Invesco Russell 1000 Dynamic Multifactor ETF
ALTAR
Score™
7.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
36.2x P/Sales
ratio
1.1x
P/BV
ratio
1.7x Div.
yield
1.9%


  • 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) $1,362
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 774
Wgt avg mkt cap (mns) $10,252
Large cap (>$10bn) 39.5%
Mid cap ($2-10bn) 59.5%
Small cap (<$2bn) 0.5%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
DELL TECHNOLOGIES INC CLASS V 0.9 %
IAC/INTERACTIVECORP. 0.7 %
MOLINA HEALTHCARE INC 0.7 %
BEST BUY CO INC 0.7 %
WHIRLPOOL CORP 0.7 %
UNITED RENTALS INC 0.6 %
MCKESSON CORP 0.6 %
DR HORTON INC 0.6 %
QUANTA SERVICES INC 0.6 %
PROGRESSIVE CORP 0.6 %
Total 6.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
IRELAND 1.9 %
BRITAIN 1.3 %
BERMUDA 0.7 %
LUXEMBOURG 0.3 %
SWITZERLAND 0.2 %
CHINA 0.2 %
BRAZIL 0.1 %
NETHERLANDS 0.1 %
CAYMAN ISLANDS 0.1 %

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.
20.9% 20.9% -- -- 17.2%

Market Correlations
versus... Beta R-squared
S&P500 1.00 82%
MSCI EAFE 0.97 76%
MSCI Emg. Mkts. 0.71 52%

Technical Indicators
Recent close $42.41
30d moving avg. $40.46
Annualized volatility 20.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 149
Turnover 0.5%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $34,185

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™: 7.2%


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
(%)
ONEO SPDR Russell 1000 Momentum Focus ETF 75.2 20 9 5.6 -1.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 67.0 17 12 5.6 -1.6
IWR iShares Russell Midcap ETF 58.8 19 10 4.7 -2.5
SIZE iShares MSCI USA Size Factor ETF 57.2 15 14 5.1 -2.1
EUSA iShares MSCI USA Equal Weighted ETF 57.1 15 14 5.1 -2.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 56.3 35 -6 5.1 -2.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 56.1 35 -6 5.0 -2.2
JHMM John Hancock Multifactor Mid Cap ETF 55.9 42 -13 4.7 -2.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 55.6 29 0 6.0 -1.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 53.7 9 20 5.0 -2.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 52.0 4 25 4.9 -2.4
EQAL Invesco Russell 1000 Equal Weight ETF 50.4 20 9 5.0 -2.2
RSP Invesco S&P 500 Equal Weight ETF 48.7 20 9 5.6 -1.6
JHML John Hancock Multifactor Large Cap ETF 48.0 29 0 4.9 -2.4
FEX First Trust Large Cap Core AlphaDEX Fund 46.1 60 -31 4.7 -2.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 45.2 30 -1 5.2 -2.0
IWS iShares Russell Mid-Cap Value ETF 44.8 24 5 5.9 -1.3
TPLC Timothy Plan US Large Cap Core ETF 44.8 52 -23 4.4 -2.8
TUSA First Trust Total US Market AlphaDEX ETF 44.0 70 -41 4.8 -2.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 43.9 24 5 5.4 -1.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 42.9 20 9 6.2 -1.1
ESGV Vanguard ESG U.S. Stock ETF 42.5 12 17 4.5 -2.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 41.8 35 -6 5.1 -2.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 40.2 18 11 5.6 -1.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 39.7 29 0 6.1 -1.1
VO Vanguard Mid-Cap Index Fund 39.6 4 25 4.5 -2.7
AVUS Avantis U.S. Equity ETF 39.3 15 14 4.8 -2.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 38.7 9 20 4.8 -2.4
VONV Vanguard Russell 1000 Value Index Fund 38.3 8 21 6.1 -1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 37.3 30 -1 5.0 -2.2
IWD iShares Russell 1000 Value ETF 37.1 19 10 6.0 -1.2
DFAU Dimensional US Core Equity Market ETF 36.8 12 17 4.7 -2.6
IWB iShares Russell 1000 ETF 36.7 15 14 4.5 -2.8
RNLC Large Cap US Equity Select ETF 36.5 60 -31 5.2 -2.0
JMOM JPMorgan U.S. Momentum Factor ETF 36.3 12 17 3.0 -4.3
IYY iShares Dow Jones U.S. ETF 36.0 20 9 4.4 -2.8
VTHR Vanguard Russell 3000 Index Fund 35.9 10 19 4.4 -2.9
ROUS Hartford Multifactor US Equity ETF 35.8 19 10 5.9 -1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 35.8 17 12 6.1 -1.2
SCHK Schwab 1000 Index ETF 35.5 5 24 4.6 -2.7
SCHM Schwab U.S. Mid-Cap ETF 35.3 4 25 5.0 -2.3
SCHX Schwab U.S. Large-Cap ETF 35.2 3 26 4.6 -2.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 35.0 20 9 6.6 -0.6
IWV iShares Russell 3000 ETF 35.0 20 9 4.3 -3.0
SCHB Schwab U.S. Broad Market ETF 34.7 3 26 4.5 -2.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 34.6 3 26 4.4 -2.8
STMB iShares Factors US Mid Blend Style ETF 34.6 30 -1 4.9 -2.3
VONE Vanguard Russell 1000 ETF 34.5 8 21 4.6 -2.7
IWP iShares Russell Mid-Cap Growth ETF 34.5 24 5 2.6 -4.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 34.2 66 -37 1.8 -5.5
VTI Vanguard Total Stock Market Index Fund 34.0 3 26 4.4 -2.8
PRF Invesco FTSE RAFI US 1000 ETF 33.9 39 -10 5.8 -1.5
PBUS Invesco PureBeta MSCI USA ETF 33.6 4 25 4.6 -2.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 33.5 25 4 4.9 -2.4
SCHV Schwab U.S. Large-Cap Value ETF 33.2 4 25 6.1 -1.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 33.1 60 -31 4.6 -2.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 32.4 25 4 5.7 -1.6
RESP WisdomTree US ESG Fund of Benef Interest 32.4 28 1 5.1 -2.2
BFOR Barron's 400 ETF 32.2 65 -36 5.5 -1.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.2 2 27 4.6 -2.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 32.1 25 4 5.8 -1.5
RBUS Nationwide Risk-Based U.S. Equity ETF 32.0 30 -1 4.6 -2.7
IUS Invesco Strategic US ETF 31.9 19 10 5.5 -1.8
AFLG First Trust Active Factor Large Cap ETF 31.8 55 -26 4.7 -2.6
VFMF Vanguard U.S. Multifactor ETF 31.7 19 10 6.1 -1.2
VV Vanguard Large-Cap Index Fund 31.4 4 25 4.6 -2.7
VLU SPDR S&P 1500 Value Tilt ETF 31.4 12 17 6.1 -1.1
SPTM SPDR Portfolio Total Stock Market ETF 31.3 3 26 4.8 -2.4
EPS WisdomTree U.S. Earnings 500 Fund 31.2 8 21 5.9 -1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 31.1 7 22 4.5 -2.7
CATH Global X S&P 500 Catholic Values Custom ETF 30.9 29 0 4.6 -2.7
VFMO Vanguard U.S. Momentum Factor ETF 30.9 13 16 1.4 -5.9
USXF iShares ESG Advanced MSCI USA ETF 30.9 10 19 4.5 -2.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 30.7 12 17 4.0 -3.2
JVAL JPMorgan U.S. Value Factor ETF 30.3 12 17 7.1 -0.1
IUSV iShares Core S&P U.S. Value ETF 30.2 4 25 6.4 -0.8
VOOV Vanguard S&P 500 Value ETF 30.1 10 19 6.6 -0.6
FAB First Trust Multi Cap Value AlphaDEX Fund 30.0 71 -42 7.5 +0.3
PBP Invesco S&P 500 BuyWrite ETF 30.0 49 -20 4.3 -2.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 29.9 20 9 4.8 -2.5
QUS SPDR MSCI USA StrategicFactors ETF 29.9 15 14 5.3 -2.0
RWL Invesco S&P 500 Revenue ETF 29.8 39 -10 6.2 -1.0
SMMD iShares Russell 2500 ETF 29.7 15 14 4.7 -2.6
XYLG Global X S&P 500 Covered Call & Growth ETF 29.7 60 -31 4.4 -2.8
SPLG SPDR Portfolio Large Cap ETF 29.5 3 26 4.7 -2.5
USMF WisdomTree U.S. Multifactor Fund 29.4 28 1 5.4 -1.9
SPY SPDR S&P 500 ETF Trust 29.4 9 20 4.7 -2.6
IVV iShares Core S&P 500 ETF 29.3 3 26 4.7 -2.5
SFY SoFi Select 500 ETF 29.2 0 29 4.6 -2.7
XVV iShares ESG Screened S&P 500 ETF 29.2 8 21 4.9 -2.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 29.1 34 -5 4.3 -3.0
SPXE ProShares S&P 500 Ex-Energy ETF 29.0 27 2 4.6 -2.6
VOO VANGUARD S&P 500 ETF 28.9 3 26 4.8 -2.4
VXF Vanguard Extended Market Index Fund 28.9 6 23 2.5 -4.8
ESGU iShares MSCI USA ESG Optimized ETF 28.8 15 14 4.4 -2.8
SPXT ProShares S&P 500 Ex-Technology ETF 28.6 27 2 4.9 -2.4
VB Vanguard Small-Cap ETF 28.2 5 24 4.4 -2.9

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%.

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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 11.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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