| Risk of investing in sector-based fund:Since the Fund will not normally maintain a wide spread of investments, a more concentrated approach is taken. Investments are chosen for their long term potential and their prices (and therefore the net asset value) may be subject to above average volatility. Equities risk: The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general economic and market conditions,regional or global economic instability and currency and interest rate fluctuations. Investment risk:There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. |