Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options (FLEX Options) that reference the price performance of the SPDR S&P 500 ETF Trust (the Underlying ETF). FLEX Options are customized equity or index option contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. The Underlying ETF is an exchange-traded unit investment trust that uses a full replication strategy, meaning it invests in all of the stocks in the S&P 500 Index. PDR Services, LLC (PDR) serves as the Underlying ETFs sponsor. The investment objective of the Underlying ETF is to seek to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Funds performance will not reflect the payment of dividends by the Underlying ETF. . The Funds investment sub-advisor is Cboe VestSM Financial LLC (Cboe Vest or the Sub-Advisor). The Fund uses FLEX Options to employ a target outcome strategy. Target outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The pre-determined outcomes sought by the Fund, which include a buffer (before fees and expenses) against the first 15% of Underlying ETF losses and enhanced returns of approximately twice any positive price return of the Underlying ETF up to a cap that is expected to be between 13.60% and 15.20% (before fees and expenses), are based on the price performance of the Underlying ETF over an approximate one-year period (the Target Outcome Period). When the Fund's fees and expenses are taken into account, the cap is expected to be between 12.76% and 14.36% and the buffer is 14.15%. The cap and buffer will be further reduced by any brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Fund's management fee.