The fund aims to provide income by investing in equity and equity related securities of large US companies. The fund invests at least 80% of its assets in a passively managed portfolio of the top 500 listed US companies by market capitalisation. To seek to enhance the yield, the Manager selectively sells short dated call options over individual securities held by the fund, portfolios of securities or indices by agreeing strike prices above which potential capital growth is sold. The fund may also invest in collective investment schemes, exchange traded funds, warrants and money market instruments, and hold cash.
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