WisdomTree Brent Crude Oil Longer Dated
FBRT.L
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- WisdomTree Brent Crude Oil Longer Dated (FBRT.L) is a fully collateralised, UCITS-eligible exchange traded commodity (ETC) issued by WisdomTree Commodity Securities Limited that provides investors with total return exposure to Brent Crude Oil futures contracts by synthetically replicating the Bloomberg Commodity Brent Crude Subindex 3 Month Forward 4W Total Return Index (BCMCO3T4); it employs fully funded collateralised swaps backed by cash or transferable securities held with The Bank of New York Mellon as collateral administrator, delivering performance linked to the underlying index's excess return plus collateral yield adjusted for fees of 0.49% annually, while mitigating physical delivery risks through continuous rolling of futures contracts three months forward. The product offers targeted commodities-energy sector access for institutional and retail investors seeking diversified exposure to crude oil price movements, including roll yield effects from contango or backwardation, without direct ownership of the commodity; it accumulates income and trades daily on exchanges such as the London Stock Exchange (USD ticker: FBRT), Xetra (EUR ticker: OOEB), with listings across Europe including Austria, Belgium, Germany, France, Italy, the Netherlands, Spain, the United Kingdom, and others. Domiciled in Jersey with ISIN JE00B78CP782, the ETC launched on February 22, 2012 (initial listings from February 2012), and maintains a compact fund size of approximately GBP 618,000 as of recent data, managed through a trustee structure with The Law Debenture Trust Corporation p.l.c. WisdomTree Commodity Securities Limited, the issuer and a subsidiary within the WisdomTree group--a global financial innovator headquartered in New York and founded in 1985--specialises in commodity ETPs and ETCs across energy, metals, agriculture, and broader indices; it operates under Jersey Financial Services Commission regulation, issuing secured debt instruments rather than UCITS funds, with synthetic replication via swaps from counterparties and full collateralisation to limit investor losses to the principal amount invested. The broader WisdomTree platform supports geographic reach in North America, EMEA (London, Dublin, Milan), and beyond, serving professional investors through transparent, exchange-traded products focused on commodities, equities, fixed income, currencies, and alternatives. Recent developments include the issuer's parent WisdomTree completing its acquisition of Ceres Partners, LLC--a U.S. farmland investment manager--in October 2025 for up to $500 million, marking entry into private real assets with strategies in farmland, solar leasing, AI data infrastructure, and water rights to diversify beyond ETPs amid structural growth in private markets; additionally, WisdomTree launched a Value UCITS ETF range in December 2025 targeting global, European, and U.S. equities with shareholder yield methodologies and TERs of 0.20%-0.25%, complementing existing smart-beta offerings, alongside routine index reconstitutions for commodity and thematic strategies. No specific product launches or reorganisations directly affect FBRT.L in the past 1-2 years, though ongoing enhancements to WisdomTree's commodity suite, including admissions for related short Brent Crude instruments in December 2025, underscore sustained focus on energy commodity exposures.