Sector Concentration Risk: The fund invests exclusively in consumer discretionary companies, making it vulnerable to downturns specific to this sector, even if the broader market performs well.

Economic Sensitivity Risk: Consumer discretionary spending is highly cyclical, meaning an economic slowdown, recession, or rising unemployment will directly and negatively impact the performance of companies in this sector.

Interest Rate Sensitivity Risk: Rising interest rates can increase borrowing costs for companies and consumers, potentially dampening consumer spending on big-ticket items like autos and housing-related goods, which are part of this sector.