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PWRZ

GradeDChicago Board Options Exchange

TrueShares Eagle Global Next Gen Power Infrastructure ETF

Themes · TrueShares · Inception 2022-12-08

$29.49−0.57 (−1.90%)

As of Sep 23, 2026, 1:43 PM EDT

History starts Jun 11, 2026.History starts Jun 11, 2026.History starts Jun 11, 2026.
Intraday session: down, 2 prints from 30.06 to 29.49. Range 29.49 to 30.06. Use the arrow keys to read each point.$29.60$29.80$30.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$6M
1Y return
—
Yield · Last 12 months
1.88%
Holdings
24
Volume · 30D
0M sh
NAV per share
$29.84
52W range
low $24.95high $33.54

The ETF.net PWRZ Grade

D

32/ 100

Rank 27 of 34 in Infrastructure⁠

Confidence Medium

Six-pillar profile for PWRZ. Scores out of 100: Cost 24, Risk 52, Mission not scored, Tradability 28, Holdings not scored, Durability 38. Strongest: Risk (52). Weakest: Cost (24). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 32 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 24
    Category rank26/34 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 52
    Category rank16/34 · top 47%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 28
    Category rank25/34 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 38
    Category rank24/34 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on PWRZ

ETF.net Research

DLaunched in 2022 as a renewable energy income fund, renamed in 2026 to next gen power infrastructure. Same active, global, concentrated approach to the companies that make and move electricity.

Stated mandate

The Fund seeks long-term growth of capital and, under normal conditions, commits at least 80% of its assets to Power Infrastructure Companies.

Why people hold it

  1. 01Wide mandate: at least 80% of assets in power infrastructure companies, anywhere in the world, chosen by a manager rather than pulled from a fixed index.true-shares.com
  2. 02The 2026 rename from renewable energy income stretched the lane past clean power alone into power infrastructure broadly.sec.gov
  3. 03Distributions land on a quarterly schedule, and income was in the original blueprint rather than bolted on later.sec.gov

Worth knowing

  1. 01At 0.75% it runs above the 0.59% category median, and index rivals IFRA (0.30%) and IGF (0.37%) undercut it by a wide margin.
  2. 02A small fund that trades thinly, so spreads can run wider than in the category's household names.
  3. 03The strategy was redefined in 2026, so much of the record behind it was built under the old renewables only mandate.sec.gov

PWRZ Holdings

As of Sep 20, 2026, 6:45 AM
Asset class
Stocks
Holdings
24
Top-10 weight
64%
Largest holding
RWE AG9.7%

Geography

  • United States85.79%
  • Canada14.21%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—RWE AG9.74%7,888$548K5
002AEPAmerican Electric Power Co Inc9.61%4,504$540K337
003—Enel SpA7.31%40,377$411K4
004HASIHA Sustainable Infrastructure6.55%10,029$368K124
005NEENextEra Energy Inc6.49%4,539$365K407
006ELEEndesa SA5.64%6,479$317K23
007CWENClearway Energy Inc5.50%10,028$309K147
008—Fortum Oyj4.47%8,913$251K1
009—Orsted AS4.26%11,397$239K1
010SSESSE PLC4.12%7,106$231K10
011—Drax Group PLC3.64%18,582$205K1
012VERVerbund AG3.59%2,833$202K11
013—Northland Power Inc3.32%11,892$187K2
014—EDP RENEWABLES SA3.14%12,106$177K3
015PCGPG&E Corp3.07%13,095$173K269

Showing 1–15 of 24 holdings

PWRZ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PWRZ$9,646
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. PWRZ $9,646. SPY $10,415. Use the arrow keys to read each point.$9,374$9,952$10,530Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PWRZ. Periods over one year show the average yearly return.
PeriodPWRZ
Year to dateHistory unavailable—
1 month−1.7%
3 months−3.5%
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PWRZ
YearReturn barPWRZ
2026 YTD−4.6%

History from Jun 11, 2026

PWRZ in the news

ETF.net Research hasn’t filed on PWRZ yet — coverage lands here as it’s written.

PWRZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.88%Last 12 months
Payout per share
$0.57Last 12 months
Last payment
$0.18 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 15 payments from 2022 to 2026 YTD. Dec 29, 2022 $0.002; Mar 29, 2023 $0.14; Jun 28, 2023 $0.12; Sep 27, 2023 $0.27; Dec 27, 2023 $0.36; Mar 27, 2024 $0.10; Jun 27, 2024 $0.11; Sep 27, 2024 $0.23; Dec 27, 2024 $0.06; Mar 27, 2025 $0.08; Jun 26, 2025 $0.23; Sep 25, 2025 $0.21; Dec 24, 2025 $0.08; Mar 30, 2026 $0.11; Jun 29, 2026 $0.18. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.18
Mar 30, 2026Mar 31, 2026$0.11
Dec 24, 2025Dec 26, 2025$0.08
Sep 25, 2025Sep 26, 2025$0.21
Jun 26, 2025Jun 27, 2025$0.23
Mar 27, 2025Mar 28, 2025$0.08
Dec 27, 2024Dec 30, 2024$0.06
Sep 27, 2024Sep 30, 2024$0.23
Jun 27, 2024Jun 28, 2024$0.11
Mar 27, 2024Apr 1, 2024$0.10
Dec 27, 2023Dec 29, 2023$0.36
Sep 27, 2023Sep 29, 2023$0.27

PWRZ Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
No data available
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.70
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PWRZ Cost

Expense ratio0.75%
  • The middle half of Infrastructure funds
  • Median 0.55%

24 of the 33 Infrastructure funds charge less.

PWRZ costs $75.00 a year on $10,000. The median Infrastructure fund costs $55.00.