The Commodity Discovery Fund has existed since the summer of 2008, which turned out to be the peak of the past commodity cycle. Since then, the raw materials index (CRB) has fallen by 75%. However, the value of our fund, since inception and adjusted for costs, has remained virtually unchanged. The intrinsic value per individual participation is called the Net Asset Value (NAV). The value is calculated independently at the end of each month by our administrator Circle Partners. They provide this service for over one hundred different investment funds. In addition, annually our financial reports are audited by Ernst & Young. Twice a week you will find the (indicative) Net Asset Value (NAV) per participation, as calculated by the fund manager. The fund publishes a monthly report, which is send to all participants.
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