TRUT vs UTES

TRUTAVanEck Technology TruSector ETF

UTESBVirtus Reaves Utilities ETF

In short

TRUT Diversification rules force most tech ETFs to trim their biggest names. TRUT's answer: own the giants directly up to the legal line, then top up with sector ETFs so the portfolio mirrors the sector's real shape.

UTES Utilities, but stock-picked. UTES has run an active, value-driven, bottom-up portfolio of electricity, gas and water companies since 2015, at a fee below what the typical active US equity ETF charges.

Stated mandate

TRUT The Fund seeks long-term capital appreciation through active investment in securities of information technology-related companies or instruments providing exposure to them.

UTES The Fund seeks total return from capital appreciation and income.

Why people hold it

• TRUT The mechanism is the point. Fund rules cap one stock at 25% and stocks above 5% at 50% combined; TRUT fills the gap with targeted sector ETFs instead of overweighting smaller names.vaneck.comvaneck.com 2
• 0.14% a year for an actively managed fund, against a median near 0.65% across active US equity peers. Cheap enough to sit alongside index products.
• One of the two originals in VanEck's TruSector line, launched in 2025. The approach has since been extended across all 11 GICS sectors.vaneck.comvaneck.com 2
• About 80 positions, quarterly distributions, and steady day-to-day trading. On cost and tradability it lands in the upper tier of its active US equity cohort.

• UTES Real stock picking in a quiet sector: a value-based, bottom-up process hunting utility names with room for income growth and capital appreciation.
• The 0.49% fee undercuts the 0.65% median for active US equity ETFs in its peer group, so the manager isn't digging out of a cost hole.
• Live since 2015 and now a billion-dollar-plus fund that trades easily, it sits in the upper half of its active US equity peer group.
• Pays on a quarterly schedule, matching a mandate that chases total return from both capital appreciation and income.

Worth knowing

• TRUT Part of the exposure arrives through other ETFs rather than shares the fund holds outright. That is the workaround that makes uncapped weights possible, and it adds a layer.vaneck.com
• Uncapped means concentrated. Leaning fully into tech's largest companies ties results to a handful of mega-caps more tightly than a capped sector fund would.vaneck.com
• Launched August 2025, so there is only a short record of how closely the hybrid build actually shadows an uncapped tech benchmark.

• UTES At least 80% of assets sit in companies tied to generating or distributing electricity, gas or water. This is one sector, not the whole market.
• Cheap for active, pricey next to the broad index-style leaders in its cohort such as DFAU (0.12%) and AVLC (0.15%).
• No declared index behind it. The portfolio reflects the manager's judgment, so there's no benchmark to grade tracking against.

Full TRUT profile⁠

Full UTES profile⁠