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 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.

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 invests in exchange traded notes, included in the Index.

The Index measures the return of a covered call strategy on the GLD Shares.

The ETNs will pay a variable monthly Coupon Amount based on the notional option premiums received from the sale of monthly call options on the GLD Shares.

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 ETNs are senior unsecured obligations of Credit Suisse AG, acting through its Nassau Branch, maturing February 2, 2033, unless the maturity is extended.

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 invests in exchange traded notes, included in the Index.

The Index measures the return of a covered call strategy on the SLV Shares.

The ETNs will pay a variable monthly Coupon Amount based on the notional option premiums received from the sale of monthly call options on the SLV Shares.

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 ETNs are senior unsecured obligations of Credit Suisse AG, acting through its Nassau Branch, maturing April 21, 2033, unless the maturity is extended.

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 invests significantly in the securities that comprise the Index.

The Index is designed to capture trends in the commodity markets, and track a diversified portfolio of 12 different commodity futures contracts, or components.

The team invests up to 25% of the fund’s net assets in a wholly-owned and controlled subsidiary (the Subsidiary). The Subsidiary is a limited partnership operating under Cayman Islands law.

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’s holdings will generally consist of short-term fixed income investments while the subsidiary will hold futures contracts.

Also, the fund may invest in futures contracts on the 12 commodities that comprise the Index, which are soybeans, corn, wheat, cotton, sugar, crude oil, natural gas, gasoline, heating oil, copper, gold, and silver.

The fund will concentrate its investment in a particular industry or group of industries to approximately the same extent as the Index is so concentrated.

Additionally, the fund may invest in a representative sample of the securities in the Index that has aggregate characteristics similar to those of the Index.

In addition, the fund is non-diversified, meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities.

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 comprised of futures contracts on 27 components, representing 24 commodities, with up to five different maturities for each individual commodity.

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 invests in securities that are senior unsecured medium-term notes issued by UBS.

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 capital appreciation in the long term 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 invests in commodity futures markets.

However, the team gains exposure to the commodity futures markets by investing in commodity futures contracts (Commodity Futures) through GraniteShares COMB Cayman Limited, a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the Subsidiary).

The team invests 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.

The fund may not concentrate its investments in securities of issuers in any one industry or group of industries.

The fund may also invest in investment grade fixed income securities.

Also, the fund is called No K-1 because it is designed to operate differently than commodity-based exchange traded funds that distribute a Schedule K-1 to shareholders.

In addition, the fund is non-diversified, meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities.

The fund seeks to track the price of gold, 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 holds physical gold 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 provides a low-cost way to access gold via an ETF.

The fund seeks the value of the Shares to reflect, at any given time, the value of the assets owned by the Trust at that time before fees and expenses, by investing in companies outside the United States.

The purpose of the Trust is to own platinum transferred to the Trust in exchange for Shares issued by the Trust.

Each Share represents a unit of fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of platinum.

The Shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment in platinum.

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.

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.

However, there may be situations where the Trust will hold cash.

The fund seeks to track changes, whether positive or negative, in the level of the Index, plus the income from the fund's holdings, before fees and expenses, by investing in companies outside the United States.

The Index is a rules-based index composed of futures contracts on some of the most liquid and widely traded agricultural commodities.

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 invests in futures contracts in an attempt to track its Index.

The team invests in a portfolio of exchange-traded futures on the Index Commodities, which consist of Corn, Soybeans, Wheat, Kansas City Wheat, Sugar, Cocoa, Coffee, Cotton, Live Cattle, Feeder Cattle, and Lean Hogs.

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 holds Treasury Securities, money market mutual funds and T-Bill ETFs.

The fund seeks to track changes, whether positive or negative, in the level of the Index, plus the income from the fund's holdings, before fees and expenses, by investing in companies outside the United States.

The Index is a rules-based index composed of futures contracts on some of the most liquid and widely used base metals, such as aluminum, zinc and copper (grade A).

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 invests in futures contracts in an attempt to track its Index.

The team invests in a portfolio of exchange-traded futures on the Index Commodities.

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 holds Treasury Securities, money market mutual funds and T-Bill ETFs.

The fund seeks to track changes, whether positive or negative, in the level of the Index, plus the income from the fund's holdings, before fees and expenses, by investing in companies outside the United States.

The Index is a rules-based index composed of futures contracts on 14 of the most heavily traded and important physical commodities in the world.

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 invests in a portfolio of exchange-traded futures on Light Sweet Crude Oil (WTI), Heating Oil, RBOB Gasoline, Natural Gas, Brent Crude, Gold, Silver, Aluminum, Zinc, Copper Grade A, Corn, Wheat, Soybeans, and Sugar.

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 holds Treasury Securities, money market mutual funds and T-Bill ETFs.

The fund seeks to track changes, whether positive or negative, in the level of the Index, plus the income from the fund's holdings, before fees and expenses, by investing in companies outside the United States.

The Index is a rules-based index composed of futures contracts on some of the most heavily traded energy commodities in the world, such as light sweet crude oil (WTI), heating oil, Brent crude oil, RBOB gasoline and natural gas.

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 invests in futures contracts in an attempt to track its Index.

The team invests in a portfolio of exchange-traded futures on one or more Index Commodities.

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 holds Treasury Securities, money market mutual funds and T-Bill ETFs.

The fund seeks to track changes, whether positive or negative, in the level of the Index, plus the income from the fund's holdings, before fees and expenses, by investing in companies outside the United States.

The Index is a rules-based index composed of futures contracts on gold.

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 invests in futures contracts in an attempt to track its Index.

The team invests in a portfolio of exchange-traded futures on the Index Commodity.

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 holds Treasury Securities, money market mutual funds and T-Bill ETFs.

The fund seeks to track changes, whether positive or negative, in the level of the Index, plus the income from the fund's holdings, before fees and expenses, by investing in companies outside the United States.

The Index is a rules-based index composed of futures contracts on light sweet crude oil (WTI).

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 invests in futures contracts in an attempt to track its Index.

The team invests in a portfolio of exchange-traded futures on the Index Commodity.

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 holds Treasury Securities, money market mutual funds and T-Bill ETFs.

The fund seeks to track changes, whether positive or negative, in the level of the Index, plus the income from the fund's holdings, before fees and expenses, by investing in companies outside the United States.

The Index is a rules-based index composed of futures contracts on two of the most important precious metals, such as gold and silver.

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 invests in futures contracts in an attempt to track its Index.

The team invests in a portfolio of exchange-traded futures on the Index Commodities.

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 holds Treasury Securities, money market mutual funds and T-Bill ETFs.

The fund seeks capital appreciation in the long term 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 invests in a combination of financial instruments that are economically linked to the world’s most heavily traded commodities.

Commodities are assets that have tangible properties, such as oil, agricultural produce or raw metals.

The team invests, either directly or through a wholly-owned subsidiary (the Subsidiary), which operates under Cayman Islands law.

Also, the Subsidiary will invest in Commodities Futures that generally are representative of the components of the Index.

The Index is composed of futures contracts on 14 of the most heavily traded commodities across the energy, precious metals, industrial metals and agriculture sectors.

These commodities include aluminum, Brent crude oil, copper, corn, gold, New York Harbor Ultra Low Sulphur Diesel, WTI crude oil, natural gas, RBOB gasoline, silver, soybeans, sugar, wheat and zinc.

However, the team’s investment in the Subsidiary may not exceed 25% of the fund’s net assets.

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 Subsidiary also invests a portion of its assets in Commodity-Linked Instruments.

The fund also may invest directly in ETNs, ETFs and other investment companies.

In addition, the fund may invest in exchange-traded common stocks of companies that operate in commodities, natural resources and energy businesses, and in associated businesses, as well as companies that provide services or have exposure to such businesses.

The fund seeks to provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on cocoa.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in futures contract on physical commodities comprising the Index plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on lead.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts in the crude oil markets.

The Index may roll into one of a number of futures contracts with varying expiration dates, as selected using the Barclays Pure Beta Series 2 Methodology.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index provides exposure to the returns that are potentially available through an unleveraged investment in the contracts comprising the Index plus the Treasury Bill rate of interest that could be earned on funds committed to the trading of the underlying contracts.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on agriculture commodities.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on aluminium.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on coffee.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on copper.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on cotton.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on energy commodities.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on grains commodities.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on industrial metal commodities.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on livestock commodities.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts comprising the Index plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on nickel.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on platinum.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on precious metals commodities.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on softs commodities.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on sugar.

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.

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 provide exposure to the Index by investing in companies outside the United States.

The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on tin.

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.

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.

As part of its strategy, the fund employs a passive or indexing approach.

Next, the research team invests in exchange-traded futures contracts (Index Futures) on the Underlying Index, and is estimated to roll out of existing positions in Index Futures and establish new positions in Index Futures on an ongoing basis.

The Underlying Index measures the performance of 23 futures contracts across 21 physical agricultural, energy, precious metals and industrial metals commodities.

The team utilizes a representative sampling indexing strategy that involves investing in a representative sample of securities and/or other instruments that collectively has an investment profile similar to that of an applicable underlying index.

Also, the team evaluates companies based on factors such as market value and industry weightings.

In addition, the team also assesses a company’s return variability, duration, maturity, credit ratings and yield, and liquidity characteristics.

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 may or may not hold all of the securities and/or other instruments in the Underlying Index.

The fund seeks to gain exposure to Index Futures and other Commodity Investments by investing through a wholly-owned subsidiary organized in the Cayman Islands (the Subsidiary).

However, the fund may invest up to 25% of its net assets in the Subsidiary.

The remainder of the fund’s assets will be invested directly in Fixed-Income Investments, including repurchase agreements, money market instruments, U.S. government and agency securities, Treasury inflation-protected securities, sovereign debt obligations on non-U.S. countries and investment-grade corporate bonds.

The fund will invest in financial instruments providing exposure to commodities and not in the physical commodities themselves.

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.

As part of its strategy, the fund employs a passive or indexing approach.

Next, the research team invests in exchange-traded gold futures contracts and other exchange-traded or over-the-counter derivatives and ETPs backed by or linked to physical gold.

The Underlying Index is designed to track the price performance of gold.

Also, the Underlying Index is comprised of exchange-traded gold futures contracts and one or more ETPs backed by or linked to physical gold.

The ETPs held by the fund may invest in physical gold bullion or OTC or exchange-traded derivatives on gold bullion, such as forward contracts, futures, options and swaps.

The team utilizes a representative sampling indexing strategy that involves investing in a representative sample of securities and/or other instruments that collectively has an investment profile similar to that of an applicable underlying index.

Also, the team evaluates companies based on factors such as market value and industry weightings.

In addition, the team also assesses a company’s return variability, duration, maturity, credit ratings and yield, and liquidity characteristics.

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 may or may not hold all of the securities and/or other instruments in the Underlying Index.

In addition, the fund seeks to gain exposure to the Gold Investments by investing through a wholly-owned subsidiary organized in the Cayman Islands (the Subsidiary).

The Subsidiary invests solely in the Gold Investments and cash and cash equivalents.

However, the fund may invest up to 25% of its net assets in the Subsidiary.

The remainder of the fund’s assets will be invested directly in Fixed-Income Investments, including repurchase agreements, money market instruments, U.S. government and agency securities, Treasury inflation-protected securities, and sovereign debt obligations on non-U.S. countries.

The fund seeks to reflect generally the performance of the price of gold, before fees and expenses, by investing in companies outside the United States.

The purpose of the Trust is to own gold transferred to the Trust in exchange for Shares issued by the Trust.

Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of gold.

The Shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment in gold.

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.

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.

However, there may be situations where the Trust will hold cash.

The fund seeks to track the results of a fully collateralized investment in futures contracts on an index, before fees and expenses, by investing in companies outside the United States.

The Index is composed of a diversified group of commodities futures.

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.

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 reflect generally the performance of the price of silver, before fees and expenses, by investing in companies outside the United States.

The purpose of the Trust is to own silver transferred to the Trust in exchange for Shares issued by the Trust.

Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of silver.

The Shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment in gold.

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.

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.

However, there may be situations where the Trust will hold cash.

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 seeks to track the performance of three separate contract schedules for West Texas Intermediate Crude Oil futures.

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 invests in financial instruments. The fund estimates that its cash balances maintained in connection with the use of financial instruments will typically be held in money market instruments.

The team utilizes a mathematical approach to determine the type, quantity and mix of investment positions the fund should hold to produce returns.

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.

Additionally, the fund seeks to remain fully invested at all times in securities and/or financial instruments that, in combination, provide exposure to the returns of the Index without regard to market conditions, trends or direction.

The fund will concentrate or focus its investments in a particular industry or group of industries, country or region to approximately the same extent the Index is so concentrated or focused.

Also, the fund generally will not invest directly in WTI crude oil futures.

However, the fund invests a portion of its net assets in the ProShares Cayman Crude Oil Strategy Portfolio, a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the Subsidiary).

Generally, the fund will limit investments in the Subsidiary to 25% of its net assets.

The fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Index, by investing in companies outside the United States.

The Index is composed of crude oil futures contracts and aims to track the performance of 3 separate contract schedules for WTI Crude Oil futures.

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 invests in Financial Instruments that include futures contracts, swap agreements, forward contracts, option contracts, and other instruments.

The team utilizes a mathematical approach to determine the type, quantity and mix of Financial Instruments the fund should hold to produce daily returns.

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.

Additionally, the fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to its underlying benchmark.

The fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Index, by investing in companies outside the United States.

The Index is intended to reflect the natural gas segment of the commodities market, and consists of futures contracts on natural gas only.

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 invests in Financial Instruments that include futures contracts, swap agreements, forward contracts, option contracts, and other instruments.

The team utilizes a mathematical approach to determine the type, quantity and mix of Financial Instruments the fund should hold to produce daily returns.

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.

Additionally, the fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to its underlying benchmark.

The fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Index, by investing in companies outside the United States.

The Index is intended to reflect the performance of gold as measured by the price of COMEX gold futures contracts.

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 invests in Financial Instruments that include futures contracts, swap agreements, forward contracts, option contracts, and other instruments.

The team utilizes a mathematical approach to determine the type, quantity and mix of Financial Instruments the fund should hold to produce daily returns.

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.

Additionally, the fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to its underlying benchmark.

The fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Index, by investing in companies outside the United States.

The Index is intended to reflect the performance of silver as measured by the price of COMEX silver futures contracts.

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 invests in Financial Instruments that include futures contracts, swap agreements, forward contracts, option contracts, and other instruments.

The team utilizes a mathematical approach to determine the type, quantity and mix of Financial Instruments the fund should hold to produce daily returns.

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.

Additionally, the fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to its underlying benchmark.

The fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Index, by investing in companies outside the United States.

The Index is composed of crude oil futures contracts and aims to track the performance of 3 separate contract schedules for WTI Crude Oil futures.

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 invests in Financial Instruments that include futures contracts, swap agreements, forward contracts, option contracts, and other instruments.

The team utilizes a mathematical approach to determine the type, quantity and mix of Financial Instruments the fund should hold to produce daily returns.

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.

Additionally, the fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to its underlying benchmark.

The fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Index, by investing in companies outside the United States.

The Index is intended to reflect the natural gas segment of the commodities market, and consists of futures contracts on natural gas only.

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 invests in Financial Instruments that include futures contracts, swap agreements, forward contracts, option contracts, and other instruments.

The team utilizes a mathematical approach to determine the type, quantity and mix of Financial Instruments the fund should hold to produce daily returns.

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.

Additionally, the fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to its underlying benchmark.

The fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Index, by investing in companies outside the United States.

The Index is intended to reflect the performance of gold as measured by the price of COMEX gold futures contracts.

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 invests in Financial Instruments that include futures contracts, swap agreements, forward contracts, option contracts, and other instruments.

The team utilizes a mathematical approach to determine the type, quantity and mix of Financial Instruments the fund should hold to produce daily returns.

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.

Additionally, the fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to its underlying benchmark.

The fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance the Index, by investing in companies outside the United States.

The Index is intended to reflect the performance of silver as measured by the price of COMEX silver futures contracts.

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 invests in Financial Instruments that include futures contracts, swap agreements, forward contracts, option contracts, and other instruments.

The team utilizes a mathematical approach to determine the type, quantity and mix of Financial Instruments the fund should hold to produce daily returns.

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.

Additionally, the fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to its underlying benchmark.

The fund seeks to reflect the performance of the price of gold bullion, before fees and expenses, by investing in companies outside the United States.

The spot price for gold bullion is determined by market forces in the 24-hour global over-the-counter (OTC) market for gold.

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 believes that the Shares represent a cost-effective investment in gold.

The Shares represent units of fractional undivided beneficial interest in and ownership of the fund and will be offered on a continuous basis.

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 reflect the performance of the price of gold bullion, before fees and expenses, by investing in companies outside the United States.

The spot price for gold bullion is determined by market forces in the 24-hour global over-the-counter (OTC) market for gold.

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 believes that the Shares represent a cost-effective investment in gold.

The Shares represent units of fractional undivided beneficial interest in and ownership of the Trust.

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 gain exposure to the price of corn, wheat, soybean and sugar futures in a brokerage account, by investing in companies outside the United States.

Also, the fund seeks to provide daily investment results that reflect the combined daily performance of four other commodity pools that are series of the Trust, specifically the Teucrium Corn Fund, the Teucrium Wheat Fund, the Teucrium Soybean Fund and the Teucrium Sugar Fund (the Underlying Funds).

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 invests equally in shares of each Underlying Fund and, to a lesser extent, cash equivalents.

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 does not track the spot price of corn, wheat, soybeans or sugar cane.

The fund seeks to gain exposure to the price of corn futures in a brokerage account, 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 focuses on the daily changes in the NAV of the fund’s shares, which reflect the daily changes in the corn market for future delivery as measured by the Benchmark.

The Benchmark is a weighted average of the closing settlement prices for three futures contracts for corn (Corn Futures Contracts) that are traded on the Chicago Board of Trade.

The three Corn Futures Contracts that at any given time make up the Benchmark are the Benchmark Component Futures Contracts.

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 estimates that 100% of its net assets will be invested in Benchmark Component Futures Contracts and in cash and cash equivalents.

However, the fund does not track the spot price of corn.

The fund seeks to gain exposure to the price of sugar futures in a brokerage account, 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 focuses on the daily changes in the NAV of the fund’s shares, which reflect the daily changes in the sugar market for future delivery as measured by the Benchmark.

The Benchmark is a weighted average of the closing settlement prices for three futures contracts for No. 11 Sugar (Sugar Futures Contracts) that are traded on the ICE Futures US.

The three Sugar No. 11 Futures Contracts that at any given time make up the Benchmark are the Benchmark Component Futures Contracts.

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 estimates that 100% of its net assets will be invested in Benchmark Component Futures Contracts and in cash and cash equivalents.

However, the fund does not track the spot price of sugar cane.

The fund seeks to gain exposure to the price of wheat futures in a brokerage account, 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 focuses on the daily changes in the NAV of the fund’s shares, which reflect the daily changes in the wheat market for future delivery as measured by the Benchmark.

The Benchmark is a weighted average of the closing settlement prices for three futures contracts for wheat (Wheat Futures Contracts) that are traded on the Chicago Board of Trade.

The three Wheat Futures Contracts that at any given time make up the Benchmark are the Benchmark Component Futures Contracts.

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 estimates that 100% of its net assets will be invested in Benchmark Component Futures Contracts and in cash and cash equivalents.

However, the fund does not track the spot price of wheat.

The fund seeks to track the price movements of natural gas, 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’s goal is for the daily changes in percentage terms of the fund’s shares’ per share net asset value to reflect the daily changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana.

The calculation for net asset value is as measured by the daily changes in the average of the prices of specified short-term futures contracts on natural gas called the Benchmark Futures Contracts, plus interest earned on the fund’s collateral holdings, less expenses.

The Benchmark Futures Contracts are the futures contracts on natural gas as traded on the New York Mercantile Exchange that are the near month contract to expire, and the contracts for the following 11 months, for a total of 12 consecutive months’ contracts.

However, when the near month contract is within two weeks of expiration, in which case they are measured by the futures contracts that are the next month contract to expire and the contracts for the following 11 consecutive months.

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 portfolio consists of listed natural gas futures contracts and other natural gas related futures contracts and may consist of forwards and swap contracts.

These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

The fund seeks to track the movements of West Texas Intermediate light, sweet crude oil, 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’s goal is for the daily changes in percentage terms of the fund’s per share net asset value to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma.

The calculation for net asset value is as measured by the daily changes in the average of the prices of specified short-term futures contracts on light, sweet crude oil called the Benchmark Oil Futures Contracts, plus interest earned on the fund’s collateral holdings, less expenses.

The Benchmark Oil Futures Contracts are the futures contracts on light, sweet crude oil as traded on the New York Mercantile Exchange that is the near month contract to expire, and the contracts for the following 11 months, for a total of 12 consecutive months’ contracts.

However, when the near month contract is within two weeks of expiration, in which case it will be the futures contract that is the next month contract to expire and the contracts for the following 11 consecutive months.

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 portfolio consists of listed crude oil futures contracts and other oil-related futures and may consist of forwards and swap contracts.

These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

The fund seeks to track the movements of Brent crude oil, 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’s goal is for the daily changes in percentage terms of the fund’s shares’ per share net asset value to reflect the daily changes in percentage terms of the spot price of Brent crude oil.

The calculation for net asset value is as measured by the daily changes in the price of a specified short-term futures contract on Brent crude oil called the Benchmark Futures Contract, plus interest earned on the fund’s collateral holdings, less expenses.

The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the ICE Futures Europe Exchange that is the near month contract to expire.

However, when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.

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 portfolio consists of listed crude oil futures contracts and other oil-related futures and may consist of forwards and swap contracts.

These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

The fund seeks daily changes in percentage terms of its shares’ net asset value to reflect the daily changes in percentage terms of the Index, before fees and expenses, by investing in companies outside the United States.

The Index is designed to reflect the performance of a portfolio of 14 commodity futures.

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 invests significantly in the Benchmark Component Futures Contracts.

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 portfolio consists of listed futures contracts and other commodity-related investments and may consist of forwards and swap contracts.

These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

The fund seeks daily changes in percentage terms of its shares’ net asset value to reflect the daily changes in percentage terms of the Index, before fees and expenses, by investing in companies outside the United States.

The Index is designed to reflect the performance of the investment returns from a portfolio of copper futures contracts on the COMEX exchange.

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 invests significantly in the Benchmark Component Copper Futures Contracts.

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 portfolio consists of listed copper futures contracts and other copper-related futures and may consist of forwards and swap contracts.

These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

The fund seeks to track in percentage terms the movements of gasoline prices, 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’s goal is for the daily changes in percentage terms of the fund’s shares per share net asset value to reflect the daily changes in percentage terms of the spot price of gasoline, for delivery to the New York harbor.

The calculation for net asset value is as measured by the daily changes in the price of a specified short-term futures contract on gasoline called the Benchmark Futures Contract, plus interest earned on the fund’s collateral holdings, less expenses.

The Benchmark Futures Contract is the futures contract on gasoline as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be the futures contract that is the next month contract to expire.

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 portfolio consists of listed gasoline futures contracts and other gasoline related futures contracts and may consist of forwards and swap contracts.

These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

The fund seeks to track in percentage terms the movements of natural gas prices, 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’s goal is for the daily changes in percentage terms of the fund’s shares’ per share net asset value to reflect the daily changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana.

The calculation for net asset value is as measured by the daily changes in the price of a specified short-term futures contract called the Benchmark Futures Contract, plus interest earned on the fund’s collateral holdings, less expenses.

The Benchmark Futures Contract is the futures contract on natural gas as traded on the New York Mercantile Exchange that is the near month contract to expire.

However, when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.

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 portfolio consists of listed natural gas futures contracts and other natural gas related futures contracts, forwards and swap contracts.

These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

The fund seeks total return in the long term by investing in companies outside the United States.

The fund seeks to maintain substantial economic exposure to the performance of the commodities markets.

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 gains exposure to the commodities markets primarily by investing in a wholly-owned Cayman Islands subsidiary of the fund (the Subsidiary).

However, the team will not invest more than 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.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

Also, the fund may invest in Commodity-Linked Investments directly or indirectly through the Subsidiary.

The fund seeks to provide the opportunity to access the gold market through a traditional brokerage account, 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 invests in gold through Shares. Each share represents a fractional undivided beneficial interest in the Trust’s net assets.

The team focuses on providing investors with an opportunity to be able to take delivery of physical gold in exchange for their Shares.

Additionally, the team’s objective is for the Shares to reflect the performance of the price of gold less the expenses of the Trust’s operations.

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.

Physical gold that the fund holds includes London Bars and, other gold bars and coins, without numismatic value, having a minimum fineness (or purity) of 995 parts per 1,000 (99.5%) or, for American Gold Eagle gold coins, with a minimum fineness of 91.67%.

The fund does not hold or employ derivatives.

The fund seeks positive total returns in rising or falling markets by investing in companies outside the United States.

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 the four commodity sectors of Energy, Agriculture, Industrial Metals, and Precious Metals primarily through investments in futures contracts.

Within these four sectors, the team focuses on commodities, such as Brent Crude Oil, West Texas Intermediate Crude Oil, Natural Gas, RBOB Gasoline, Low Sulfur Gas Oil, ULS Diesel, Live Cattle, Feeder Cattle, Lean Hogs, Soybeans, Soybean Oil, Soybean Meal, Wheat, Kansas Wheat (Hard Red Wheat), Sugar, Corn, Coffee, Cocoa, Cotton, Copper, Tin, Aluminum, Zinc, Nickel, Lead, Gold, Platinum, and Silver.

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 may also invest up to 5% of its net assets in bitcoin futures contracts.

Also, the fund may invest in Treasury securities and other liquid short-term investments as collateral for its commodity futures contracts.

The fund seeks to gain exposure to commodity markets, in whole or in part, through investments in a subsidiary organized in the Cayman Islands (the WisdomTree Subsidiary).

However, the fund’s investment in the WisdomTree Subsidiary may not exceed 25% of its net assets.

The fund is non-diversified, meaning that a relatively high percentage of its assets may be invested in a limited number of issuers.

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.

The Index measures the return of a covered call strategy on the shares of the United States Oil Fund (the Oil Fund, and such shares the Reference Oil Shares).

Next, the research team invests in exchange traded notes.

The ETNs are senior unsecured obligations of Credit Suisse AG, acting through its Nassau Branch, maturing April 24, 2037, unless the maturity is extended.

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 ETNs will pay a variable monthly Coupon Amount based on the notional option premiums received from the sale of monthly call options on the Reference Oil Shares.