Invesco S&P Emg Mkts Low Volatility
ALTAR
Score™
10.2% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
11.6x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
4.2%


  • 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) $335
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 200
Wgt avg mkt cap (mns) $18,860
Large cap (>$10bn) 41.1%
Mid cap ($2-10bn) 50.0%
Small cap (<$2bn) 7.0%
Developed mkts 2.7%
Emerging mkts 96.7%

TOP TEN HOLDINGS
NESTLE (MALAYSIA) BHD. 1.1 %
KUALA LUMPUR KEPONG BHD 1.0 %
PUBLIC BANK BHD-FOREIGN MKT 1.0 %
MALAYAN BANKING BHD 0.9 %
TAIWAN COOPERATIVE FINANCIAL 0.9 %
HUA NAN FINANCIAL HOLDINGS C 0.9 %
FIRST FINANCIAL HOLDING CO 0.9 %
TAISHIN FINANCIAL HOLDING 0.9 %
TAIWAN MOBILE CO. LTD. 0.8 %
HONG LEONG BANK BERHAD 0.8 %
Total 9.3 %

TOP COUNTRY EXPOSURE
TAIWAN 27.6 %
THAILAND 14.7 %
SOUTH KOREA 11.1 %
MALAYSIA 9.9 %
CHINA 8.1 %
CHILE 4.0 %
SOUTH AFRICA 3.4 %
MEXICO 2.4 %
HONG KONG 2.2 %
CZECH REPUBLIC 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.3% 5.5% 0.0% -- 1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.54 30%
MSCI EAFE 0.85 63%
MSCI Emg. Mkts. 0.76 83%

Technical Indicators
Recent close $23.19
30d moving avg. $23.17
Annualized volatility 11.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 44
Turnover 0.3%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $3,317

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™: 10.2%


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 37.0 25 4 8.9 -1.3
CEZ Victory CEMP Emerging Market Volatility Weighted 27.6 50 -21 9.2 -1.0
QLVE FlexShares Emerging Markets Quality Low Volatility 26.7 40 -11 8.4 -1.8
RNEM First Trust Emerging Markets Equity Select 26.5 75 -46 9.7 -0.5
ROAM Hartford Multifactor Emerging Markets 25.5 44 -15 11.2 +1.0
DVEM WisdomTree Emerging Markets Dividend 25.0 32 -3 11.4 +1.2
EMMF WisdomTree Emerging Markets Multifactor Fund 24.9 48 -19 10.1 -0.1
EWEM Invesco MSCI Emerging Market Equal Weight 23.6 70 -41 9.3 -0.9
QEMM SPDR MSCI Emerging Markets Quality Mix 23.6 30 -1 9.3 -0.9
EWT iShares MSCI Taiwan 23.6 59 -30 6.7 -3.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 23.3 30 -1 8.7 -1.6
FLTW Franklin FTSE Taiwan 23.0 19 10 7.0 -3.2
EMXC iShares MSCI Emerging Markets ex China 22.8 49 -20 8.8 -1.5
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 22.7 45 -16 9.3 -1.0
UEVM USAA MSCI Emerging Markets Value Momentum Blend Index 22.6 45 -16 13.2 +3.0
LVHE Legg Mason Emerging Markets Low Volatility High Dividend 22.0 51 -22 12.3 +2.1
JHEM John Hancock Multifactor Emerging Markets 21.6 55 -26 8.9 -1.3
ESGE iShares MSCI EM ESG Optimized 20.9 25 4 9.4 -0.8
JPEM JPMorgan Diversified Rtn Emg Mkt Equity 20.8 45 -16 8.9 -1.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity 20.7 20 9 8.3 -1.9

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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 10.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 10.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.49
 
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.