The Fund aims to generate a high level of current income, distributed on a monthly basis, while also seeking capital appreciation. In order to achieve its investment objective, the Fund will invest in a manner consistent with the UCITS Regulations and Central Bank requirements, in a portfolio of equity securities and option contracts with economic characteristics similar to such investments held in the S&P 500 Index (the Index or S&P 500 Companies). The Fund will not seek to track or replicate the Index.