Invesco PureBeta FTSE Emerging Markets ETF
ALTAR
Score™
8.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.1x P/Sales
ratio
1.4x
P/BV
ratio
1.7x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco PureBeta FTSE Emerging Markets Portfolio tracks a market-cap-weighted index of large- and midcap emerging-market companies.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco PowerShares
Website www.invesco.com
Inception date Sep 22, 2017
Assets (mns) $2
Currency USD
Expense ratio 15 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 894
Wgt avg mkt cap (mns) $160,004
Large cap (>$10bn) 72.2%
Mid cap ($2-10bn) 21.9%
Small cap (<$2bn) 3.2%
Developed mkts 10.1%
Emerging mkts 89.9%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.7 %
TENCENT HOLDINGS LTD 6.8 %
TAIWAN SEMICONDUCTOR MANUFAC 6.3 %
INVESCO INDIA ETF 4.6 %
MEITUAN DIANPING 1.9 %
ISHARES MSCI INDIA ETF 1.6 %
NASPERS LTD-N SHS 1.3 %
RELIANCE INDS-SPONS GDR 144A 1.1 %
CHINA CONSTRUCTION BANK-H 1.1 %
JD.COM INC-ADR 1.1 %
Total 34.5 %

TOP COUNTRY EXPOSURE
CHINA 40.9 %
TAIWAN 14.4 %
BRAZIL 5.4 %
INDIA 4.4 %
SOUTH AFRICA 4.0 %
HONG KONG 3.9 %
SAUDI ARABIA 3.2 %
RUSSIA 2.7 %
THAILAND 2.2 %
MALAYSIA 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.9% 13.0% -- -- 3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.80 63%
MSCI EAFE 0.96 75%
MSCI Emg. Mkts. 0.85 93%

Technical Indicators
Recent close $24.06
30d moving avg. $24.79
Annualized volatility 18.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.48%
ADV underlying (mns) $12,483

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco PureBeta FTSE Emerging Markets ETF ETF based on the alternatives' overlap in portfolio holdings with PBEE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PBEE Expense: 15 bp ALTAR Score™: 8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PBEE
Ticker Fund
Name
Overlap1
vs PBEE
(%)
Expense
ratio
(bp)
Savings
vs PBEE
(bp)
ALTAR
Score™
(%)
ALTAR
vs PBEE
(%)
SCHE Schwab Emerging Markets Equity ETF 76.6 11 4 8.2 -0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 70.2 65 -50 7.6 -1.3
EEM iShares MSCI Emerging Markets ETF 69.1 68 -53 7.6 -1.3
VWO Vanguard FTSE Emerging Markets ETF 67.2 10 5 8.2 -0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 64.6 36 -21 7.7 -1.2
IEMG iShares Core MSCI Emerging Markets ETF 63.7 13 2 8.1 -0.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 60.6 30 -15 7.9 -0.9
SPEM SPDR Portfolio Emerging Markets ETF 59.2 11 4 8.1 -0.7
FLAX Franklin FTSE Asia Ex Japan ETF 58.5 19 -4 7.9 -1.0
BKEM BNY Mellon Emerging Markets Equity ETF 58.2 11 4 8.6 -0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 58.2 68 -53 7.2 -1.7
EEMA iShares MSCI Emerging Markets Asia ETF 57.3 50 -35 7.8 -1.1
GMF SPDR S&P Emerging Asia Pacific ETF 52.3 49 -34 7.5 -1.3
JHEM John Hancock Multifactor Emerging Markets ETF 51.8 49 -34 8.8 -0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 51.5 32 -17 6.0 -2.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 51.5 45 -30 7.7 -1.1
ESGE iShares ESG MSCI EM ETF 51.4 25 -10 8.8 -0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 48.8 20 -5 7.0 -1.9
BKF iShares MSCI BRIC ETF 47.9 69 -54 7.7 -1.1
PXH Invesco FTSE RAFI Emerging Markets ETF 45.1 50 -35 13.9 +5.1
FLCH Franklin FTSE China ETF 42.2 19 -4 8.6 -0.3
GXC SPDR S&P China ETF 41.6 59 -44 8.3 -0.5
MCHI iShares MSCI China ETF 41.5 59 -44 8.1 -0.8
AVEM Avantis Emerging Markets Equity ETF 40.4 33 -18 9.1 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 40.2 59 -44 11.4 +2.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 39.4 49 -34 8.1 -0.8
DVEM WisdomTree Emerging Markets Dividend Fund 38.8 32 -17 7.4 -1.4
EMXC iShares MSCI Emerging Markets ex China ETF 38.7 25 -10 8.3 -0.6
CN Xtrackers MSCI All China Equity ETF 38.6 50 -35 8.4 -0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 38.4 49 -34 8.3 -0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 38.3 30 -15 9.0 +0.1
ISEM Invesco Strategic Emerging Markets ETF 37.4 35 -20 11.1 +2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 36.8 45 -30 7.1 -1.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 36.5 39 -24 13.5 +4.6
EEMO Invesco S&P Emerging Markets Momentum ETF 36.1 29 -14 6.5 -2.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 34.9 40 -25 7.4 -1.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 34.6 95 -80 8.4 -0.5
CHIL Global X MSCI China Large-Cap 50 ETF 30.8 29 -14 8.0 -0.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 30.0 32 -17 6.1 -2.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 28.6 44 -29 9.2 +0.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 28.4 49 -34 7.9 -1.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 28.3 45 -30 8.8 -0.1
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 26.4 50 -35 10.7 +1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 25.2 32 -17 9.2 +0.3
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 24.8 25 -10 8.1 -0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 24.1 16 -1 6.9 -2.0
AIA iShares Asia 50 ETF 23.8 50 -35 8.2 -0.7
EMMF WisdomTree Emerging Markets Multifactor Fund 23.6 48 -33 9.7 +0.8
ROAM Hartford Multifactor Emerging Markets ETF 23.4 44 -29 13.4 +4.5
RNEM Emerging Markets Equity Select ETF 22.7 75 -60 12.4 +3.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.7 86 -71 2.3 -6.6
VYMI Vanguard International High Dividend Yield ETF 22.6 27 -12 10.3 +1.5
ACWX iShares MSCI ACWI ex U.S. ETF 22.6 32 -17 7.3 -1.6
KWEB KraneShares CSI China Internet ETF 22.0 76 -61 2.0 -6.9
VSGX Vanguard ESG International Stock ETF 22.0 17 -2 7.1 -1.8
FDNI First Trust Dow Jones International Internet ETF 21.8 65 -50 2.2 -6.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 21.1 45 -30 9.2 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.6 40 -25 7.1 -1.8
ECON Columbia Emerging Markets Consumer ETF 20.0 59 -44 4.6 -4.2
TTTN UP Fintech China-U.S. Internet Titans ETF 19.5 59 -44 4.3 -4.6
VEU Vanguard FTSE All-World ex-US Index Fund 18.7 8 7 7.6 -1.3
IXUS ishares Core MSCI Total International Stock ETF 18.6 9 6 7.4 -1.5
FXI iShares China Large-Cap ETF 18.3 74 -59 14.0 +5.2
XCEM Columbia EM Core ex-China ETF 18.0 16 -1 7.4 -1.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 17.7 29 -14 10.2 +1.3
VXUS Vanguard Total International Stock Index Fund 17.5 8 7 7.5 -1.3
PIE Invesco DWA Emerging Markets Momentum ETF 17.4 90 -75 5.0 -3.9
BICK First Trust BICK Index Fund 17.3 64 -49 4.6 -4.2
CWI SPDR MSCI ACWI ex-US ETF 16.3 30 -15 7.2 -1.7
CHIQ Global X China Consumer ETF 15.5 65 -50 7.4 -1.4
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 14.7 18 -3 5.5 -3.4
FLTW Franklin FTSE Taiwan ETF 14.4 19 -4 6.4 -2.5
FNI First Trust Chindia ETF 14.3 60 -45 2.6 -6.2
OGIG O'Shares Global Internet Giants ETF 14.1 48 -33 0.8 -8.1
EWT iShares MSCI Taiwan ETF 14.1 59 -44 6.1 -2.8
PEK VanEck Vectors ChinaAMC CSI 300 ETF 13.7 60 -45 7.2 -1.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 13.7 45 -30 14.7 +5.9
DINT Davis Select International ETF 13.2 68 -53 6.1 -2.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.0 20 -5 11.5 +2.6
WUGI Esoterica NextG Economy ETF 13.0 75 -60 1.6 -7.3
PGJ Invesco Golden Dragon China ETF 12.8 70 -55 3.3 -5.6
GBUY Goldman Sachs Motif New Age Consumer ETF 12.0 50 -35 1.8 -7.1
DEM WisdomTree Emerging Markets High Dividend Fund 11.8 63 -48 15.4 +6.5
EMFM Global X MSCI Next Emerging & Frontier ETF 11.4 66 -51 9.1 +0.3
DWLD Davis Select Worldwide ETF 11.3 63 -48 6.7 -2.2
PNQI Invesco NASDAQ Internet ETF 11.2 60 -45 1.0 -7.9
VIGI Vanguard International Dividend Appreciation ETF 10.8 20 -5 5.5 -3.3
CQQQ Invesco China Technology ETF 10.7 70 -55 4.1 -4.8
BUYZ Franklin Disruptive Commerce ETF 10.2 50 -35 -0.2 -9.0
JOYY Infusive Compounding Global Equities ETF 10.1 50 -35 6.1 -2.8
CHIC Global X Nasdaq China Technology ETF 10.0 66 -51 4.2 -4.7
ACWI iShares MSCI ACWI ETF 9.9 32 -17 6.2 -2.7
GIGE SoFi Gig Economy ETF 9.7 59 -44 -0.7 -9.5
FEM First Trust Emerging Markets AlphaDEX Fund 9.6 80 -65 14.2 +5.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 9.1 60 -45 4.5 -4.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 8.8 20 -5 6.4 -2.5
GENY Principal Millennials Index ETF 8.7 45 -30 4.1 -4.7
FRDM Freedom 100 Emerging Markets ETF 8.5 49 -34 6.9 -2.0
LOWC SPDR MSCI ACWI Low Carbon Target ETF 8.4 20 -5 6.4 -2.5

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 Emerging Markets 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 14.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.44
 
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.