"Perry is attracted to it because it's "megacap and blue-chip in its portfolio composition" and concentrated in the stocks he believes have strong upside potential into 2008. "I want us to get in on the broad rally, but we need to be paid well along the way."

"Perry finds this fund notable because "the level of volatility in the market is actually good news for option income funds, [since] they are structured to derive the majority of their income from writing or selling covered calls on the underlying portfolio of stocks." He adds that what's really cool about the RCC fund is that its managers "are only writing covered calls on half the portfolio, leaving 50% of what they own open to the pure upside.""