Invesco Russell 1000 Dynamic Multifactor ETF
ALTAR
Score™
9.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
22.4x P/Sales
ratio
0.7x
P/BV
ratio
1.2x Div.
yield
2.3%


  • 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) $1,113
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 354
Wgt avg mkt cap (mns) $7,549
Large cap (>$10bn) 21.2%
Mid cap ($2-10bn) 75.1%
Small cap (<$2bn) 3.7%
Developed mkts 99.9%
Emerging mkts 0.2%

TOP TEN HOLDINGS
SKYWORKS SOLUTIONS INC 1.3 %
WESTERN DIGITAL CORP 1.2 %
UNITED RENTALS INC 1.1 %
CARDINAL HEALTH INC 1.0 %
DAVITA INC 1.0 %
KROGER CO 0.9 %
FREEPORT-MCMORAN COPPER 0.8 %
MYLAN N.V. 0.8 %
MOLINA HEALTHCARE INC 0.8 %
HEWLETT PACKARD ENTERPRISE CO. 0.7 %
Total 9.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
BRITAIN 1.9 %
BERMUDA 0.8 %
IRELAND 0.6 %
PUERTO RICO 0.3 %
CAYMAN ISLANDS 0.3 %
PANAMA 0.2 %
CANADA 0.1 %
LUXEMBOURG 0.0 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.5% 1.9% -- -- 7.7%

Market Correlations
versus... Beta R-squared
S&P500 0.93 87%
MSCI EAFE 0.90 70%
MSCI Emg. Mkts. 0.63 52%

Technical Indicators
Recent close $29.88
30d moving avg. $30.74
Annualized volatility 18.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 90
Turnover 0.2%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $40,174

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 9.8%


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
(%)
EZM WisdomTree U.S. MidCap Earnings Fund 42.8 38 -9 9.2 -0.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 40.1 20 9 9.4 -0.3
DON WisdomTree U.S. MidCap Dividend Fund 37.5 38 -9 7.7 -2.1
FNK First Trust Mid Cap Value AlphaDEX Fund 36.6 70 -41 10.3 +0.5
RNMC Mid Cap US Equity Select ETF 36.3 60 -31 7.7 -2.0
SCHM Schwab U.S. Mid-Cap ETF 36.1 4 25 6.3 -3.5
ONEY SPDR Russell 1000 Yield Focus ETF 36.0 20 9 9.3 -0.5
VBR Vanguard Small Cap Value Index Fund 34.5 7 22 8.4 -1.4
RWK Invesco S&P MidCap 400 Revenue ETF 33.6 39 -10 8.1 -1.7
PVAL Principal Contrarian Value Index ETF 33.2 29 0 10.1 +0.3
FNX First Trust Mid Cap Core AlphaDEX Fund 32.9 61 -32 6.4 -3.4
FAB First Trust Multi Cap Value AlphaDEX Fund 32.6 71 -42 9.5 -0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 32.2 24 5 6.2 -3.6
MDY SPDR S&P Midcap 400 ETF Trust 32.0 23 6 6.4 -3.3
IJH iShares Core S&P Mid-Cap ETF 32.0 6 23 6.6 -3.2
SPMD SPDR Portfolio Mid Cap ETF 31.9 5 24 6.6 -3.1
JKL iShares Morningstar Small Cap Value ETF 31.6 30 -1 10.4 +0.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 31.6 29 0 6.7 -3.1
IVOO Vanguard S&P Mid-Cap 400 ETF 31.4 10 19 6.5 -3.3
IWS iShares Russell Mid-Cap Value ETF 31.3 24 5 7.2 -2.5
IJJ iShares S&P Mid-Cap 400 Value ETF 31.3 25 4 8.6 -1.2
MDYV SPDR S&P 400 Mid Cap Value ETF 31.3 15 14 8.7 -1.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 31.2 40 -11 7.2 -2.6
JHMM John Hancock Multifactor Mid Cap ETF 31.2 42 -13 5.8 -4.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 30.5 15 14 8.6 -1.2
VOE Vanguard Mid-Cap Value Index Fund 30.1 7 22 8.0 -1.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 29.8 20 9 7.0 -2.7
AFMC First Trust Active Factor Mid Cap ETF 29.0 65 -36 6.3 -3.5
EQAL Invesco Russell 1000 Equal Weight ETF 28.9 20 9 5.7 -4.1
JVAL JPMorgan U.S. Value Factor ETF 28.6 12 17 8.7 -1.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 27.9 29 0 8.2 -1.6
JKI iShares Morningstar Mid-Cap Value ETF 27.5 30 -1 9.2 -0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 27.4 20 9 6.4 -3.3
VUSE Vident Core US Equity Fund 27.1 48 -19 8.3 -1.5
SFYX Sofi Next 500 ETF 27.0 0 29 5.9 -3.8
FSMD Fidelity Small-Mid Factor ETF 26.9 29 0 7.0 -2.7
SMDY Syntax Stratified MidCap ETF 26.6 30 -1 6.4 -3.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 26.0 7 22 5.5 -4.3
VALQ American Century STOXX U.S. Quality Value ETF 25.8 29 0 9.1 -0.7
COWZ Pacer US Cash Cows 100 ETF 25.3 49 -20 10.7 +1.0
VFVA Vanguard U.S. Value Factor ETF 24.7 14 15 11.5 +1.7
JHSC John Hancock Multifactor Small Cap ETF 24.0 42 -13 5.9 -3.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 23.6 17 12 6.4 -3.4
PMOM Principal Sustainable Momentum Index ETF 23.2 29 0 9.0 -0.8
SMMD iShares Russell 2500 ETF 22.9 15 14 5.4 -4.3
VB Vanguard Small-Cap ETF 22.8 5 24 5.4 -4.4
IWR iShares Russell Midcap ETF 22.1 19 10 5.6 -4.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 21.8 20 9 7.6 -2.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 21.6 17 12 5.2 -4.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 21.6 4 25 5.7 -4.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 21.6 6 23 5.3 -4.4
TPLC Timothy Plan US Large Cap Core ETF 21.1 52 -23 5.5 -4.3
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 21.0 48 -19 5.7 -4.0
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 20.9 25 4 7.8 -2.0
PY Principal Shareholder Yield Index ETF 20.7 29 0 9.5 -0.3
BKSE BNY Mellon US Small Cap Core Equity ETF 20.3 4 25 5.7 -4.1
QSY WisdomTree U.S. LargeCap Value Fund 20.0 38 -9 6.8 -3.0
TUSA First Trust Total US Market AlphaDEX ETF 19.7 70 -41 5.9 -3.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 19.7 18 11 6.2 -3.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 19.7 30 -1 5.9 -3.9
RPV Invesco S&P 500 Pure Value ETF 19.5 35 -6 11.1 +1.3
VO Vanguard Mid-Cap Index Fund 19.4 4 25 5.4 -4.4
STLV iShares Factors US Value Style ETF 19.4 25 4 7.8 -2.0
SIZE iShares Edge MSCI USA Size Factor ETF 18.9 15 14 6.3 -3.5
RSP Invesco S&P 500 Equal Weight ETF 18.9 20 9 6.7 -3.1
JDIV JPMorgan U.S. Dividend ETF 18.8 12 17 7.8 -1.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 18.3 35 -6 5.9 -3.9
EUSA iShares MSCI USA Equal Weighted ETF 18.2 15 14 6.3 -3.5
ROUS Hartford Multifactor US Equity ETF 18.2 19 10 7.3 -2.5
AUSF Global X Adaptive U.S. Factor ETF 17.5 27 2 7.9 -1.8
VXF Vanguard Extended Market Index Fund 17.2 7 22 3.7 -6.0
VLUE iShares Edge MSCI USA Value Factor ETF 17.2 15 14 11.3 +1.5
FTA First Trust Large Cap Value AlphaDEX Fund 17.2 60 -31 9.2 -0.6
LRGF iShares Edge MSCI Multifactor USA ETF 16.9 20 9 7.3 -2.5
USMF WisdomTree U.S. Multifactor Fund 16.9 28 1 5.4 -4.3
IJK iShares S&P Mid-Cap 400 Growth ETF 16.7 24 5 4.9 -4.9
MDYG SPDR S&P 400 Mid Cap Growth ETF 16.7 15 14 5.0 -4.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 16.7 15 14 4.9 -4.9
ESGS Columbia Sustainable U.S. Equity Income ETF 16.6 35 -6 8.5 -1.3
FXD First Trust Consumer Discretionary AlphaDEX Fund 16.3 64 -35 7.7 -2.1
SPVM Invesco S&P 500 Value with Momentum ETF 16.2 39 -10 9.1 -0.7
JHMI John Hancock Multifactor Industrials ETF 15.9 40 -11 6.0 -3.8
SPVU Invesco S&P 500 Enhanced Value ETF 15.8 13 16 11.4 +1.6
SCHA Schwab U.S. Small-Cap ETF 15.7 4 25 4.7 -5.1
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 15.4 63 -34 7.0 -2.8
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 15.4 49 -20 9.2 -0.6
SPHB Invesco S&P 500 High Beta ETF 15.4 25 4 9.4 -0.4
SLT Salt TruBeta High Exposure ETF 15.2 29 0 9.3 -0.4
NUMV Nuveen ESG Mid-Cap Value ETF 15.0 40 -11 7.7 -2.0
FXO First Trust Financials AlphaDEX Fund 15.0 63 -34 11.6 +1.8
JHMF John Hancock Multifactor Financials ETF 14.9 40 -11 7.8 -2.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 14.9 25 4 6.6 -3.2
VFMF Vanguard U.S. Multifactor ETF 14.4 19 10 7.2 -2.6
LSAF LeaderShares AlphaFactor US Core Equity ETF 14.4 75 -46 7.3 -2.5
JKG iShares Morningstar Mid-Cap ETF 14.2 25 4 5.5 -4.3
TPHD Timothy Plan High Dividend Stock ETF 14.1 52 -23 7.7 -2.1
REVS Columbia Research Enhanced Value ETF 14.0 19 10 7.7 -2.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 13.9 60 -31 8.4 -1.3
IEFN iShares Evolved U.S. Financials ETF 13.7 18 11 9.3 -0.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 13.6 17 12 6.5 -3.3

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 12.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.52
 
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.