The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing substantially all of its assets in options on the S&P 500 Price Index. The Adviser and sub-adviser, SpiderRock Advisors, LLC (SpiderRock or the Sub-Adviser), will employ a buffer protect options strategy that uses such options to seek to achieve exposure to the performance of the S&P 500 Price Index while mitigating the first 8% to 12% decline in the performance of the S&P 500 Price Index (the Buffer) over a 12-month period beginning on a specified day each August (each, a Roll Date).