Investment Objective The Fund seeks to provide investors with returns that match those of the S&P 500 Price Index, up to the upside cap of 11.01% (prior to taking into account management fees and other fees) and 10.22% (after taking into account management fees and other fees) while providing a buffer against the first 15% of S&P 500 Price Index losses, over the period from March 1, 2020 to February 28, 2021. https://www.sec.gov/Archives/edgar/data/1415726/000143774920004031/inetfs20200228b_497k.htm
Cute. It's a 1 year ITM call spread, so nothing exotic. People who have enough attention to detail might find cute ways of making money off this product in a low-risk fashion. PS. But thank you for posting it, I am very interested in these cute-idea ETFs