iShares MSCI Intl Momentum Factor ETF
IMTM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Jan 27, 2015
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares MSCI Intl Momentum Factor ETF (IMTM) is an exchange-traded fund that seeks to track the investment results of the MSCI World ex USA Momentum Index, which measures the performance of international developed large- and mid-capitalization stocks exhibiting relatively higher price momentum characteristics. The fund provides exposure to equities selected from the MSCI World ex USA Index parent, emphasizing a risk-adjusted momentum strategy based on 6- and 12-month excess returns over the risk-free rate divided by the annualized standard deviation of weekly returns over the past three years; it holds approximately 301 securities across sectors including financials (37.24%), industrials (17.18%), communication (9.04%), and information technology (7.11%), with top holdings such as SAP SE (3.71%), Commonwealth Bank of Australia (2.39%), Allianz SE (2.12%), Sony Group Corp (2.00%), and Rheinmetall AG (1.99%). Launched on January 13, 2015, and managed by BlackRock, Inc., with headquarters in New York, New York, the ETF trades on the NYSE Arca exchange under ticker IMTM (CUSIP 46434V449), features a net expense ratio of 0.30%, and as of mid-2025 maintains net assets exceeding $3 billion primarily in non-U.S. stocks (97.14%) across developed markets in Europe, Asia-Pacific, and Canada. In a significant methodological update effective August 27, 2025, the underlying index shifted to quarterly reconstitution and rebalancing from semi-annual, introducing a 50% turnover buffer applied to weight changes for relevant securities (excluding deletions) to enhance stability and capacity while preserving high momentum exposure; weights are determined by multiplying momentum scores by parent index market-cap weights, capped at 5% per issuer, then normalized post-buffer. This change, detailed in a July 28, 2025 SEC Form 497 supplement by iShares Trust, aims to better reflect momentum factor performance amid evolving market dynamics without altering the fund's core objective or introducing ESG constraints. The ETF targets institutional and retail investors seeking factor-based international equity allocation, complementing broader market-cap strategies with historical momentum premiums, and operates without front-end loads, deferred loads, or minimum initial investments.