Contango & Backwardation Check | Vontobel Oil-Strategy Index | December 2025

Based on the close of the Oil Futures on December 15, 2025, we are in a Contango situation – therefore, the Vontobel Oil-Strategy Index will be calculated as an Equity Basket investment during the next month.

The following changes will be applied to the composition effective open January 1, 2026: