Industry description
The investment seeks to provide, at the end of the current outcome period, returns that track the share price returns of the SPDR® S&P 500® ETF Trust.
Under normal market conditions, the fund invests at least 80% of its net assets in instruments with economic characteristics similar to U.S. equity securities. Specifically, the Advisor intends to invest substantially all of its assets in FLexible EXchange Options that reference the underlying ETF. The fund is non-diversified.