Investment Objective
The Fund aims to track the Merrill Lynch Commodity Index eXtra Alpha 5 Long Short (the "Index"), providing a market neutral exposure to commodity markets. The Index is based on two sub-indices comprised of the principal commodity sectors: energy, base metals, precious metals and grains and oil seeds. The Index takes a long position in the Merrill Lynch Commodity Index eXtra A01 Excess Return Index (the “MLCXA01 Index”) and a corresponding short position in the Bloomberg Commodity Excess Return Index (the “BCOM Index”).
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.7 | 0.5 | 0.7 | 0.1 | 0.8 | 0.4 | 0.2 | 0.4 | 0.6 | 1.0 | 0.7 | 0.6 | 0.3 | |
| 2022 | 0.6 | 0.6 | 0.3 | 0.9 | 0.1 | 0.6 | 0.1 | 0.8 | 0.0 | 0.3 | 0.5 | 0.2 | 0.9 |
