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|
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|
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|
|SOLAREDGE TECHNOLOGIES INC||SEDG||3.09%||1,098||88,828.20|
|TERRAFORM PWR INC||TERP||2.54%||4,368||72,901.92|
|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|
|BROOKFIELD ASSET MGMT CLASS A||BAM/A CN||2.22%||1,260||63,770.23|
|INNERGEX RENEWABLE ENERGY||INE CN||2.21%||5,652||63,615.03|