Invesco Russell 1000 Dynamic Multifactor ETF
ALTAR
Score™
9.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
29.4x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
OMFL tracks an index of US large-cap stocks selected by a combination of five investment factors, which are weighted based on current macroeconomic conditions.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Nov 08, 2017
Assets (mns) $948
Currency USD
Expense ratio 29 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 347
Wgt avg mkt cap (mns) $8,313
Large cap (>$10bn) 29.3%
Mid cap ($2-10bn) 68.7%
Small cap (<$2bn) 1.4%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
CBS CORP-CLASS B NON VOTING 1.1 %
CARDINAL HEALTH INC 1.0 %
UNITED RENTALS INC 0.9 %
HEWLETT PACKARD ENTERPRISE CO. 0.9 %
AES CORP 0.8 %
DELTA AIR LINES INC 0.8 %
SYNCHRONY FINANCIAL 0.8 %
WHIRLPOOL CORP 0.8 %
ROYAL CARIBBEAN CRUISES LTD 0.8 %
INTERNATIONAL PAPER CO 0.8 %
Total 8.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
BERMUDA 2.0 %
BRITAIN 1.2 %
IRELAND 0.5 %
PUERTO RICO 0.2 %
CAYMAN ISLANDS 0.2 %
PANAMA 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.4% 1.6% -- -- 8.7%

Market Correlations
versus... Beta R-squared
S&P500 0.91 86%
MSCI EAFE 0.91 71%
MSCI Emg. Mkts. 0.61 50%

Technical Indicators
Recent close $30.92
30d moving avg. $31.76
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 59
Turnover 0.2%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $3,538

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Invesco Russell 1000 Dynamic Multifactor ETF ETF based on the alternatives' overlap in portfolio holdings with OMFL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OMFL Expense: 29 bp ALTAR Score™: 9.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OMFL
Ticker Fund
Name
Overlap1
vs OMFL
(%)
Expense
ratio
(bp)
Savings
vs OMFL
(bp)
ALTAR
Score™
(%)
ALTAR
vs OMFL
(%)
ONEY SPDR Russell 1000 Yield Focus ETF 53.7 20 9 9.2 -0.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 40.3 20 9 9.6 -0.1
EZM WisdomTree U.S. MidCap Earnings Fund 39.2 38 -9 9.2 -0.4
SCHM Schwab U.S. Mid-Cap ETF 37.7 4 25 6.2 -3.5
JKI iShares Morningstar Mid-Cap Value ETF 37.0 30 -1 9.2 -0.5
FAB First Trust Multi Cap Value AlphaDEX Fund 36.9 71 -42 10.1 +0.5
DON WisdomTree U.S. MidCap Dividend Fund 36.6 38 -9 7.9 -1.8
VOE Vanguard Mid-Cap Value Index Fund 36.1 7 22 7.8 -1.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 35.8 20 9 7.1 -2.6
VBR Vanguard Small Cap Value Index Fund 34.8 7 22 8.5 -1.2
IWS iShares Russell Mid-Cap Value ETF 34.6 24 5 7.2 -2.5
RNMC Mid Cap US Equity Select ETF 33.3 60 -31 7.8 -1.8
FNK First Trust Mid Cap Value AlphaDEX Fund 32.6 70 -41 11.4 +1.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 32.4 29 0 7.7 -1.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 31.3 24 5 6.2 -3.4
EQAL Invesco Russell 1000 Equal Weight ETF 31.1 20 9 6.0 -3.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 30.8 29 0 7.0 -2.7
FNX First Trust Mid Cap Core AlphaDEX Fund 30.5 61 -32 6.7 -3.0
IJH iShares Core S&P Mid-Cap ETF 30.1 5 24 6.8 -2.8
MDY SPDR S&P Midcap 400 ETF Trust 30.1 23 6 6.7 -3.0
JHMM John Hancock Multifactor Mid Cap ETF 30.1 42 -13 5.7 -4.0
SPMD SPDR Portfolio Mid Cap ETF 30.1 5 24 6.8 -2.8
RWK Invesco S&P MidCap 400 Revenue ETF 29.7 39 -10 8.5 -1.1
JVAL JPMorgan U.S. Value Factor ETF 28.7 12 17 8.6 -1.0
BKSE BNY Mellon US Small Cap Core Equity ETF 28.6 4 25 5.9 -3.7
IVOO Vanguard S&P Mid-Cap 400 ETF 28.4 10 19 6.6 -3.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 28.0 40 -11 7.6 -2.0
VUSE Vident Core US Equity Fund 27.7 48 -19 9.2 -0.5
SFYX Sofi Next 500 ETF 27.6 0 29 6.0 -3.6
ONEO SPDR Russell 1000 Momentum Focus ETF 27.5 20 9 6.5 -3.1
IJJ iShares S&P Mid-Cap 400 Value ETF 27.0 25 4 8.8 -0.8
MDYV SPDR S&P 400 Mid Cap Value ETF 27.0 15 14 8.9 -0.7
JKL iShares Morningstar Small Cap Value ETF 26.8 30 -1 10.5 +0.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 26.4 7 22 5.3 -4.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 26.1 15 14 8.8 -0.9
FTA First Trust Large Cap Value AlphaDEX Fund 25.7 60 -31 9.4 -0.3
VFVA Vanguard U.S. Value Factor ETF 25.4 14 15 11.5 +1.8
SMMD iShares Russell 2500 ETF 25.0 15 14 6.0 -3.7
JDIV JPMorgan U.S. Dividend ETF 24.2 12 17 8.0 -1.6
IWR iShares Russell Midcap ETF 23.8 19 10 5.6 -4.0
TUSA First Trust Total US Market AlphaDEX ETF 23.4 70 -41 6.0 -3.7
PY Principal Shareholder Yield Index ETF 23.3 15 14 9.8 +0.1
SMDY Syntax Stratified MidCap ETF 23.2 30 -1 7.0 -2.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 23.1 17 12 6.4 -3.2
COWZ Pacer US Cash Cows 100 ETF 22.8 49 -20 11.8 +2.2
FSMD Fidelity Small-Mid Factor ETF 22.8 29 0 6.5 -3.2
VALQ American Century STOXX U.S. Quality Value ETF 22.8 29 0 9.1 -0.5
AFMC First Trust Active Factor Mid Cap ETF 22.4 65 -36 6.5 -3.1
QSY WisdomTree U.S. LargeCap Value Fund 22.0 38 -9 6.9 -2.7
SPHB Invesco S&P 500 High Beta ETF 22.0 25 4 9.0 -0.6
RSP Invesco S&P 500 Equal Weight ETF 21.9 20 9 6.7 -3.0
RPV Invesco S&P 500 Pure Value ETF 21.8 35 -6 11.2 +1.6
SIZE iShares Edge MSCI USA Size Factor ETF 21.7 15 14 6.2 -3.5
VB Vanguard Small-Cap ETF 21.7 5 24 5.5 -4.2
SPVU Invesco S&P 500 Enhanced Value ETF 21.3 13 16 11.9 +2.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 20.8 6 23 5.4 -4.3
JHSC John Hancock Multifactor Small Cap ETF 20.7 42 -13 5.9 -3.8
TPLC Timothy Plan US Large Cap Core ETF 20.7 52 -23 5.4 -4.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 20.6 17 12 5.0 -4.6
EUSA iShares MSCI USA Equal Weighted ETF 20.4 15 14 6.2 -3.4
BUY USCF SummerHaven SHPEI Index Fund 20.1 80 -51 9.1 -0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 19.9 18 11 6.3 -3.4
STLV iShares Factors US Value Style ETF 19.8 25 4 7.3 -2.3
VO Vanguard Mid-Cap Index Fund 19.6 4 25 5.3 -4.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 19.6 30 -1 5.7 -3.9
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 19.3 20 9 7.6 -2.0
VLUE iShares Edge MSCI USA Value Factor ETF 18.9 15 14 11.7 +2.0
AUSF Global X Adaptive U.S. Factor ETF 18.5 27 2 9.5 -0.2
FEX First Trust Large Cap Core AlphaDEX Fund 18.2 60 -31 6.0 -3.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 18.1 64 -35 5.7 -4.0
JHMF John Hancock Multifactor Financials ETF 18.1 40 -11 7.8 -1.8
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 17.7 25 4 7.8 -1.9
IEFN iShares Evolved U.S. Financials ETF 17.6 18 11 9.5 -0.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 17.4 4 25 5.4 -4.3
FXO First Trust Financials AlphaDEX Fund 17.3 63 -34 13.0 +3.4
SYLD Cambria Shareholder Yield ETF 17.0 59 -30 9.2 -0.4
TPHD Timothy Plan High Dividend Stock ETF 16.9 52 -23 7.6 -2.0
MAGA Point Bridge GOP Stock Tracker ETF 16.5 72 -43 6.6 -3.1
LRGF iShares Edge MSCI Multifactor USA ETF 16.4 20 9 7.6 -2.0
SCHA Schwab U.S. Small-Cap ETF 16.2 4 25 5.0 -4.7
RNDV US Equity Dividend Select ETF 15.8 50 -21 8.0 -1.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 15.7 35 -6 9.1 -0.6
REVS Columbia Research Enhanced Value ETF 15.6 19 10 7.5 -2.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 15.5 35 -6 5.8 -3.8
VXF Vanguard Extended Market Index Fund 15.3 6 23 3.6 -6.0
VLU SPDR S&P 1500 Value Tilt ETF 15.3 12 17 7.6 -2.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 15.3 35 -6 5.8 -3.8
DVY iShares Select Dividend ETF 15.2 39 -10 9.8 +0.1
SCHD Schwab U.S. Dividend Equity ETF 15.2 6 23 8.2 -1.5
IJK iShares S&P Mid-Cap 400 Growth ETF 15.1 24 5 5.1 -4.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 15.1 15 14 5.2 -4.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 15.1 63 -34 6.3 -3.4
NUMV Nuveen ESG Mid-Cap Value ETF 14.9 40 -11 7.2 -2.4
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 14.8 35 -6 9.1 -0.6
USMF WisdomTree U.S. Multifactor Fund 14.7 28 1 5.8 -3.8
PKW Invesco Buyback Achievers ETF 14.7 62 -33 7.2 -2.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 14.6 15 14 5.1 -4.6

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 Russell 1000 Dynamic Multifactor 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 11.7 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 9.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.51
 
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.