| Investment Objective: |
The Fund employs a defined outcome strategy. The pre-determined outcomes sought by the Fund, which include the buffer, inverse performance and upside cap discussed below ("Outcomes"), are based upon the performance of the share price of the SPDR S&P 500 ETF Trust (the "Underlying ETF") over an approximately one-year period from July 1, 2025 through June 30, 2026. The Fund seeks to provide shareholders that hold shares of the Fund ("Shares") for the entire Outcome Period with a "dual direction" of positive returns, meaning the possibility of positive returns regardless of the direction of performance of the Fund's reference asset. Specifically, the Fund seeks to provide investors with capital appreciation as follows: (1) if the Underlying ETF experiences positive returns over the course of the Outcome Period, participating in the positive price returns that match the performance of the Underlying ETF's share price (or its "price return"), limited by the Upside Cap defined below, and (2) if the Underlying ETF experiences negative returns over the course of the Outcome Period that are less than or equal to 15% (the "Inverse Performance Threshold"), provide positive returns that match the absolute value of Underlying ETF losses ("Inverse Performance"). |
