What is MMTM?

MMTM tracks a tiered index that weights securities from the S&P 1500 according to a combination of their market capitalization and their price momentum over the previous 12 months.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MMTM 2.05% 7.40% 1.37% -9.38% 7.36% 8.68% 12.20%
MMTM (NAV) 2.05% 7.49% 1.37% -9.38% 7.36% 8.54% 12.29%
S&P 1500 Positive Momentum Tilt Index 2.04% 7.53% 1.37% -9.25% 7.48% 8.67% 12.48%
MSCI USA IMI 4.55% 9.07% 3.99% -10.08% 7.53% 8.71% 12.16%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MMTM Factset Analytics Insight

MMTM offers a momentum play on stocks from the S&P Composite 1500 index — a cap-weighted combination of the S&P 500 index, the S&P MidCap 400 index, and the S&P SmallCap 600 index. It applies an alternative weighting methodology that overweights the recent best-performing stocks at the expense of the poorest. It does so by ranking stocks by their trailing 11-month performance before breaking them into 20 groups. These sub-portfolios each have the same weight, but stocks within them are weighted by market-cap. Since the portfolio is rebalanced quarterly, the exposure is more dynamic than cap-weighted funds, and sector exposures will oscillate more.

MMTM Summary Data

10/24/12
0.12%
$80.18M
MSCI USA IMI
Open-Ended Fund

Peers

MSCI USA IMI

Fund Flows

$0.00B 5 Days
+$0.00B 30 Days
+$0.00B 90 Days

MMTM Portfolio Data

$412.77B
17.96
3.98
1.65%
N/A
1,447

MMTM Index Data

Tiered
Market Cap
MSCI USA IMI

MMTM Portfolio Management

0.12%
-0.12%
-0.08%
-0.83%

MMTM Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

MMTM Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 01/23/23

This measurement shows how easy it is to trade a $1 million USD block of MMTM. MMTM is rated a 5 out of 5.

MMTM Tradability

3,769
$640.30K
1,975
$339.79K
0.12%
$0.20
-0.06%
0.31% / -2.05%
None
100.00%
25,000
0.08
0.06%
0.00%
0
$169.52
5

MMTM Sector/Industry Breakdown

MMTM Segment
Benchmark
14.86% --
14.23% --
11.25% --
8.57% --
8.38% --
7.11% --
5.27% --
4.56% --
4.42% --
4.40% --

MMTM Performance Statistics

0.97
0.92
0.90
0.97
0.31%
MSCI USA IMI

MMTM Countries

MMTM Segment
Benchmark
99.96% 99.91%
-- 0.09%

MMTM Regions

MMTM Segment
Benchmark
99.96% 100.00%

MMTM Economic Development

MMTM Segment
Benchmark
99.96% 100.00%
0.00% 0.00%

MMTM Benchmark Comparison Holdings

1,447
2573
1,440
71.47%

MMTM Benchmark Comparison Summary

MMTM Segment
Benchmark
1,447 2573
$412.77B $406.99B
17.96 20.26
3.98 3.74
1.74% 1.51%
Low Low

MMTM Benchmark Comparison Market Cap Size

MMTM Segment
Benchmark
90.87% 87.05%
7.59% 10.14%
1.45% 2.57%
0.04% 0.23%