The investment seeks to provide investors with returns that generally match the price return (excluding dividends) of the SPDR® S&P 500® ETF Trust, up to the upside cap of 18.00% (prior to taking into account management fees and other fees) while providing a buffer against the first 10% (prior to taking into account management fees and other fees) of SPDR® S&P 500® ETF Trust losses, over the period from August 1, 2026 to July 31, 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 (the 'Underlying ETF'). It is non-diversified.