PMOM — Principal Sustainable Momentum Index ETF
Data updated: 2020-09-09
PMOM — Principal Sustainable Momentum Index ETF. Developed ex-US Growth Thematic Equity · $4.43M AUM. Holdings, fees, performance and SEC filings.
PMOM Fund Overview
PMOM — Principal Sustainable Momentum Index ETF is a US ETF managed by Principal Exchange-Traded Funds, categorised as Developed ex-US Growth Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Principal Exchange-Traded Funds
- Category: Developed ex-US Growth Thematic Equity
- Assets under management: $4.43M
- 1-year return: 5.6%
- Ticker: PMOM
- SEC CIK: 0001572661
- SEC series ID: S000059182
- Share class ID: C000193920
PMOM Investment Objective and Strategy
Principal Sustainable Momentum Index ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Exchange-Traded Funds.
Investment objective
"The Fund seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq US Sustainable Momentum Index (the ""Index"")."
Principal investment strategy
"Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the Index at the time of purchase. The Index uses a quantitative model designed to identify equity securities (including growth and value stocks) of companies in the Nasdaq US Large Mid Cap Index (the Parent Index) that exhibit sustainable price momentum, based on historical stock prices over multiple periods and taking multiple market environments into consideration. The Fund actively trades portfolio securities. To be eligible for the Index, a security must be a component of the Parent Index, which is composed of equity securities of U.S. issuers with medium and large market capitalizations. Each security is assigned Sustainable Momentum (SUMO) Score based on intermediate factors (3, 4, 5, 6, 7, 8, 9, 10, 11 and 12 month risk-adjusted returns) and long-term factors (36, 48, and 60 month risk-adjusted returns), with volatility adjustments used to determine a composite score.
Securities with SUMO scores that rank in the top 15% are included in the Index, in addition to securities already in the Index that rank in the top 35%. Once selected, the securities are weighted, generally giving those in the higher ranking groups relatively more weight. Weighting is also determined in part on whether the Index is in a ""high volatility regime"" (where the ratio of the 1 month to 12 month standard deviation of the daily returns of the Parent Index exceeds the trailing seven year average of this ratio by a threshold amount). The Index is rebalanced annually. Additionally, throughout the year securities that become ineligible for the Index are removed and not replaced. Market volatility is monitored monthly; if the Index is determined to be in a high volatility regime, there is a special rebalance.
The Fund will make corresponding changes to its portfolio shortly after Index changes are made public. As of June 30, 2018, the Underlying Index included 137 components, and the Parent Index included 930 components. More detailed information about the Index methodology is provided in the prospectus under Fund Account Information. The Fund employs a passive investment approach designed to attempt to track the performance of the Index. In seeking its objective, the Fund typically employs a ""full replication"" strategy which involves investing in all the securities that make up the Index, in the same approximate proportions as the Index. The Fund can, however, use a sampling methodology to purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index.
The Fund can also purchase securities not included in the Index that the advisor believes will help the fund track the Index. The Fund will not concentrate its investments (invest more than 25% of its assets) in a particular industry except to the extent the Index is so concentrated."
PMOM Performance
Total returns for PMOM (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.6% |
PMOM Risk Information
Risk metrics for PMOM, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 35.1%
PMOM Costs and Fees
PMOM costs about $29 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.29%
- Gross expense ratio: 0.29%
- Portfolio turnover: 103%
- Brokerage commissions: 5.03 bps of average net assets (SEC N-CEN)
PMOM Cashflows
Over the 12 months to 2020-06, Principal Sustainable Momentum Index ETF had net outflows of $1.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | $0 |
| 2020-05 | $0 |
| 2020-04 | −$1.09M |
| 2020-03 | $0 |
| 2020-02 | $0 |
| 2020-01 | $0 |
PMOM Debt Constituents
No individual debt constituents are reported in Principal Sustainable Momentum Index ETF's latest SEC N-PORT filing.
PMOM Prospectus and SEC Filings
Official Principal Sustainable Momentum Index ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-11-20
- Prospectus (485BPOS) — filed 2018-11-16
- Prospectus (485BPOS) — filed 2017-10-30
- Portfolio holdings (N-PORT) — filed 2020-08-06
- Portfolio holdings (N-PORT) — filed 2020-05-27
- Portfolio holdings (N-PORT) — filed 2020-02-11
- Annual census (N-CEN) — filed 2020-09-09
- Annual census (N-CEN) — filed 2019-09-11
Related Funds
Other Developed ex-US Growth Thematic Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.