Investing involves significant risk. Consider objectives, experience, and risk appetite before investing. You may lose some or all of your investment.

Market Risk: Value may fluctuate due to market conditions (interest rates, politics, economy, sentiment).

Investment Risk: No guarantee of success; principal may be lost.

Liquidity Risk: Illiquid securities may be hard to sell, leading to losses.

Concentration Risk: Limited investments increase volatility and risk.

Leverage Risk: Leverage amplifies gains and losses, potentially causing greater losses.

Counterparty Risk: Counterparties may fail to fulfill obligations.

Operational Risk: Human error, system failures, fraud may occur.

Legal and Regulatory Risk: Changes in laws and regulations can affect operations and costs.

Tax Risk: Complex tax laws and changes can impact the fund’s tax status.

Important Note: Not an exhaustive list. Consult advisors before investing.

Past & Future Performance: Past performance does not guarantee future results.