nderlying Funds may be reduced. Particularly during downward market cycles or when financing is difficult to obtain, the competition for certain of an Underlying Fund's transactions as do occur can be especially intense, and an Underlying Fund will be competing with investors (including other funds generally similar

rt the convertible security into the underlying common stock, despite its obligation to do so. Any of these actions could have an adverse effect on an Underlying Fund's ability to achieve its investment objective. ETFs The public trading price of shares in an Exchange-Traded Fund ("ETF") may be different from the