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The investment objective of the Fund is to track the performance of companies in the energy sector across developed markets globally. The Fund seeks to track the MSCI World Energy 35/20 Capped Index as closely as possible. The Index comprises global stocks classified within the energy sector in line with the Global Industry Classification Standard (GICS). The Fund primarily invests in securities included in the Index and generally seeks to hold all of its securities with approximately the same weightings as the Index, using a replication strategy. The Fund may use financial derivative instruments to manage the portfolio efficiently.

The investment objective of the Fund is to track the performance of companies in the energy sector across Developed Markets globally. The Fund seeks to track the performance of the MSCI World Energy 35/20 Capped Index as closely as possible. The Index measures the performance of stocks issued by companies globally that have been classified as belonging to the energy sector in line with the Global Industry Classification Standard (GICS). The Fund primarily invests in securities included in the Index and generally seeks to hold all the Index securities with approximately the same weightings. The Fund uses a replication strategy, although in limited circumstances it may purchase securities that are not included in the Index. The Fund may use financial derivative instruments to manage the portfolio efficiently.