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TCW Transform Systems (PWRD) ETF Holdings & Analysis
ETFOther
What PWRD does
The PWRD exchange-traded fund (ETF) comprises a focused selection of equities, investing in companies poised to lead and profit from the global shift towards a net-zero carbon economy. Employing a unique, proprietary methodology, it systematically evaluates the broader U.S. stock market to identify firms actively working to significantly reduce carbon emissions or facilitate large-scale decarbonization efforts. This selection process integrates a macro-level economic analysis with a detailed, ground-up examination across various industries and individual companies. Notably, the fund's adviser deliberately avoids utilizing conventional sustainability ratings or environmental, social, and governance (ESG) rankings as exclusionary criteria for companies or entire sectors. Consequently, the portfolio might strategically include holdings in carbon-intensive industries, enabling the adviser to exert influence and foster change via its active proxy voting policies. These guidelines advocate for corporations to make impactful investments in their workforce, communities, customer welfare, and environmental stewardship. Furthermore, the adviser retains discretionary power to pursue particular investment opportunities deemed appropriate. It was formerly known as the Engine No. 1 Transform Climate ETF until October 13, 2023, and traded under the ticker symbol NETZ prior to February 3, 2025.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| GENERAL ELECTRIC | 8.65% | |
| VENTURE GLOBAL INC-CL A | 6.13% | |
| SAFRAN SA /EUR/ | 5.66% | |
| VERTIV HOLDINGS CO-A | 5.41% | |
| ARISTA NETWORKS INC | 5.38% | |
| APPLIED MATERIALS INC | 4.88% | |
| UNION PACIFIC CORP | 4.66% | |
| AIRBUS SE /EUR/ | 4.15% | |
| BROADCOM INC | 4.14% | |
| KLA CORP | 4.14% |
Geographic allocation
| United States | 75.29% |
| France | 5.66% |
| Netherlands | 4.15% |
| Ireland | 6.22% |
| Taiwan (Province of China) | 3.05% |
| Canada | 1.76% |
| Germany | 1.49% |
| Sweden | 1.28% |
| Other | 1.10% |
PortView Portfolio Insights
PortView analyzes how PWRD fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does PWRD track?
- PWRD is the TCW Transform Systems ETF, a Other ETF.
- What is the expense ratio of PWRD?
- Expense ratio data for PWRD is shown on the page when available from our data provider.
- What are the largest holdings in PWRD?
- Top holdings include GE, VG, SAF.PA, VRT, ANET.
- How can PortView analyze PWRD overlap with other ETFs?
- PortView computes the holdings overlap between PWRD and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.