Key stats
About TCW Transform Systems ETF
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Inception date
Feb 2, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
TCW Investment Management Co. LLC
PWRD is a concentrated stock portfolio of companies perceived to drive and benefit from the energy transition to net zero carbon emissions. Using a proprietary framework, the fund screens the broad US equity market to select companies with a strategy to reduce or enable decarbonization at scale. Selection combines a top-down analysis of the economy with a bottom-up, industry-by-industry, and company-by-company assessment. The adviser does not use sustainability ratings or rankings to exclude companies or sectors. As a result, the portfolio may focus on the most carbon-intensive industries in order for the adviser to drive change through its proxy voting guidelines. Such guidelines encourage companies to invest in their employees, communities, customers, and the environment. The adviser has discretion to target specific investment opportunities. Prior to October 13, 2023, the fund was called the Engine No. 1 Transform Climate ETF. Prior to Feb. 3, 2025, the fund had a ticker of NETZ.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Producer Manufacturing
Utilities
Stocks97.27%
Electronic Technology41.74%
Producer Manufacturing18.02%
Utilities14.50%
Industrial Services8.09%
Transportation7.03%
Technology Services4.51%
Energy Minerals3.38%
Bonds, Cash & Other2.73%
Cash2.73%
Stock breakdown by region
North America73.09%
Europe26.91%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PWRD invests in stocks. The fund's major sectors are Electronic Technology, with 41.74% stocks, and Producer Manufacturing, with 18.02% of the basket. The assets are mostly located in the North America region.
PWRD top holdings are GE Aerospace and Vistra Corp., occupying 9.15% and 8.48% of the portfolio correspondingly.
PWRD last dividends amounted to 0.17 USD. The quarter before, the issuer paid 0.04 USD in dividends, which shows a 73.60% increase.
PWRD assets under management is 472.08 M USD. It's risen 10.62% over the last month.
PWRD fund flows account for 279.94 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PWRD pays dividends to its holders with the dividend yield of 0.26%. The last dividend (Mar 26, 2025) amounted to 0.04 USD. The dividends are paid quarterly.
PWRD shares are issued by The TCW Group, Inc. under the brand TCW. The ETF was launched on Feb 2, 2022, and its management style is Active.
PWRD expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
PWRD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PWRD invests in stocks.
PWRD price has risen by 5.19% over the last month, and its yearly performance shows a 22.22% increase. See more dynamics on PWRD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.42% over the last month, showed a 16.12% increase in three-month performance and has increased by 22.53% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.42% over the last month, showed a 16.12% increase in three-month performance and has increased by 22.53% in a year.
PWRD trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.