XDEC Profile
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 (the Underlying ETF). The underlying ETF is an exchange-traded unit investment trust that uses a full replication strategy, meaning it invests in all of the stocks in the S&P 500 Index. The fund is non-diversified.
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