TCW Transform Systems ETF Q3 2025 Commentary Nov. 24, 2025 3: 15 AM ETTCW Transform Systems ETF (PWRD)PWRD The TCW Group 36 Follower s Comments Summary We are in the early stages of a profound shift in how the world’s energy and power are sourced, produced, transmitted, and consumed. This large-scale systems change is creating generational investment opportunities in the public markets, particularly in “brown,” old-economy businesses. Net of fees, PWRD returned 8. 48% in Q3 2025 compared to 8. 12% for the S&P 500. The Fed delivered a 25-basis point rate cut and signaled potential for two more cuts by year-end, sending major indices to new all-time highs. Our focus remains on companies with durable business models, recurring free cash flow, and disciplined capital allocation, benefiting from secular themes. Investment Thesis We are in the early stages of a profound shift in how the world’s energy and power are sourced, produced, transmitted, and consumed. Consumers and policy are shifting the global economy towards more efficient systems. This large-scale This article was written by 36 Follower s TCW is a leading global asset management firm with more than five decades of investment experience and a broad range of products across fixed income, equities, emerging markets, and alternative investments. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. For inquiries or communication, please use TCW’s official channels. Comments Recommended For You.
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TCW Transform Systems ETF Q3 2025 Commentary
