The fund seeks to provide high monthly income and long-term capital appreciation by investing in global stocks companies through: (i) writing cash covered put options to reduce the net cost of acquiring securities and receive premiums, and (ii) directly investing in equity securities and writing call options on these securities to receive dividends and premiums. The fund may use derivatives in order to further meet its investment objectives, and may also engage in short selling or other securities lending transactions to generate additional income. Portfolio holdings are reconstituted and rebalanced on a quarterly basis.