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
51.0 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | Advisors Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 12, 2022 |
| Assets (mns) | $51 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLOVIN CORP. CLASS A | 1.9 % |
| TESLA MOTORS INC | 1.2 % |
| NVIDIA CORP | 1.1 % |
| VISTRA ENERGY CORP. | 1.1 % |
| SALESFORCE.COM INC | 1.1 % |
| ORACLE CORP | 1.0 % |
| EATON CORP PLC | 1.0 % |
| SERVICENOW INC | 1.0 % |
| BROADCOM INC. | 1.0 % |
| AMAZON.COM INC | 1.0 % |
Constituent Breakdown
| Number of holdings | 188 |
| Herfindahl-Hirschman Index | 62 |
| Wgt avg mkt cap (mns) | $207,129 |
| Large cap (>$10bn) | 74.0% |
| Mid cap ($2-10bn) | 20.3% |
| Small cap (<$2bn) | 4.2% |
| Developed mkts. | 92.8% |
| Emerging mkts. | 7.2% |
Country Exposure
 |
UNITED STATES | 70.1 % |
 |
CHINA | 3.7 % |
 |
JAPAN | 2.3 % |
 |
BRITAIN | 2.2 % |
 |
IRELAND | 2.1 % |
 |
ISRAEL | 1.7 % |
 |
NETHERLANDS | 1.4 % |
 |
TAIWAN | 1.1 % |
 |
FRANCE | 1.1 % |
 |
SINGAPORE | 1.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.7% | 37.2% | 24.2% | -- | -- | -- | 15.3% | Volatility | 21.3% | 20.9% | 24.6% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.27 | 68% |
| MSCI EAFE | 0.95 | 45% |
| MSCI Emg Mkts | 0.96 | 56% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $171,080 |
Technical Indicators
| Recent close | $39.23 |
| 30d moving avg. | $35.24 |
| Annualized volatility | 24.7% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TRFM |
Expenses vs. TRFM |
ALTAR Score™ vs. TRFM |
|---|---|---|---|---|
| MVPS | Amplify Thematic All-Stars ETF | 29.7% | 0 bp | +0.7% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 27.9% | -1 bp | -0.1% |
| IGM | iShares Expanded Tech Sector ETF | 26.8% | -8 bp | +2.4% |
| QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 26.5% | +9 bp | +3.0% |
| VGT | Vanguard Information Technology ETF | 25.7% | -39 bp | +2.4% |
| QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 25.3% | -14 bp | +2.6% |
| IYW | iShares U.S. Technology ETF | 25.0% | -9 bp | +2.5% |
| SPHB | Invesco S&P 500 High Beta ETF | 24.7% | -24 bp | +1.5% |
| RPG | Invesco S&P 500 Pure Growth ETF | 24.5% | -14 bp | +1.5% |
| FTEC | Fidelity MSCI Information Technology Index ETF | 24.3% | -41 bp | +2.6% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
TRFM
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
TRFM
1.9%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. TRFM's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places TRFM in the 7th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
TRFMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| TRFM (49 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| TRFM | 49.0 | 12.8 | 61.8 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .