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 10/18/2019||$3.03m|
Data as of 10/18/2019
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 09/30/2019|
|1 Month||3 Months||6 Months||1 Year||Incept. to 9-30-19|
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. 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. For the Fund's move recent month-end performance, please call 1 (214) 615-3828. Returns less than one year are not annualized. Market returns are determined using the New York Stock Exchange official close price, when the NAV is typically calculated, and do not represent the returns you would receive if you traded shares at other times. From 2/27/18 to 8/13/19, the Fund had a different name, ticker
(BOON), objective, strategy, and tracking index. Performance is shown since the conversion date.
|Top 10 Holdings||Ticker||Weight||Shares Held||Market Value|
|SOLAREDGE TECHNOLOGIES INC||SEDG||3.09%||1,098||93,516.66|
|TERRAFORM PWR INC||TERP||2.46%||4,368||74,496.24|
|ORMAT TECHNOLOGIES INC||ORA||2.42%||966||73,097.22|
|PATTERN ENERGY GROUP INC||PEGI||2.34%||2,652||70,728.84|
|BORALEX INC||BLX CN||2.30%||4,110||69,499.64|
|INNERGEX RENEWABLE ENERGY||INE CN||2.26%||5,652||68,353.77|
|NEXTERA ENERGY INC||NEE||2.26%||294||68,349.12|
|ALGONQUIN POWER & UTILITIES||AQN CN||2.23%||4,932||67,426.24|