Invesco PureBeta FTSE Developed ex-North America
ALTAR
Score™
7.3% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
15.8x P/Sales
ratio
1.1x
P/BV
ratio
1.7x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
PBDM tracks an index of large- and midcap developed-market securities, selected and weighted by market cap, excluding the US and Canada. lf

FUND BASICS
Category International Equities
Fund Sponsor Invesco PowerShares
Website www.invesco.com
Inception date Sep 22, 2017
Assets (mns) $3
Currency USD
Expense ratio 7 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1485
Wgt avg mkt cap (mns) $66,610
Large cap (>$10bn) 80.7%
Mid cap ($2-10bn) 17.8%
Small cap (<$2bn) 1.4%
Developed mkts 95.0%
Emerging mkts 5.0%

TOP TEN HOLDINGS
NESTLE SA-REG 1.9 %
SAMSUNG ELECTRONICS CO LTD 1.5 %
ROCHE HOLDING AG-GENUSSCHEIN 1.4 %
NOVARTIS AG-REG 1.2 %
TOYOTA MOTOR CORP 1.0 %
HSBC HOLDINGS PLC 0.9 %
SAP AG 0.8 %
ASTRAZENECA PLC 0.8 %
AIA GROUP LTD 0.8 %
TOTAL SA 0.8 %
Total 11.3 %

TOP COUNTRY EXPOSURE
JAPAN 23.7 %
BRITAIN 15.1 %
FRANCE 9.3 %
SWITZERLAND 9.0 %
GERMANY 8.0 %
AUSTRALIA 6.6 %
SOUTH KOREA 4.5 %
NETHERLANDS 3.8 %
HONG KONG 3.2 %
SWEDEN 2.6 %

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.
22.4% 22.4% -- -- 4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.81 75%
MSCI EAFE 0.96 81%
MSCI Emg. Mkts. 0.69 71%

Technical Indicators
Recent close $25.50
30d moving avg. $25.30
Annualized volatility 13.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $45,554

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the Invesco PureBeta FTSE Developed ex-North America ETF based on the alternatives' overlap in portfolio holdings with PBDM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PBDM Expense: 7 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PBDM
Ticker Fund
Name
Overlap1
vs PBDM
(%)
Expense
ratio
(bp)
Savings
vs PBDM
(bp)
ALTAR
Score™
(%)
ALTAR
vs PBDM
(%)
SCHF Schwab International Equity 90.4 6 1 7.1 -0.2
HFXI IQ 50 Percent Hedged FTSE Int'l 88.8 20 -13 7.0 -0.2
EFA iShares MSCI EAFE 87.4 31 -24 6.7 -0.6
DBEF Xtrackers MSCI EAFE Hedged 87.1 35 -28 6.6 -0.7
IEFA iShares Core MSCI EAFE 87.0 7 0 6.8 -0.4
VEA Vanguard Europe Pacific 79.8 5 2 7.1 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free 79.4 20 -13 6.8 -0.4
IDEV iShares Core MSCI Int'l Developed Markets 78.7 5 2 6.9 -0.4
SPDW SPDR Portfolio World ex-US 76.7 4 3 6.9 -0.4
PXF Invesco FTSE-RAFI Developed ex-US 68.6 45 -38 7.9 +0.6
JHMD John Hancock Multifactor Developed International 68.2 45 -38 7.0 -0.3
VEU Vanguard FTSE All-World ex-US 68.0 9 -2 7.3 +0.0
ACWX iShares MSCI ACWI ex-US 67.0 31 -24 7.1 -0.2
FNDF Schwab Fundamental Intl Large Cap 66.6 25 -18 7.4 +0.1
DBAW Xtrackers MSCI All World ex-US Hedged 65.4 40 -33 6.9 -0.3
ESGD iShares MSCI EAFE ESG Optimized 64.2 20 -13 6.7 -0.6
DWM WisdomTree DEFA Fund 63.4 48 -41 7.4 +0.2
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 62.4 35 -28 7.6 +0.3
VXUS Vanguard Total International Stock 62.0 9 -2 7.3 +0.0

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 PureBeta FTSE Developed ex-North America
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 11.3 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.63
 
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.