MTUM ETF — Holdings & Analysis

With an expense ratio of 0.15%, MTUM offers exposure to U.S. equities with a focus on companies demonstrating strong upward price trends. The fund's momentum-driven strategy differentiates it from broad market ETFs, potentially offering higher growth but also increased volatility. Past performance does not guarantee future results.

iShares MSCI USA Momentum Factor ETF (MTUM) ETF — Price, Holdings & Analysis

The iShares MSCI USA Momentum Factor ETF (MTUM) is a $20.59 billion fund that seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum. With an expense ratio of 0.15%, MTUM offers exposure to U.S. equities with a focus on companies demonstrating strong upward price trends. The fund's momentum-driven strategy differentiates it from broad market ETFs, potentially offering higher growth but also increased volatility. Past performance does not guarantee future results.

ETF Overview

The iShares MSCI USA Momentum Factor ETF seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum.

MTUM aims to capture the performance of U.S. companies exhibiting high momentum characteristics. The ETF tracks an index that identifies stocks with strong recent price appreciation. This strategy leads to a portfolio that is rebalanced periodically to maintain exposure to the current leaders in momentum. As of 2026-03-15, MTUM's top holdings include Micron Technology Inc (4.95%), Broadcom Inc (4.61%), and NVIDIA Corp (4.59%), reflecting a significant allocation to the technology sector. The fund's sector allocation is heavily weighted towards Technology (40.7%), followed by Industrials (14.3%) and Financial Services (10.7%). This concentration reflects the sectors where momentum has been strongest. MTUM is designed for investors seeking to outperform the broad market by focusing on stocks with upward price trends, accepting the potential for higher volatility associated with momentum investing. Past performance does not guarantee future results.

Risk Metrics

MTUM's focus on momentum stocks introduces specific risks. Momentum strategies can be volatile, as stocks that have performed well may not continue to do so. The ETF's beta of 1.14 indicates that it is more volatile than the overall market. The significant allocation to the Technology sector (40.7%) exposes the fund to sector-specific risks. A downturn in the technology sector could disproportionately impact MTUM's performance. While the expense ratio of 0.15% is relatively low, it still represents a cost that can slightly detract from returns over time. The fund's concentration in its top holdings, with Micron Technology Inc at 4.95%, also introduces concentration risk. Investors should be aware of these factors when considering MTUM. Past performance does not guarantee future results.

Expense Ratio

0.15%

What does MTUM hold?

Holding	Weight
Micron Technology Inc (MU)	4.95%
Broadcom Inc (AVGO)	4.61%
NVIDIA Corp (NVDA)	4.59%
Johnson & Johnson (JNJ)	4.53%
Exxon Mobil Corp (XOM)	3.78%
Lam Research Corp (LRCX)	3.65%
JPMorgan Chase & Co (JPM)	3.07%
Caterpillar Inc (CAT)	2.98%
Walmart Inc (WMT)	2.98%
Alphabet Inc Class A (GOOGL)	2.66%

How Is the Fund Allocated?

Sector	Weight
Technology	40.7%
Industrials	14.3%
Financial Services	10.7%
Healthcare	8.5%
Communication Services	6.1%
Consumer Cyclical	4.0%
Utilities	3.9%
Energy	3.9%
Consumer Defensive	3.6%
Basic Materials	2.0%
Real Estate	2.0%
Cash & Others	0.3%

Country	Weight
United States	97.8%
Ireland	1.5%
Switzerland	0.4%
Other	0.3%
Singapore	0.1%
Australia	0.1%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

iShares Russell 2000 ETF (IWM) (Equity) — 0.19% expense ratio
iShares MSCI Emerging Markets ETF (EEM) (Equity) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) (Equity) — 0.32% expense ratio
iShares MSCI Emerging Markets Small-Cap ETF (EEMS) (Equity) — 0.72% expense ratio
iShares FinTech Active ETF (BPAY) (Equity) — 0.66% expense ratio
iShares Blockchain and Tech ETF (IBLC) (Equity) — 0.47% expense ratio

Risk Metrics

Beta: 1.14

Questions & Answers

What is MTUM and what does it track?

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that aims to track the investment results of the MSCI USA Momentum Factor Index. This index is composed of U.S.

large- and mid-capitalization stocks that exhibit relatively higher price momentum. In practice, MTUM invests in a portfolio of approximately 125 U.S.

What is the expense ratio for MTUM?

The expense ratio for the iShares MSCI USA Momentum Factor ETF (MTUM) is 0.15%. This means that for every $10,000 invested in the fund, the annual cost is $15.

This expense ratio covers the fund's operating expenses, including management fees and administrative costs.

What are the top holdings in MTUM?

As of 2026-03-15, the top holdings in the iShares MSCI USA Momentum Factor ETF (MTUM) include Micron Technology Inc (4.95%), Broadcom Inc (4.61%), NVIDIA Corp (4.59%), Johnson & Johnson (4.53%), and Exxon Mobil Corp (3.78%).

These holdings represent a significant portion of the fund's total assets.

Is MTUM a good long-term investment?

Whether MTUM is a suitable long-term investment depends on an individual investor's goals, risk tolerance, and investment horizon. MTUM offers exposure to the momentum factor, which can lead to periods of outperformance but also increased volatility.

The fund's expense ratio of 0.15% is relatively low, which can benefit long-term returns.

How does MTUM compare to similar ETFs?

MTUM competes with other momentum-focused ETFs in the market. MTUM has $20.59 billion in assets under management, making it one of the largest ETFs in its category. Its expense ratio of 0.15% is competitive with other momentum ETFs.

MTUM's strategy focuses on U.S.

Does MTUM pay dividends?

The iShares MSCI USA Momentum Factor ETF (MTUM) has a dividend yield of 0.00% as of 2026-03-15. This indicates that the fund does not currently distribute dividends to its shareholders.

The fund's focus on growth stocks, which tend to reinvest earnings rather than pay dividends, contributes to its low dividend yield.