m+ Buffer 20 Fund is a unit investment trust designed to deliver a defined outcome linked to the SPDR S&P 500 ETF Trust over a set investment period. The fund’s objective is to provide exposure to equity market gains while offering a built-in buffer that absorbs the first 20% of losses at maturity, helping mitigate downside risk within the outcome period. It targets upside participation in the reference asset’s price return up to a stated cap, with specific series detailing the cap and term for each offering. The strategy is implemented through a static portfolio of exchange-listed options collateralized by the Options Clearing Corporation within a 1940 Act registered structure, offering daily NAV liquidity and no bank or corporate credit exposure. By combining transparent payoff parameters with time-defined risk control, m+ Buffer 20 Fund serves investors seeking more predictable equity participation, portfolio ballast around major equity allocations, or a complement to cash management where partial downside protection and capped upside are acceptable trade-offs during the trust’s life cycle.
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