HVAC vs TRUF

HVACFAdvisorShares HVAC and Industrials ETF

TRUFCVanEck Financials TruSector ETF

In short

HVAC Air conditioners, furnaces, heat pumps. HVAC is the rare fund built around the machines that keep buildings livable, plus the industrials around them: actively managed, roughly two dozen US-listed names, launched in 2025.

TRUF Most active funds exist to beat a benchmark. TRUF is active so it can hug one: it holds US financials at true market weight, sidestepping the diversification caps that force many sector funds to shrink their largest names.

Stated mandate

HVAC The Fund seeks long-term capital appreciation. It is actively managed and invests in U.S.-traded common stocks and ADRs across HVAC-related businesses and industrial-sector companies.

TRUF The Fund is an actively managed ETF seeking long-term capital appreciation through securities of financials-related companies or instruments providing exposure to such companies.

Why people hold it

• HVAC A genuinely unusual mandate: US-listed HVAC makers, suppliers and distributors alongside broader industrial companies, in a compact book of roughly 27 stocks and ADRs.
• Actively managed, so the manager can move across equipment, components and distribution names rather than track a fixed thematic index.
• The prospectus objective is plain: long-term capital appreciation from US HVAC-related and industrial businesses. You know exactly what you own.

• TRUF A 0.10% expense ratio, against a 0.65% median for actively managed US equity funds in its peer group.
• The hybrid build (individual stocks plus targeted ETFs) keeps a sector's biggest contributors at uncapped weight while staying inside fund diversification rules.businesswire.comvaneck.com
• Roughly 80 names, measured against the MarketVector Top US Financials Companies Index. The mandate is the sector itself, not a stock picker's shortlist.

Worth knowing

• HVAC The fee is the headline trade-off. It sits far above what active US equity ETFs such as DFAU or AVLC charge, and the portfolio has to clear that cost every year.
• A small asset base and light trading mean wider bid-ask spreads than mainstream funds, so the price you pay can drift from the fund's underlying value.
• Around two dozen names in one slice of industrials: individual stocks and the building cycle swing this portfolio hard, and the record only starts in 2025.

• TRUF VanEck says financials has not suffered the weighting distortions that hit tech and consumer discretionary, so the problem this structure solves is smaller here.vaneck.com
• Launched in 2026 and still a small fund, so spreads can run wider than in the sector's household-name ETFs. Limit orders are the usual tool for that.
• Owning other ETFs brings acquired fund fees, one of the items VanEck's expense arrangement does not cover, so total cost sits above the headline fee.vaneck.com

Full HVAC profile⁠

Full TRUF profile⁠