ETF Evaluator:
MarketDesk International Momentum ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Foreign Large Blend Over the Last Year
| 24.2% | Pacer Nasdaq International Ptnt Ldrs ETF (PATN) |
| 24.0% | Harbor International Equity ETF (EPIN) |
| 22.0% | Harding Loevner Intl Dev Mkts Sel Eq ETF (LOEV) |
| 21.5% | Touchstone Dynamic International ETF (TDI) |
| 20.8% | First Eagle Overseas Equity ETF (FEOE) |
Risk
Index
Risk
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ETF Details
MarketDesk International Momentum ETF Overview
MarketDesk International Momentum ETF (XUSM) is an actively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Empowered Funds, LLC launched the ETF in 2026.
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.
About MarketDesk International Momentum ETF (XUSM)
There are 2 members of the management team with an average tenure of 0.13 years: Jonathon Clements (2026) and Matthew Clements (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
MarketDesk International Momentum ETF has 54 securities in its portfolio. The top 10 holdings constitute 24.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
MarketDesk International Momentum ETF is part of the Equity global asset class and is within the International Equity ETF group. MarketDesk International Momentum ETF has 93.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 6.2% There is 93.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MarketDesk International Momentum ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $15 million in total assets, which is below the $9 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XUSM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MarketDesk International Momentum ETF expense ratio is above average compared to funds in the Foreign Large Blend category. MarketDesk International Momentum ETF has an expense ratio of 0.75%, which is 86% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. MarketDesk International Momentum ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.
Recently, in the month of October 2026, MarketDesk International Momentum ETF returned -8.0%, which earned it a grade of F, as the Foreign Large Blend category had an average return of -1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
MarketDesk International Momentum ETF has a trailing yield of 0.00%, which is below the 2.56% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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XUSM Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XUSM Return (NAV) | -8.0% | na | na | na | na | na |
| XUSM Return (Price) | -8.2% | na | na | na | na | na |
| NAV +/- Price Return | 0.225% | na | na | na | na | na |
| Foreign Large Blend Avg | -1.2% | -1.8% | 13.8% | 20.0% | 8.6% | 9.2% |
| XUSM Grade (NAV) | F | na | na | na | na | na |
| +/- Category (NAV) | -6.8% | na | na | na | na | na |
| XUSM Tax-Cost Ratio | na | na | na | na | na | na |
XUSM Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XUSM Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| XUSM Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Foreign Large Blend Avg | 10.1% | 31.2% | 5.2% | 16.8% | -14.7% | 10.2% | 8.9% | 22.0% | -13.3% | 24.7% | 2.0% |
| XUSM Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 16 Mil |
| Share Class Assets: | $ 16 Mil |
| Turnover: | na |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Clements Jonathon (2026), Clements Matthew (2026) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 54 |
| % in Top 10 Holdings: | 24.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 93.4% |
Portfolio Allocation |
|
| Domestic Stock: | 6.2% |
| Foreign Stock: | 93.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Empowered Funds, LLC |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | September 14, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.40% |
