DWS Global Commodities Stock Fund, Inc.
(Effective on or about March 31, 2010: DWS Enhanced Commodity Strategy Fund, Inc.)
January 29, 2010 06:06 PM Eastern Time
NEW YORK--(EON: Enhanced Online News)--DWS Global Commodities Stock Fund, Inc. (NYSE:GCS)
today announced clarification of the investment changes first announced on January 20, 2010.
The Board of Directors has approved a change in the Fund’s investment approach from a blended approach
involving investments in companies in commodities-related industries and direct commodity investments to an
actively-managed direct commodity strategy.
The Fund will invest under normal circumstances in commodity-linked derivative instruments backed by a portfolio
of fixed income securities, including inflation-indexed securities, of varying maturities issued by the US government,
non-US governments, their agencies or instrumentalities, and US and non-US corporations and derivatives related to
each of these types of securities. This will replace the Fund’s current investment policy of investing substantially all
but not less than 80% of its total assets in equity and commodities-linked securities of companies in commodities-
related industries or other issuers where the value of the investment is linked to changes in commodity prices or a
commodities-related index. Other changes to the Fund’s investment policies that will be made to facilitate
implementation of its new strategy will be described in its upcoming semi-annual report to shareholders for the fiscal
period ended December 31, 2009 and a 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 Fund. The Dow Jones UBS Commodity Index will replace the current blended benchmarks (40%
MSCI World Energy Index, 40% MSCI World Material Index and 20% S&P Goldman Sachs Commodity Index)
as the Fund’s benchmark index.
In connection with the implement