In seeking to achieve its investment objectives, The Fund seeks to provide exposure to the return of the S&P 500 Index while making monthly distribution payments equal to an annualized rate of ten percent (10 percent). The Fund intends to provide exposure to the S&P 500 Index through purchases of FLexible EXchange call options (FLEX Options) that utilize the SPDR S&P 500 ETF Trust (NYSE ARCA: SPY) (the SPY ETF) as the reference asset (SPY FLEX Options). SPY ETF is an exchange-traded fund that seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. Under normal market conditions, the Fund will invest at least 80 percent of its net assets (plus any borrowings for investment purposes) in SPY FLEX Options. For purposes of compliance with this investment policy, the SPY FLEX Options will be valued at their notional value.