The objective of the Fund is to track the performance of European large and mid-sized companies in the Energy sector. It aims to do this by tracking the performance of the MSCI Europe Energy 35/20 Capped Index§ (the 'Index') as closely as possible, while seeking to minimise as far as possible the tracking error between the Fund's performance and that of the Index. The MSCI Europe Energy 35/20 Capped Index is a free floatadjusted, net total returns, market capitalisation-weighted index, providing investors with a benchmark for European large and mid-sized companies, classified in the Energy sector as per the Global Industry Classification Standard (GICS). The weight of the largest issuer in the Index is constrained to 35% and the weights of all other entities are constrained to a maximum of 20%.
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