The Fund seeks to track the price and yield performance, before fees and expenses of Morgan Stanley RADAR ex Agriculture & Livestock Commodity Total Return Index (the Index). The Index is a US Dollar denominated index whose main objective is to provide a broad and diversified UCITS compliant commodity exposure, tracking the performance of a basket of commodities indices covering 3 broad commodity sectors: energy, industrial metals and precious metals. The Fund will gain indirect exposure to the Index Components through the use of swaps.