The investment seeks to outperform the S&P 500® Index. The fund invests primarily in equity securities of issuers included in the Standard & Poor's 100 Index. The index, a subset of the S&P 500® Index, is a capitalization-weighted index based on 100 highly capitalized stocks for which options are listed. The fund may also invest in derivatives, including, but not limited to, futures. It may lend portfolio securities on a short-term or long-term basis, up to 33 1⁄3% of its total assets.