Industry description
The investment seeks to provide investors with returns that match the price return of the Invesco QQQ TrustSM, Series 1, up to the upside cap of 15.83% (prior to taking into account management fees and other fees) while providing a buffer against the first 15% of Invesco QQQ TrustSM, Series 1 losses, over the period from November 1, 2024 to October 31, 2025.
The fund invests under normal circumstances, at least 80% of its net assets in investments that provide exposure to the Invesco QQQ Trust SM, Series 1. FLEX Options are exchange-traded option contracts with uniquely customizable terms. The fund is non-diversified.