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Address And Details

335 Madison Avenue, 19th Floor , New York, NY 10017
Fund Manager Roland Morris
Manager Tenure 7 Years 8 Months

Strategy And Objective

The CM Commodity Index Fund seeks to track, before fees and expenses, the performance of the UBS Bloomberg Constant Maturity Commodity Total Return Index. The Fund seeks to achieve its investment objective by investing in instruments that derive their value from the performance of the UBS Bloomberg Constant Maturity Commodity Total Return Index (the CMCI ), as described below, and in bonds, debt securities and other fixed income instruments ( Fixed Income Instruments ) issued by various U.S. public- or private-sector entities. The Fund invests in commodity-linked derivative instruments, including commodity index-linked notes, swap agreements, commodity futures contracts and options on futures contracts that provide economic exposure to the investment returns of the commodities markets, as represented by the CMCI and its constituents. Commodities are assets that have tangible properties, such as oil, metals, and agricultural products. A commodity-linked derivative is a derivative instrument whose value is linked to the movement of a commodity, commodity index, commodity option or futures contract. The value of commodity-linked derivative instruments may be affected by overall market movements and other factors affecting the value of a particular industry or commodity, such as weather, disease, embargoes, or political and regulatory developments. The CMCI is a rules-based, composite benchmark index diversified across 29 commodity components from the following five sectors: energy, precious metals, industrial metals, agriculture and livestock. The CMCI is comprised of futures contracts with maturities ranging from three months up to a maximum of about three years for each commodity, depending on liquidity. The return of the CMCI reflects a combination of (I) the returns on the futures contracts comprising the CMCI; and (ii) the fixed-income return that would be earned on a hypothetical portfolio of 13-week U.S .Treasury bills theoretically deposited as full collateral for the notional exposure of hypothetical positions in the futures contracts comprising thermic. The selection and relative weightings of the components of the CMCI are designed to reflect the economic significance and market liquidity of each commodity, as determined based on global economic data, consumption data, commodity futures prices, and open interest and volume data. The maturity of each commodity component in the CMCI remains fixed at a predefined time interval at all times by means of a continuous rolling process, in which a weighted percentage of shorter dated contracts for each commodity are swapped for longer dated contracts on a daily basis. The CMCI is rebalanced monthly back to the target weightings of the commodity components of the CMCI and the target weightings of all commodity components are revised once per year. A more detailed description of the CMCI is contained in Appendix A to the prospectus. The Fund will seek to track the returns of the CMCI by entering into swap contracts and commodity index-linked notes with one or more counterparties, which contracts and notes will rise and fall in value in response to changes in the value of the CMCI. As of the date of this prospectus, UBS AG ( UBS" ) was the only available counterparty with which the Fund may enter into such swap contracts on the CMCI. The Fund may enter into such contracts and notes directly or indirectly through a wholly owned subsidiary of the Fund ( the Subsidiary ). Commodity index-linked notes are derivative debt instruments with principal and/or coupon payments linked to the performance of commodity indices ( such as thermic ). These commodity index-linked notes are sometimes referred to as structured notes because the terms of these notes may be structured byte issuer and the purchaser of the note. The Fund may also seek to gain exposure to the individual commodity components of the CMCI by investing in futures contracts that comprise the CMCI, either directly or indirectly through the Subsidiary.

Net Asset Value

as of 5:27 PM ET 01/14/2022

Performance

  • 1 Week
  • +1.75%
  • 1 Month
  • -13.14%
  • 3 Months
  • -16.21%
  • 1 Yr Return
  • +6.75%
  • 5 Yr Return
  • +6.97%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 93.50%
Other 3.30%
Cash 3.19%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 30.89 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 18.05 8.30 0.72
Beta -0.88 -0.65 -0.66
R Squared 0.03 0.02 0.02
Std Deviation 17.21 14.53 14.08
Sharpe Ratio 0.82 0.45 n/a

Purchase Information

as of 5:37 PM ET 01/13/2022
Minimum Initial $1000
Minimum Additional $100
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +32.96%
  • +32.96%
+32.96% +32.96%
3 Year
  • +13.36%
  • +13.36%
+13.36% +13.36%
10 Year
  • -1.22%
  • -1.22%
-1.22% -1.22%
Life Of Fund
  • -1.87%
  • -1.87%
-1.87% -1.87%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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