iShares MSCI Intl Momentum Factor ETF

The iShares MSCI Intl Momentum Factor ETF (IMTM), managed by BlackRock, Inc. and traded on NYSE Arca, 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. Launched on January 13, 2015, the fund provides factor-based exposure to equities selected from developed markets outside the United States — spanning Europe, Asia-Pacific, and Canada — weighting holdings by combining momentum scores with parent index market-cap weights, with the top holdings including names such as SAP SE, Rolls-Royce Holdings, and Rheinmetall AG across approximately 300 securities. With net assets exceeding $4 billion, a net expense ratio of 0.30%, and a semi-annual dividend distribution, IMTM targets both institutional and retail investors seeking to complement broader market-cap strategies with historically documented momentum premiums in international equity markets. The fund employs a rules-based, systematic methodology — scoring stocks on risk-adjusted 6- and 12-month excess returns — and underwent a significant index update in August 2025, shifting to quarterly reconstitution with a 50% turnover buffer to enhance portfolio stability and capacity while preserving high momentum exposure.