Invesco Dynamic Retail
ALTAR
Score™
7.1% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.1x P/Sales
ratio
0.5x
P/BV
ratio
2.4x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Dynamic Retail ETF tracks a multifactor, tiered equal-weighted index of US retail stocks.

FUND BASICS
Category Global Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Oct 26, 2005
Assets (mns) $8
Currency USD
Expense ratio 63 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian BNY Mellon
Weighting Tiered
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 31
Wgt avg mkt cap (mns) $48,616
Large cap (>$10bn) 45.9%
Mid cap ($2-10bn) 25.2%
Small cap (<$2bn) 28.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LULULEMON ATHLETICA INC 5.0 %
AUTOZONE INC 4.8 %
WAL-MART STORES INC 4.8 %
OFFICE DEPOT INC 4.8 %
HOME DEPOT INC 4.7 %
COSTCO WHOLESALE CORP 4.7 %
TARGET CORP 4.7 %
DOLLAR GENERAL CORP 4.6 %
EBAY INC 4.0 %
BED BATH & BEYOND INC 3.7 %
Total 45.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
20.4% 7.1% 4.1% 12.0% 8.1%

Market Correlations
versus... Beta R-squared
S&P500 0.99 49%
MSCI EAFE 0.75 24%
MSCI Emg. Mkts. 0.34 8%

Technical Indicators
Recent close $41.06
30d moving avg. $40.00
Annualized volatility 17.0%
Short interest (ETF) 1.1%
Short interest (Underlying) 7.3%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $4,294

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PMR Expense: 63 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PMR
Ticker Fund
Name
Overlap1
vs PMR
(%)
Expense
ratio
(bp)
Savings
vs PMR
(bp)
ALTAR
Score™
(%)
ALTAR
vs PMR
(%)
FTXD First Trust Nasdaq Retail 40.7 60 3 6.5 -0.6
RTH VanEck Vectors Retail 26.0 35 28 5.7 -1.4
XRT SPDR S&P Retail 23.9 35 28 8.7 +1.6
IEDI iShares Evolved U.S. Discretionary Spending 22.1 18 45 5.0 -2.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum 20.0 75 -12 3.7 -3.4
IYC iShares DJ US Consumer Services 19.5 42 21 5.0 -2.1
PEZ Invesco DWA Consumer Discretionary Momentum 18.8 60 3 4.9 -2.2
JHMC John Hancock Multifactor Consumer Discretionary 18.6 40 23 5.9 -1.2
MILN Global X Millennials Thematic 14.5 50 13 3.0 -4.1
PSCD Invesco S&P Small Cap Consumer Discretionary 13.4 29 34 8.1 +0.9
XLY Consumer Discretionary Select Sector SPDR 12.8 13 50 5.7 -1.5
VCR Vanguard Consumer Discretionary 12.5 10 53 5.5 -1.6
FDIS Fidelity MSCI Consumer Discrettionary 12.5 8 55 5.4 -1.8
FFTY Innovator IBD 50 Fund 12.0 80 -17 4.0 -3.2
FXD First Trust Consumer Discretionary 11.9 64 -1 8.0 +0.9
RCD Invesco S&P Equal Weight Consumer Discretionary 11.1 40 23 8.3 +1.2
QVM Arrow Investments Trust QVM Equity Factor 9.8 65 -2 8.2 +1.0
VDC Vanguard Consumer Staples 9.6 10 53 5.5 -1.6
FSTA Fidelity MSCI Consumer Staples 9.5 8 55 5.5 -1.6
DIVO Amplify YieldShares CWP Dividend & Option Income 9.5 49 14 5.5 -1.6

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Invesco Dynamic Retail
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.7 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.54
 
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.