests in US Treasury Bills and uses total return swaps to deliver the Index performance. The swaps are collateralised on a daily basis and reset monthly. This share class also employs an FX hedging strategy to mitigate CHF-to-U.S. Dollar currency fluctuations.
- Gain broad and diversified commodity exposure while enhancing return potential through a systematic, multi-factor strategy that dynamically adjusts commodity weights, allowing for tactical tilts relative to the Bloomberg® Commodity Index within predefined limits.
- Innovative dynamic roll process designed to maximise the roll yield.
- Proceeds are invested in T-Bills, and the swap is guaranteed by high-quality collateral.
- The ETF is UCITS compliant.
Potential Risks
- Returns payable on the Fund depend on payments received by the Fund from the swap counterparty under the terms of the relevant swap and therefore are subject to the credit risk of the swap counterparty.
- The performance of commodity futures-based indices may differ significantly from commodity spot prices.
- An investment in commodities may experience high volatility and should be considered as a longer-term investment.
- The FX hedging strategy aims to minimise the impact of currency fluctuations on hedged share class returns; however, forward currency contracts may not fully offset movements between the portfolio and share class currencies.
- This list does not cover all risks - further risks are disclosed in the relevant KID / KIID and Prospectus.
Overview
| Product Overview | |
|---|---|
| Use of Income | Accumulating |
| Dividend Frequency | N/A |
| Base Currency | CHF |
| Inception Date | 11 Dec 2019 |
| Exchange Ticker | COMS |
| Index Name | WisdomTree Enhanced Commodity Total Return Index |
| TER | 0.35% |
| Annual Swap Rate | 0.35% |
| Structure | |
|---|---|
| Replication Method | US TBills With Swap Overlay |
| Legal Form | Irish Collective Asset-management Vehicle (ICAV) |
| Fund Umbrella | WisdomTree Issuer ICAV |
| Domicile | Ireland |
| Structure | Open-ended Exchange Traded Fund |
| Financial Year End | 31 December |
| UCITS Compliant | Compliant |
| Further Legal and Tax Information | |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| UCITS Eligible | Eligible |
| PEA Eligible | No |
| Key Service Providers | |
|---|---|
| Custodian | The Bank of New York Mellon SA/NV, Dublin Branch |
| Administrator | BNY Mellon Fund Services (Ireland) Designated Activity Company |
| Fund Manager | Assenagon Asset Management S.A |
| Auditor | Deloitte Ireland LLP |
Austria
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Listings & Codes
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Benchmark Composition
Sector Breakdown
Fund Holdings
| Security | Weight |
|---|---|
| 1. "US Treasury Bill (BVN7R03)" | 9.18% |
| 2. "US Treasury Bill (BVPJDQ5)" | 9.08% |
| 3. "US Treasury Bill (BVBFK11)" | 9.08% |
| 4. "US Treasury Bill (BV3PBJ4)" | 9.07% |
| 5. "US Treasury Bill (BRT7WS2)" | 9.01% |
| 6. "US Treasury Bill (BSSBJ03)" | 7.26% |
| 7. "US Treasury Bill (BVMNBH7)" | 7.25% |
| 8. "US Treasury Bill (BNBVJG1)" | 7.06% |
| 9. "US Treasury Bill (BT9R101)" | 6.98% |
| 10. "US Treasury Bill (BV2FL84)" | 6.84% |
| 11. "US Treasury Bill (BTMT074)" | 5.82% |
| 12. "US Treasury Bill (BTWQYX9)" | 5.17% |
| 13. "US Treasury Bill (BTPGTR5)" | 4.52% |
| 14. "US Treasury Bill (BT3F9K7)" | 1.87% |
| 15. "" | 1.77% |
| 16. "CASH W-O" | 0.05% |
| 17. "STERLING POUND" | 0.02% |
| 18. "SWISS FRANC" | 0.01% |
| 19. "EURO INCOME A/C" | 0.01% |
Index Details
WisdomTree Enhanced Commodity Total Return Index
The Index uses a multi-factor strategy and aims to provide a broad and diversified UCITS compliant commodity exposure, covering 4 broad commodity sectors: energy, agriculture, industrial metals and precious metals.
The base weightings for each commodity are determined by the Bloomberg® Commodity Index. On a daily basis, the Index applies a systematic factor-based weighting overlay to overweight or underweight each commodity (excluding gold and silver) within defined caps and floors, based on three key factors: roll yield (backwardation), slope momentum, and price momentum.
The Index achieves exposure to each commodity through investment in the relevant Bloomberg Roll Select Indices (which use an optimised roll mechanism to maximise the implied roll yield), as well as Bloomberg Seasonal Roll Indices. For Gold and Silver, the front-month BCOM indices are used.
Before September 18, 2025, the benchmark for the WisdomTree Enhanced Commodity UCITS ETF was the Optimised Roll Commodity Total Return Index. Index performance data reflects this index for all periods before that date and the WisdomTree Enhanced Commodity Total Return Index from September 18, 2025, onward.
| Index Details | |
|---|---|
| Index Name | WisdomTree Enhanced Commodity Total Return Index |
| Index Provider | WisdomTree |
| Bloomberg Ticker | WTENCMT |
| Leverage Factor | N/A |
| Documents and Links |
|---|
| Security | 02 Jun 2026 |
|---|---|
| 1. Gold | 12.06% |
| 2. Brent Crude | 11.95% |
| 3. WTI Crude Oil | 10.25% |
| 4. Natural Gas | 8.46% |
| 5. Soybean Oil | 6.24% |
| 6. Live Cattle | 6.12% |
| 7. Aluminium | 5.87% |
| 8. Gasoil | 4.52% |
| 9. Copper | 4.42% |
| 10. Unleaded Gasoline | 3.81% |
| 11. Heating Oil | 3.61% |
| 12. Soybeans | 3.10% |
| 13. Silver | 3.04% |
| 14. Soybean Meal | 2.94% |
| 15. Zinc | 2.84% |
| 16. Nickel | 2.37% |
| 17. Corn | 1.53% |
| 18. Coffee | 1.22% |
| 19. Chicago Wheat | 1.17% |
| 20. Lean Hogs | 1.13% |
| 21. Kansas Wheat | 1.01% |
| 22. Sugar | 0.78% |
| 23. Cotton | 0.66% |
| 24. Lead | 0.47% |
| 25. Cocoa | 0.44% |
Responsible Investing
SFDR Disclosure
The EU Sustainable Finance Disclosures Regulation (SFDR) took effect on 10 March 2021 as part of the EU Action Plan on Sustainable Finance. The SFDR lays down harmonised sustainability related disclosure rules for EU financial market participants and advisors and requires certain sustainability disclosures to be made for financial products which promote environmental or social characteristics (Article 8 SFDR) and funds which have a sustainable investment objective (Article 9 SFDR).
There are different SFDR product categorisations for these sustainability disclosure requirements:
+ Article 6 products: require disclosures relating to the manner in which sustainability risks are integrated into the decision-making process.
+ Article 8 products: promote, among other characteristics, environmental or social characteristics or a combination of those characteristics, provided that the companies in which the investments are made follow good governance practices.
+ Article 9 products: have sustainable investment as their objective
Please refer to EU regulation guidelines for more details: https://www.esma.europa.eu/sections/sustainable-finance
| SFDR categorisations | |
|---|---|
| SFDR Disclosure | Article 6 |
| Sustainability Characteristics | |
|---|---|
| MSCI ESG Fund Ratings (AAA-CCC) | A |
Collateral Details
Collateral Structure
Replicating Exposure to Commodities Through a Swap
The Fund aims to track the WisdomTree Enhanced Commodity Total Return Index (the “Index”). The Fund gains indirect exposure to the constituents of the Index through the use of swaps on the Index. The Fund holds a portfolio of short-term US T-bills.
Structure Diagram
Counterparty Risk Management
Counterparty risk is primarily managed through the daily exchange of collateral between the Fund and its swap provider(s) (also referred to as the swap counterparty).
The value of the collateral required is based on a daily calculation of counterparty exposure using the prior day’s mark-to-market of the swaps and any unsettled cash flowing between the Fund and the swap provider.
Assets posted as collateral may only include cash (US Dollars only) or government bonds of US, UK, France or Germany, with a minimum rating of AA-/Aa3 (“eligible collateral assets”). When valuing the bonds posted as collateral, a haircut is applied to each bond's value based on the issuing country and the bond's maturity. Applying a haircut to the value of eligible collateral typically results in the collateral value exceeding the counterparty exposure and in any exposure being “over-collateralised”.
Documents
DISCLAIMERS
The products discussed in this document are issued by WisdomTree Issuer ICAV (“WT Issuer”). WT Issuer is an umbrella investment company with variable capital having segregated liability between its funds organised under the laws of Ireland as an Irish Collective Asset-management Vehicle and authorised by the Central Bank of Ireland (“CBI”). WT Issuer is organised as an Undertaking for Collective Investment in Transferable Securities (“UCITS”) under the laws of Ireland and shall issue a separate class of shares ("Shares”) representing each fund.
The Fund is described in a Key Information Document (KID) or Key Investor Information Document (KIID) for UK investors, and the prospectus of WT Issuer (“WT Prospectus”). A copy of the WT Prospectus and the KID / KIID is available, for EEA/UK only, in English at www.wisdomtree.eu. Where required under national rules, the KID will also be available in the local language of the relevant EEA Member State. Investors should read the WT Prospectus before investing and should refer to the section of the WT Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the Shares.
The summary of investor rights associated with an investment in the fund is available in English on WisdomTree Europe’s website. WisdomTree Management Limited may decide to terminate the arrangements made for the marketing of its collective investment undertakings. In such circumstances, shareholders in the affected EEA Member State will be notified of this decision and will be provided with the opportunity to redeem their shareholding in the fund free of any charges or deductions for at least 30 working days from the date of such notification.
The base weightings for each commodity in the WisdomTree Enhanced Commodity Index are determined by reference to Bloomberg® Commodity Indices. “BLOOMBERG®” and the Bloomberg indices listed as index components therein (the “Bloomberg Indices”) are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Bloomberg Indices (collectively, “Bloomberg”) and have been licensed for use for certain purposes by WisdomTree Issuer ICAV as the umbrella Irish collective asset-management vehicle of the Fund (the “Licensee”). Bloomberg is not affiliated with Licensee, and Bloomberg does not approve, endorse, review, or recommend the Fund. Bloomberg does not guarantee the timeliness, accuracy, or completeness of any data or information relating to the Fund.