RNWZ
TrueShares Eagle Global Renewable Energy Income ETF
RNWZ seeks long-term capital growth by actively managing a portfolio of renewable energy infrastructure companies from across the globe.
Global
EQUITY
Active
MANAGEMENT STYLE
2.7 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | TrueMark Group |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 08, 2022 |
| Assets (mns) | $3 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| RWE AG | 11.9 % |
| SSE PLC | 8.3 % |
| EDP-ENERGIAS DE PORTUGAL SA | 6.1 % |
| AMERICAN ELECTRIC POWER | 5.4 % |
| P G & E CORP | 5.2 % |
| ACCIONA SA | 5.0 % |
| ENEL SPA | 4.5 % |
| ENDESA SA | 4.4 % |
| NEXTERA ENERGY GROUP | 4.4 % |
| MERIDIAN ENERGY LTD | 4.4 % |
Constituent Breakdown
| Number of holdings | 22 |
| Herfindahl-Hirschman Index | 530 |
| Wgt avg mkt cap (mns) | $39,944 |
| Large cap (>$10bn) | 74.3% |
| Mid cap ($2-10bn) | 17.3% |
| Small cap (<$2bn) | 6.5% |
| Developed mkts. | 98.2% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 34.2 % |
 |
SPAIN | 13.4 % |
 |
GERMANY | 11.9 % |
 |
BRITAIN | 8.3 % |
 |
NEW ZEALAND | 6.5 % |
 |
PORTUGAL | 6.1 % |
 |
ITALY | 4.5 % |
 |
CANADA | 4.0 % |
 |
AUSTRIA | 3.9 % |
 |
FINLAND | 3.4 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 34.0% | 21.0% | 13.6% | -- | -- | -- | -- | 3.9% |
| Dividend Yield | 2.9% | 2.9% | 3.3% | -- | -- | -- | -- | 2.9% |
| Total Returns | 36.8% | 23.9% | 17.0% | -- | -- | -- | -- | 6.8% | Ann. Volatility | 17.2% | 17.0% | 16.8% | -- | -- | -- | -- | 17.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.41 | 22% |
| MSCI EAFE | 0.66 | 42% |
| MSCI Emg Mkts | 0.54 | 31% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.85% |
Technical Indicators
| 30d moving avg. (EMA) | $27.26 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.09/0.16 |
| Bollinger Bands (Upper/Lower) | $28.32/$26.80 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RNWZ |
Expenses vs. RNWZ |
ALTAR Score™ vs. RNWZ |
|---|---|---|---|---|
| JXI | iShares Global Utilities ETF | 27.8% | -32 bp | +5.7% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 22.2% | -16 bp | +3.9% |
| FRNW | Fidelity Clean Energy ETF | 19.5% | -36 bp | +2.3% |
| IGF | iShares Global Infrastructure ETF | 17.9% | -34 bp | +4.6% |
| BLLD | JPMorgan Sustainable Infrastructure ETF | 17.9% | -26 bp | +5.9% |
| GII | SPDR S&P Global Infrastructure ETF | 17.8% | -35 bp | +4.6% |
| FUTY | Fidelity MSCI Utilities Index ETF | 17.7% | -67 bp | +5.3% |
| XLU | The Utilities Select Sector SPDR Fund | 17.4% | -67 bp | +5.1% |
| VPU | Vanguard Utilities ETF | 17.1% | -66 bp | +5.2% |
| SMOG | VanEck Low Carbon Energy ETF | 16.9% | -14 bp | +1.5% |
Risk and Returns: RNWZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/12/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
RNWZ
7.3%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 383 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
3.1%. RNWZ's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places RNWZ in the 85th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RNWZSELL
U/W
HOLD
O/W
BUY
Bid/Ask Spreads
85 bp
AVG SPREAD
21 —
678 bp
RANGE