SEPI

SEPI aims to provide high current income by actively managing a portfolio of income-producing US equity securities. It will primarily invest in medium and large companies, with medium firms defined by the S&P MidCap 400 Index. The investment advisor selects stocks based on their high level of dividend income and potential for capital appreciation. Covered call options are also written, which could result in stocks being sold if their market price reaches the strike price. Up to 20% of assets may be held in cash, US Treasury bills, or money market instruments to meet liquidity needs. Stock futures may also be used to maintain market exposure while holding cash. The fund emphasizes income-producing stocks while considering price appreciation, balancing liquidity, and market exposure to pursue its investment objectives.