The investment seeks total return.
Under normal market conditions, the fund invests at least 80% of its total assets in a diversified portfolio of common stocks. It invests in large- and mid- capitalization common stocks of U.S. issuers. The fund may also invest up to 40% of its total assets in securities of foreign issuers, some of which may be located in emerging market countries. 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, including put options and put spreads on exchange-traded funds (" ETFs ") that replicate such indices.