AAM Sawgrass US Large Cap Quality Growth ETF

AAM Sawgrass US Large Cap Quality Growth ETF (SAWG) is an actively managed fund that, as of July 31, 2026, held 42 large US stocks, led by NVIDIA, Apple and Alphabet, and had just $2.9 million in assets. Its manager scores stocks on 26 factors, including valuation, earnings quality and price swings, seeking growth with a smoother ride. The 0.49% fee is close to the 0.50% average of similar funds.

• Over the year to Oct 27, 2026, SAWG returned +10.4%, 3rd of 9 among similar funds.
• Its worst full calendar year was 2025 (+11.3%); its best was 2025 (+11.3%).
• The deepest fall in its price history was 18.7% (Dec 16, 2024 to Apr 8, 2025), recovered by Jul 3, 2025.

As of Jul 31, 2026, the fund held 42 securities; the ten largest made up 45.17% of assets, and 2.18% sat in cash and money-market holdings.

By sector

• Over the three months to Jul 31, 2026, investors added a net $235K (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +5.79%, -0.19%, -0.65%.

SAWG, issued by Sun Life Financial, is actively managed: a manager picks stocks rather than following an index. Sawgrass Asset Management, the sub-adviser running the portfolio, normally keeps at least 80% of net assets in US-listed large companies. Here, large means worth at least as much, when purchased, as the smallest member of the Russell 1000 Index, a benchmark of big US stocks: $1.03 billion as of December 31, 2025.

Sawgrass's model scores 900 to 1,000 stocks, sector by sector, on 26 factors in seven groups: business valuation, equity valuation, profitability, earnings quality, price volatility, smoothed momentum (a stock's price trend over time), and stability of sales, earnings and margins. Research then picks among the top scorers, weighing growth prospects and each stock's added risk. The fund expects to hold 40 to 60 companies; it held 42 as of July 31, 2026, with the top 10 at about 45% of assets.

Sawgrass drops a stock when its ranking slips, its fundamentals or risk change, or a better candidate appears. The prospectus describes no fixed weighting formula or rebalancing schedule, but reports 85% turnover, meaning trading equal to about 85% of the portfolio over a year; trading costs come on top of the 0.49% fee. The fund uses no leverage and held no derivatives as of July 31, 2026.

• SAWG charges 0.49% a year, versus an average of 0.5% for the similar funds below (4th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $50 in the first year and $616 over 10 years (assuming a 5% annual return).

With 42 stocks, about 42% in technology and only $2.9 million in assets as of July 31, 2026, it fits more naturally as a small add-on than a core holding.

SAWG launched on July 30, 2024, so it has no record from the 2008, 2020 or 2022 market falls. Its only full calendar year, 2025, brought an 11.24% gain. Its deepest drop, 18.7%, ran from December 16, 2024, to April 8, 2025, and the fund regained that peak by July 3, 2025. Anyone forced to withdraw near that low would have locked in losses, and so short a record says little about a long downturn.

Income is minimal: the yield was 0.24% as of October 27, 2026, with dividends paid once a year, so money for spending would mostly come from cashing in shares. The 0.49% fee equals $50 in the first year and $616 over 10 years in the SEC's standard $10,000 example. Past results don't predict future ones, and a plan needs to look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.