6th Jan 2014 11:11
Rebalancing of Index Securities
The annual rebalancing of the DJ-UBSCISM and DJ-UBSCI-F3SM will commence this week. Consequently, each of the twenty-eight categories of Index Securities (comprising eighteen categories of Classic Index Securities and ten categories of Longer Dated Index Securities) issued by ETFS Commodity Securities Limited (the "Issuer") will also be rebalanced. As explained in the Prospectus, this will be done by adjusting the number of Micro Securities comprised in each Index Security.
The rebalancing itself will not change the value of any Index Security and no action is required on the part of Security Holders. The rebalancing does not affect the forty-six classes of Individual Securities (comprising twenty-seven classes of Classic Individual Securities and twenty-three classes of Longer Dated Individual Securities).
The timetable for the rebalancing of the Index Securities is as follows:
Tuesday, 7 January 2014
The target number of Micro Securities to be increased/decreased for each commodity in each Index Security will be determined using Tuesday's settlement prices.
Wednesday 8 January 2014, Thursday 9 January 2014, Friday 10 January 2014, Monday 13 January 2014, Tuesday 14 January 2014
At the beginning of each of these days, the number of Micro Securities will be adjusted, based on the targeted changes and the actual previous day's closing prices, and the updated number of Micro Securities for each class of Index Security in issue will be available prior to trading commencing on the Issuer's website at
http://www.etfsecurities.com/institutional/uk/en-gb/pricing-etfs-commodity-securities-limited-(classic).aspx
and
http://www.etfsecurities.com/institutional/uk/en-gb/pricing-etfs-commodity-securities-limited-(longer-dated).aspx
Wednesday, 15 January 2014
The final number of Micro Securities in each Index Security following the rebalancing will be announced prior to the opening of trading. (Note, however, if there is a Market Disruption Event for a commodity on Tuesday 14 January 2014 then the final number of Micro Securities for any Index Security containing that commodity will not be determined until the next Business Day which is not a Market Disruption Day).
The table below shows (i) the existing weighting of each commodity for the Classic Securities and the Longer Dated Securities, as measured by the effective weight at current commodity prices in the ETFS All Commodities Index Security (for the Classic Securities) or the ETFS Longer Dated All Commodities Index Security (for the Longer Dated Securities), and (ii) the targeted new weighting of each commodity for the Classic Securities and the Longer Dated Securities, based on the Commodity Index Percentage to be used in the rebalancing of DJ-UBSCISM (Classic Securities) or DJ-UBSCI-F3SM (Longer Dated Securities).
Existing weights based on current commodity prices (Classic securities) | Existing weights based on current commodity prices (Longer Dated securities) | Targeted weights based on new CIPs for the DJ‑UBSCISM (Classic securities) | Targeted weights based on new CIPs for the DJ‑UBSCI‑F3SM (Longer Dated securities) | |
Natural Gas | 14.9% | 14.4% | 9.4% | 9.45% |
WTI Crude Oil | 10.2% | 10.2% | 8.5% | 8.49% |
Brent Crude | 6.1% | 6.1% | 6.5% | 6.51% |
Gasoline | 3.7% | 3.9% | 3.6% | 3.62% |
Heating Oil | 3.8% | 3.8% | 3.7% | 3.72% |
Live Cattle | 3.6% | 3.5% | 3.3% | 3.27% |
Lean Hogs | 2.1% | 2.4% | 1.9% | 1.87% |
Wheat | 3.0% | 3.0% | 3.3% | 3.34% |
Kansas Wheat | 1.1% | 1.1% | 1.2% | 1.21% |
Corn | 4.7% | 4.8% | 7.2% | 7.20% |
Soybeans | 5.5% | 5.4% | 5.7% | 5.68% |
Soybean Oil | 2.3% | 2.3% | 2.8% | 2.83% |
Soybean Meal | 2.8% | 2.8% | 2.7% | 2.68% |
Aluminum | 4.7% | 4.7% | 4.7% | 4.72% |
Copper | 7.3% | 7.3% | 7.5% | 7.51% |
Zinc | 2.8% | 2.8% | 2.3% | 2.31% |
Nickel | 2.0% | 2.0% | 2.1% | 2.05% |
Gold | 8.8% | 8.8% | 11.5% | 11.53% |
Silver | 2.8% | 2.8% | 4.1% | 4.14% |
Sugar | 3.7% | 3.7% | 4.0% | 3.96% |
Cotton | 2.1% | 2.1% | 1.6% | 1.58% |
Coffee | 2.0% | 2.0% | 2.3% | 2.32% |
Total | 100.0% | 100.0% | 100.0% | 100.0% |
For more information, please contact: +44 20 7448 4330
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