Invesco PureBeta FTSE Developed ex-North America ETF
ALTAR
Score™
7.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.2x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
2.9%


  • 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) $2
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 1492
Wgt avg mkt cap (mns) $59,040
Large cap (>$10bn) 77.7%
Mid cap ($2-10bn) 20.4%
Small cap (<$2bn) 1.6%
Developed mkts 95.0%
Emerging mkts 5.0%

TOP TEN HOLDINGS
NESTLE SA-REG 2.2 %
ROCHE HOLDING AG-GENUSSCHEIN 1.7 %
SAMSUNG ELECTRONICS CO LTD 1.4 %
NOVARTIS AG-REG 1.3 %
TOYOTA MOTOR CORP 1.1 %
ASTRAZENECA PLC 1.0 %
ASML HOLDING NV 0.9 %
SAP AG 0.9 %
NOVO NORDISK A/S-B 0.8 %
SANOFI-AVENTIS 0.7 %
Total 12.0 %

TOP COUNTRY EXPOSURE
JAPAN 25.8 %
BRITAIN 13.2 %
SWITZERLAND 9.4 %
FRANCE 8.7 %
GERMANY 8.1 %
AUSTRALIA 6.1 %
SOUTH KOREA 4.4 %
NETHERLANDS 4.1 %
HONG KONG 2.9 %
SWEDEN 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.8% -2.5% -- -- -2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.84 83%
MSCI EAFE 0.95 89%
MSCI Emg. Mkts. 0.73 79%

Technical Indicators
Recent close $22.81
30d moving avg. $20.83
Annualized volatility 16.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $72,091

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco PureBeta FTSE Developed ex-North America ETF 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™: 7.6%


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 ETF 90.1 6 1 7.4 -0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 87.8 20 -13 7.5 -0.0
IEFA iShares Core MSCI EAFE ETF 86.6 7 0 7.3 -0.3
EFA iShares MSCI EAFE ETF 86.4 32 -25 7.2 -0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 86.4 35 -28 7.0 -0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 79.8 20 -13 7.3 -0.3
VEA Vanguard FTSE Developed Markets ETF 78.6 5 2 7.4 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 78.0 5 2 7.3 -0.3
SPDW SPDR Portfolio Developed World ex-US ETF 76.3 4 3 7.2 -0.3
JHMD John Hancock Multifactor Developed International ETF 67.8 45 -38 7.4 -0.1
ACWX iShares MSCI ACWI ex U.S. ETF 67.1 32 -25 7.5 -0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 66.5 45 -38 8.8 +1.3
VEU Vanguard FTSE All-World ex-US Index Fund 66.0 8 -1 7.7 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 66.0 40 -33 7.4 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 64.9 25 -18 8.7 +1.1
IQSI IQ Candriam ESG International Equity ETF 62.3 15 -8 7.3 -0.3
IXUS ishares Core MSCI Total International Stock ETF 61.8 9 -2 7.6 0.0
ESGD iShares MSCI EAFE ESG Optimized ETF 61.6 20 -13 7.2 -0.4
CWI SPDR MSCI ACWI ex-US ETF 60.8 30 -23 7.6 +0.1
VXUS Vanguard Total International Stock Index Fund 60.3 8 -1 7.7 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 59.8 25 -18 6.8 -0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 59.8 30 -23 6.8 -0.8
DWM WisdomTree International Equity Fund 58.4 48 -41 8.2 +0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 57.7 35 -28 8.6 +1.0
VSGX Vanguard ESG International Stock ETF 57.5 17 -10 7.4 -0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 56.6 39 -32 9.1 +1.5
FLEH Franklin FTSE Europe Hedged ETF 56.2 9 -2 7.2 -0.4
FLEE Franklin FTSE Europe ETF 56.2 9 -2 7.0 -0.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 56.2 30 -23 6.8 -0.7
PDEV Principal International Multi-Factor Core Index ETF 55.9 25 -18 7.9 +0.3
FEU SPDR Portfolio Europe ETF 55.4 9 -2 7.3 -0.3
IEUR iShares Core MSCI Europe ETF 55.3 9 -2 7.3 -0.3
VGK Vanguard FTSE Europe ETF 55.3 8 -1 7.3 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 55.1 39 -32 6.7 -0.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 53.3 45 -38 6.8 -0.8
BBEU JPMorgan BetaBuilders Europe ETF 53.2 9 -2 7.3 -0.3
IEV iShares Europe ETF 51.3 59 -52 6.8 -0.8
DOL WisdomTree International LargeCap Dividend Fund 50.9 48 -41 8.5 +1.0
EFG iShares MSCI EAFE Growth ETF 50.6 40 -33 4.7 -2.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 49.4 25 -18 6.7 -0.9
ISDX Invesco Strategic Developed ex-US ETF 47.9 23 -16 7.4 -0.2
ISZE iShares Edge MSCI Intl Size Factor ETF 47.4 30 -23 6.9 -0.6
CIL VictoryShares International Volatility Weighted Index ETF 46.3 45 -38 6.7 -0.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 45.8 16 -9 7.1 -0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 44.6 14 -7 7.0 -0.6
IQIN IQ 500 International ETF 44.3 25 -18 9.0 +1.4
EFV iShares MSCI EAFE Value ETF 43.4 39 -32 10.0 +2.4
AVDE Avantis International Equity ETF 42.6 23 -16 7.9 +0.3
IDY Pacific Global International Equity Income ETF 41.4 39 -32 8.0 +0.5
VPL Vanguard FTSE Pacific ETF 41.1 8 -1 7.8 +0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 40.5 83 -76 6.3 -1.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 40.0 24 -17 7.2 -0.4
VYMI Vanguard International High Dividend Yield ETF 39.2 32 -25 10.1 +2.6
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 37.3 48 -41 0.0 -7.6
RNDM Developed International Equity Select ETF 36.7 65 -58 6.4 -1.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 35.5 29 -22 8.1 +0.5
IPAC iShares Core MSCI Pacific ETF 34.2 9 -2 7.5 -0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 34.2 30 -23 6.2 -1.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 34.1 45 -38 6.9 -0.7
TPIF Timothy Plan International ETF 33.9 62 -55 7.0 -0.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 33.7 30 -23 5.0 -2.6
JPEU JPMorgan Diversified Return Europe Equity ETF 33.7 37 -30 6.8 -0.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 33.1 45 -38 7.2 -0.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 33.1 42 -35 5.6 -2.0
SCID Global X Scientific Beta Europe ETF 31.1 38 -31 6.9 -0.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 31.0 20 -13 5.9 -1.7
QINT American Century Quality Diversified International ETF 30.6 39 -32 5.9 -1.7
URTH iShares MSCI World ETF 30.1 24 -17 5.8 -1.8
JPGE JPMorgan Diversified Return Global Equity ETF 29.9 29 -22 7.3 -0.3
JPIN JPMorgan Diversified Return International Equity ETF 29.9 38 -31 8.0 +0.4
RBIN Nationwide Risk-Based International Equity ETF 29.3 42 -35 6.5 -1.1
QWLD SPDR MSCI World StrategicFactors ETF 28.6 30 -23 6.0 -1.5
EUMV iShares Edge MSCI Min Vol Europe ETF 28.1 25 -18 5.5 -2.1
RFEU First Trust Riverfront Dynamic Europe ETF 28.1 83 -76 5.0 -2.6
ACWI iShares MSCI ACWI ETF 28.1 32 -25 6.0 -1.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 27.9 45 -38 6.8 -0.8
FDEV Fidelity Targeted International Factor ETF 27.9 39 -32 6.5 -1.1
IGRO iShares International Dividend Growth ETF 27.9 22 -15 8.0 +0.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 27.3 20 -13 6.4 -1.2
IVLU iShares Edge MSCI Intl Value Factor ETF 27.2 30 -23 11.3 +3.7
EURZ Xtrackers Eurozone Equity ETF 27.0 9 -2 7.0 -0.5
DTH WisdomTree DEFA Equity Income Fund 26.9 58 -51 9.6 +2.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 26.8 29 -22 8.6 +1.0
EZU iShares MSCI Eurozone ETF 26.7 49 -42 6.7 -0.9
VT Vanguard Total World Stock Index Fund 26.7 8 -1 6.3 -1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 26.5 20 -13 6.3 -1.3
NUDM Nuveen ESG International Developed Markets Equity ETF 26.0 40 -33 6.9 -0.7
FLJP Franklin FTSE Japan ETF 25.8 9 -2 7.8 +0.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 25.8 30 -23 7.6 +0.0
FLJH Franklin FTSE Japan Hedged ETF 25.8 9 -2 7.7 +0.2
OEUR O'shares FTSE Europe Quality Dividend ETF 25.8 48 -41 6.6 -1.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 25.6 35 -28 8.6 +1.0
IDHQ Invesco S&P International Developed High Quality ETF 25.1 29 -22 5.4 -2.2
IOO iShares Global 100 ETF 24.3 40 -33 4.9 -2.7
BBJP JPMorgan BetaBuilders Japan ETF 24.3 19 -12 7.7 +0.1
FIVA Fidelity International Value Factor ETF 24.3 39 -32 10.2 +2.6
TOK iShares MSCI Kokusai ETF 23.8 25 -18 5.7 -1.8
EWJ iShares MSCI Japan ETF 23.8 49 -42 7.4 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 23.6 45 -38 7.4 -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 PureBeta FTSE Developed ex-North America 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 10.8 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.59
 
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.