The investment objective of the fund is to deliver the performance of the UBS Bloomberg CMCI Ex-Agriculture Ex-Livestock Capped Index EUR Hedged Total Return.The fund synthetically replicates the index performance by investing in a swap. The UBS Bloomberg CMCI Ex-Agriculture Ex-Livestock Capped Index EUR Hedged Total Return was developed to offer investors a currency hedged to EUR commodity index that recognized the various maturities of commodity futures contracts while excluding exposure to two commodity categories of agriculture and livestock. The Index enables the construction of commodity exposures across maturities and across three commodity categories of energy, industrial- and precious metals with up to 14 components.