MTUM ETF Analysis: Holdings, Fees, Inception, Sectors, And Portfolio Role

Investor Checklist

• Issuer and listing venue: BlackRock, BATS.
• Launch date and fee: Apr 16, 2013, 0.15%.
• Portfolio size and concentration: 129 holdings, with the top 10 at 43.14%.
• Primary exposure: Equity; Large Blend; North America; Index: MSCI USA Momentum SR Variant Index
• Best use case: Factor or style sleeve that can complement a broad index fund and change portfolio exposure by valuation, growth, dividend, or quality profile.
• Main risk to respect: The key risk is that MTUM's stated diversification may not protect investors if its dominant exposure, largest holdings, or main macro factor reverses. Current top-10 concentration is 43.14%.

MTUM Investor Snapshot

MTUM is iShares MSCI USA Momentum Factor ETF, issued by BlackRock. It is best understood as a core U.S. equity building block. The fund has $25.26B in AUM, charges 0.15%, holds 129 holdings, and has top-10 concentration of 43.14%. Its largest listed holdings include Micron Technology, Inc. (7.30%), Broadcom Inc. (5.16%), NVIDIA Corporation (4.98%).

MTUM ETF Facts: Launch Date, Issuer, Fee, Assets, And Strategy

MTUM is iShares MSCI USA Momentum Factor ETF. Issuer: BlackRock. Exchange: BATS. Inception: Apr 16, 2013. Expense ratio: 0.15%. AUM: $25.26B. Mandate or tracked index: MSCI USA Momentum SR Variant Index

MTUM Top Holdings And Concentration

Holdings snapshot: May 19, 2026. MTUM has 129 holdings. The top 10 positions account for 43.14%, so investors should read the fund through its largest holdings first rather than assuming every ETF is equally diversified.

• $MU - Micron Technology, Inc.: 7.30%
• $AVGO - Broadcom Inc.: 5.16%
• $NVDA - NVIDIA Corporation: 4.98%
• $AMD - Advanced Micro Devices, Inc.: 4.57%
• $INTC - Intel Corporation: 4.36%
• $LRCX - Lam Research Corporation: 3.72%
• $JNJ - Johnson & Johnson: 3.65%
• $XOM - Exxon Mobil Corporation: 3.51%
• $CAT - Caterpillar Inc.: 3.01%
• $GOOGL - Alphabet Inc.: 2.88%

MTUM Sector And Industry Exposure

MTUM exposure summary: Equity; Large Blend; North America; Index: MSCI USA Momentum SR Variant Index. These exposures explain what investors actually own after buying the ETF. A broad fund is usually driven by sector weights and mega-cap leadership; a sector or thematic fund is driven by the industry cycle; a bond or alternative asset fund is driven by macro variables rather than company earnings.

• Financials: 18.47%. Sector weight from the latest public ETF holdings snapshot.
• Technology: 18.43%. Sector weight from the latest public ETF holdings snapshot.
• Communication Services: 13.65%. Sector weight from the latest public ETF holdings snapshot.
• Consumer Staples: 12.29%. Sector weight from the latest public ETF holdings snapshot.
• Industrials: 10.35%. Sector weight from the latest public ETF holdings snapshot.
• Consumer Discretionary: 9.55%. Sector weight from the latest public ETF holdings snapshot.
• Health Care: 6.32%. Sector weight from the latest public ETF holdings snapshot.
• Other: 4.60%. Sector weight from the latest public ETF holdings snapshot.
• Utilities: 2.51%. Sector weight from the latest public ETF holdings snapshot.
• Energy: 2.04%. Sector weight from the latest public ETF holdings snapshot.

MTUM Fees, Liquidity, And Product Structure

MTUM trades on BATS. The stated expense ratio is 0.15%, and current AUM is $25.26B. Lower fees matter most for long holding periods, while AUM and trading depth matter when investors place larger orders or need reliable execution during volatile sessions.

MTUM Return Drivers: What Has To Go Right

The return drivers for MTUM are corporate earnings growth, valuation multiples, dividends, market breadth, and mega-cap leadership. That matters because two ETFs can both look diversified but respond to very different conditions. For MTUM, investors should compare price performance with the fund's dominant exposure, the largest holdings, and the macro factor behind the category.

MTUM Current Market Theme

iShares MSCI USA Momentum Factor ETF is a Large Blend ETF with $25.26B in AUM, 129 holdings, top-10 concentration of 43.14%, and a leading exposure to Financials (18.47%). The largest holdings include Micron Technology, Inc. (7.30%), Broadcom Inc. (5.16%), NVIDIA Corporation (4.98%).

When MTUM Tends To Work

MTUM tends to work when corporate earnings growth, valuation multiples, dividends, market breadth, and mega-cap leadership are moving in the fund's favor.

MTUM Portfolio Role: Core Holding Or Satellite Position?

Factor or style sleeve that can complement a broad index fund and change portfolio exposure by valuation, growth, dividend, or quality profile. In practical portfolio terms, MTUM should be sized according to whether it is replacing broad market exposure, adding a factor tilt, expressing a sector view, or hedging a macro risk. The more concentrated the fund, the less it should be treated as a complete portfolio by itself.

MTUM Key Risks Investors Should Watch

The main risks are specific enough to check before buying, not generic ETF fine print.

• Market risk: MTUM can fall with its asset class even when the fund structure works as designed.
• Concentration risk: top-10 weight is 43.14%, which is high for an ETF in this category.
• Exposure risk: the main exposure is Equity; Large Blend; North America; Index: MSCI USA Momentum SR Variant Index
• Fee and trading risk: expense ratio is 0.15%; investors should still check spread, volume, and premium/discount before large orders.
• Thesis risk: The key risk is that MTUM's stated diversification may not protect investors if its dominant exposure, largest holdings, or main macro factor reverses. Current top-10 concentration is 43.14%.

Who MTUM Is Suitable For

MTUM can be useful, but the right investor depends on time horizon, existing overlap, and drawdown tolerance.

• More suitable for investors who need a core U.S. equity building block.
• More suitable for investors who understand that MTUM's top holdings and sector exposures can dominate short-term returns.
• Less suitable for investors who need stable cash income unless the fund's underlying asset class is explicitly income-oriented.
• Less suitable for investors already heavily exposed to the same largest holdings or same macro factor.

MTUM What To Monitor Next

MTUM should be reviewed after new holdings files, major market moves, or category-specific catalysts. The most important checks are:

• Holdings as of May 19, 2026.
• AUM: $25.26B.
• Expense ratio: 0.15%.
• Top-10 weight: 43.14%.

MTUM Action Reference

A useful ETF article should end with a decision framework. For MTUM, the practical read is:

• Long-term investor: use as a core equity sleeve and rebalance instead of trading every headline.
• Investor with heavy mega-cap exposure: compare overlap before adding more.
• Tactical investor: watch market breadth and equal-weight relative strength.

MTUM Bottom Line

MTUM is not just a fund name. It is a package of exposures: iShares MSCI USA Momentum Factor ETF; issuer BlackRock; fee 0.15%; AUM $25.26B; 129 holdings; top-10 weight 43.14%; holdings date May 19, 2026. The investment case is strongest when the fund's largest holdings, main exposure, and category-level return drivers all point in the same direction.

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