Invesco Russell 1000 Value Factor ETF
ALTAR
Score™
7.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.8x P/Sales
ratio
1.3x
P/BV
ratio
2.2x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
OVLU tracks an index of large-cap US equities that are selected and weighted by value factors such as cash flow yield, earnings yield, and sales-to-price ratio.

FUND BASICS
Category US Equities
Fund Sponsor OppenheimerFunds
Website www.invesco.com
Inception date Nov 08, 2017
Assets (mns) $7
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 654
Wgt avg mkt cap (mns) $214,881
Large cap (>$10bn) 88.4%
Mid cap ($2-10bn) 11.5%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.8 %
AT&T INC 2.7 %
INTEL CORP 2.6 %
BANK OF AMERICA CORP 2.5 %
EXXON MOBIL CORP 2.3 %
VERIZON COMMUNICATIONS INC 2.0 %
CITIGROUP INC 1.9 %
WELLS FARGO & CO 1.8 %
UNITEDHEALTH GROUP INC 1.8 %
CHEVRON CORP 1.7 %
Total 28.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
IRELAND 1.0 %
BRITAIN 0.7 %
SWITZERLAND 0.4 %
BERMUDA 0.4 %
CHINA 0.1 %
PUERTO RICO 0.1 %
CAYMAN ISLANDS 0.0 %
LUXEMBOURG 0.0 %
NETHERLANDS 0.0 %

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.
29.8% 29.8% -- -- 11.2%

Market Correlations
versus... Beta R-squared
S&P500 0.96 80%
MSCI EAFE 1.02 70%
MSCI Emg. Mkts. 0.69 53%

Technical Indicators
Recent close $29.85
30d moving avg. $29.86
Annualized volatility 15.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $85,654

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: OVLU Expense: 19 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OVLU
Ticker Fund
Name
Overlap1
vs OVLU
(%)
Expense
ratio
(bp)
Savings
vs OVLU
(bp)
ALTAR
Score™
(%)
ALTAR
vs OVLU
(%)
FNDX Schwab Fundamental Large Cap 61.5 25 -6 6.3 -1.3
PRF Invesco FTSE-RAFI U.S. 1000 59.9 39 -20 6.4 -1.2
FNDB Schwab Fundamental Broad Mkt 59.3 25 -6 6.3 -1.3
VLU SPDR S&P 1500 Value Tilt 58.5 12 7 7.1 -0.4
IUS Invesco Strategic US 58.3 19 0 6.3 -1.3
IWD iShares Russell 1000 Value 57.3 19 0 6.7 -0.9
EPS WisdomTree Earnings 500 57.0 8 11 6.6 -1.0
IUSV iShares Core U.S. Value 56.5 4 15 7.0 -0.6
VONV Vanguard Russell 1000 Value 56.3 12 7 6.8 -0.8
SPYV SPDR Portfolio S&P 500 Value 55.6 4 15 7.0 -0.6
IVE iShares S&P 500 Value 55.6 18 1 6.9 -0.7
VOOV Vanguard S&P 500 Value 55.3 15 4 6.8 -0.8
RWL Invesco S&P 500 Revenue ETF 55.1 39 -20 7.3 -0.3
EXT WisdomTree Total Earnings 54.2 28 -9 6.7 -0.9
VTV Vanguard Value ETF 54.2 4 15 7.0 -0.6
SCHV Schwab U.S. Large-Cap Value 54.1 4 15 6.7 -0.9
DIVB iShares U.S. Dividend & Buyback 52.3 25 -6 6.5 -1.1
JHML John Hancock Multifactor Large Cap 51.9 34 -15 5.6 -2.0
DTD WisdomTree Total Dividend 51.2 28 -9 6.5 -1.1
DLN WisdomTree Large Cap Dividend 48.9 28 -9 6.4 -1.2

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.3 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.55
 
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.