Fund Objective
The objective of the Close Enhanced Commodities Fund ("the Fund") is to provide a geared exposure to any increase in the value of a notional portfolio of commodities, combined with full capital protection on redemption.
The Fund has a five year life and provides a capital amount of 100 pence per Share on the Redemption Date as well as a growth amount equal to two times any percentage increase in the End Value of the Commodity Portfolio relative to its Start Value. The End Value will be the average value of the Commodity Portfolio over the one year period ending on 22 February 2010.
The Commodity Portfolio is a notional portfolio of commodities comprising by value on the Start Date one-third crude oil, one-third gold and one-third industrial metals (equally weighted between aluminium, copper and zinc).
|
Key Facts
|
|
Classification
|
Investment Company
|
|
No. of Shares
|
33.7 million
|
|
Bank Debt
|
None
|
|
Traded On
|
London Stock Exchange
|
|
Launch Date
|
23 February 2005
|
|
Redemption Date
|
24 February 2010
|
|
Launch Price
|
100 pence
|
|
Management Fees
|
0.35% pa
|
|
Currency
|
£ Sterling
|
|
Sedol Code
|
B05QHC3
|
|
ISIN
|
GB00B05QHC32
|
|
Ticker
|
CED
|
|
Company's Year End
|
28 February
|
|