The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team seeks for a cost-effective and convenient access to physical palladium.

The metal is held in allocated bars.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team seeks for a cost-effective and convenient access to physical platinum.

The metal is held in allocated bars.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies outside the United States.

The fund seeks to reflect the performance of the price of physical gold, silver, platinum and palladium.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team seeks for a cost-effective and convenient access to a basket of physical precious metals, such as gold, silver, platinum and palladium.

The metal is held in allocated bars.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies outside the United States.

The fund seeks to track the performance of the price of the silver bullion.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team holds allocated physical silver bullion bars stored in secure vaults.

The metal is held in allocated bars.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies outside the United States.

The Index is a three-month forward version of the Bloomberg Commodity Index Total Return, which reflects the return on a fully collateralized investment in the Bloomberg Commodity Index.

Also, the fund is called Longer Dated because the Index it seeks to track is designed to track commodity futures with a longer maturity.

The fund employs a passive management or indexing investment approach that is designed to track the performance of the Index.

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in exchange-traded commodity futures contracts through a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the Subsidiary).

The team may invest up to 25% of the fund’s net assets in the Subsidiary.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

In addition, the fund employs a representative sampling indexing strategy to invest in only a representative sample of the instruments in the Index.

The fund will also hold short-term fixed-income securities.

The fund seeks to remain fully invested at all times in financial instruments that, in combination, track the returns of the Index without regard to market conditions, trends or direction.

Additionally, the fund is classified as non-diversified.

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies outside the United States.

The Index is composed of futures contracts on physical commodities and is designed to be a highly liquid and broad-based benchmark for commodities futures investments.

The fund employs a passive management or indexing investment approach that is designed to track the performance of the Index.

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in exchange-traded commodity futures contracts through a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the Subsidiary).

The team may invest up to 25% of the fund’s net assets in the Subsidiary.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

In addition, the fund employs a representative sampling indexing strategy to invest in only a representative sample of the instruments in the Index.

The fund seeks to remain fully invested at all times in financial instruments that, in combination, track the returns of the Index without regard to market conditions, trends or direction.

Additionally, the fund is classified as non-diversified.