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Launched

AAM Sawgrass U.S. Small Cap Quality Growth ETF

SAWSNYSE ArcaC

$22.82−0.01 (−0.07%)

As of Oct 13, 2026, 3:59 PM

C44/ 100

Rank 24 of 41 in US Active Small-Cap

C44/100Rank 24 of 41inUS Active Small-Cap
Intraday session: down, 78 prints from 22.84 to 22.82. Range 22.66 to 22.88. Use the arrow keys to read each point.22.6522.7022.7510 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$8M
1Y total return
+12.6%
Yield · Last 12 months
0.02%
Holdings
72
Avg volume · 30D
0M sh
NAV per share
$22.91
52W range
low $19.77high $26.05
Launched

The ETF.net SAWS Grade

C

Score 44 out of 100

Category
US Active Small-Cap⁠
Rank
24 of 41
Six-pillar profile for SAWS. Scores out of 100: Cost 55, Risk 27, Mission 79, Tradability 49, Holdings 40, Durability 25. Strongest: Mission (79). Weakest: Durability (25). Leans toward Mission.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B55 out of 100
    Rank 18 of 41

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A79 out of 100
    Rank 5 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D27 out of 100
    Rank 32 of 38

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 23 of 41

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 31 of 41

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D25 out of 100
    Rank 37 of 41

Our read on SAWS

ETF.net Research

CMost small-cap funds are built to chase the upside. SAWS writes the other half into its mandate: the prospectus objective names downside protection and low standard deviation alongside growth, pursued through an active, multi-screen model.

Stated mandate

The Fund seeks risk-adjusted returns, upside participation, downside protection, low standard deviation, and long-term capital appreciation.

Why people hold it

  1. 01The mandate is unusually specific for a small-cap fund: risk-adjusted returns, upside participation, downside protection and low standard deviation, and the portfolio has tracked that description closely.
  2. 02Five screens stacked into one small-cap sleeve: quality, profitability, value, momentum and low volatility, blended by a proprietary model rather than an off-the-shelf index.
  3. 03At 0.55% a year, active stock selection priced close to the middle of the active small-cap field rather than at a premium to it.

Worth knowing

  1. 01A small fund that trades lightly. Bid-ask spreads can be wide, and that cost lands in your fill price, most visibly on bigger orders.
  2. 02Launched in 2024, so the record is short and covers one market regime. No full drawdown cycle yet to test the downside-protection half of the mandate.
  3. 03Bigger systematic rivals such as AVUV, AVSC and DUHP charge 0.20% to 0.29% and stand higher in the cohort; SAWS sits in the lower half of its peer group.

SAWS Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
72
Top-10 weight
28%
Largest holding
PSMT3.1%

Geography

  • United States98.74%
  • Canada1.26%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PSMTPriceSmart Inc3.14%1,388$235K131
002SNEXStoneX Group Inc3.12%3,874$234K154
003BTSGBrightSpring Health Services Inc3.09%3,702$232K153
004IRMDiRadimed Corp3.06%2,575$230K77
005DGIIDigi International Inc2.86%2,852$215K124
006SANMSanmina Corp2.83%991$212K164
007GRDNGuardian Pharmacy Services Inc2.72%5,104$204K79
008GRCGorman-Rupp Co/The2.57%2,606$193K88
009MLIMueller Industries Inc2.37%2,906$177K207
010BVSBioventus Inc2.33%12,953$175K63
011AEISAdvanced Energy Industries Inc2.12%564$159K169
012KRYSKrystal Biotech Inc1.99%448$149K155
013LAURLaureate Education Inc1.81%3,432$136K132
014CDNACareDx Inc1.79%2,145$134K111
015GVAGranite Construction Inc1.76%1,181$132K127

Showing 1–15 of 72 holdings

SAWS Performance

Launched Jul 30, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
SAWS$11,265
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. SAWS $11,265. SPY $12,044. Use the arrow keys to read each point.$9,501$11,298$13,096Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SAWS. Periods over one year show the average yearly return.
PeriodSAWS
Year to date+8.2%
1 month−2.2%
3 months−8.5%
1 year+12.6%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SAWS
YearReturn barSAWS
2026 YTD+8.2%
2025+7.3%
2024+3.5%

History from Jul 31, 2024

SAWS in the news

Filtered to SAWS · US Active Small-Cap

SAWS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.02%Last 12 months
Payout per share
$0.0045Last 12 months
Last payment
$0.0045 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 31, 2024 $0.0065; Dec 31, 2025 $0.0045. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 31, 2025Jan 5, 2026$0.0045
Dec 31, 2024Jan 3, 2025$0.0065

SAWS Risk

How much the fund’s monthly returns vary, scaled to a year.
18.5%
Annualised · 26 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.32
vs 3-month T-bills · 26 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.0%
26 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.85
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SAWS Cost

Expense ratio0.55%
  • The middle half of US Active Small-Cap funds
  • Median 0.55%

17 of the 39 US Active Small-Cap funds charge less.

SAWS costs $55.00 a year on $10,000. The median US Active Small-Cap fund costs $55.00.

Other funds in US Active Small-Cap

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