The fund seeks income and capital appreciation in the long term by investing in mid-and large-size 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.

Next, the research team invests in a diversified portfolio of equity securities, with a focus on those paying dividends, and selling exchange listed options.

The strategy is designed to appreciate for long-term capital gains, and the option overlay strategy is designed to generate gains, which are largely short-term capital gains.

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.

Also, the fund holds a substantial amount of its net assets in cash or cash equivalents, which may include U.S. Treasury securities, shares of money market funds and/or other short-term cash investments.

The fund may invest in fixed-income securities, which primarily will be investment grade.