Invesco PureBeta FTSE Emerging Markets ETF
ALTAR
Score™
9.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.7x P/Sales
ratio
1.3x
P/BV
ratio
1.5x Div.
yield
3.2%


  • 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 14 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 916
Wgt avg mkt cap (mns) $113,542
Large cap (>$10bn) 70.5%
Mid cap ($2-10bn) 24.3%
Small cap (<$2bn) 3.3%
Developed mkts 9.5%
Emerging mkts 90.5%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 7.7 %
TENCENT HOLDINGS LTD 6.4 %
TAIWAN SEMICONDUCTOR MANUFAC 4.9 %
INVESCO INDIA ETF 4.7 %
ISHARES MSCI SAUDI ARABIA CAPPED E 2.8 %
CHINA CONSTRUCTION BANK-H 1.5 %
NASPERS LTD-N SHS 1.4 %
MEITUAN DIANPING 1.4 %
PING AN INSURANCE GROUP CO-H 1.1 %
IND & COMM BK OF CHINA - H 1.1 %
Total 33.0 %

TOP COUNTRY EXPOSURE
CHINA 37.2 %
TAIWAN 13.7 %
BRAZIL 6.1 %
INDIA 5.0 %
HONG KONG 4.5 %
SOUTH AFRICA 4.2 %
RUSSIA 3.8 %
THAILAND 2.8 %
MALAYSIA 2.5 %
MEXICO 2.2 %

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.
-16.6% -5.2% -- -- -2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.79 65%
MSCI EAFE 0.94 78%
MSCI Emg. Mkts. 0.84 93%

Technical Indicators
Recent close $22.51
30d moving avg. $20.64
Annualized volatility 17.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $34,202

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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: 14 bp ALTAR Score™: 9.4%


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 78.1 13 1 8.5 -0.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 68.7 65 -51 8.3 -1.2
EEM iShares MSCI Emerging Markets ETF 68.2 68 -54 8.1 -1.3
VWO Vanguard FTSE Emerging Markets ETF 68.0 10 4 8.7 -0.7
IEMG iShares Core MSCI Emerging Markets ETF 62.8 14 0 8.6 -0.8
FLAX Franklin FTSE Asia Ex Japan ETF 59.2 19 -5 8.4 -1.0
EEMA iShares MSCI Emerging Markets Asia ETF 57.5 50 -36 8.3 -1.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 56.6 68 -54 7.8 -1.6
SPEM SPDR Portfolio Emerging Markets ETF 55.8 11 3 8.5 -0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 55.1 30 -16 8.7 -0.7
JHEM John Hancock Multifactor Emerging Markets ETF 52.7 55 -41 8.7 -0.7
GMF SPDR S&P Emerging Asia Pacific ETF 51.6 49 -35 7.9 -1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 51.1 32 -18 6.7 -2.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 51.0 45 -31 8.6 -0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 47.8 50 -36 13.5 +4.1
BKF iShares MSCI BRIC ETF 46.7 69 -55 8.3 -1.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 45.9 20 -6 7.6 -1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 44.4 59 -45 10.9 +1.5
ESGE iShares ESG MSCI EM ETF 43.4 25 -11 9.5 +0.1
ISEM Invesco Strategic Emerging Markets ETF 40.4 35 -21 10.2 +0.8
FLCH Franklin FTSE China ETF 39.9 19 -5 9.1 -0.3
GXC SPDR S&P China ETF 39.4 59 -45 8.8 -0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 39.3 39 -25 12.9 +3.5
MCHI iShares MSCI China ETF 39.1 59 -45 9.0 -0.4
AVEM Avantis Emerging Markets Equity ETF 39.0 33 -19 9.4 0.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 38.8 49 -35 8.8 -0.6
EMXC iShares MSCI Emerging Markets ex China ETF 38.2 49 -35 8.2 -1.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 37.5 30 -16 9.2 -0.2
WCHN WisdomTree ICBCCS S&P China 500 Fund 37.0 55 -41 9.2 -0.2
KALL KraneShares FTSE Emerging Markets Plus ETF 36.5 49 -35 9.0 -0.4
CN Xtrackers MSCI All China Equity ETF 36.2 50 -36 9.3 -0.2
DVEM WisdomTree Emerging Markets Dividend Fund 35.5 32 -18 8.9 -0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 35.0 95 -81 10.0 +0.6
NUEM Nuveen ESG Emerging Markets Equity ETF 33.2 45 -31 7.7 -1.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 31.0 45 -31 8.8 -0.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 30.6 49 -35 8.1 -1.3
CHIL Global X MSCI China Large-Cap 50 ETF 29.3 29 -15 9.4 +0.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 29.1 40 -26 7.8 -1.6
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 27.1 50 -36 9.7 +0.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 26.5 32 -18 6.9 -2.5
RNEM Emerging Markets Equity Select ETF 25.7 75 -61 10.3 +0.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 25.4 32 -18 7.9 -1.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 24.9 32 -18 9.4 -0.0
AXJL WisdomTree Asia Pacific ex-Japan Fund 24.5 48 -34 10.0 +0.6
ROAM Hartford Multifactor Emerging Markets ETF 24.3 44 -30 14.7 +5.3
AIA iShares Asia 50 ETF 22.8 50 -36 8.8 -0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 22.4 29 -15 9.8 +0.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 21.7 25 -11 8.4 -1.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 21.5 16 -2 7.1 -2.4
EEMO Invesco S&P Emerging Markets Momentum ETF 21.3 30 -16 7.1 -2.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 21.2 45 -31 9.6 +0.2
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 19.9 64 -50 5.2 -4.2
FDNI First Trust Dow Jones International Internet ETF 19.7 65 -51 2.8 -6.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 19.6 86 -72 2.3 -7.1
EMMF WisdomTree Emerging Markets Multifactor Fund 19.5 48 -34 9.7 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 19.5 32 -18 7.5 -1.9
KWEB KraneShares CSI China Internet ETF 19.2 76 -62 3.4 -6.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 18.8 40 -26 7.3 -2.1
FXI iShares China Large-Cap ETF 18.6 74 -60 13.3 +3.9
VYMI Vanguard International High Dividend Yield ETF 18.4 32 -18 10.1 +0.7
BICK First Trust BICK Index Fund 18.4 64 -50 4.4 -5.0
ECON Columbia Emerging Markets Consumer ETF 18.3 59 -45 4.8 -4.6
VSGX Vanguard ESG International Stock ETF 17.9 17 -3 7.3 -2.1
TTTN UP Fintech China-U.S. Internet Titans ETF 17.5 59 -45 5.0 -4.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 17.2 45 -31 9.9 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 17.0 8 6 7.7 -1.7
IXUS ishares Core MSCI Total International Stock ETF 17.0 9 5 7.5 -1.9
XCEM Columbia EM Core ex-China ETF 17.0 16 -2 7.7 -1.7
VXUS Vanguard Total International Stock Index Fund 16.4 8 6 7.7 -1.8
PIE Invesco DWA Emerging Markets Momentum ETF 15.7 90 -76 5.7 -3.7
DEM WisdomTree Emerging Markets High Dividend Fund 15.0 63 -49 13.8 +4.4
JOYY Infusive Compounding Global Equities ETF 14.6 50 -36 3.9 -5.5
CWI SPDR MSCI ACWI ex-US ETF 14.4 30 -16 7.6 -1.8
FNI First Trust Chindia ETF 14.2 59 -45 3.4 -6.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.2 45 -31 13.2 +3.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.9 20 -6 10.8 +1.4
FLTW Franklin FTSE Taiwan ETF 13.7 19 -5 6.6 -2.8
EWT iShares MSCI Taiwan ETF 13.4 59 -45 6.3 -3.1
CHIQ Global X China Consumer ETF 12.7 65 -51 9.1 -0.3
OGIG O'Shares Global Internet Giants ETF 12.3 48 -34 0.5 -8.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 12.2 18 -4 6.0 -3.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.1 80 -66 1.7 -7.7
PGJ Invesco Golden Dragon China ETF 12.0 70 -56 3.4 -6.1
DINT Davis Select International ETF 11.8 75 -61 5.8 -3.6
EMFM Global X MSCI Next Emerging & Frontier ETF 11.0 55 -41 8.6 -0.8
GBUY Goldman Sachs Motif New Age Consumer ETF 10.7 50 -36 2.1 -7.3
EDIV SPDR S&P Emerging Markets Dividend ETF 10.6 49 -35 11.3 +1.9
FEM First Trust Emerging Markets AlphaDEX Fund 10.1 80 -66 11.5 +2.1
GENY Principal Millennials Index ETF 10.0 45 -31 3.9 -5.5
DWLD Davis Select Worldwide ETF 9.8 64 -50 6.6 -2.8
BUYZ Franklin Disruptive Commerce ETF 9.8 50 -36 -0.1 -9.5
CQQQ Invesco China Technology ETF 9.8 70 -56 4.3 -5.1
VIGI Vanguard International Dividend Appreciation ETF 9.8 25 -11 5.9 -3.5
CHIC Global X Nasdaq China Technology ETF 9.7 65 -51 4.3 -5.1
PNQI Invesco NASDAQ Internet ETF 9.7 62 -48 1.2 -8.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 9.5 60 -46 8.3 -1.1
FLLA Franklin FTSE Latin America ETF 9.4 19 -5 6.9 -2.5
ONLN ProShares Online Retail ETF 8.9 58 -44 1.6 -7.8
PEK VanEck Vectors ChinaAMC CSI 300 ETF 8.8 60 -46 8.0 -1.4
FRDM Freedom 100 Emerging Markets ETF 8.8 49 -35 7.2 -2.2

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 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 14.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 14 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.45
 
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.