Many investors totally miss the point about this fund as well as buy write strategies. Seeing some of the comments on this fund are striking. GATEX is one of the best and longest running buy/write low volatility funds you can buy that doesn't come wrapped in a hedge fund. The whole purpose of this fund is to lower volatility and achieve a higher rate of return over time than a standard bond fund. Consider this fund as a compliment to your portfolio and compare it to a traditional intermediate bond fund for diversification purposes.