7th Jan 2009 14:22
Rebalancing of Index Securities
The annual rebalancing of the DJ-AIGCISM and DJ-AIGCI-F3SM will commence this week. Consequently each of the twenty categories of Index Securities (comprising ten categories of Classic Index Securities and ten categories of Forward Index Securities) issued by ETFS Commodity Securities Limited 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 thirty-eight classes of Individual Securities (comprising nineteen classes of Classic Individual Securities and nineteen classes of Forward Individual Securities).
The timetable for the rebalancing of the Index Securities is as follows:
Wednesday 7 January 2009
The target number of Micro Securities to be increased/decreased for each commodity in each Index Security will be determined using Wednesday's settlement prices.
Friday 9, Monday 12, Tuesday 13, Wednesday 14, Thursday 15 January 2009
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 will be available prior to trading commencing on the issuer's website at www.etfsecurities.com/csl and www.etfsecurities.com/cslf3
Thursday 15 January 2009
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 Wednesday 14 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 attached table shows (i) the existing weighting of each commodity for the Classic Securities and the Forward 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 Forward All Commodities Index Security (for the Forward Securities), and (ii) the targeted new weighting of each commodity for the Classic Securities and the Forward Securities, based on the Commodity Index Percentage to be used in the rebalancing of DJ-AIGCISM (Classic Securities) or DJ-AIGCI-F3SM (Forward Securities).
For more information, please contact the UK representative of ETF Securities: +44 207 448 4330
|
Existing weights based on current commodity prices (Classic securities) |
Existing weights based on current commodity prices (Forward securities) |
Targeted weights based on the new CIPs for the DJ-AIGCISM(Classic securities) |
Targeted weights based on the new CIPs for the DJ-AIGCI-F3SM (Forward securities) |
|
|
Natural Gas |
12.6% |
12.5% |
11.9% |
11.9% |
|
Crude Oil |
10.0% |
10.3% |
13.7% |
13.7% |
|
Unleaded Gas (Gasoline) |
2.6% |
2.8% |
3.7% |
3.7% |
|
Heating Oil |
3.3% |
3.2% |
3.6% |
3.6% |
|
Live Cattle |
6.2% |
6.0% |
4.3% |
4.3% |
|
Lean Hogs |
4.0% |
4.9% |
2.4% |
2.4% |
|
Wheat |
4.4% |
4.5% |
4.8% |
4.8% |
|
Corn |
6.9% |
7.0% |
5.7% |
5.7% |
|
Soybeans |
8.4% |
8.2% |
7.6% |
7.6% |
|
Soybean Oil |
2.8% |
2.7% |
2.9% |
2.9% |
|
Aluminum |
6.3% |
6.2% |
7.0% |
7.0% |
|
Copper |
4.8% |
4.7% |
7.3% |
7.3% |
|
Zinc |
2.2% |
2.1% |
3.1% |
3.1% |
|
Nickel |
1.8% |
1.7% |
2.9% |
2.9% |
|
Gold |
10.1% |
9.8% |
7.9% |
7.9% |
|
Silver |
2.8% |
2.7% |
2.9% |
2.9% |
|
Sugar |
4.7% |
4.7% |
3.0% |
3.0% |
|
Cotton |
2.5% |
2.4% |
2.3% |
2.3% |
|
Coffee |
3.6% |
3.6% |
3.0% |
3.0% |
|
Total |
100.0% |
100.0% |
100.0% |
100.0% |
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