The investment seeks to provide a high level of current income; capital appreciation is considered a secondary objective. Under normal market conditions, the fund seeks to achieve its investment objective by investing, directly or indirectly through a wide range of investment vehicles (“underlying funds”), a majority of its net assets (plus any borrowings for investment purposes) in alternative income-generating investments. It may also invest in public securities, including public debt, master limited partnerships, business development companies, and preferred stock. The fund is non-diversified.