Invesco S&P International Developed Momentum ETF
IDMO
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- Invesco S&P International Developed Momentum ETF (IDMO) is an exchange-traded fund that seeks to track the performance of the S&P World Ex-U.S. Momentum Index by investing at least 90% of its total assets in securities comprising the index. The index selects large- and mid-cap stocks from developed markets excluding the United States and South Korea, choosing those with the highest momentum scores based on recent price performance and weighting them by momentum scaled by market capitalization; the fund and index are reconstituted and rebalanced semi-annually on the third Friday of March and September. IDMO offers investors exposure to high-momentum equities across sectors including financials (approximately 50%), industrials (19%), consumer staples (6%), and communication services (6%), with top country allocations to Canada (18%), the United Kingdom (17%), Germany (15%), and Spain (8%). Launched on February 24, 2012, and domiciled in the United States, IDMO is issued and managed by Invesco Capital Management LLC, a subsidiary of Invesco Ltd., with headquarters in Atlanta, Georgia; the fund maintains a net expense ratio of 0.25% and as of late 2025 manages approximately $2.07 billion in assets. Top holdings typically include companies such as Rolls-Royce Holdings PLC, HSBC Holdings PLC, Rheinmetall AG, Banco Santander SA, and Allianz SE, reflecting its focus on momentum-driven international developed market leaders. The fund trades on the NYSE Arca exchange and is available to investors in the United States seeking foreign large-blend exposure with momentum characteristics. In a significant recent development effective after the close of business on May 21, 2024, the underlying index changed its name from the S&P Momentum Developed ex-U.S. & South Korea LargeMidCap Index to the S&P World Ex-U.S. Momentum Index, while retaining the same methodology and composition. IDMO continues to deliver strong performance, with year-to-date NAV returns exceeding 31% as of mid-2025 and a 5-star Morningstar rating across 3-, 5-, and 10-year periods in the Foreign Large Blend category as of August 31, 2025. Amid Invesco Ltd.'s broader ETF expansion, including multiple active ETF launches in 2025 such as the Invesco QQQ Hedged Advantage ETF and fixed income strategies, IDMO benefits from the issuer's ongoing innovation in the ETF space without direct structural changes to the fund itself.