The fund is passively managed to offer broad exposure to US equity stocks in the energy sector, as classified by GICS. The fund holds energy companies, stretching across multiple sub-industries from the broadly defined energy space. The fund diversifies its holdings by applying limits on regulated investment companies using the MSCI 25/50 methodology, such that no group entity exceeds 25% of index weight and the aggregate weight of issuers with over 5% weight in the index are capped at 50% of the portfolio. The index is rebalanced on a quarterly basis.