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Name

As of 11/04/2024

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

iShares MSCI USA Momentum Factor ETF

MTUM | ETF

$201.32

$10 B

0.87%

$1.76

0.15%

Vitals

YTD Return

29.1%

1 yr return

41.2%

3 Yr Avg Return

2.8%

5 Yr Avg Return

12.3%

Net Assets

$10 B

Holdings in Top 10

42.9%

52 WEEK LOW AND HIGH

$201.7
$144.48
$209.33

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 107.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/04/2024

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

iShares MSCI USA Momentum Factor ETF

MTUM | ETF

$201.32

$10 B

0.87%

$1.76

0.15%

MTUM - Profile

Distributions

  • YTD Total Return 29.1%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 12.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.53%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    iShares MSCI USA Momentum Factor ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Apr 16, 2013
  • Shares Outstanding
    70800000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Greg Savage

Fund Description

The Fund seeks to track the investment results of the MSCI USA Momentum SR Variant Index (the “Underlying Index”), which consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index (the “Parent Index”), as determined by MSCI Inc. (the “Index Provider” or “MSCI”). The Parent Index includes U.S. large- and mid-capitalization stocks, as defined by MSCI. The Underlying Index is designed to measure the performance of an equity momentum strategy by emphasizing stocks with high price momentum, while maintaining reasonably high trading liquidity, investment capacity and moderate index turnover, each as determined by the Index Provider.
MSCI uses an algorithm to determine the components in the Underlying Index based on the number of constituents in the Parent Index. A risk-adjusted price momentum metric, defined by MSCI as the excess return over the risk-free rate (i.e., the 3 Month Treasury Bill Rate)
divided by the annualized standard deviation of weekly returns over the past three years, is calculated for each security in the Parent Index over 6- and 12-month time periods. The 6- and 12-month risk-adjusted price momentum calculations are then standardized at +/- 3 standard deviations and translated into an average momentum score. MSCI selects the 125 securities with the highest positive momentum scores for inclusion in the Underlying Index. The weight of each Underlying Index constituent is determined by multiplying the security’s momentum score by its market capitalization weight in the Parent Index. Additionally, a capping methodology is applied so that each individual issuer is capped at 5% weight at reconstitution. The Index Provider also takes into account certain diversification rules. At reconstitution, if the aggregate weight of stocks representing more than 4.5% weight is greater than 22.5% of the Underlying Index weight, the Underlying Index is rebalanced such that the aggregate weight of stocks greater than 4.5% does not exceed 22.5% of the Underlying Index weight. Between reconstitution dates, if the aggregate weight of stocks representing more than 5% weight is greater than 25% of the Underlying Index weight, the Underlying Index is rebalanced such that the aggregate weight of stocks greater than 4.5% does not exceed 22.5% of the Underlying Index weight.
The Underlying Index is reconstituted quarterly. To determine the constituent changes at each quarterly reconstitution, the Index Provider applies an iterative algorithm to cap the one-way turnover per reconstitution at
30%. As of November 30, 2023, there were 125 securities in the Underlying Index.
As of November 30, 2023, a significant portion of the Underlying Index is represented by securities of companies in the technology, industrials and consumer discretionary industries or sectors. The components of the Underlying Index are likely to change over time.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund
may or may not hold all of the securities in the Underlying Index.
The Fund generally will invest at least 80% of its assets in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index and Parent Index are sponsored by MSCI, which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and Parent Index and publishes information regarding the market value of the Underlying Index and Parent Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same
extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
Read More

MTUM - Performance

Return Ranking - Trailing

Period MTUM Return Category Return Low Category Return High Rank in Category (%)
YTD 29.1% -1.3% 40.0% 10.64%
1 Yr 41.2% 3.7% 56.8% 18.49%
3 Yr 2.8%* -27.9% 23.5% 72.53%
5 Yr 12.3%* -13.9% 29.5% 84.47%
10 Yr 13.1%* -4.9% 19.5% 55.06%

* Annualized

Return Ranking - Calendar

Period MTUM Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -74.1% 72.4% 96.92%
2022 -19.7% -85.9% 4.7% 3.40%
2021 12.7% -52.4% 60.5% 34.82%
2020 28.5% -34.3% 145.0% 41.77%
2019 25.3% -6.9% 49.4% 45.80%

Total Return Ranking - Trailing

Period MTUM Return Category Return Low Category Return High Rank in Category (%)
YTD 29.1% -1.3% 40.0% 10.64%
1 Yr 41.2% 3.7% 56.8% 18.49%
3 Yr 2.8%* -27.9% 23.5% 72.53%
5 Yr 12.3%* -13.9% 29.5% 84.47%
10 Yr 13.1%* -4.9% 19.5% 55.06%

* Annualized

Total Return Ranking - Calendar

Period MTUM Return Category Return Low Category Return High Rank in Category (%)
2023 9.2% -4.6% 72.4% 99.19%
2022 -18.3% -61.7% 5.6% 6.81%
2021 13.4% -39.8% 118.1% 82.27%
2020 29.8% 2.8% 149.2% 71.90%
2019 27.3% -5.2% 49.4% 90.50%

MTUM - Holdings

Concentration Analysis

MTUM Category Low Category High MTUM % Rank
Net Assets 10 B 292 K 287 B 22.57%
Number of Holdings 127 2 3061 16.92%
Net Assets in Top 10 4.37 B 126 K 151 B 26.73%
Weighting of Top 10 42.95% 0.7% 205.0% 80.14%

Top 10 Holdings

  1. NVIDIA CORP 6.73%
  2. BROADCOM INC 6.30%
  3. ELI LILLY CO 5.28%
  4. JPMORGAN CHASE CO 4.72%
  5. AMAZON COM INC 4.52%
  6. META PLATFORMS INC CLASS A 4.31%
  7. COSTCO WHOLESALE CORP 3.14%
  8. GENERAL ELECTRIC CO 3.13%
  9. ADVANCED MICRO DEVICES INC 2.48%
  10. NETFLIX INC 2.34%

Asset Allocation

Weighting Return Low Return High MTUM % Rank
Stocks 		99.68% 0.00% 115.30% 19.98%
Cash 		1.23% 0.00% 173.52% 46.89%
Other 		0.00% -31.50% 50.35% 24.21%
Preferred Stocks 		0.00% 0.00% 10.69% 51.13%
Convertible Bonds 		0.00% 0.00% 1.94% 43.91%
Bonds 		0.00% 0.00% 102.71% 45.54%

Stock Sector Breakdown

Weighting Return Low Return High MTUM % Rank
Healthcare 		29.29% 0.00% 39.76% 0.81%
Energy 		21.03% 0.00% 41.09% 0.72%
Consumer Defense 		17.78% 0.00% 25.50% 1.17%
Technology 		9.19% 0.00% 65.70% 97.93%
Financial Services 		7.14% 0.00% 43.06% 69.61%
Utilities 		4.61% 0.00% 16.07% 2.16%
Industrials 		4.25% 0.00% 30.65% 71.96%
Basic Materials 		2.99% 0.00% 18.91% 17.40%
Real Estate 		2.64% 0.00% 16.05% 21.37%
Consumer Cyclical 		0.96% 0.00% 62.57% 99.10%
Communication Services 		0.12% 0.00% 66.40% 97.84%

Stock Geographic Breakdown

Weighting Return Low Return High MTUM % Rank
US 		99.68% 0.00% 115.30% 14.76%
Non US 		0.00% 0.00% 75.51% 61.30%

MTUM - Expenses

Operational Fees

MTUM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.01% 28.71% 97.47%
Management Fee 0.15% 0.00% 1.50% 3.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

MTUM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MTUM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

MTUM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 107.00% 0.00% 316.74% 90.00%

MTUM - Distributions

Dividend Yield Analysis

MTUM Category Low Category High MTUM % Rank
Dividend Yield 0.87% 0.00% 27.58% 26.13%

Dividend Distribution Analysis

MTUM Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Annual Annual

Net Income Ratio Analysis

MTUM Category Low Category High MTUM % Rank
Net Income Ratio 0.53% -6.13% 3.48% 5.80%

Capital Gain Distribution Analysis

MTUM Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

MTUM - Fund Manager Analysis

Managers

Greg Savage

Start Date

Tenure

Tenure Rank

Apr 16, 2013

9.13

9.1%

Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.

Jennifer Hsui

Start Date

Tenure

Tenure Rank

Apr 16, 2013

9.13

9.1%

Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Amy Whitelaw

Start Date

Tenure

Tenure Rank

Nov 29, 2018

3.5

3.5%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Paul Whitehead

Start Date

Tenure

Tenure Rank

Jan 01, 2022

0.41

0.4%

Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.23 3.08

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