Industry description
The investment seeks results that generally correspond (before fees and expenses) to the performance of the MerQube U.S. Large Cap Equity Buffer Laddered Index (the “Index”).
The fund will invest at least 80% of its net assets (including investment borrowing) in the ETFs that comprise the index. The index seeks to provide “laddered” investing in the underlying ETFs. Laddered investing refers to investments in several similar securities that have different reset dates, with the goal of mitigating timing risks associated with investing in a single investment. The fund is non-diversified.