DWS Global Commodities Stock Fund, Inc. Announceme
(Effective on or about March 31, 2010: DWS Enhanced Commodity Strategy Fund, Inc.)
January 20, 2010 04:15 PM Eastern Time
NEW YORK--(EON: Enhanced Online News)--DWS Global Commodities Stock Fund, Inc. (NYSE:GCS) announced today
Directors has approved a change in the Fund’s investment approach from a blended approach into an actively-managed direct com
strategy. In conjunction with the strategy change, the Fund’s investment objective will change from capital appreciation to total retur
The Fund will seek to achieve its investment objective by investing under normal circumstances in commodity-linked derivative instr
a portfolio of fixed income securities, including inflation-indexed securities, of varying maturities issued by the US government, non-
their agencies or instrumentalities, and US and non-US corporations and derivatives related to each of these types of securities. This
Fund’s current investment policy of investing substantially all but not less than 80% of its total assets in equity and commodities-linke
companies in commodities-related industries or other issuers where the value of the investment is linked to changes in commodity pri
commodities-related index. Other changes to the Fund’s investment policies that will be made to facilitate implementation of its new
objective and strategy will be described in its upcoming semi-annual report to shareholders for the fiscal period ended December 3
written notice that will be mailed to shareholders of the Fund.
Bill Chepolis, Matt MacDonald, and Darwei Kung will replace the existing portfolio managers to manage the new strategy of the Fu
Jones UBS Commodity Index will replace the current blended benchmarks (40% MSCI World Energy Index, 40% MSCI World
20% S&P Goldman Sachs Commodity Index) as the Fund’s benchmark index.
In connection with the implementation of the Fund’s new investment objective and strategy, the Fund’s name will be changed to D
Commodity Strategy Fund, Inc.
The changes ar