Income Overlay: (add. Call overlay) By selecting an Income Overlay the client looks to diversify returns by lessoning their dependence on capital appreciation from the underlying asset(s) in preference for call premium collection. The offering may fulfill the client’s investment objective of diversifying the underlying asset(s) by adding a call writing overlay that may have a negative return correlation to the underlying asset. Income Overlays may fulfill the client’s need for cash flow over capital appreciation but may have the effect of capping appreciation and lowering total return.