iShares Global Energy ETF(AMEX:IXC)

IXC fits the bill if youre looking for neutral exposure to the global energy sector. The fund starts off with an underlying index that a committee narrows down to include companies reflective of the broad energy sector. And even though it proportionally weights issuers by market-cap, its large-cap bias introduces a few overweights in the fund, and a heavy investment in a few US giants (but that's inherent to the sector). Overall, it is imperative to note certain concentration risks before investing in this fund. Holdings are market cap-weighted, subject to capping, which limits single security weights to 22.5% and the aggregate of all securities by an issuer exceeding 4.5% to be capped at 45%. The index is rebalanced quarterly in March, June, September, and December. Prior to Mar. 20, 2023, the IXC tracked S&P Global 1200 Energy Index.