Invesco Russell 1000 Quality Factor ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
22.2x P/Sales
ratio
2.9x
P/BV
ratio
5.4x Div.
yield
1.6%


  • 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) $368,290
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 7.8 %
MICROSOFT CORP 5.2 %
AMAZON.COM INC 3.8 %
FACEBOOK 3.2 %
VISA INC-CLASS A SHARES 2.8 %
ALPHABET INC. CLASS C 2.5 %
ALPHABET INC. CLASS A 2.4 %
MASTERCARD INC-CLASS A 2.4 %
JOHNSON & JOHNSON 2.2 %
EXXON MOBIL CORP 1.9 %
Total 34.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
IRELAND 1.4 %
BRITAIN 0.2 %
CHINA 0.1 %
SWITZERLAND 0.1 %
CAYMAN ISLANDS 0.0 %
BERMUDA 0.0 %




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.
28.4% 17.2% -- -- 13.4%

Market Correlations
versus... Beta R-squared
S&P500 0.97 90%
MSCI EAFE 0.97 68%
MSCI Emg. Mkts. 0.69 53%

Technical Indicators
Recent close $31.40
30d moving avg. $30.74
Annualized volatility 14.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $107,290

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™: 5.2%


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
(%)
SPXN ProShares S&P 500 Ex-Financials 71.3 27 -8 5.8 +0.6
QARP Xtrackers Russell 1000 US QARP 70.2 19 0 6.3 +1.1
IWF iShares Russell 1000 Growth 68.9 19 0 4.9 -0.3
VONG Vanguard Russell 1000 Growth 68.5 12 7 5.0 -0.2
IWL iShares Russell Top 200 66.5 15 4 5.6 +0.4
MGC Vanguard Mega Cap 300 ETF 64.9 7 12 5.7 +0.5
OEF iShares S&P 100 64.6 20 -1 5.4 +0.2
PRID InsightShares LGBT Employment Equality 64.5 65 -46 5.4 +0.1
XOUT GraniteShares XOUT US Large Cap 64.3 60 -41 5.0 -0.2
PBP Invesco S&P 500 Buy/Write 64.1 49 -30 5.4 +0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity 64.0 20 -1 5.5 +0.3
SPLG SPDR Portfolio Large Cap 63.5 3 16 5.7 +0.5
HSPX Global X S&P 500 Covered Call 63.3 65 -46 5.3 +0.0
IUSG iShares Core U.S. Growth 63.1 4 15 5.0 -0.2
IVV iShares Core S&P 500 63.1 4 15 5.8 +0.6
SPY S&P 500 SPDR 63.1 9 10 5.8 +0.6
SFY SoFi Select 500 62.8 0 19 5.5 +0.3
SPYG SPDR Portfolio S&P 500 Growth 62.7 4 15 5.0 -0.2
VOO Vanguard S&P 500 ETF 62.7 3 16 5.9 +0.7
IVW iShares S&P 500 Growth 62.7 18 1 4.9 -0.4

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 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 25.0 %
Divided by: Fwd. P/BV 4.6 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.