The investment seeks to provide investors with returns that generally match the price return of the SPDR® S&P 500® ETF Trust, up to the upside cap of [ ]% while providing a buffer against losses of the SPDR® S&P 500® ETF Trust for losses between -5% and -35% (prior to taking into account management fees and other fees), over the period from May 1, 2026 to April 30, 2027. Under normal circumstances, the fund will invest at least 80% of its net assets in investments that provide exposure to SPDR® S&P 500® ETF Trust, consistent with the fund's policy adopted pursuant to rule 35d-1 under the Investment Company Act of 1940, as amended. It is non-diversified.