Invesco Strategic US
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
17.7x P/Sales
ratio
1.0x
P/BV
ratio
2.8x 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) $136
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 540
Wgt avg mkt cap (mns) $270,598
Large cap (>$10bn) 91.3%
Mid cap ($2-10bn) 7.8%
Small cap (<$2bn) 0.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.9 %
BERKSHIRE HATHAWAY INC-CL B 2.5 %
MICROSOFT CORP 2.3 %
AT&T INC 2.2 %
ALPHABET INC. CLASS A 2.1 %
EXXON MOBIL CORP 1.8 %
INTEL CORP 1.7 %
FACEBOOK 1.3 %
UNITEDHEALTH GROUP INC 1.3 %
VERIZON COMMUNICATIONS INC 1.2 %
Total 23.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
IRELAND 2.0 %
BERMUDA 0.2 %
CHINA 0.1 %
CAYMAN ISLANDS 0.0 %






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.
29.4% 29.4% -- -- 16.1%

Market Correlations
versus... Beta R-squared
S&P500 1.03 97%
MSCI EAFE 1.22 82%
MSCI Emg. Mkts. 0.80 60%

Technical Indicators
Recent close $28.11
30d moving avg. $27.81
Annualized volatility 16.5%
Short interest (ETF) 0.8%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.2%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $131,976

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco Strategic US 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™: 6.3%


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 Large Cap 75.8 25 -6 6.3 +0.0
FNDB Schwab Fundamental Broad Mkt 72.1 25 -6 6.3 -0.0
PRF Invesco FTSE-RAFI U.S. 1000 71.2 39 -20 6.4 +0.1
EPS WisdomTree Earnings 500 68.6 8 11 6.6 +0.3
SPXN ProShares S&P 500 Ex-Financials 68.0 27 -8 5.5 -0.8
PBP Invesco S&P 500 Buy/Write 66.3 49 -30 5.2 -1.1
VLU SPDR S&P 1500 Value Tilt 66.3 12 7 7.1 +0.8
SPY S&P 500 SPDR 66.0 9 10 5.5 -0.8
HSPX Global X S&P 500 Covered Call 66.0 65 -46 5.1 -1.2
IVV iShares Core S&P 500 65.9 4 15 5.6 -0.7
VOO Vanguard S&P 500 ETF 65.5 3 16 5.7 -0.7
BBUS JP Morgan Betabuilders U.S. Equity 65.1 2 17 5.5 -0.8
PBUS Invesco PureBeta MSCI USA 65.0 4 15 5.6 -0.7
EXT WisdomTree Total Earnings 65.0 28 -9 6.7 +0.4
RWL Invesco S&P 500 Revenue ETF 64.7 39 -20 7.3 +1.0
SCHX Schwab U.S. Large-Cap 64.7 3 16 5.5 -0.8
VV Vanguard Large-Cap ETF 64.6 4 15 5.5 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 64.4 20 -1 5.6 -0.7
IWB iShares Russell 1000 64.3 15 4 5.4 -0.9
SCHK Schwab 1000 Index 64.0 5 14 5.5 -0.8

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 Strategic US
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 16.2 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.