Investment Risks - WisdomTree Efficient Copper Plus Copper Miners Fund
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Oct. 27, 2026 |
| Copper Commodity Risk [Member] |
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| Prospectus [Line Items] |
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Copper Commodity Risk.
The value of metal commodities, such as copper, and commodity-linked derivative instruments, such as copper futures contracts, typically
is based upon the price movements of the physical commodity or an economic variable linked to such price movements. Price movements
in copper and copper futures contracts may fluctuate quickly and dramatically, have a historically low correlation with the returns
of the stock and bond markets, and may not correlate to price movements in other asset classes. Some factors that impact the price
of metals and copper futures contracts include, but are not limited to, overall market movements, changes in interest rates, changes
in the global supply and demand for copper, the quantity of copper imports and exports, factors that impact copper production, such
as drought, floods and weather conditions, technological advances in the processing and mining of copper, an increase in the hedging
of metals, such as copper, and changes in economic and/or political conditions, including regulatory developments and trade or currency
restrictions between countries. |
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| Copper Mining Companies Risk [Member] |
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Copper Mining Companies Risk.
By investing in the equity securities of Copper Miners, the Fund may be susceptible to financial, economic, political, or market
events that impact the Copper Mining Sub-Industry. Additional factors that affect Copper Miners and the Copper Mining Sub-Industry
include, but are not limited to: commodity prices; extraction and production costs; tax and government regulations; competitive pressures;
the success of exploration projects; and adverse environmental developments. Copper Miners may have significant operations in areas
at risk for social and political unrest, security concerns, and environmental damage. The profitability of Copper Miners can be dramatically
affected by the fluctuation in the price of the copper they mine, which can be impacted by the factors set forth under Copper Commodity
Risk. |
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| Derivatives Risk [Member] |
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Derivatives Risk. Derivatives are financial instruments that derive their performance from an underlying reference asset, such as a currency or a commodity, index, interest rate, or inflation rate. Generally, derivatives are sophisticated investments that may pose risks that are different from or greater than those posed by investing directly in the underlying reference asset. For example, the return on a derivative instrument may not correlate with that of its underlying reference asset, and minimal requisite initial investments necessary to purchase derivatives positions may expose the Fund to losses in excess of those amounts. Derivatives also can be volatile and may be less liquid than other investments. As a result, the value of an investment in the Fund may change quickly and without warning and you may lose money. The Fund expects to use futures contracts to implement its principal investment strategies. Risks specific to futures contracts, as well as other risks of derivatives, generally, such as counterparty and issuer credit risk, interest rate risk, market risk and issuer-specific risk, are described in greater detail elsewhere in the Fund’s Prospectus. |
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| Futures Contracts Risk [Member] |
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Futures Contracts Risk. A futures contract
may generally be described as an agreement for the future sale by one party and the purchase by another of a specified currency,
commodity, security or other instrument at a future price and time. The risks of futures contracts include but are not limited to:
(1) the success of the Adviser’s and Sub-Adviser’s (defined below) ability to predict movements in the prices of individual
currencies, commodities or securities, fluctuations in markets and movements in interest rates; (2) an imperfect or no correlation
between the changes in market value of the currencies, commodities or securities and the prices of futures contracts; and (3) no
guarantee that an active market will exist for the contracts at any particular time. |
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| Concentration Risk [Member] |
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Concentration
Risk. To the extent that the Fund’s portfolio is concentrated in the securities of issuers in a particular industry or
group of related industries, the Fund may be adversely affected by the performance of those securities, and more susceptible to adverse
economic, market, political, or regulatory occurrences affecting that industry or group of related industries. As of the date of
this Prospectus, the Fund’s investments are concentrated in securities issued by companies in one or more of the industries
comprising the industry group described below. As such, the Fund is subject to the risks described below and in the “Copper
Mining Companies Risk” described above. |
Metals and Mining Industry
The Fund will invest
in securities that are issued by and/or have exposure to, companies primarily involved in the Metals and Mining Industry. Investments
in metals and mining companies may be speculative and subject to greater price volatility than investments in other types of companies.
The profitability of companies in the Metals and Mining Industry is related to, among other things, worldwide metal prices and extraction
and production costs. Worldwide metal prices may fluctuate substantially over short periods of time, and as a result, the Fund’s
share price may be more volatile than other types of investments. In addition, metals and mining companies may be significantly affected
by changes in global demand for certain metals, economic developments, energy conservation, the success of exploration projects, changes
in exchange rates, interest rates, economic conditions, tax treatment, trade treaties, and government regulation and intervention, and
events in the regions that the companies to which the Fund has exposure operate (e.g., expropriation, nationalization, confiscation of
assets and property, the imposition of restrictions on foreign investments or repatriation of capital, military coups, social or political
unrest, violence and labor unrest). Metals and mining companies may also be subject to the effects of competitive pressures in the Metals
and Mining Industry.
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| Leveraging Risk [Member] |
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Leveraging
Risk. Certain transactions of the Fund, such as the use of derivative instruments, will give rise to leverage, magnifying gains
and losses and causing the Fund to be more volatile than if it had not been leveraged. This means that leverage entails a heightened
risk of loss. |
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| Investment Risk [Member] |
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Investment Risk. As with all investments, an investment in the Fund is subject to loss, including the possible loss of the entire principal amount of an investment, over short or long periods of time. |
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| Market Risk [Member] |
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Market Risk. The trading prices of securities and other instruments fluctuate in response to a variety of factors, such as economic, financial or political events that impact the entire market, market segments, or specific issuers. The Fund’s NAV and market price may fluctuate significantly in response to these and other factors. As a result, an investor could lose money over short or long periods of time. |
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| Shares of the Fund May Trade at Prices Other Than NAV [Member] |
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Shares of the Fund May Trade at Prices Other Than NAV. As with all exchange-traded funds (“ETFs”), Fund shares may be bought and sold in the secondary market at market prices. The market prices of the Fund’s shares in the secondary market generally differ from the Fund’s daily NAV, and there may be times when the market price of the shares is more than the NAV (premium) or less than the NAV (discount). This risk is heightened in times of market volatility or periods of steep market declines. Because certain of the investments held by the Fund trade on, or have exposure to, foreign exchanges that are closed when the Fund’s primary listing exchange is open, the Fund is likely to experience premiums and discounts greater than those of domestic ETFs. Additionally, in stressed market conditions, the market for the Fund’s shares may become less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings. |
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| Active Management Risk [Member] |
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Active Management Risk. The Fund is actively managed using proprietary investment strategies and processes. There can be no guarantee that these strategies and processes will be successful or that the Fund will achieve its investment objective. |
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| Capital Controls and Sanctions Risk [Member] |
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Capital Controls and Sanctions Risk. Economic
conditions, such as volatile currency exchange rates and interest rates, political events, military action and other conditions may,
without prior warning, lead to foreign government intervention (including intervention by the U.S. government with respect to
foreign governments, economic sectors, foreign companies and related securities and interests) and the imposition of capital
controls and/or sanctions, which may also include retaliatory actions of one government against another government, such as seizure
of assets. Capital controls and/or sanctions include the prohibition of, or restrictions on, the ability to own or transfer
currency, securities or other assets, which may potentially include derivative instruments related thereto. Capital controls and/or
sanctions may also impact the ability of the Fund to buy, sell, transfer, receive, deliver or otherwise obtain exposure to, foreign securities or currency, negatively impact the value and/or liquidity of such instruments, adversely affect the trading market and price for shares of the Fund, and cause the Fund to decline in value. |
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| Cash Redemption Risk [Member] |
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Cash Redemption Risk. The Fund generally redeems shares for cash or otherwise includes cash as part of its redemption proceeds. The Fund may be required to sell or unwind its portfolio investments to obtain the cash needed to pay out redemption proceeds. This may cause the Fund to recognize capital gains that it might not have recognized if it had satisfied such redemption requests with securities held by the Fund (i.e., redeemed its shares in kind). As a result, the Fund may pay out higher annual capital gains distributions than a fund that redeems its shares in kind. |
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| Counterparty and Issuer Credit Risk [Member] |
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Counterparty and Issuer Credit Risk. As a result of its financial condition, the issuer of a debt security or other instrument, or the counterparty to a derivative or other contract, may default, become unable to pay interest or principal due or otherwise fail to honor its obligations or be perceived (whether by market participants, rating agencies, pricing services or otherwise) as being in such situations. The value of an investment in the Fund may change quickly and without warning in response to issuer or counterparty defaults, changes in the credit ratings of the Fund’s portfolio investments and/or perceptions related thereto. In addition, the Fund may enter into derivative transactions with a limited number of counterparties, which may increase the Fund’s exposure to counterparty credit risk. Furthermore, there is a risk that no suitable counterparties will be willing to enter into, or continue to enter into, transactions with the Fund and, as a result, the Fund may not be able to achieve its investment objective. |
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| Currency Exchange Rate Risk [Member] |
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Currency Exchange Rate Risk. Changes in currency exchange rates and the relative value of non-U.S. currencies will affect the value of the Fund’s investment and the value of your Fund shares. Currency exchange rates can be very volatile and can change quickly and unpredictably. As a result, the value of an investment in the Fund may also change quickly, unpredictably, and without warning, and you may lose money. |
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| Cybersecurity Risk [Member] |
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Cybersecurity Risk. The Fund and its service providers may be susceptible to operational and information security risks resulting from a breach in cybersecurity, including cyber-attacks. A breach in cybersecurity, intentional or unintentional, may adversely impact the Fund in many ways, including, but not limited to, disruption of the Fund’s operational capacity, loss of proprietary information, theft or corruption of data, denial-of-service attacks on websites or network resources, and the unauthorized release of confidential information. Cyber-attacks affecting the Fund’s third-party service providers, market makers, institutional investors authorized to purchase and redeem shares directly from the Fund (i.e., Authorized Participants), or the issuers of securities in which the Fund invests may subject the Fund to many of the same risks associated with direct cybersecurity breaches. The rapid development and increasingly widespread use of artificial intelligence technologies could increase the effectiveness of cyber-attacks and exacerbate the risks. |
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| Emerging Markets Risk [Member] |
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Emerging Markets Risk. Investments in securities and instruments traded in developing or emerging markets, or that provide exposure to such securities or markets, can involve additional risks relating to political, economic, or regulatory conditions not associated with investments in U.S. securities and instruments or investments in more developed international markets. Such conditions may impact the ability of the Fund to buy, sell or otherwise transfer securities, adversely affect the trading market and price for Fund shares and cause the Fund to decline in value. |
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| Foreign Securities Risk [Member] |
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Foreign Securities Risk. Investments in non-U.S. securities, including depositary receipts, involve political, regulatory, and economic risks that may not be present in investments in U.S. securities. For example, investments in non-U.S. securities may be subject to risk of loss due to currency fluctuations, political or economic instability, or geographic events that adversely impact issuers of foreign securities. Investments in non-U.S. securities also may be subject to withholding or other taxes and may be subject to additional trading, settlement, custodial, and operational risks. These additional risks may make investments in the Fund more volatile and potentially less liquid than other types of investments and may be heightened in connection with investments in developing or emerging markets countries. These risks are heightened because the Fund invests in companies domiciled in or otherwise tied to developing or emerging markets countries. |
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| Geographic Investment Risk [Member] |
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Geographic Investment Risk. To the extent the Fund invests a significant portion of its assets in securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region. |
Investments in Australia
The economy of Australia is heavily dependent on the economies of Asian countries and the price and demand for natural resources and
commodities as well as its exports from the agricultural and mining sectors. Conditions that weaken demand for such products worldwide
could have a negative impact on the Australian economy as a whole. Australia also is increasingly dependent on the economies of its key
trading partners, including China, the United States, and Japan. These and other factors could have a negative impact on the Fund’s
performance.
Investments in Canada
Although Canada is a major producer of commodities, including copper, Canada’s economy is heavily dependent on the demand for
natural resources and agricultural products, and a change in the supply and demand of these resources, both domestically and internationally,
can have a significant effect on Canadian market performance. In particular, the U.S. is Canada’s largest trading partner and foreign
investor and, as a result, changes to the U.S. economy may significantly affect the Canadian economy.
Investments in the United
States
The economic, political, regulatory and other events and conditions that affect issuers and investments in the United States differ
significantly from those associated with other countries and regions. For example, routine political events, such as a presidential election,
can have a significant effect on the U.S. markets and lead to periods of increased volatility. U.S. financial markets also have become
increasingly globalized, hosting participants from all over the world and on a more macro level, becoming more tightly integrated with
financial markets around the world. As a result, U.S. financial markets are also increasingly vulnerable to the risks that may affect
non-U.S. financial markets. The imposition of broad-based tariffs and other trade measures by the U.S. government, and retaliatory measures
by U.S. trading partners, may create additional uncertainty and volatility in U.S. and global markets. Any event or condition that affects
the U.S. economy, whether originating from within or outside of the United States, may have an adverse effect on the Fund’s investments
in the United States and thus, the Fund’s performance.
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| Geopolitical Risk [Member] |
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Geopolitical Risk. The
United States, as well as other countries and regions in which the Fund invests, has experienced and may continue to experience security
concerns, war, threats of war, aggression and/or conflict, terrorism, economic uncertainty, sanctions or the threat of sanctions,
natural and environmental disasters, the spread of infectious illness, widespread disease or other public health issues and/or systemic
market dislocations that lead to increased short-term market volatility, have adverse long-term effects on the U.S. and world economies,
and disrupt the orderly functioning of securities markets generally, which may negatively impact the Fund’s investments. |
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| Interest Rate Risk [Member] |
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Interest Rate
Risk. Interest rate risk is the risk that fixed income securities will decline in value because of an increase in interest rates
and changes to other factors, such as perception of an issuer’s creditworthiness. Interest rates may change suddenly or unexpectedly
and have unpredictable impacts on the financial markets and the Fund’s investments. To the extent that the Fund holds fixed
income securities with longer durations, such securities generally are subject to greater interest rate risk. To the extent that
the Fund holds fixed income securities with longer durations, such securities generally are subject to greater interest rate risk. |
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| Issuer-Specific Risk [Member] |
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Issuer-Specific
Risk. Issuer-specific events, including changes in the actual or perceived financial condition of an issuer, can have a negative
impact on the value of the Fund. |
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| Large-Capitalization Investing Risk [Member] |
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Large-Capitalization Investing Risk. The Fund may invest in the securities of large-capitalization companies. As a result, the Fund’s performance may be adversely affected if securities of these companies underperform securities of smaller capitalization companies or the market as a whole. Large-capitalization companies may adapt more slowly to new competitive challenges and be subject to slower growth during times of economic expansion. |
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| Liquidity Risk [Member] |
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Liquidity
Risk. The Fund may invest in derivatives and other instruments that may be less liquid than other types of investments. The derivatives
in which the Fund invests may not always be liquid. This could have a negative effect on the Fund’s ability to achieve its
investment objective and may result in losses to Fund shareholders. |
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| Materials Sector Risk [Member] |
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Materials Sector Risk.
The Fund expects to invest a significant portion of its assets in the Materials Sector. This sector includes, for example, metals
and mining, chemicals, construction materials, glass, paper and related packaging products and forest product companies. This sector
can be significantly affected by, among other things, commodity price volatility, demand for basic materials, world economic growth,
depletion of natural resources, technological progress, and government regulations. |
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| Mid-Capitalization Investing Risk [Member] |
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Mid-Capitalization Investing Risk. The Fund may invest in the securities of mid-capitalization companies. As a result, the Fund’s performance may be adversely affected if securities of these companies underperform securities of other capitalization ranges or the market as a whole. Securities of mid-capitalization companies are often less stable and more vulnerable to market volatility and adverse economic developments than securities of larger companies, but mid-capitalization companies may also underperform the securities of small-capitalization companies because mid-capitalization companies are more mature and are subject to slower growth during economic expansion. |
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| Small-Capitalization Investing Risk [Member] |
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Small-Capitalization
Investing Risk. The Fund may invest in the securities of small-capitalization companies. As a result, the Fund may be more volatile
than funds that invest in larger, more established companies. The securities of small-capitalization companies generally trade in
lower volumes and are subject to greater and more unpredictable price changes than larger capitalization stocks or the stock market
as a whole. Small-capitalization companies may be particularly sensitive to adverse economic developments as well as changes in interest
rates, government regulation, borrowing costs, and earnings. |
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| Subsidiary Investment Risk [Member] |
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Subsidiary Investment Risk. Changes in the laws of the United States and/or the Cayman Islands, under which the Fund and the WisdomTree Subsidiary are organized, respectively, could result in the inability of the WisdomTree Subsidiary to operate as intended and could negatively affect the Fund and its shareholders. |
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| Tax Risk [Member] |
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Tax Risk. To qualify for the favorable U.S. federal income tax treatment accorded to RICs, the Fund must, among other things, derive in each taxable year at least 90% of its gross income from certain prescribed sources. The Fund may obtain exposure to the commodities markets by directly entering into commodity-linked derivative instruments, such as listed futures contracts. Income from certain commodity-linked derivative instruments in which the Fund invests may not be considered qualifying income under the 90% test noted above. The Fund intends to invest in such commodity-linked derivative instruments indirectly through the WisdomTree Subsidiary. The Fund’s investment in the WisdomTree Subsidiary is expected to provide the Fund with exposure to the commodities markets within the limitations of the federal tax requirements of the Code for qualification as a RIC. The “Subpart F” income (defined in Section 951 of the Code to include passive income, including from commodity-linked derivatives and futures) of the Fund attributable to the Fund’s investment in the WisdomTree Subsidiary is “qualifying income” to the Fund to the extent that such income is derived with respect to the Fund’s business of investing in stock, securities or currencies. The Fund expects its “Subpart F” income attributable to its investment in the WisdomTree Subsidiary to be derived with respect to the Fund’s business of investing in stock, securities or currencies and to be treated as “qualifying income”. The Adviser intends to conduct the Fund’s investments in the WisdomTree Subsidiary in a manner consistent with the terms and conditions of the regulations promulgated by the U.S. Treasury, and will monitor the Fund’s investments in the WisdomTree Subsidiary to ensure that no more than 25% of the Fund’s assets are invested in the WisdomTree Subsidiary. To the extent the Fund makes a direct investment in commodity-linked derivative instruments, it will seek to restrict the resulting income from such instruments so that, when combined with its other non-qualifying income, the Fund’s non-qualifying income is less than 10% of its gross income. However, the Fund may generate more non-qualifying income than anticipated, may not be able to generate qualifying income in a particular taxable year at levels sufficient to meet the 90% test noted above, or may not be able to accurately predict the non-qualifying income from these investments. Failure to comply with this restriction would have significant negative tax consequences to Fund shareholders. |
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| U.S. Government Securities Risk [Member] |
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U.S. Government Securities Risk. U.S. government securities may or may not be backed by the full faith and credit of the U.S. government. U.S. government securities are subject to the risks associated with fixed income and debt securities, particularly interest rate risk and credit risk. In addition, U.S. government securities not backed by the full faith and credit of the U.S. government involve credit risk that is greater than other types of U.S. government securities. |
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| U.S. Treasuries Risk [Member] |
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U.S. Treasuries
Risk. U.S. Treasuries may differ from other securities in their interest rates, maturities, times of issuance and other characteristics
and may provide relatively lower returns than those of other securities. Similar to other issuers, changes to the financial condition
or credit rating of the U.S. government may cause the value of the Fund’s U.S. Treasuries to decline. |
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| Risk Lose Money [Member] |
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You can lose money on your investment in the Fund.
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| Risk Nondiversified Status [Member] |
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Non-Diversification Risk. The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. To the extent the Fund invests a significant percentage of its assets in a limited number of issuers, the Fund is subject to the risks of investing in those few issuers, and may be more susceptible to a single adverse economic or regulatory occurrence. As a result, changes in the market value of a single security could cause greater fluctuations in the value of Fund shares than would occur in a diversified fund. |
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