MitonOptimal Core Commodities Fund


 Fund Objectives

The MitonOptimal Core Commodity Fund (“Core Commodities”) is a sub-fund of the MitonOptimal Offshore Fund. It employs an unconstrained mandate (no benchmark) to invest in the global commodity markets via derivatives listed on regulated exchanges. It seeks to profit from both bull and bear trends in commodities by taking long and/or short positions, and may make use of up to 100% gearing.


Investment Process

The investment process combines fundamental and technical analysis into a systematic directional investment approach that participates in both intermediate and long-term time frames. It trades a diversified commodity portfolio of agricultural, energy and metal derivative contracts selected on the basis of liquidity and correlation.

The investment process analyses expectations of economic growth, commodity supply & demand, and price behaviour for capital allocation, trade identification and position management. It incorporates a dynamic money management routine which includes the systematic and continuous normalisation of risk through out the duration of all trades.

Fund Classes Available

*Class available on request. Please contact us for further details.

Fund ClassMinimum Initial Subscription*Maximum Upfront FeeAMCAdditional Information
Core Commodities (USD) ClassGBP 5,0005.00%1.00%n/a

Further Information

Objective:3-Month USD LIBOR Rate
Launch DateApril 2014
Minimum monthly investment:US$5,000
Performance Fee20% and High Water Mark (paid quarterly)
Dealing DayMonthly - First business day of the month


Name: JTC Fund Solutions (Guernsey) Limited

PO Box 156, Dorey Court, Admiral Park, St Peter Port, Guernsey,
Channel Islands, GY1 4EU

Telephone: +44 1481 702400

Email: [email protected]

Trustee and custodian

Name: Butterfield Bank (Guernsey) Limited

Butterfield Bank (Guernsey) Limited,
PO Box 25, Regency Court, Glategny Esplanade,
St Peter Port, Guernsey GY1 3AP

Telephone: +44 (0)1481 711521


Fund Managers

Andy PfaffAndy Pfaff – Commodities Fund Manager

The information contained in this document has been issued by MitonOptimal Portfolio Management (CI) Limited (Company Registration No. 36763), which is licensed and regulated by the Guernsey Financial Services Commission under the Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended. The Fund is authorised as a Class “B” Scheme by the Guernsey Financial Services Commission pursuant to the Protection of Investors (Bailiwick of Guernsey) Law 1987 and the rules made thereunder. Units in the Fund are not available for sale and may not be offered for sale directly in South Africa or the United Kingdom, or any state or jurisdiction in which such offer or sale would be prohibited. Please note, the Fund has not been registered, nor will be registered, under the United States Investment Company Act of 1940 and the units have not been registered, nor will be registered, under the United States of America Securities Act of 1933 (as amended). None of the units may be offered or sold, directly or indirectly. Subscriptions will only be received and units issued on the basis of the current prospectus for the Fund. It is intended solely for the use of the person to whom it is sent. It is not an invitation to subscribe and is for information purposes only. Please note that the value of funds and assets (and the income from them) may go down as well as up and may be affected by, amongst other things, changes in rates of exchange. Past performance is not indicative of future performance and the success of the Fund will be dependent on the performance of MitonOptimal. An investor may not get back, on redemption or otherwise, the amount invested. Performance is calculated on a total return basis in the currency of the Fund. The Fund size quoted is a total of all classes in the Fund. Risk characteristics are calculated on the basis of monthly investment returns.


MitonOptimal Portfolio Management (CI) Limited
PO Box 354,
St Peter Port,


+44 (0)1481 740044

Regulatory Information

MitonOptimal Portfolio Management (CI) Limited (Registration No. 36763) is licensed and regulated by the Guernsey Financial Services Commission under the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended.


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