Hawaiian Telcom Holdco Inc. [HCOM]

HCOM is an actively managed ETF that invests in a range of commodity-related derivative instruments, primarily futures contracts, but also other commodity-based ETFs, options on commodity indices, equities of commodity-related companies, swaps, and structured notes. These investments are made exclusively through a subsidiary organized under the laws of the Cayman Islands. The exposure and allocation to various commodities is expected to change from time to time based on the fund advisers fundamental, quantitative, and technical research. The research may also include some ESG factors as well. Individual positions may be both long and short yet resulting in net long exposure to a particular commodity. In managing the funds collateral, the portfolio may hold foreign currency through currency derivatives.