The investment objective of the sub-fund is to replicate the performance of the BNP Paribas Energy & Metals Enhanced Roll (TR) Index (Bloomberg: BNPIC52T) (the “Index”), including fluctuations, and to maintain the Tracking Error between the sub-fund and the Index below 1%. The Index General Description The Index represents a diversified investment in a basket of commodity futures indices, excluding commodities classified as agriculture and livestock, with the objective to optimise the roll mechanism and reduce the carry costs usually associated to commodities futures contracts holding. Each single commodity is represented by its own reference index.