The investment seeks total return which exceeds that of its benchmarks consistent with prudent investment management. The fund normally invests all assets in S&P 500 derivatives, backed by a diversified portfolio of long-term fixed-income instruments. It may invest in common stocks, options, futures, options on futures and swaps. The fund may invest up to 10% of total assets in high-yield securities. It may also invest up to 10% of total assets in preferred stocks.