Commodity Fund is an actively managed fund that invests globally on commodity markets and with an objective to achieve returns above the CRB Total Return Index. The investment universe consists of several commodity sectors, but the fund will mainly invest in the energy, agricultural and base metal sectors. The investment process is based on a proprietary model that analyses trends in prices as well as term structures. The fund mainly invests in liquid commodity futures and takes both long and short positions. The fund aims at maintaining an up to 10 % annual tracking error to its benchmark.