The investment seeks to provide investors with returns that match those of the SPDR S&P 500 ETF Trust. The fund will invest substantially all of its assets in a portfolio of FLexible EXchange® Options (FLEX Options) that reference the SPDR® S&P 500® ETF Trust (S&P 500 ETF), Invesco QQQ TrustSM, Series 1 (the QQQ ETF) and the iShares Russell 2000 ETF (the Russell 2000 ETF, and together with the S&P 500 ETF and QQQ ETF, the Underlying ETFs). Its assets will be principally composed of FLEX Options, the value of which is derived from the performance of the underlying reference asset, the applicable Underlying ETF's share price. It is non-diversified.