The aim is for the investment to reflect the performance before fees and expenses of the MSCI World Utilities Total Return Net Index (Index) which is designed to reflect the performance of the listed shares of certain companies from various developed countries. The shares are issued by companies in the utilities sector, for example, power, water and gas services. A company’s weighting in the Index depends on its relative size based on the combined value of a company’s readily available shares as compared to other companies. The Index is calculated on a total return net basis which means that all dividends and distributions by the companies are reinvested in the shares after tax. The Index is reviewed and rebalanced at least quarterly. The Fund will attempt to replicate the Index by buying a substantial number of the shares in the Index in the same proportion as the Index as determined by the Sub-Portfolio Manager of the Fund which is Deutsche Asset Management (UK) Limited.