Investment Objective: |
The Fund's primary investment objective is to seek current income. The Fund's secondary investment objective is to seek exposure to the share price of select U.S. listed securities, subject to a limit on potential investment gains. The Fund is an actively managed exchange-traded fund ("ETF") that seeks current income while providing direct and/or indirect exposure to the share price (i.e., the price returns) of select U.S. listed securities (each an "Underlying Security" and collectively, the "Underlying Securities"), subject to a limit on potential investment gains. The Fund uses both traditional and synthetic covered call strategies that are designed to produce higher income levels when the Underlying Securities experience more volatility. The Underlying Securities to which the Fund has primary exposure include U.S.-listed equity securities of operating companies and shares of ETFs. The Fund also has the flexibility to have exposure to other types of U.S. listed exchange-traded products (e.g., closed end funds and commodity pools). |