Past per­for­mance does not gua­ran­tee future results. An asset’s return on invest­ment and capi­tal value fluc­tua­te, so an investor’s shares on repay­ment may be worth more or less than the ori­gi­nal cost and the cur­rent per­for­mance may be lower or hig­her than the sta­ted per­for­mance. Short-term per­for­mance, in par­ti­cu­lar, is not a good indi­ca­tor of the fund’s future per­for­mance, and an invest­ment should not be made sole­ly on the basis of returns.