The investment objective of the Fund is to replicate the performance of the Nasdaq Global Semiconductor Index (the Index), while minimising as far as possible the tracking error between the Funds performance and that of the Index. The Index is a modified market-capitalisation index designed to measure the performance of large global semiconductor companies. In seeking to achieve its investment objective, the Fund will aim to invest in the constituents of the Index in generally the same proportions in which they are included in the Index.