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Trading on margin carries a higher risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in a leveraged fund, you should ensure you fully understand the market and have considered your investment objectives and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment, and therefore you should not invest money that you cannot afford to lose. Past performance is not necessarily indicative of future results.