IDMO
Invesco S&P International Developed Momentum ETF
The Invesco S&P International Developed Momentum Portfolio is based on the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, which tracks the performance of stocks in the S&P Developed ex U.S. & South Korea LargeMidCap Index that have the highest momentum score.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
245.2 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 23, 2012 |
| Assets (mns) | $245 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Momentum |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NOVO NORDISK A/S-B | 8.9 % |
| TOYOTA MOTOR CORP | 5.0 % |
| SAP AG | 4.9 % |
| HITACHI LTD | 2.9 % |
| MITSUBISHI CORP | 2.3 % |
| MITSUBISHI UFJ FINANCIAL GRO | 2.2 % |
| TOKYO ELECTRON LTD | 1.9 % |
| REED ELSEVIER PLC | 1.9 % |
| ITOCHU CORP | 1.8 % |
| ROLLS-ROYCE GROUP PLC | 1.8 % |
Constituent Breakdown
| Number of holdings | 196 |
| Herfindahl-Hirschman Index | 209 |
| Wgt avg mkt cap (mns) | $117,727 |
| Large cap (>$10bn) | 88.8% |
| Mid cap ($2-10bn) | 11.0% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 54.8 % |
 |
DENMARK | 9.2 % |
 |
BRITAIN | 7.5 % |
 |
GERMANY | 6.5 % |
 |
ITALY | 4.1 % |
 |
FRANCE | 3.7 % |
 |
CANADA | 3.6 % |
 |
SPAIN | 2.5 % |
 |
AUSTRALIA | 1.7 % |
 |
NETHERLANDS | 1.4 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.2% | 31.4% | 24.3% | 9.8% | 13.6% | 6.2% | 7.1% | Volatility | 12.9% | 13.2% | 16.0% | 17.1% | 19.7% | 22.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 80% |
| MSCI EAFE | 0.89 | 86% |
| MSCI Emg Mkts | 0.68 | 49% |
Liquidity Measures
| Avg. volume (000) | 50 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $13,752 |
Technical Indicators
| Recent close | $40.53 |
| 30d moving avg. | $41.61 |
| Annualized volatility | 16.8% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IDMO |
Expenses vs. IDMO |
ALTAR Score™ vs. IDMO |
|---|---|---|---|---|
| IMTM | iShares MSCI Intl Momentum Factor ETF | 56.3% | +5 bp | -1.0% |
| EWJ | iShares MSCI Japan ETF | 49.4% | +25 bp | -0.4% |
| BBJP | JPMorgan BetaBuilders Japan ETF | 48.9% | -6 bp | 0.0% |
| DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 48.6% | +22 bp | -0.2% |
| FLJP | Franklin FTSE Japan ETF | 47.9% | -16 bp | 0.0% |
| FLJH | Franklin FTSE Japan Hedged ETF | 47.8% | -16 bp | +0.0% |
| GSJY | Goldman Sachs ActiveBeta Japan Equity ETF | 46.9% | 0 bp | +0.8% |
| JPXN | iShares JPX-Nikkei 400 ETF | 44.0% | +23 bp | +0.3% |
| DXJ | WisdomTree Japan Hedged Equity Fund | 38.5% | +23 bp | +1.1% |
| IMFL | Invesco International Developed Dynamic Multifactor ETF | 36.8% | +9 bp | -1.4% |
Risk and Returns: IDMO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IDMO
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
IDMO
7.9%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 256 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.7%. IDMO's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places IDMO in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IDMOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| IDMO (25 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IDMO | 25.0 | 23.3 | 48.3 |
| Peer Avg. | 42.2 | 29.2 | 71.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .