Milwaukee – September 18, 2026 -- River1 Asset Management LLC launched the Rebuild America ETF (Cboe BZX: BUIL) on Sept. 16, 2026, an actively managed fund built to capture a multi-year infrastructure investment cycle in U.S. power, grid, construction and materials markets.
Utilities plan $1.4 trillion in grid spending through 2030
The Edison Electric Institute projects utilities will invest roughly $1.4 trillion in electricity infrastructure through 2030. The Electric Power Research Institute forecasts data centers could consume 9% to 17% of U.S. electricity by 2030, up from about 4% to 5% today, as reshoring and domestic manufacturing add further demand for power, materials and construction capacity.
Fund concentrates on 15 to 25 stocks with a 0.65% expense ratio
BUIL will hold approximately 15 to 25 publicly traded companies selected through analysis of cash flow, growth, valuation and margin durability, alongside an assessment of how directly each business benefits from the infrastructure buildout. The fund spans energy and power, electrical-grid infrastructure, construction, materials and data-center infrastructure. Sound Capital serves as adviser and River1 Asset Management as sub-adviser; the fund carries an annual expense ratio of 0.65% and is distributed by Pine Distributors, LLC.
River1 follows 2024 Trenchless Fund ETF with second infrastructure-focused vehicle
BUIL is River1's second ETF after the 2024 debut of the Trenchless Fund ETF (NYSE Arca: RVER). River1 was established by principals associated with the Michels family office, an infrastructure-building enterprise, and its portfolio managers -- CEO Tony Tagliapietra and CIO Rob Haugen -- each bring more than 25 years of investment experience, including work at major hedge funds and mutual funds.
Portfolio managers track shifting capacity constraints across the value chain
Haugen said the constraint driving the infrastructure buildout keeps moving. "The opportunity keeps moving. Today the constraint might be generation capacity, tomorrow it may be transmission, equipment, or materials. An active ETF gives us the ability to follow those capacity-constraints as they move through the system," he said. River1's research has already flagged multi-year lead times for natural gas turbines, shortages of low-voltage wire and rising pressure on U.S. electrical-grid capacity as signals shaping the portfolio.