| Investment Objective: |
Under normal market conditions, the Fund will pursue an enhanced equity income strategy by utilizing a systematic, quantitative factor selection model to (1) create a portfolio of equity securities and (2) "enhance" income through the employment of an options overlay by writing (selling) call options which provide exposure to indices of U.S. large capitalization companies, such as the S&P 500 Index. In the equity portion of the Fund's portfolio, the Fund invests primarily in common stocks of U.S. large capitalization companies. Equity securities in which the Fund invests may also include real estate investment trusts ("REITs"). The Fund may focus its investments on high dividend yielding stocks and high free cash flow yielding stocks. The Fund may obtain exposure to U.S. large capitalization stocks (including dividend paying stocks) by investing in exchange-traded funds ("ETFs") that seek to track U.S. large capitalization stock indices (including dividend stock indices). The Fund seeks to generate high income through investing in high-dividend paying equities and receiving income from a systematic covered call strategy. |
