WisdomTree Commodity Index Announcement
31 March 2023
Index rebalance and changes to Index methodology
WisdomTree, Inc. (WTI), the index administrator of the WisdomTree Energy Transition Metals Commodity Index (WTETMCTR) and WisdomTree Battery Metals Commodity Index (WTBMCTR), announces the new target weights for the index rebalance in April 2023, and changes to the index methodology.
Effective from 17th April 2023, the index methodology will be updated as follows,
- the inclusion of cobalt and lithium in the basket of commodities comprising the indices;
- modifications to the calculation formula to reflect the weight capping and rebalancing costs of each commodity component; and
- the daily cash collateral return rate on the Total Return index calculation will move from the “13 week High Auction Rate for US Treasury Bills” (Bloomberg ticker: USB3MTA) to the “Fed Funds Effective Rate” (Bloomberg ticker: FEDL01).
The index rebalance and the inclusion of cobalt and lithium commodity components will be implemented after the market close on 17th April 2023.
|
Energy Transition |
Target weights |
Battery Metals Index |
Target weights |
|
| Aluminium | 17.32% | Aluminium | 29.11% | |
| Copper | 20.79% | Copper | 19.39% | |
| Nickel | 24.25% | Nickel | 38.84% | |
| Platinum | 3.46% | Zinc | 9.66% | |
| Silver | 13.86% | Cobalt | 2.50% | |
| Tin | 6.93% | Lithium | 0.50% | |
| Zinc | 10.39% | |||
| Cobalt | 2.50% | |||
| Lithium | 0.50% |