TCW Transform Systems ETF

PWRD

Market cap $1.18B

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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.

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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.

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.

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