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Launched · SEC filings

AAM Transformers ETF

TRFMNYSE ArcaAAMA

$53.14−0.62 (−1.16%)

As of Nov 2, 2026, 3:59 PM ET

A74/ 100

Rank 3 of 30 in Disruptive Innovation

A74/100Rank 3 of 30inDisruptive Innovation
Intraday session: down, 79 prints from 53.76 to 53.14. Range 53.08 to 54.66. Use the arrow keys to read each point.53.5054.0054.5010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$313M
1Y total return
+5.8%
Yield · Last 12 months
No data
Holdings
266
Avg volume · 30D
40.1K sh
52W range
low $43.76high $64.50
Launched
Filings
SEC EDGAR

The ETF.net TRFM Grade

Based on 5 of 6 pillars

A

Score 74 out of 100

Category
Disruptive Innovation⁠
Rank
3 of 30
Six-pillar profile for TRFM. Scores out of 100: Cost 81, Risk 66, Mission not scored, Tradability 70, Holdings 89, Durability 50. Strongest: Holdings (89). Weakest: Durability (50). Based on 5 of 6 pillars.

Score 74 of 100 falls in the A 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.
    A81 out of 100
    Rank 4 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B66 out of 100
    Rank 7 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A70 out of 100
    Rank 6 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A89 out of 100
    Rank 1 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C50 out of 100
    Rank 17 of 30

Our read on TRFM

ETF.net Research

In short

AMost disruption funds buy the story. TRFM screens for companies actually writing R&D checks, then spreads the theme across a couple hundred US-listed names instead of a concentrated bet on thirty.

Stated mandate

The Fund passively tracks the total return of the Pence Transformers Index before fees and expenses. The index targets U.S.-listed equity securities of companies positioned to benefit from significant changes in consumer behavior and technological innovation.

Why people hold it

  • Candidates are screened on research-and-development spending, so names earn a slot with budget receipts, not just a narrative.nasdaq.com
  • 0.49% a year, below the typical fee in its disruptive-innovation cohort, and it follows a published index rather than a manager's hunches.
  • Modified equal weighting across a couple hundred holdings keeps any single mega-cap from quietly becoming the whole theme.stockanalysis.com
  • Sits among the strongest implementations in its disruptive-innovation peer group on our review.

Worth knowing

  • Not the cheapest door into the theme. Broader innovation rivals such as KOMP carry a lower expense ratio.
  • Trades thinly next to the category's giants, so the bid-ask spread can matter more to your cost than the fee does.
  • Launched in 2022, so the track record is short, and the index stays US-listed (ADRs count) rather than buying foreign shares directly.stockanalysis.com

TRFM Performance

Launched Jul 11, 2022

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.
TRFM$10,576
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TRFM $10,576. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 TRFM. Periods over one year show the average yearly return.
PeriodTRFM
Year to date+12.8%
1 month−9.1%
3 months−7.0%
1 year+5.8%
3 yearsHistory unavailableper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 TRFM
YearReturn barTRFM
2026 YTD+12.8%
2025+25.8%
2024+19.9%
2023+44.7%
2022−7.4%

History from Jul 12, 2022

TRFM in the news

TRFM Dividends

Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 31, 2025 $0.08. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 31, 2025Jan 5, 2026$0.08

$10,000 in TRFM 3 years ago paid $30.48 in dividends.

TRFM Risk

Risk pillarB66 out of 100Rank 7 of 30 in Disruptive Innovation
How much the fund’s monthly returns vary, scaled to a year.
23.3%
Annualised · 36 months to Oct 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.
1.02
vs 3-month T-bills · to Oct 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.
−28.4%
51 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.
1.64
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.

FMP measures it over up to five years of monthly returns.

TRFM Cost

Compare TRFM and KOMP

Overpaying vs KOMP, cheapest in Disruptive Innovation

$5,637

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TRFM 0.49%

    $9,792

  • KOMP 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • TRFM 0.49%
  • KOMP 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530TRFM $9,792KOMP $4,155

Year by year

YearTRFMKOMPOverpaying
10$883$365$518
20$3,394$1,421$1,973
30$9,792$4,155$5,637

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