Australian Momentum ETF
Overview
Fund objective
MTUM aims to track the performance of an index (before fees and expenses) comprising a portfolio of Australian companies with above average momentum scores, as measured by risk-adjusted returns.
Fund strategy
MTUM’s index ranks 200 of the largest stocks on the ASX by their 6- and 12-month risk-adjusted returns and selects the top 50 stocks based on those rankings at each selection day. This selection process is repeated every two months. The final portfolio comprises the top 50 stocks selected on each of the last four selection days. This typically results in a portfolio of around 90 stocks with a mix of partial and full weighting allocations depending on how consistently each stock has ranked in the top 50 over the four selection days. Any stock that is ranked in the lowest 10% based on its 6-month total return at the latest selection day is removed from the final portfolio. For full details of MTUM’s index methodology, please refer to the PDS.
Benefits
Proven investment approach
Momentum investing is a proven approach that seeks to identify stocks that show a recent trend of outperforming the broad market, based on the theory that such trends are likely to persist.
Portfolio diversification
Momentum investing provides a unique return profile that can be used in combination with other active and passive equity funds.
Convenient, systematic way to implement momentum investing
Momentum investing can be difficult to implement and is susceptible to human bias. MTUM’s index is purely rules-based, prioritising stocks with strong and consistent momentum, while cutting the worst performers quickly.
How to use in a portfolio
As a complement to other equity exposures.
Invest in MTUM with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 150,000 |
|---|---|
| Management fee and cost** (p.a.) | 0.35% |
| Distribution frequency | Semi-annual |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
* As at 12 December 2024
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 12 December 2024 |
| NAV/Unit* | $27.15 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | MTUM |
|---|---|
| Bloomberg code | MTUM AU |
| IRESS code | MTUM.AXW |
| iNAV IRESS code | YMTU |
| Market makers | Citigroup Global Markets Australia Pty Limited |
Index information
| Index | Solactive Australia Momentum Select Index |
|---|---|
| Index provider | Solactive AG |
| Index ticker | N/A |
| Bloomberg index ticker | SOLAUMST Index |
Performance
Fund returns after fees (%)
| Fund | Index | S&P/ASX 200 | |
|---|---|---|---|
| 1 month | 6.69% | 6.75% | 3.79% |
| 3 months | 9.27% | 9.43% | 5.47% |
| 6 months | - | 16.37% | 11.53% |
| 1 year | - | 33.18% | 23.42% |
| 3 year p.a. | - | 10.10% | 9.55% |
| 5 year p.a. | - | 10.67% | 8.28% |
| 10 year p.a. | - | 12.15% | 9.08% |
| Since inception (p.a.) | 11.95% | 12.17% | 8.11% |
| Inception date | 22-Jul-24 | - | - |
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Holdings and allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| COMMONWEALTH BANK OF AUSTRALIA | 10.1 |
| WESTPAC BANKING CORP | 9.6 |
| NATIONAL AUSTRALIA BANK LTD | 9.6 |
| ANZ GROUP HOLDINGS LTD | 9.0 |
| GOODMAN GROUP | 9.0 |
| WESFARMERS LTD | 7.8 |
| MACQUARIE GROUP LTD | 6.1 |
| ARISTOCRAT LEISURE LTD | 2.9 |
| SUNCORP GROUP LTD | 2.5 |
| INSURANCE AUSTRALIA GROUP LTD | 2.1 |
Sector allocation
| Financials | 54.0% |
|---|---|
| Consumer Discretionary | 12.3% |
| Real Estate | 11.4% |
| Health Care | 5.7% |
| Industrials | 4.5% |
| Information Technology | 4.2% |
| Materials | 3.8% |
| Communication Services | 2.0% |
| Consumer Staples | 1.0% |
| Other | 1.0% |
* As of 29 November 2024
Distributions
Frequency and yield
| Distribution frequency | Semi-annual |
|---|
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| - | - | - | - | - |