WisdomTree Precious Metals is an Exchange Traded Commodity (ETC) designed to provide investors with total return exposure to a basket of precious metals futures contracts. It tracks the Bloomberg Commodity Precious Metals Subindex 4W Total Return, which reflects the performance of continuously rolled futures contracts on gold and silver, the primary constituents in the Bloomberg Commodity Index. The ETC employs a synthetic replication method through a fully funded collateralised swap, backed by high-quality collateral such as government bonds held in segregated accounts. This structure offers a convenient way to access precious metals without the need for physical storage, insurance, or delivery management. WisdomTree Precious Metals serves as a tool for gaining exposure to the commodities market, particularly the precious metals sector, and is UCITS eligible with limited recourse to the issuer. Domiciled in Jersey, it facilitates liquidity through trading on exchanges with authorised participants and market makers, enabling investors to participate in the price movements driven by futures roll yields, contango, or backwardation dynamics.