This fund primarily allocates its capital to a portfolio of Flexible EXchange® Options (FLEX Options), which are tied to the performance of both the SPDR® S&P 500® ETF Trust (S&P 500 ETF) and the Invesco QQQ TrustSM, Series 1. Essentially, an option contract provides its buyer with the right, but not the obligation, to either purchase or sell a specified asset at a pre-arranged price by a certain future date. FLEX Options are notable as exchange-traded derivatives that feature distinctively customizable terms.