Engine No. 1 Transform Climate ETF
NETZ
New York Stock Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Engine No. 1 Transform Climate ETF (NETZ), now known as TCW Transform Systems ETF (PWRD), is an actively managed exchange-traded fund that invests in U.S. equities positioned to drive and benefit from the global energy transition and decarbonization efforts. The fund targets companies across high-emission industries such as transportation, energy, agriculture, and materials that demonstrate strategies to create value on their path to net zero emissions; its portfolio typically includes 25-33 high-conviction holdings like General Motors, John Deere, Occidental Petroleum, and Republic Services, selected through proprietary research emphasizing financial, operational, and environmental, social, and governance metrics. NETZ employs active management, including potential shareholder engagement and proxy voting, to promote climate-aligned transformations without relying on third-party ESG ratings or exclusions. Launched on February 2, 2022, by San Francisco-based investment firm Engine No. 1, the ETF managed approximately $95 million in assets as of recent data and trades on U.S. exchanges. In July 2023, TCW Group announced the acquisition of Engine No. 1's entire Transform ETF platform, including NETZ, Transform Supply Chain ETF (SUPP), and Transform 500 ETF (VOTE), which collectively oversaw more than $600 million in U.S. equity assets focused on energy transition, supply chain onshoring, and large/mid-cap strategies; the transaction closed in October 2023, integrating Engine No. 1's ETF team and infrastructure into TCW to expand its thematic ETF offerings. Effective February 3, 2025, the fund's ticker changed from NETZ to PWRD, with no alterations to strike prices or other option terms, reflecting ongoing rebranding under TCW management. The ETF serves institutional and retail investors seeking exposure to sustainable transformation grounded in economic realities, with a focus on legacy companies leveraging substantial balance sheets and supply chains for decarbonization rather than early-stage clean tech. Geographically, it concentrates on U.S.-listed large- and mid-cap equities, aligning with broader asset allocation strategies in the sustainable investing segment. TCW, headquartered in Los Angeles, continues to oversee the fund as part of its growing ETF platform, which complements strategies in artificial intelligence, mobility, and renewable infrastructure.