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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Alpha Architect International Quantitative Momentum ETF

IMOM | Active ETF

$27.91

$85.8 M

2.79%

$0.78

0.39%

Vitals

YTD Return

5.8%

1 yr return

11.0%

3 Yr Avg Return

-4.3%

5 Yr Avg Return

3.7%

Net Assets

$85.8 M

Holdings in Top 10

29.9%

52 WEEK LOW AND HIGH

$27.9
$24.90
$29.37

Expenses

OPERATING FEES

Expense Ratio 0.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 99.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Alpha Architect International Quantitative Momentum ETF

IMOM | Active ETF

$27.91

$85.8 M

2.79%

$0.78

0.39%

IMOM - Profile

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return -4.3%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.84%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Alpha Architect International Quantitative Momentum ETF
  • Fund Family Name
    Alpha Architect
  • Inception Date
    Dec 22, 2015
  • Shares Outstanding
    2475000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Wesley Gray

Fund Description

The Fund’s Investment Strategy
The Fund is actively managed by Alpha Architect, LLC, the Fund’s investment sub-adviser (“Alpha Architect” or the “Sub-Adviser”). The Sub-Adviser manages the Fund using proprietary methodology developed by the parent company of the Adviser and Sub-Adviser, Empirical Finance, LLC, dba Alpha Architect.
The Sub-Adviser employs a multi-step, quantitative, rules-based methodology to identify a portfolio of approximately 50 to 200 non-U.S. equity securities with the highest relative momentum, as described below. A “momentum” style of investing emphasizes investing in securities that have had higher recent total return performance compared to other securities.
The Sub-Adviser analyzes an initial universe of liquid stocks that principally trade on developed non-U.S. markets securities exchanges in countries included in the MSCI EAFE Index. Typically, the minimum market capitalization for the smallest-capitalization stocks in the initial universe is above $1 billion.
The Sub-Adviser eliminates from the initial universe illiquid securities, real estate investment trusts, exchange-traded funds (ETFs), American Depositary Receipts, and stocks of companies with less than twelve months of
available financial data. The resulting universe is composed primarily of highly liquid, small-, mid- and large-cap stocks.
The Sub-Adviser then employs proprietary screens to eliminate companies with issues that may negatively impact their momentum. For example, the Sub-Adviser will generally eliminate companies that measure poorly on any of the following variables: (1) past six-month momentum (lower is bad), (2) past nine-month momentum (lower is bad), and (3) beta (higher is bad).
Next, the Sub-Adviser screens the remaining universe of companies to identify the companies with the highest cumulative return for the past 12 months, excluding the most recent month. Last, the Sub-Adviser employs an ensemble of momentum quality screens to identify which of the remaining companies has experienced the most consistent positive returns, as opposed to short-lived success during the 12-month period measured above. The Sub-Adviser then selects the top 50 to 200 momentum stocks.
As of September 30, 2023, the Fund had significant exposures to the following sectors: Financials (33.1%) and Consumer Discretionary (21.5%).
The Sub-Adviser will reallocate the Fund’s portfolio on a periodic basis, generally each month.
The Fund may also invest up to 20% of its assets in cash and cash equivalents, other investment companies, as well as securities and other instruments.
Read More

IMOM - Performance

Return Ranking - Trailing

Period IMOM Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -6.7% 32.7% 50.52%
1 Yr 11.0% -0.7% 36.5% 57.59%
3 Yr -4.3%* -12.5% 6.3% 58.84%
5 Yr 3.7%* -2.2% 13.2% 83.14%
10 Yr N/A* 1.7% 9.4% 86.42%

* Annualized

Return Ranking - Calendar

Period IMOM Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -0.4% 28.6% 93.98%
2022 -26.4% -49.5% -15.2% 48.81%
2021 -2.0% -22.2% 19.3% 64.75%
2020 27.2% -3.7% 85.0% 25.43%
2019 16.8% -4.0% 45.1% 95.25%

Total Return Ranking - Trailing

Period IMOM Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -6.7% 32.7% 50.52%
1 Yr 11.0% -0.7% 36.5% 57.59%
3 Yr -4.3%* -12.5% 6.3% 58.84%
5 Yr 3.7%* -2.2% 13.2% 83.14%
10 Yr N/A* 1.7% 9.4% N/A

* Annualized

Total Return Ranking - Calendar

Period IMOM Return Category Return Low Category Return High Rank in Category (%)
2023 9.2% 1.8% 28.6% 94.76%
2022 -21.9% -44.4% -11.0% 26.65%
2021 -0.7% -20.6% 20.5% 90.44%
2020 28.5% 7.6% 97.1% 27.71%
2019 18.3% 0.5% 45.3% 99.37%

IMOM - Holdings

Concentration Analysis

IMOM Category Low Category High IMOM % Rank
Net Assets 85.8 M 201 K 133 B 89.27%
Number of Holdings 51 4 1806 71.20%
Net Assets in Top 10 23.8 M 70.5 K 36.7 B 91.88%
Weighting of Top 10 29.91% 10.1% 99.9% 54.97%

Top 10 Holdings

  1. First American Government Obligations Fund 11.43%
  2. Saipem SpA 2.14%
  3. MSAD Insurance Group Holdings Inc 2.08%
  4. SAAB AB 2.07%
  5. Isetan Mitsukoshi Holdings Ltd 2.06%
  6. Sumitomo Mitsui Financial Group Inc 2.05%
  7. Trelleborg AB 2.02%
  8. UCB SA 2.02%
  9. Fujikura Ltd 2.02%
  10. Frontline PLC 2.02%

Asset Allocation

Weighting Return Low Return High IMOM % Rank
Stocks 		97.37% 89.22% 105.20% 60.73%
Cash 		11.43% 0.00% 11.43% 0.26%
Preferred Stocks 		1.96% 0.00% 10.21% 3.40%
Other 		0.00% -0.31% 3.89% 86.39%
Convertible Bonds 		0.00% 0.00% 2.45% 86.88%
Bonds 		0.00% 0.00% 0.03% 86.65%

Stock Sector Breakdown

Weighting Return Low Return High IMOM % Rank
Industrials 		18.55% 0.68% 31.28% 22.57%
Financial Services 		17.36% 0.00% 38.62% 20.73%
Basic Materials 		13.27% 0.00% 23.15% 5.51%
Energy 		10.74% 0.00% 24.97% 3.41%
Utilities 		7.83% 0.00% 9.05% 0.52%
Consumer Cyclical 		7.43% 0.00% 46.28% 84.25%
Technology 		7.17% 1.51% 38.21% 96.33%
Consumer Defense 		6.15% 0.00% 25.77% 68.77%
Healthcare 		6.11% 1.36% 29.58% 92.39%
Communication Services 		4.10% 0.00% 41.13% 48.82%
Real Estate 		1.29% 0.00% 6.64% 16.01%

Stock Geographic Breakdown

Weighting Return Low Return High IMOM % Rank
Non US 		93.40% 0.00% 99.95% 12.83%
US 		3.97% 0.00% 99.87% 90.58%

IMOM - Expenses

Operational Fees

IMOM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.01% 13.07% 96.84%
Management Fee 0.39% 0.00% 1.50% 8.38%
12b-1 Fee 0.00% 0.00% 1.00% 10.34%
Administrative Fee N/A 0.03% 0.80% N/A

Sales Fees

IMOM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IMOM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IMOM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 99.00% 7.00% 149.00% 96.12%

IMOM - Distributions

Dividend Yield Analysis

IMOM Category Low Category High IMOM % Rank
Dividend Yield 2.79% 0.00% 12.70% 0.24%

Dividend Distribution Analysis

IMOM Category Low Category High Category Mod
Dividend Distribution Frequency None Annual SemiAnnual Annual

Net Income Ratio Analysis

IMOM Category Low Category High IMOM % Rank
Net Income Ratio 0.84% -1.69% 3.16% 19.05%

Capital Gain Distribution Analysis

IMOM Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Annually

Distributions History

View More +

IMOM - Fund Manager Analysis

Managers

Wesley Gray

Start Date

Tenure

Tenure Rank

Dec 22, 2015

6.44

6.4%

Wesley R.Gray, Ph.D. has studied and been an active participant in financial markets throughout his career. After serving as a Captain in the USMC, Dr. Gray received a PhD, and was a finance professor at Drexel University. Dr. Gray's interest in entrepreneurship and behavioral finance led him to found Alpha Architect, LLC, an SEC-registered Investment Advisor, where he is the Executive Managing Member. Dr. Gray has published two books: Embedded: A Marine Corps Adviser Inside the Iraqi Army and Quantitative Value: A practitioner's guide to Automating Intelligent Investment and Eliminating Behavioral Errors. His work has been highlighted on CNN, NPR, Motley Fool, WSJ Market Watch, CFA Institute, Institutional Investor, and CBS news. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from the Wharton School at the University of Pennsylvania

John Vogel

Start Date

Tenure

Tenure Rank

Dec 22, 2015

6.44

6.4%

Dr. Vogel is a Managing Member of Empowered Funds, LLC and Empiritrage, where he heads the research department and assists in business development and operations. Dr. Vogel conducts research in empirical asset pricing and behavioral finance, and has collaborated with Dr. Gray on multiple projects. His academic experience involves being an instructor and research assistant at Drexel University in both the Finance and Mathematics departments. Dr. Vogel received a Ph.D. in Finance from Drexel University. He has a M.S. in Mathematics from Drexel University, and graduated summa cum laude with a B.S. in Mathematics and Education from The University of Scranton. Dr. Vogel holds the Series 65 license.

Brandon Koepke

Start Date

Tenure

Tenure Rank

Jun 26, 2020

1.93

1.9%

Mr. Brandon Koepke serves as Chief Technology Officer & Portfolio Manager. Mr. Koepke has a BSc in Computer Science specializing in Software Engineering at the University of Calgary and a BComm in Finance from the Haskayne School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.94 7.77 20.01

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