| Investment Objective: |
The Fund seeks to match, at the end of the current Outcome Period, the share price returns of the Invesco QQQ TrustSM, up to a specified upside Cap, while providing a Buffer against the first 15% of Underlying ETF losses. The Cap and the Buffer will be reduced after taking into account management fees and other Fund fees and expenses. The Fund pursues a buffered strategy that seeks to match the share price returns of the Invesco QQQ TrustSM, Series 1 at the end of a three-month calendar quarter (i.e., from January 1 to March 31, April 1 to June 30, July 1 to September 30, or October 1 to December 31), as described below (the "Outcome Period"), subject to an upside maximum percentage return (the "Cap") and downside protection with a buffer against the first 15.00% of Underlying ETF losses (the "Buffer"). The Fund's intended return measured across different market conditions (e.g., rising or declining markets) is referred to as "outcomes" in this prospectus. The Underlying ETF's share price returns reflect the price at which the Underlying ETF's shares trade on the secondary market. The Fund invests at least 80% of its net assets in instruments with economic characteristics similar to securities of companies with growth characteristics. |
