WisdomTree Gold 2x Daily Leveraged ETC

WisdomTree Gold 2x Daily Leveraged is a fully collateralised Exchange Traded Commodity (ETC) structured as a debt security, designed to deliver 2x leveraged daily exposure to the Bloomberg Gold Subindex Excess Return. This index tracks the performance of gold futures contracts from the Bloomberg Commodity Index, continuously rolled on a pre-determined schedule, providing magnified returns—and losses—relative to gold price movements on a daily basis. Employing synthetic replication through fully funded collateralised swaps with counterparties like Citigroup Global Markets Limited and Merrill Lynch International, it holds physical collateral such as government bonds in segregated accounts managed by The Bank of New York Mellon to mitigate counterparty risk. Domiciled in Jersey with a base currency in USD and unhedged against currency fluctuations, the ETC features a management expense ratio of 0.98% and a daily swap rate of 0.003562%, ensuring transparent fees without requirements for physical gold storage or delivery. Launched in March 2008 and issued by WisdomTree Commodity Securities Limited, it offers liquidity through exchange trading and authorised participants, targeting sophisticated investors aware of daily rebalancing, compounding effects, and suitability for short-term strategies within commodities markets.