The investment seeks long-term capital appreciation.
In pursuing its investment objective of long-term capital appreciation, the fund combines long equity exposure with an in-the-money short call overlay strategy. To achieve its long equity exposure, the Advisor expects to invest typically in one or more exchange traded funds (ETFs), such as the SPDR® S&P 500® ETF, that are intended to achieve exposure to and approximate the relative weighting of stocks in the S&P 500 Index, which may include real estate investment trusts (REITs).
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