While the product was designed to be very low-risk, performance could suffer if there was a significant change in correlation between US equities and US fixed income. The maximum drawdown for the Yield+ strategy based on simulated performance returns since 2008 was 5%. In addition, investors could receive cash margin calls if the strategy returns are negative (i.e., investor would need to fund a negative cash balance either by paying margin interest or by depositing cash in order to avoid liquidating any positions in the portfolio).