m+ funds | Defined Preservation 50

You should consider the portfolio’s investment objective, risks, and charges and expenses carefully before investing. Review the prospectus, which contains this and other information about the portfolio. Read it carefully before you invest. The suitability of an investment should be considered based on, among other things,  your investment objective, risk tolerance, financial goals and time horizons. The fund seeks to achieve its investment objective over the life of the fund, and has not been designed to deliver on its investment objective if the units are bought at prices different than the Inception Value of the units or are redeemed prior to the Maturity Date. All returns will be subject to reductions due to ongoing fees and expenses. Investors will not have the right to receive any dividends on the reference asset. There is no guarantee that the fund will achieve its investment objective.

Investment Objective

The trust will provide a percentage return per unit at maturity that equals the positive return, if any, in the price performance of the SPDR® S&P 500® ETF (SPY). If the value of SPY decreases from the Initial Reference Value, the return on the units will be negative and will equal 50%, or half, of any negative return in the value of SPY from its original value.

Key Features

m+ funds | Defined Preservation 50Series 6-3
Upside* 1-to-1 of SPY Partial Downside* 0.5 -to-1 of SPY
Maturity Date03.24.2021 Reference AssetSPDR® S&P 500® ETF (SPY) Fee-based CUSIP01073C392 Standard CUSIP01073C384
Inception Date09.28.2018 Initial Reference Value$290.68 Inception Value per Unit$10.00 Maximum Loss Per Unit*$4.90

*On the Maturity Date only, based on the Inception Value per Unit, and subject to reduction based on fees and expenses. This description is not intended to be complete. You should consider the fund’s investment objective, risks and charges & expenses carefully before investing. Contact your financial advisor and read the prospectus below, which contains this and other information on the fund. Read it carefully before you invest. Offers are made only by prospectus.

Performance

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Current figures are net of accrued expenses to date. The fund’s ability to achieve its investment objective depends on unitholders purchasing units at their Inception Value of $10.00 and holding them until the Maturity Date. Investors who purchase units at a price that is above the Inception Value will be subject to, on the Maturity Date, a return per unit that will be lower than that which the fund seeks through its investment objective. The fund’s value on the Maturity date will depend on the value of the Reference Asset on such date, and current figures displayed are as of the particular date and not representative of any returns or values that investors may earn on the Maturity Date. All fund returns will be net of fees and expenses incurred until and including the Maturity Date, which are not taken into account in certain figures above. Investors should refer to the prospectus for detailed fees and expenses.

  • Hypothetical results in different market environments

    Subject to decrease by the fund's fees & expenses.

    ETF Price
    Return

    The hypothetical results are illustrative only and are not actual results. You should not place undue reliance on hypothetical illustrations or results. The above does not account for dividends on the ETF or m+ Preservation Fund ongoing fees and expenses. The above graph is intended to illustrate potential hypothetical outcomes and is therefore based on transaction terms and hypothetical ETF returns. It does not reflect any actual past performance and, therefore, does not reflect returns that an investor could have received. Investors purchasing units are subject to upfront sales charges and organization costs, which vary per fund depend on the type of account purchasing the units, all as described in the corresponding prospectus. Potential investors should refer to the prospectus, which details fees and expenses, as well as other important matters. Investors in m+ funds do not receive dividends.

  • Selected Risks

    An investment in units of m+ funds may not be appropriate for all investors. Units in any m+ fund are offered only by prospectus. 

    You should request a copy of the prospectus, which will contain a full description of the risks, and read it carefully before you invest. Capitalized terms that are not defined in this preliminary term sheet have the meaning ascribed to them in the prospectus.

    Unitholders will not have control, voting rights or rights to receive cash dividends or other distributions or other rights that holders of a direct investment in the Reference Asset or its constituents would have.

    This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity, There may be tax consequences unless units are purchased in an IRA or other qualified plan.

    The structure of these securities may be complex and the suitability of an investment should be considered based on your investment objective, risk tolerance, financial goals and time horizons.

    The trust is designed to achieve its investment objective over the life of the trust. The trust’s investment objective has not been designed to deliver on its objective if the units are bought at prices different than the Inception Value of the units or are redeemed prior to the Series Mandatory Dissolution Date.

    Security prices will fluctuate. The value of your investment may fall over time. Amounts available to distribute to unit-holders upon dissolution of the trust will depend primarily on the performance of the trust’s investment and are not guaranteed. The value of the units will decrease over time by the trust annual fees and expenses.

    Loss on the units is subject to partial downside protection. Downside exposure is designed to protect only against Reference Asset declines relative to the initial Reference Value over the life of the trust. Unit holders may experience significant losses on their investment and potentially as much as 49% of their investment, if the value of the Reference Asset declines. Due to trust fees and expenses, at the Series Mandatory Dissolution Date the value of the units, and the effect of the downside participation will be reduced, and the Maximum Loss per Unit will be subject to increase.

    You may lose a significant portion (up to 49%) of your investment. The trust does not provide full principal protection and you may not receive the full return of the capital you invest.

    The value of the Options may change with the implied volatility of the Reference Asset, the Underlying Index and the securities included in the Underlying Index. No one can predict whether implied volatility will rise or fall in the future.

    The value of the Options does not increase or decrease at the same rate as the Reference Asset. The Options are all European style options, which means that they will be exercisable at the strike price only on the Options Expiration Date. The value of the Options prior to the Options Expiration Date may vary because of related factors other than the value of the Reference Asset. The trust may experience substantial exposure to losses from the Options.

    Credit risk is the risk an issuer, guarantor or counterparty of a security in the trust is unable or unwilling to meet its obligation on the security. The OCC acts as guarantor and central counterparty with respect to the Options. As a result, the ability of the trust to meet its objective depends on the OCC being able to meet its obligations.

    Liquidity risk is the risk that the value of an option will fall in value if trading in the option is limited or absent. No one can guarantee that a liquid secondary trading market will exist for the Options.

    The trust might not achieve its objective in certain circumstances. Certain circumstances under which the trust might not achieve its objective are if the trust disposes of Options prior to expiration, if the trust is unable to maintain the proportional relationship based on the number of option contracts of the Options in the trust’s portfolio, or because of trust expenses or due to adverse tax law changes affecting treatment of the Options.

    We do not actively manage the portfolio. Except in limited circumstances, the trust will hold, and continue to buy, the same securities even if their market value declines.

    Tax risk.  The trust intends to elect and to qualify each year to be treated as a regulated investment company (“RIC”) under Subchapter M of the U.S. Internal Revenue Code of 1986, as amended (the “Code”). As a RIC, the trust will not be subject to U.S. federal income tax on the portion of its net investment income and net capital gain that it distributes to unit-holders, provided that it satisfies certain requirements of the Code. If the trust does not qualify as a RIC for any tax-able year and certain relief provisions are not available, the trust’s taxable income will be subject to tax at the trust level and to a further tax at the unit-holder level when such income is distributed.

    NOT FDIC INSURED – NOT BANK GUARANTEED – MAY LOSE VALUE

Fund Documentation

You should consider the fund’s investment objective, risks and charges and expenses carefully before investing. Contact your financial adviser or read the prospectus below which contains this and other information on the fund. Read it carefully before you invest