Consolidating class c commodity inventory

* This is the combined weighting of holdings that we are actively trading.When we are active in the market we won't announce the position until trading is complete to give us the best chance of obtaining good prices for our trading activity.

The work is high margin, typically around 15%, more in the core Consumer Products division and represents one of their customers’ smaller costs.Fast Moving Consumer Goods (FMCG), when designed well and marketed effectively, are a great source of predictable growth.The company has a sharp focus on innovation, adding new variants to an existing brand to extend its reach and keep it fresh with the consumer.The information shown is not personal advice and the information about individual companies represents our view as managers of the fund.It is not a personal recommendation to invest in a particular company.

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