Invesco PureBeta FTSE Developed ex-North America ETF
ALTAR
Score™
7.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.8x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
2.8%


  • 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 1464
Wgt avg mkt cap (mns) $64,890
Large cap (>$10bn) 80.0%
Mid cap ($2-10bn) 18.1%
Small cap (<$2bn) 1.3%
Developed mkts 94.5%
Emerging mkts 5.5%

TOP TEN HOLDINGS
NESTLE SA-REG 2.1 %
SAMSUNG ELECTRONICS CO LTD 1.6 %
ROCHE HOLDING AG-GENUSSCHEIN 1.5 %
NOVARTIS AG-REG 1.1 %
TOYOTA MOTOR CORP 1.1 %
ASML HOLDING NV 1.0 %
ASTRAZENECA PLC 0.9 %
SAP AG 0.8 %
LVMH MOET HENNESSY LOUIS VUI 0.8 %
AIA GROUP LTD 0.8 %
Total 11.8 %

TOP COUNTRY EXPOSURE
JAPAN 25.5 %
BRITAIN 12.0 %
SWITZERLAND 9.2 %
FRANCE 8.7 %
GERMANY 8.3 %
AUSTRALIA 6.7 %
SOUTH KOREA 5.2 %
NETHERLANDS 4.5 %
SWEDEN 3.1 %
HONG KONG 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.4% 2.5% -- -- 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.82 81%
MSCI EAFE 0.95 90%
MSCI Emg. Mkts. 0.69 75%

Technical Indicators
Recent close $23.36
30d moving avg. $23.74
Annualized volatility 16.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $57,500

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 90.5 6 1 7.4 -0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 89.4 20 -13 7.6 -0.1
IEFA iShares Core MSCI EAFE ETF 87.0 7 0 7.4 -0.2
EFA iShares MSCI EAFE ETF 86.4 32 -25 7.2 -0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 86.3 35 -28 7.1 -0.6
GSID Goldman Sachs MarketBeta International Equity ETF 85.4 20 -13 7.5 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 80.7 20 -13 7.2 -0.4
VEA Vanguard FTSE Developed Markets ETF 79.8 5 2 7.5 -0.1
IDEV iShares Core MSCI International Developed Markets ETF 78.6 5 2 7.3 -0.3
BKIE BNY Mellon International Equity ETF 76.0 4 3 7.6 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 75.5 4 3 7.2 -0.4
JHMD John Hancock Multifactor Developed International ETF 68.3 39 -32 7.5 -0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 67.5 20 -13 7.1 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 66.1 45 -38 9.1 +1.5
ACWX iShares MSCI ACWI ex U.S. ETF 65.0 32 -25 7.3 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 64.4 8 -1 7.6 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 64.4 40 -33 7.2 -0.5
VSGX Vanguard ESG International Stock ETF 63.8 17 -10 7.1 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 62.6 25 -18 9.0 +1.3
IQSI IQ Candriam ESG International Equity ETF 62.2 15 -8 7.6 -0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 61.6 30 -23 6.9 -0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 59.9 25 -18 6.8 -0.9
CWI SPDR MSCI ACWI ex-US ETF 59.8 30 -23 7.3 -0.4
IXUS ishares Core MSCI Total International Stock ETF 59.5 9 -2 7.4 -0.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 57.6 35 -28 6.9 -0.7
DWM WisdomTree International Equity Fund 57.4 48 -41 8.6 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 57.4 35 -28 8.9 +1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 55.8 39 -32 6.7 -1.0
FLEH Franklin FTSE Europe Hedged ETF 55.6 9 -2 7.4 -0.2
FLEE Franklin FTSE Europe ETF 55.6 9 -2 7.3 -0.4
PDEV Principal International Multi-Factor Core Index ETF 55.3 25 -18 8.1 +0.5
FEU SPDR Portfolio Europe ETF 55.0 9 -2 7.6 -0.0
IEUR iShares Core MSCI Europe ETF 54.8 9 -2 7.5 -0.1
VGK Vanguard FTSE Europe ETF 54.8 8 -1 7.7 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 54.6 39 -32 8.5 +0.9
VXUS Vanguard Total International Stock Index Fund 54.5 8 -1 7.6 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 53.0 45 -38 7.0 -0.7
BBEU JPMorgan BetaBuilders Europe ETF 53.0 9 -2 7.6 -0.0
IEV iShares Europe ETF 50.8 59 -52 7.1 -0.5
ISDX Invesco Strategic Developed ex-US ETF 49.9 23 -16 7.6 -0.1
DOL WisdomTree International LargeCap Dividend Fund 49.6 48 -41 9.1 +1.4
AVDE Avantis International Equity ETF 49.0 23 -16 7.8 +0.2
CIL VictoryShares International Volatility Weighted Index ETF 48.7 45 -38 7.1 -0.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 48.6 45 -38 7.1 -0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 48.2 25 -18 6.6 -1.0
ISZE iShares Edge MSCI Intl Size Factor ETF 47.7 30 -23 7.4 -0.2
EFG iShares MSCI EAFE Growth ETF 47.5 40 -33 4.6 -3.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 45.6 16 -9 7.0 -0.7
EFV iShares MSCI EAFE Value ETF 45.5 39 -32 10.0 +2.3
DMXF iShares ESG Advanced MSCI EAFE ETF 45.0 12 -5 7.0 -0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 44.2 14 -7 7.1 -0.5
IQIN IQ 500 International ETF 43.8 25 -18 8.9 +1.3
VPL Vanguard FTSE Pacific ETF 42.3 8 -1 7.4 -0.3
IDY Pacific Global International Equity Income ETF 41.8 39 -32 8.2 +0.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 39.7 24 -17 7.0 -0.6
RESD WisdomTree International ESG Fund 37.9 30 -23 7.0 -0.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 37.7 29 -22 8.0 +0.3
RNDM Developed International Equity Select ETF 37.1 65 -58 6.3 -1.4
TPIF Timothy Plan International ETF 36.4 62 -55 6.4 -1.3
VYMI Vanguard International High Dividend Yield ETF 36.0 27 -20 10.3 +2.6
IPAC iShares Core MSCI Pacific ETF 35.1 9 -2 7.2 -0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 34.1 30 -23 6.1 -1.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 33.7 30 -23 4.4 -3.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 32.3 45 -38 6.6 -1.1
ESGG FlexShares STOXX Global ESG Impact Index Fund 32.2 42 -35 5.2 -2.4
RBIN Nationwide Risk-Based International Equity ETF 31.7 42 -35 6.1 -1.5
SCID Global X Scientific Beta Europe ETF 31.3 39 -32 0.0 -7.6
JPIN JPMorgan Diversified Return International Equity ETF 30.9 37 -30 8.0 +0.3
QWLD SPDR MSCI World StrategicFactors ETF 30.6 30 -23 6.1 -1.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 30.3 20 -13 5.5 -2.2
URTH iShares MSCI World ETF 29.3 24 -17 5.6 -2.1
QINT American Century Quality Diversified International ETF 28.3 39 -32 6.2 -1.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 28.2 45 -38 7.1 -0.6
VGFO Virtus WMC Global Factor Opportunities ETF 27.9 49 -42 8.3 +0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 27.7 40 -33 7.0 -0.7
ACWI iShares MSCI ACWI ETF 27.3 32 -25 5.7 -1.9
EURZ Xtrackers Eurozone Equity ETF 27.2 9 -2 7.4 -0.3
EZU iShares MSCI Eurozone ETF 27.2 49 -42 6.9 -0.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 26.6 20 -13 6.0 -1.7
FDEV Fidelity Targeted International Factor ETF 26.5 39 -32 6.6 -1.0
IVLU iShares Edge MSCI Intl Value Factor ETF 26.4 30 -23 11.9 +4.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 26.3 29 -22 7.8 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 26.3 20 -13 6.0 -1.7
IGRO iShares International Dividend Growth ETF 26.1 22 -15 8.6 +0.9
IDHQ Invesco S&P International Developed Quality ETF 25.6 29 -22 5.1 -2.5
FLJP Franklin FTSE Japan ETF 25.4 9 -2 7.4 -0.2
FLJH Franklin FTSE Japan Hedged ETF 25.4 9 -2 7.3 -0.3
VT Vanguard Total World Stock Index Fund 25.1 8 -1 6.0 -1.6
DTH WisdomTree DEFA Equity Income Fund 25.0 58 -51 10.3 +2.6
OEUR O'shares FTSE Europe Quality Dividend ETF 24.3 48 -41 7.1 -0.6
BBJP JPMorgan BetaBuilders Japan ETF 23.9 19 -12 7.2 -0.4
TOK iShares MSCI Kokusai ETF 23.6 25 -18 5.5 -2.1
EWJ iShares MSCI Japan ETF 23.6 49 -42 7.0 -0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 23.5 83 -76 5.8 -1.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 23.5 45 -38 7.1 -0.6
KOKU Xtrackers MSCI Kokusai Equity ETF 23.4 9 -2 5.6 -2.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 23.4 35 -28 8.8 +1.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 23.4 25 -18 7.2 -0.5
QJPN SPDR MSCI Japan StrategicFactors ETF 23.3 14 -7 7.5 -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 10.7 %
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
1.57
 
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.