| BATS Exchange | United States Country |
The fund primarily focuses on investing a significant portion of its assets, specifically at least 80%, in FLexible Exchange® Options (FLEX Options) that are tied to the iShares Russell 2000 ETF. This type of investment targets offering customizable options for investors, focusing on flexibility and tailored investment strategies. FLEX Options are unique in that they allow for exchange-traded option contracts with customizable terms, adapting to the preferences and requirements of investors. Unlike traditional investment funds, this fund emphasizes a non-diversified approach, meaning it might invest more heavily in a smaller number of selections, aiming to capitalize on specific investment opportunities presented by the iShares Russell 2000 ETF and its related options.
FLEX Options represent the cornerstone of the fund's investment strategy, focusing on exchange-traded option contracts with the distinctive feature of customizable terms. These options are designed to provide investors with the flexibility to specify key contract terms, including but not limited to, the expiration date, strike price, and exercise style. This customization makes FLEX Options an appealing choice for investors looking to tailor their investment strategies to fit specific market views or portfolio requirements.
The fund invests primarily in FLEX Options that reference the iShares Russell 2000 ETF, which is designed to track the performance of the Russell 2000 Index comprising small-capitalization U.S. companies. This focus offers investors exposure to a broad segment of the U.S. equities market, encompassing dynamic and potentially high-growth small-cap companies. Investing in options referencing the iShares Russell 2000 ETF allows for speculative strategies or hedging specific exposures in investors' portfolios associated with the small-cap market.