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ETFS Sugar
Investment objective
ETFS Sugar (SUGAP) is an open-ended Exchange Traded Commodity (ETC) designed to track the DJ-UBS Sugar Sub-IndexSM on a total return basis.
Safety and Structure
The ETC is a debt security issued by ETFS Commodity Securities Ltd (CSL), which is ring-fenced from ETF Securities. The commodity exposure is obtained from experienced third parties (Commodity Contract Counterparties) and whose obligations are secured with Eligible Collateral covering 100% of the outstanding value. The collateral is mark to market daily and held by the collateral manager in a segregated account.
 CSL Counterparty Risk Factsheet Prospectus
Index Description
The Dow Jones-UBS Commodity IndexesSM and its different sub indexes are composed of exchange-traded commodity futures contracts rather than physical commodities and reflect the return of a rolling, fully collateralised investment in commodity futures.
DJ-UBS Commodity Indices Calculation Primer Rolling Calendar
Liquidity
ETCs trade on regulated stock exchanges like equities and their pricing and tracking operate similar to Exchange Traded Funds (ETF). ETCs are traded in three currencies (USD, EUR and GBP) by multiple market makers that can create/redeem over US$1 billion of new ETCs daily on demand.
Exchange List Market Makers List Brokers List
Daily security data
Click here for information on how NAV is determined
Click here to view the latest Euronext Amsterdam trading and price performance
Key facts
| Inception date |
December '06 |
| Management fee |
0.49% p.a. |
| Currency |
EUR |
| Minimum investment |
One security |
| Type of security |
Secured, undated, zero-coupon note |
| Taxes |
No stamp duty or SDRT |
| Index |
DJ-UBS Sugar Sub-IndexSM |
Trading information
| Exchange |
Euronext Paris |
| Exchange code |
SUGAP |
| Bloomberg code |
SUGAP FP < Equity > |
| Reuters code |
SUGAP.PA |
| SEDOL |
B1RMBJ1 |
| ISIN |
GB00B15KY658 |
Allocation
The NAV (Net Asset value) of each Individual Commodity Security is calculated in the following way: Individual Commodity Index * Multiplier / 10.
Each Individual Commodity Index is available on the following website: www.djindexes.com
The NAV of Individual Commodity Securities will be a true NAV if the relevant DJ-UBS individual commodity feed was sourced on a Pricing Day. If it is not a Pricing Day (due to Holiday or a Market Disruption Day), then the NAV shown will be an indicative NAV.
More details can be obtained on the detailed pricing page for ETFS Commodity Securities
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