Promotional materials

(1) The sales and promotional material of the fund, and its prospectus if any, shall disclose any commissions, charges, fees, or compensation payable to the manager, and the manner in which such expenses are charged to the fund. (2) The sales and promotional material shall also state that the investment in the fund is at the sole risk of the investor and that payments of capital and interest are entirely dependent on the gains or losses derived from the securities and other assets comprising the fund from time to time.