NETZ
TCW Transform Systems ETF
NETZ is actively managed and seeks to invest in companies that will drive and benefit from the development of sustainable business practices and climate-friendly business models.
US
EQUITY
Active
MANAGEMENT STYLE
244.8 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Engine No. 1 LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 02, 2022 |
| Assets (mns) | $245 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| REPUBLIC SERVICES INC | 9.6 % |
| GENERAL ELECTRIC COMPANY | 9.3 % |
| MICROSOFT CORP | 7.4 % |
| SAFRAN SA | 7.4 % |
| EADS NV | 6.9 % |
| DIAMONDBACK ENERGY INC | 6.2 % |
| VERTIV HOLDINGS CO. CLASS A | 6.1 % |
| EXXON MOBIL CORP | 6.1 % |
| UNION PACIFIC CORP | 5.7 % |
| CANADIAN PACIFIC KANSAS CITY LTD | 4.1 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 569 |
| Wgt avg mkt cap (mns) | $343,393 |
| Large cap (>$10bn) | 92.1% |
| Mid cap ($2-10bn) | 1.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 67.4 % |
 |
FRANCE | 8.5 % |
 |
NETHERLANDS | 6.9 % |
 |
CANADA | 4.1 % |
 |
IRELAND | 2.6 % |
 |
BRITAIN | 1.4 % |
 |
SWEDEN | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 29.1% | 45.4% | 21.6% | -- | -- | -- | 16.2% | Volatility | 15.5% | 14.9% | 15.6% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.10 | 79% |
| MSCI EAFE | 0.93 | 58% |
| MSCI Emg Mkts | 0.60 | 25% |
Liquidity Measures
| Avg. volume (000) | 67 |
| Turnover | 2.1% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $23,056 |
Technical Indicators
| Recent close | $77.96 |
| 30d moving avg. | $74.31 |
| Annualized volatility | 22.0% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NETZ |
Expenses vs. NETZ |
ALTAR Score™ vs. NETZ |
|---|---|---|---|---|
| XLI | Industrial Select Sector SPDR Fund | 16.5% | -66 bp | +0.6% |
| SAMT | Strategas Macro Thematic Opportunities ETF | 15.0% | -10 bp | +0.5% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 15.0% | 0 bp | -0.2% |
| TEKX | SPDR Galaxy Transformative Tech Accelerators ETF | 14.8% | -10 bp | -1.9% |
| FFLC | Fidelity Fundamental Large Cap Core ETF | 14.3% | -37 bp | +1.2% |
| VIS | Vanguard Industrials ETF | 14.1% | -65 bp | +0.6% |
| FMIL | Fidelity New Millennium ETF | 14.1% | -16 bp | +1.3% |
| FIDU | Fidelity MSCI Industrial Index ETF | 13.8% | -67 bp | +0.9% |
| EVX | VanEck Environmental Services ETF | 13.3% | -20 bp | -0.2% |
| VSMV | VictoryShares US Multi-Factor Minimum Volatility ETF | 13.2% | -40 bp | +2.7% |
Risk and Returns: NETZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 11/22/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
NETZ
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
NETZ
3.5%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. NETZ's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places NETZ in the 22nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NETZSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| NETZ (75 bp) Percentile rank | 61 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NETZ | 75.0 | 6.8 | 81.8 |
| Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .