Industry description
The investment seeks current income; exposure to the share price of the common stock of Exxon Mobil Corporation (“XOM”), subject to a limit on potential investment gains is the secondary consideration.
The fund will seek to employ its investment strategy as it relates to XOM regardless of whether there are periods of adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods. The fund advisor uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of XOM. The fund is non-diversified.