Hyperscalers have committed to more than $600B in capex spending in 2026, with more than $1T expected in 2027. While much of this is going to hardware and chips, a large portion is going to the necessary real assets and infrastructure that are proving to be the true bottleneck of AI: Electrification infrastructure, energy, and raw materials. Rising electricity demand is not just owed to data centers, but the appetite for electricity from AI data centers will require a multi-decade investment in the generation, transmission, and resources. Most cap-weighted large-cap portfolios are inherently concentrated in the companies driving rising electricity demand while being woefully underexposed to the sectors and industries that stand to benefit from it.
Seeks growth from companies building and upgrading the power grid, targeting rising electricity demand from AI data centers and the shift to electrification. Holds companies from five different sectors and 18 different industries.
Provide income oriented exposure to North American pipelines and storage assets that help move, store, and process the energy needed to power an increasingly electrified economy.
Provide income oriented exposure to North American pipelines and storage assets that help move, store, and process the energy needed to power an increasingly electrified economy.
Access to a broad basket of North American clean energy companies, providing everything from energy storage to solar to transportation solutions enabling the transition of the power economy.
