Investment Objective
The Fund aims to achieve long-term capital growth by targeting an absolute return of the USD Overnight Bank Funding Rate plus 4-6%. It seeks to do so by investing in a range of asset classes, with a primary focus on UCITS-compliant commodity indices. The Fund implements long and short strategies, aiming for capital growth independent of public market trends, with low correlation to equity markets. Exposure to commodity futures contracts is managed to reduce negative roll yield. At least 75% of the Fund's risk and return will focus on UCITS commodity-based indices, with potential diversification into other asset classes.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.7 | 0.8 | 0.8 | 0.1 | 0.4 | 0.8 | 0.9 | 0.8 | 0.5 | 0.7 | 0.8 | 0.7 | 0.7 | |
| 2022 | 0.6 | 0.9 | 0.2 | 0.9 | 0.1 | 0.1 | 0.9 | 0.9 | 0.8 | 0.8 | 0.1 | 0.0 | 0.4 |
