JANB seeks to provide defined returns linked to the performance of the SPDR S&P 500 ETF Trust (SPY) over a one-year outcome period from January 1 to December 31. The fund is designed to match the share price gains of the underlying ETF up to a predetermined upside cap while aiming to buffer investors against the first 15% of losses, before fees and expenses. Its structured outcome strategy is implemented through exchange-traded FLEX Options, which sets the cap and buffer levels based on market conditions at the start of each outcome period. These parameters reset annually, shaping the funds risk and return profile for the next term. To achieve the intended results, investors must hold shares for the entire outcome period, as returns may differ for those entering or exiting mid-period. While the fund seeks to moderate volatility and define potential outcomes, these results are not guaranteed.