| Date | Fund AUM | NAV | ISIN Code |
| 17/06/19 | 48 347 880€ | 66.394€ | LU0876440578 |
| Date | Fund AUM | NAV | Reference index level | Currency | ISIN Code | TER |
| 17/06/19 | 48 347 880€ | 66.394€ | 68.08 | EUR | LU0876440578 | 0.45% |
- Introduction
- Characteristics
- Exposure
- Performances
- Composition
The investment objective of the Fund is to replicate, before the Fund's fees and expenses, the performance of the Risk Weighted Enhanced Commodity Ex. Grains Index TR at closing level. The Index is created by Société Générale, calculated and published by Standard & Poor's.
The Risk Weighted Enhanced Commodity Ex Grains Index TR* provides investors with a systematic long-only exposure to a diversified basket of futures commodities contracts (excluding Grains) aiming at reducing volatility. Created by Société Générale (the Index Sponsor) and S&P (the Index Provider) the index intends to obtain a portfolio that includes a selection of 20 commodities** weighted inversely proportionally to their risk level. The allocation gives more weights to the least volatile commodity, allowing for significant risk reduction and better diversification. The strategy provides additional benefits thanks to an enhanced roll mechanism which aims at reducing costs of rolling positions on the individual commodity futures contracts when in contango or benefiting from backwardation. The constituents are rebalanced on a monthly basis by S&P, which calculates and publishes on a real time and end of day basis the Risk Weighted Enhanced Commodity Ex Grains Index TR.
The Euro share class of the Fund is denominated in a currency different to that of the index that it tracks, which means that exchange rate fluctuations could have a negative effect on returns.
* TR, means total Return, the index methodology includes interests generated by a fully collateralized investment in 3 months US T-bill.
** Portfolio constitutents are sub-indices of S&P GSCI Enhanced and Dynamic indices on individual commodities.
| Inception date | 05/07/2013 |
| Legal form | Luxembourg SICAV |
| Listing place | Bourse de Luxembourg |
| UCITS IV | Yes |
| Currency | EUR (not hedged against FX risk) |
| TER | 0.45% |
| Minimum investment | 1 unit |
| Parity | 1 |
| Dividends | Accumulating |
| Replication type | Synthetic (unfunded swap) |
| Country(ies) of registration | Luxembourg, France, Germany, Italy, Switzerland, United Kingdon |
| Cut off time | 4:00 pm (Luxembourg) |
| Investment manager | Ossiam |
| Management company | Ossiam |
| Liquidity provider | Société Générale |
| Information and paying agent | State Street Bank Luxembourg S.A. |
| Depositary / Administrative Agent | State Street Bank Luxembourg S.A. |
| Auditor | PricewaterhouseCoopers SARL |
| Authorized Participants | See section : Partners |
| Name of the reference index | ISIN Code |
| Risk Weighted Enhanced Commodity Ex. Grains Index TR |
| Name of the reference index | ISIN Code | Reuters RIC | Bloomberg Ticker | Methodology |
| Risk Weighted Enhanced Commodity Ex. Grains Index TR | .OCMDRWT | OCMDRWT |
The Risk Weighted Enhanced Commodity Ex Grains Index TR* provides investors with a systematic long-only exposure to a diversified basket of futures commodities contracts (excluding Grains) aiming at reducing volatility. Created by Société Générale (the Index Sponsor) and S&P (the Index Provider) the index intends to obtain a portfolio that includes a selection of 20 commodities** weighted inversely proportionally to their risk level. The allocation gives more weights to the least volatile commodity, allowing for significant risk reduction and better diversification. The strategy provides additional benefits thanks to an enhanced roll mechanism which aims at reducing costs of rolling positions on the individual commodity futures contracts when in contango or benefiting from backwardation. The constituents are rebalanced on a monthly basis by S&P, which calculates and publishes on a real time and end of day basis the Risk Weighted Enhanced Commodity Ex Grains Index TR.
* TR, means total Return, the index methodology includes interests generated by a fully collateralized investment in 3 months US T-bill.
** Portfolio constitutents are sub-indices of S&P GSCI Enhanced and Dynamic indices on individual commodities.
Please note that the Investment Universe for the Risk Weighted Enhanced Commodity Ex Grains Index TR is the S&P GSCI Index TR (bloomberg SPGSCITR Index). The Euro share class of the Fund is denominated in a currency different to that of the index that it tracks, which means that exchange rate fluctuations could have a negative effect on returns.
Source: Standard & Poor's - Calculation by Ossiam
 |
Important information |
Ossiam Lux (the SICAV) is organized as an investment company with variable capital under the laws of the Grand-Duchy of Luxembourg and was approved by the Luxembourg market authority CSSF on 22/04/2011 under the Visa 2011/74085-7020-0-PC.Prior to 20 May 2016, NGAM S.A. acted as Management Company of the SICAV. Effective as of 20 May 2016, the SICAV has appointed Ossiam as its management company, responsible for the investment management, administration and distribution of the SICAV. The management company has appointed State Street Luxembourg as Administrative Agent, Paying Agent, Domiciliary and Corporate Agent, Registrar and Transfer Agent of the SICAV.Ossiam, a subsidiary of Natixis Global Asset Management, is a French asset manager authorized by the Autorité des Marchés Financiers (Agreement No. GP-10000016). Although information contained herein is from sources believed to be reliable, Ossiam makes no representation or warranty regarding the accuracy of any information of which it is not the source. The information presented in this page is based on market data at a given moment and may change from time to time. The risks associated with the Fund and the Index are detailed in the « General Risk Considerations » section of the Prospectus, available in English on www.ossiam.com. Investments decision should only be made on the basis of the Prospectus. Investors should also be well informed about the main characteristics of the Index (number of stocks, sector and or country breakdown, past evolution…) in order to have an overview of the risks and opportunities related to an exposure to the Index. Some degree of performance difference between OSSIAM ETF product and the underlying index is to be expected as a result of index replication costs and tracking error. The sub-fund shown on this page is not registered or authorized in all jurisdictions and may not be available to all investors in a jurisdiction. Accordingly, if investors have any questions about the registration or authorization of the sub-fund referenced on this page, they should contact the Management Company or Investment Manager for further information. Any investment in or distribution of the sub-fund referenced herein would only be possible if it was in compliance with all applicable laws and regulations, including, but not limited to obtaining any required registrations. The Risk Weighted Enhanced Commodity Ex. Grains Index Total Return USD (the "Index") is the property of Société Générale and is used under license. Subject to any applicable law, Société Générale does not guarantee the accuracy and/or the completeness of the composition, calculation, dissemination and adjustment of the Index, nor of the data included therein and Société Générale may not be held responsible for any consequences, including financial consequences, resulting from the investment in a product having the Index as underlying. The market information displayed in this document is based on data at a given moment and the levels of the Index do not represent a valuation or a price for any product referencing such Index. Investors must proceed, prior to investing in a product having the Index as underlying, to their own analysis by seeking, as the case may be, the advice of their own advisors. It is each investor's responsibility to ascertain that it is authorised to conclude, or invest into, any product linked to this Index. The index rules (the "Index Rules") define the methodology for determining the composition and the calculation of the Index and the consequences on this Index of extraordinary events which may affect one or several of the underlying instruments on which it is based. Clients invested in a product having the Index as underlying may receive a summary of the Index Rules upon written request made to Société Générale. Société Générale reserves the right to make adjustments to correct errors contained in previously published information relating to the Index and to publish the corrected information, including but not limited to the index level, but is under no obligation to do so and shall have no liability in respect of any errors or omissions contained in any subsequently published information; provided that Société Générale shall not adjust or correct any previously published index level except in cases of manifest error. Société Générale is a French credit institution (bank) authorised by the Autorité de Contrôle Prudentiel (the French Prudential Control Authority). The Index is the property of SG, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by SG and OSSIAM. Neither S&P Dow Jones Indices, SFPS, Dow Jones nor any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions In calculating the Index.
Source: Ossiam / Bloomberg - Calculation by Ossiam. Past performance is not a reliable indicator of future performance.
|
Important information |
Ossiam Lux (the SICAV) is organized as an investment company with variable capital under the laws of the Grand-Duchy of Luxembourg and was approved by the Luxembourg market authority CSSF on 22/04/2011 under the Visa 2011/74085-7020-0-PC.Prior to 20 May 2016, NGAM S.A. acted as Management Company of the SICAV. Effective as of 20 May 2016, the SICAV has appointed Ossiam as its management company, responsible for the investment management, administration and distribution of the SICAV. The management company has appointed State Street Luxembourg as Administrative Agent, Paying Agent, Domiciliary and Corporate Agent, Registrar and Transfer Agent of the SICAV.Ossiam, a subsidiary of Natixis Global Asset Management, is a French asset manager authorized by the Autorité des Marchés Financiers (Agreement No. GP-10000016). Although information contained herein is from sources believed to be reliable, Ossiam makes no representation or warranty regarding the accuracy of any information of which it is not the source. The information presented in this page is based on market data at a given moment and may change from time to time. The risks associated with the Fund and the Index are detailed in the « General Risk Considerations » section of the Prospectus, available in English on www.ossiam.com. Investments decision should only be made on the basis of the Prospectus. Investors should also be well informed about the main characteristics of the Index (number of stocks, sector and or country breakdown, past evolution…) in order to have an overview of the risks and opportunities related to an exposure to the Index. Some degree of performance difference between OSSIAM ETF product and the underlying index is to be expected as a result of index replication costs and tracking error. The sub-fund shown on this page is not registered or authorized in all jurisdictions and may not be available to all investors in a jurisdiction. Accordingly, if investors have any questions about the registration or authorization of the sub-fund referenced on this page, they should contact the Management Company or Investment Manager for further information. Any investment in or distribution of the sub-fund referenced herein would only be possible if it was in compliance with all applicable laws and regulations, including, but not limited to obtaining any required registrations. The Risk Weighted Enhanced Commodity Ex. Grains Index Total Return USD (the "Index") is the property of Société Générale and is used under license. Subject to any applicable law, Société Générale does not guarantee the accuracy and/or the completeness of the composition, calculation, dissemination and adjustment of the Index, nor of the data included therein and Société Générale may not be held responsible for any consequences, including financial consequences, resulting from the investment in a product having the Index as underlying. The market information displayed in this document is based on data at a given moment and the levels of the Index do not represent a valuation or a price for any product referencing such Index. Investors must proceed, prior to investing in a product having the Index as underlying, to their own analysis by seeking, as the case may be, the advice of their own advisors. It is each investor's responsibility to ascertain that it is authorised to conclude, or invest into, any product linked to this Index. The index rules (the "Index Rules") define the methodology for determining the composition and the calculation of the Index and the consequences on this Index of extraordinary events which may affect one or several of the underlying instruments on which it is based. Clients invested in a product having the Index as underlying may receive a summary of the Index Rules upon written request made to Société Générale. Société Générale reserves the right to make adjustments to correct errors contained in previously published information relating to the Index and to publish the corrected information, including but not limited to the index level, but is under no obligation to do so and shall have no liability in respect of any errors or omissions contained in any subsequently published information; provided that Société Générale shall not adjust or correct any previously published index level except in cases of manifest error. Société Générale is a French credit institution (bank) authorised by the Autorité de Contrôle Prudentiel (the French Prudential Control Authority). The Index is the property of SG, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed to S&P Dow Jones Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) have been licensed for use by SG and OSSIAM. Neither S&P Dow Jones Indices, SFPS, Dow Jones nor any of their affiliates sponsor or promote the Index and none shall be liable for any errors or omissions In calculating the Index.
For the sake of transparency, Ossiam publishes the full composition of the reference index (with a delay of 2 working days due to index provider constraints). The table below shows the 10 largest stocks in the index. To download the full composition of the index, click on the link "download the index composition (Excel)".
| Name | ISIN Code | Weights | Close price | Currency |
| S&P GSCI Gold Dynamic Roll Index ER | SPDYGCP Index | 8.82% | 192.39 | USD |
| S&P GSCI Aluminum Dynamic Roll Index ER | SPDYIAP Index | 7.85% | 102.06 | USD |
| S&P GSCI Cotton Dynamic Roll Index ER | SPDYCTP Index | 6.18% | 35.29 | USD |
| S&P GSCI Copper Dynamic Roll Index ER | SPDYICP Index | 5.97% | 346.71 | USD |
| S&P GSCI Live Cattle Dynamic Roll Index ER | SPDYLCP Index | 5.82% | 133.50 | USD |
| S&P GSCI Silver Dynamic Roll Index ER | SPDYSIP Index | 4.95% | 204.82 | USD |
| S&P GSCI Feeder Cattle Dynamic Roll Index ER | SPDYFCP Index | 4.91% | 190.44 | USD |
| S&P GSCI Natural Gas Dynamic Roll Index ER | SPDYNGP Index | 4.85% | 83.38 | USD |
| S&P GSCI Sugar Dynamic Roll Index ER | SPDYSBP Index | 4.77% | 112.90 | USD |
| S&P GSCI Coffee Dynamic Roll Index ER | SPDYKCP Index | 4.52% | 22.31 | USD |
| Name | ISIN Code | Weights | Close price | Currency |
| S&P GSCI Gold Dynamic Roll Index ER | SPDYGCP Index | 8.82% | 192.39 | USD |
| S&P GSCI Aluminum Dynamic Roll Index ER | SPDYIAP Index | 7.85% | 102.06 | USD |
| S&P GSCI Cotton Dynamic Roll Index ER | SPDYCTP Index | 6.18% | 35.29 | USD |
| S&P GSCI Copper Dynamic Roll Index ER | SPDYICP Index | 5.97% | 346.71 | USD |
| S&P GSCI Live Cattle Dynamic Roll Index ER | SPDYLCP Index | 5.82% | 133.50 | USD |
| S&P GSCI Silver Dynamic Roll Index ER | SPDYSIP Index | 4.95% | 204.82 | USD |
| S&P GSCI Feeder Cattle Dynamic Roll Index ER | SPDYFCP Index | 4.91% | 190.44 | USD |
| S&P GSCI Natural Gas Dynamic Roll Index ER | SPDYNGP Index | 4.85% | 83.38 | USD |
| S&P GSCI Sugar Dynamic Roll Index ER | SPDYSBP Index | 4.77% | 112.90 | USD |
| S&P GSCI Coffee Dynamic Roll Index ER | SPDYKCP Index | 4.52% | 22.31 | USD |
Source: Standard & Poor's - Data shown relates to the 10 largest stocks in the index. To access the complete composition of the index, click on the link below
The fund uses synthetic replication to track the performance of the Index. Therefore, the Fund holds a basket of stocks called a "substitude basket" and an index swap. The substitute basket is a selection of stocks that are included in the index composition or that can be different from the latter one. The index swap is a contract between the ETF and one or more counterparties according to which the ETF pays to the counterparty(ies) the performance of the substitute basket and receives from the counterparty(ies) the performance of the index. For the sake of transparency, Ossiam publishes the full composition of the ETF assets (with a delay of 2 working days due to index provider constraints). The table below shows the 10 largest lines of the ETF assets. To download the full composition of the ETF assets, click on the link "download the fund assets (Excel)".
| Name | ISIN Code | Weights |
| DAIMLER AG-REGISTERED SHARES | DE0007100000 | 9.81% |
| SIEMENS AG-REG | DE0007236101 | 9.50% |
| KONINKLIJKE AHOLD NV | NL0011794037 | 7.00% |
| RWE AG | DE0007037129 | 5.04% |
| BERKSHIRE HATHAWAY INC-CL B | US0846707026 | 4.69% |
| INFINEON TECHNOLOGIES AG | DE0006231004 | 4.56% |
| SAP SE | DE0007164600 | 4.54% |
| Charter Communications Inc | US16119P1084 | 4.51% |
| DEUTSCHE BANK AG-REGISTERED | DE0005140008 | 4.33% |
| FACEBOOK INC-A | US30303M1027 | 4.30% |
| Name | ISIN Code | Weights |
| DAIMLER AG-REGISTERED SHARES | DE0007100000 | 9.81% |
| SIEMENS AG-REG | DE0007236101 | 9.50% |
| KONINKLIJKE AHOLD NV | NL0011794037 | 7.00% |
| RWE AG | DE0007037129 | 5.04% |
| BERKSHIRE HATHAWAY INC-CL B | US0846707026 | 4.69% |
| INFINEON TECHNOLOGIES AG | DE0006231004 | 4.56% |
| SAP SE | DE0007164600 | 4.54% |
| Charter Communications Inc | US16119P1084 | 4.51% |
| DEUTSCHE BANK AG-REGISTERED | DE0005140008 | 4.33% |
| FACEBOOK INC-A | US30303M1027 | 4.30% |
Source: Standard & Poor's - Data shown relates to the 10 largest stocks in the index. To access the complete composition of the index, click on the link below