The WisdomTree Industrial Metals 1x Daily Short is a fully collateralized Exchange Traded Commodity (ETC) structured to offer investors inverse exposure to industrial metals. Its total return is determined by a factor of negative one times the daily performance of the Bloomberg Industrial Metals Sub Excess Return Index (BCOMIN), further adjusted to include any accrued interest income and subtract relevant product fees and operating costs. To illustrate, if the Bloomberg Industrial Metals Sub Excess Return Index advances by 1% on a given day, the ETC's value will typically decline by 1%, before fees.