Business Description
This fund puts the vast majority of its money into special options contracts tied to an S&P 500 index fund, giving investors indirect exposure to 500 of America's largest publicly traded companies. These contracts, called FLEX Options, are flexible exchange-traded agreements that track the performance of the underlying investment. Because the fund concentrates its holdings in a single area rather than spreading them across many different asset types, it carries a higher level of risk than a broadly diversified fund.
