Invesco International BuyBack Achievers Portfolio
ALTAR
Score™
9.0% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
16.1x P/Sales
ratio
0.7x
P/BV
ratio
1.6x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco International BuyBack Achievers Portfolio is an exchange-traded fund incorporated in the USA. The Fund is based on the NASDAQ International BuyBack AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.

FUND BASICS
Category International Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Feb 27, 2014
Assets (mns) $145
Currency USD
Expense ratio 55 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Grantor Trust
Custodian Bank of New York Mellon/The
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 55
Wgt avg mkt cap (mns) $19,768
Large cap (>$10bn) 38.7%
Mid cap ($2-10bn) 49.5%
Small cap (<$2bn) 10.5%
Developed mkts 95.6%
Emerging mkts 4.4%

TOP TEN HOLDINGS
TOSHIBA CORP 5.4 %
NTT DOCOMO, INC. 5.1 %
RIO TINTO PLC 5.0 %
THOMSON REUTERS CORPORATION 5.0 %
ROYAL AHOLD DELHAIZE N.V. 4.9 %
MAGNA INTERNATIONAL INC-CL A 4.7 %
ISUZU MOTORS LTD 4.3 %
IDEMITSU KOSAN CO LTD 3.6 %
YAHOO! JAPAN CORP 2.9 %
ASM INTERNATIONAL N.V. 2.9 %
Total 43.8 %

TOP COUNTRY EXPOSURE
JAPAN 29.8 %
CANADA 27.0 %
NETHERLANDS 10.5 %
BRITAIN 8.1 %
GERMANY 4.4 %
SWITZERLAND 4.0 %
SOUTH KOREA 3.3 %
DENMARK 3.2 %
IRELAND 2.9 %
AUSTRALIA 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
17.0% 8.3% 7.4% -- 6.9%

Market Correlations
versus... Beta R-squared
S&P500 0.93 64%
MSCI EAFE 1.15 82%
MSCI Emg. Mkts. 0.89 79%

Technical Indicators
Recent close $33.06
30d moving avg. $32.74
Annualized volatility 14.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 25
Turnover 0.6%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $1,234

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IPKW Expense: 55 bp ALTAR Score™: 9.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPKW
Ticker Fund
Name
Overlap1
vs IPKW
(%)
Expense
ratio
(bp)
Savings
vs IPKW
(bp)
ALTAR
Score™
(%)
ALTAR
vs IPKW
(%)
FYLD Cambria Foreign Shareholder 11.9 59 -4 8.0 -1.0
FCAN First Trust Canada 9.3 80 -25 4.9 -4.1
ICOW Pacer Developed Markets Int'l Cash Cows 100 8.8 65 -10 9.3 +0.4
INTF iShares FactorSelect MSCI International 7.7 30 25 8.2 -0.8
ESGN Columbia Sustainable International Equity Income 7.4 45 10 9.4 +0.4
EWN iShares MSCI NetherlanIds 6.1 47 8 5.2 -3.8
HDEF Xtrackers MSCI EAFE High Div Yld Hedged 5.9 20 35 8.6 -0.4
FEP First Trust Europe AlphaDEX 5.9 80 -25 7.2 -1.8
CRAK VanEck Vectors Oil Refiners 5.6 60 -5 12.9 +3.9
PID Invesco International Dividend Achievers 5.4 54 1 7.3 -1.7
FIDI Fidelity International High Dividend 5.3 39 16 10.0 +1.1
PICK iShares MSCI Global Select Metals & Mining 5.0 39 16 7.0 -2.0
EWC iShares MSCI Canada 4.6 47 8 7.1 -1.9
IDHQ Invesco Int'l Developed High Quality Portfolio 4.6 29 26 5.4 -3.6
URA Global X Uranium 4.5 69 -14 1.4 -7.6
MVIN Natixis Seeyond International Minimum Volatility 4.4 55 0 6.0 -2.9
IVAL Valueshares Int'l Quantitative Value 4.4 59 -4 9.0 +0.0
FEUZ First Trust Eurozone AlphaDex 4.3 80 -25 6.9 -2.1
FDT First Trust Developed Markets ex-US AlphaDEX 4.2 80 -25 8.0 -1.0
FSZ First Trust Switzerland 4.0 80 -25 5.3 -3.7

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

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 International BuyBack Achievers Portfolio
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 14.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 9.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.70 CATEGORY
AVERAGE
1.63
 
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.