COPA/COPB
WisdomTree Copper
Potential Risks
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The value of securities in this ETP is directly affected by increases and decreases in the value of the Index. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the performance of the Index.
- Counterparty risk: The Issuer is reliant on there being swap counterparties available to enter into swap agreements on a continuing basis and, if no swap counterparties are willing to do so, the ETP will not be able to achieve its investment policy of tracking the performance of the Index.
- Credit Risk: The Issuer is subject to the risk that third party service providers may fail to return property or collateral belonging to the Issuer or pay money due to the issuer. The ETP 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. In the event a swap counterparty defaults, the proceeds from realisation of the collateral may be less than what the investor expects. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www. Wisdomtree. Com).
- The performance of commodity indices may differ significantly from spot commodity prices, which are often quoted in the financial press, as the spot in itself is not investable. An investment in commodities may experience high volatility and should be considered as a longer term investment.
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Overview
Fund Overview | |
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Base Currency | USD |
Currency hedged | No – this product is not protected against adverse currency movements |
ISIN | GB00B15KXQ89 |
Leverage Factor | N/A |
Physical delivery | No |
Underlying Exposure | Copper |
Structure | |
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Domicile | Jersey |
Replication method | Synthetic - fully funded collateralised swap |
Legal form | Debt security |
Legal structure | ETC |
Further Legal and Tax Information | |
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ISA | Eligible |
Securities regulator | Financial Conduct Authority (FCA UK) |
UCITS Eligible | Eligible |
UK Reporting Status | Yes |
Key Service Providers | |
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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 | |
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MER | 0.49% |
Entry / Exit fees | None when traded on Exchange |
Annual Swap Rate | 0.45% |
Listings & Codes
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Performance
Benchmark | |
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Month-To-Date (mtd) | -2.91% |
Year-To-Date (ytd) | 6.26% |
1 Year | 10.97% |
2 Year | 15.95% |
3 Year | -3.08% |
4 Year | 49.48% |
5 Year | 57.91% |
Index
Bloomberg Commodity Copper Subindex 4W Total Return
Bloomberg Copper Subindex is based on the copper component used in Bloomberg Commodity IndexSM.
The Subindex reflects the movement of the copper futures contracts.
Information about the rolling of the futures contracts is set out in the prospectus and in the index methodology available at www.bloombergindexes.com.
Index Details | |
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Index Name | Bloomberg Commodity Copper Subindex 4W Total Return |
Index Provider | Bloomberg |
Index Constituent Count | 1 |
Currency | USD |
Bloomberg Ticker | BCOMHG4T |
Reuters Index Ticker | .BCOMHG4T |
Index Website |
Security | 13 Aug 2024 |
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1. Bloomberg Commodity Copper Subindex 4W Total Return | 100.00% |
Collateral Details
Country (weighting) | 13 Aug 2024 |
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1. UNITED STATES | 39.76% |
2. GERMANY | 20.30% |
3. NETHERLANDS | 14.31% |
4. AUSTRIA | 13.21% |
5. FINLAND | 12.42% |
Currency (weighting) | 13 Aug 2024 |
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1. Euro | 60.24% |
2. US Dollar | 39.76% |
Documents and Links |
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Constituents Top 20 | 13 Aug 2024 |
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1. 0 1/2 NOTE M 27 | 8.43% |
2. 1 1/8 NOTE AF 26 | 6.29% |
3. REPUBLIC OF AUSTRI 0.0 20FEB31 144A | 4.87% |
4. 0 1/2 NOTE V 26 | 4.69% |
5. 1 7/8 NOTE V 27 | 4.44% |
6. BUNDESREPUBLIK DEUTSCHL 2.5 15AUG54 | 4.38% |
7. NETHERLANDS GOVER 0.75 15JUL27 144A | 4.14% |
8. FINLAND GOVERNME 1.375 15APR27 144A | 3.83% |
9. NETHERLANDS GOVERN 2.5 15JAN30 144A | 3.82% |
10. 3 3/4 NOTE L 30 | 3.14% |
11. FINLAND GOVERNMENT 0.5 15SEP28 144A | 2.82% |
12. FINLAND GOVERNMENT 1.5 15SEP32 144A | 2.66% |
13. BUNDESOBLIGATION 2.2 13APR28 | 2.55% |
14. 2 1/2 NOTE W 27 | 2.48% |
15. BUNDESREPUBLIK DEUTSCHL 2.6 15AUG34 | 2.46% |
16. 3 1/8 NOTE P 29 | 2.46% |
17. 4 1/4 NOTE V 29 | 2.41% |
18. 0 7/8 NOTE AD 26 | 2.40% |
19. 1 1/4 NOTE AH 26 | 2.29% |
20. NETHERLANDS GOVERN 0.0 15JUL31 144A | 1.89% |
21. BUNDESREPUBLIK DEUTSCH 6.25 04JAN30 | 1.78% |
22. REPUBLIC OF AUSTRI 0.9 20FEB32 144A | 1.57% |
23. BUNDESREPUBLIK DEUTSCHL 2.6 15MAY41 | 1.55% |
24. BUNDESREPUBLIK DEUTSCHL 1.8 15AUG53 | 1.53% |
25. BUNDESREPUBLIK DEUTSCHL 4.0 04JAN37 | 1.52% |
Documents
Regulatory
- ETFS Commodity Securities Ltd - Annual Account 2009
- ETFS Commodity Securities Ltd - Annual Account 2010
- ETFS Commodity Securities Ltd - Annual Account 2011
- ETFS Commodity Securities Ltd - Annual Account 2012
- ETFS Commodity Securities Ltd - Annual Account 2013
- ETFS Commodity Securities Ltd - Annual Account 2014
- ETFS Commodity Securities Ltd - Annual Account 2015
- ETFS Commodity Securities Ltd - Annual Account 2016
- ETFS Commodity Securities Ltd - Annual Account 2017
- ETFS Commodity Securities Ltd - Annual Account 2018
- WisdomTree Commodity Securities Limited - Annual Account 2019
- WisdomTree Commodity Securities Limited - Annual Account 2020
- ETFS Commodity Securities Ltd - Interim Account 2008
- ETFS Commodity Securities Ltd - Interim Account 2009
- ETFS Commodity Securities Ltd - Interim Account 2010
- ETFS Commodity Securities Ltd - Interim Account 2011
- ETFS Commodity Securities Ltd - Interim Account 2012
- ETFS Commodity Securities Ltd - Interim Account 2013
- ETFS Commodity Securities Ltd - Interim Account 2014
- ETFS Commodity Securities Ltd - Interim Account 2015
- ETFS Commodity Securities Ltd - Interim Account 2016
- ETFS Commodity Securities Ltd - Interim Account 2017
- ETFS Commodity Securities Ltd - Interim Account 2018
- ETFS Commodity Securities Ltd - Interim Account 2019
- WisdomTree Commodity Securities Ltd - Interim Account 2020
- UK Reporting Fund Approval Letter - ETFS Commodity Securities Ltd
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2009
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2010
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2011
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2012
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2013
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2014
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2015
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2016
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2017
- UK Reporting Fund Shareholder Letter - ETFS Commodity Securities Ltd 2018
- UK Reporting Fund Shareholder Letter - WisdomTree Commodity Securities Ltd 2019
- UK Reporting Fund Shareholder Letter - WisdomTree Commodity Securities Ltd 2020
- EPT - UK
Historical Data
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).