# PWER (Nomura Energy Transition ETF)

Nomura · Thematic ETFs · data as of Sep 11, 2026

PWER holds 31 stocks, and 57% of its weight is outside the S&P 500.

## Key facts

- PWER, already in the S&P 500: 43.2%, as of Sep 11, 2026.
- PWER, active share vs the S&P 500: 98.6%, as of Sep 11, 2026.
- PWER, top ten holdings: 48.5%, as of Sep 11, 2026.
- PWER, total return, 1 year: +47.6%, as of Sep 11, 2026.
- PWER, net assets: $11m (SEC filing, whole fund, as filed for Jun 30, 2026).
- PWER, expense ratio: 0.79% (485BPOS XBRL, Jul 29, 2026).

## PWER over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +5.8% | +3.3% | +2.5 pts | +6.6 pts |
| 6 months | +18.6% | +16.0% | +2.6 pts | −2.1 pts |
| 1 year | +47.6% | +17.5% | +30.1 pts | +24.6 pts |
| Since launch | +89.2% | +73.9% | +15.3 pts | +2.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Energy transition and decarbonisation | ETFIQ, editorial |
| Launched | Nov 29, 2023 | ETFIQ |
| Already in the S&P 500, by weight | 43.2% | ETFIQ |
| Active share vs the S&P 500 | 98.6% | ETFIQ |
| Already in the Nasdaq-100, by weight | 3.6% | ETFIQ |
| Active share vs the Nasdaq-100 | 99.3% | ETFIQ |
| Top ten holdings weight | 48.5% | ETFIQ |
| Holdings | 31 | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Top holdings | 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% | ETFIQ |
| Net assets | $11m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Below its all-time high | −1.8% | ETFIQ |
| Expense ratio | 0.79% | 485BPOS XBRL, Jul 29, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.80% | ETFIQ |
| Closest funds by holdings overlap | METL 18%, TSES 17%, POWR 16%, EMET 14%, DRES 14% | ETFIQ |

## Questions

### How much of PWER is in S&P 500 companies?

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.

### What does PWER hold?

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%.

### Has PWER beaten the S&P 500?

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.

### What does PWER cost?

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%.


## Cite this page

ETFIQ, PWER, data as of Sep 11, 2026. https://etfiq.com/funds/PWER
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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