Global X Commodity Strategy ETF (COMD) Stock Price, Quote, News & History | Benzinga

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of the value of its assets in instruments that provide exposure to commodities. Commodities are assets such as metals, oil, natural gas, or agricultural products. The Fund will hold U.S. Treasury securities, cash and cash equivalents, shares of the Global X 1-3 Month T-Bill ETF, a passively managed exchange-traded fund and affiliate of the Fund, and shares of the Global X Subsidiary (as defined below) that invests in futures providing exposure to physical Commodities and/or exchange-traded products (ETPs) that invest in physical Commodities (Physical Commodity ETPs). The Funds 80 percent investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. While the Fund will not invest directly in physical Commodities, it is anticipated that the Fund will gain exposure to Commodities through Commodities futures contracts and Physical Commodity ETPs. The Fund will primarily invest in commodity futures contracts that correspond to the commodity exposures included in the Bloomberg Commodity Index (the Reference Index). The Fund may also invest in commodity futures contracts and Physical Commodity ETPs not included in the Reference Index, including off-benchmark commodity futures. Physical Commodity ETPs are not registered under the Investment Company Act of 1940, as amended, and are treated as grantor trusts for tax purposes. The Funds holdings in cash, cash equivalents, and U.S. Treasury securities may be used as collateral for futures contracts.