Industry description
The investment seeks to provide investment results that, before taking fees and expenses into account, match the positive price return of the Invesco QQQ TrustSM Series 1.
Under normal market conditions, the fund will invest substantially all of its assets in FLexible EXchange Options that reference the price performance of the Invesco QQQ TrustSM, Series 1. FLEX Options are customized equity or index option contracts that trade on an exchange but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. The fund is non-diversified.