Industry description
The investment seeks investment results that generally correspond to the performance (before fees and expenses) of the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index.
The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities that are representative of the index. The index measures the performance of holding the underlying ETF and a written (sold) one-week expiration, at-the-money call option contract that references the underlying ETF and generates the Target Option Premium. The fund is non-diversified.