Investment Objective
The investment objective of the Sub-Fund is to provide investors with exposure to the BofA Merrill Lynch Commodity Index eXtraSM AF5T Total Return Index. In addition, the Sub-Fund aims to generate a money market-like return by entering into investments with the available cash as part of Treasury Management as referred to in section 5.1 of the Prospectus (each a “Treasury Investment” and, collectively, the “Treasury Investments”). The Sub-Fund does this in order to generate a yield whilst maintaining a high level of liquidity and preserving capital. The Index is based on sub-indices comprised of the principal commodity sectors: energy, base metals and grains and oil seeds.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.3 | 0.8 | 0.7 | 1.0 | 0.8 | 0.6 | 0.6 | 0.5 | 0.9 | 0.3 | 0.1 | 0.4 | 0.1 | |
| 2023 | 0.3 | 0.8 | 0.5 | 0.4 | 0.1 | 1.0 | 1.0 | 0.4 | 0.6 | 0.9 | 0.9 | 0.6 | 0.3 |
