WisdomTree's broad commodity ETF, one of 14 WisdomTree commodity products listed in Tokyo, was carrying 8,306,523 units and ¥19.31bn ($119.31mn) in assets at the latest daily snapshot. Its per-unit asset value was ¥2,324 ($14.36), and the gap between that daily move and the move in its referenced index was -0.06%.
| Metric | Value |
|---|---|
| Units outstanding | 8,306,523 |
| Total assets | ¥19.31bn ($119.31mn) |
| Per-unit asset value | ¥2,324 ($14.36) |
| Daily gap vs referenced index move | -0.06% |
| FX rate used for yen translation | ¥161.81 per $1 |
How the value is built
The source gives the fund's units, assets and per-unit asset value as of midnight Japan time on June 25, equivalent to 4pm London on June 24. It also says the index value used for the calculation is confirmed only after the relevant US futures market has closed, and that the yen translation uses a Bloomberg dollar-yen rate of ¥161.81 per dollar at 6am Japan time, 5pm New York. For overseas readers, that means a Tokyo-listed product whose official daily value is assembled across three markets and two currencies.
Roll yield is part of the product
The disclosure also devotes a section to what happens when the index has to roll expiring futures contracts into later-dated ones. In backwardation, that roll can generate gains. In contango, it can cut returns. The source also cautions that neither label is automatic, because realised roll yield depends on the actual shape of the futures curve. That is a useful reminder that the product's performance can diverge from a simple read on spot commodity prices.
A 14-fund line-up
The disclosure covers 14 Tokyo-listed WisdomTree commodity ETFs, spanning broad commodities, energy, industrial metals, agriculture, grains, gas, WTI crude, gasoline, soybean, aluminium, copper, nickel, wheat and corn. Among the figures shown, the energy product had 26,909,523 units outstanding and ¥19.02bn in assets at the same reporting point. The read-through is straightforward: on this date the broad fund tracked its reference closely, but the package still combines benchmark tracking, futures-roll exposure and dollar-yen translation in one Japan-listed wrapper. For non-Japan readers, the listing venue and the valuation clocks are not the same thing.