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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Sonki who wrote (4800)	3/11/2007 11:09:41 PM
From: Bridge Player	of 5205

<< Does anyone know other mutual funds (besides vepex) that do cc ? >> BEP: The Fund's investment objective is to seek total returns through a covered call strategy that seeks to approximate the performance less fees and expenses of the CBOE S&P 500 BuyWrite Index. The BXM Index is a passive total return index that is based on buying the common stocks of all of the companies included in the S&P 500 Composite Stock Price Index weighted in the same proportions as the S&P 500 Index and writing (selling) call options on the S&P 500 Index. BEO: The Fund's investment objective is to seek leveraged returns on the CBOE S&P 500 BuyWrite Inde (BXM Index) less fees and expenses. The Fund seeks to replicate the BXM Index by purchasing all of the common stocks included in the S&P 500 Index weighted in the same proportions as the S&P 500 Index or other investments that have economic characteristics similar to the securities that comprise the Index Second on an approximately annual basis the Fund will enter into swap contracts on the BXM Index that are intended to provide the Fund with leveraged exposure to the return of the BXM Index. ETV: The Fund's primary investment objective is to provide current income and gains with a secondary objective of capital appreciation. Under normal market conditions the Fund's investment program will consist primarily of owning a diversified portfolio of common stocks a segment of which the "S&P 500 Segment") seeks to exceed the total return performance of the S&P 500 Composite Stock Price Index and a segment of which the "NASDAQ-100 Segment") seeks to exceed the total return performance of the NASDAQ-100 Index and selling on a continuous basis S&P 500 call options on at least 80% of the value of the S&P 500 Segment and NASDAQ-100 call options on at least 80% of the value of the NASDAQ-100 Segment. ETW: The Fund's investment objective is to provide current income and gains with a secondary objective of capital appreciation. The Fund will evaluate returns on an after-tax basis seeking to minimize and defer shareholder federal income taxes. Under normal market conditions the Fund will invest at least 80% of its total assets in a diversified portfolio of common stocks of domestic and foreign issuers. The Fund may invest up to 15% of its total assets in securities in emerging markets issuers. There may be others. Descriptions courtesy of etfconnect.

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