Invesco S&P International Developed Momentum ETF

Invesco S&P International Developed Momentum ETF (IDMO) is an index fund that tracks the S&P World Ex-U.S. Momentum Index. That index holds the top 20% of large and mid-size companies in developed markets outside the US, ranked by recent price gains. The fund costs 0.25% a year, the same as the average of similar funds. As of July 31, 2026, banks dominated its largest holdings, led by HSBC, Banco Santander and Toronto-Dominion Bank.

• Over the year to Oct 27, 2026, IDMO returned +14.0%, 3rd of 5 among similar funds.
• Its 5-year annualized return was +13.2% and its 10-year +12.7%.
• In the 2020 COVID crash it fell 31.3% and regained its old high 3.5 months after the low.
• Its worst full calendar year was 2018 (-16.6%); its best was 2025 (+42.1%).
• The deepest fall in its price history was 39.3% (May 14, 2015 to Feb 9, 2016), recovered by Feb 6, 2020.

As of Jul 31, 2026, the fund held 191 securities; the ten largest made up 28.99% of assets. It also reported 5.35% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.

• Over the three months to Jul 31, 2026, investors added a net $418.7M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +2.14%, +0.34%, +0.30%.

IDMO is an index fund. It aims to track the S&P World Ex-U.S. Momentum Index, which S&P Dow Jones Indices builds and maintains. The fund generally invests at least 90% of its assets in that index's stocks. The index starts from the S&P World Ex-U.S. Index, which covers large and mid-size companies in developed markets outside the US and South Korea. "Momentum" means the tendency of stocks that have done well lately to keep outperforming for a while.

To pick stocks, the index measures each company's price change over the past 12 months, leaving out the most recent month. It then adjusts that score for how volatile the stock has been. It ranks every stock by score, keeps the top 20%, and weights them mostly by company size, using a modified market-value method. As of December 31, 2025, the index held 180 stocks from countries including Japan, the UK, Canada, Spain and Germany.

The fund buys all the index's stocks in the same proportions, an approach called full replication. Because the list of winners keeps changing, the fund trades a lot. Its prospectus filed February 26, 2026 reports portfolio turnover of 105%. It uses no leverage, swaps or options. If the index leans heavily on one industry, the fund does too. As of October 31, 2025, it had significant exposure to financials.

• IDMO charges 0.25% a year, versus an average of 0.25% for the similar funds below (3rd of 5, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $26 in the first year and $318 over 10 years (assuming a 5% annual return).

It adds international stocks with a momentum tilt, high turnover and concentration in banks, which makes it better suited to a smaller slice of a portfolio than a core position.

IDMO adds developed-market stocks outside the US, tilted toward the strongest recent performers. That tilt cuts both ways. In the 2020 COVID crash it fell 31.3% and got back to its old high in about 3.5 months. In the 2022 bear market it dropped 26.7% and took 13.9 months, until November 24, 2023, to recover. Its deepest drop was 39.3%, from May 2015 to February 2016, and recovery took 47.9 months. Its worst calendar year was 2018, at -16.58%. The fund did not exist during the 2008 crisis. Anyone who sells shares for spending money during a slump like these locks in losses.

The trailing yield was 4.04% as of October 27, 2026, paid quarterly, but income can shift as holdings change. Costs are 0.25% a year, or $318 over 10 years in the SEC's standard $10,000 example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.