Press Releases

AAM Transformers ETF Surpasses $100 Million AUM Milestone

MONUMENT, Colo.  — October 9, 2025 — Advisors Asset Management (AAM), a leading investment solutions provider, announced today that its AAM Transformers ETF (NYSE: TRFM) has surpassed $100 million in assets under management (AUM).

“Crossing the $100 million threshold is a significant achievement for TRFM and highlights the growing interest in strategies designed to capitalize on innovation-driven growth,” said Lance McGray, Managing Director and Head of ETF Product at AAM. “Investors are increasingly seeking solutions that go beyond conventional market exposures and position portfolios for long-term opportunity in a rapidly changing global economy. TRFM offers a way to participate in these powerful themes while maintaining the transparency and efficiency of an ETF.”

TRFM invests in businesses shaping the future through advancements in areas such as artificial intelligence, cloud computing, robotics, clean energy, and next-generation healthcare. It is a rules-based strategy that analyzes research & development (R&D) spending, forward looking sales growth, and positive sell-side analyst ratings of global companies. Impressively, with low overlap to major broad-based equity indices and minimal exposure to the “Magnificent 7”, TRFM has a 4-Star Morningstar Rating (Overall and 3-Year out of 295 funds in the US Fund Global Large Stock Growth category, as of 9/30/25 based on risk-adjusted returns). TRFM has also outperformed the S&P 500 since its inception while placing in the top 10th percentile in performance over the last 3 years relative to its 295 peers in the US Fund Global Large Stock Growth Morningstar category (as of 9/30/25, risk-adjusted returns).

“This milestone underscores the importance of disciplined research and a forward-looking approach to identifying companies that are not only disruptive but also demonstrate the ability to execute and lead in transformative technologies,” said Dryden Pence, President & Chief Investment Officer of Pence Capital Management. “We believe innovation is not just about ideas, but about durable business models that can create lasting value for investors over time.Companies that pioneer transformational technologies, drive significant gains in labor productivity are poised to lead future earnings growth. This index is designed to identify and capture two types of innovators: those that are Big—investing heavily in research and development—and those that are Brilliant—bringing forward ideas with the potential to reshape our world. Our goal is to spot these leaders early.”

About Advisors Asset Management

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

For the one-year period ending December 31, 2024, AAM facilitated over $32 billion in combined sales and investments through 15,300 financial professionals industry-wide who accessed AAM’s investment solutions platform.*

*Of the $32 billion, approximately $7 billion were Exchange-Traded Fund (ETF), Managed Account (SMA), Mutual Fund, and Unit Investment Trust (UIT) assets, while $25 billion was in Fixed Income securities, including bonds and Structured Products.

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-/

The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus contains 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.

Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. For the most recent month end performance please visit the funds website at www.aamlive.com.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns.

Pence Transformers Index (PENCETI) is a rules-based index that measures the performance of U.S.-listed common equity securities, including American Depositary Receipts (“ADRs”) for foreign securities, of companies poised to benefit from a significant disruption and/or transformation of consumer behavior and technological innovation. Examples of significant disruptions and/or transformation of consumer behavior and technological innovation include, but are not limited to, (i) advancements in autonomous driving capabilities and electric vehicle technology disrupting the automobile manufacturers and trucking sub-industries; (ii) changes in consumer behavior shifting retail sales from brick and mortar businesses to digital channels transforming the internet and digital marketing retail sub-industry; (iii) recent developments in cellular data speeds and improvements in mobile technologies disrupting the interactive media and services sub-industry; and (iv) new technologies that provide carbon offsets for existing business models or the development of greener alternatives to existing energy production transforming the renewable electricity producers sub-industry.

The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10 years, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar rankings are based on a fund's average annual total return relative to all funds in the same Morningstar category. Fund performance used within the rankings, reflects certain fee waivers, without which, returns and Morningstar rankings would have been lower. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100.

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

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

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

CRN: 2025-1007-12912 R