Invesco FTSE RAFI US 1000 ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
23.5x P/Sales
ratio
1.0x
P/BV
ratio
1.7x Div.
yield
2.7%


  • 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) $3,838
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 1008
Wgt avg mkt cap (mns) $214,595
Large cap (>$10bn) 85.2%
Mid cap ($2-10bn) 12.0%
Small cap (<$2bn) 2.8%
Developed mkts 100.0%
Emerging mkts 0.1%

TOP TEN HOLDINGS
APPLE INC 3.3 %
MICROSOFT CORP 2.1 %
EXXON MOBIL CORP 2.0 %
AT&T INC 1.9 %
BERKSHIRE HATHAWAY INC-CL B 1.8 %
VERIZON COMMUNICATIONS INC 1.6 %
JPMORGAN CHASE & CO 1.5 %
CHEVRON CORP 1.5 %
JOHNSON & JOHNSON 1.3 %
WAL-MART STORES INC 1.1 %
Total 18.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
IRELAND 1.5 %
BRITAIN 1.3 %
SWITZERLAND 0.5 %
BERMUDA 0.3 %
NETHERLANDS 0.1 %
SINGAPORE 0.1 %
CHINA 0.0 %
PERU 0.0 %
ISRAEL 0.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.3% -4.7% 5.9% 11.3% 7.6%

Market Correlations
versus... Beta R-squared
S&P500 1.09 97%
MSCI EAFE 1.11 88%
MSCI Emg. Mkts. 0.80 71%

Technical Indicators
Recent close $109.97
30d moving avg. $110.00
Annualized volatility 18.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.7%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 252
Turnover 0.7%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $331,699

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™: 6.8%


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 86.4 25 14 6.5 -0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 86.4 25 14 6.5 -0.3
VLU SPDR S&P 1500 Value Tilt ETF 78.4 12 27 7.4 +0.6
IUS Invesco Strategic US ETF 74.3 19 20 6.7 -0.1
EPS WisdomTree U.S. Earnings 500 Fund 70.6 8 31 6.4 -0.4
RWL Invesco S&P 500 Revenue ETF 69.4 39 0 7.2 +0.4
IUSV iShares Core S&P U.S. Value ETF 69.1 4 35 7.5 +0.7
IWD iShares Russell 1000 Value ETF 67.5 19 20 7.2 +0.4
IYY iShares Dow Jones U.S. ETF 67.4 20 19 5.1 -1.7
DTD WisdomTree U.S.Total Dividend Fund 67.2 28 11 6.6 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 67.1 3 36 5.5 -1.3
VONE Vanguard Russell 1000 ETF 67.1 8 31 5.2 -1.6
SCHK Schwab 1000 Index ETF 67.0 5 34 5.2 -1.6
SCHX Schwab U.S. Large-Cap ETF 66.7 3 36 5.3 -1.5
JHML John Hancock Multifactor Large Cap ETF 66.5 29 10 5.5 -1.3
IWB iShares Russell 1000 ETF 66.4 15 24 5.2 -1.6
PBP Invesco S&P 500 BuyWrite ETF 66.3 49 -10 5.0 -1.8
VOOV Vanguard S&P 500 Value ETF 66.3 15 24 7.3 +0.6
SCHB Schwab U.S. Broad Market ETF 66.1 3 36 5.2 -1.6
SPYV SPDR Portfolio S&P 500 Value ETF 66.1 4 35 7.4 +0.6
IVE iShares S&P 500 Value ETF 66.1 18 21 7.3 +0.5
VTHR Vanguard Russell 3000 Index Fund 66.0 10 29 5.1 -1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 65.8 3 36 5.1 -1.7
SPY SPDR S&P 500 ETF Trust 65.8 9 30 5.3 -1.5
SPLG SPDR Portfolio Large Cap ETF 65.8 3 36 5.4 -1.4
IVV iShares Core S&P 500 ETF 65.7 4 35 5.4 -1.4
VTI Vanguard Total Stock Market Index Fund 65.7 3 36 5.1 -1.7
HSPX Global X S&P 500 Covered Call ETF 65.7 65 -26 4.8 -2.0
VOO VANGUARD S&P 500 ETF 65.6 3 36 5.4 -1.4
IWV iShares Russell 3000 ETF 65.6 20 19 5.0 -1.8
VV Vanguard Large-Cap Index Fund 65.5 4 35 5.2 -1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 65.5 2 37 5.3 -1.5
PBUS Invesco PureBeta MSCI USA ETF 65.4 4 35 5.2 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 65.2 25 14 6.6 -0.2
DIVB iShares U.S. Dividend & Buyback ETF 64.4 25 14 6.6 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 64.3 20 19 5.3 -1.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 64.2 7 32 5.2 -1.6
VONV Vanguard Russell 1000 Value Index Fund 64.0 8 31 7.3 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 63.8 27 12 5.3 -1.5
AVUS Avantis U.S. Equity ETF 62.3 15 24 5.7 -1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 62.2 28 11 6.4 -0.4
SPXT ProShares S&P 500 Ex-Technology ETF 61.3 27 12 5.6 -1.2
SFY SoFi Select 500 ETF 59.7 0 39 5.2 -1.6
MGC Vanguard Mega Cap Index Fund 59.7 7 32 5.2 -1.6
QUS SPDR MSCI USA StrategicFactors ETF 59.6 15 24 5.8 -1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 59.3 27 12 5.0 -1.8
VTV Vanguard Value Index Fund 58.9 4 35 7.4 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 58.2 20 19 4.9 -1.9
SPXN ProShares S&P 500 Ex-Financials ETF 58.0 27 12 4.9 -1.9
BKLC BNY Mellon US Large Cap Core Equity ETF 57.9 0 39 5.2 -1.6
SCHV Schwab U.S. Large-Cap Value ETF 57.5 4 35 7.2 +0.4
ESGU iShares MSCI USA ESG Optimized ETF 57.5 15 24 5.1 -1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 57.4 29 10 6.2 -0.6
CATH Global X S&P 500 Catholic Values Custom ETF 57.3 29 10 5.2 -1.6
ESGV Vanguard ESG U.S. Stock ETF 56.9 12 27 5.1 -1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 56.5 30 9 6.5 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 56.2 9 30 5.5 -1.3
IWL iShares Russell Top 200 ETF 56.2 15 24 5.0 -1.8
SNPE Xtrackers S&P 500 ESG ETF 54.8 11 28 5.1 -1.7
TOK iShares MSCI Kokusai ETF 53.7 25 14 5.5 -1.3
DGRO iShares Core Dividend Growth ETF 53.7 8 31 6.6 -0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 53.6 9 30 5.7 -1.1
ESG FlexShares STOXX US ESG Impact Index Fund 51.6 32 7 5.0 -1.8
USDY Pacific Global US Equity Income ETF 51.3 29 10 7.2 +0.4
IWX iShares Russell Top 200 Value ETF 51.2 20 19 7.1 +0.4
MGV Vanguard Mega Cap Value ETF 51.0 7 32 7.3 +0.5
URTH iShares MSCI World ETF 50.7 24 15 5.6 -1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 50.7 12 27 4.9 -1.9
RAFE PIMCO RAFI ESG U.S. ETF 50.1 29 10 7.8 +1.0
OEF iShares S&P 100 ETF 50.0 20 19 4.7 -2.1
IQSU IQ Candriam ESG US Equity ETF 48.4 9 30 5.0 -1.8
VYM Vanguard High Dividend Yield Index ETF 48.3 6 33 7.4 +0.6
ROUS Hartford Multifactor US Equity ETF 48.2 19 20 7.3 +0.5
EQWL Invesco Russell Top 200 Equal Weight ETF 47.6 25 14 6.1 -0.7
RSP Invesco S&P 500 Equal Weight ETF 47.6 20 19 6.7 -0.1
RECS Columbia Research Enhanced Core ETF 47.0 15 24 5.6 -1.2
ACWI iShares MSCI ACWI ETF 46.4 32 7 5.8 -1.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 46.1 9 30 5.9 -0.9
RNLC Large Cap US Equity Select ETF 46.0 60 -21 6.2 -0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 45.6 15 24 6.2 -0.6
EUSA iShares MSCI USA Equal Weighted ETF 45.4 15 24 6.3 -0.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 45.1 20 19 6.0 -0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 45.0 20 19 6.1 -0.7
VT Vanguard Total World Stock Index Fund 44.8 8 31 6.1 -0.7
SIZE iShares Edge MSCI USA Size Factor ETF 44.3 15 24 6.3 -0.5
JVAL JPMorgan U.S. Value Factor ETF 44.0 12 27 8.7 +1.9
SCIU Global X Scientific Beta US ETF 43.5 19 20 5.8 -1.0
NACP Impact Shares NAACP Minority Empowerment ETF 43.0 75 -36 4.5 -2.3
AFLG First Trust Active Factor Large Cap ETF 43.0 55 -16 5.5 -1.3
QWLD SPDR MSCI World StrategicFactors ETF 42.8 30 9 6.1 -0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 42.5 19 20 5.6 -1.2
FVAL Fidelity Value Factor ETF 41.9 29 10 8.0 +1.2
IUSG iShares Core S&P US Growth ETF 41.5 4 35 4.3 -2.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 41.4 29 10 6.7 -0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 41.3 9 30 5.9 -0.9
EQAL Invesco Russell 1000 Equal Weight ETF 41.3 20 19 5.7 -1.1
FDRR Fidelity Dividend ETF for Rising Rates 41.1 29 10 7.0 +0.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 40.7 35 4 5.9 -0.9
EXT WisdomTree U.S. Total Earnings Fund 40.6 28 11 5.2 -1.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 40.6 18 21 6.2 -0.6

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

  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 12.0 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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