WisdomTree Coffee (COFF.L) is a fully collateralised, UCITS-eligible exchange traded commodity (ETC) that provides investors with total return exposure to coffee futures contracts by tracking the Bloomberg Commodity Coffee Subindex 4W Total Return (BCOMKC4T); it employs synthetic replication via fully funded collateralised swaps with counterparties including Citigroup Global Markets Limited and Merrill Lynch International, backed by collateral primarily in US and European government bonds held at The Bank of New York Mellon. Issued by WisdomTree Commodity Securities Limited, the ETC offers a management expense ratio of 0.49% and an annual swap rate of approximately 0.45%, with no physical delivery of coffee and limited recourse to the issuer domiciled in Jersey. Launched on September 27, 2006, and listed on the London Stock Exchange, it targets investors seeking commodity exposure without the need to manage storage, insurance, or delivery, while operating globally through WisdomTree's platform headquartered in New York.
The product serves institutional and retail investors in the commodities sector, focusing on coffee as a single-commodity investment vehicle within the broader agricultural futures market; it accumulates returns without distributions and remains unhedged against USD currency risk. WisdomTree, the fund provider, supports trading via multiple authorised participants and market makers for liquidity on exchanges including London. As part of WisdomTree's commodity ETP suite, it benefits from the parent's global distribution network across North America, Europe, and other regions.