Risks Associated With Investing Directly or Indirectly in Sugar
Investing in Sugar Interests subjects the Fund to the risks of
the world sugar market, and this could result in substantial
fluctuations in the price of the Fund’s Shares. The Fund is
subject to the risks and hazards of the world sugar market
because it invests in Sugar Interests. The two primary sources
for the production of sugar are sugarcane and sugar beets, both
of which are grown in various countries around the world. The
risks and hazards that are inherent in the world sugar market
may cause the price of sugar to fluctuate widely. If the changes
in percentage terms of the Fund’s Shares accurately track the
percentage changes in the Benchmark or the spot price of sugar,
then the price of its Shares will fluctuate accordingly. • The
global price and availability of sugar is influenced by economic
and industry conditions, including but not limited to supply and
demand factors such as: crop disease; weed control; water
availability; various pl