This fund aims to replicate the share price performance of the SPDR S&P 500 ETF Trust (its underlying benchmark) over a specific outcome period. It endeavors to capture gains up to a predetermined maximum, known as the upside cap, while simultaneously offering a protective buffer against the initial 10% of any losses incurred by that benchmark ETF. It's important to note that both this cap and the buffer are calculated net of, and thus diminished by, the fund's management fees and other associated operational expenses.