Industry description
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE Global Carbon Futures Index ("underlying index").
Under normal circumstances, the fund invests in long positions included in the underlying index as well as in investments that have economic characteristics that are similar to the economic characteristics of such component positions. The underlying index is designed to provide exposure to the price of carbon emissions through a long-only basket of carbon credit futures contracts. The fund is non-diversified.