Investment Objective
The investment objective of the Fund is to seek to achieve annualised returns which are uncorrelated to any particular sector or index. The Fund will implement an energy related investment policy focused on commodities (such as oil, gasoline, natural gas and metals) and highly liquid investments such as currencies, cash and cash equivalents (for example certificates of deposit and treasury bills). The Fund will gain exposure to commodities by investing in structured financial instruments (“SFI”) which are debt securities that are listed on a regulated stock exchange. The SFI seek to replicate the return of an alternative investment fund which pursues a commodity focused investment strategy. Investment in these SFI is limited to 20% of net assets of the Fund. The Fund intends to maintain a significant (approximately 80% of net assets in normal market conditions) investment in cash and cash equivalents.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.6 | 0.2 | 0.7 | 1.0 | 0.7 | 1.0 | 0.6 | 0.0 | 0.9 | 0.7 | 0.9 | 0.4 | 0.3 | |
| 2022 | 0.2 | 1.0 | 0.5 | 0.9 | 0.9 | 0.7 | 0.4 | 1.0 | 0.5 | 0.1 | 0.1 | 0.9 | 0.7 |
