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The investment objective of the Fund is to achieve the net total return performance of the S&P Select Sector Capped 20% Energy Index, less fees, expenses and transaction costs. The Index represents the energy sector of the S&P 500 Index. Its constituents are classified according to the Global Industry Classification Standard (GICS) and maintain the same classification as the parent S&P 500. The Index follows a modified market-capitalisation-weighted methodology, with the weight of each constituent based on its float-adjusted market capitalisation and modified so that no constituent security has a weight exceeding 19% of the Index at each quarterly rebalancing. The Fund uses unfunded swaps to achieve its investment objective and reinvests income to grow capital.

The investment objective of the Fund is to achieve the net total return performance of the S&P Select Sector Capped 20% Energy Index, less fees, expenses and transaction costs. The Index represents the energy sector of the S&P 500 Index. Its constituents are classified according to the Global Industry Classification Standard (GICS) and maintain the same classification as the parent S&P 500. The Index follows a modified market-capitalisation-weighted methodology, with constituent weights based on float-adjusted market capitalisation and capped so that no constituent security represents more than 19% of the Index at each quarterly rebalancing. The Fund uses unfunded swaps to exchange the performance of a basket of stocks and equity-related securities for the performance of the Index.