Fund Objective
The objective of the Close Enhanced Commodities Fund II("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 six 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 31 May 2013.
The Commodity Portfolio is a notional portfolio of commodities equally split by value on the Start Date between oil, copper, aluminium, zinc, nickel, sugar, corn and wheat
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Key Facts
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Classification
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Investment Company
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No of Shares
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45.25 million
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Bank Debt
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None
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Traded On
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London Stock Exchange
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Launch Date
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1 June 2007
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Redemption Date
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June 2013
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Launch price
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100 pence
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Management Fees
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0.35% pa
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Currency
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£ sterling
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ISIN
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GG00B1WT2P00
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Ticker
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CED2
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Company's Year End
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30 June
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