Pickens Morningstar® Renewable Energy™ Response ETF [Ticker: RENW]

Why invest in RENW?

  • RENW invests in both the producers and consumers of renewable energy, with the aim of achieving higher risk-adjusted returns1 across a more diversified base of companies than other renewable energy funds.
  • RENW seeks to mitigate the downside and capture the upside of renewable energy cycles by investing in producers and consumers of renewable energy, in contrast to more narrowly focused renewable energy funds.
  • The share of renewables in meeting global energy demand is expected to grow by one-fifth in the next five years to reach 12.4% in 2023. RENW aims to offer long-term exposure to the growing future of energy.2
Fund Data & Pricing  
Net Assets as of 08/23/2019 $2.88m
NAV $19.17
Shares Outstanding 150,000
Premium/Discount Percentage -0.07%
Closing Price $19.15

Data as of 08/23/2019

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.

Premium/discount reflects the relationship between an ETF’s market price and its net asset value (NAV). Because ETFs are traded on an exchange, their market prices are in part driven by supply-and-demand dynamics. The ETF’s market price may be above its NAV (reflecting a premium) or below its NAV (reflecting a discount). Premiums or discounts are the percentage differences between the NAV and the market price of the fund on a given day, generally at the time the NAV is calculated. A premium is the amount that the fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the fund is trading below the reported NAV, expressed as a percentage of the NAV. A discount or premium could be significant. Past performance does not guarantee future results.

Performance as of 06/30/2019
  1 Month 3 Months 6 Months 1 Year Incept. to 6-30-19
Market Price 10.73 -0.89 15.93 -14.84 -6.60
Fund NAV 10.84 -0.91 15.48 -14.74 -6.66
Index 10.98 -0.68 16.03 -14.13 -6.02

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. NAV prices are used to calculate market price performance prior to the date when the Fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund’s most recent month end performance, please call 1(214) 615-3828. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

Top 10 Holdings Ticker Weight Shares Held Market Value
TERRAFORM PWR INC TERP 2.54% 4,368 72,901.92
EDISON INTL EIX 2.53% 1,008 72,686.88
ORMAT TECHNOLOGIES INC ORA 2.39% 966 68,701.92
PATTERN ENERGY GROUP INC PEGI 2.38% 2,652 68,315.52
NEXTERA ENERGY INC NEE 2.27% 294 65,238.60
BORALEX INC BLX CN 2.25% 4,110 64,596.10
EVERGY INC EVRG 2.23% 996 64,232.04
Data as of 08/26/2019. Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.