S&P 500 Covered Call Fund Inc.

As of February 2, 2010, S&P 500 Covered Call Fund Inc. has gone out of business. It is a closed-ended equity indexed mutual fund launched by IQ Investment Advisors LLC. The fund is managed by IQ Investment Advisors LLC and Oppenheimer Capital LLC. It invests in the public equity markets of the United States. The fund focuses on investments across diversified sectors. It employs covered call strategy by investing in large-cap stocks included in the S&P 500 Index weighted in the same proportions as the S&P 500 Index and other investments that have economic characteristics similar to the securities that comprise that Index, and writing call options on the S&P 500 Index. The fund replicates the performance of S&P 500 Index. It benchmarks the performance of its portfolios against Chicago Board Options Exchange (CBOE) S&P 500 BuyWrite Index. S&P 500 Covered Call Fund Inc was formed on March 31, 2005 and is domiciled in United States.