| Investment Objective: |
The Fund seeks to primarily invest under normal circumstances in derivative instruments on copper and copper-related exchange traded products ("ETPs"), including copper-related exchange traded funds ("ETFs") and copper-related exchange traded notes ("ETNs"), backed by a portfolio of Fixed Income Instruments of varying maturities, which may be represented by options and forwards, as well as Preferred Securities Instruments. The Fund may also invest in copper-related ETFs directly as well as in copper and derivative instruments on copper. The Fund also seeks to invest in securities of publicly traded companies primarily involved in the copper mining industry. Copper-related ETFs are those that invest primarily in copper and/or over-the-counter or exchange-traded derivatives on copper such as forward contracts, futures contracts, and options contracts or swap contracts. or in companies that are primarily involved in the copper mining industry. The Fund uses futures on copper, as well as option contracts on copper-related ETPs, including FLEX options, to gain exposure to copper. As part of its strategy, the Fund may write (sell) call option contracts on copper and copper-related ETPs to generate income. |
