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
$ 1.5 B
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 | 7.6 % |
| VERTIV HOLDINGS CO. CLASS A | 7.1 % |
| SAFRAN SA | 5.6 % |
| BROADCOM INC. | 5.3 % |
| GE VERONA | 4.8 % |
| POWELL INDUSTRIES INC | 4.4 % |
| APPLIED MATERIALS INC | 4.2 % |
| TRANE TECHNOLOGIES PLC | 4.1 % |
| KLA CORPORATION | 4.0 % |
| VENTURE GLOBAL INC ORDINARY SHARES - CLA | 3.7 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 399 |
| 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 | 69.9 % |
 |
FRANCE | 7.8 % |
 |
IRELAND | 4.1 % |
 |
SWEDEN | 3.7 % |
 |
NETHERLANDS | 3.3 % |
 |
GERMANY | 2.6 % |
 |
CANADA | 2.4 % |
 |
TAIWAN | 1.8 % |
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 | 100% |
| MSCI EAFE | 10.00 | 100% |
| MSCI Emg Mkts | 10.00 | 100% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| 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
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 | 23.4% | -6 bp | -1.3% |
| BELT | iShares Long-Term U.S. Equity Active ETF | 20.6% | 0 bp | +0.2% |
| GGRW | Gabelli Growth Innovators ETF | 20.6% | +15 bp | +0.3% |
| GRNY | Fundstrat Granny Shots US Large Cap ETF | 19.0% | 0 bp | +0.5% |
| XLI | Industrial Select Sector SPDR | 18.6% | -67 bp | +1.8% |
| HLAL | Wahed FTSE USA Shariah ETF | 17.5% | -25 bp | +1.7% |
| EGUS | iShares ESG Aware MSCI USA Growth ETF | 17.1% | -57 bp | +1.5% |
| SPUS | SP Funds S&P 500 Sharia Industry Exclusions ETF | 17.0% | -30 bp | +2.0% |
| YNOT | Horizon Digital Frontier ETF | 16.8% | 0 bp | +0.8% |
| RND | First Trust Bloomberg R&D Leaders ETF | 16.7% | -15 bp | +0.8% |
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 5/7/2026
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
2.4%
ALTAR SCORE™
8th
PERCENTILE
AVOID
ETFRC RATING
There are 1,206 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. NETZ's ALTAR Score™ is approximately -1.4 standard
deviations above the category average. This places NETZ in the 8th percentile
among funds in the category.
Sell-Side Consensus
$129.33
PRICE TARGET
+14.6%
UPSIDE