A commodity pool is a type of investment vehicle that pools together funds from multiple investors and invests them in a variety of commodities, such as futures contracts, options, and other derivatives. The pool is managed by a professional commodity pool operator (CPO) who makes decisions about which commodities to invest in and when to buy and sell them. The CPO also handles the administrative tasks associated with the pool, such as collecting and distributing funds, providing investors with regular reports, and ensuring compliance with applicable regulations.