Business Description
Managed by Eaton Vance Management, this US-based closed-end fund focuses on American public equities, primarily holding common stocks across a wide range of industries. To manage risk and generate income, it uses a structured options strategy involving S&P 500 index puts and calls with staggered expiration dates. The fund measures its results against both the S&P 500 Index and the Barclays US Aggregate Bond Index, and has been operating since July 2007.
