The Fund is a specialty fund and with that differs from traditional equity, bond or balanced funds. The Fund is therefore not seen as an alternative to those fund types. Managers systematically use leverage that is part of the forward contract’s design which means that the level of risk for the fund, in theory, can be high. Managers define the actual risk level, as measured by the standard deviation of the net asset value so that it will maintain approximately 13 percent risk value over a twelve month period.
The Fund's risk portfolio consists of investments in futures on commodities indices, interest rate instruments, with currencies as the underlying asset, and so-called market risk. The Fund is also exposed to, for example, credit risk, liquidity risk and currency risk.
The Fund's investments are primarily long-term, making it impossible to predict the development of the Fund's net asset value in the short term. Investing in the Fund can increase or decrease in value. An investor in the Fund may derive less return for the redemption of units than was invested. For a more detailed description of the risks of the Fund, we refer you to our information brochure.
