Risk Factors.
−Removed: Investments in futures contracts are
−Removed: subject to current position limits and accountability levels established by the exchanges.
−Removed: Accordingly, the Sponsor and the Funds may
−Removed: be required to reduce the size of outstanding positions or be restricted from entering into new positions that would otherwise be taken
−Removed: for a Fund or not trade in certain markets on behalf of the Fund in order to comply with those limits or any future limits.
−Removed: These restrictions,
−Removed: if implemented, could limit the ability of each Fund to invest in additional futures contracts, add to existing positions in the desired
+Added: Investments in futures contracts are subject to
+Added: current position limits and accountability levels established by the exchanges.
+Added: Accordingly, the Sponsor and the Funds may be required
+Added: to reduce the size of outstanding positions or be restricted from entering into new positions that would otherwise be taken for a Fund
+Added: or not trade in certain markets on behalf of the Fund in order to comply with those limits or any future limits.
+Added: These restrictions, if
+Added: implemented, could limit the ability of each Fund to invest in additional futures contracts, add to existing positions in the desired
amount, or create additional Creation Units and could otherwise have a significant negative impact on Fund operations and performance,
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.