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PWRD

TCW Transform Systems ETF

PWRD

Market cap $1.44B

103.55 USD

-4.26

3.95%

At close Updated Sep 14, 1:59 PM EDT

1 day

-3.95%

5 days

-4.61%

1 month

-8.89%

3 months

-10.86%

6 months

2.81%

Year to date

4.71%

1 year

7.97%

5 years

111.03%

10 years

111.03%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 50%

Neutral 50%

Negative 0%

TCW Transform Systems ETF Q2 2026 Commentary

Net of fees, PWRD returned +26.17% in Q2 2026 compared to +15.20% for the S&P 500. Year-to-date, PWRD was up +27.97% versus the S&P 500 return of +10.21%. Top performers during Q2 2026 included Applied Materials, KLA Corporation, and GE Aerospace. Detractors to the fund's performance included Venture Global, Exxon Mobil, and Cheniere Energy.

TCW Transform Systems ETF Q2 2026 Commentary

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AI is changing the way investors add alpha to index fund returns

For decades, overweighting specific S&P 500 sectors within small portfolio allocations has been a primary way for investors and financial advisors to add alpha to core stock index returns, but themes like AI and thematic ETFs are attracting more of that money.

AI is changing the way investors add alpha to index fund returns

PWRD: Worth Revisiting During The Current Energy Crisis

The TCW Transform Systems ETF has outperformed the S&P 500, delivering strong returns driven by exposure to energy, data centers, and power infrastructure trends. PWRD's active management and high turnover have shifted recent sector allocations, increasing technology exposure while maintaining a core focus on industrials and energy transformation. Despite high valuations (average PE > 30) and an above-average expense ratio, PWRD maintains a five-star Morningstar rating for risk-adjusted returns, reflecting strong historical performance.

PWRD: Worth Revisiting During The Current Energy Crisis

PWRD: Solving the $5 Trillion Power Constraint

While most energy transition funds chase the next clean technology breakthrough, the TCW Transform Systems ETF (PWRD) has quietly amassed more than $1.5 billion by betting on a less glamorous thesis: the United States doesn't have enough transformers, power lines, or electricians to support the coming surge in electricity demand.

PWRD: Solving the $5 Trillion Power Constraint

It's Rough Out There. But These 5 Funds Are Crushing It.

Despite the gloomy headlines, market breadth is increasing. More stocks are moving higher.

It's Rough Out There. But These 5 Funds Are Crushing It.

Inside TCW's Strategic ETF Expansion

Active fixed income ETFs gathered an impressive 38% of the $173 billion of net inflows in the 12 months ended January 2026. TCW's recent expansion serves as a strong case study in how a legacy bond powerhouse can benefit as ETFs gain market share.

Inside TCW's Strategic ETF Expansion

TCW Transform Systems ETF (PWRD) Crosses $1 Billion in Assets

LOS ANGELES--(BUSINESS WIRE)--The TCW Group, a leading global investment firm, announced today that TCW Transform Systems ETF (PWRD) has surpassed $1 billion in assets under management (AUM), with 200% asset growth since January 2025, and 32.58% annual return in 2025, making it the top-performing exchange-traded fund in its peer group last year1, according to data from Morningstar. PWRD is an actively managed ETF that aims to invest in companies across many sectors that are driving or benefitti.

TCW Transform Systems ETF (PWRD) Crosses $1 Billion in Assets

CNBC Television

ETF Edge: How investors are handling geopolitical uncertainty and energy pricing whiplash

Energy markets around the world have been shaken up by geopolitical volatility, most notably in Venezuela and Iran. However, there's much more to the story beyond just those two countries.

ETF Edge: How investors are handling geopolitical uncertainty and energy pricing whiplash

PWRD: Following The Growth In Energy Transition

TCW Transform Systems ETF has delivered top-percentile returns in 2024 and 2025, earning a five-star Morningstar rating. PWRD targets companies driving energy transformation, with heavy industrial exposure and 25% international allocation, but currently trades at elevated valuations. The ETF has outperformed the S&P 500 by over 6% annualized since inception, though it has lagged in the last six months and faces near-term volatility risks.

PWRD: Following The Growth In Energy Transition

PWRD: AI Disguised As Energy Transition

TCW Transform Systems ETF offers focused exposure to next-generation power distribution and energy transition, with a strong tilt toward industrials and AI data centers. PWRD's portfolio is concentrated, with the top 10 holdings comprising over 60%, and includes leaders in power infrastructure, AI chips, and traditional energy transitioning to renewables. Despite a higher expense ratio, PWRD has outperformed peers and provides diversified access to the energy lifecycle but carries concentration and sector-specific risks.

PWRD: AI Disguised As Energy Transition

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