AMER — Emles Made in America ETF

AMER Fund Overview

AMER — Emles Made in America ETF is a US ETF managed by Emles Trust, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Emles Trust
• Category: United States Blend / Core Equity
• Assets under management: $1.93M
• 1-year return: -1.2%
• Ticker: AMER
• SEC CIK: 0001755351
• SEC series ID: S000069238
• Share class ID: C000221149

AMER Investment Objective and Strategy

Emles Made in America ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Emles Trust.

Investment objective

Emles Made in America ETF (the Fund) seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Emles American Manufacturing Index (the Index).

Principal investment strategy

The Fund seeks to replicate the Index and generally invests at least 80% of its net assets (plus borrowings for investment purposes) in the component securities of the Index, holding each stock in approximately the same proportion as its weighting in the Index. The Index is designed to provide exposure to U.S. dollar-denominated equities publicly-listed by U.S. companies (and their subsidiaries) headquartered in the U.S. and focused on the production of goods within North America (herein referred to as America or American). For the avoidance of doubt, America or American shall not include Central America. As of October 22, 2021, there were 66 issues in the Index. The universe of securities from which the Index is constructed includes any company featured on the annual Industry Week Top US Manufacturing Companies list.

To be eligible for the Index, a company must have 85% or more of its total revenue generated in the U.S. or Canada, with no less than 70% of its total revenue generated in the U.S. The Index shall exclude any companies falling under the energy or energy-related, financial services and distribution sectors. The list of companies is further refined to select only those that have a market capitalization of at least $75 million, and a weighted average manufacturing footprint of at least 90% across America, with each individual constituent company having at least a 60% manufacturing footprint based in America. The Index Provider makes the above determinations using its own qualitative and quantitative analysis and research and all publicly available information ( e.g.., filed Annual Reports on Form 10-K) to determine each companys manufacturing footprint or intended footprint and revenue.

Individual security names in the Index are capped at 5% of the portfolio market value. The Index seeks to rebalance quarterly , and under certain circumstances, such as a merger between two Index constituents, a special rebalance will be completed to maintain the Indexs weighting scheme. Emles Indexing LLC, an entity affiliated with and under common control with Emles Advisors LLC (the Adviser) is the index provider for the Index (the Index Provider). S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (S&P) is the calculation agent for the Index and independently prices the Index on a continuous basis during equity market hours. The Fund has adopted procedures pursuant to Rule 17j-1 of the Investment Company Act of 1940, as amended (the 1940 Act) and the Adviser has adopted procedures to address any potential conflicts in accordance with Rule 204(A)(1) of the Investment Advisers Act of 1940.

These procedures address the types of conflicts that may arise in connection with a self-indexing fund. The Adviser uses a passive or indexing approach to try to achieve the Funds investment objective. The Fund does not try to beat the index it tracks and would not necessarily sell a security because of overall market decline or if a certain issuer was experiencing financial troubles or appeared overvalued, unless that issuers security was removed from the Index. Indexing may eliminate the chance that the Fund will substantially outperform the Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.

AMER Performance

Total returns for AMER (as of 2026-10-01), from SEC filings.

AMER Risk Information

Risk metrics for AMER, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 20.0%

AMER Costs and Fees

AMER costs about $49 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.49%
• Gross expense ratio: 0.49%
• Portfolio turnover: 26%
• Brokerage commissions: 6.69 bps of average net assets (SEC N-CEN)

AMER Cashflows

Over the 12 months to 2022-09, Emles Made in America ETF had net inflows of $2.68M, from monthly SEC N-PORT filings.

AMER Debt Constituents

No individual debt constituents are reported in Emles Made in America ETF's latest SEC N-PORT filing.

AMER Prospectus and SEC Filings

Official Emles Made in America ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus supplement (497) — filed 2021-11-02
• Prospectus supplement (497) — filed 2020-12-09
• Portfolio holdings (N-PORT) — filed 2022-11-29
• Portfolio holdings (N-PORT) — filed 2022-08-26
• Portfolio holdings (N-PORT) — filed 2022-05-25
• Annual census (N-CEN) — filed 2022-09-13
• Annual census (N-CEN) — filed 2021-09-13

Related Funds

Other United States Blend / Core Equity funds tracked on ABC INVEST:

• International Small Company Portfolio (DFISX)
• iShares Preferred and Income Securities ETF (PFF)
• Guggenheim Macro Opportunities Fund (GIOAX)
• Emerging Markets Portfolio (DFEMX)
• Eaton Vance Global Macro Absolute Return Advantage Fund (EGRAX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.