Seeks high current income and attractive risk-adjusted returns, with returns less correlated to broad equity markets, by investing primarily in structured notes issued by financial institutions as senior unsecured debt. The focus is enhanced-yield autocallable notes paying monthly or quarterly coupons, with up to 20% each in leveraged growth notes and principal protected notes. Notes are linked mainly to broad U.S. and developed-market equity indices, carry downside thresholds usually of 20% to 40%, are bought through competitive issuer bids at the highest coupon offered, and are generally held to maturity or call.