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USAI is a passive equity ETF built to track the American Energy Independence Index, targeting midstream energy infrastructure across the U.S. and Canada.
It uses a mostly full-replication approach and aims to closely match the index’s returns (before fees), with quarterly rebalances.
The portfolio is intentionally concentrated in the midstream energy industry and the fund is non-diversified, meaning single-name and industry exposure can be meaningful.
You’re buying a basket of companies that move and store oil and natural gas—think pipelines, processing plants, and storage terminals. Most holdings are regular corporations (about 80%), with a smaller slice in MLPs (about 20%), both tied to midstream infrastructure.
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Showing the largest holdings by weight in USAI
| Logo | Ticker | ETF Weight | Market Value | |
|---|---|---|---|---|
ET | ET Energy Transfer LP | Energy Transfer LP | 7.38% | $6.1M |
WM | WMB Williams Cos Inc/The | Williams Cos Inc/The | 7.24% | $6.0M |
KM | KMI Kinder Morgan Inc | Kinder Morgan Inc | 7.21% | $6.0M |
OK | OKE ONEOK Inc | ONEOK Inc | 7.08% | $5.9M |
EN | ENB.TO Enbridge Inc | Enbridge Inc | 7.04% | $5.8M |
TR | TRP.TO TC Energy Corp | TC Energy Corp | 6.94% | $5.7M |
LN | LNG Cheniere Energy Inc | Cheniere Energy Inc | 4.44% | $3.7M |
MP | MPLX MPLX LP | MPLX LP | 4.38% | $3.6M |
PP | PPL.TO PEMBINA PIPELINE CORP | PEMBINA PIPELINE CORP | 4.26% | $3.5M |
EP | EPD Enterprise Products Partners LP | Enterprise Products Partners LP | 4.17% | $3.5M |
Breakdown of USAI by sector weightings (%)
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Top countries by weight (%)
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