NETZ
TCW Transform Systems ETF
NETZ is actively managed and seeks to invest in companies that will drive and benefit from the development of sustainable business practices and climate-friendly business models.
US
EQUITY
Active
MANAGEMENT STYLE
$ 989.1 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Feb 02, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| GE AEROSPACE | 10.2 % |
| SAFRAN SA | 8.4 % |
| VERTIV HOLDINGS CO. CLASS A | 6.8 % |
| BROADCOM INC. | 6.1 % |
| EADS NV | 5.5 % |
| TALEN ENERGY CORP ORDINARY SHARES NEW | 4.7 % |
| REPUBLIC SERVICES INC | 4.5 % |
| VISTRA ENERGY CORP. | 4.4 % |
| MIRION TECHNOLOGIES, INC. CLASS A | 4.1 % |
| MICROSOFT CORP | 3.9 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 487 |
| Wgt avg mkt cap (mns) | $394,076 |
| Large cap (>$10bn) | 88.8% |
| Mid cap ($2-10bn) | 5.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 94.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 63.0 % |
 |
FRANCE | 11.4 % |
 |
IRELAND | 6.4 % |
 |
NETHERLANDS | 5.5 % |
 |
CANADA | 4.1 % |
 |
GERMANY | 2.2 % |
 |
SWEDEN | 1.3 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 32.5% | 32.5% | 30.2% | 26.6% | -- | -- | -- | 18.8% |
| Dividend Yield | 0.0% | 0.0% | 0.3% | 0.6% | -- | -- | -- | 0.7% |
| Total Returns | 32.5% | 32.5% | 30.5% | 27.2% | -- | -- | -- | 19.5% | Ann. Volatility | 214.7% | 214.7% | 63.7% | 46.9% | -- | -- | -- | 41.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 10.00 | 64% |
| MSCI EAFE | 10.00 | 56% |
| MSCI Emg Mkts | 10.00 | 62% |
Liquidity Measures
| Avg. volume (000) | 32 |
| ADV traded (mns) | $3 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $79.01 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 2.57/1.14 |
| Bollinger Bands (Upper/Lower) | $94.20/$64.73 |
| Short interest (% of AUM) | 0.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NETZ |
Expenses vs. NETZ |
ALTAR Score™ vs. NETZ |
|---|---|---|---|---|
| AIPO | Defiance AI & Power Infrastructure ETF | 22.6% | -6 bp | -1.0% |
| BELT | iShares Long-Term U.S. Equity Active ETF | 20.6% | 0 bp | +0.5% |
| GGRW | Gabelli Growth Innovators ETF | 20.6% | +15 bp | +0.3% |
| GRNY | Fundstrat Granny Shots US Large Cap ETF | 19.2% | 0 bp | +0.6% |
| XLI | Industrial Select Sector SPDR | 16.9% | -67 bp | +1.8% |
| IQM | Franklin Intelligent Machines ETF | 16.6% | -25 bp | -0.7% |
| GK | AdvisorShares Gerber Kawasaki ETF | 16.3% | 0 bp | -0.1% |
| SPUS | SP Funds S&P 500 Sharia Industry Exclusions ETF | 16.2% | -30 bp | +2.3% |
| PJFG | PGIM Jennison Focused Growth ETF | 16.0% | 0 bp | +0.4% |
| EGUS | iShares ESG Aware MSCI USA Growth ETF | 15.9% | -57 bp | +1.8% |
Risk and Returns: NETZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/23/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
2.7%
ALTAR SCORE™
7th
PERCENTILE
AVOID
ETFRC RATING
There are 1,188 funds in the US Equity category with an average
ALTAR Score™ of 5.8% and a standard deviation
of 2.1%. NETZ's ALTAR Score™ is approximately -1.5 standard
deviations above the category average. This places NETZ in the 7th percentile
among funds in the category.
Sell-Side Consensus
$122.28
PRICE TARGET
+22.0%
UPSIDE