EETAX — Ecofin Global Energy Transition Fund

EETAX Fund Overview

EETAX — Ecofin Global Energy Transition Fund is a US mutual fund managed by Managed Portfolio Series, categorised as Europe Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Managed Portfolio Series
• Category: Europe Real Estate
• Assets under management: $40.47M
• 1-year return: -3.3%
• Ticker: EETAX
• SEC CIK: 0001511699
• SEC series ID: S000072975
• Share class ID: C000229697

EETAX Investment Objective and Strategy

Ecofin Global Energy Transition Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Managed Portfolio Series.

Investment objective

The investment objective of Ecofin Global Energy Transition Fund (the Fund) is to generate long-term total return.

Principal investment strategy

"Under normal circumstances, the Fund will principally focus its investment activities in equity securities of companies that are positively exposed to long-term structural trends related to the energy transition associated with decarbonization. In particular, the strategy is focused on changes in the way energy is produced and consumed globally. Ecofin Advisors Limited, the investment sub-adviser to the Fund (the ""Sub-Adviser"") believes these long-term structural changes are creating secular winners and losers, resulting in investment opportunities. These companies are focused on more efficient use of resources and emissions reduction and include, but are not limited to the following sectors: consumer discretionary, energy, industrials, information technology, materials, and utilities. The Fund will invest at least 80% of its total assets in equity securities of energy transition companies, which consist of companies (i) deriving at least 50% of their revenues or profit from or devoting at least 50% of their assets to activities in electrification, clean transportation, industrial and building efficiency, environment or other activities related to decarbonization associated with the energy transition, and in particular, opportunities from changes in the way energy is produced and consumed globally, or (ii) investing a significant portion of their capital expenditures in global energy transition activities with the intention of such activities becoming a significant part of their business.

This will include those companies in technology, industrials, utilities, power, energy, chemicals, basic materials, infrastructure, consumer electronics, waste, water, transportation, automotive, semiconductors and other related environmental industries (Energy Transition Universe, and the companies therein being Energy Transition Companies). The Fund will not invest in any company whose principal business function is related to the extraction, development or transportation of oil, gas or other fossil fuels. The Funds investments in equity securities may include investments in other investment companies, real estate investment trusts (REITs), foreign investment funds, preferred stocks, rights, warrants, convertible securities, and initial public offerings. The Fund will be invested in a range of both developed and non-developed markets, commensurate with its investment criteria.

The Fund considers non-developed market countries to be those countries defined as such by the MSCI Market Classification Framework. The Energy Transition Universe is a global investment universe that includes companies mainly based in North America, Europe and Asia, but also includes companies in other regions to a lesser extent. Under normal market conditions, the Fund will invest at least 40% of its total assets in foreign securities, which the Sub-Adviser considers to be companies organized outside of the United States, whose principal listing exchange is outside the United States, or who derive a significant portion of their revenue or profits outside the United States. The Funds investments in foreign securities may also include American Depository Receipts (ADRs) and investments in non-developed market securities.

The Energy Transition Universe includes a broad range of companies, ranging from small market capitalization companies to large market capitalization companies. The Fund may invest in companies of all market capitalizations. The Fund will concentrate in industries represented by Energy Transition Companies. Energy Transition Companies currently includes the following industries: technology, industrials, utilities, power, energy, chemicals, basic materials, infrastructure, consumer electronics, waste, water, transportation, automotive, semiconductors and other related environmental industries. The Fund is a non-diversified fund. The Fund may invest up to 15% of its total assets in debt securities, including but not limited to debt securities issued or guaranteed by the U.S. government or government-related entities.

The Fund may also invest in derivatives which are financial contracts whose values depend on, or are derived from, the values of underlying assets, reference rates, or indices. To manage risk, seek particular portfolio exposure as a substitute for a comparable market position in the underlying exposure, and/or to enhance return (including through the use of leverage), the Fund may invest in derivatives including options, futures, swap contracts and combinations of these instruments. The Fund may invest in futures, options and swap contracts on equity and debt securities, equity and debt indices and commodities (i) with aggregate net notional value of up to 100% of the Funds net assets, or (ii) for which the initial margin and premiums do not exceed 5% of its net assets, in each case excluding bona fide hedging transactions.

The Sub-Adviser will seek to utilize a combined investment approach, assessing fundamental drivers alongside thematic, macroeconomic and regulatory factors. The Sub-Adviser will target active weights towards those investments that it believes would benefit from long-term structural trends and with attractive risk-adjusted intrinsic value. The Sub-Adviser uses a four-pronged research approach to construct the Funds portfolio, which assesses (1) qualitative factors, such as a companys asset quality, management, stability of cash flows and environmental, social, governance (ESG) factors; (2) quantitative factors, such as growth prospects, liquidity position and sensitivities to key drivers; (3) relative value through the analysis of valuation models and equity market indicators, and; (4) its global proprietary database of power generation companies.

These active weights can change over time, relative to changes in fundamental outlook, corporate strategy, share prices, regulatory changes or other factors such as, but not limited to, balance sheet and liquidity considerations, ESG risk considerations, project success or jurisdictional policy issues. The Sub-Adviser incorporates ESG research into its investment process in an effort to provide better risk-adjusted returns to investors. ESG risk considerations may include, but are not limited to: Environmental: (1) Scrutiny on carbon footprint and disclosure (and other greenhouse gas emissions); (2) Companys time horizon for carbon neutrality; (3) Water use and land use; (4) Emission and waste reduction programs; (5) Research and development, innovation and thought leadership for sustainability; (6) Capital expenditures, maintenance and capital integrity; (7) Risks linked to stranded assets; (8) Climate change-related physical risks on assets (fire, weather, droughts, etc.); (9) Adverse policy support.

Social: (1) Impact on communities; (2) Customer satisfaction; (3) Commitment to safety standards; (4) Diversity in board, management and employees; (5) Employee engagement; (6) Commitment to fair and safe labor practice. Governance: (1) Protection of minority shareholders; (2) Conflicts of interest; (3) Insider ownership; (4) Management compensation; (5) Financial and strategic transparency; (6) Board independence; (7) Engagement with management and proxy voting. The investment team may also seek to actively engage with portfolio companies to drive continuous business improvement in their ESG & sustainability practices and metrics, including but not limited to direct dialogue with senior leadership, active proxy voting and coordination with other owners. Where the investment team deem shareholder resolutions to contravene ESG principals, such as proposals that would reverse or delay progress towards net zero carbon goals or proposals that constitute a conflict of interest at the management or board level, then the investment team will vote against those specific resolutions.

Resolutions are considered on a case-by-case basis."

EETAX Performance

Total returns for EETAX (as of 2026-10-01), from SEC filings.

EETAX Risk Information

Risk metrics for EETAX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 23.2%

EETAX Costs and Fees

EETAX costs about $115 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.15%
• Gross expense ratio: 1.67%
• Portfolio turnover: 55%
• Brokerage commissions: 6.69 bps of average net assets (SEC N-CEN)

EETAX Cashflows

Over the 12 months to 2023-08, Ecofin Global Energy Transition Fund had net inflows of $1.43M, from monthly SEC N-PORT filings.

EETAX Debt Constituents

No individual debt constituents are reported in Ecofin Global Energy Transition Fund's latest SEC N-PORT filing.

EETAX Prospectus and SEC Filings

Official Ecofin Global Energy Transition Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-03-29
• Prospectus (485BPOS) — filed 2022-03-30
• Prospectus (485BPOS) — filed 2021-10-15
• Portfolio holdings (N-PORT) — filed 2023-10-17
• Portfolio holdings (N-PORT) — filed 2023-07-24
• Portfolio holdings (N-PORT) — filed 2023-04-24
• Annual census (N-CEN) — filed 2023-02-09
• Annual census (N-CEN) — filed 2022-02-09

Related Funds

Other Europe Real Estate funds tracked on ABC INVEST:

• Orinda Income Opportunities Fund (OIOAX)
• OShares FTSE Europe Quality Dividend ETF (OEUR)
• Goldman Sachs Data Enhanced International Equity ETF (GIEQ)
• FT Vest Nasdaq-100 Dual Directional Buffer ETF - December (DQDE)
• FT Vest Nasdaq-100 Dual Directional Buffer ETF - March (DQMR)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.