Invesco PureBeta FTSE Emerging Markets ETF
ALTAR
Score™
7.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.3x P/Sales
ratio
1.5x
P/BV
ratio
2.0x 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) $3
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 891
Wgt avg mkt cap (mns) $145,243
Large cap (>$10bn) 72.7%
Mid cap ($2-10bn) 20.4%
Small cap (<$2bn) 3.1%
Developed mkts 10.4%
Emerging mkts 86.3%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 7.7 %
TENCENT HOLDINGS LTD 7.1 %
ALIBABA GROUP HOLDING LTD. SPONSOR 6.3 %
INVESCO INDIA ETF 4.5 %
MEITUAN DIANPING 2.5 %
ISHARES MSCI INDIA ETF 2.3 %
NASPERS LTD-N SHS 1.4 %
JD.COM INC-ADR 1.1 %
CHINA CONSTRUCTION BANK-H 1.1 %
BAIDU INC - SPON ADR 1.0 %
Total 34.8 %

TOP COUNTRY EXPOSURE
CHINA 41.9 %
TAIWAN 15.9 %
BRAZIL 5.5 %
SOUTH AFRICA 4.2 %
INDIA 4.0 %
HONG KONG 3.1 %
SAUDI ARABIA 2.8 %
RUSSIA 2.5 %
THAILAND 2.2 %
MEXICO 2.1 %

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.
13.4% 13.4% -- -- 7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.78 63%
MSCI EAFE 0.82 70%
MSCI Emg. Mkts. 0.84 94%

Technical Indicators
Recent close $30.79
30d moving avg. $28.86
Annualized volatility 18.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $79,342

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 7.3%


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 77.7 11 4 6.7 -0.6
DFAE Dimensional Emerging Core Equity Market ETF 75.5 35 -20 7.0 -0.3
EEM iShares MSCI Emerging Markets ETF 68.5 70 -55 6.0 -1.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 68.1 65 -50 6.0 -1.3
VWO Vanguard FTSE Emerging Markets ETF 67.9 10 5 6.9 -0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 65.9 36 -21 6.8 -0.5
IEMG iShares Core MSCI Emerging Markets ETF 62.9 11 4 6.6 -0.7
SPEM SPDR Portfolio Emerging Markets ETF 61.4 11 4 6.5 -0.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 60.8 30 -15 6.4 -0.9
BKEM BNY Mellon Emerging Markets Equity ETF 59.8 11 4 6.7 -0.6
FLAX Franklin FTSE Asia Ex Japan ETF 58.4 19 -4 6.2 -1.0
EEMA iShares MSCI Emerging Markets Asia ETF 58.3 50 -35 6.3 -0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 58.1 68 -53 5.7 -1.6
JHEM John Hancock Multifactor Emerging Markets ETF 53.0 49 -34 7.4 +0.1
GMF SPDR S&P Emerging Asia Pacific ETF 52.0 49 -34 5.9 -1.4
ESGE iShares ESG Aware MSCI EM ETF 50.6 25 -10 7.0 -0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 50.1 45 -30 6.3 -1.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 49.7 20 -5 5.5 -1.8
BKF iShares MSCI BRIC ETF 47.9 70 -55 6.2 -1.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 46.8 32 -17 5.0 -2.3
PXH Invesco FTSE RAFI Emerging Markets ETF 45.9 50 -35 11.6 +4.3
LDEM iShares ESG MSCI EM Leaders ETF 43.6 16 -1 6.4 -0.9
FLCH Franklin FTSE China ETF 42.5 19 -4 7.0 -0.3
GXC SPDR S&P China ETF 41.9 59 -44 6.5 -0.8
MCHI iShares MSCI China ETF 41.7 59 -44 6.4 -0.9
EMXC iShares MSCI Emerging Markets ex China ETF 41.3 25 -10 6.6 -0.7
AVEM Avantis Emerging Markets Equity ETF 40.1 33 -18 7.3 -0.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 39.2 59 -44 10.6 +3.3
CN Xtrackers MSCI All China Equity ETF 38.3 50 -35 6.9 -0.4
EMXF iShares ESG Advanced MSCI EM ETF 38.0 16 -1 7.1 -0.2
RESE WisdomTree Emerging Markets ESG Fund 37.9 32 -17 6.7 -0.6
EEMO Invesco S&P Emerging Markets Momentum ETF 37.5 29 -14 3.3 -4.0
NUEM Nuveen ESG Emerging Markets Equity ETF 37.5 45 -30 5.4 -1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 37.4 30 -15 7.5 +0.2
KALL KraneShares MSCI All China Index ETF 37.3 49 -34 6.9 -0.4
ISEM Invesco RAFI Strategic Emerging Markets ETF 37.1 35 -20 8.9 +1.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 36.4 49 -34 7.6 +0.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 36.1 39 -24 11.6 +4.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 33.7 40 -25 6.1 -1.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 32.6 95 -80 7.1 -0.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 30.2 25 -10 6.4 -0.9
CHIL Global X MSCI China Large-Cap 50 ETF 29.6 29 -14 6.2 -1.1
FDEM Fidelity Emerging Markets Multifactor ETF 27.9 45 -30 7.7 +0.4
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 27.3 44 -29 8.2 +0.9
VSGX Vanguard ESG International Stock ETF 27.2 17 -2 6.3 -1.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 26.9 32 -17 7.4 +0.2
CEZ VictoryShares Emerging Market Volatility Wtd ETF 26.5 50 -35 9.5 +2.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 26.4 16 -1 6.0 -1.3
AIA iShares Asia 50 ETF 26.1 50 -35 6.0 -1.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 25.7 32 -17 5.3 -1.9
VYMI Vanguard International High Dividend Yield ETF 25.5 27 -12 9.0 +1.8
ACWX iShares MSCI ACWI ex U.S. ETF 24.8 32 -17 6.3 -1.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 23.4 25 -10 6.6 -0.7
KESG KraneShares MSCI China ESG Leaders Index ETF 23.3 59 -44 8.1 +0.8
ROAM Hartford Multifactor Emerging Markets ETF 23.0 44 -29 11.5 +4.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 23.0 86 -71 2.1 -5.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.2 40 -25 6.1 -1.2
EWEB Global X Emerging Markets Internet & E-commerce ETF 22.0 65 -50 2.5 -4.8
EMMF WisdomTree Emerging Markets Multifactor Fund 21.9 48 -33 8.1 +0.8
KWEB KraneShares CSI China Internet ETF 21.5 76 -61 2.1 -5.1
FDNI First Trust Dow Jones International Internet ETF 21.2 65 -50 1.9 -5.4
ECON Columbia Emerging Markets Consumer ETF 20.0 59 -44 4.7 -2.6
IXUS ishares Core MSCI Total International Stock ETF 19.9 9 6 6.4 -0.9
VEU Vanguard FTSE All-World ex-US Index Fund 19.9 8 7 6.7 -0.6
EMGF iShares MSCI Emerging Markets Multifactor ETF 19.7 45 -30 8.6 +1.3
XCEM Columbia EM Core ex-China ETF 19.4 16 -1 5.9 -1.3
FXI iShares China Large-Cap ETF 19.2 74 -59 10.5 +3.2
BICK First Trust BICK Index Fund 18.4 64 -49 3.2 -4.1
RNEM First Trust Emerging Markets Equity Select ETF 17.4 75 -60 10.2 +2.9
CWI SPDR MSCI ACWI ex-US ETF 17.2 30 -15 6.2 -1.1
VXUS Vanguard Total International Stock ETF 16.2 8 7 6.6 -0.7
PIE Invesco DWA Emerging Markets Momentum ETF 16.2 90 -75 1.8 -5.5
FLTW Franklin FTSE Taiwan ETF 15.8 19 -4 5.1 -2.2
EWT iShares MSCI Taiwan ETF 15.7 59 -44 4.8 -2.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 15.2 29 -14 9.5 +2.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 15.1 45 -30 12.1 +4.8
CHIQ Global X MSCI China Consumer ETF 15.1 65 -50 4.6 -2.7
OGIG O'Shares Global Internet Giants ETF 14.9 48 -33 0.6 -6.7
FNI First Trust Chindia ETF 14.0 60 -45 2.3 -4.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 13.9 20 -5 9.4 +2.2
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 13.8 30 -15 4.1 -3.2
GLCN VanEck Vectors Ftse China A50 ETF 13.4 60 -45 4.1 -3.2
VIGI Vanguard International Dividend Appreciation ETF 12.5 20 -5 5.0 -2.2
WUGI Esoterica NextG Economy ETF 12.5 75 -60 1.0 -6.3
CQQQ Invesco China Technology ETF 12.2 70 -55 4.3 -3.0
PGJ Invesco Golden Dragon China ETF 12.1 70 -55 3.7 -3.6
DINT Davis Select International ETF 11.9 68 -53 5.3 -1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 11.0 58 -43 5.0 -2.2
DWLD Davis Select Worldwide ETF 11.0 63 -48 5.6 -1.7
ACWI iShares MSCI ACWI ETF 10.7 32 -17 5.1 -2.2
JOYY Infusive Compounding Global Equities ETF 10.4 50 -35 3.4 -3.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 10.4 60 -45 2.3 -5.0
DEM WisdomTree Emerging Markets High Dividend Fund 10.2 63 -48 12.9 +5.7
DSTX Distillate International Fundamental Stability & Value ETF 10.1 55 -40 5.9 -1.4
BUYZ Franklin Disruptive Commerce ETF 10.0 50 -35 -0.3 -7.6
EMFM Global X MSCI Next Emerging & Frontier ETF 9.9 66 -51 8.2 +0.9
PNQI Invesco NASDAQ Internet ETF 9.8 60 -45 1.0 -6.2
FEM First Trust Emerging Markets AlphaDEX Fund 9.8 80 -65 10.5 +3.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 1.9 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.39
 
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.