Press Releases

Advisors Asset Management Launches AAM Ubiquitous ETF (UBIQ) Targeting the Infrastructure Behind U.S. E-Commerce

UBIQ becomes AAM’s newest thematic ETF, giving investors rules-based access
to the companies at the center of U.S. digital commerce.

MONUMENT, Colo.  — October 7, 2026 — Advisors Asset Management (AAM), a leading investment solutions provider, today announced the launch of the AAM Ubiquitous ETF (NYSE Arca: UBIQ), the newest addition to AAM’s growing suite of thematic exchange-traded funds. UBIQ seeks to track the total return performance, before fees and expenses, of the Pence Ubiquitous Index (the “Index”), a rules-based index that targets companies operating within the U.S. e-commerce ecosystem. 

Rather than focusing narrowly on online retailers, UBIQ is designed around the idea that every digital transaction depends on a broader network of businesses working behind the scenes. The Index identifies companies that materially participate in the digital commerce value chain, grouping constituents into six segments: Devices, Connectivity, Platforms, Digital Advertising, Payment, and Delivery.

“E-commerce in the U.S. has moved well beyond the storefront, and we believe the durable winners over the next decade will be the companies that own the infrastructure connecting consumers to every transaction,” said Lance McGray, Managing Director, Head of ETF Product at AAM. “UBIQ offers investors a transparent rules-based approach to access that broader e-commerce ecosystem in low-cost and tax-efficient ETF.”

Pence Capital Management, LLC (PCM) developed the Index in 2023 to identify companies positioned at critical “chokepoints” across the digital commerce value chain.

“Our research is built around the idea of chokepoint investing — identifying the companies that enable access, discovery, transactions, and fulfillment across digital commerce, regardless of which retailer ultimately makes the sale,” said Dryden Pence, Co-Founder and CIO of Pence Capital Management, LLC. “We’re pleased to partner with AAM to bring this methodology to investors through UBIQ.”

U.S. e-commerce sales are projected to reach approximately $1.65T by 2030, with online sales accounting for approximately 20% of total retail sales (excluding food services and gas), up from approximately 18% today (Source: US Census Bureau, PCM). AAM believes many of the beneficiaries will be the companies building and scaling the infrastructure behind the modern consumer journey.

About Advisors Asset Management

With roots dating back to 1979, AAM has become a trusted resource for financial professionals. The firm offers access to alternative investments, exchange-traded funds, fixed income markets, managed accounts, mutual funds, structured products, and unit investment trusts. AAM is a part of SLC Management, the alternatives and traditional asset management business of Sun Life. For more information, visit www.aamlive.com.

Advisors Asset Management, Inc. (AAM) is a SEC-registered investment advisor and member FINRA/SIPC. | Registration does not imply a certain level of skill or training. | 18925 Base Camp Road | Monument, CO 80132

For more information, visit www.aamlive.com | LinkedIn: https://www.linkedin.com/company/advisors-asset-management-inc-/ 

About Pence Capital Management

Pence Capital Management’s founding principles bring together the study of human behavior and economic analysis. The investment team is comprised of professionals with diverse perspectives and credentials as economists, experts in behavioral finance, psychology specialists and former military leaders. The company was founded by E. Dryden Pence III, a Harvard-educated economist with 30 years of experience in the financial industry, and a retired Army Colonel specializing in Intelligence, Special Operations and Psychological Warfare.

The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuscontains this and other important information about the investment company, and it may be obtained by calling 800.617.0004 or visiting www.aamlive.com. Read it carefully before investing.

Investing involves risk; Principal loss is possible.

Principal Risks: Concentration Risk: The Fund’s investments will be concentrated in an industry or group of industries to the extent that the Index is so concentrated. In such event, the value of the Shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries. Sector Risk: The Fund may invest more heavily in one sector or sub-sector of the market that may result in more concentrated risk. Performance will be especially sensitive to developments that significantly affect those sectors or subsectors. Communications services companies are subject to extensive government regulations. The success of consumer product manufacturers and retailers is tied closely to the performance of domestic and international economies, interest rates, exchange rates, competition, consumer confidence, changes in demographics and consumer preferences. Market or economic factors impacting information technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. Market Capitalization Risk: The fund invests in large-capitalization companies. The securities of large-capitalization companies may be relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. Models and Data Risk: The composition of the Index is heavily dependent on proprietary quantitative models as well as information and data supplied by third parties (“Models and Data”). Portfolio Turnover Risk: The Fund may trade all or a significant portion of the securities in its portfolio in connection with each quarterly rebalance and reconstitution of its Index. New Fund Risk: The Fund is a recently organized investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. Chokepoints refers to companies that occupy critical positions within a value chain where economic activity, transactions, or information must pass. Pence Ubiquitous Index is a rules-based index that measures the performance of U.S.-listed common equity securities, including American Depositary Receipts (“ADRs”) for foreign securities, listed on the New York Stock Exchange (“NYSE”) or Nasdaq, of companies operating within the U.S. e-commerce ecosystem.

AAM ETFs are distributed by Quasar Distributors, LLC. AAM and Quasar are not affiliated.

CRN: 2026-1001-13829 R