So investiert der BNP Paribas Flexi I Commodities N USD Capitalisation Fonds: The fund seeks to increase the value of its assets over the medium term. The objective of this sub-fund is to outperform its benchmark, the Bloomberg Commodity ex-Agriculture and Livestock Capped Total Return Index. This sub-fund invests at least 2/3 of its assets in bonds or other similar securities, money market instruments, transferable securities linked to prices for commodities of any kind. The remaining portion, namely a maximum of 1/3 of its assets, may be invested in any other transferable securities, money market instruments, or cash, and up to 10% of its assets may be invested in UCITS or UCIs. The sub-fund does not hold commodities directly.