---
ticker: "PWER"
name: "Nomura Energy Transition ETF"
url: "https://etf.net/etf/PWER"
grade: "F"
score: 19
graded_at: "2026-10-12"
category: "Natural Resources"
category_rank: "13 of 14"
methodology: "https://etf.net/methodology"
---

# PWER: Nomura Energy Transition ETF

Grade **F**, Score 19 of 100. Rank 13 of 14 in Natural Resources.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 1 | 14 of 14 |
| Mission | Not scored | — |
| Risk | 33 | 13 of 14 |
| Tradability | 8 | 14 of 14 |
| Holdings | 67 | 6 of 14 |
| Durability | 33 | 12 of 14 |

## Top holdings

The fund holds 37 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | EOG | Eog Resources Inc Common | 4.10% |
| 2 | TECK-B.TO | Teck Resources Ltd Common | 3.71% |
| 3 | VLO | Valero Energy Corp Common | 3.45% |
| 4 | DINO | Hf Sinclair Corp Common | 3.41% |
| 5 | CEG | Constellation Energy Corp | 3.36% |
| 6 | GNRC | Generac Holdings Inc | 3.36% |
| 7 | AEP | American Electric Power | 3.34% |
| 8 | FSLR | First Solar Inc Common | 3.31% |
| 9 | XEL | Xcel Energy Inc Common | 3.21% |
| 10 | AAL.L | Anglo American PLC Common | 3.17% |
| 11 | AA | Alcoa Corp Common Stock | 3.14% |
| 12 | SHEL | Shell PLC Adr USD | 3.12% |
| 13 | NXT | Nextpower Inc Common | 3.09% |
| 14 | COP | Conocophillips Common | 3.09% |
| 15 | EQT | Eqt Corp Common Stock USD | 3.07% |
| 16 | STLD | Steel Dynamics Inc Common | 3.01% |
| 17 | D | Dominion Energy Inc | 2.98% |
| 18 | WM | Waste Management Inc | 2.98% |
| 19 | NPI.TO | Northland Power Inc | 2.96% |
| 20 | ENEL.MI | Enel Spa Common Stock Eur | 2.91% |
| 21 | GEV | Ge Vernova Inc Common | 2.89% |
| 22 | HBM.TO | Hudbay Minerals Inc | 2.88% |
| 23 | 3750.HK | Contemporary Amperex | 2.86% |
| 24 | BKR | Baker Hughes Co Common | 2.85% |
| 25 | VST | Vistra Corp Common Stock | 2.85% |
| 26 | WPM.TO | Wheaton Precious Metals | 2.79% |
| 27 | VAL.JO | Valterra Platinum Ltd | 2.77% |
| 28 | ORA | Ormat Technologies Inc | 2.71% |
| 29 | EXE | Expand Energy Corp Common | 2.62% |
| 30 | SU.PA | Schneider Electric SE | 2.62% |

Source: etf.net, https://etf.net/etf/PWER. Please cite the page URL.