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PWER ETF — Nomura Energy Transition ETF
Nomura Energy Transition ETF (PWER)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
PWER's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (74/100, medium confidence). It pays quarterly and its distribution rate is 2.14%. The latest total cash payment per current share, $0.226 with an ex-date of September 21, 2026, was 270.5% higher than the previous $0.061. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Nomura, Section 19a-1 notices, scoring methodology.
PWER is an ETF. Its distribution rate is 2.14%, its trailing-12-month yield is 1.16%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 74/100 (Generally safe). Total return is 72.3% over the past 2.9 years, 5.1 points ahead of SPY at 67.2%.
Nomura Energy Transition ETF is an equity fund that invests at least 80% of its assets in a diversified portfolio of securities across the energy, materials, industrial, renewable energy, and utilities sectors, targeting companies that meet specified investment criteria related to energy transition. The fund carries a modest distribution rate and pays distributions quarterly, with an expense ratio of 0.79%.
PWER dividend yield and income
Price as of 2026-11-06.
The distribution rate (2.14%) has no calculation basis on file. Trailing-12-month yield (1.16%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.226. The ex-dividend date is 09/21/2026. The payment date is 09/25/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-21 | $0.226 | 270.5% Total cash (unclassified) |
| 2026-06-22 | $0.061 | -70.1% Total cash (unclassified) |
| 2025-12-24 | $0.204 | 195.7% Total cash (unclassified) |
| 2025-09-23 | $0.069 | -66.8% Total cash (unclassified) |
| 2025-06-24 | $0.208 | 70.5% Total cash (unclassified) |
| 2024-12-23 | $0.122 | 71.8% Total cash (unclassified) |
| 2024-09-23 | $0.071 | 24.6% Total cash (unclassified) |
| 2024-06-24 | $0.057 | 119.2% Total cash (unclassified) |
| 2024-03-18 | $0.026 | 62.5% Total cash (unclassified) |
| 2023-12-21 | $0.016 | — |
| 2023 total (partial launch year) | $0.016 | — |
| 2024 total | $0.276 | — |
| 2025 total | $0.481 | 74.3% |
| 2026 YTD total | $0.287 | 3.6% vs prior-year YTD |
PWER dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +23.1%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +23.1% |
PWER holdings and sector exposure
The top 10 holdings are 38.2% of the fund.
| Ticker | Name | Weight |
|---|---|---|
| EOG | EOG Resources Inc | 4.61% |
| XEL | Xcel Energy Inc | 4.28% |
| CEG | Constellation Energy Corp | 4.13% |
| LNT | Alliant Energy Corp | 3.98% |
| COP | ConocoPhillips | 3.65% |
| AEP | American Electric Power Co Inc | 3.54% |
| L3H | SHELL PLC WI ADR/2 | 3.53% |
| PWR | Quanta Services Inc | 3.53% |
| D | Dominion Energy Inc | 3.48% |
| DINO | HF Sinclair Corp | 3.48% |
To see how this fund's sectors add up across your own holdings, use True Exposure.
PWER performance versus SPY
Total return is 72.3% over the past 2.9 years, 5.1 points ahead of SPY at 67.2%. Over the past year its total return — price change plus distributions reinvested — is 28.4%. Its deepest 1-year drawdown was 13.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -5.5% | — |
| 3M | -2.7% | — |
| 6M | -2.9% | — |
| YTD | 20.3% | — |
| 1Y | 28.4% | — |
| 2Y CAGR | — | 21.90% |
| Since 2023-11-29 (first price on file) · 2.9 years | 72.3% | 20.40% |
PWER key facts
- Distribution Safety Score™
- 74 · Generally safe
- Safety-Adjusted Yield
- 1.58%
- Issuer
- Nomura
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 11/28/2023
- Expense ratio
- 0.79%
- Distribution rate
- 2.14%
- Distribution frequency
- Quarterly
- Trailing yield
- 1.16%
- Last close
- $42.16 (as of 2026-11-06)
- AUM
- $12,122,859
- Average volume
- 1,096
- Dividend
- $0.226
- Ex-dividend date
- 09/21/2026
- Payment date
- 09/25/2026
- Beta
- 1.0111
How Dividend Vision calculates yield and returns
Distribution rate (2.14%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.16%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Nomura; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
PWER risks and drawbacks
PWER's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 13.7%.
Who may consider PWER — and who may not
PWER may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (PWER pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.
More on PWER
Compare PWER
PWER vs similar funds:
Frequently asked questions
Does PWER pay monthly?
No. PWER currently pays quarterly, not monthly.
What is PWER's expense ratio?
PWER's expense ratio is 0.79%.
What is PWER's dividend yield?
PWER's distribution rate is 2.14%, paid quarterly, with a 0.79% expense ratio — no calculation basis on file.
How has PWER's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +23.1%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does PWER pay a dividend?
PWER pays quarterly. The dividend amount is $0.226. The ex-dividend date is 09/21/2026. The payment date is 09/25/2026.
How has PWER performed?
Total return is 72.3% over the past 2.9 years, 5.1 points ahead of SPY at 67.2%. Over the past year its total return — price change plus distributions reinvested — is 28.4%. Its deepest 1-year drawdown was 13.7%.
Is PWER a good investment?
PWER's Dividend Vision Distribution Safety Score is 74 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 2.14% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Nomura.
Tickers
PWER's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (74/100, medium confidence). It pays quarterly and its distribution rate is 2.14%. The latest total cash payment per current share, $0.226 with an ex-date of September 21, 2026, was 270.5% higher than the previous $0.061. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Nomura, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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