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The investment objective of the Fund is to provide exposure to futures contracts on physical commodities and to track the performance of the Bloomberg Commodity Index Total Return, before the deduction of fees and expenses. The Index is designed to provide exposure to a diversified portfolio of commodity futures across a range of sectors, including energy, precious metals, industrial metals, livestock, grains and soft commodities. The Fund achieves exposure to the performance of the Index primarily through the use of financial derivative instruments, in particular total return swap agreements. It may also invest in a basket of securities and/or other assets for collateral and liquidity management purposes, and may use other financial derivative instruments for efficient portfolio management or to assist in tracking the performance of the Index. Any income received by the Fund is reinvested.

The investment objective of the Fund is to provide exposure to futures contracts on physical commodities and to track the performance of the Bloomberg Commodity Index Total Return, before the deduction of fees and expenses. The Index is designed to provide exposure to a diversified portfolio of commodity futures across a range of sectors, including energy, precious metals, industrial metals, livestock, grains and soft commodities. The Fund achieves exposure to the performance of the Index primarily through the use of financial derivative instruments, in particular total return swap agreements, and may also invest in a basket of securities and/or other assets for collateral and liquidity management purposes.