Invesco Russell 1000 Quality Factor ETF
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.5x P/Sales
ratio
2.5x
P/BV
ratio
4.2x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
OQAL tracks an index of large-cap US equities that are selected and weighted by quality factors such as return on assets, asset turnover, accruals, and leverage.

FUND BASICS
Category US Equities
Fund Sponsor OppenheimerFunds
Website www.invesco.com
Inception date Nov 08, 2017
Assets (mns) $6
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 398
Wgt avg mkt cap (mns) $427,100
Large cap (>$10bn) 95.3%
Mid cap ($2-10bn) 4.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 10.3 %
MICROSOFT CORP 7.0 %
AMAZON.COM INC 5.0 %
FACEBOOK 3.7 %
VISA INC-CLASS A SHARES 3.6 %
MASTERCARD INC-CLASS A 3.1 %
ALPHABET INC. CLASS C 3.1 %
ALPHABET INC. CLASS A 3.0 %
JOHNSON & JOHNSON 2.6 %
INTEL CORP 2.1 %
Total 43.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 117.0 %
IRELAND 1.6 %
BRITAIN 0.2 %
CHINA 0.1 %
SWITZERLAND 0.1 %
BERMUDA 0.0 %
CAYMAN ISLANDS 0.0 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.8% 22.8% -- -- 14.2%

Market Correlations
versus... Beta R-squared
S&P500 0.97 90%
MSCI EAFE 0.94 68%
MSCI Emg. Mkts. 0.62 49%

Technical Indicators
Recent close $28.39
30d moving avg. $32.54
Annualized volatility 14.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $127,325

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco Russell 1000 Quality Factor ETF ETF based on the alternatives' overlap in portfolio holdings with OQAL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OQAL Expense: 19 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OQAL
Ticker Fund
Name
Overlap1
vs OQAL
(%)
Expense
ratio
(bp)
Savings
vs OQAL
(bp)
ALTAR
Score™
(%)
ALTAR
vs OQAL
(%)
QARP Xtrackers Russell 1000 US QARP 77.1 19 0 6.3 +0.3
IWF iShares Russell 1000 Growth 75.8 19 0 4.5 -1.5
VONG Vanguard Russell 1000 Growth 75.7 12 7 4.6 -1.4
IVW iShares S&P 500 Growth 74.9 18 1 4.6 -1.4
SPYG SPDR Portfolio S&P 500 Growth 74.9 4 15 4.7 -1.3
VOOG Vanguard S&P 500 Growth 74.8 15 4 4.6 -1.4
OMOM Invesco Russell 1000 Momentum Factor ETF 74.1 19 0 5.8 -0.2
IUSG iShares Core U.S. Growth 73.9 4 15 4.7 -1.3
SPXN ProShares S&P 500 Ex-Financials 73.1 27 -8 5.5 -0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions 72.9 49 -30 4.7 -1.3
IWY iShares Russell Top 200 Growth 72.8 20 -1 4.6 -1.4
XOUT GraniteShares XOUT US Large Cap 71.6 60 -41 4.8 -1.2
OVOL Invesco Russell 1000 Low Volatility Factor ETF 70.6 19 0 6.6 +0.6
OEF iShares S&P 100 70.2 20 -1 5.2 -0.8
IQSU IQ Candriam ESG US Equity ETF 69.2 9 10 5.4 -0.6
VUG Vanguard Growth ETF 69.0 4 15 4.3 -1.7
IWL iShares Russell Top 200 68.8 15 4 5.3 -0.7
XLG Invesco S&P Top 50 67.7 20 -1 4.9 -1.1
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 67.3 29 -10 8.7 +2.7
MGK Vanguard Mega Cap 300 Growth 66.9 7 12 4.4 -1.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Quality Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 25.5 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.