As discussed in the "Investment Objectives & Strategy" section of this Memorandum, the Fund may use leverage in the purchase and sale of securities positions. Brokerage firms will typically allow the Fund to use leverage to purchase securities through the use of "margin accounts." To the extent that a brokerage firm "calls" a margin account, however, they may require the Fund to deposit additional assets to cover or reduce the use of leverage in these accounts. The Fund may be subject to losses when a margin loan is called if the Fund is required to liquidate other positions at a loss in order to cover the margin loan.