IMOM
Alpha Architect International Quantitative Momentum ETF
The MomentumShares International Quantitative Momentum ETF is an actively managed fund that uses quantitative analysis to build a portfolio of International stocks exhibiting positive price momentum.
International
EQUITY
Active
MANAGEMENT STYLE
80.7 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 22, 2015 |
| Assets (mns) | $81 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ROUND ONE CORP | 2.4 % |
| KAWASAKI HEAVY INDUSTRIES | 2.2 % |
| INTESA SANPAOLO S.P.A. | 2.1 % |
| SAIPEM S.P.A. | 2.1 % |
| COMMERZBANK AG | 2.1 % |
| RECRUIT HOLDINGS CO LTD | 2.1 % |
| NORTHERN STAR RESOURCES LTD | 2.1 % |
| MEDIOBANCA SPA | 2.1 % |
| TOMY COMPANY LTD | 2.1 % |
| NS SOLUTIONS CORP | 2.1 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 200 |
| Wgt avg mkt cap (mns) | $38,585 |
| Large cap (>$10bn) | 63.8% |
| Mid cap ($2-10bn) | 34.1% |
| Small cap (<$2bn) | 2.1% |
| Developed mkts. | 97.6% |
| Emerging mkts. | 2.4% |
Country Exposure
 |
JAPAN | 28.3 % |
 |
AUSTRALIA | 19.6 % |
 |
ITALY | 10.2 % |
 |
GERMANY | 8.0 % |
 |
BRITAIN | 7.9 % |
 |
ISRAEL | 4.0 % |
 |
SWEDEN | 3.9 % |
 |
SINGAPORE | 2.0 % |
 |
LUXEMBOURG | 2.0 % |
 |
FRANCE | 2.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.2% | 7.9% | 5.6% | -3.6% | 3.1% | -- | 2.5% | Volatility | 17.4% | 16.9% | 17.0% | 19.3% | 22.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 77% |
| MSCI EAFE | 1.04 | 89% |
| MSCI Emg Mkts | 0.76 | 47% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.33% |
| ADV of underlying (mns) | $6,445 |
Technical Indicators
| Recent close | $27.83 |
| 30d moving avg. | $28.18 |
| Annualized volatility | 19.2% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 2.0% |
| 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. IMOM |
Expenses vs. IMOM |
ALTAR Score™ vs. IMOM |
|---|---|---|---|---|
| IDMO | Invesco S&P International Developed Momentum ETF | 21.5% | -24 bp | -0.8% |
| IMTM | iShares MSCI Intl Momentum Factor ETF | 19.2% | -19 bp | -0.4% |
| FPA | First Trust Asia Pacific ex-Japan AlphaDEX Fund | 14.6% | +31 bp | +1.2% |
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | 14.2% | +31 bp | -3.6% |
| EAFG | Pacer Developed Markets Cash Cows Growth Leaders ETF | 13.8% | +16 bp | -2.5% |
| EFG | iShares MSCI EAFE Growth ETF | 12.8% | -13 bp | -2.3% |
| EWA | iShares MSCI Australia ETF | 11.7% | +1 bp | -1.5% |
| FJP | First Trust Japan AlphaDEX Fund | 11.5% | +31 bp | +4.1% |
| EPP | iShares MSCI Pacific ex-Japan ETF | 11.1% | -2 bp | -1.5% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 10.1% | +31 bp | +2.7% |
Risk and Returns: IMOM 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 12/23/2024
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
IMOM
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™
IMOM
6.8%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. IMOM's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places IMOM in the 40th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IMOMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active International Equity ETFs |
| # of ETFs | 38 |
| Avg. Expense Ratio | 56.2 bp |
| Std. Deviation | 24 bp |
| IMOM (49 bp) Percentile rank | 38 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IMOM | 49.0 | 33.4 | 82.4 |
| Peer Avg. | 61.3 | 28.5 | 89.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .