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TCW Transform Systems ETF
PWRD (TCW Transform Systems ETF) is an active US Equity ETF by TCW. With a 0.75% MER, it provides diversified exposure through 10 holdings. Quarterly distribution with a 0.17% yield.
PWRD is actively managed by TCW's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.75% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).