The Index is rebalanced semiannually as of the close of the last business day of May and November; in addition, ad hoc rebalancing may occur, triggered by spikes in market volatility.

How often is MTUM rebalance?

MTUM was 0.8% higher as of 9:42 a.m. in New York on Wednesday. Meanwhile, the fund's scheduling headaches are far from unique. In the $1.4 trillion smart-beta universe, almost 20% of funds rebalance semiannually, according to Bloomberg Intelligence. About one in 10 adjusts annually.

How does MTUM ETF work?

MTUM aims to pick stocks that have steadily increased in price lately. It selects and weights stocks by looking at both 6- and 12-month holding period returns, scaled by the volatility of returns over the past three years. ... MTUM offers factor-based exposure in an efficient wrapper.