Unaudited liquidation financial statement that is required by Rule 4.22(c) under the Commodity Exchange Act.
Effective on 8/23/19, this fund was liquidated. If you have any questions, please contact your financial advisor or call Shareholder Services.
This fund or share class has been liquidated or reorganized.
The managers believe:
The team implements an active, flexible, and research-driven process. Top-down analysis seeks to identify drivers of global growth, capital markets and sector trends. Bottom-up analysis explores supply, demand, price, momentum, seasonal and fundamental corporate data trends. Portfolio construction decisions seeks to identify the best near-term sources of alpha, implementing ideas via a broad range of commodity-linked derivative instruments. The fund will also invest in low duration U.S. government / agency securities and other fixed income securities to help manage volatility and satisfy asset coverage requirements.