Invesco Russell 1000 Yield Factor ETF
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.8x P/Sales
ratio
1.8x
P/BV
ratio
2.2x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
OYLD tracks a dividend-selected and weighted index of US large cap securities.

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 Dividends
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 248
Wgt avg mkt cap (mns) $152,619
Large cap (>$10bn) 94.7%
Mid cap ($2-10bn) 5.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JPMORGAN CHASE & CO 3.6 %
AT&T INC 3.3 %
JOHNSON & JOHNSON 3.3 %
INTEL CORP 3.0 %
EXXON MOBIL CORP 2.7 %
PROCTER & GAMBLE CO/THE 2.6 %
VERIZON COMMUNICATIONS INC 2.5 %
CHEVRON CORP 2.1 %
COCA-COLA CO/THE 2.1 %
HOME DEPOT INC 2.0 %
Total 27.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 102.0 %
IRELAND 2.2 %
BRITAIN 0.3 %
SWITZERLAND 0.1 %







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.
-2.3% 14.8% -- -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 0.81 75%
MSCI EAFE 0.85 65%
MSCI Emg. Mkts. 0.59 53%

Technical Indicators
Recent close $27.46
30d moving avg. $28.51
Annualized volatility 13.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $53,914

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: OYLD Expense: 19 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OYLD
Ticker Fund
Name
Overlap1
vs OYLD
(%)
Expense
ratio
(bp)
Savings
vs OYLD
(bp)
ALTAR
Score™
(%)
ALTAR
vs OYLD
(%)
VYM Vanguard High Dividend Yield Index ETF 78.9 6 13 7.4 -0.0
SCHV Schwab U.S. Large-Cap Value ETF 69.3 4 15 7.1 -0.3
USDY Pacific Global US Equity Income ETF 68.9 29 -10 7.7 +0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 67.6 28 -9 6.7 -0.7
MGV Vanguard Mega Cap Value ETF 67.0 7 12 7.2 -0.1
VTV Vanguard Value Index Fund 65.7 4 15 7.3 -0.0
DTD WisdomTree U.S.Total Dividend Fund 62.7 28 -9 6.8 -0.6
VOOV Vanguard S&P 500 Value ETF 61.4 15 4 7.2 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 61.4 4 15 7.3 -0.1
IVE iShares S&P 500 Value ETF 61.4 18 1 7.2 -0.2
IWX iShares Russell Top 200 Value ETF 60.9 20 -1 7.0 -0.4
DGRO iShares Core Dividend Growth ETF 59.9 8 11 6.6 -0.8
VONV Vanguard Russell 1000 Value Index Fund 59.4 8 11 7.0 -0.4
JKF iShares Morningstar Large Cap Value ETF 59.2 25 -6 7.9 +0.5
OUSA O'Shares FTSE US Quality Dividend ETF 59.1 48 -29 6.1 -1.3
IUSV iShares Core S&P U.S. Value ETF 58.5 4 15 7.3 -0.1
IWD iShares Russell 1000 Value ETF 58.3 19 0 6.9 -0.5
RAFE PIMCO RAFI ESG U.S. ETF 57.1 29 -10 8.2 +0.8
DIVB iShares U.S. Dividend & Buyback ETF 54.2 25 -6 6.9 -0.5
FDRR Fidelity Dividend ETF for Rising Rates 53.9 29 -10 7.6 +0.2

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%.

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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 Yield 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 16.5 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 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.