Are there risks involved in investing in NASDAQ-100 Index Tracking Stock?
Yes. Holders of NASDAQ-100 Index Tracking Stock are subject to risks similar to those of holders of other stock portfolios. One primary consideration is that the general level of stock prices may decline, and thus the value of NASDAQ-100 Index Tracking Stock, because they represent interests in a broadly based stock portfolio, will also decline. NASDAQ-100 Index Tracking Stock is also subject to risks of an investment in a portfolio of equity securities in which the Index may be highly concentrated (e.g., technology) and, due to concentration in sectors characterized by relatively higher volatility in price performance, may be more volatile when compared to other broad-based stock indexes. NASDAQ-100 Index Tracking Stock is also subject to the risks specific to the performance of a few individual component securities that currently represent a highly concentrated weighting in the Index (e.g., Microsoft Corporation and Intel Corporation). In addition, the overall depth and liquidity of
