Industry description
The investment seeks to provide investors with returns that match the price return of the SPDR® S&P 500® ETF Trust.
Normally, the fund will invest substantially all of its assets in FLEX Options that reference the price performance of the Underlying ETF. It uses FLEX Options to employ a "target outcome strategy." Target outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The fund is non-diversified.