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The Global X S&P 500 Annual Tail Hedge UCITS ETF seeks to replicate as close as possible the price an yield performance of the Cboe S&P 500 Annual 30% (-5% to -35%) Buffer Protect Index by investing in a portfolio comprised primarily of large-cap U.S. companies and put and call options on the S&P 500 Annual 30% (-5% to -35%) Buffer Protect Index