The investment seeks to provide investors with returns that match the price return of the SPDR ® S&P 500 ® ETF Trust.
The fund invests at least 80% of its net assets in FLexible EXchange ® Options ("FLEX Options") that reference the SPDR ® S&P 500 ® ETF Trust (the “Underlying ETF“). FLEX Options are exchange-traded options contracts with uniquely customizable terms. It is non-diversified.
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