| Investment Objective: |
The Fund seeks to provide investors with returns that generally match the price return (excluding dividends) of the SPDR S&P 500 ETF Trust, up to the upside cap of 14.12% while providing a buffer against losses of the SPDR S&P 500 ETF Trust for losses between -5% and -35%, over the period from June 1, 2026 to May 31, 2027. Under normal circumstances, the Fund will invest at least 80% of its net assets in investments that provide exposure to SPDR S&P 500 ETF Trust (the "Underlying ETF"). The Fund obtains this exposure primarily through FLEXible EXchange Options ("FLEX Options") on the Underlying ETF. The Fund is designed to seek certain target results (the "Outcomes"), including an upside cap (the "Cap") and a downside buffer that applies to losses of the Underlying ETF between -5% and -35% (the "Buffer"), based on the performance of the Underlying ETF's share price (i.e., its "price return") over an approximately one-year period beginning June 1, 2026 to May 31, 2027 (each, an "Outcome Period") |
