Overview
US large and mid-caps with the strongest recent price momentum, rebalanced twice a year — a systematic bet that winners keep winning.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| NVDA | NVIDIA Corporation | 6.2% |
| AVGO | Broadcom Inc. | 5.4% |
| META | Meta Platforms | 4.8% |
| JPM | JPMorgan Chase | 4.4% |
| LLY | Eli Lilly | 4.0% |
| COST | Costco Wholesale | 3.6% |
| NFLX | Netflix Inc. | 3.2% |
| GE | GE Aerospace | 2.8% |
| WMT | Walmart Inc. | 2.6% |
| AMAT | Applied Materials | 2.4% |
Fund Details
Investment Thesis
Momentum is the most stubborn anomaly in finance — decades of data across every market show recent winners outperforming, in defiance of theory. MTUM harvests it mechanically, reshuffling into whatever has led the past 6-12 months. The known cost is the turn: when leadership rotates violently (2009, 2023), momentum crashes hard before reloading. Its +27.7% year reflects a portfolio that rode the AI winners with discipline no human stock-picker matches.
Who It's For
Factor investors who want systematic trend exposure without chart-watching, and who can stomach the strategy's characteristic whipsaw when regimes change. Pairs well with value funds, whose cycles are naturally opposite.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $74.85 | -- |
| 2017 | $103.14 | +37.8% |
| 2018 | $101.49 | -1.6% |
| 2019 | $129.20 | +27.3% |
| 2020 | $167.83 | +29.9% |
| 2021 | $190.15 | +13.3% |
| 2022 | $155.35 | -18.3% |
| 2023 | $169.64 | +9.2% |
| 2024 | $224.78 | +32.5% |
| 2025 | $265.24 | +18.0% |
| Year | Yield |
|---|---|
| 2016 | 0.95% |
| 2017 | 0.98% |
| 2018 | 0.90% |
| 2019 | 0.93% |
| 2020 | 0.85% |
| 2021 | 0.88% |
| 2022 | 0.80% |
| 2023 | 0.82% |
| 2024 | 0.75% |
| 2025 | 0.75% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $3.0B | -- |
| 2017 | $3.7B | +23.3% |
| 2018 | $4.6B | +24.3% |
| 2019 | $5.7B | +23.9% |
| 2020 | $7.0B | +22.8% |
| 2021 | $8.7B | +24.3% |
| 2022 | $11B | +26.4% |
| 2023 | $13B | +18.2% |
| 2024 | $16B | +23.1% |
| 2025 | $20B | +25.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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