Business
TCW Transform Systems ETF (PWRD) Crosses $1 Billion in Assets
LOS ANGELES, February 04, 2026--The TCW Group, a leading global investment firm, announced today that TCW Transform Systems ETF (PWRD) has surpassed $1 billion in assets under management (AUM), with 200% asset growth since January 2025, and 32.58% annual return in 2025, making it the top-performing exchange-traded fund in its peer group last year1, according to data from Morningstar.
About this update from Morningstar, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":479,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/ac8db2a2a04b481f9c8686c12b603037"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QQtl25oQvW_rjD4PSckfRQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/ac8db2a2a04b481f9c8686c12b603037","width":479,"height":480}},"lazy":false},{"type":"text","content":"The concentrated, active ETF, which focused on investments in energy and power transformation, saw assets grow three-fold in 2025 and its performance top its industry peer group.","length":178,"tagName":"p","attribs":{}},{"type":"text","content":"LOS ANGELES, February 04, 2026--(BUSINESS WIRE)--The TCW Group, a leading global investment firm, announced today that TCW Transform Systems ETF (PWRD) has surpassed $1 billion in assets under management (AUM), with 200% asset growth since January 2025, and 32.58% annual return in 2025, making it the top-performing exchange-traded fund in its peer group last year1, according to data from Morningstar.","length":403,"tagName":"p"},{"type":"text","content":"PWRD is an actively managed ETF that aims to invest in companies across many sectors that are driving or benefitting from the energy transformation. The rapid change in how energy and power are sourced, produced, transported, and consumed is creating once-in-a-generation investments across sectors including industrials, energy, materials, and technology. The ETF has a five-star medalist rating from Morningstar, as of November 20, 2025.","length":439,"tagName":"p"},{"type":"text","content":""PWRD is designed to provide exposure to leading companies across the most critical themes shaping the energy transformation including accelerating power demand, sustained investment in the electric grid, and efficiency gains across end-use applications such as transportation and buildings," said Eli Horton, Portfolio Manager of PWRD. "Reaching this milestone reflects strong investor conviction in our active, concentrated approach to investing. We believe many portfolios remain structurally underexposed to the scale and durability of the energy transformation, and our strategy is built to allocate capital dynamically as fundamentals evolve ...