ENFR vs TSES

ENFRBAlerian Energy Infrastructure ETF

TSESCTruth Social American Energy Security ETF

In short

ENFR Midstream, not drillers. ENFR owns the pipelines, storage tanks and processing plants that move North American energy, tracking the Alerian Midstream Energy Select Index in a compact portfolio of roughly two dozen names.

TSES A US energy fund with a media brand stamped on the ticker. Under the branding it is ordinary machinery: TSES tracks the MarketVector American Energy Security Index, so the holdings follow a published rulebook, not a headline.

Stated mandate

ENFR ENFR seeks to track, before fees and expenses, the price and yield performance of the Alerian Midstream Energy Select Index. It also seeks total return through income and capital appreciation.

TSES The Fund seeks investment results that generally correspond to the price and yield performance of the MarketVectorTM American Energy Security Index, before fees and expenses.

Why people hold it

• ENFR Charges 0.35%, under the 0.45% median for broad energy ETFs and below iShares' IYE at 0.38%.
• Different engine than most energy funds: infrastructure operators rather than the explorers and refiners whose fortunes swing with the barrel price.alpsfunds.com
• Income is written into the mandate: the fund seeks total return through income and capital appreciation, and distributions come on a quarterly schedule.
• Trading since 2013 and rated among the stronger names in our broad energy peer group.

• TSES Rules-based, not a hunch. The fund aims to track the price and yield of the MarketVector American Energy Security Index before fees, so a published methodology decides what it owns.
• Plain wrapper, plain mandate: US-listed energy stocks in a standard 1940 Act ETF. No leverage story, no derivatives overlay to decode.
• Distributions are paid on a quarterly schedule, the usual cadence for equity sector funds.

Worth knowing

• ENFR Around 26 holdings in one slice of one sector. Single-name news and midstream-specific swings land harder here than in a diversified energy fund.
• The broad energy giants (XLE, FENY, VDE) all sit under 0.10%. Specialist indexing costs more.
• Moderately traded rather than a volume heavyweight, which can mean wider bid-ask spreads than the largest energy ETFs.

• TSES You pay up for the packaging. The 0.65% expense ratio sits above the broad-energy median of 0.45%, and index giants like XLE and FENY charge 0.08%, VDE 0.09%.
• A December 2025 launch means a short track record, and trading has been light so far. Spreads and order type matter more here than with the category's household names.
• On the measures we track, the entrenched low-cost broad-energy funds still set the bar in this peer group, and TSES lands in its lower half.

Full ENFR profile⁠

Full TSES profile⁠