The Fund is speculative and involves a high degree of risk. An investment in the Fund involves significant risks not associated with other investment vehicles and is suitable only for persons of adequate financial means. There can be no assurance that the Fund will successfully implement its investment strategy and achieve its investment objectives or that investors will not lose all or a portion of their investment in the Fund.

You should consider an investment in the Fund as a supplement to an overall investment program and should only invest if you are willing to undertake the risks involved. Investors should carefully consider their ability to assume the following risks before making an investment in the Fund.