CTF holds a “portfolio of exchange-traded commodity futures contracts that are among the most actively traded futures contracts in global commodity markets,” according to Nuveen.
That mutual fund, which charges 1.61% per year, allocated a combined 31.1% of its weight to Brent crude and gas oil instruments at the end of November.
“A proposal to convert the funds to ETFs will be submitted to a vote at each fund’s next annual meeting of shareholders, expected to be held on or before March 31, 2015,” according to Nuveen.
ETF Trends editorial team contributed to this post.