Industry description
The investment seeks to match, at the end of the current Outcome Period, the share price returns of the SPDR®S&P 500®ETF Trust, up to a specified upside Cap, while providing a Buffer against the first 10% of Underlying ETF losses. The Cap and the Buffer will be reduced after taking into account management fees and other Fund fees and expenses. The current Outcome Period is from March 1, 2024 to August 31, 2024.
Under normal market conditions, the fund invests at least 80% of its net assets in instruments with economic characteristics similar to U.S. large cap equity securities. The fund is non-diversified.