Key stats
About iShares MSCI Intl Momentum Factor ETF
Expense ratio
0.30%
Home page
Inception date
Jan 13, 2015
IMTM, launched in January 2015, offers the first momentum-based ETF in the developed ex-US space. Selecting stocks from its Parent Index MSCI World ex USA. It uses the same methodology as its US-focused sibling ETF, MTUM, whereby price momentum is measured by 6- and 12-month returns (less the risk-free rate), scaled by volatility (of weekly returns over the past 3 years). As such, the funds screens work similar to a Sharpe ratio that, on paper at least, should identify stocks with smoothly rising prices relative to their peers. Still, momentum strategies often exhibit higher market risk (beta) than vanilla ETFs. Weighting for index constituents is determined by multiplying the securitys momentum score by its market capitalization-weight in the Parent Index, with an individual capping scheme of 5%. The number of components is evaluated semi-annually.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.70%
Finance25.05%
Producer Manufacturing9.17%
Health Technology9.03%
Consumer Durables8.88%
Electronic Technology8.23%
Technology Services5.68%
Non-Energy Minerals5.14%
Process Industries4.57%
Consumer Non-Durables4.21%
Distribution Services3.75%
Retail Trade2.99%
Energy Minerals2.92%
Utilities2.54%
Commercial Services2.10%
Transportation1.60%
Industrial Services1.41%
Consumer Services1.25%
Communications1.16%
Bonds, Cash & Other0.30%
Cash0.30%
Miscellaneous−0.01%
Stock breakdown by region
Europe45.99%
Asia45.55%
North America4.80%
Oceania3.66%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history