TCW Transform Systems ETF (PWRD)

The TCW Transform Systems ETF is an actively managed thematic equity fund from TCW Group, the Los Angeles-based investment management firm.

The fund invests in companies the managers believe are involved in transforming large-scale systems such as power generation and distribution, electrical infrastructure, industrial automation and the computing systems that support artificial intelligence. The portfolio is built through fundamental, bottom-up research and can include companies across industrials, utilities and technology.

Listed on the Nasdaq under the ticker PWRD, it is part of TCW's series of actively managed thematic ETFs.