Companies in these sectors operate in markets that are characterized by rapid change, evolving industry standards, frequent new service and product announcements, introductions, enhancements and changing customer demands. Investing in smaller companies can involve risks such as less publicly available information than larger companies, volatility and less liquidity. International investing can involve greater currency fluctuations and less political and economic stability. Short selling is the sale of a borrowed security, and the price of the security can increase between the date the security is sold and the date when the fund must replace it. Investing in a particular sector can involve greater market fluctuation.
Past performance is no guarantee of future results.
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