Glossary

Buffer

A specified percentage decrease in the value of a Reference Asset for which an m+ fund seeks to protect unitholders against losses, at the maturity date and subject to decreases due to fees and expenses.

Capped Return

A maximum percentage return per unit an m+ fund seeks to provide, at the maturity date and subject to decreases due to fees and expenses.

Enhanced Upside

A multiple of any percentage increase in the value of the Reference Asset which an m+ fund seeks to provide, at the maturity date and subject to decreases due to fees and expenses.

Flex Options

Customized option contracts available through national securities exchanges that are guaranteed for settlement by the Options Clearing Corporation. They provide investors with the ability to customize assets and indices referenced by the options, exercise prices, exercise styles (i.e., American-style, or European-style) and expiration dates.Each option contract entitles the holder thereof to purchase or sell 100 shares of the Reference Asset at the strike price.

Inception Date

The effective date of an m+ fund.

Inception Value

The initial value of an m+ fund, on the Inception Date and not subject to sales charges, fees or expenses.

Maturity Date

The scheduled termination date of an m+ fund.

Maximum Amount Per Unit

A maximum dollar gain per unit an m+ fund seeks to provide, at the maturity date and subject to decreases due to fees and expenses.

Maximum Loss per Unit

A maximum dollar gain per unit an m+ fund seeks to provide, at the maturity date and subject to decreases due to fees and expenses.

Reference Asset

An exchange-traded fund that generally tracks the performance of an index.