Invesco Strategic US ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.1x P/Sales
ratio
1.0x
P/BV
ratio
2.7x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IUS tracks an index of stocks from large US firms. The index determines firm size by fundamental metrics and also screens by quality metrics. Stocks are weighted by firm size.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Sep 12, 2018
Assets (mns) $128
Currency USD
Expense ratio 19 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 534
Wgt avg mkt cap (mns) $302,705
Large cap (>$10bn) 91.1%
Mid cap ($2-10bn) 7.5%
Small cap (<$2bn) 1.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.7 %
MICROSOFT CORP 2.9 %
BERKSHIRE HATHAWAY INC-CL B 2.3 %
ALPHABET INC. CLASS A 2.3 %
AT&T INC 2.0 %
INTEL CORP 1.8 %
FACEBOOK 1.5 %
UNITEDHEALTH GROUP INC 1.5 %
WAL-MART STORES INC 1.4 %
EXXON MOBIL CORP 1.4 %
Total 24.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
IRELAND 1.9 %
BERMUDA 0.2 %
CHINA 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.0% 8.4% -- -- 5.2%

Market Correlations
versus... Beta R-squared
S&P500 1.04 99%
MSCI EAFE 1.11 91%
MSCI Emg. Mkts. 0.86 78%

Technical Indicators
Recent close $25.44
30d moving avg. $23.85
Annualized volatility 22.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.2%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $233,841

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco Strategic US ETF ETF based on the alternatives' overlap in portfolio holdings with IUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IUS Expense: 19 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IUS
Ticker Fund
Name
Overlap1
vs IUS
(%)
Expense
ratio
(bp)
Savings
vs IUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs IUS
(%)
FNDX Schwab Fundamental U.S. Large Co. Index ETF 76.8 25 -6 6.6 +0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 73.6 25 -6 6.6 +0.3
PRF Invesco FTSE RAFI US 1000 ETF 71.5 39 -20 6.8 +0.6
EPS WisdomTree U.S. Earnings 500 Fund 71.0 8 11 6.5 +0.3
PBP Invesco S&P 500 BuyWrite ETF 69.7 49 -30 5.1 -1.1
HSPX Global X S&P 500 Covered Call ETF 69.0 65 -46 5.0 -1.3
SPXN ProShares S&P 500 Ex-Financials ETF 67.9 27 -8 5.1 -1.1
SPLG SPDR Portfolio Large Cap ETF 66.4 3 16 5.5 -0.7
IVV iShares Core S&P 500 ETF 66.4 4 15 5.5 -0.7
SPY SPDR S&P 500 ETF Trust 66.3 9 10 5.5 -0.8
VOO VANGUARD S&P 500 ETF 66.1 3 16 5.5 -0.7
PBUS Invesco PureBeta MSCI USA ETF 65.8 4 15 5.4 -0.8
VV Vanguard Large-Cap Index Fund 65.6 4 15 5.4 -0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 65.6 2 17 5.4 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 65.3 20 -1 5.5 -0.7
SCHX Schwab U.S. Large-Cap ETF 65.2 3 16 5.4 -0.8
RWL Invesco S&P 500 Revenue ETF 64.9 39 -20 6.8 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 64.9 27 -8 5.4 -0.8
IWB iShares Russell 1000 ETF 64.6 15 4 5.3 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 64.3 3 16 5.6 -0.6
JHML John Hancock Multifactor Large Cap ETF 64.3 34 -15 5.6 -0.6
VONE Vanguard Russell 1000 ETF 64.1 8 11 5.4 -0.8
SCHK Schwab 1000 Index ETF 64.1 5 14 5.4 -0.8
IYY iShares Dow Jones U.S. ETF 63.8 20 -1 5.3 -1.0
MGC Vanguard Mega Cap Index Fund 63.0 7 12 5.3 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 62.6 25 -6 6.5 +0.3
VLU SPDR S&P 1500 Value Tilt ETF 62.2 12 7 7.4 +1.2
IWV iShares Russell 3000 ETF 62.1 20 -1 5.2 -1.1
SCHB Schwab U.S. Broad Market ETF 62.1 3 16 5.4 -0.9
VTI Vanguard Total Stock Market Index Fund 62.1 3 16 5.3 -1.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 62.0 3 16 5.3 -1.0
IWL iShares Russell Top 200 ETF 61.8 15 4 5.2 -1.0
VTHR Vanguard Russell 3000 Index Fund 61.8 10 9 5.3 -1.0
SFY SoFi Select 500 ETF 60.2 0 19 5.4 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 60.1 27 -8 5.2 -1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 59.7 9 10 5.6 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 58.8 20 -1 5.1 -1.2
AVUS Avantis U.S. Equity ETF 58.8 15 4 5.8 -0.4
SNPE Xtrackers S&P 500 ESG ETF 58.7 11 8 5.2 -1.0
CATH Global X S&P 500 Catholic Values Custom ETF 58.4 29 -10 5.3 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 58.4 12 7 5.1 -1.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 57.4 25 -6 6.2 -0.0
IQSU IQ Candriam ESG US Equity ETF 57.4 9 10 5.3 -0.9
OEF iShares S&P 100 ETF 57.1 20 -1 5.0 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 57.0 27 -8 5.7 -0.6
ESGV Vanguard ESG U.S. Stock ETF 56.7 12 7 5.3 -0.9
DTD WisdomTree U.S.Total Dividend Fund 56.0 28 -9 6.6 +0.4
IUSV iShares Core S&P U.S. Value ETF 55.6 4 15 7.4 +1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 55.5 28 -9 6.4 +0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 55.4 19 0 5.7 -0.5
ESGU iShares MSCI USA ESG Optimized ETF 55.1 15 4 5.2 -1.1
IVE iShares S&P 500 Value ETF 55.0 18 1 7.2 +1.0
SPYV SPDR Portfolio S&P 500 Value ETF 55.0 4 15 7.3 +1.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 54.9 30 -11 6.8 +0.5
QUS SPDR MSCI USA StrategicFactors ETF 54.8 15 4 5.9 -0.4
VOOV Vanguard S&P 500 Value ETF 54.7 15 4 7.2 +1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 54.2 29 -10 6.2 -0.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 54.1 60 -41 4.5 -1.7
RECS Columbia Research Enhanced Core ETF 51.5 15 4 5.7 -0.5
TOK iShares MSCI Kokusai ETF 51.5 25 -6 5.8 -0.5
DGRO iShares Core Dividend Growth ETF 51.3 8 11 6.5 +0.3
VTV Vanguard Value Index Fund 51.0 4 15 7.3 +1.1
ESG FlexShares STOXX US ESG Impact Index Fund 50.9 32 -13 5.2 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 50.7 4 15 4.5 -1.7
IVW iShares S&P 500 Growth ETF 50.6 18 1 4.3 -1.9
VOOG Vanguard S&P 500 Growth ETF 50.6 10 9 4.4 -1.8
IUSG iShares Core S&P US Growth ETF 50.6 4 15 4.5 -1.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 50.0 15 4 6.4 +0.1
IWD iShares Russell 1000 Value ETF 50.0 19 0 7.1 +0.9
AFLG First Trust Active Factor Large Cap ETF 49.8 55 -36 5.6 -0.6
VONV Vanguard Russell 1000 Value Index Fund 49.6 8 11 7.2 +1.0
VONG Vanguard Russell 1000 Growth Index Fund 49.0 8 11 4.4 -1.8
IWF iShares Russell 1000 Growth ETF 49.0 19 0 4.3 -1.9
EXT WisdomTree U.S. Total Earnings Fund 48.7 28 -9 5.8 -0.4
URTH iShares MSCI World ETF 48.6 24 -5 5.9 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 48.0 4 15 7.1 +0.9
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 47.7 29 -10 4.3 -1.9
XLG Invesco S&P 500 Top 50 ETF 47.6 20 -1 4.7 -1.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 46.9 49 -30 4.2 -2.1
NACP Impact Shares NAACP Minority Empowerment ETF 46.4 75 -56 4.6 -1.6
FVAL Fidelity Value Factor ETF 45.8 29 -10 8.1 +1.9
RAFE PIMCO RAFI ESG U.S. ETF 45.7 29 -10 7.7 +1.5
EQWL Invesco Russell Top 200 Equal Weight ETF 45.6 25 -6 6.0 -0.2
ROUS Hartford Multifactor US Equity ETF 45.0 19 0 7.2 +1.0
DSI iShares MSCI KLD 400 Social ETF 44.8 25 -6 5.3 -0.9
JQUA JPMorgan U.S. Quality Factor ETF 44.5 12 7 5.3 -1.0
IWY iShares Russell Top 200 Growth ETF 44.3 20 -1 4.3 -1.9
RNLC Large Cap US Equity Select ETF 44.0 60 -41 6.2 0.0
ACWI iShares MSCI ACWI ETF 44.0 32 -13 6.1 -0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 43.9 75 -56 4.6 -1.7
MGV Vanguard Mega Cap Value ETF 43.9 7 12 7.2 +0.9
VEGN US Vegan Climate ETF 43.5 60 -41 5.3 -0.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 43.3 20 -1 6.5 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 43.2 20 -1 6.4 +0.2
JVAL JPMorgan U.S. Value Factor ETF 42.5 12 7 8.8 +2.6
SUSL iShares ESG MSCI USA Leaders ETF 42.0 10 9 5.4 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 41.9 15 4 6.3 +0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 41.9 10 9 5.5 -0.8
SCHG Schwab U.S. Large-Cap Growth ETF 41.7 4 15 4.3 -1.9
QWLD SPDR MSCI World StrategicFactors ETF 41.6 30 -11 6.1 -0.1

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 Strategic US ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.4 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.53
 
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.