RNWZ
TrueShares Eagle Global Renewable Energy Income ETF
RNWZ seeks long-term capital growth by actively managing a portfolio of renewable energy infrastructure companies from across the globe.
Global
EQUITY
Active
MANAGEMENT STYLE
2.4 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
Fund sponsor | TrueMark Group |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Dec 08, 2022 |
Assets (mns) | $2 |
Expense ratio | 75 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
RWE AG | 12.2 % |
DONG ENERGY A/S | 9.0 % |
SSE PLC | 8.1 % |
AMERICAN ELECTRIC POWER | 5.9 % |
P G & E CORP | 4.8 % |
MERIDIAN ENERGY LTD | 4.7 % |
EDP-ENERGIAS DE PORTUGAL SA | 4.7 % |
HANNON ARMSTRONG SUSTAINABLE | 4.6 % |
VERBUND AG | 4.3 % |
ALLETE INC | 4.1 % |
Constituent Breakdown
Number of holdings | 23 |
Herfindahl-Hirschman Index | 565 |
Wgt avg mkt cap (mns) | $24,003 |
Large cap (>$10bn) | 63.4% |
Mid cap ($2-10bn) | 34.9% |
Small cap (<$2bn) | 1.7% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 29.8 % | |
GERMANY | 14.1 % | |
SPAIN | 9.7 % | |
DENMARK | 9.0 % | |
BRITAIN | 8.1 % | |
NEW ZEALAND | 7.0 % | |
CANADA | 6.9 % | |
PORTUGAL | 4.7 % | |
AUSTRIA | 4.3 % | |
FINLAND | 3.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 1.8% | 9.8% | -- | -- | -- | -- | 2.2% | Volatility | 15.6% | 16.8% | -- | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.97 | 29% |
MSCI EAFE | 1.22 | 61% |
MSCI Emg Mkts | 1.10 | 44% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.82% |
ADV of underlying (mns) | $1,578 |
Technical Indicators
Recent close | $21.50 |
30d moving avg. | $24.16 |
Annualized volatility | 21.7% |
Relative strength (RSI) | 44 |
Short interest (ETF) | 2.9% |
Short interest (underlying) | 0.0% |
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. RNWZ |
Expenses vs. RNWZ |
ALTAR Score™ vs. RNWZ |
---|---|---|---|---|
FAN | First Trust Global Wind Energy ETF | 22.7% | -15 bp | -2.5% |
RNRG | Global X Renewable Energy Producers ETF | 22.5% | -9 bp | -2.8% |
FRNW | Fidelity Clean Energy ETF | 21.0% | -36 bp | -5.8% |
ICLN | iShares Global Clean Energy ETF | 19.7% | -34 bp | -2.4% |
VCLN | Virtus Duff & Phelps Clean Energy ETF | 18.0% | -16 bp | -4.5% |
GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 17.8% | -30 bp | -2.6% |
JXI | iShares Global Utilities ETF | 17.6% | -32 bp | -2.0% |
WNDY | Global X Wind Energy ETF | 15.9% | -25 bp | -2.1% |
BLLD | JPMorgan Sustainable Infrastructure ETF | 15.3% | -26 bp | -2.4% |
SMOG | VanEck Low Carbon Energy ETF | 13.7% | -14 bp | -6.0% |
Risk and Returns: RNWZ 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 12/12/2024
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
RNWZ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
RNWZ
8.2%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. RNWZ's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places RNWZ in the 81st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RNWZSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Active Global Equity ETFs |
# of ETFs | 118 |
Avg. Expense Ratio | 73.5 bp |
Std. Deviation | 29.8 bp |
RNWZ (75 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
RNWZ | 75.0 | 81.9 | 156.9 |
Peer Avg. | 74.3 | 39.1 | 113.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .