Invesco FTSE RAFI US 1000 ETF
ALTAR
Score™
9.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
12.4x P/Sales
ratio
0.8x
P/BV
ratio
1.4x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco FTSE™ RAFI US 1000 Portfolio is based on the FTSE™ RAFI US 1000 Index, designed to track the performance of the largest U.S. equities, selected based on the following four fundamental measures of firm size: book value, income, sales and dividends.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Dec 19, 2005
Assets (mns) $3,738
Currency USD
Expense ratio 39 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1010
Wgt avg mkt cap (mns) $166,020
Large cap (>$10bn) 84.1%
Mid cap ($2-10bn) 12.6%
Small cap (<$2bn) 3.4%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
APPLE INC 2.7 %
BERKSHIRE HATHAWAY INC-CL B 2.2 %
AT&T INC 2.1 %
EXXON MOBIL CORP 2.0 %
MICROSOFT CORP 1.9 %
VERIZON COMMUNICATIONS INC 1.9 %
JPMORGAN CHASE & CO 1.7 %
CHEVRON CORP 1.4 %
JOHNSON & JOHNSON 1.4 %
WAL-MART STORES INC 1.3 %
Total 18.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
IRELAND 1.8 %
BRITAIN 1.2 %
SWITZERLAND 0.5 %
BERMUDA 0.3 %
NETHERLANDS 0.1 %
SINGAPORE 0.1 %
PERU 0.1 %
CHINA 0.1 %
PUERTO RICO 0.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.5% -16.4% 2.4% 8.2% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.11 96%
MSCI EAFE 1.06 85%
MSCI Emg. Mkts. 0.79 69%

Technical Indicators
Recent close $89.86
30d moving avg. $102.58
Annualized volatility 17.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 726
Turnover 1.8%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $349,840

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco FTSE RAFI US 1000 ETF ETF based on the alternatives' overlap in portfolio holdings with PRF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PRF Expense: 39 bp ALTAR Score™: 9.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PRF
Ticker Fund
Name
Overlap1
vs PRF
(%)
Expense
ratio
(bp)
Savings
vs PRF
(bp)
ALTAR
Score™
(%)
ALTAR
vs PRF
(%)
FNDX Schwab Fundamental U.S. Large Co. Index ETF 85.2 25 14 8.3 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 85.2 25 14 8.4 -0.8
VLU SPDR S&P 1500 Value Tilt ETF 82.0 12 27 9.6 +0.4
IUS Invesco Strategic US ETF 71.7 19 20 7.9 -1.3
IUSV iShares Core S&P U.S. Value ETF 71.0 4 35 9.4 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 71.0 8 31 8.5 -0.7
RWL Invesco S&P 500 Revenue ETF 69.6 39 0 9.2 +0.0
DTD WisdomTree U.S.Total Dividend Fund 69.5 28 11 8.5 -0.7
HSPX Global X S&P 500 Covered Call ETF 69.0 65 -26 6.2 -3.0
PBP Invesco S&P 500 BuyWrite ETF 69.0 49 -10 6.5 -2.7
IYY iShares Dow Jones U.S. ETF 68.7 20 19 6.9 -2.3
VONE Vanguard Russell 1000 ETF 68.4 8 31 7.0 -2.2
IWB iShares Russell 1000 ETF 68.3 15 24 7.0 -2.2
SCHK Schwab 1000 Index ETF 68.2 5 34 7.0 -2.2
SPYV SPDR Portfolio S&P 500 Value ETF 68.2 4 35 9.2 +0.0
IVE iShares S&P 500 Value ETF 68.1 18 21 9.1 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 68.0 3 36 7.3 -1.9
VOOV Vanguard S&P 500 Value ETF 67.9 15 24 9.2 -0.0
SCHX Schwab U.S. Large-Cap ETF 67.8 3 36 7.0 -2.2
SCHB Schwab U.S. Broad Market ETF 67.5 3 36 7.0 -2.2
VTHR Vanguard Russell 3000 Index Fund 67.4 10 29 6.9 -2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 67.4 3 36 7.0 -2.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 67.4 25 14 8.6 -0.6
IWV iShares Russell 3000 ETF 67.3 20 19 6.9 -2.3
VTI Vanguard Total Stock Market Index Fund 67.2 3 36 7.0 -2.2
JHML John Hancock Multifactor Large Cap ETF 67.0 34 5 7.5 -1.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 66.9 2 37 7.1 -2.1
SPY SPDR S&P 500 ETF Trust 66.8 9 30 7.1 -2.1
SPLG SPDR Portfolio Large Cap ETF 66.8 3 36 7.1 -2.1
IVV iShares Core S&P 500 ETF 66.7 4 35 7.1 -2.1
VV Vanguard Large-Cap Index Fund 66.7 4 35 7.0 -2.2
PBUS Invesco PureBeta MSCI USA ETF 66.4 4 35 7.2 -2.0
VOO VANGUARD S&P 500 ETF 66.4 3 36 7.1 -2.1
VONV Vanguard Russell 1000 Value Index Fund 65.6 8 31 9.3 +0.1
IWD iShares Russell 1000 Value ETF 65.3 19 20 9.1 -0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 65.2 20 19 7.1 -2.1
SPXE ProShares S&P 500 Ex-Energy ETF 64.8 27 12 7.0 -2.2
DLN WisdomTree U.S. LargeCap Dividend Fund 64.2 28 11 8.0 -1.2
DIVB iShares U.S. Dividend & Buyback ETF 63.2 25 14 8.8 -0.4
SPXT ProShares S&P 500 Ex-Technology ETF 62.9 27 12 7.3 -1.9
AVUS Avantis U.S. Equity ETF 62.4 15 24 8.0 -1.2
VTV Vanguard Value Index Fund 61.0 4 35 9.1 -0.1
MGC Vanguard Mega Cap Index Fund 61.0 7 32 6.8 -2.4
SFY SoFi Select 500 ETF 60.8 0 39 6.7 -2.5
SPXV ProShares S&P 500 Ex-Health Care ETF 60.2 27 12 6.8 -2.4
SCHV Schwab U.S. Large-Cap Value ETF 59.0 4 35 9.0 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 58.7 20 19 6.6 -2.6
IWL iShares Russell Top 200 ETF 58.4 15 24 6.6 -2.6
ESGV Vanguard ESG U.S. Stock ETF 58.3 12 27 7.0 -2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 58.2 9 30 7.3 -1.9
SPXN ProShares S&P 500 Ex-Financials ETF 58.2 27 12 6.6 -2.6
CATH Global X S&P 500 Catholic Values Custom ETF 57.0 29 10 7.0 -2.2
QUS SPDR MSCI USA StrategicFactors ETF 56.6 15 24 7.3 -1.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 56.4 29 10 8.2 -1.0
SNPE Xtrackers S&P 500 ESG ETF 56.3 11 28 6.8 -2.3
DGRO iShares Core Dividend Growth ETF 55.6 8 31 8.4 -0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 55.4 12 27 6.7 -2.5
TOK iShares MSCI Kokusai ETF 54.8 25 14 7.3 -1.8
MGV Vanguard Mega Cap Value ETF 53.1 7 32 8.8 -0.4
ESGU iShares MSCI USA ESG Optimized ETF 52.6 15 24 6.7 -2.5
USDY Pacific Global US Equity Income ETF 52.4 29 10 10.5 +1.4
OEF iShares S&P 100 ETF 51.5 20 19 6.3 -2.9
URTH iShares MSCI World ETF 51.1 24 15 7.5 -1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 50.7 30 9 8.1 -1.1
ESG FlexShares STOXX US ESG Impact Index Fund 50.7 32 7 6.8 -2.4
VYM Vanguard High Dividend Yield Index ETF 49.4 6 33 8.9 -0.3
IWX iShares Russell Top 200 Value ETF 49.4 20 19 8.7 -0.5
ROUS Hartford Multifactor US Equity ETF 48.9 19 20 9.2 +0.0
IQSU IQ Candriam ESG US Equity ETF 48.7 9 30 6.7 -2.5
RSP Invesco S&P 500 Equal Weight ETF 48.1 20 19 8.8 -0.4
EQWL Invesco Russell Top 200 Equal Weight ETF 47.9 25 14 7.5 -1.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 47.6 9 30 8.1 -1.1
RNLC Large Cap US Equity Select ETF 47.3 60 -21 8.2 -1.0
RECS Columbia Research Enhanced Core ETF 47.2 15 24 7.5 -1.7
ACWI iShares MSCI ACWI ETF 47.0 32 7 7.8 -1.4
EUSA iShares MSCI USA Equal Weighted ETF 46.7 15 24 8.4 -0.8
RAFE PIMCO RAFI ESG U.S. ETF 46.4 29 10 10.3 +1.1
VT Vanguard Total World Stock Index Fund 45.5 8 31 8.1 -1.1
SIZE iShares Edge MSCI USA Size Factor ETF 45.0 15 24 8.3 -0.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 44.7 20 19 8.1 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 44.6 20 19 8.1 -1.1
AFLG First Trust Active Factor Large Cap ETF 44.5 55 -16 7.7 -1.5
EXT WisdomTree U.S. Total Earnings Fund 44.4 28 11 7.7 -1.5
JVAL JPMorgan U.S. Value Factor ETF 44.1 12 27 11.9 +2.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 43.7 15 24 6.9 -2.2
NACP Impact Shares NAACP Minority Empowerment ETF 43.4 75 -36 6.2 -3.0
FDRR Fidelity Dividend ETF for Rising Rates 42.6 29 10 9.6 +0.4
QWLD SPDR MSCI World StrategicFactors ETF 42.4 30 9 7.5 -1.7
FVAL Fidelity Value Factor ETF 42.3 29 10 11.0 +1.8
EQAL Invesco Russell 1000 Equal Weight ETF 41.9 20 19 7.6 -1.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 41.7 19 20 7.6 -1.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 41.7 19 20 8.3 -0.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 41.6 29 10 9.2 +0.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 41.1 9 30 7.8 -1.4
IUSG iShares Core S&P US Growth ETF 40.8 4 35 5.8 -3.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 40.7 34 5 6.8 -2.4
CFA Victory CEMP US 500 Volatility Weighted Index ETF 40.6 35 4 8.1 -1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 40.5 60 -21 6.0 -3.2
WOMN Impact Shares YWCA Women's Empowerment ETF 40.4 75 -36 6.2 -3.0
XLG Invesco S&P 500 Top 50 ETF 40.0 20 19 5.9 -3.3

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%.

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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 FTSE RAFI US 1000 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 12.7 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.51
 
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.