The Fund is an index-tracking UCITS passively managed. The investment objective of the Fund is to track both the upward and the downward evolution of the Bloomberg Energy & Metals Equal Weighted Total Return Index denominated in US Dollars, representative of the commodities market, and more specifically of energy, base metals and precious metals. The Benchmark Index tracks the changes in the prices of an equal-weighted basket of 12 energy and metal (base & precious) commodity futures contracts.