While its upside is limited by a predetermined cap, this ETF is designed to mirror the returns of the SPDR S&P 500 ETF Trust (SPY). Over its designated outcome period, it also offers a buffer that protects investors from market declines, covering losses between a 5% and 35% threshold. The fund is suitable for indefinite holding, as its protective and cap characteristics reset approximately once a year at the close of each outcome period.