| Investment Objective: |
The Fund seeks to provide exposure to commodities markets through actively managed investments in commodities instruments, including futures contracts whose values are linked to commodities or commodity indices, options on commodity futures contracts, over-the-counter swaps whose underlying components are comprised of commodity derivatives or reference commodity derivatives, or other commodity-linked derivative instruments ("Commodities Instruments"). The Fund may invest, either directly or through its Subsidiary in a range of Commodities Instruments and markets as determined by Quantix Commodities LP (the "Sub-adviser"), the Fund's investment sub-adviser. The Fund typically invests in Commodities Instruments denominated in U.S. dollars and traded on U.S. and U.K. exchanges. The Sub-adviser takes various factors into account in its investment process, such as (without limitation) proprietary model outputs, market conditions, and the relative cost of holding a "rolling" futures position , as well as the diversification and overall risk properties of the portfolio. The Subadvisor generally targets commodities with high expected inflation sensitivity and a low cost of carry in constructing the Fund's portfolio. |
