The Fund aims to achieve capital growth through exposure to a portfolio of equities from the semiconductor industry and income through the associated dividends and option premiums. The Investment Manager will then implement option strategies using listed call options on an underlying security to generate additional income. The two types of option income strategies which will be followed, will be either a traditional covered call strategy or a covered call spread strategy. The strategy adopted, will depend on market conditions and the ability to generate income on an underlying security.