WCCA/WCCPWisdomTree California Carbon
ISIN: JE00BNG8LN890.49%
Management Fee (MER)
As of 03/07/2026
13 April 2023
Inception Date
US$9,143,938
Fund AUM
As of 03/07/2026
USD
Base currency
Overview
Product Description
WisdomTree California Carbon is a fully collateralised, UCITS eligible Exchange Traded Commodity (ETC) designed to provide investors with a total return exposure to Carbon futures contracts. The ETC aims to replicate the Solactive California Carbon Rolling Futures Total Return Index (SOLCCATR) by tracking the Solactive California Carbon Rolling Futures Excess Return Index and providing the interest revenue adjusted to reflect fees and costs associated with the product. For example, if the Solactive California Carbon Rolling Futures Total Return Index rises by 1% over a day, then the ETC will rise by 1%, excluding fees. However if the Solactive California Carbon Rolling Futures Total Return Index falls by 1% over a day, then the ETC will fall by 1%, excluding fees.
Why WCCA/WCCP?
- Gain exposure to the performance of Carbon.
- UCITS eligible and fully collateralised.
- Transparent performance and fees.
- Easy to invest: Everything in one product which does not require the investor to manage storage, insurance or delivery of Carbon.
- Risk Management: You cannot lose more than the amount invested.
- Liquidity: Trades on exchange, with multiple authorised participants (APs) and market makers (MMs).
Potential Risks
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The value of securities in this ETP is directly affected by increases and decreases in the value of the Index. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the performance of the Index.
- Counterparty risk: The Issuer is reliant on there being swap counterparties available to enter into swap agreements on a continuing basis and, if no swap counterparties are willing to do so, the ETP will not be able to achieve its investment policy of tracking the performance of the Index.
- Credit Risk: The Issuer is subject to the risk that third party service providers may fail to return property or collateral belonging to the Issuer or pay money due to the issuer. The ETP 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. In the event a swap counterparty defaults, the proceeds from realisation of the collateral may be less than what the investor expects. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www. Wisdomtree. Com).
- The performance of commodity indices may differ significantly from spot commodity prices, which are often quoted in the financial press, as the spot in itself is not investable. An investment in commodities may experience high volatility and should be considered as a longer term investment.
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Articles and Research Papers
Nitesh Shah
What's Hot: Europe's record heatwave: Climate, cooling and commodity impacts
Related Products WisdomTree European Natural Gas, WisdomTree Carbon Find out more Over the past week, Europe has endured an intense and widespread heatwave, bringing record-breaking temperatures,...
- Commodities
- Carbon
Nitesh Shah
What's Hot: European Union Allowances ripe for a short-covering rally
Related Products WisdomTree Carbon Find out more The front December European Union Allowance (EUA) futures contract has fallen from a peak of €105/tonne on 27/02/2023 to €56/tonne on 27/02/2024. As...
- Carbon
- Commodities
- Energy Transition
Nitesh Shah
Looking for a free lunch? Consider putting carbon in your portfolio.
The Nobel Prize laureate, economist Harry Markowitz, is reported to have said, “diversification is the only free lunch” in investing. His seminal work in portfolio optimisation in 1952 1 highlighted...
- Carbon
- Commodities
Nitesh Shah
What’s Hot: Fit for 55 on the cusp of becoming law
On Tuesday 18th April 2023, the European Union Parliament approved key components of the ‘Fit for 55’ legislative package designed to reduce greenhouse gas emissions by 55% by 2030 relative to 1990...
- Carbon
- Commodities
- Energy Transition
Fund Overview
| Product Overview | As of 03/07/2026 |
|---|---|
| ISIN | JE00BNG8LN89 |
| Asset Class | Commodities |
| Base Currency | USD |
| Inception Date | 13 April 2023 |
| Currency Hedged | No – this product is not protected against adverse currency movements |
| Physical Delivery | No |
| Underlying exposure | Carbon |
| Leverage Factor | N/A |
| Net Asset Value | As of 03/07/2026 |
|---|---|
| NAV | US$29.652 |
| Daily Change | US$0.000 |
| Daily return | 0.000% |
| Total AUM of fund | US$9,143,938 |
| Issuer AUM | US$8,771,748,964 |
| Shares Outstanding | 308,379 |
Structure
| Structure | As of 03/07/2026 |
|---|---|
| Legal Form | Debt security |
| Legal Structure | ETC |
| Replication Method | Synthetic (Fully funded collateralised swap) |
| Domicile | Jersey |
| Further Legal and Tax Information | As of 03/07/2026 |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| UCITS Eligible | Yes |
| UK Reporting Status | Yes |
Key Service Providers
| Key Service Providers | As of 03/07/2026 |
|---|---|
| Issuer | WisdomTree Commodity Securities Limited |
| Counterparty | Citigroup Global Markets Limited, Merrill Lynch International |
| Trustee | The Law Debenture Trust Corporation p.l.c. |
| Registrar | Computershare Investor Services (Jersey) Ltd |
| Collateral Manager | The Bank of New York Mellon |
| Fees | As of 03/07/2026 |
|---|---|
| Management Fee (MER) | 0.49% |
| Annual Swap Rate | 0.45% |
Passported Countries
Listings & Codes
| Country | Exchange | Trading Currency | Exchange Ticker | Bloomberg Ticker | RIC | SEDOL | ISIN | WKN | Settlement Period | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| LSE | USD | WCCA | WCCA LN | WCCA.L | BNG8LN8 | JE00BNG8LN89 | A3G4JY | T + 2 | 19/04/2023 | |
| LSE | GBx | WCCP | WCCP LN | WCCP.L | BPJLYY0 | JE00BNG8LN89 | A3G4JY | T + 2 | 19/04/2023 | |
| Borsa Italiana | EUR | WCCA | WCCA IM | WCCA.MI | BQXJ555 | JE00BNG8LN89 | A3G4JY | T + 2 | 19/04/2023 | |
| Xetra | EUR | WCCA | WCCA GY | WCCA.DE | BQXJ566 | JE00BNG8LN89 | A3G4JY | T + 2 | 20/04/2023 |
Index Details
Solactive California Carbon Rolling Futures Total Return Index
Solactive California Carbon Rolling Futures TR Index is designed to reflect the movement in the price of the California Carbon Allowance futures contract. The index measures total return performance based on the futures price performance, the roll return, and the return of cash collateral such as United States Secured Overnight Financing Rate (SOFR).
| Index Details | |
|---|---|
| Index Name | Solactive California Carbon Rolling Futures Total Return Index |
| Currency | USD |
| Index Provider | Solactive |
| Bloomberg Ticker | SOLCCATR |
| Reuters Index Ticker | .SOLCCATR |
| Index Website | https://www.solactive.com/indices/?se=1&index=DE000SL0GUA9 |
| Index Constituent Count | 1 |
| Securities | 03/07/2026 |
|---|---|
| Solactive California Carbon Rolling Futures Total Return | 100.00% |
Collateral Details
| Incorporated Country | Weight |
|---|---|
| UNITED STATES | 50.27% |
| AUSTRIA | 15.98% |
| NETHERLANDS | 15.12% |
| GERMANY | 9.72% |
| FINLAND | 8.91% |
| Currency | Weight |
|---|---|
| US Dollar | 50.27% |
| Euro | 49.73% |
Top 20 Fund Collateral
| Fund | Weight |
|---|---|
| 4 3/8 NOTE C 34 | 11.71% |
| 0 7/8 NOTE F 30 | 6.09% |
| NETHERLANDS GOVERN 2.5 15JAN31 144A | 5.01% |
| BILL 07/28/26 | 4.37% |
| 2 1/4 BOND 52 | 4.30% |
| REPUBLIC OF AUSTRI 3.2 20FEB36 144A | 4.19% |
| NETHERLANDS GOVERN 2.5 15JAN30 144A | 3.71% |
| BILL 10/29/26 | 3.56% |
| 2 3/4 NOTE E 32 | 3.45% |
| REPUBLIC OF AUSTRI 0.5 20FEB29 144A | 3.39% |
| NETHERLANDS GOVERN 0.0 15JUL30 144A | 2.98% |
| REPUBLIC OF AUSTRI 0.0 20FEB31 144A | 2.77% |
| REPUBLIC OF AUSTRI 2.9 20FEB33 144A | 2.40% |
| FINLAND GOVERNMENT 3.0 15SEP34 144A | 2.35% |
| 1 7/8 NOTE B 32 | 2.28% |
| FINLAND GOVERNMEN 2.75 04JUL28 144A | 2.12% |
| 2 3/8 BOND 42 | 2.01% |
| BUNDESREPUBLIK DEUTSCH 4.75 04JUL40 | 1.84% |
| 0 5/8 TRIN D 32 | 1.57% |
| 2 7/8 BOND 52 | 1.47% |
Documents
Product
Collateral
KID
Prospectus
Reports and Regulatory
DISCLAIMERS
The products discussed in this document are issued by WisdomTree Commodity SecuritiesLimited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.
Securities issued by the Issuer are direct, limited recourse obligations of the relevant Issuer alone and are not obligations of or guaranteed by Citigroup Global Markets Limited (“CGML”), Citigroup Global Markets Holdings Inc. (“CGMH”), Merrill Lynch International ("MLI"), Bank of America Corporation ("BAC") or any of their affiliates. Each of CGML, CGMH, MLI and BAC disclaim all and any liability whether arising in tort, contract or otherwise which they might have in respect of this document or its contents otherwise arising in connection herewith.
Solactive AG ("Solactive") is the licensor of the Solactive California Carbon Rolling Futures ER Index (the "Index"). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive reserves the right to change the methods of calculation or publication with respect to the Index. Solactive shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of the Index.