QRAFT AI-Enhanced U.S. Large Cap Momentum ETF
AMOM
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- QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) is an actively managed exchange-traded fund that seeks capital appreciation by investing primarily in U.S.-listed large-cap stocks exhibiting strong price momentum, utilizing proprietary artificial intelligence for security selection and portfolio optimization. Launched on May 21, 2019, and domiciled in the United States, the fund is issued by Exchange Listed Funds Trust - QRAFT and managed by Exchange Traded Concepts, LLC, with AI technology licensed from Qraft Technologies, Inc.; it draws from a universe of large-cap equities listed on the New York Stock Exchange and NASDAQ, targeting approximately 52 to 100 holdings selected through an AI system that analyzes momentum alongside complementary factors such as quality, size, value, and volatility to capture undiscovered opportunities and outperform passive momentum strategies like the iShares MSCI USA Momentum Factor ETF (MTUM). The fund's expense ratio stands at 0.75%, with shares traded on NYSE Arca and distributed by Foreside Fund Services, LLC. The ETF operates within the large-cap growth equity segment, emphasizing momentum-driven investments vulnerable to technology sector risks including rapid product obsolescence, regulatory changes, and competitive pressures from domestic and international players. It benchmarks performance against the S&P 500 Index while prioritizing AI-enhanced alpha generation over strict index replication, serving institutional and retail investors seeking active management with human oversight combined with AI's data-processing capabilities. In recent developments, AMOM marked its six-year anniversary in May 2025, highlighting sustained AI-driven outperformance with a 35.56% return in 2024 that surpassed the S&P 500's 25.02% gain, driven by strategic overweight positions in high-momentum technology stocks such as Nvidia and Broadcom. The fund continues to evolve its AI model, incorporating ongoing refinements to adapt to market trends and expanding datasets, as evidenced by updated schedules of investments through July 2025 and semi-annual shareholder reports reflecting portfolio rebalancing amid volatile equity conditions.