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 sponsorTrueMark Group
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateDec 08, 2022
Assets (mns)$2
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
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 holdings23
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)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 1.8% 9.8% -- -- -- -- 2.2%
Volatility 15.6% 16.8% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9729%
MSCI EAFE1.2261%
MSCI Emg Mkts1.1044%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
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 volatility21.7%
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)

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Risk and Returns: RNWZ vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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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 --%
1.1 13.4 1.2 4.6% --
Based on closing prices from 12/12/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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.

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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

RNWZ
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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 .