Symbols

MTUM

iShares MSCI USA Momentum Factor ETF·CBOE

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Key Stats

Assets Under Management

19.99BUSD

Fund Flow (1Y)

3.79BUSD

Dividend Yield

0.85%

Discount / Premium to NAV

-0.11%

Shares Outstanding

84.70M

Expense Ratio

0.15%

About iShares MSCI USA Momentum Factor ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/251614/ishares-msci-usa-momentum-factor-etf

Inception Date

Apr 16, 2013

Structure

Open-Ended Fund

Index Tracked

MSCI USA Momentum SR Variant Index

Management Style

Passive

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.