SPDR Commodity UCITS (Acc) 

The ETFS Bullish USD vs Commodity Currency Basket (SCOM) is designed to provide investors with a short exposure to a basket of currencies whose economies are reliant on the export of commodities by tracking the Diversified Commodity Short Basket Index (USD) (TR) (the Index). SCOM is an exchange traded currency (ETC). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC obtains exposure to the Index by entering into unfunded swaps with a counterparty. There is no upfront cash payment by the Issuer to the counterparty when an unfunded swap is created. However, daily cash payments are made between the Issuer and the counterparty to reflect the daily movements in the value of the Index.