The fund seeks capital appreciation in the long term and income by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process utilizes an option premium collection strategy that implements a put spread and a call spread on the S&P 500 Index to create a number of defined-risk trades.

Next, the research team focuses on put and call spreads that are generally initiated simultaneously establishing a market neutral trade, meaning there is no inherent bullish or bearish bias.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund generally utilizes weekly and monthly SPX options with expirations of 90 days or less.

Also, the fund’s investments in short-term fixed income instruments consist of cash, money market instruments, and treasury bills.