p id="xdx_A82_eoef--StrategyNarrativeTextBlock_zeuFYfBHd09g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Under normal circumstances, the Fund invests at least 80% of its assets in equity securities (“80% investment policy”). The Fund seeks exposure to the large-cap U.S. equity market primarily through investment in Samp;P 500 Index futures contracts, ETFs that track the Samp;P 500 Index, and/or the component stocks of the Samp;P 500 Index. The Fund buys put options against these positions to offset the risk of adverse price movements, and buys and writes call and/or put options against the same positions to reduce volatility and to receive income from written call options./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund’s adviser (the “Adviser”) seeks to achieve the Fund’s investment objective by investing in: 1) equity and equity index futures, 2) equity index options, 3) options on equity index futures, 4) options on exchange traded funds (“ETFs”), 5) ETFs that invest primarily in common stocks, 6) ETFs that invest primarily in fixed income securities, 7) common stocks, 8) fixed income securities and 9) cash or cash equivalents./span/p