WisdomTree Nickel 1x Daily Short

WisdomTree Nickel 1x Daily Short is designed to enable investors to gain a short exposure to a total return investment in nickel futures contracts by tracking the Bloomberg Nickel 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). WisdomTree Nickel 1x Daily Short 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. 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..