The fund was launched in 2005 with the target of a 7% income, and it has achieved this two years running.  The strategy  to achieve this has been successfully tried and tested by institutions over many years, and it is good to see it being successfully applied in a fund for retail investors.  The fund holds individual shares and sells call options to boost the income (though this does have the effect of capping capital growth potential).

A medium  fund for those seeking high income, and not too concerned about capping growth potential. 

To generate good returns by investing in the shares of attractively priced companies that pay high, sustainable dividends. These are likely to be mature, well - established organisations such as banks or oil companies. These shares also offer the potential of capital growth, especially if they are currently undervalued by the market. The fund also seeks income from the sale of 'options'.