Investment Strategy - AAM Transformers ETF |
Feb. 28, 2025 |
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| Strategy [Heading] | Principal Investment Strategy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Strategy Narrative [Text Block] | The following replaces the paragraph that precedes the Sub-Industries chart in the Principal Investment Strategy: Securities eligible for inclusion in the Index must be classified in one of the following sub-industries of the Global Industry Classification Standard (“GICS”). The sub-industries eligible for inclusion in the Index are subject to change upon each quarterly rebalance of the Index. The Sub-Industries chart in the Principal Investment Strategy is hereby replaced with the following:
The following replaces the third paragraph under the Sub-Industries chart in the Principal Investment Strategy: The Index is reconstituted (i.e., Index constituents are added or deleted and weightings within each category are reset to equal-weight) after the close of business on the third Friday of March, June, September, and December. At the time of each reconstitution of the Index, Index constituents are added or deleted based on company data as of the last business day of February, May, August, and November, respectively, and the Index constituents are equally weighted within the following categories based on closing prices as of ten business days prior to the reconstitution date. Category classifications that are used to determine constituent weights are analyzed upon quarterly rebalances and are subject to change upon each quarterly rebalance.
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