The Fund is a passively managed ETF that aims to track the performance of the Barclays Backwardation Tilt Multi-Strategy Ex-Agriculture & Livestock Capped Total Return Index, subject to the deduction of the ongoing charges and other costs associated with operating the Fund. The Index provides exposure to all commodities of the Bloomberg Commodity ex-Agriculture and Livestock Index and provides a return equivalent to a fully collateralised investment in a diversified portfolio of commodity futures across the following commodity groups: Energy; Precious Metals; and Industrial Metals.