{
 "ticker": "TRFM",
 "name": "AAM Transformers ETF",
 "issuer": "not established",
 "desk": "themes",
 "url": "https://etfiq.com/funds/TRFM",
 "html": "https://etfiq.com/funds/TRFM",
 "markdown": "https://etfiq.com/funds/TRFM.md",
 "as_of": "2026-09-11",
 "verdict": "TRFM holds 259 stocks, and 50% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "50.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TRFM, already in the S&P 500: 50.4%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "77.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TRFM, active share vs the S&P 500: 77.4%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "10.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TRFM, top ten holdings: 10.0%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+24.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TRFM, total return, 1 year: +24.3%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$156m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "TRFM, net assets: $156m (SEC filing, whole fund, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.49%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-09-11",
   "sentence": "TRFM, expense ratio: 0.49% (485BPOS XBRL, Feb 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Electrification and the grid",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 12, 2022",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "50.4%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "77.4%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "28.5%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "76.7%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "10.0%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "259",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Apr 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Advanced Micro Devices Inc 1.1%, Bloom Energy Corp 1.1%, Sandisk Corp/DE 1.1%, Seagate Technology Holdings PL 1.0%, Marvell Technology Inc 1.0%, Ciena Corp 1.0%, Western Digital Corp 1.0%, Texas Instruments Inc 0.9%, Lumentum Holdings Inc 0.9%, Micron Technology Inc 0.9%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$156m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22127.7%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.49%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.63%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "WTAI 28%, IETC 25%, CRTC 25%, QTUM 24%, AGIX 24%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22122.4%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22125.7 pts",
   "Gap to Nasdaq-100": "\u22121.6 pts"
  },
  {
   "window": "6 months",
   "Total return": "+23.7%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "+7.7 pts",
   "Gap to Nasdaq-100": "+3.0 pts"
  },
  {
   "window": "1 year",
   "Total return": "+24.3%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+6.8 pts",
   "Gap to Nasdaq-100": "+1.3 pts"
  },
  {
   "window": "3 years",
   "Total return": "+106.0%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "+28.1 pts",
   "Gap to Nasdaq-100": "+10.9 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+147.5%",
   "S&P 500": "+111.8%",
   "Gap to S&P 500": "+35.7 pts",
   "Gap to Nasdaq-100": "\u22128.4 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of TRFM is in S&P 500 companies?",
   "a": "By its holdings filed for Apr 30, 2026, 50% of TRFM by weight is stocks the S&P 500 already holds. Its active share against the index is 77%, so that share is the part doing something different."
  },
  {
   "q": "What does TRFM hold?",
   "a": "259 positions as filed for Apr 30, 2026, with the top ten at 10% of the fund. The largest are Advanced Micro Devices Inc at 1.1%, Bloom Energy Corp at 1.1%, Sandisk Corp/DE at 1.1%."
  },
  {
   "q": "Has TRFM beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 TRFM returned +24.3% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 6.8 points."
  },
  {
   "q": "What does TRFM cost?",
   "a": "The prospectus expense ratio is 0.49% a year. Because 77% of the fund differs from the S&P 500, the fee on that differing part works out at 0.63%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}