NYSE ARCA | ETF
The fund is an actively managed exchange-traded fund ("ETF") that seeks to provide risk-managed investment exposure to the SPDR® S&P 500® ETF Trust (the "Underlying ETF").
It seeks to achieve its investment objective by investing substantially all of its assets in exchange-traded options contracts on the Underlying ETF.
The Advisor intends to implement its investment strategy through an Options Portfolio comprised of FLexible EXchange® Options that reference the Underlying ETF with one-year expiration dates.
It is non-diversified.