RNWZ
TrueShares Eagle Global Renewable Energy Income ETF
RNWZ seeks long-term capital growth by actively managing a portfolio of renewable energy infrastructure companies from across the globe.
Global
EQUITY
Active
MANAGEMENT STYLE
2.5 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | TrueMark Group |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 08, 2022 |
| Assets (mns) | $2 |
| 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 | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| RWE AG | 12.4 % |
| DONG ENERGY A/S | 9.2 % |
| SSE PLC | 8.0 % |
| AMERICAN ELECTRIC POWER | 5.8 % |
| EDP-ENERGIAS DE PORTUGAL SA | 4.8 % |
| P G & E CORP | 4.8 % |
| MERIDIAN ENERGY LTD | 4.5 % |
| VERBUND AG | 4.3 % |
| ALLETE INC | 4.2 % |
| HANNON ARMSTRONG SUSTAINABLE | 4.1 % |
Constituent Breakdown
| Number of holdings | 23 |
| Herfindahl-Hirschman Index | 567 |
| Wgt avg mkt cap (mns) | $24,377 |
| Large cap (>$10bn) | 63.5% |
| Mid cap ($2-10bn) | 34.9% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 29.1 % |
 |
GERMANY | 14.2 % |
 |
SPAIN | 9.5 % |
 |
DENMARK | 9.2 % |
 |
BRITAIN | 8.0 % |
 |
CANADA | 7.1 % |
 |
NEW ZEALAND | 6.9 % |
 |
PORTUGAL | 4.8 % |
 |
AUSTRIA | 4.3 % |
 |
FINLAND | 3.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.2% | 21.4% | -- | -- | -- | -- | 3.1% | Volatility | 15.6% | 16.8% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 33% |
| MSCI EAFE | 1.22 | 61% |
| MSCI Emg Mkts | 1.12 | 44% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.82% |
| ADV of underlying (mns) | $2,027 |
Technical Indicators
| Recent close | $22.42 |
| 30d moving avg. | $24.16 |
| Annualized volatility | 22.2% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 4.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RNWZ |
Expenses vs. RNWZ |
ALTAR Score™ vs. RNWZ |
|---|---|---|---|---|
| FAN | First Trust Global Wind Energy ETF | 23.1% | -15 bp | -2.4% |
| RNRG | Global X Renewable Energy Producers ETF | 22.5% | -9 bp | -2.4% |
| FRNW | Fidelity Clean Energy ETF | 21.0% | -36 bp | -5.3% |
| ICLN | iShares Global Clean Energy ETF | 19.9% | -34 bp | -1.9% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 18.0% | -16 bp | -4.1% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 17.7% | -30 bp | -2.2% |
| JXI | iShares Global Utilities ETF | 17.7% | -32 bp | -2.0% |
| WNDY | Global X Wind Energy ETF | 16.4% | -25 bp | -1.8% |
| BLLD | JPMorgan Sustainable Infrastructure ETF | 15.2% | -26 bp | -2.2% |
| SMOG | VanEck Low Carbon Energy ETF | 13.8% | -14 bp | -5.6% |
Risk and Returns: RNWZ 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 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
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
RNWZ
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
RNWZ
7.9%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. RNWZ's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places RNWZ in the 79th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RNWZSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| RNWZ (75 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RNWZ | 75.0 | 81.9 | 156.9 |
| Peer Avg. | 74.7 | 39.0 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .