SAS Commodity C Cap $

The fund aims to provide long term capital growth by investing in commodity related instruments worldwide. The fund invests at least two-third of its assets in energy, agriculture, metals and other commodity linked instruments and commodity related derivatives worldwide.As the fund is index-unconstrained it is managed without reference to an index.The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. These include commodity related derivatives, such as futures (e.g. futures on commodity indices), total return swaps (e.g. swaps on physical commodities) and structured notes. Where the fund uses total return swaps, the underlying consists of instruments in which the fund may invest according to its Investment Objective and Investment Policy. In particular, total return swaps may be used to gain long exposure to commodities. The gross exposure of total return swaps will not exceed 100% and is expected to remain within the range of 0% to 20% of the Net Asset Value. In certain circumstances this proportion may be higher. The fund also invests in commodity related equity and equity related securities, fixed income securities, convertible securities and warrants of issuers in commodity related industries. The fund may also invest in foreign currency (e.g. forward currency contracts, currency options, and swaps on currencies). The fund may invest in money market instruments and hold cash.The fund will not acquire any physical commodities directly. Any commodity derivatives that call for physical delivery of the underlying commodity will be liquidated prior to delivery and procedures are in place to ensure that this occurs.

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No