Invesco ESG Revenue ETF
ALTAR
Score™
7.6% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
15.1x P/Sales
ratio
0.8x
P/BV
ratio
2.3x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ESGL tracks and index composed of companies contained within the S&P 500 Index, selected by their ESG characteristics. Constituents are weighted by revenue.

FUND BASICS
Category US Equities
Fund Sponsor OppenheimerFunds
Website www.invesco.com
Inception date Oct 31, 2016
Assets (mns) $26
Currency USD
Expense ratio 40 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Revenue
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 237
Wgt avg mkt cap (mns) $195,966
Large cap (>$10bn) 97.4%
Mid cap ($2-10bn) 2.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 4.2 %
EXXON MOBIL CORP 3.6 %
UNITEDHEALTH GROUP INC 3.5 %
CVS CAREMARK CORP 3.5 %
AT&T INC 2.5 %
FORD MOTOR CO 2.2 %
JPMORGAN CHASE & CO 2.1 %
CARDINAL HEALTH INC 2.0 %
CIGNA CORP 2.0 %
MICROSOFT CORP 2.0 %
Total 27.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
IRELAND 2.5 %
BRITAIN 1.2 %
SWITZERLAND 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
28.3% 28.3% -- -- 13.5%

Market Correlations
versus... Beta R-squared
S&P500 1.03 92%
MSCI EAFE 0.98 69%
MSCI Emg. Mkts. 0.63 49%

Technical Indicators
Recent close $35.21
30d moving avg. $34.80
Annualized volatility 13.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $75,119

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco ESG Revenue ETF ETF based on the alternatives' overlap in portfolio holdings with ESGL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ESGL Expense: 40 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESGL
Ticker Fund
Name
Overlap1
vs ESGL
(%)
Expense
ratio
(bp)
Savings
vs ESGL
(bp)
ALTAR
Score™
(%)
ALTAR
vs ESGL
(%)
RWL Invesco S&P 500 Revenue ETF 55.5 39 1 7.2 -0.4
FNDX Schwab Fundamental Large Cap 55.2 25 15 6.3 -1.3
PRF Invesco FTSE-RAFI U.S. 1000 52.8 39 1 6.3 -1.3
FNDB Schwab Fundamental Broad Mkt 52.0 25 15 6.2 -1.4
IUS Invesco Strategic US 51.9 19 21 6.3 -1.3
DLN WisdomTree Large Cap Dividend 51.8 28 12 6.3 -1.3
VLU SPDR S&P 1500 Value Tilt 50.4 12 28 7.1 -0.5
VOOV Vanguard S&P 500 Value 50.4 15 25 6.7 -0.9
EPS WisdomTree Earnings 500 50.2 8 32 6.5 -1.1
SPYV SPDR Portfolio S&P 500 Value 50.0 4 36 6.9 -0.7
IVE iShares S&P 500 Value 50.0 18 22 6.8 -0.8
SNPE Xtrackers S&P 500 ESG 49.9 11 29 5.4 -2.2
PBP Invesco S&P 500 Buy/Write 49.4 49 -9 5.2 -2.4
DTD WisdomTree Total Dividend 49.2 28 12 6.4 -1.2
HSPX Global X S&P 500 Covered Call 48.7 65 -25 5.0 -2.6
DIVB iShares U.S. Dividend & Buyback 48.7 25 15 6.4 -1.2
VOO Vanguard S&P 500 ETF 48.6 3 37 5.6 -2.0
SPY S&P 500 SPDR 48.5 9 31 5.5 -2.1
IVV iShares Core S&P 500 48.5 4 36 5.6 -2.0
VTV Vanguard Value ETF 48.1 4 36 6.9 -0.7

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

  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

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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 ESG Revenue ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.9 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.55
 
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.