Industry description
The investment seeks to provide investors with returns that match the price return of the Invesco QQQ TrustSM, Series 1, up to a predetermined upside cap of 15.20% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from May 19, 2025 through May 15, 2026.
Under normal market conditions, the fund will invest substantially all of its assets in FLexible EXchange® Options that reference the price performance of the Invesco QQQ TrustSM, Series 1. The fund is non-diversified.