Investment Objectives
The Fund seeks current income and gains. Long-term capital appreciation is a secondary objective.
(Data below is sourced from the Allianz website unless otherwise stated).
When Do Covered Call Funds Outperform?
Covered call portfolio managers hold a portfolio of stocks and sell call options against a portion of the portfolio to generate additional income. The managers generally try to write options on stocks when the call premiums are high in order to provide a cushion during a market correction.
The covered call segment of the closed-end fund market tends to outperform when:
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