ENGS
WisdomTree Natural Gas - EUR Daily Hedged
Why Invest?
- Gain exposure to the performance of Natural Gas.
- Currency risk is hedged on a daily basis, significantly reducing currency volatility.
- UCITS eligible and fully collateralised.
- Transparent performance and fees.
- Easy to invest: Everything in one product which does not require the investor to manage storage, insurance or delivery of Natural Gas.
- Risk Management: You cannot lose more than the amount invested.
- Liquidity: Trades on exchange, with multiple authorised participants (APs) and market makers (MMs).
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 | EUR |
Currency hedged | Yes |
ISIN | JE00B6XF0923 |
Leverage Factor | N/A |
Physical delivery | No |
Underlying Exposure | Natural Gas |
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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Securities regulator | Financial Conduct Authority (FCA UK) |
UCITS Eligible | Eligible |
Key Service Providers | |
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Trustee | The Law Debenture Trust Corporation p.l.c. |
Issuer | WisdomTree Hedged Commodity Securities Limited |
Registrar | Computershare Investor Services (Jersey) Ltd |
Collateral manager | The Bank of New York Mellon |
Counterparty | Citigroup Global Markets Limited, Merrill Lynch Commodities Inc. |
Fees | |
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MER | 0.49% |
Annual Swap Rate | 0.67% |
Listings & Codes
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Performance
Benchmark | |
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Month-To-Date (mtd) | 4.81% |
Year-To-Date (ytd) | -33.53% |
1 Year | -56.05% |
2 Year | -88.96% |
3 Year | -76.43% |
4 Year | -74.36% |
5 Year | -83.30% |
Index
Bloomberg Natural Gas Subindex Euro Hedged Daily Total Return
The Index is designed to reflect the movement in the price of the natural gas futures contracts (that are continuously rolled on a pre-determined rolling schedule) used in the Bloomberg Commodity IndexSM as well as incorporating a currency hedge against movements in the EUR/USD exchange rate. The currency hedge is rebalanced daily. 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 | |
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Index Name | Bloomberg Natural Gas Subindex Euro Hedged Daily Total Return |
Index Provider | Bloomberg |
Index Constituent Count | 1 |
Currency | EUR |
Bloomberg Ticker | BUNGDET |
Reuters Index Ticker | .BUNGDET |
Index Website |
Security | 13 Aug 2024 |
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1. Bloomberg Natural Gas Subindex Euro Hedged Daily Total Return | 100.00% |
Collateral Details
Country (weighting) | 13 Aug 2024 |
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1. UNITED STATES | 29.65% |
2. GERMANY | 22.18% |
3. FINLAND | 17.96% |
4. AUSTRIA | 17.96% |
5. NETHERLANDS | 12.25% |
Currency (weighting) | 13 Aug 2024 |
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1. Euro | 70.35% |
2. US Dollar | 29.65% |
Constituents Top 20 | 13 Aug 2024 |
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1. 3 5/8 NOTE J 30 | 29.65% |
2. REPUBLIC OF AUSTRI 0.0 20FEB30 144A | 17.96% |
3. FINLAND GOVERNMEN 2.75 15APR38 144A | 17.96% |
4. BUNDESREPUBLIK DEUTSCHL 1.8 15AUG53 | 12.64% |
5. NETHERLANDS GOVERN 2.5 15JUL34 144A | 12.25% |
6. BUNDESREPUBLIK DEUTSCH 6.25 04JAN30 | 5.57% |
7. BUNDESREPUBLIK DEUTSCHL 2.6 15AUG34 | 3.97% |
Documents
Regulatory
- WisdomTree Hedged Commodity Securities Limited - Annual Account 2020
- WisdomTree Hedged Commodity Securities Limited - Annual Account 2019
- ETFS Hedged Commodity Securities Ltd - Annual Account 2018
- ETFS Hedged Commodity Securities Ltd - Annual Account 2017
- ETFS Hedged Commodity Securities Ltd - Annual Account 2016
- ETFS Hedged Commodity Securities Ltd - Annual Account 2014
- ETFS Hedged Commodity Securities Ltd - Annual Account 2013
- ETFS Hedged Commodity Securities Ltd - Annual Account 2012
- WisdomTree Hedged Commodity Securities Ltd - Interim Account 2020
- ETFS Hedged Commodity Securities Ltd - Interim Account 2019
- ETFS Hedged Commodity Securities Ltd - Interim Account 2018
- ETFS Hedged Commodity Securities Ltd - Interim Account 2017
- ETFS Hedged Commodity Securities Ltd - Interim Account 2016
- ETFS Hedged Commodity Securities Ltd - Interim Account 2015
- ETFS Hedged Commodity Securities Ltd - Interim Account 2014
- ETFS Hedged Commodity Securities Ltd - Interim Account 2013
- ETFS Hedged Commodity Securities Ltd - Interim Account 2012
- Notice of Proposed Principal Amount Reductions for HCSL
- UK Reporting Fund Approval Letter - ETFS Hedged Commodity Securities Ltd
- UK Reporting Fund Shareholder Letter - ETFS Hedged Commodity Securities Ltd 2012
- UK Reporting Fund Shareholder Letter - ETFS Hedged Commodity Securities Ltd 2014
- UK Reporting Fund Shareholder Letter - ETFS Hedged Commodity Securities Ltd 2015
- UK Reporting Fund Shareholder Letter - ETFS Hedged Commodity Securities Ltd 2016
- UK Reporting Fund Shareholder Letter - ETFS Hedged Commodity Securities Ltd 2017
- UK Reporting Fund Shareholder Letter - ETFS Hedged Commodity Securities Ltd 2018
- UK Reporting Fund Shareholder Letter - WisdomTree Hedged Commodity Securities Ltd 2019
- UK Reporting Fund Shareholder Letter - WisdomTree Hedged 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).