ETF Evaluator:
Nomura Energy Transition ETF (PWER)
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(as of Jul 30)
Best Performing in Equity Energy Over the Last Year
| 93.0% | Stt Strt® SPDR® S&P KenshoClnPwrETF (CNRG) |
| 79.5% | Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES) |
| 73.1% | BP p.l.c. ADRhedged (BPH) |
| 67.0% | Invesco Oil & Gas Services ETF (PXJ) |
| 64.4% | VanEck Oil Services ETF (OIH) |
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ETF Details
Nomura Energy Transition ETF Overview
Nomura Energy Transition ETF (PWER) is an actively managed Sector Equity Equity Energy exchange-traded fund (ETF). Nomura launched the ETF in 2023.
The investment seeks to provide long-term growth of capital.
The ETF seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in a diversified portfolio of securities in the energy, materials, industrial, renewable energy, and utilities sectors that meet the fund’s investment criteria.
About Nomura Energy Transition ETF (PWER)
There are 3 members of the management team with an average tenure of 1.98 years: Barry Klein (2025), Geoffrey King (2023) and Samuel Halpert (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and S&P 1500 Energy TR index with a weighting of 100%. Nomura Energy Transition ETF has 35 securities in its portfolio. The top 10 holdings constitute 47.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
Nomura Energy Transition ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Nomura Energy Transition ETF has 32.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 64.6% There is 32.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Nomura Energy Transition ETF has 2.6% of the portfolio in cash.
Assets Under Management
The fund has $11 million in total assets, which is below the $1 billion average for the Equity Energy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PWER Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nomura Energy Transition ETF expense ratio is high compared to funds in the Equity Energy category. Nomura Energy Transition ETF has an expense ratio of 0.80%, which is 44% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Nomura Energy Transition ETF has a portfolio turnover rate of 31%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 23% for the Equity Energy category.
Recently, in the month of June 2026, Nomura Energy Transition ETF returned -9.1%, which earned it a grade of F, as the Equity Energy category had an average return of -4.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Nomura Energy Transition ETF has a trailing yield of 0.82%, which is below the 2.42% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Nomura Energy Transition ETF Grades
Year to date, the ETF has returned 17.2%, 3.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 43.7% over the past year (grade of B).
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PWER Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PWER Return (NAV) | -9.1% | 1.4% | 43.7% | na | na | na |
| PWER Return (Price) | -9.0% | 4.2% | 44.4% | na | na | na |
| NAV +/- Price Return | -0.048% | -2.847% | -0.691% | na | na | na |
| Equity Energy Avg | -4.9% | -6.0% | 37.1% | 13.0% | 13.7% | 5.1% |
| PWER Grade (NAV) | F | A | B | na | na | na |
| +/- Category (NAV) | -4.2% | 7.4% | 6.6% | na | na | na |
| PWER Tax-Cost Ratio | na | na | 0.4% | na | na | na |
PWER Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PWER Return (NAV) | 17.2% | 35.1% | -3.6% | na | na | na | na | na | na | na | na |
| PWER Return (Price) | 16.9% | 35.5% | -3.7% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.017% | 0.013% | 0.033% | na | na | na | na | na | na | na | na |
| Equity Energy Avg | 20.5% | 10.9% | 2.3% | 3.7% | 41.6% | 42.0% | -22.2% | 6.8% | -24.5% | -4.1% | 26.3% |
| PWER Grade (NAV) | D | A | D | na | na | na | na | na | na | na | na |
| +/- Category | -3.3% | 24.2% | -5.9% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.8% |
| Total Assets: | $ 11 Mil |
| Share Class Assets: | $ 11 Mil |
| Turnover: | 31.0% |
| Expense Ratio: | 0.80% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.6 years | |||
| Average Tenure: 2.0 years | |||
| Managers (Year): King Geoffrey (2023), Halpert Samuel (2023), Klein Barry (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 35 |
| % in Top 10 Holdings: | 47.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 32.9% |
Portfolio Allocation |
|
| Domestic Stock: | 64.6% |
| Foreign Stock: | 32.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Nomura |
| Phone Number: | 844-469-9911 |
| Website: | global.nomuraassetmanagement.com/investments/etf |
| Inception Date: | November 28, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.80% (Rating: High) |
| Category Average Expense Ratio (%): | 0.55% |
