FRUAX Holdings List

As of May 31, 2025

No.	Symbol	Name	% Weight	Shares
1	NEE	NextEra Energy, Inc.	8.60%	8,300,000
2	SO	The Southern Company	5.41%	4,100,000
3	ETR	Entergy Corporation	5.36%	4,389,520
4	VST	Vistra Corp.	5.18%	2,200,000
5	DUK	Duke Energy Corporation	4.49%	2,600,000
6	SRE	Sempra	4.21%	3,650,000
7	EVRG	Evergy, Inc.	4.14%	4,250,000
8	PCG	PG&E Corporation	3.66%	14,800,000
9	NI	NiSource Inc.	3.65%	6,300,000
10	PPL	PPL Corporation	3.57%	7,000,000
11	EXC	Exelon Corporation	3.28%	5,100,000
12	LNT	Alliant Energy Corporation	3.19%	3,500,000
13	AEE	Ameren Corporation	3.01%	2,119,148
14	DTE	DTE Energy Company	2.70%	1,350,000
15	CNP	CenterPoint Energy, Inc.	2.62%	4,800,000
16	PEG	Public Service Enterprise Group Incorporated	2.38%	2,000,000
17	EIX	Edison International	2.33%	2,850,000
18	CEG	Constellation Energy Corporation	2.02%	450,000
19	FE	FirstEnergy Corp.	1.97%	3,200,000
20	XEL	Xcel Energy Inc.	1.95%	1,900,000
21	NRG	NRG Energy, Inc.	1.83%	800,000
22	LON: DRX	Drax Group plc	1.64%	12,500,000
23	LON: NG	National Grid plc	1.55%	7,458,333
24	CMS	CMS Energy Corporation	1.54%	1,500,000
25	ETR: EOAN	E.ON SE	1.54%	6,000,000
26	D	Dominion Energy, Inc.	1.50%	1,800,000
27	WEC	WEC Energy Group, Inc.	1.34%	850,000
28	TXNM	TXNM Energy, Inc.	1.25%	1,500,000
29	ES	Eversource Energy	1.24%	1,300,000
30	DTM	DT Midstream, Inc.	1.15%	750,000
31	PNW	Pinnacle West Capital Corporation	1.14%	850,000
32	WMB	The Williams Companies, Inc.	1.06%	1,200,000
33	NWE	NorthWestern Energy Group, Inc.	1.05%	1,300,000
34	OGE	OGE Energy Corp.	1.04%	1,600,000
35	LNG	Cheniere Energy, Inc.	1.04%	300,000
36	AEP	American Electric Power Company, Inc.	0.91%	600,000
37	TLN	Talen Energy Corporation	0.89%	250,000
38	OGS	ONE Gas, Inc.	0.77%	700,000
39	SR	Spire Inc.	0.72%	650,000
40	LON: UU	United Utilities Group PLC	0.70%	3,000,000
41	CWEN	Clearway Energy, Inc.	0.63%	1,400,000
42	WTRG	Essential Utilities, Inc.	0.51%	900,000
43	HE	Hawaiian Electric Industries, Inc.	0.42%	2,702,702
44	n/a	Usd	0.32%	n/a
45	INFXX	Institutional Fiduciary Trust - Money Market Portfolio	0.27%	18,072,984
46	AES	The AES Corporation	0.19%	1,300,000
47	n/a	Gbp	0.05%	n/a

As of May 31, 2025

Asset Allocation

Asset Class	% Weight
Stocks	99.75%
Cash	0.25%

Sector Breakdown

Sector	% Weight
Utilities	92.44%
Energy	4.11%
Industrials	1.91%
Communication Services	0.96%
Other	0.58%

Country Breakdown

Sector	% Weight
United States	95.31%
Canada	1.97%
United Kingdom	1.16%
Germany	1.15%
Australia	0.38%