Invesco FTSE RAFI US 1000 ETF
ALTAR
Score™
5.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
24.9x P/Sales
ratio
1.3x
P/BV
ratio
2.2x Div.
yield
2.2%


  • 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) $4,550
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 987
Wgt avg mkt cap (mns) $275,014
Large cap (>$10bn) 86.3%
Mid cap ($2-10bn) 11.9%
Small cap (<$2bn) 1.8%
Developed mkts 100.0%
Emerging mkts 0.1%

TOP TEN HOLDINGS
APPLE INC 4.0 %
BERKSHIRE HATHAWAY INC-CL B 1.8 %
MICROSOFT CORP 1.8 %
EXXON MOBIL CORP 1.7 %
JPMORGAN CHASE & CO 1.7 %
AT&T INC 1.4 %
VERIZON COMMUNICATIONS INC 1.3 %
CHEVRON CORP 1.2 %
JOHNSON & JOHNSON 1.2 %
WAL-MART STORES INC 1.1 %
Total 17.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
IRELAND 1.6 %
BRITAIN 1.3 %
SWITZERLAND 0.5 %
BERMUDA 0.3 %
NETHERLANDS 0.1 %
SINGAPORE 0.1 %
CHINA 0.0 %
PUERTO RICO 0.0 %
LUXEMBOURG 0.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.7% 7.7% 11.3% 11.3% 8.9%

Market Correlations
versus... Beta R-squared
S&P500 1.08 96%
MSCI EAFE 1.05 89%
MSCI Emg. Mkts. 0.84 73%

Technical Indicators
Recent close $139.07
30d moving avg. $134.55
Annualized volatility 20.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 79
Turnover 0.2%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $282,184

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 5.8%


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 86.3 25 14 5.8 0.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 86.2 25 14 5.7 -0.1
VLU SPDR S&P 1500 Value Tilt ETF 77.4 12 27 6.1 +0.4
IUS Invesco Strategic US ETF 72.9 19 20 5.5 -0.3
RWL Invesco S&P 500 Revenue ETF 69.8 39 0 6.2 +0.5
IUSV iShares Core S&P U.S. Value ETF 69.0 4 35 6.4 +0.7
VOOV Vanguard S&P 500 Value ETF 68.2 10 29 6.6 +0.8
VONV Vanguard Russell 1000 Value Index Fund 67.5 8 31 6.1 +0.4
IWD iShares Russell 1000 Value ETF 66.4 19 20 6.0 +0.3
SPYV SPDR Portfolio S&P 500 Value ETF 65.8 4 35 6.4 +0.6
IVE iShares S&P 500 Value ETF 65.8 18 21 6.3 +0.5
SPTM SPDR Portfolio Total Stock Market ETF 65.7 3 36 4.8 -1.0
SCHK Schwab 1000 Index ETF 65.4 5 34 4.6 -1.2
VTHR Vanguard Russell 3000 Index Fund 65.2 10 29 4.4 -1.4
PBP Invesco S&P 500 BuyWrite ETF 65.2 49 -10 4.3 -1.4
IYY iShares Dow Jones U.S. ETF 65.1 20 19 4.4 -1.4
JHML John Hancock Multifactor Large Cap ETF 65.1 29 10 4.9 -0.9
IWB iShares Russell 1000 ETF 64.9 15 24 4.5 -1.3
XYLG Global X S&P 500 Covered Call & Growth ETF 64.9 60 -21 4.4 -1.4
DFAU Dimensional US Core Equity Market ETF 64.7 12 27 4.7 -1.1
SCHX Schwab U.S. Large-Cap ETF 64.5 3 36 4.6 -1.2
ESGV Vanguard ESG U.S. Stock ETF 64.3 12 27 4.5 -1.3
SPLG SPDR Portfolio Large Cap ETF 64.3 3 36 4.7 -1.0
SPY SPDR S&P 500 ETF Trust 64.3 9 30 4.7 -1.1
IVV iShares Core S&P 500 ETF 64.2 3 36 4.7 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 64.1 8 31 5.9 +0.1
SCHB Schwab U.S. Broad Market ETF 64.0 3 36 4.5 -1.3
IWV iShares Russell 3000 ETF 63.9 20 19 4.3 -1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 63.8 3 36 4.4 -1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 63.6 2 37 4.6 -1.2
VOO VANGUARD S&P 500 ETF 63.6 3 36 4.8 -1.0
PBUS Invesco PureBeta MSCI USA ETF 63.5 4 35 4.6 -1.2
DIVB iShares U.S. Dividend & Buyback ETF 63.4 25 14 5.9 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 63.3 20 19 4.8 -1.0
VTI Vanguard Total Stock Market Index Fund 62.6 3 36 4.4 -1.4
VV Vanguard Large-Cap Index Fund 62.5 4 35 4.6 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 62.4 7 32 4.5 -1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 62.4 25 14 4.9 -0.9
SCHV Schwab U.S. Large-Cap Value ETF 62.3 4 35 6.1 +0.3
AVUS Avantis U.S. Equity ETF 62.3 15 24 4.8 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 61.9 27 12 4.6 -1.2
VONE Vanguard Russell 1000 ETF 61.7 8 31 4.6 -1.2
VTV Vanguard Value Index Fund 59.1 4 35 6.6 +0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 59.1 20 19 4.6 -1.2
SPXT ProShares S&P 500 Ex-Technology ETF 58.8 27 12 4.9 -0.9
SFY SoFi Select 500 ETF 58.3 0 39 4.6 -1.2
XVV iShares ESG Screened S&P 500 ETF 58.1 8 31 4.9 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 57.9 27 12 4.3 -1.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 57.9 30 9 5.0 -0.7
QUS SPDR MSCI USA StrategicFactors ETF 57.7 15 24 5.3 -0.5
DTD WisdomTree U.S.Total Dividend Fund 57.0 28 11 6.3 +0.5
MGC Vanguard Mega Cap Index Fund 56.6 7 32 4.6 -1.2
CATH Global X S&P 500 Catholic Values Custom ETF 56.4 29 10 4.6 -1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 55.8 30 9 5.2 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 55.4 27 12 4.4 -1.4
ESGU iShares MSCI USA ESG Optimized ETF 55.1 15 24 4.4 -1.4
IWL iShares Russell Top 200 ETF 54.4 15 24 4.4 -1.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 53.8 15 24 4.7 -1.1
BKLC BNY Mellon US Large Cap Core Equity ETF 53.4 0 39 4.5 -1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 52.9 28 11 6.2 +0.4
SNPE Xtrackers S&P 500 ESG ETF 52.8 10 29 4.6 -1.2
EFIV SPDR S&P 500 ESG ETF 52.8 10 29 4.6 -1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 52.7 9 30 4.8 -1.0
TOK iShares MSCI Kokusai ETF 52.5 25 14 4.9 -0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 52.4 9 30 5.0 -0.8
ESG FlexShares STOXX US ESG Impact Index Fund 51.2 32 7 4.5 -1.3
URTH iShares MSCI World ETF 49.7 24 15 5.0 -0.8
IQSU IQ Candriam ESG US Equity ETF 49.5 9 30 4.5 -1.3
MGV Vanguard Mega Cap Value ETF 49.1 7 32 6.5 +0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 48.9 12 27 4.0 -1.8
IWX iShares Russell Top 200 Value ETF 48.9 20 19 6.1 +0.3
OEF iShares S&P 100 ETF 48.3 20 19 4.2 -1.6
VYM Vanguard High Dividend Yield Index ETF 47.9 6 33 6.7 +0.9
RSP Invesco S&P 500 Equal Weight ETF 47.4 20 19 5.6 -0.2
DGRO iShares Core Dividend Growth ETF 47.3 8 31 6.0 +0.2
EQWL Invesco Russell Top 200 Equal Weight ETF 46.8 25 14 5.6 -0.2
RAFE PIMCO RAFI ESG U.S. ETF 45.3 30 9 6.7 +0.9
ACWI iShares MSCI ACWI ETF 45.2 32 7 5.1 -0.7
EUSA iShares MSCI USA Equal Weighted ETF 45.1 15 24 5.1 -0.7
JVAL JPMorgan U.S. Value Factor ETF 44.8 12 27 7.1 +1.4
ROUS Hartford Multifactor US Equity ETF 44.8 19 20 5.9 +0.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 44.7 9 30 5.0 -0.8
RNLC Large Cap US Equity Select ETF 44.5 60 -21 5.2 -0.5
SIZE iShares MSCI USA Size Factor ETF 44.1 15 24 5.1 -0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 44.0 19 20 5.3 -0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 43.9 15 24 5.8 +0.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 43.8 20 19 5.3 -0.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 43.8 20 19 5.3 -0.5
VT Vanguard Total World Stock ETF 43.7 8 31 5.4 -0.4
VFVA Vanguard U.S. Value Factor ETF 43.2 14 25 8.4 +2.7
NACP Impact Shares NAACP Minority Empowerment ETF 42.6 49 -10 4.7 -1.1
AFLG First Trust Active Factor Large Cap ETF 42.2 55 -16 4.7 -1.1
QWLD SPDR MSCI World StrategicFactors ETF 42.1 30 9 5.4 -0.4
RECS Columbia Research Enhanced Core ETF 41.6 15 24 5.1 -0.7
RESP WisdomTree US ESG Fund of Benef Interest 41.4 28 11 5.1 -0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 41.2 60 -21 3.6 -2.2

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 12.7 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.49
 
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.