USAI

American Energy Independence ETF

USAI

In its World Energy Outlook 2018, the International Energy Agency argues that the U.S. will continue to extend its lead as the world’s largest oil and gas producer accounting for almost 20% of global oil production and 25% of world natural gas production by 2025.  Furthermore, they project that the U.S will be the largest exporter of LNG by 2024. The U.S Energy Information Administration’s Annual Energy Outlook 2019 projects that the U.S will become a net energy exporter in 2020 and remain so for the foreseeable future.  

USAI provides exposure to the support systems that sit between the wellhead and the customer, which are critical to harnessing these important resources. The American Energy Independence ETF (USAI) provides exposure to the infrastructure that moves these growing energy supplies to market.

USAI is passively managed, and seeks to track the American Energy Independence Index before fees and expenses. Many ETFs that invest in energy infrastructure have substantial investments in publicly traded partnerships such as MLPs, which can result in them not being RIC-compliant and therefore subject them to U.S. Federal corporate income tax. The American Energy Independence ETF seeks to keep its holdings of MLPs below the 25% threshold, since it seeks to be a Regulated Investment Company or RIC-compliant and therefore not subject to U.S. Federal corporate income tax.


INDEX

The American Energy Independence Index is comprised of U.S. and Canadian energy infrastructure companies, Master Limited Partnerships (MLPs) and General Partners (GPs) of MLPs. Growing production of crude oil, natural gas and natural gas liquids is increasing the need for new infrastructure to move, process and store this output. This in turn reduces the need for the U.S. to rely on imports to meet its energy needs. It is therefore anticipated that as the U.S. becomes ever more energy independent, this will benefit North American infrastructure businesses, MLPs and GPs.

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PERFORMANCE Month end returns as of 09/30/2019
  1 Month 3 Month YTD 1 Year Since Inception
Fund NAV 4.07% -2.03% 19.52% -1.87% 1.70%
Market Price 4.14% -1.78% 20.02% -1.78% 1.79%
The American Energy
Independence Index
4.20% -1.78% 20.51% -0.86% 2.81%

Performance greater than one year is annualized.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (toll free 800-617-0004).

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

DISTRIBUTION DETAIL
EX- Date Record Date Payable Date Amount
12/28/2017 12/29/2017 01/02/2018 0.01957334
03/20/2018 03/21/2018 03/22/2018 0.15041560
06/19/2018 06/20/2018 06/21/2018 0.32334000
09/18/2018 09/19/2018 09/20/2018 0.33188251
12/19/2018 12/20/2018 12/21/2018 0.33300000
03/28/2019 03/29/2019 04/01/2019 0.345
06/27/2019 06/28/2019 07/01/2019 0.38
09/27/2019 9/30/2019 10/01/2019 0.39
TOP 10 HOLDINGS Download Full Holdings
Percentage Of Net Assets NAME IDENTIFIER SHARES HELD MARKET VALUE
8.50% ENBRIDGE INC ENB CN 24,510 932,671.56
7.85% TC ENERGY CORP TRP CN 16,750 861,468.43
7.60% KINDER MORGAN INC DEL KMI 41,400 833,796.00
7.37% ONEOK INC NEW OKE 11,430 809,129.70
7.12% WILLIAMS COS INC DEL WMB 35,050 781,615.00
6.90% ENTERPRISE PRODS PARTNERS L P COM EPD 29,360 756,900.80
4.46% PEMBINA PIPELINE CORP PPL CN 13,530 489,653.24
4.26% TARGA RES CORP TRGP 11,990 467,969.70
4.18% CHENIERE ENERGY INC LNG 7,590 459,195.00
3.82% ENERGY TRANSFER LP ET 37,000 419,210.00
Data as of 11/19/2019. Holdings are subject to change.