Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The TrueShares Eagle Global Renewable Energy Income ETF (the Fund or the Energy Income ETF) seeks long-term growth of capital.
Strategy. The Fund is an actively managed exchange-traded fund (ETF) that invests primarily in equity securities of domestic and foreign companies that primarily own or operate assets used in the development, generation, production, transmission, storage and sale of alternative and renewable energy such as solar power, wind power, biofuels, hydropower, nuclear or geothermal power (collectively, Renewable Energy Infrastructure Companies). The Renewable Energy Infrastructure Companies in which the Fund may invest may range from small- to large-capitalization companies. The Fund also may invest in American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) of Renewable Energy Infrastructure Companies. Under normal market conditions, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in Renewable Energy Infrastructure … The Fund is an actively managed exchange-traded fund (ETF) that invests primarily in equity securities of domestic and foreign companies that primarily own or operate assets used in the development, generation, production, transmission, storage and sale of alternative and renewable energy such as solar power, wind power, biofuels, hydropower, nuclear or geothermal power (collectively, Renewable Energy Infrastructure Companies). The Renewable Energy Infrastructure Companies in which the Fund may invest may range from small- to large-capitalization companies. The Fund also may invest in American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) of Renewable Energy Infrastructure Companies. Under normal market conditions, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in Renewable Energy Infrastructure Companies. Eagle Global Advisors, LLC (the Sub-Adviser), the Funds investment sub-adviser, selects investments for the Funds portfolio from a universe of Renewable Energy Infrastructure Companies by utilizing a fundamentally-driven investment process which includes the analysis of global macro-economic and geo-political factors, fundamental company analysis, internal valuation methods, and the projected rate of return from the investment given its expected level of risk. The Sub-Adviser may sell a security when it no longer meets the criteria for inclusion in the Funds investment universe, when the security has not met or exceeded its projected rate of return or when a more attractive investment becomes available. The Fund is non-diversified and therefore may invest a larger percentage of its assets in the securities of a single issuer or smaller number of issuers than diversified funds. The Fund will concentrate ( i.e. , hold more than 25% of its total assets) in the securities of companies in the Utilities Industry Group within the Utilities Sector, as classified by the Global Industry Classification Standard. Under normal market conditions, the Fund expects to invest at least 40% of its assets in the securities of issuers that are tied economically to a number of countries throughout the world. As of March 31, 2025, the Fund had significant investment exposure to Renewable Energy Infrastructure Companies, the securities of which are issued and listed in Europe.
Top holdings
As of March 31, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| RWE AG NPV | RWNFF | $270.82K | 12.30% |
| Sse PLC GBP0.50 | SSEZF | $170.84K | 7.76% |
| AMERICAN ELECTRIC POWER CO INC | — | $136.59K | 6.20% |
| PG&E CORP | — | $135.45K | 6.15% |
| Energias de Portugal S.A. | ELCPF | $120.88K | 5.49% |
| NEXTERA ENERGY INC | — | $102.15K | 4.64% |
| ENEL SPA EUR1 | ENEL IM | $94.16K | 4.28% |
| MERIDIAN ENERGY LTD /NZD/ 0.00000000 | MEL NZ | $93.37K | 4.24% |
| Acciona SA EUR1 | ACXIF | $90.39K | 4.11% |
| ENDESA SA /EUR/ 0.00000000 | ELEZF | $90.34K | 4.10% |
Portfolio moves
Dec 31, 2024 → Mar 31, 2025How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity Advisor Utilities Fund · FUGAX, FUGCX, FAUFX, FUGIX, FIKIX | 14% | 0.60% |
| Goldman Sachs Bloomberg Clean Energy Equity ETF · GCLN | 13% | 0.45% |
| Duff & Phelps Utility & Infrastructure Fund Inc. | 11% | — |
Advisers
| Firm | Role |
|---|---|
| Eagle Global Advisors, LLC | Sub-adviser |
| TrueMark Investments, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2025, from the fund's N-PORT filing.
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