Industry description
The investment seeks to provide investors with returns that match the price return of the iShares Russell 2000 ETF, up to the upside cap of 18.45% while providing a buffer against the first 15% of iShares Russell 2000 ETF losses, over the period from April 1, 2024 to March 31, 2025.
The fund invests at least 80% of its net assets in FLexible EXchange® Options that reference the iShares Russell 2000 ETF. FLEX Options are exchange-traded options contracts with uniquely customizable terms. It is non-diversified.