| Investment Objective: |
The Fund seeks to provide investors with returns that generally match the price return (excluding dividends) of the iShares MSCI EAFE ETF, up to the upside cap of 15.75% while providing a buffer against the first 15% of iShares MSCI EAFE ETF losses, 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 iShares MSCI EAFE ETF (the "Underlying ETF"). FLEX Options are exchange-traded options with terms that may be customized within exchange guidelines. While FLEX Options are cleared and guaranteed for settlement by The Options Clearing Corporation ("OCC"), they remain subject to risks associated with the clearinghouse and may be less liquid than more standardized listed options. Because the Fund uses options to pursue its objectives, an investment in the Fund has return characteristics that differ from many traditional investment vehicles, and investors should understand these characteristics before investing. |
