Risk Factors.
−Removed: Investments in futures contracts are subject
−Removed: to current position limits and accountability levels established by the exchanges.
−Removed: Accordingly, the Sponsor and the Funds may be required
−Removed: to reduce the size of outstanding positions or be restricted from entering into new positions that would otherwise be taken for a Fund
−Removed: 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, if
−Removed: implemented, could limit the ability of each Fund to invest in additional futures contracts, add to existing positions in the desired
−Removed: amount, or create additional Creation Units and could otherwise have a significant negative impact on Fund operations and performance,
−Removed: decreasing a Fund’s correlation to the performance of its benchmark, and otherwise preventing a Fund from achieving its investment
+Added: Investments in futures contracts are subject to current
+Added: position limits and accountability levels established by the exchanges.
+Added: Accordingly, the Sponsor and the Funds may be required to reduce
+Added: the size of outstanding positions or be restricted from entering into new positions that would otherwise be taken for a Fund or not trade
+Added: in certain markets on behalf of the Fund in order to comply with those limits or any future limits.
+Added: These restrictions, if implemented,
+Added: could limit the ability of each Fund to invest in additional futures contracts, add to existing positions in the desired amount, or create
+Added: additional Creation Units and could otherwise have a significant negative impact on Fund operations and performance, decreasing a Fund’s
+Added: correlation to the performance of its benchmark, and otherwise preventing a Fund from achieving its investment objective.
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.