{
 "ticker": "PWER",
 "name": "Nomura Energy Transition ETF",
 "issuer": "Nomura",
 "desk": "themes",
 "url": "https://etfiq.com/funds/PWER",
 "html": "https://etfiq.com/funds/PWER",
 "markdown": "https://etfiq.com/funds/PWER.md",
 "as_of": "2026-09-11",
 "verdict": "PWER holds 31 stocks, and 57% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "43.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PWER, already in the S&P 500: 43.2%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PWER, active share vs the S&P 500: 98.6%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "48.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PWER, top ten holdings: 48.5%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+47.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PWER, total return, 1 year: +47.6%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "PWER, net assets: $11m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.79%",
   "source": "485BPOS XBRL, Jul 29, 2026",
   "as_of": "2026-09-11",
   "sentence": "PWER, expense ratio: 0.79% (485BPOS XBRL, Jul 29, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Energy transition and decarbonisation",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Nov 29, 2023",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "43.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.6%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "3.6%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "99.3%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "48.5%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "31",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Steel Dynamics, Inc. 6.6%, Hudbay Minerals, Inc. 5.8%, ERO Copper Corp. 5.1%, Valero Energy Corp. 5.0%, First Solar, Inc. 4.7%, Generac Holdings, Inc. 4.6%, Arcosa, Inc. 4.6%, Alcoa Corp. 4.1%, HF Sinclair Corp. 4.1%, ConocoPhillips 3.9%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22121.8%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.79%",
   "source": "485BPOS XBRL, Jul 29, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.80%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "METL 18%, TSES 17%, POWR 16%, EMET 14%, DRES 14%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+5.8%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "+2.5 pts",
   "Gap to Nasdaq-100": "+6.6 pts"
  },
  {
   "window": "6 months",
   "Total return": "+18.6%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "+2.6 pts",
   "Gap to Nasdaq-100": "\u22122.1 pts"
  },
  {
   "window": "1 year",
   "Total return": "+47.6%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+30.1 pts",
   "Gap to Nasdaq-100": "+24.6 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+89.2%",
   "S&P 500": "+73.9%",
   "Gap to S&P 500": "+15.3 pts",
   "Gap to Nasdaq-100": "+2.9 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of PWER is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 43% of PWER by weight is stocks the S&P 500 already holds. Its active share against the index is 99%, so that share is the part doing something different."
  },
  {
   "q": "What does PWER hold?",
   "a": "31 positions as filed for Jun 30, 2026, with the top ten at 48% of the fund. The largest are Steel Dynamics, Inc. at 6.6%, Hudbay Minerals, Inc. at 5.8%, ERO Copper Corp. at 5.1%."
  },
  {
   "q": "Has PWER beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 PWER returned +47.6% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 30.1 points."
  },
  {
   "q": "What does PWER cost?",
   "a": "The prospectus expense ratio is 0.79% a year. Because 99% of the fund differs from the S&P 500, the fee on that differing part works out at 0.80%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}