Subsequent Events

9 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

(12) Subsequent Events

The Managing Owner has appointed RPM Risk & Portfolio Management AB (“RPM” or the “Investment Manager”) as Investment Manager to the Trust, pursuant to an Investment Management Agreement, dated August 30, 2013.

A copy of the Investment Management Agreement is filed as Exhibit 10.01 to this report.

The Trust remains a multi-advisor commodity pool where trading decisions for the Trust are delegated to multiple independent commodity trading advisors via advisory agreements.  With the Trust’s appointment of RPM as Investment Manager, the Trust’s assets will be allocated to commodity trading advisors through the Investment Manager’s “Evolving Manager Program.”  The Investment Manager will assume responsibility for selecting, monitoring and managing the commodity trading advisors utilized by the Trust. On October 22, 2013, a Second Amendment to the Trust Agreement was entered into to reflect certain updates to the fees and expenses of the Trust in connection with the appointment of the Investment Manager.  The change in fees and expenses are not expected to significantly affect Class A and Class B unitholders.

A copy of the Second Amendment is filed as Exhibit 3.03 to this report.

On September 2, 2013, the Managing Owner distributed a notice on behalf of the Trust to its unitholders reflecting such fee and expense udpates.

A copy of the notice is filed as Exhibit 99.01 to this report.