Invesco FTSE RAFI US 1000 ETF
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
22.1x P/Sales
ratio
1.1x
P/BV
ratio
1.8x Div.
yield
2.6%


  • 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) $3,835
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 1000
Wgt avg mkt cap (mns) $254,731
Large cap (>$10bn) 85.9%
Mid cap ($2-10bn) 11.2%
Small cap (<$2bn) 2.8%
Developed mkts 100.0%
Emerging mkts 0.1%

TOP TEN HOLDINGS
APPLE INC 4.0 %
BERKSHIRE HATHAWAY INC-CL B 2.0 %
MICROSOFT CORP 2.0 %
AT&T INC 1.7 %
VERIZON COMMUNICATIONS INC 1.7 %
EXXON MOBIL CORP 1.6 %
JPMORGAN CHASE & CO 1.5 %
JOHNSON & JOHNSON 1.3 %
WAL-MART STORES INC 1.3 %
CHEVRON CORP 1.2 %
Total 18.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
IRELAND 1.6 %
BRITAIN 1.3 %
SWITZERLAND 0.5 %
BERMUDA 0.3 %
NETHERLANDS 0.1 %
SINGAPORE 0.1 %
CHINA 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.4% -1.0% 8.9% 10.8% 7.9%

Market Correlations
versus... Beta R-squared
S&P500 1.06 96%
MSCI EAFE 1.12 88%
MSCI Emg. Mkts. 0.80 72%

Technical Indicators
Recent close $113.79
30d moving avg. $116.08
Annualized volatility 19.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 108
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $24,219

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™: 7.2%


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
(%)
FNDB Schwab Fundamental U.S. Broad Market Index ETF 87.5 25 14 7.2 +0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 87.3 25 14 7.1 -0.0
VLU SPDR S&P 1500 Value Tilt ETF 78.4 12 27 7.6 +0.4
IUS Invesco Strategic US ETF 74.8 19 20 6.8 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 70.9 8 31 6.9 -0.2
RWL Invesco S&P 500 Revenue ETF 70.0 39 0 7.5 +0.3
IUSV iShares Core S&P U.S. Value ETF 68.5 4 35 7.5 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 67.3 3 36 5.9 -1.3
IWD iShares Russell 1000 Value ETF 67.3 19 20 7.0 -0.2
SCHK Schwab 1000 Index ETF 67.0 5 34 5.6 -1.6
PBP Invesco S&P 500 BuyWrite ETF 66.9 49 -10 5.3 -1.8
IYY iShares Dow Jones U.S. ETF 66.9 20 19 5.4 -1.8
VONV Vanguard Russell 1000 Value Index Fund 66.8 8 31 7.1 -0.1
DTD WisdomTree U.S.Total Dividend Fund 66.6 28 11 7.0 -0.2
IWB iShares Russell 1000 ETF 66.5 15 24 5.5 -1.7
SCHX Schwab U.S. Large-Cap ETF 66.4 3 36 5.5 -1.6
HSPX Global X S&P 500 Covered Call ETF 66.3 60 -21 5.3 -1.9
VTHR Vanguard Russell 3000 Index Fund 66.2 10 29 5.4 -1.8
JHML John Hancock Multifactor Large Cap ETF 66.2 29 10 5.7 -1.4
IVV iShares Core S&P 500 ETF 66.1 3 36 5.8 -1.4
SPLG SPDR Portfolio Large Cap ETF 66.1 3 36 5.8 -1.4
SPY SPDR S&P 500 ETF Trust 66.1 9 30 5.7 -1.4
XYLG Global X S&P 500 Covered Call & Growth ETF 66.0 60 -21 5.3 -1.8
VONE Vanguard Russell 1000 ETF 65.9 8 31 5.5 -1.6
SCHB Schwab U.S. Broad Market ETF 65.9 3 36 5.5 -1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 65.7 3 36 5.4 -1.8
IWV iShares Russell 3000 ETF 65.6 20 19 5.3 -1.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 65.6 2 37 5.6 -1.5
PBUS Invesco PureBeta MSCI USA ETF 65.5 4 35 5.6 -1.6
VOOV Vanguard S&P 500 Value ETF 65.5 10 29 7.4 +0.2
VOO VANGUARD S&P 500 ETF 65.4 3 36 5.8 -1.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 65.4 25 14 6.6 -0.5
IVE iShares S&P 500 Value ETF 65.3 18 21 7.3 +0.1
SPYV SPDR Portfolio S&P 500 Value ETF 65.2 4 35 7.4 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 65.0 20 19 5.7 -1.4
DIVB iShares U.S. Dividend & Buyback ETF 64.8 25 14 7.1 -0.0
VV Vanguard Large-Cap Index Fund 64.6 4 35 5.6 -1.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 64.4 7 32 5.6 -1.6
VTI Vanguard Total Stock Market Index Fund 64.2 3 36 5.4 -1.8
SPXE ProShares S&P 500 Ex-Energy ETF 64.0 27 12 5.7 -1.5
SCHV Schwab U.S. Large-Cap Value ETF 63.5 4 35 6.9 -0.3
AVUS Avantis U.S. Equity ETF 62.7 15 24 6.0 -1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 61.7 28 11 6.8 -0.4
SPXT ProShares S&P 500 Ex-Technology ETF 60.6 27 12 5.5 -1.6
SFY SoFi Select 500 ETF 59.9 0 39 5.4 -1.8
QUS SPDR MSCI USA StrategicFactors ETF 59.6 15 24 6.0 -1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 59.4 27 12 5.5 -1.7
VTV Vanguard Value Index Fund 59.3 4 35 7.4 +0.3
ESGV Vanguard ESG U.S. Stock ETF 59.3 12 27 5.5 -1.6
MGC Vanguard Mega Cap Index Fund 59.1 7 32 5.6 -1.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 59.0 29 10 6.2 -1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 58.3 20 19 5.3 -1.8
SPXN ProShares S&P 500 Ex-Financials ETF 57.9 27 12 5.4 -1.7
ESGU iShares MSCI USA ESG Optimized ETF 57.3 15 24 5.5 -1.7
CATH Global X S&P 500 Catholic Values Custom ETF 57.1 29 10 5.5 -1.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 56.5 30 9 6.8 -0.4
IWL iShares Russell Top 200 ETF 56.3 15 24 5.4 -1.7
BKLC BNY Mellon US Large Cap Core Equity ETF 55.9 0 39 5.6 -1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 55.1 9 30 5.9 -1.2
KOKU Xtrackers MSCI Kokusai Equity ETF 54.1 9 30 6.0 -1.2
TOK iShares MSCI Kokusai ETF 54.1 25 14 5.8 -1.4
EFIV SPDR S&P 500 ESG ETF 53.6 10 29 5.6 -1.6
SNPE Xtrackers S&P 500 ESG ETF 53.5 10 29 5.6 -1.5
DGRO iShares Core Dividend Growth ETF 52.7 8 31 6.9 -0.2
ESG FlexShares STOXX US ESG Impact Index Fund 52.1 32 7 5.4 -1.8
URTH iShares MSCI World ETF 51.1 24 15 5.9 -1.3
MGV Vanguard Mega Cap Value ETF 51.0 7 32 7.3 +0.1
OEF iShares S&P 100 ETF 50.2 20 19 5.4 -1.8
IWX iShares Russell Top 200 Value ETF 50.2 20 19 6.8 -0.3
RAFE PIMCO RAFI ESG U.S. ETF 50.2 29 10 7.7 +0.5
USDY Pacific Global US Equity Income ETF 50.1 29 10 7.2 +0.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 49.3 12 27 5.6 -1.6
IQSU IQ Candriam ESG US Equity ETF 49.2 9 30 5.7 -1.5
VYM Vanguard High Dividend Yield Index ETF 48.8 6 33 7.5 +0.4
RSP Invesco S&P 500 Equal Weight ETF 47.7 20 19 6.7 -0.5
EQWL Invesco Russell Top 200 Equal Weight ETF 47.5 25 14 6.3 -0.8
ACWI iShares MSCI ACWI ETF 46.8 32 7 6.0 -1.1
RNLC Large Cap US Equity Select ETF 46.5 60 -21 6.2 -0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 46.5 9 30 6.0 -1.1
ROUS Hartford Multifactor US Equity ETF 46.3 19 20 6.5 -0.7
EUSA iShares MSCI USA Equal Weighted ETF 46.1 15 24 6.2 -0.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 45.7 20 19 6.3 -0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 45.7 15 24 6.7 -0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 45.5 20 19 6.3 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 45.1 19 20 6.5 -0.7
JVAL JPMorgan U.S. Value Factor ETF 44.9 12 27 8.6 +1.5
VT Vanguard Total World Stock Index Fund 44.5 8 31 6.3 -0.8
SIZE iShares Edge MSCI USA Size Factor ETF 44.5 15 24 6.2 -1.0
RECS Columbia Research Enhanced Core ETF 44.2 15 24 6.1 -1.0
SCIU Global X Scientific Beta US ETF 43.9 19 20 5.8 -1.3
NACP Impact Shares NAACP Minority Empowerment ETF 43.8 75 -36 5.2 -1.9
AFLG First Trust Active Factor Large Cap ETF 43.2 55 -16 5.9 -1.2
QWLD SPDR MSCI World StrategicFactors ETF 43.0 30 9 6.2 -0.9
IUSG iShares Core S&P US Growth ETF 42.6 4 35 5.2 -2.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 41.9 35 4 5.8 -1.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 41.8 60 -21 4.8 -2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 41.6 9 30 6.1 -1.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 41.6 35 4 5.8 -1.3
VOOG Vanguard S&P 500 Growth ETF 41.6 10 29 5.2 -2.0
IVW iShares S&P 500 Growth ETF 41.3 18 21 5.1 -2.1

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:

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 12.9 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.