Under normal circumstances, the Fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities and derivative instruments that provide exposure to equity securities. To gain this exposure, the Fund will primarily invest in one or more ETFs or options on an ETF or index (each, a reference asset). The combination of the Funds investments is expected to provide a maximum of 125 percent exposure to large-capitalization U.S. equity securities. The Fund will use leverage, such as options, which generally require a small investment relative to the amount of investment exposure assumed. The Funds exposures will vary given market conditions and the availability of attractive investment opportunities.