Key stats
About iShares MSCI USA Momentum Factor ETF
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Inception date
Apr 16, 2013
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
MTUM aims to pick stocks that have steadily increased in price lately. It selects and weights stocks by looking at both 6- and 12-month holding period returns, scaled by the volatility of returns over the past three years. In other words, the fund uses modified Sharpe ratios to find stocks with a smooth, positive trend line. The resulting, small-basket portfolio (it only ever holds between roughly 100 and 350 different stocks) makes large sector bets and carries high market risk. MTUM offers factor-based exposure in an efficient wrapper.
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
Electronic Technology
Technology Services
Stocks99.87%
Finance24.16%
Electronic Technology17.18%
Technology Services16.69%
Retail Trade9.58%
Commercial Services4.72%
Consumer Durables4.05%
Utilities3.87%
Producer Manufacturing3.81%
Health Technology3.72%
Communications3.13%
Consumer Non-Durables2.90%
Consumer Services2.62%
Industrial Services2.10%
Process Industries0.62%
Miscellaneous0.41%
Transportation0.26%
Health Services0.05%
Bonds, Cash & Other0.13%
Mutual fund0.12%
Cash0.01%
Stock breakdown by region
North America98.57%
Europe1.43%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history