Investment Objective: iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF (GBP)
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ROLG |
The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Bloomberg Enhanced Roll Yield Total Return Index. In order to achieve this investment objective, the investment policy of the Fund is to invest in FDI, in particular unfunded total return swaps, which will seek to deliver to this Fund a return that reflects the performance of the Bloomberg Enhanced Roll Yield Total Return Index, the Fund’s Benchmark Index. When using unfunded total return swaps, the Fund will invest directly in US Treasury Bills, in particular 0-12 month US Treasury Bills, and, under the terms of unfunded total return swaps, the Fund will exchange the 3 month US Treasury rate for the return of the Benchmark Index. The swaps with counterparties will be entered into on such terms and in such manner as determined by the Investment Manager. |