iShares MSCI World ex Australia Momentum ETF (IMTM) Review & Analysis

MER · Top 25%AUM · #360 of 5081Y Return · Top 25%

What's new this monthData to 30 September 2026

+7.6% in September (total return), ahead of the median international shares ETF at +0.0%.
Investors added a net $11m (40.0% of the fund).
The unit price closed the month at $37.11, 8% below its 12-month high (range $29.57 to $40.28).

About IMTM

IMTM is an international shares ETF from iShares, listed on the TMX Australia exchange since February 2024. With $39m under management it is number 180 of 254 international shares ETFs by size. The management fee is 0.25% a year, about $25 on every $10,000 invested, cheaper than the typical international shares ETF at 0.55%.

Its largest holdings are Micron Technology Inc, Alphabet (Google) and Advanced Micro Devices Inc, and the top 10 make up 29% of the fund. By sector it leans towards information technology (36%) and financials (16%). United States is the biggest country exposure at 60%.

Over the past year it returned +17.0%, against +10.4% for the median international shares ETF. Broad, low-cost funds like this are often used as a core holding in a core and satellite portfolio.

Compare IMTM Check overlap iShares website ↗

Compare IMTM with

IMTMvsIHWL

iShares Core MSCI World ex Australia ESG Leaders ETF

Fee	0.25%	0.13%
1 year	+17.0%	+17.1%
5 yrs p.a.	–	+11.0%
Size	$39m	$1.1bn

Same holdings29%Some overlap

Full comparison →

IMTMvsIVLU

iShares MSCI World ex Australia Value ETF

Fee	0.25%	0.25%
1 year	+17.0%	+43.1%
5 yrs p.a.	–	–
Size	$39m	$43m

Same holdings27%Some overlap

Full comparison →

IMTMvsIQLT

iShares MSCI World ex Australia Quality ETF

Fee	0.25%	0.25%
1 year	+17.0%	+10.2%
5 yrs p.a.	–	–
Size	$39m	$42m

Same holdings27%Some overlap

Full comparison →

IMTMvsIVHG

iShares MSCI World ex Australia Value (AUD Hedged) ETF

Fee	0.25%	0.28%
1 year	+17.0%	+54.2%
5 yrs p.a.	–	–
Size	$39m	$8.0m

Same holdingsNo holdings data

Full comparison →

Stock Code	IMTM
Fund Manager	iShares
Asset Class	International shares
AUM	$39m
MER (%)	0.25%
Net flows (Sep)	+$11m
Last Price	$37.11
52-Week Range	$29.57 – $40.28
Bid/Ask Spread	0.30%
Listing Date	16/02/2024
Exchange	TMX Australia
Index tracked	MSCI World ex Australia Momentum Index
Issuer website	iShares ↗

Performance (% return)

1 month+7.6%

1 year+17.0%

3 years p.a.–

5 years p.a.–

$10,000 invested…

1 year ago$11,703

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

IMTM at a glance: strengths and things to watch

👍 Strengths

Low cost. At 0.25% a year it is cheaper than 89% of international shares ETFs.
Money is flowing in. Investors added a net $11m in September (29% of the fund).

⚠️ Things to watch

Small fund. With $39m under management, it is more at risk of being closed or merged than larger funds, and trading can be thinner.
Short track record. Listed in February 2024, so it hasn't been tested through a full market cycle.

Worked out from IMTM's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 19 Oct 2026

IMTM is in a base. Here's why that matters.

IMTM's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

IMTM weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

Investment Focus

Exposure Regions

Global

Portfolio Breakdown

Top 10 holdings (28.5% of the fund)

Symbol	Company	% assets
MU		5.01%
GOOGL		4.28%
AMD		4.14%
XOM		2.84%
JNJ		2.70%
ASML		2.54%
CSCO		1.94%
INTC		1.84%
AMAT		1.66%
LRCX		1.59%

Sector breakdown

Information Technology35.7%
Financials16.5%
Energy12.4%
Health Care10.8%
Industrials8.8%
Communication Services4.6%
Utilities4.4%
Consumer Discretionary2.6%
Other4.3%

Country breakdown

United States60.4%
Japan11.2%
Canada8.0%
United Kingdom3.9%
Netherlands3.3%
Switzerland3.2%
ES2.4%
France1.7%
Other5.9%

Holdings from the issuer's published portfolio as at 30 October 2026. Breakdowns are based on the largest 298 positions, covering 99% of the fund. Compare IMTM's holdings with other ETFs →

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
GTUM	Betashares Global Momentum ETF	61%	0.35%	$228m	–	–	–
EXUS	Betashares Global Shares Ex Us ETF	38%	0.14%	$158m	–	–	–
VGS	Vanguard MSCI Index International Shares ETF	34%	0.18%	$18.7bn	+10.1%	+17.9%	+11.8%
VGAD	Vanguard MSCI Index International Shares (Hedged) ETF Currency hedged	34%	0.21%	$7.9bn	+17.1%	+19.8%	+10.8%
IVE	iShares MSCI EAFE ETF	33%	0.32%	$624m	+10.1%	+14.8%	+8.8%
BGBL	Betashares Global Shares ETF	31%	0.08%	$5.5bn	+10.4%	+18.7%	–

Same holdings is the share of IMTM's money in companies the other ETF also holds, weighted by size. Most similar first, then ETFs in the same category. See every ETF like IMTM →

IMTM vs its closest alternatives

What actually differs between IMTM and the ETFs most like it. Data to 30 Sep 2026.

GTUM Betashares Global Momentum ETF

They share 61% of their holdings: a lot of doubling up.
IMTM is cheaper (0.25% vs 0.35%), worth about $6,857 on $100,000 over 20 years.
GTUM is about 6 times larger ($228m vs $39m), which usually means tighter trading spreads.

Compare IMTM and GTUM side by side →

EXUS Betashares Global Shares Ex Us ETF

They share 38% of their holdings: some overlap.
EXUS is cheaper (0.14% vs 0.25%), worth about $7,685 on $100,000 over 20 years.
EXUS is about 4 times larger ($158m vs $39m), which usually means tighter trading spreads.

Compare IMTM and EXUS side by side →

VGS Vanguard MSCI Index International Shares ETF

They share 34% of their holdings: some overlap.
VGS is cheaper (0.18% vs 0.25%), worth about $4,873 on $100,000 over 20 years.
Over 1 year: IMTM +17.0%, VGS +10.1% (IMTM ahead by 7.0 percentage points).
VGS is much larger ($18.7bn vs $39m), which usually means tighter trading spreads.

Compare IMTM and VGS side by side →

General information only. Past performance is not a reliable indicator of future performance.

IMTM FAQs

What is the fee for IMTM?

IMTM charges a management fee (MER) of 0.25% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is IMTM?

IMTM had $39m in funds under management as at 30 September 2026.

How has IMTM performed?

IMTM returned +17.0% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.

Who manages IMTM?

IMTM is managed by iShares and has been listed since February 2024.

Is IMTM franked?

Generally no. IMTM invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

What does IMTM hold?

IMTM's largest holdings are Micron Technology Inc (5.0%), Alphabet (Google) (4.3%), Advanced Micro Devices Inc (4.1%), ExxonMobil Holdings Corp (2.8%), Johnson & Johnson (2.7%). It holds about 298 investments in total. The biggest sector is information technology at 35%. Holdings as at 30 October 2026.

Is IMTM currency hedged?

No, IMTM is unhedged. Its returns move with the Australian dollar: a falling dollar adds to returns and a rising dollar reduces them.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the iShares product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.