Risk Disclaimer
All investments of the Fund risk the loss of capital. The nature of the securities to be purchased and traded for the Fund and the investment techniques and strategies to be employed in an effort to increase profits may increase this risk. Many unforeseeable events, including actions by various government agencies, and domestic and international political events, may cause sharp market fluctuations. Changes in the macroeconomic environment, including, for example, interest rates, inflation rates, industry conditions, competition, technological developments, political events and trends, changes to tax laws, currency exchange rates, regulatory policy, employment and consumer demand and innumerable other factors, can substantially and adversely affect the performance of an investment of the Fund. None of these conditions will be within the control of the Fund and there can be no assurance that the Fund will not incur losses.