Disclosure: All securities investments risk the loss of capital. No guarantee or representation is made that the Fund, or any of Bull & Bear’s investment solutions, will achieve its investment objective. An investment in the Fund is speculative and involves certain considerations and risk factors that prospective investors should consider before subscribing. The practices of leverage and derivatives trading and other investment techniques which the Fund expects to employ can, in certain circumstances, result in significant losses. Under certain circumstances, an investment in the Fund involves the risk of a substantial loss of such investment. Investors should be able to bear the loss of their entire investment in the Fund, and their investment in the Fund should not be their sole significant investment. Investors are also reminded that past performance should not be seen as an indication of future performance and that they might not get back the amount that they originally invested. Tables, charts, and commentary contained in this document have been prepared on a best efforts basis by Bull & Bear using sources it believes to be reliable although it does not guarantee the accuracy of the information on account of possible errors or omissions in the constituent data or calculations. The information contained in this document is strictly confidential and no part of this document may be divulged to any other person, distributed, resold and/or reproduced without the prior written permission of Bull & Bear or any of its subsidiaries.
It should not be assumed that an investment in any of the funds described herein will be profitable. None of the statements made in this performance update are intended to imply an investment in a fund is safe, conservative, risk free, or risk averse. An investment in a fund managed by Bull & Bear entails substantial risks, and a prospective investor should carefully consider the summary of risk factors included in the fund’s relevant prospectus in determining whether an investment in a fund is suitable. Bull & Bear’s investment fund offerings do not consider the specific investment objective, financial situation or particular needs of any investor and an investment in a fund managed by Bull & Bear is not suitable for all investors. Prospective investors should not rely upon this document for tax, accounting or legal advice. Prospective investors should consult their own tax, legal, accounting or other advisors about the issues discussed herein. Investors are also reminded that past performance should not be seen as an indication of future performance and that they might not get back the amount that they originally invested. Tables, charts, and commentary contained in this document have been prepared on a best efforts basis by Bull & Bear using sources it believes to be reliable although it does not guarantee the accuracy of the information on account of possible errors or omissions in the constituent data or calculations. The information contained in this document is strictly confidential and no part of this document may be divulged to any other person, distributed, resold and/or reproduced without the prior written permission of Bull & Bear.
Past performance is not indicative of future performance. Principal value and investment return will fluctuate. There are no implied guarantees or assurances that the target returns will be achieved or objectives will be met. Future returns may differ significantly from past returns due to many different factors. Investments involve risk and the possibility of loss of principal. The values and performance numbers represented in this report do reflect management fees. The values used in this report were obtained from sources believed to be reliable. Performance numbers were calculated by Bull & Bear using the data provided. Please consult your custodial statements for an official record of value.
This performance report provides information regarding the previous listed accounts that are being managed by Bull & Bear in accordance with your investment objectives previously discussed. Any changes to your current overall investment objectives or financial condition should be communicated to Bull & Bear.
Some accounts may be compared to an index for benchmarking purposes. The index chosen reflects all applicable dividends reinvested. The index results do not reflect fees and expenses and you typically cannot invest in an index.
