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LJP3

WisdomTree Long JPY Short USD 3x Daily

WisdomTree Long JPY Short USD 3x Daily is designed to provide investors with a 'leveraged long' exposure to Japanese Yen (""JPY"") relative to US Dollars (""USD"") by tracking the MSFX Triple Long Japanese Yen Index (TR) (the ""Index""), which aims to reflect three times the performance of a position in forward contracts which are rolled on a daily basis.

WisdomTree Long JPY Short USD 3x Daily is an exchange traded currency (""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 obtains exposure to the Index by entering into unfunded swaps with a counterparty. There is no upfront cash payment by the Issuer to the counterparty when an unfunded swap is created. However, daily cash payments are made between the Issuer and the counterparty to reflect the movements in the value of the Index.

Separately, the Issuer uses the cash it holds to purchase eligible collateral from the counterparty under a daily reverse repurchase agreement (""reverse repo""), an agreement whereby the counterparty agrees to repurchase such eligible collateral from the Issuer the following day. The eligible collateral is held by the custodian in a custody account.

*Formerly ETFS 3x Long JPY Short USD


Fund Overview
Base Currency USD
Daily Change -1.09%
ISIN JE00B3X9GJ56
Leverage Factor 3x
Price (NAV) $11.58
Net Asset Value As of 15 Oct 2019
NAV $11.58
Daily Change -$0.13
Daily Return -1.09%
Total AUM of fund $620,489.15
Shares Outstanding 53,590
Structure
Domicile Jersey
Replication method Synthetic - unfunded swap backed by collateral
Legal form Debt security
Legal structure ETC
Legal Tax
ISA Eligible
Sharia compliant No
Securities regulator Financial Conduct Authority (FCA UK)
SIPP Eligible
UCITS Eligible Eligible
UK Reporting Status Yes
Key Service Providers
Trustee The Law Debenture Trust Corporation p.l.c.
Issuer WisdomTree Foreign Exchange Limited
Registrar Computershare Investor Services (Jersey) Ltd
Collateral manager The Bank of New York Mellon
Counterparty Morgan Stanley & Co. International plc
Fees
MER 0.98%
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

MSFXSM Triple Long Japanese Yen Index (TR)

 

The Index provides a 3x leveraged 'long' exposure to: (i) JPY relative to USD. For example, if JPY were to rise in value relative to USD, the Index (tracked by the ETC) would rise in value by three times the same amount. Conversely if JPY were to decrease in value relative to USD, the Index would decrease in value by three times the same amount; and (ii) an interest rate differential reflecting the difference between the JPY and the USD exchange rates.

The Index is a total return index, which means that it also provides a collateral yield.

 

Index Details

Index Details
Index Name MSFXSM Triple Long Japanese Yen Index (TR)
Index Provider MSFX
Index Constituent Count 1
Index Type Total Return
Currency USD
Bloomberg Ticker MSCEJPUL
Reuters Index Ticker n.a.
Index Website http://www.morganstanley.com
Security 15 Oct 2019
1. MSFXSM Triple Long Japanese Yen Index (TR) 100.00%

Collateral Details

Currency (weighting)
No Data To Display
Country (weighting)
No Data To Display
Constituents Top 20 15 Oct 2019
1. WH GROUP LTD USD 0.0001 144A 2.18%
2. EIFFAGE SA EUR 4.0 2.18%
3. ICICI BK LTD INR 10.0 ADR 2.15%
4. HONEYWELL INTL INC USD 1.0 2.15%
5. HOME DEPOT INC USD 0.05 2.15%
6. HERA SPA EUR 1.0 2.15%
7. IQIYI INC CNY 0.00001 ADR 2.15%
8. LAMB WESTON HLDGS INC USD 1.0 2.15%
9. LILLY ELI + CO NPV 2.15%
10. MOMO INC USD 0.0001 ADR 2.15%
11. NETAPP INC USD 0.001 2.15%
12. NINTENDO CO LTD NPV 2.15%
13. PETROCHINA CO LTD CNY 1.0 2.15%
14. RESTAURANT BRANDS INTL INC NPV 2.15%
15. SWATCH GROUP AG/THE CHF 2.25 2.15%
16. ZOETIS INC USD 0.01 2.15%
17. CITIC LTD NPV 2.15%
18. COMERICA INC USD 5.0 2.15%
19. DCC PLC EUR 0.25 2.15%
20. NVR INC USD 0.01 2.15%

Documents

Historical Data

The products discussed in this document are issued by WisdomTree Foreign Exchange 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 Morgan Stanley & Co International plc, Morgan Stanley & Co. Incorporated, any of their affiliates or anyone else or any of their affiliates. Each of Morgan Stanley & Co International plc and Morgan Stanley & Co. Incorporated disclaims all and any liability whether arising in tort, contract or otherwise (save as referred to above) which it might have in respect of this document or its contents otherwise arising in connection herewith.

The Morgan Stanley Indices are the exclusive property of Morgan Stanley & Co. Incorporated ("Morgan Stanley"). Morgan Stanley and the Morgan Stanley index names are service mark(s) of Morgan Stanley or its affiliates and have been licensed for use for certain purposes by WisdomTree Management Jersey Limited in respect of the securities issued by Issuer. The securities issued by Issuer are not sponsored, endorsed, or promoted by Morgan Stanley, and Morgan Stanley bears no liability with respect to any such financial securities. The prospectus of Issuer contains a more detailed description of the limited relationship Morgan Stanley has with Issuer and any related financial securities. No purchaser, seller or holder of securities issued by Issuer, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting Morgan Stanley to determine whether Morgan Stanley's permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley.