Industry description
The investment seeks to generate income.
The fund invests in a portfolio of equity securities and writes (sells) call options on those securities. Under normal circumstances, it will write (sell) call options on a majority of its total assets. Typically, all of the call options written (sold) by the fund are expected to be "in the money" at the time they are written (sold). Its call option writing strategy is designed to generate income and lower the overall risk profile of the fund's portfolio.