MMAR

The fund is an actively managed exchange-traded fund (“ETF”) that, under normal market conditions, invests substantially all of its assets in FLexible EXchange® Options (“FLEX Options”) that reference the share price return of the SPDR® S&P 500® ETF Trust (the “Underlying ETF”). Due to the unique mechanics of the fund’s strategy, the return an investor can expect to receive from an investment in the fund has characteristics that are distinct from many other investment vehicles. It is non-diversified.