Different asset classes pose different risks
It's important to understand the risks related to any investment you make, whether it's the risk of not keeping up with inflation by owning stable assets or losing value on investments that fluctuate and therefore offer the potential for growth. The following summary of principal risks is taken from the Fund's prospectus which also provides a more detailed description of these and other risks of investing in the Fund.
Concentration of alternative energy investing
Investing a substantial portion (more than 25%) of the Fund's assets in alternative energy-related industries or sectors may have greater risks because companies in these sectors may share common characteristics and may react similarly to market developments. Alternative energy stocks might experience weak demand if the price of oil, gas or electricity declines sharply for a period. In addition, companies involved in alternative energy, including suppliers and related companies who participate indirectly, can similarly be impacted by technological risk and risk of obsolescence, regulatory and legislative developments, commodity price volatility and raw material availability.
Emerging markets
Emerging market countries may be under-capitalized, have less developed legal and financial systems or may have less stable currencies than markets in the developed world.
Foreign securities
Foreign securities can be more volatile than domestic (U.S.) securities because markets of other countries are generally smaller than U.S. securities markets and foreign securities may be less liquid and more volatile than U.S. securities.
Management
Management risk means that your investment in the Fund varies with the success and failure of the Advisor's investment strategies and the Advisor's research, analysis and determination of portfolio securities.
Market
There is the risk that the market value of a security may move up and down, sometimes rapidly and unpredictably.
New Fund
There can be no assurance that the Fund will grow to or maintain an economically viable size, in which case the Board of Trustees (the"Board") may determine to liquidate the Fund.
Options
Options on securities may be subject to greater fluctuations in value than an investment in the underlying securities.Purchasing and writing put and call options are highly specialized activities and entail greater than ordinary investment risks.
Small companies
Securities of companies with smaller market capitalizations tend to be more volatile and less liquid than larger company stocks.