Industry description
The investment seeks to provide investors with returns (before fees and expenses) that either match the price return of the SPDR S&P 500 ETF Trust.
Under normal market conditions, the fund will invest substantially all of its assets in FLexible EXchange® Options (“FLEX Options”) that reference the price performance of the SPDR® S&P 500® ETF Trust ("SPY" or the “Underlying ETF”). The fund is non-diversified.