Invesco S&P Emg Mkts Low Volatility
ALTAR
Score™
9.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
10.9x P/Sales
ratio
0.8x
P/BV
ratio
1.0x Div.
yield
4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Emerging Markets Low Volatility Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P BMI Emerging Markets Low Volatility Index (the "Underlying Index").

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Jan 13, 2012
Assets (mns) $327
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Volatility
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 194
Wgt avg mkt cap (mns) $18,619
Large cap (>$10bn) 40.4%
Mid cap ($2-10bn) 49.3%
Small cap (<$2bn) 9.3%
Developed mkts 3.0%
Emerging mkts 97.0%

TOP TEN HOLDINGS
ISHARES MSCI SAUDI ARABIA CAPPED 3.9 %
NESTLE (MALAYSIA) BHD. 1.1 %
TAIWAN COOPERATIVE FINANCIAL 1.0 %
MALAYAN BANKING BHD 1.0 %
TAISHIN FINANCIAL HOLDING 0.9 %
FIRST FINANCIAL HOLDING CO 0.9 %
CHINA STEEL CORP 0.9 %
HUA NAN FINANCIAL HOLDINGS C 0.9 %
E.SUN FINANCIAL HOLDING CO 0.8 %
CHUNGHWA TELECOM CO., LTD 0.7 %
Total 12.2 %

TOP COUNTRY EXPOSURE
TAIWAN 31.8 %
THAILAND 9.6 %
CHINA 9.5 %
SOUTH KOREA 8.6 %
MALAYSIA 8.5 %
MEXICO 3.6 %
KUWAIT 2.6 %
SOUTH AFRICA 2.5 %
HONG KONG 2.4 %
INDONESIA 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.0% -5.6% 0.6% -- 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.60 35%
MSCI EAFE 0.89 63%
MSCI Emg. Mkts. 0.77 82%

Technical Indicators
Recent close $22.81
30d moving avg. $23.23
Annualized volatility 12.4%
Short interest (ETF) 0.1%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 72
Turnover 0.5%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $4,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco S&P Emg Mkts Low Volatility ETF based on the alternatives' overlap in portfolio holdings with EELV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EELV Expense: 29 bp ALTAR Score™: 9.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EELV
Ticker Fund
Name
Overlap1
vs EELV
(%)
Expense
ratio
(bp)
Savings
vs EELV
(bp)
ALTAR
Score™
(%)
ALTAR
vs EELV
(%)
EEMV iShares MSCI Emerg Mkt Minimum Volatility 34.4 25 4 7.9 -2.1
CEZ Victory CEMP Emerging Market Volatility Weighted 27.5 50 -21 8.6 -1.3
RNEM First Trust Emerging Markets Equity Select 27.4 75 -46 9.0 -1.0
EWT iShares MSCI Taiwan 26.0 59 -30 6.2 -3.7
FLTW Franklin FTSE Taiwan 25.1 19 10 6.5 -3.4
ROAM Hartford Multifactor Emerging Markets 25.1 44 -15 10.6 +0.7
QLVE FlexShares Emerging Markets Quality Low Volatility 24.9 40 -11 7.8 -2.2
EWEM Invesco MSCI Emerging Market Equal Weight 24.2 70 -41 8.4 -1.5
DVEM WisdomTree Emerging Markets Dividend 24.1 32 -3 10.9 +1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 23.4 48 -19 9.2 -0.7
JPEM JPMorgan Diversified Rtn Emg Mkt Equity 23.1 45 -16 7.7 -2.2
QEMM SPDR MSCI Emerging Markets Quality Mix 22.4 30 -1 8.5 -1.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 21.9 30 -1 7.7 -2.2
LVHE Legg Mason Emerging Markets Low Volatility High Dividend 21.7 51 -22 11.4 +1.5
EMXC iShares MSCI Emerging Markets ex China 21.3 49 -20 8.0 -2.0
PBEE Invesco PureBeta FTSE Emerging Markets 21.2 14 15 8.5 -1.4
FNDE Schwab Fundamental Emg Mkt Large Cap 21.2 39 -10 10.0 +0.0
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 21.1 45 -16 8.4 -1.5
UEVM USAA MSCI Emerging Markets Value Momentum Blend Index 21.0 45 -16 12.6 +2.7
JHEM John Hancock Multifactor Emerging Markets 20.6 55 -26 8.3 -1.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Invesco S&P Emg Mkts Low Volatility
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.48
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.