iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN

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.