Marketdesk International Momentum ETF (XUSM US)
XUSM US$23.12
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 23.12
- Change
- ▲ 0.21 (0.92)
- Bid / Ask
- 23.18 - 31.58
- Volume
- 1,347
- Turnover
- 23,074
- Open
- 23.12
- Day Range
- 23.12 - 23.12
- VWAP
- 23.12
- Prev Close
- 22.91
- Last Trade
- 28/10 10:46am
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$15.6M
OCT 2026
Distributions
Annually
Since inception
0.1 yrs
SEP 2026
- Legal name
- MarketDesk International Momentum ETF
- Issuer
- Empowered Funds, LLC
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Foreign Large Blend
- Category index
- MSCI ACWI Ex USA NR USD
- Benchmark
- N/A
- ETF net assets
- $15.6M
- Units on issue
- 690,000
- Management fee
- 0.75% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 14 SEP 2026
- Listed
- 15 SEP 2026
Objective and strategy
The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities, including depository receipts, demonstrating positive momentum. It defines positive momentum as having positive price returns for the previous one-, three-, six-, or twelve-month period or returns greater than the Investment Universe for the previous one-, three-, six-, or twelve-month period. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 6.18%Non-US equity 93.40%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.58 | 99.58 | 0.00 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | -14.13 | 0.86 | 14.99 |
| Other | 14.55 | 14.55 | 0.00 |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 51.09%Sensitive 41.86%Defensive 7.05%
- Basic Materials
- 11.40%
- Consumer Cyclical
- 2.25%
- Financial Services
- 37.44%
- Real Estate
- 0.00%
- Communication Services
- 2.66%
- Energy
- 2.12%
- Industrials
- 16.76%
- Technology
- 20.32%
- Consumer Defensive
- 0.00%
- Healthcare
- 7.05%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 90.55%Emerging markets 9.45%
- North America
- 18.48%
- Latin America
- 6.26%
- United Kingdom
- 3.91%
- Europe Developed
- 26.98%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 34.71%
- Australasia
- 2.36%
- Asia Developed
- 4.13%
- Asia Emerging
- 3.19%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- Japan
- 34.71%
- Canada
- 12.27%
- Italy
- 7.59%
- United States
- 6.21%
- Netherlands
- 5.46%
- United Kingdom
- 3.91%
- Spain
- 3.79%
- Austria
- 3.59%
- China
- 3.19%
- Denmark
- 2.72%
- Australia
- 2.36%
- Colombia
- 2.12%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Blend
- Average moat
- Narrow
Size score
260
Small
Mid
Large
Value-growth score
174
Value
Blend
Growth
Economic moat
Wide 20%Narrow 39%None 41%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 34.51%
- Large
- 44.51%
- Mid
- 18.86%
- Small
- 2.13%
- Micro
- 0.00%
Giant 35%Large 45%Mid 19%Small 2%
- Average market cap
- $39.02B
- Number of holdings
- 53
- Shares held
- 50
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 18.62
- Price / book
- 2.15
- Price / sales
- 1.99
- Price / cash flow
- 11.39
- Dividend yield
- 2.12%
- Assets in top 10
- 23.32%
- Return on equity
- 14.78%
- Net margin
- 16.30%
- Earnings growth (3 yr)
- 13.19%
Top holdings · top 10 = 22.41% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Screen Holdings Co Ltd 7735 | 2.34 | SEP 2026 | 103,074 | JPY | 1,116 | Technology | Japan | |
| Kokusai Electric Corp 6525 | 2.33 | SEP 2026 | 102,944 | JPY | 1,692 | Technology | Japan | |
| AT&S Austria Technologie & Systemtechnik AG ATS | 2.32 | SEP 2026 | 102,174 | EUR | 450 | Technology | Austria | |
| ASE Technology Holding Co Ltd ADR ASX | 2.29 | SEP 2026 | 100,835 | USD | 2,268 | Technology | Taiwan | |
| Lenovo Group Ltd 00992 | 2.25 | SEP 2026 | 99,202 | HKD | 22,536 | Technology | China | |
| Ibiden Co Ltd 4062 | 2.23 | SEP 2026 | 98,371 | JPY | 1,404 | Technology | Japan | |
| Genmab AS ADR GMAB | 2.23 | SEP 2026 | 98,248 | USD | 2,754 | Healthcare | Denmark | |
| Tokyo Electron Ltd 8035 | 2.14 | SEP 2026 | 94,566 | JPY | 1,260 | Technology | Japan | |
| Rohm Co Ltd 6963 | 2.14 | SEP 2026 | 94,327 | JPY | 3,006 | Technology | Japan | |
| Recruit Holdings Co Ltd 6098 | 2.13 | SEP 2026 | 94,098 | JPY | 882 | Communication Services | Japan |
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
79.9
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.75% p.a.
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Jonathon S. Clements
- Matthew J. Clements
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 0.1 years
- Longest tenure
- 0.1 years
- Longest serving
- Jonathon S. Clements, Matthew J. Clements · since 14 SEP 2026
- Most recent appointment
- Jonathon S. Clements, Matthew J. Clements · since 14 SEP 2026
- Managed since
- 14 SEP 2026
- Other funds managed
- 3
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
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