Industry description
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the SummerHaven Dynamic Commodity Index Total ReturnSM.
The index reflects the performance of a fully margined and collateralized portfolio of commodities futures contracts. Under normal market conditions, the fund will invest 80% of its assets in futures contracts and other commodity-related derivative instruments. In determining the value of the fund’s assets for this purpose, it will value each derivative instrument using the instrument’s notional amount. The fund is non-diversified.