REG - WisdomTree Hdg Metal - Notice of a Reduction in Management Fee

WisdomtreeAnnouncement

11/09/2025 11:00

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RNS Number : 9698Y  WisdomTree Hedged Metal Secs Ltd  11 September 2025

WisdomTree Hedged Metal Securities Limited

LEI: 213800RQ5IZ9TSM9MO86

11 September 2025

 

WisdomTree Hedged Metal Securities Limited

Currency-Hedged Metal Securities

WisdomTree Physical Gold - EUR Daily Hedged (ISIN: JE00B8DFY052) and
WisdomTree Physical Gold - GBP Daily Hedged (ISIN: JE00B7VG2M16)

 

Notice of a Reduction in Management Fee

WisdomTree Hedged Metal Securities Limited (the "Issuer") gives notice of the
following:

Reduction in Management Fee

Under Condition 5 of the Currency-Hedged Metal Securities, the Metal
Entitlement in respect of each class of Individual Security is calculated each
day by reference to the Daily Hedging Variation and the Daily Adjustment in
respect of that class. The Daily Hedging Variation reflects daily changes in
the value of the applicable Index, while the Daily Adjustment is essentially
the sum of the aggregate Management Fee in respect of that day and the
aggregate Hedging Fee in respect of that day.

The previous Management Fee rate, along with the Hedging Rate (both expressed
in basis points per annum) for those classes of Individual Security currently
in issue are summarised in Table 1.

Table 1: Previous Management Fee rate and the Hedging Rates prior to the
Effective Date

 

                                                                                                                                     Listing

 Class of Individual Security                  Management Fee rate                  Total rates of Management fee and Hedging Rate

                                                                     Hedging Rate
                                                                                                                                     Euronext Paris; Borsa Italiana; Frankfurt Stock Exchange.

 WisdomTree Physical Gold - EUR Daily Hedged

                                               15bp                  10bp           25bp
 WisdomTree Physical Gold - GBP Daily Hedged                                                                                         London Stock Exchange

                                               15bp                  10bp           25bp

 

The Issuer announces that, with effect from 11 September 2025 (the "Effective
Date"), the Management Fee rate in respect of the above classes of Individual
Security currently in issue will be decreased by 3 basis points (to 12 basis
points in respect of each of WisdomTree Physical Gold - EUR Daily Hedged and
WisdomTree Physical Gold - GBP Daily Hedged).

This will result in the Total rates of Management Fee and Hedging Rate being
reduced in each case to

0.22 per cent (22 basis points) per annum as follows:

Table 2: The Management Fee rate and the Hedging Rates from the Effective Date

 

                                                                     Total rates of Management fee and Hedging Rate  Listing

 Class of Individual Security   Management Fee rate   Hedging Rate
 WisdomTree Physical Gold                                                                                            Euronext Paris; Borsa Italiana; Frankfurt Stock Exchange.

 - EUR Daily Hedged             12bp                  10bp           22bp
 WisdomTree Physical Gold       12bp                  10bp           22bp                                            London Stock Exchange

 - GBP Daily Hedged

 

Index Methodology Change

The Currency-Hedged Metal Securities are priced by reference to certain MSPM
Indices calculated and published by Morgan Stanley & Co. LLC
("MS&Co"). At present, the MSPM Indices use the mid-market currency
exchange rates plus a currency exchange rate spread in the calculation
methodology of the MSPM Indices. MS&Co has exercised its discretion to
make modifications and amendments to the MSPM Indices to reduce the currency
exchange rate spread. The Issuer believes the Methodology Change will aid the
utility and tradability of the MSPM Indices. Notwithstanding this, Security
Holders that wish to redeem their Currency-Hedged Metal Securities may do so
by selling their Currency-Hedged Metal Securities on the London Stock Exchange
or other relevant exchanges on which the Currency-Hedged Metal Securities are
admitted to trading or through an Authorised Participant.

The Methodology Change will be effective on and from 11 September 2025 and is
reflected in a revised edition of the Handbook entitled "The Morgan Stanley
Precious Metal Currency Hedged (MSPM) Indices Gold Manual (September 2025
Edition)" dated 11 September 2025 available at http://www.ms.com/mspm
(http://www.ms.com/mspm) (the "MSPM Website"). Any historical index values or
simulated historical index values on the MSPM Website, on the Issuer's
website, in the prospectus or otherwise available from other sources, reflect
the index calculation methodology in place at the time of the relevant
calculation and have not been changed retrospectively.

 

 

Operational, Marketing and Other Costs Contribution

The Issuer notes that MSIP may, on such basis as agreed with ManJer, agree to
contribute towards the operational, marketing and other costs of the Issuer
and of ManJer in respect of the Programme. The contribution (expressed in
basis points per annum) may be adjusted from time to time, as agreed between
ManJer and MSIP, and the contribution as at the date of this notice is 11 bps.

 

 

Terms used in this announcement and not otherwise defined bear the same
meanings as where used in the prospectus of the Issuer dated 11 November 2024.

For further information, please contact:

 

WisdomTree UK Limited Web: www.wisdomtree.eu (http://www.wisdomtree.eu/)

E-mail address: infoeu@wisdomtree.com (mailto:infoeu@wisdomtree.com)

 

 

 

 

Director: Vinod Rajput for and on behalf of

WisdomTree Hedged Metal Securities Limited

Date: 11 September 2025

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