Invesco Insider Sentiment
ALTAR
Score™
4.5% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
21.4x P/Sales
ratio
2.3x
P/BV
ratio
3.1x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Insider Sentiment ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the performance of the Sabrient Insider Sentiment Index.

FUND BASICS
Category US Equities
Fund Sponsor Guggenheim
Website guggenheiminvestments.com
Inception date Sep 21, 2006
Assets (mns) $79
Currency USD
Expense ratio 66 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Equal
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $34,146
Large cap (>$10bn) 67.5%
Mid cap ($2-10bn) 31.5%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TARGET CORP 1.2 %
FAIR ISAAC CORP 1.2 %
WESTERN UNION CO 1.2 %
AECOM TECHNOLOGY CORP 1.1 %
LAM RESEARCH CORP 1.1 %
GUIDEWIRE SOFTWARE INC 1.1 %
LIBERTY BROADBAND CORP. CLASS A 1.1 %
NORDSON CORP 1.1 %
MIRATI THERAPEUTICS INC 1.1 %
ANSYS INC 1.1 %
Total 11.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
IRELAND 2.1 %
BERMUDA 1.0 %








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.
27.2% 15.9% 9.3% 12.7% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 0.83 84%
MSCI EAFE 0.76 59%
MSCI Emg. Mkts. 0.53 46%

Technical Indicators
Recent close $71.50
30d moving avg. $70.72
Annualized volatility 10.9%
Short interest (ETF) 0.2%
Short interest (Underlying) 6.6%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.4%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $17,938

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: NFO Expense: 66 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NFO
Ticker Fund
Name
Overlap1
vs NFO
(%)
Expense
ratio
(bp)
Savings
vs NFO
(bp)
ALTAR
Score™
(%)
ALTAR
vs NFO
(%)
SPLV Invesco S&P 500 Low Volatility 29.2 25 41 5.3 +0.8
LVHB Elkhorn Lunt Low Vol/High Beta Tactical 29.1 52 14 5.0 +0.6
HUSV First Trust Horizon Managed Volatility Domestic 27.9 70 -4 4.9 +0.4
LSLT Salt Low truBeta US Market 26.3 0 66 6.7 +2.2
KLCD KFA Large Cap Quality Dividend Index 24.0 41 25 5.1 +0.6
FTC First Trust Large Cap Growth 23.3 61 5 3.7 -0.8
DEF Invesco Defensive Equity 22.5 59 7 4.9 +0.4
USMV iShares MSCI USA Minimum Volatility 22.5 15 51 5.2 +0.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility 21.9 25 41 6.0 +1.5
JMIN JPMorgan U.S. Minimum Volatility 21.6 12 54 5.6 +1.1
LGLV SPDR Russell 1000 Low Volatility 21.3 12 54 5.2 +0.8
FDMO Fidelity Momentum Factor 20.9 29 37 4.1 -0.3
RBUS Nationwide Risk-Based U.S. Equity 20.5 30 36 6.1 +1.6
SCIU Global X Scientific Beta US 20.0 19 47 5.7 +1.3
FVL First Trust Value Line 100 19.3 70 -4 4.2 -0.2
SPMO Invesco S&P 500 Momentum Portfolio 19.2 13 53 4.3 -0.2
FLLV Franklin Liberty U.S. Low Volatility 19.2 29 37 5.3 +0.8
AUSF Global X Adaptive U.S. Factor 19.1 27 39 6.9 +2.5
LVUS Hartford Multifactor Low Volatility US Equity 18.4 21 45 5.8 +1.4
FDLO Fidelity Low Volatility Factor 18.1 29 37 5.4 +0.9

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 Insider Sentiment
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.5 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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