Business Description
This fund tracks a strategy designed to deliver exposure to the Nasdaq-100 Index while using short-dated options to manage daily risk. It holds a combination of index positions and options that expire within a single day, creating a built-in buffer against losses under certain market conditions. At least 80% of the fund's assets are kept in line with the index or comparable instruments. Because it concentrates its holdings rather than spreading them broadly, it carries a higher level of risk than a typical diversified fund.
