An actively managed ETF: VanEck's managers pick energy companies, or instruments tied to them.
TRUN, the VanEck Energy TruSector ETF, is a $0 million ETF whose main story is geopolitical supply.
The narrative it carries
This is its only narrative.
Geopolitical supply →
Oil and the companies that produce, move and refine it, priced partly on the risk that supply is cut off.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | XLE | 37.4% | $39.13bn | +46.1% | 0.08% |
| 2 | AMLP | 12.1% | $12.62bn | +22.2% | 1.01% |
| 3 | VDE | 9.6% | $10.01bn | +44.9% | 0.09% |
| 4 | GUNR | 6.5% | $6.84bn | +24.8% | – |
| 5 | GNR | 4.8% | $5.07bn | +29.1% | – |
| 83 other ETFs | 29.6% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 88 ETFs on the narrative page →
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| TRUN | −2.5% | – | – | – | – | – |
| Geopolitical supplyits narrative | −4.2% | +13.8% | +36.3% | +39.7% | +16.9% | +20.3% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on July 8, 2026: +14.6%.
$10,000 invested July 31, 2026
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
TRUN has traded for less than a year, so how it moves against the market is not shown yet.
Where it sits in Geopolitical supply
Each dot is one of 48 unlevered ETFs whose main narrative is geopolitical supply, placed by its return (up) and how much it swung (right) over the last year.
Risk
Cost against its peers
TRUN is the 4th cheapest of 30 ETFs in geopolitical supply. The dashed line is the middle of the group, 0.46% a year.
How it is built
An unlevered long ETF that owns its holdings directly. It counts toward Share of Narrative.
Narrative exposure
Common questions
What story is TRUN selling?
TRUN’s main story is geopolitical supply, which covers oil and the companies that produce, move and refine it, priced partly on the risk that supply is cut off.
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