The Fund’s investment objective is to provide
investors with returns that match the price return
of the SPDR® S&P 500® ETF Trust up to a
predetermined upside cap while providing a
downside buffer against the first 12% (before fees
and expenses) of the SPDR® S&P 500® ETF
Trust’s losses over the one-year Target Outcome
Period. In seeking to achieve this investment
objective, the Fund’s upside cap over the period
June 1, 2026 through May 31, 2027 is 15.90%
(before fees and expenses).