Invesco Dynamic Large Cap Growth
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
25.4x P/Sales
ratio
3.6x
P/BV
ratio
5.2x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Dynamic Large Cap Growth Portfolio ETF tracks an index that uses a multifactor selection methodology to select 50 large-cap stocks with growth characteristics.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 03, 2005
Assets (mns) $756
Currency USD
Expense ratio 55 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 50
Wgt avg mkt cap (mns) $259,325
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NVIDIA CORP 4.0 %
MICROSOFT CORP 3.7 %
APPLE INC 3.7 %
NEXTERA ENERGY GROUP 3.6 %
MASTERCARD INC-CLASS A 3.6 %
ALPHABET INC. CLASS A 3.5 %
PAYPAL HOLDINGS INC 3.5 %
VISA INC-CLASS A SHARES 3.5 %
NIKE INC -CL B 3.3 %
THERMO FISHER SCIENTIFIC INC 3.3 %
Total 35.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.0 %
IRELAND 3.2 %
BRITAIN 2.9 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.6% 15.0% 13.2% 15.1% 9.6%

Market Correlations
versus... Beta R-squared
S&P500 0.99 89%
MSCI EAFE 0.89 60%
MSCI Emg. Mkts. 0.62 50%

Technical Indicators
Recent close $54.99
30d moving avg. $53.00
Annualized volatility 12.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.5%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 45
Turnover 0.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $39,045

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PWB Expense: 55 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PWB
Ticker Fund
Name
Overlap1
vs PWB
(%)
Expense
ratio
(bp)
Savings
vs PWB
(bp)
ALTAR
Score™
(%)
ALTAR
vs PWB
(%)
JKE iShares Morningstar Large Cap Growth 46.2 25 30 3.4 -0.4
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 38.2 29 26 8.7 +4.9
NULG NuShares ESG Large-Cap Growth 36.1 35 20 3.7 -0.0
MGK Vanguard Mega Cap 300 Growth 35.0 7 48 4.4 +0.6
OQAL Invesco Russell 1000 Quality Factor ETF 34.6 19 36 6.0 +2.2
IWY iShares Russell Top 200 Growth 34.6 20 35 4.6 +0.8
LRGE ClearBridge Large Cap Growth ESG 33.2 60 -5 3.8 +0.1
SCHG Schwab U.S. Large-Cap Growth 33.2 4 51 4.3 +0.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum 33.1 75 -20 3.8 +0.0
VUG Vanguard Growth ETF 32.2 4 51 4.3 +0.5
IVW iShares S&P 500 Growth 31.8 18 37 4.6 +0.8
SPYG SPDR Portfolio S&P 500 Growth 31.8 4 51 4.7 +1.0
VOOG Vanguard S&P 500 Growth 31.8 15 40 4.6 +0.8
IWF iShares Russell 1000 Growth 31.6 19 36 4.5 +0.8
VONG Vanguard Russell 1000 Growth 31.6 12 43 4.6 +0.8
IUSG iShares Core U.S. Growth 30.5 4 51 4.7 +0.9
FDMO Fidelity Momentum Factor 30.4 29 26 3.9 +0.1
MTUM iShares MSCI USA Momentum Factor 30.3 15 40 4.1 +0.3
QUAL iShares Edge MSCI USA Quality Factor 30.2 15 40 5.6 +1.8
IGM iShares S&P N. American Technology 29.5 46 9 4.1 +0.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Dynamic Large Cap Growth
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.0 %
Divided by: Fwd. P/BV 5.1 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.56
 
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.