IQ

KWH GMO Power Infrastructure ETF

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$23.47
0.0% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

From its Jul 15, 2026 launch to Nov 4, 2026, KWH lost 6.1%.

What drove KWH’s returns?What can KWH’s first months tell me?What does KWH cost to hold and to trade?
Holds 74 stocks in electrification and the grid, 41% of its weight in S&P 500 companiesGMO ↗Expense ratio 0.60%Fund assets $58m net assets, latest filing (Aug 31, 2026)First traded Jul 15, 2026Benchmark Its own holdings, as of Aug 31, 2026; its prospectus names no index it tracksSEC filings ↗Every GMO fund ETFIQ covers

Promise check: Not measuredETFIQ has not yet listed which companies belong to the electrification and the grid theme.

Compare with…Trading costsPut to the committeeaskIQ about KWHAdd to portfolioOverlapAlerts

KWH risk and return scorecard

vs its own holdings

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

KWH −1.5%: total return over one month to Nov 4, 2026.
KWH−1.5%
KWH −6.7%: total return over three months to Nov 4, 2026.
KWH−6.7%
KWH −6.1%: total return since launch to Nov 4, 2026.
KWH−6.1%
askIQ: what drove KWH’s returns? ↗

What can be shown yet

First traded Jul 15, 2026
41.4%
Already in the S&P 500
Report
96.9%
Active share vs the S&P 500
Report
30.8%
Top ten holdings
Report
−6.1%
Total return, since launch
Report
KWH has traded for 112 days. Numbers that need a year of prices are not shown yet.
Shown now
First tradedJul 15, 2026
Outside the S&P 500, by weight59%
Already in the Nasdaq-100, by weight4.9%
Active share vs the Nasdaq-10099.3%
Not yet
One-year returnfrom Jul 15, 2027
Three-year returnfrom Jul 15, 2029
askIQ: what can KWH’s first months tell me? ↗

More on KWH

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Price since launch, Jul 15, 2026

$23.470.0%1 day, priceClose, Nov 4, 2026

Price only. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

KWH returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−1.5%−1.0%
3M Aug 5 – Nov 4, 2026−6.7%−0.1%
Since launch Jul 15 – Nov 4, 2026−6.1%+1.8%

Total returns, distributions reinvested. Listed Jul 2026: no 6 months, year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

KWH key stats

High since Jul 15, 2026, daily closes to Nov 4, 2026 (ETFIQ)$25.64 on Aug 17, 2026
Low since Jul 15, 2026, daily closes to Nov 4, 2026 (ETFIQ)$22.90 on Oct 23, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$23.47, 21% of the way from the low to the high
Holdings74
Top ten holdings weight30.8%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · KWHas of Nov 4, 2026
·
Not scored0 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

KWH for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
KWH interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

KWH is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

KWH top ten by weight, 30.8% of the fund, of its 74 equity positions, from the holdings filed for Aug 31, 2026. Source: the fund’s SEC filing.

Schneider Electric SE SU EPA 5.14%
Siemens AG not filed 4.68%
Eaton Corp PLC ETN 3.43%
Trane Technologies PLC TT 2.69%
Enel SpA ENEL BIT 2.52%
NextEra Energy Inc NEE 2.52%
Iberdrola SA IBE BME 2.51%
Vestas Wind Systems A/S VWS CPH 2.50%
National Grid PLC not filed 2.44%
Contemporary Amperex Technology Co Ltd 3750 HKG 2.31%
Fund filings on SEC EDGAR ↗See all 74 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT). Data as of Aug 31, 2026. Updated when the fund files its next report.

About KWH

Theme (ETFIQ, editorial)Electrification and the grid
First tradedJul 15, 2026
Already in the S&P 500, by weight (ETFIQ)41.4%
Outside the S&P 500, by weight (ETFIQ)59%
Active share vs the S&P 500 (ETFIQ)96.9%
Already in the Nasdaq-100, by weight (ETFIQ)4.9%
Active share vs the Nasdaq-100 (ETFIQ)99.3%
Top ten holdings weight30.8%
Holdings74
Holdings as of (SEC N-PORT)Aug 31, 2026
Top holdingsSchneider Electric SE 5.1%, Siemens AG 4.7%, Eaton Corp PLC 3.4%, Trane Technologies PLC 2.7%, Enel SpA 2.5%, NextEra Energy Inc 2.5%, Iberdrola SA 2.5%, Vestas Wind Systems A/S 2.5%, National Grid PLC 2.4%, Contemporary Amperex Technology Co Ltd 2.3%
Net assets (SEC filing, whole fund, as filed for Aug 31, 2026)$58mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Aug 31, 2026; its prospectus names no index it tracks
Below its all-time high (ETFIQ)−8.5%
Expense ratio (485BPOS XBRL, Jun 30, 2026)0.60%Report
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)0.62%
Closest funds by holdings overlapPOWR 35%, POW 29%, GII 29%, TSES 28%, GRID 27%
Below its all-time high8.5%, high on Aug 17, 2026
How we measure
The top ten holdings are 31% of the fund across 74 positions, as filed for Aug 31, 2026. Since it first traded on Jul 15, 2026 the fund returned −6.1% with distributions reinvested. It sits 8.5% below its all-time high of Aug 17, 2026.
Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. Method
IQ Investment Committee on KWH

12 seats on KWH, as of Nov 4, 2026: 1 Supports, 4 Challenges, 7 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingNot enough data
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatSupports
Put KWH to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about KWH

How much of KWH is in S&P 500 companies?
By its holdings filed for Aug 31, 2026, 41% of KWH by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different.
What does KWH hold?
74 positions as filed for Aug 31, 2026, with the top ten at 31% of the fund. The largest are Schneider Electric SE at 5.1%, Siemens AG at 4.7%, Eaton Corp PLC at 3.4%.
Has KWH beaten the S&P 500?
Since it first traded on Jul 15, 2026, KWH returned −6.1% with distributions reinvested, against +1.8% for the S&P 500, so it finished behind the index by 7.9 points.
What does KWH cost?
The prospectus expense ratio is 0.60% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.62%.
Sources and dates
Prices, KWH and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 0.60%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $58mSEC filing, whole fund · Aug 31, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Aug 31, 2026 ↗
IssuerGMO website ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, KWH, thematic ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/kwh

The difference bar for KWH, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Active share
How differently the money is placed, counting weights: one minus the sum of the smaller weight of each security across the fund and the index. 100% means nothing in common; 0% means the index itself. Two funds can hold the same names and still have a high active share if they weight them very differently.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at different weights.
Top ten
The weight of the ten largest holdings. Above 50% the fund is a bet on a handful of companies, whatever the theme.
Full definitions: thematic ETFs vocabulary page. →
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KWH: 41% of KWH's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Aug 31, 2026.
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<figcaption style="font:13px/1.5 sans-serif">KWH: 41% of KWH&#x27;s weight is in S&amp;P 500 companies and 59% is outside the index. Holdings as of Aug 31, 2026. Data: <a href="https://etfiq.com/funds/kwh">ETFIQ</a></figcaption>
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