[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-565325-105":3,"doc-detail-565325-en":81,"detail-sidebar-cat-1-en-105":98},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","wisdomtree-copper-copa-investment-objective-and-product-factsheet","WisdomTree Copper - COPA - Investment objective and product factsheet","","WisdomTree Copper (COPA) is a fully collateralised, UCITS-eligible ETC designed to deliver total return exposure to Copper futures by tracking the Bloomberg Commodity Copper Subindex 4W Total Return Index (BCOMHG4T). The ETC replicates index performance by tracking the Bloomberg Copper Sub Excess Return Index and adjusting for interest, fees and costs. Performance is shown net of fees, alongside calendar-year and rolling 12-month returns. The document also details product terms, fees, replication method, index construction, and key risk references via the Prospectus and KID.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/general/","General",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/wisdomtree-copper-copa-investment-objective-and-product-factsheet/565325/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/wisdomtree-copper-copa-investment-objective-and-product-factsheet/565325.png","ImageObject",442,249,{"name":42,"@type":43},"Danger Angel","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-31","2026-10-13",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",5,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What is the investment objective of WisdomTree Copper (COPA)?","Question",{"text":63,"@type":64},"It targets total return exposure to Copper futures by replicating the Bloomberg Commodity Copper Subindex 4W Total Return Index, adjusted for interest plus fees and costs.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How does the index maintain continuous Copper exposure?",{"text":68,"@type":64},"It uses continuously rolled futures contracts on a predetermined schedule, disposing contracts before expiry and entering new ones to avoid physical delivery.",{"name":70,"@type":61,"acceptedAnswer":71},"What is roll yield and how can it affect returns?",{"text":72,"@type":64},"Roll yield is the price difference between contracts bought and sold during rolling; contango can create a negative impact and backwardation a positive one, affecting index—and thus ETC—value.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},565325,1792095968,{"code":4,"msg":82,"data":83},"success",{"doc_id":79,"user_id":84,"nickname":42,"user_avatar":85,"doc_module":22,"category_id":86,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":87,"file_id":88,"file_url":89,"file_type":90,"file_size":91,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":92,"language":93,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":94,"faqs":95,"seo_title":96,"seo_description":12,"update_tm":97,"read_time":26},962090769052,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc",158,"[WisdomTree.eu](WisdomTree.eu)  \n+44 (0) 207 448 4330 Document Date: 31/08/2026  \nCOPA  \nWisdomTree Copper  \nInvestment Objective  \nWisdomTree Copper is a fully collateralised, UCITS eligible Exchange Traded Commodity (ETC) designed to provide investors with a total return exposure to Copper futures contracts. The ETC aims to replicate the Bloomberg Commodity Copper Subindex 4W Total Return Index (BCOMHG4T) by tracking the Bloomberg Copper Sub Excess Return Index and providing the interest revenue adjusted to reflect fees and costs associated with the product. For example, if the Bloomberg Commodity Copper Subindex 4W Total Return Index rises by 1% over a day, then the ETC will rise by 1%, excluding fees. However if the Bloomberg Commodity Copper Subindex 4W Total Return Index falls by 1% over a day, then the ETC will fall by 1%, excluding fees.  \nIndex Description  \nThe Index is designed to reflect the movement in the price of the copper futures contracts (that are continuously rolled on a pre-determined rolling schedule) used in the Bloomberg Commodity IndexSM. A futures contract is an agreement to purchase a commodity at an agreed price, with delivery and payment to take place at a specified point in the future. Futures contracts are generally disposed of just before the term of the contract expires and new contracts entered into in order to avoid taking actual delivery of the commodity in question (a process known as'rolling'), so that continuous exposure to the commodity is maintained. The contracts being purchased may be more expensive than the contracts being sold which would cause an investor in commodity futures to make an additional loss. This market trend is known as 'contango' . Alternatively the contracts being purchased may be cheaper than the ones being sold which would result in an additional gain, known as 'backwardation' . This price difference is commonly referred to as \"roll yield\" . As the roll yield is incorporated into the calculation of the value of the Index, it may therefore have a positive or negative impact on the value of the Index depending on whether there is contango or backwardation. The ETC will also be affected as its value is based upon the value of the Index.  \nPerformance (Net of fees) (USD)  \n\n| Name | QTR | YTD | 1-Year | 3-Year | Inception Date |\n| --- | --- | --- | --- | --- | --- |\n| COPA NAV | 2.83% | 14.53% | 41.19% | 18.77% | 1.71% |\n| Bloomberg Commodity Copper Subindex 4W Total Return | 3.10% | 15.31% | 42.61% | 19.91% | 2.68% |\n\nSource: WisdomTree UK, Bloomberg, as of 31/08/2026 . Performance for the fund and the Index is shown in the listing currency. Past performance is not a reliable indicator of future results. Performance of less than one year is cumulative.  \nProduct Information  \n\n| Asset Class | Commodities |\n| --- | --- |\n| ISIN | GB00B15KXQ89 |\n| Base Currency | USD |\n| Inception Date | 22/09/2006 |\n| Currency Hedged | No |\n| Management Fee | 0.49% |\n| Annual Swap Rate | 0.45% |\n| Domicile | Jersey |\n| Legal Form / Structure | Debt security / ETC |\n| Replication Method | Synthetic-fully funded collateralised swap |\n| UCITS Eligible | Yes |\n| UCITS Compliant | No |\n| ISA Eligible | Yes |\n| SIPP Eligible | Yes |\n| UK Fund Reporting Status | Yes |\n| Passporting | AT, BE, DE, DK, ES, FI, FR, GB, IE, IT, LU, NL, NO, PL, SE |\n| Use of Income | N/A |\n| Issuers | WisdomTree Commodity Securities Limited |\n| Trustee | The Law Debenture Trust Corporation p.l.c. |\n| Collateral Administrator\u003Cbr>The Bank of New York Mellon |  |\n\nIndex Information  \n\n| Index | Bloomberg Commodity Copper Subindex 4W Total Return |\n| --- | --- |\n| Index Provider | Bloomberg |\n| Index Currency | USD |\n| Index Bloomberg Code | BCOMHG4T |\n\nThis document is marketing material. Investors should read the prospectus of the Issuer (“Prospectus”) and the key information document (“KID”) before investing and should refer to the section of the Prospectus titled ‘Risk Factors’for further details of risks associate","cbCailMUIoz5Rj3Y","https://ap.wps.com/l/cbCailMUIoz5Rj3Y","pdf",154018,6,"English","# Investment Objective\n## Index Description and Roll Yield\n## Performance (Net of Fees)\n## Product Information\n## Index Information\n## Potential Benefits and Risk Management","[{\"question\":\"What is the investment objective of WisdomTree Copper (COPA)?\",\"answer\":\"It targets total return exposure to Copper futures by replicating the Bloomberg Commodity Copper Subindex 4W Total Return Index, adjusted for interest plus fees and costs.\"},{\"question\":\"How does the index maintain continuous Copper exposure?\",\"answer\":\"It uses continuously rolled futures contracts on a predetermined schedule, disposing contracts before expiry and entering new ones to avoid physical delivery.\"},{\"question\":\"What is roll yield and how can it affect returns?\",\"answer\":\"Roll yield is the price difference between contracts bought and sold during rolling; contango can create a negative impact and backwardation a positive one, affecting index—and thus ETC—value.\"}]","WisdomTree Copper - COPA - Investment objective and product factsheet | PDF",1791851395,{"code":4,"msg":82,"data":99},[100,105,110,115,120,125,130,135,139],{"id":101,"doc_module":22,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},11,"Presentations",90,"presentations",{"id":106,"doc_module":22,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},12,"Resumes",80,"resumes",{"id":111,"doc_module":22,"doc_module_name":25,"category_name":112,"show_sort_weight":113,"slug":114},14,"Invoices",70,"invoices",{"id":116,"doc_module":22,"doc_module_name":25,"category_name":117,"show_sort_weight":118,"slug":119},15,"Posters",60,"posters",{"id":121,"doc_module":22,"doc_module_name":25,"category_name":122,"show_sort_weight":123,"slug":124},16,"Social Media",50,"social-media",{"id":126,"doc_module":22,"doc_module_name":25,"category_name":127,"show_sort_weight":128,"slug":129},17,"Forms",40,"forms",{"id":131,"doc_module":22,"doc_module_name":25,"category_name":132,"show_sort_weight":133,"slug":134},18,"Letters",30,"letters",{"id":136,"doc_module":22,"doc_module_name":25,"category_name":137,"show_sort_weight":55,"slug":138},21,"Paper Templates","papers-templates",{"id":86,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":4,"slug":140},"general-158"]