Industry description
The investment seeks to provide investors with a consistent level of income that, when annualized, is approximately 7.88% (before fees and expenses) while providing a buffer against the first 10% of Underlying ETF losses, over the period from June 23, 2025 through June 18, 2026.
Under normal market conditions, the fund will invest substantially all of its assets in FLexible EXchange® Options (“FLEX Options”) that reference the price performance of the underlying ETF and short-term (one year or less) U.S. Treasury securities. The fund is non-diversified.