Key Highlights

  • The fund is about $277.41 million in size and holds 90 companies.
  • Basic materials make up 43.81% of the portfolio, with financial services at 19.91% and energy at 10.57%.
  • The management fee is 0.35%, and the listed annual Yield is 2.22%.
  • Rio Tinto and BHP are the two largest holdings, each at 9.80%.

Betashares Australian Momentum ETF (ASX:MTUM) tracks the Solactive Australia Momentum Select Index, which selects Australian shares that have shown relatively high recent price performance. The units were listed at $27.57, the fund is about $277.41 million in size, and the management fee is 0.35%. Because the selection rule is based on momentum rather than company size or value, the portfolio can look quite different from a standard market index.

Ticker

ASX:MTUM

Listed price

$27.57

Fund size

$277.41 million

Management fee

0.35%

Listed annual yield

2.22%

Benchmark

Solactive Australia Mom Select TR AUD

Holdings

90 companies

How the stock mix is shaped

Basic materials make up 43.81% of the fund, the largest share by a wide margin. Financial services account for 19.91%, energy for 10.57%, consumer defensive for 7.32% and communication services for 5.37%. Shares make up almost the entire portfolio.

The largest holdings are Rio Tinto and BHP, each at 9.80%, followed by Macquarie Group at 7.34%, Woodside Energy at 6.05%, Woolworths at 5.57% and Telstra at 5.31%. The top ten account for 54.94% of the fund, and 97.27% of holdings are large companies with market values above $1 billion.

Income and costs

The listed annual yield is 2.22%, and the management fee is 0.35%. Because momentum-based portfolios can change their holdings when price trends shift, the fund's makeup can move noticeably between rebalances.

Investors should expect the sector balance to drift away from the broader market over time, which is a deliberate feature of the strategy.

Risks to weigh

A momentum strategy assumes that recent winners continue to perform, and that assumption can fail. When trends reverse, the portfolio can fall more sharply than the broader market, particularly if it is concentrated in a few sectors. The heavy weight in basic materials and energy also links the fund closely to Commodity prices.

Rebalancing can increase trading costs and may generate taxable events for investors. Those points are worth weighing alongside the strategy's potential benefits.

Final Word

The Betashares Australian Momentum ETF follows a rules-based approach that favours shares with recent price gains. Its portfolio is heavily weighted toward materials and energy, which means its moves will often track commodity prices, and investors should keep that concentration in mind.