Industry description
The investment seeks to provide investors with returns that match the price return of the iShares 20+ Year Treasury Bond ETF, up to the upside cap of 10.00% (prior to taking into account management fees and other fees) while providing a maximum loss of 5% (prior to taking into account management fees and other fees) of iShares 20+ Year Treasury Bond ETF losses, over the period from October 1, 2024 through December 31, 2024.
The fund invests at least 80% of its net assets in FLexible EXchange® Options that reference the iShares 20+ Year Treasury Bond ETF. FLEX Options are exchange-traded options contracts with uniquely customizable terms. It is non-diversified.