Industry description
The investment seeks to provide investment results that, before taking fees and expenses into account, match the positive price return of the iShares® Russell2000® ETF ("Underlying ETF") up to a cap of 11.20% (the "Cap"), while protecting against 100% of negative price return of the Underlying ETF (before fees and expenses), for the period from July 1, 2024 through June 30, 2025.
Under normal market conditions, the fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the price performance of the iShares®Russell 2000® ETF. The fund is non-diversified.