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DERIVATIVE TRANSACTIONS, INCLUDING FUTURES, ARE COMPLEX AND CARRY A RISK OF SUBSTANTIAL LOSSES. THEY ARE INTENDED FOR SOPHISTICATED INVESTORS WHO UNDERSTAND RISK. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.  It is necessary to carefully consider whether such trading is appropriate in light of the financial circumstances of the interested investor. A potential loss cannot be predicted in advance and may exceed any posted collateral (margin). When deciding whether to trade or authorize someone else to trade, interested investors should be aware of all risk factors, which are detailed in our Disclosure Document, which is available upon request.

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