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OILB/OLBP

WisdomTree Brent Crude Oil 1mth

WisdomTree Brent Crude Oil 1mth has been designed to enable investors to gain a total return exposure to movements in the price of 1 month Brent oil futures without needing to purchase or take delivery of oil, or to trade in futures contracts.

WisdomTree Brent Crude Oil 1mth is an Exchange Traded Commodity ("ETC") that can be created and redeemed on demand (by Authorised Participants). It trades on exchange just like an equity and its pricing and tracking operates similarly to an Exchange Traded Fund.

WisdomTree Brent Crude Oil 1mth is backed by matching fully funded swaps with Royal Dutch Shell Group companies that provide the oil exposure.

*Formerly ETFS Brent 1mth


Fund Overview
Base Currency USD
Currency hedged No – this product is not protected against adverse currency movements
Daily Change (15 Nov 2019) 1.61%
ISIN GB00B0CTWC01
Leverage Factor N/A
Physical delivery No
Price (NAV) (15 Nov 2019) $30.04
Underlying Exposure Crude Oil (Brent)
Net Asset Value As of 15 Nov 2019
NAV €27.18
Daily Change €0.31
Daily Return 1.15%
Total AUM of fund €195,230,720.34
Shares Outstanding 7,182,108
Structure
Domicile Jersey
Replication method Synthetic - fully funded 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 WisdomTree Oil Securities Limited
Registrar Computershare Investor Services (Jersey) Ltd
Counterparty Shell Trading Switzerland AG, a member of the Royal Dutch Shell Group
Fees
MER 0.49%
Entry / Exit fees None when traded on Exchange
Passported Countries
Denmark Denmark
Finland
France
Germany
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

ICE 1 month Brent oil futures

 

The price of OILB is based on a total return methodology, which means that the price comprises three components: (i) returns from exposure to ICE 1 month Brent crude oil futures contracts; (ii) returns from the roll yield (described below); and (iii) a collateral yield. 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 pricing of the ETC, it may therefore have a positive or negative impact on its value depending on whether the relevant futures market is in contango or backwardation.

 

Index Details

Index Details
Index Name ICE 1 month Brent oil futures
Index Constituent Count 1
Index Type Total Return
Currency USD
Bloomberg Ticker n.a
Reuters Index Ticker n.a.
Index Website http://www.theice.com
Security 15 Nov 2019
1. Crude Oil (Brent) 100.00%
The products discussed in this document are issued by WisdomTree Oil 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 Issuer alone and are not obligations of or guaranteed by any of Shell Trading Switzerland and Shell Treasury any of their affiliates or anyone else or any of their affiliates. Each of Shell Trading Switzerland and Shell Treasury 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.