TRFM
AAM Transformers ETF
TRFM tracks a modified equal-weighted index of US-listed companies that have the potential to transform consumer behavior and technological innovation. Companies are screened for their spending on research and development (R&D).
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 221.6 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Inception date | Jul 12, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SANDISK CORP | 1.6 % |
| ADVANCED MICRO DEVICES | 1.5 % |
| MICRON TECHNOLOGY INC | 1.4 % |
| DELL TECHNOLOGIES INC CLASS C | 1.4 % |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 1.2 % |
| MARVELL TECHNOLOGY, INC. | 1.1 % |
| WESTERN DIGITAL CORP | 1.1 % |
| BLOOM ENERGY CORPORATION CLASS A | 1.0 % |
| ROCKET LAB CORP | 1.0 % |
| CIENA CORP | 1.0 % |
Constituent Breakdown
| Number of holdings | 245 |
| Herfindahl-Hirschman Index | 50 |
| Wgt avg mkt cap (mns) | $223,828 |
| Large cap (>$10bn) | 68.1% |
| Mid cap ($2-10bn) | 20.4% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 87.3% |
| Emerging mkts. | 6.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 76.5 % |
 |
CHINA | 2.8 % |
 |
NETHERLANDS | 2.1 % |
 |
BRITAIN | 1.6 % |
 |
IRELAND | 1.6 % |
 |
JAPAN | 1.2 % |
 |
CANADA | 1.1 % |
 |
ISRAEL | 1.1 % |
 |
FRANCE | 1.0 % |
 |
TAIWAN | 0.9 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 27.6% | 53.3% | 35.7% | 31.7% | -- | -- | -- | 27.5% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 27.6% | 53.3% | 35.7% | 31.7% | -- | -- | -- | 27.5% | Ann. Volatility | 25.7% | 22.4% | 26.5% | 24.6% | -- | -- | -- | 26.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.65 | 76% |
| MSCI EAFE | 1.04 | 49% |
| MSCI Emg Mkts | 0.90 | 64% |
Liquidity Measures
| Avg. volume (000) | 34 |
| ADV traded (mns) | $2 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| 30d moving avg. (EMA) | $56.27 |
| Relative strength (RSI) | 66 |
| MACD/Signal | 1.79/1.61 |
| Bollinger Bands (Upper/Lower) | $60.85/$54.17 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TRFM |
Expenses vs. TRFM |
ALTAR Score™ vs. TRFM |
|---|---|---|---|---|
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 33.4% | +10 bp | +1.1% |
| ALTL | Pacer Lunt Large Cap Alternator ETF | 32.4% | +11 bp | +3.3% |
| PSAI | Pacer S&P 500 3AI TOP 100 ETF | 31.4% | +11 bp | +4.0% |
| NYSX | Global X NYSE 100 ETF | 31.4% | -40 bp | -1.4% |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 30.4% | -37 bp | +2.4% |
| WDAI | Pacer S&P World 3AI TOP 300 ETF | 29.8% | +11 bp | +3.3% |
| IGM | iShares Expanded Tech Sector ETF | 29.1% | -8 bp | +1.6% |
| SPHB | Invesco S&P 500 High Beta ETF | 28.5% | -24 bp | +2.2% |
| FTEC | Fidelity MSCI Information Technology Index ETF | 28.1% | -41 bp | +2.0% |
| VGT | Vanguard Information Technology ETF | 27.7% | -40 bp | +2.1% |
Risk and Returns: TRFM 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
1.4%
ALTAR SCORE™
4th
PERCENTILE
AVOID
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. TRFM's ALTAR Score™ is approximately -1.8 standard
deviations above the category average. This places TRFM in the 4th percentile
among funds in the category.
Sell-Side Consensus
$61.98
PRICE TARGET
-1.4%
UPSIDE