The investment seeks total return.
The fund invests at least 80% of total assets in a diversified portfolio of common stocks. It invests primarily in large-capitalization common stocks of U.S. issuers, although the fund may invest up to 40% of total assets in securities of foreign issuers, some of which may be located in emerging market countries. The fund may also invest a portion of its assets in stocks of mid-capitalization companies. It intends to write (sell) call options and purchase put options and/or enter into put option spreads on securities and on one or more broad-based U.S. stock indices.