The Subfund is a passively managed, index-tracking UCITS. The investment objective of the Subfund is to provide investors with a return that tracks the performance of the Bloomberg Energy and Metals Equal Weighted Euro Monthly Hedged Total Return (the "Index" of this Subfund). There is no guarantee that the investment objective of this Subfund can be realised. The Subfund will not trade in physical commodities or in derivatives immediately based on physical commodities or accept physical deliveries of commodities. The expected Tracking Error under normal market conditions is up to 1%.