The investment seeks to provide investors with a high level of distributions while providing reduced downside risk to equity markets. The fund seeks to achieve its investment objective by entering into swap agreements and/or option contracts structured similarly to swap agreements (collectively, hereinafter referred to as 'swap agreements' or 'swaps') that seek to deliver a return reflecting the performance of a portfolio of theoretically created financial instruments designed to replicate the defined return characteristics of autocallable yield notes (each such theoretical financial instrument, a 'Synthetic Autocallable Contract'). It is non-diversified.