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SUGA

WisdomTree Sugar

WisdomTree Sugar is designed to enable investors to gain an exposure to a total return investment in sugar by tracking the Bloomberg Sugar Subindex (the "Index") and providing a collateral yield.

WisdomTree Sugar 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 Sugar


Fund Overview
Base Currency USD
Daily Change 0.00%
ISIN GB00B15KY658
Leverage Factor N/A
Price (NAV) $6.40
Net Asset Value As of 11 Oct 2019
NAV $6.40
Daily Change N/A
Daily Return 0.00%
Total AUM of fund $29,412,388.80
Shares Outstanding 4,596,209
Structure
Domicile Jersey
Replication method Synthetic - fully funded collateralised 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 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
MER 0.49%
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

Bloomberg Sugar Subindex Total Return

 

The Index is designed to reflect the movement in the price of the sugar 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 Sugar Subindex Total Return
Index Provider Bloomberg
Index Constituent Count 1
Index Type Total Return
Currency USD
Bloomberg Ticker BCOMSBTR
Reuters Index Ticker .BCOMBTR
Index Website http://www.bloombergindexes.com/
Security 11 Oct 2019
1. Bloomberg Sugar Subindex Total Return 100.00%

Collateral Details

Currency (weighting)
No Data To Display
Country (weighting)
No Data To Display
Constituents Top 20 11 Oct 2019
1. JAPAN GOVERNMENT TWENTY 2.5 20MAR20 25.16%
2. REPUBLIC OF AUSTR 4.85 15MAR26 144A 11.24%
3. FRENCH REPUBLIC GOVERNM 3.5 25APR20 7.01%
4. JAPAN GOVERNMENT TWO YE 0.1 01JUN20 5.29%
5. FRENCH REPUBLIC GOVE 0.1 01MAR25 IL 4.94%
6. FRENCH REPUBLIC GOVERNM 0.0 25MAR25 4.75%
7. FRENCH REPUBLIC GOVERN 1.25 25MAY34 4.61%
8. FRANCE TREASURY BILL BT 0.0 12AUG20 4.54%
9. UNITED KINGDOM GILT 4.25 07DEC49 4.53%
10. FRENCH REPUBLIC GOVERNM 1.0 25MAY27 4.33%
11. BUNDESOBLIGATION 0.0 18OCT24 3.69%
12. FRENCH REPUBLIC GOVERNM 0.0 25NOV29 2.55%
13. UNITED KINGDOM GILT 3.5 22JUL68 2.46%
14. BUNDESOBLIGATION 0.0 05APR24 2.02%
15. REPUBLIC OF AUSTR 3.65 20APR22 144A 1.92%
16. BUNDESREPUBLIK DEUTSCHL 3.0 04JUL20 1.69%
17. REPUBLIC OF AUSTRI 3.9 15JUL20 144A 1.51%
18. UNITED KINGDOM GILT 0.75 22NOV47 IL 1.45%
19. UNITED STATES TREAS NTS 2.0 15FEB23 1.45%
20. UNITED KINGDOM GIL 0.125 22NOV65 IL 1.10%

Documents

Historical Data

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).