AAM Transformers ETF (TRFM) is a deep-tech ETF. As of October 9, 2026, ETF Copilot scores TRFM 6.4 out of 10 — highest on Growth (8.6), lowest on Risk (2.0). It trades at 33.6 times earnings, against its own median of 34.6. Its ten largest holdings are 9% of the fund.
What stands out in TRFM's data
Owns a focused strategy in deep tech and thematic innovation.
Earns far more on its equity than the typical deep-tech fund — a sign of real profitability in a speculative space.
Return on equity of 35.7% is well ahead of the 14.8% category median. Its trailing EBITDA multiple of 21.6x sits below average, tempering the price tag.
A niche portfolio sleeve for targeted exposure to deep tech themes.
How is TRFM rated? ETF Copilot scores AAM Transformers ETF (TRFM) 6.4 out of 10
As of October 9, 2026, ETF Copilot scores AAM Transformers ETF (TRFM) 6.4 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 6.4 / 10
- Growth: 8.6 / 10
- Value: 7.2 / 10
- Risk: 2.0 / 10
- Quality: 3.4 / 10
- Return: 8.6 / 10
Is TRFM expensive right now? It trades at 33.6 times earnings, against its own median of 34.6
As of October 9, 2026, TRFM is cheaper than 58% of its own 52 monthly readings since 2022 — 22 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside TRFM? 55% Tech
What's inside TRFM: Size (Large 72%, Mid 24%, Small 5%); Geography (International 21%, US 79%); Tech 54.7%; Magnificent 7 5.0%; AI 13.9%; Semiconductors 20.8%; Memory 10.4%.
What are TRFM's top holdings? The ten largest are 9% of the fund
Advanced Micro Devices, Ciena, Marvell Technology, Hewlett Packard Enterprise, CrowdStrike, Datadog, Astera Labs, Palo Alto Networks, Lumentum and Applied Materials are TRFM's largest holdings, in that order.
Less concentrated than 97% of Deep Tech ETFs.
Half of TRFM's weight sits in its 70 largest positions, and once those weights are taken into account it behaves like 194 equally weighted holdings.
What is TRFM's expense ratio? 0.49% a year
As of October 9, 2026, TRFM charges 0.49% a year, yields 0.13% and holds $345M in assets across 271 positions.
| Measure | TRFM |
|---|---|
| Expense ratio | 0.49% |
| Dividend yield | 0.13% |
| Assets under management | $345M |
| Holdings | 271 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “AAM Transformers ETF (TRFM) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/trfm
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