|Expense Ratio (net)||1.49%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Average|
|Beta (3Y Monthly)||0.73|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Aug 30, 2002|
Is marijuana a medicine or a vice? Ten U.S. states and the District of Columbia have legalized the recreational use of marijuana for adults over the age of 21, and New Jersey lawmakers on Monday proposed legalizing it. No U.S. public companies are directly selling marijuana, but Canadian marijuana producers like Tilray Inc (TLRY.O) and Canopy Growth Corp (WEED.TO) are on U.S. exchanges.
The Fund will concentrate its net assets in industries that have significant barriers to entry including the alcoholic beverages, tobacco, gaming and defense/aerospace industries, the Fund may be subject to the risks affecting those industries, including the risk that the securities of companies within those industries will underperform due to adverse economic conditions, regulatory or legislative changes or increased competition affecting those industries, more than would a fund that invests in a wide variety of industries. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund invests in smaller companies, which involve additional risks, such as limited liquidity and greater volatility.