# TRFM (AAM Transformers ETF)

not established · Thematic ETFs · data as of Sep 11, 2026

TRFM holds 259 stocks, and 50% of its weight is outside the S&P 500.

## Key facts

- TRFM, already in the S&P 500: 50.4%, as of Sep 11, 2026.
- TRFM, active share vs the S&P 500: 77.4%, as of Sep 11, 2026.
- TRFM, top ten holdings: 10.0%, as of Sep 11, 2026.
- TRFM, total return, 1 year: +24.3%, as of Sep 11, 2026.
- TRFM, net assets: $156m (SEC filing, whole fund, as filed for Apr 30, 2026).
- TRFM, expense ratio: 0.49% (485BPOS XBRL, Feb 27, 2026).

## TRFM over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −2.4% | +3.3% | −5.7 pts | −1.6 pts |
| 6 months | +23.7% | +16.0% | +7.7 pts | +3.0 pts |
| 1 year | +24.3% | +17.5% | +6.8 pts | +1.3 pts |
| 3 years | +106.0% | +77.9% | +28.1 pts | +10.9 pts |
| Since launch | +147.5% | +111.8% | +35.7 pts | −8.4 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Electrification and the grid | ETFIQ, editorial |
| Launched | Jul 12, 2022 | ETFIQ |
| Already in the S&P 500, by weight | 50.4% | ETFIQ |
| Active share vs the S&P 500 | 77.4% | ETFIQ |
| Already in the Nasdaq-100, by weight | 28.5% | ETFIQ |
| Active share vs the Nasdaq-100 | 76.7% | ETFIQ |
| Top ten holdings weight | 10.0% | ETFIQ |
| Holdings | 259 | ETFIQ |
| Holdings as of | Apr 30, 2026 | SEC N-PORT |
| Top holdings | 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% | ETFIQ |
| Net assets | $156m | SEC filing, whole fund, as filed for Apr 30, 2026 |
| Below its all-time high | −7.7% | ETFIQ |
| Expense ratio | 0.49% | 485BPOS XBRL, Feb 27, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.63% | ETFIQ |
| Closest funds by holdings overlap | WTAI 28%, IETC 25%, CRTC 25%, QTUM 24%, AGIX 24% | ETFIQ |

## Questions

### How much of TRFM is in S&P 500 companies?

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.

### What does TRFM hold?

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%.

### Has TRFM beaten the S&P 500?

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.

### What does TRFM cost?

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%.


## Cite this page

ETFIQ, TRFM, data as of Sep 11, 2026. https://etfiq.com/funds/TRFM
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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