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State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM (State Street SPDR S&P 1500 Momentum Tilt ETF) is a factor US Equity ETF by State. With a 0.12% MER, it provides diversified exposure through 1,415 holdings. Quarterly distribution with a 0.85% yield.
MMTM by State is a factor-based ETF that targets specific characteristics like value, quality, or low volatility to seek enhanced returns.
Its 0.12% MER makes it one of the most cost-effective options in its category.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).