Industry description
The investment seeks to generate income while providing limited downside protection by getting exposure to autocallables that reference the price of the common stock of Palantir Technologies Inc. (NASDAQ: PLTR) (the “Underlying Asset”).
The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in derivatives contracts that utilize the autocallable on the Underlying Asset as their reference asset. It is non-diversified.