WisdomTree PHLX Semiconductor 3x Daily Short is a fully collateralised, UCITS eligible Exchange
Traded Product (ETP) designed to provide investors with a leveraged short exposure to the PHLX
Semiconductor Sector Gross Total Return Index. The ETP provides a total return comprised of -3
times the daily performance of the PHLX Semiconductor Sector Gross Total Return Index (XSOX),
adjusted to reflect fees as well as the costs and revenues inherent to shorting stocks. For
example, if the PHLX Semiconductor Sector Gross Total Return Index rises by 1% over a day, then
the ETP will fall by 3%, excluding fees. However if the PHLX Semiconductor Sector Gross Total
Return Index falls by 1% over a day, then the ETP will rise by 3%, excluding fees.
