Business Description
This fund puts at least 80% of its money into consumer discretionary companies ? businesses that sell non-essential goods and services ? along with investments designed to generate additional income through option premiums. The companies it targets are drawn from the consumer discretionary segment of the S&P 500, as classified by a widely used global industry standard. Because the fund concentrates its holdings rather than spreading them broadly, it carries a higher level of risk than a typical diversified fund.
