The investment seeks to provide investors with returns that match those of the MSCI EAFE Price Index. The fund invests at least 80% of its net assets in FLexible EXchange® Options that reference the MSCI EAFE Price Return Index. FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the OCC), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options. It is non-diversified.