| Investment Objective: |
The Fund's investment objective is to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while seeking to maximize the downside protection against the SPDR S&P 500 ETF Trust's losses over the one-year Target Outcome Period. In seeking to achieve this investment objective, the Fund's approximate upside cap over the period November 1, 2025 through October 31, 2026 is 7.13% (before fees and expenses). The downside buffer for the period is 100% (before fees and expenses). The Fund pursues its investment objective primarily by investing in customized equity or index option contracts known as FLexible EXchange Options ("FLEX Options") on the SPDR S&P 500 ETF Trust (the "Underlying ETF"). FLEX Options trade on an exchange but provide investors with the ability to customize key contract terms like expiration date, option type (put or call), exercise style, strike price, premium, trading hours and exercise settlement, among others. |
