This fund seeks to provide approximately 2x the upside return of a US, large cap index, up to a cap. Currently, the ETF primarily invests in BMO S&P 500 Index ETF and uses derivative instruments to hedge back to the Canadian dollar. Downside performance is maintained at a 1:1 ratio. Investors who buy this funds shares at any other time than the annual reset day may have a very different protection level and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to pursue the intended results. The targeted caps do not include the funds expense ratio. The fund resets at the end of each target outcome period, approximately quarterly.