Description

The primary objective of this fund is to mirror the returns generated by the UBS CMCI Composite Total Return index. It achieves this by employing a synthetic replication strategy, specifically through the use of a swap agreement. While the fund seeks to track the index, its trading price on the exchange may not always coincide precisely with its net asset value (NAV). A key risk management measure involves targeting 105% over-collateralization for all exposure to its swap counterparty. The fund maintains a passive management approach, foregoing active stock selection.