Index Performance
Overview
Description
Hormuz closed. Decades long infra buildout will happen. No pipeline for natural gas. Qatar’s 77 million tonnes per year of LNG capacity — just gone. No pipeline for diesel or jet fuel. Europe imported 30% of its diesel and half its jet fuel from the Gulf before this crisis. No pipeline for cooking gas. India — which imports 67% of its LPG, with 90% transiting through Hormuz — saw 10,000 restaurants close in a single state in one week. Celebrated restaurants in Kolkata and Lucknow switched to coal and firewood. The government invoked emergency powers. No pipeline for iron ore, aluminum, or industrial chemicals. 280 bulk carriers stranded. Aluminum prices surging. The asymmetric trade is in the products and infrastructure where there is literally no Plan B.
- TickerPIPELINE
- Inception Date03/16/2026
- WeightingEqual
- # of holdings9
What's inside?
Holdings
All holdings as of March 16, 2026
| Equinor ASA (EQNR) | 14.24% | $80.78B | -0.31% | 26.84% | 0.67 |
| Cheniere Energy, Inc. (LNG) | 12.24% | $52.45B | 24.44% | 28.97% | 3.71 |
| The Williams Cos., Inc. (WMB) | 11.80% | $91.34B | 10.02% | 41.48% | 8.90 |
| Excelerate Energy, Inc. (EE) | 11.67% | $4.08B | 44.26% | 32.19% | 2.68 |
| Enterprise Products Partners LP (EPD) | 10.93% | $80.61B | -6.47% | 12.89% | 2.00 |
| Enbridge, Inc. (ENB) | 10.91% | $117.65B | 21.53% | 32.61% | 3.97 |
| Sempra (SRE) | 10.25% | $61.37B | 5.83% | 29.15% | 7.61 |
| NextDecade Corp. (NEXT) | 9.66% | $1.45B | N/A | N/A | N/A |
| New Fortress Energy, Inc. (NFE) | 8.30% | $318.70M | -42.32% | 4.33% | 5.44 |