The fund is a passively-managed Exchange-Traded Fund (ETF) that aims to track the Total Return performance of the Bloomberg Commodity Carbon Tilted Index®, less fees, expenses, and transaction costs.
Fund Exposure
To achieve its objective, the fund holds a diversified basket of US Treasury Bills and uses unfunded swaps ("Swaps") to exchange the performance of the Index for an agreed rate of return reflective of US Treasury Bill market rates. The Index is a variant of the Bloomberg Commodity Index that incorporates a measure of the environmental costs associated with the production of the underlying commodities referenced by each futures contract.
Risks
Investors should be aware of the risks associated with investing in commodities, including market risk, liquidity risk, and environmental risk. Additionally, the use of swaps and the fund's exposure to US Treasury Bills may introduce counterparty risk and interest rate risk. Investors should carefully consider these risks before investing in the fund.