The investment seeks to consistently outperform the broader equity market on a risk-adjusted basis in both rising and declining markets.
The fund seeks to achieve its investment objective principally by buying call options on the S&P 500® Composite Stock Price Index (the "S&P 500 Index") to create broad market exposure, and buying and writing (selling) additional call and put options on the S&P 500 Index to enhance market returns and reduce market losses. It is non-diversified.
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