WisdomTree Enhanced Commodity Strategy Fund (GCC US) – Portfolio Construction Methodology

The investment process guiding the actively managed WisdomTree Enhanced Commodity Strategy Fund targets broad, diversified commodity exposure through a futures-based program spanning Energy, Agriculture, Industrial Metals and Precious Metals. The fund gains commodity returns primarily via exchange-traded futures and swaps, implemented directly and through a wholly owned Cayman subsidiary (≤25% of assets) to preserve RIC tax treatment; collateral is held in U.S. government securities and cash equivalents. The team actively allocates across commodities and contract maturities to manage roll, curve and basis risks, with position sizing reflecting liquidity, margin efficiency and risk concentration limits. The mandate permits indirect bitcoin exposure via cash-settled futures and U.S.-listed bitcoin ETPs; no direct holdings of bitcoin are made. Risk is monitored at the contract and sector level with ongoing margin and collateral management. Positions are adjusted as carry, volatility and relative value evolve; exposures are reduced or closed when liquidity deteriorates, thesis weakens, or risk budgets are breached.

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