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ETFS 1x Daily Short Wheat ETC (SWEA.L)

112.47 -0.07 (-0.06%)
At close: September 4 at 9:20 AM GMT+1

ETF Summary

ETFS 1x Daily Short Wheat (SWEA) is designed to enable investors to gain a 'short' exposure to a total return investment in wheat futures contracts by tracking the Bloomberg Wheat Subindex (the "Index") and providing a collateral yield. A daily short exposure means that the product is designed to reflect minus one times the daily percentage change in the Index level. For example, if the Index was to rise in value by 5% on a particular day, the product is designed to decrease in value by 5% on that day (minus fees and expenses). SWEA is an exchange traded commodity ("ETC"). It is not a UCITS product. Securities in this ETC are structured as debt securities and not as shares (equity) and can be created and redeemed on demand by authorised participants and are traded on exchange just like shares in a company. The ETC is backed by swaps.

ETF Overview

Category --
Fund Family WisdomTree Commodity Securities Limited
Net Assets 338.29k
YTD Daily Total Return 1.63%
Yield 0.00%
Legal Type Exchange Traded Fund

ETF Operations

Attributes SWEA.L Category Average
Annual Report Expense Ratio (net) 1.03% --
Holdings Turnover 0.00% --
Total Net Assets 0.00 0.00

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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