PCOMWisdomTree Broad Commodities UCITS ETF - USD Acc
ISIN: IE00BKY4W1270,19%
Total expense ratio (TER)
Au 03.07.2026
29 novembre 2021
Date de lancement
392 845 383 $US
AUM du fonds
Au 03.07.2026
USD
Devise de base
Vue d'ensemble
Description du produit
The Fund seeks to track the performance, before fees and expenses of the Bloomberg Commodity Total Return Index using an innovative replication method which includes direct exposure to spot prices for the precious metals portion of the index. Learn more about the Index that PCOM is designed to track.
Pourquoi PCOM?
- Designed to track the BCOM index, which is a diversified benchmark index for broad commodity exposure
- Direct exposure to physical precious metals allows the Fund to reduce roll cost on the precious metals portion of the BCOM index, potentially improving performance versus full swap-based replication
Risques potentiels
- The returns payable on the Fund are dependent on payments received by the Fund from the swap counterparty under the terms of the relevant swap and therefore are subject to the credit risk of the swap counterparty
- The performance of commodity indices may differ significantly from spot commodity prices to which the fund may be exposed through physical replication
- An investment in commodities may experience high volatility and should be considered as a longer-term investment
- This list does not cover all risks-further risks are disclosed in the KIID and Prospectus
Articles et documents de recherche
Nitesh Shah
What’s Hot: What falling oil Inventories could mean for energy markets
Global oil inventories are falling at a record pace as the Strait of Hormuz disruption removes around 13 million barrels per day of supply. While headline inventories remain high, usable stocks are being depleted rapidly. As inventories approach operational limits, the market's ability to absorb further shocks diminishes, increasing the risk of a sharp spike in oil prices.
- Commodities
- Broad Commodities
Aneeka Gupta
Beijing Without Breakthroughs: What the Trump–Xi Summit Means for Investors
The Trump–Xi Beijing summit delivered managed stability, not structural change. Technology, critical minerals and Taiwan remain unresolved. For investors, two themes stand out: Western supply chain diversification in strategic metals and rare earths, and durable agricultural commodity exposure driven by food security and climate risk, not diplomacy.
- Broad Commodities
- Commodities
- Equities
- US
Luca Berlanda
Crude awakening: the commodity chaos of Q1
Q1 2026 was a live stress test for commodity investors: Venezuela, natural gas volatility, a violent precious-metals reversal and the Iran war all hit at once. In that backdrop, the WisdomTree Enhanced Commodity UCITS ETF (WCOA) outperformed the Bloomberg Commodity Index (BCOM) by leaning into strong commodity signals, especially in energy, while preserving broad commodity beta.
- Broad Commodities
- Commodities
Nitesh Shah
Shockwaves: How an Energy Crisis Spreads Across Commodities
 The Iran conflict may appear as an energy shock, but its impact runs much deeper. Disruptions to LNG, fertilisers and key chemical inputs are cascading through global supply chains, affecting metals and industrial production. Even if the Strait reopens, recovery will be slow, reinforcing the case for broader commodity exposure beyond oil and gas.
- Broad Commodities
- Commodities
Informations clés
| Vue d'ensemble du produit | Au 03.07.2026 |
|---|---|
| ISIN | IE00BKY4W127 |
| Classe d'actifs | Commodities |
| Devise de base | USD |
| Date de lancement | 29 novembre 2021 |
| Couvert contre le risque de change | Non |
| Fréquence de distribution | N/A |
| Utilisation des revenus | Accumulating |
| Valeur liquidative | Au 03.07.2026 |
|---|---|
| NAV | 14.771 $US |
| Variation quotidienne | 0.041 $US |
| Rendement quotidien | 0,278% |
| AUM total du fonds | 392 845 383 $US |
| AUM de l'émetteur | 16 817 813 750 $US |
Structure
| Structure | Au 03.07.2026 |
|---|---|
| Forme juridique | Irish Collective Asset-management Vehicle (ICAV) |
| Structure | Fonds négociable en bourse à capital variable |
| Méthode de réplication | Métaux précieux physiques ETC et T-Bills avec superposition de swaps |
| Domiciliation | Irlande |
| Émetteur | WisdomTree Issuer ICAV |
| Fin de l'exercice | 31 décembre |
| Conforme UCITS | Éligible |
| Informations juridiques et fiscales complémentaires | Au 03.07.2026 |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| Éligible UCITS | Yes |
| Statut de reporting UK | No |
| Éligible au PEA | No |
Prestataires de services clés
| Prestataires de services clés | Au 03.07.2026 |
|---|---|
| Dépositaire | The Bank of New York Mellon SA/NV, Dublin Branch |
| Administrateur | BNY Mellon Fund Services (Ireland) Designated Activity Company |
| Auditeur | Deloitte Ireland LLP |
| Gestionnaire de fonds | Assenagon Asset Management S.A |
| Frais | Au 03.07.2026 |
|---|---|
| Total expense ratio (TER) | 0,19% |
Pays enregistrés
Capitalisation boursière
| Capitalisation boursière | Au 03.07.2026 |
|---|---|
| Capitalisation boursière totale ($ milliers de milliards) | 21,52 |
| Répartition de la capitalisation boursière du fonds | |
| Grandes capitalisations (> 10 Md$) | 100,00% |
| Moyennes capitalisations (≥ 2 Md$ et ≤ 10 Md$) | 0,00% |
| Petites capitalisations (< 2 Md$) | 0,00% |
| Fund characteristic | Au 03.07.2026 |
|---|---|
| *Rendement du dividende | 0,88% |
| Cours/Bénéfice | 29,68 |
| Cours/Bénéfice estimé | 23,10 |
| Cours/Valeur comptable | 8,62 |
| Cours/Ventes | 5,49 |
| Cours/Flux de trésorerie | 20,84 |
| Rendement brut des rachats d'actions | 1,29% |
| Rendement net des rachats d'actions | 1,17% |
*Calculated using dividend income received. In the case of accumulating share classes, dividend income is accumulated by the fund. In the case of distributing share classes, dividend income is distributed to investors.
Cotations et codes
| Pays | Bourse | Devise de cotation | Ticker de cotation | Ticker Bloomberg | RIC | SEDOL | ISIN | WKN | Date de cotation |
|---|---|---|---|---|---|---|---|---|---|
| LSE | USD | PCOM | PCOM LN | PCOM.L | BKSCDN1 | IE00BKY4W127 | A2QSKH | 06.12.2021 | |
| LSE | GBx | COMX | COMX LN | WDCOMX.L | BKSCDP3 | IE00BKY4W127 | A2QSKH | 06.12.2021 | |
| Borsa Italiana | EUR | PCOM | PCOM IM | PCOM.MI | BKSCDQ4 | IE00BKY4W127 | A2QSKH | 10.01.2022 | |
| Xetra | EUR | PCOM | PCOM GY | PCOMG.DE | BKSCDR5 | IE00BKY4W127 | A2QSKH | 09.12.2021 | |
| Euronext (FR) | EUR | PCOM | PCOM FP | PCOM.PA | BQXMJX0 | IE00BKY4W127 | A2QSKH | 04.03.2026 | |
| SIX | USD | PCOM | PCOM SW | PCOM.S | BRS7CV6 | IE00BKY4W127 | A2QSKH | 10.07.2023 |
Distributions récentes
| Date ex-dividende | Date d'enregistrement | Date de paiement | Revenus ordinaires | Plus-values à court terme | Plus-values à long terme | Retour de capital | Distribution totale |
|---|---|---|---|---|---|---|---|
| 03.04.2025 | 04.04.2025 | 17.04.2025 | 0.00000 $US | 0.00000 $US | 0.00000 $US | 0.00000 $US | 0.00000 $US |
Index Details
Bloomberg Commodities IndexSM
Bloomberg Commodity Index
The Bloomberg Commodity Index (“BCOM” or the “Index”) is designed to be a highly liquid and diversified benchmark for commodity investments. BCOM provides broad-based exposure to commodities, and no single commodity or commodity sector dominates the Index. Rather than being driven by micro-economic events affecting one commodity market or sector, the diversified commodity exposure of BCOM potentially reduces volatility in comparison with non-diversified commodity investments. The Index covers 4 broad commodity sectors: Energy, Agriculture, Industrial Metals and Precious Metals.
Currently, the Index is made up of commodity futures contracts weighted to account for economic significance and market liquidity. BCOM is rebalanced annually on a price-percentage basis to maintain diversified commodities exposure over time.
| Index Details | |
|---|---|
| Index Name | Bloomberg Commodities IndexSM |
| Currency | USD |
| Index Provider | Bloomberg |
| Bloomberg Ticker | BCOMTR |
| Securities | 03.07.2026 |
|---|---|
| Gold | 14,71% |
| Brent Crude | 9,49% |
| WTI Crude Oil | 7,92% |
| Copper | 6,00% |
| Natural Gas | 5,24% |
| Soybeans | 5,19% |
| Silver | 4,83% |
| Gasoil | 4,48% |
| Corn | 4,12% |
| Soybean Oil | 4,01% |
| Aluminium | 3,95% |
| Live Cattle | 3,82% |
| Heating Oil | 3,41% |
| Unleaded Gasoline | 2,85% |
| Soybean Meal | 2,60% |
| Coffee | 2,51% |
| Chicago Wheat | 2,46% |
| Sugar | 2,29% |
| Zinc | 2,29% |
| Nickel | 1,88% |
| Kansas Wheat | 1,67% |
| Lean Hogs | 1,44% |
| Cotton | 1,40% |
| Cocoa | 0,72% |
| Lead | 0,71% |
Documents and Links
Responsible Investing
SFDR Disclosure
The EU Sustainable Finance Disclosures Regulation (SFDR) took effect on 10 March 2021 as part of the EU Action Plan on Sustainable Finance. The SFDR lays down harmonised sustainability related disclosure rules for EU financial market participants and advisors and requires certain sustainability disclosures to be made for financial products which promote environmental or social characteristics (Article 8 SFDR) and funds which have a sustainable investment objective (Article 9 SFDR).
There are different SFDR product categorisations for these sustainability disclosure requirements:
+ Article 6 products: require disclosures relating to the manner in which sustainability risks are integrated into the decision-making process.
+ Article 8 products: promote, among other characteristics, environmental or social characteristics or a combination of those characteristics, provided that the companies in which the investments are made follow good governance practices.
+ Article 9 products: have sustainable investment as their objective
Please refer to EU regulation guidelines for more details: https://www.esma.europa.eu/sections/sustainable-finance
SFDR categorisations | |
|---|---|
SFDR Disclosure | Article 6 |
Collateral Details
Collateral Structure
Replicating Exposure to Commodities Through a Swap
The Fund aims to track the Bloomberg Commodity Index (the “Index”). The Fund gains indirect exposure to the energy, agriculture and industrial metals constituents of the Index through the use of swaps on a version of the Index which excludes precious metals, namely the Bloomberg Commodity ex-Precious Metals Index. The Fund also invests into exchange traded notes or certificates that are listed or traded on a Regulated Market in order to gain indirect exposure to the precious metal components of the Index. The Fund also holds a portfolio of short-term US T-bills.
Structure Diagram
Counterparty Risk Management
Counterparty risk is primarily managed through the daily exchange of collateral between the Fund and its swap provider(s) (also referred to as the swap counterparty).
The value of the collateral required is based on a daily calculation of counterparty exposure using the prior day’s mark-to-market of the swaps and any unsettled cash flowing between the Fund and the swap provider.
Assets posted as collateral may only include cash (US Dollars only) or government bonds of US, UK, France or Germany, with a minimum rating of AA-/Aa3 (“eligible collateral assets”). When valuing the bonds posted as collateral, a haircut is applied to each bond's value based on the issuing country and the bond's maturity. Applying a haircut to the value of eligible collateral typically results in the collateral value exceeding the counterparty exposure and in any exposure being “over-collateralised”.
Documents
Produit
KID
Index
Prospectus
Réglementaire
Autres liens et documents
AVERTISSEMENTS
The products discussed in this document are issued by WisdomTree Issuer ICAV (“WT Issuer”). WT Issuer is an umbrella investment company with variable capital having segregated liability between its funds organised under the laws of Ireland as an Irish Collective Asset-management Vehicle and authorised by the Central Bank of Ireland (“CBI”). WT Issuer is organised as an Undertaking for Collective Investment in Transferable Securities (“UCITS”) under the laws of Ireland and shall issue a separate class of shares ("Shares”) representing each fund.
The Fund is described in a Key Information Document (KID) or Key Investor Information Document (KIID) for UK investors, and the prospectus of WT Issuer (“WT Prospectus”). A copy of the WT Prospectus and the KID / KIID is available, for EEA/UK only, in English at www.wisdomtree.com . Where required under national rules, the KID will also be available in the local language of the relevant EEA Member State. Investors should read the WT Prospectus before investing and should refer to the section of the WT Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the Shares.
The summary of investor rights associated with an investment in the fund is available in English on WisdomTree Europe’s website. WisdomTree Management Limited may decide to terminate the arrangements made for the marketing of its collective investment undertakings. In such circumstances, shareholders in the affected EEA Member State will be notified of this decision and will be provided with the opportunity to redeem their shareholding in the fund free of any charges or deductions for at least 30 working days from the date of such notification.
“Bloomberg®” and the Bloomberg Commodity Index(es)SM referenced herein are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the indices (collectively, “Bloomberg”) and have been licensed for use for certain purposes by WisdomTree UK Limited and its permitted affiliates including WisdomTree Management Limited and WisdomTree Issuer ICAV (together, WisdomTree). Bloomberg is not affiliated with WisdomTree, and Bloomberg does not approve, endorse, review, or recommend the WisdomTree Broad Commodities UCITS ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the index(es).