The investment seeks maximize long-term capital income. The fund invests in corporate bands, mezzanine investment, collateralized bond obligation, swaps and other derivatives to seek out absolute returns in all markets. It invests primarily in fixed income markets. Normally, the average dollar weighted credit quality of the fund long-term debt investments is rated BBB+ by S&P. It invests up to 25% of assets in securities rated below investment grade. The fund is nondiversified.