Nasdaq-100 Index® - The Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.
S&P 500® Index - The Index is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.
There is no guarantee that the fund’s distribution target will be achieved. The fund does not seek to achieve any specific level of total return performance compared with the total return performance of the Index or the S&P 500® Index. Capital appreciation on the securities held by the fund may be less than the capital appreciation of the Index and the S&P 500® Index, and the total return performance of the fund may be less than the total return performance of the Index and the S&P 500® Index.
An option is a contractual obligation between a buyer and a seller. There are two types of options known as “calls” and “puts.” The buyer of a call option has the right, but not the obligation, to purchase an agreed upon quantity of an underlying asset from the writer (seller) of the option at a predetermined price (the strike price) within a certain window of time (until the option’s expiration), creating a long position.