Invesco PureBeta MSCI USA ETF
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.8x P/Sales
ratio
2.3x
P/BV
ratio
3.2x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco PureBeta MSCI USA Portfolio tracks a market-cap-selected and -weighted index of mid- and large-cap US stocks.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.invesco.com
Inception date Sep 22, 2017
Assets (mns) $3
Currency USD
Expense ratio 4 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 636
Wgt avg mkt cap (mns) $312,326
Large cap (>$10bn) 96.5%
Mid cap ($2-10bn) 3.5%
Small cap (<$2bn) 0.0%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
APPLE INC 4.8 %
MICROSOFT CORP 4.4 %
AMAZON.COM INC 3.0 %
FACEBOOK 1.7 %
ALPHABET INC. CLASS C 1.6 %
ALPHABET INC. CLASS A 1.5 %
JPMORGAN CHASE & CO 1.5 %
JOHNSON & JOHNSON 1.3 %
VISA INC-CLASS A SHARES 1.2 %
PROCTER & GAMBLE CO/THE 1.1 %
Total 22.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
IRELAND 1.8 %
BRITAIN 1.0 %
SWITZERLAND 0.4 %
BERMUDA 0.2 %
ARGENTINA 0.1 %
CANADA 0.1 %
SINGAPORE 0.0 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.6% 21.6% -- -- 13.5%

Market Correlations
versus... Beta R-squared
S&P500 0.95 94%
MSCI EAFE 0.96 76%
MSCI Emg. Mkts. 0.65 59%

Technical Indicators
Recent close $32.50
30d moving avg. $33.14
Annualized volatility 13.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $179,344

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco PureBeta MSCI USA ETF ETF based on the alternatives' overlap in portfolio holdings with PBUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PBUS Expense: 4 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PBUS
Ticker Fund
Name
Overlap1
vs PBUS
(%)
Expense
ratio
(bp)
Savings
vs PBUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs PBUS
(%)
BBUS JP Morgan Betabuilders U.S. Equity ETF 96.6 2 2 5.8 -0.0
VV Vanguard Large-Cap Index Fund 96.1 4 0 5.7 -0.1
SCHX Schwab U.S. Large-Cap ETF 95.9 3 1 5.7 -0.1
VONE Vanguard Russell 1000 ETF 94.6 8 -4 5.7 -0.1
PBP Invesco S&P 500 BuyWrite ETF 93.7 49 -45 5.4 -0.4
SPY SPDR S&P 500 ETF Trust 93.6 9 -5 5.8 0.0
IVV iShares Core S&P 500 ETF 93.6 4 0 5.9 +0.1
SPLG SPDR Portfolio Large Cap ETF 93.6 3 1 5.9 +0.1
VOO VANGUARD S&P 500 ETF 93.5 3 1 5.9 +0.1
IWB iShares Russell 1000 ETF 93.2 15 -11 5.6 -0.2
HSPX Global X S&P 500 Covered Call ETF 93.2 65 -61 5.3 -0.5
SCHK Schwab 1000 Index ETF 93.0 5 -1 5.7 -0.1
IYY iShares Dow Jones U.S. ETF 91.8 20 -16 5.6 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 91.0 3 1 5.9 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 90.6 20 -16 5.8 -0.0
SPXE ProShares S&P 500 Ex-Energy ETF 90.3 27 -23 5.7 -0.1
VTHR Vanguard Russell 3000 Index Fund 89.0 10 -6 5.5 -0.3
VTI Vanguard Total Stock Market Index Fund 88.3 3 1 5.6 -0.3
SCHB Schwab U.S. Broad Market ETF 88.0 3 1 5.6 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 87.7 3 1 5.6 -0.3

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 MSCI USA 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 18.3 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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