Invesco S&P Ultra Dividend Revenue ETF
ALTAR
Score™
10.1% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
12.0x P/Sales
ratio
0.7x
P/BV
ratio
1.8x Div.
yield
4.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RDIV tracks an index that selects the 60-highest-yielding stocks from the S&P 900 and weights them by revenue.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Oct 01, 2013
Assets (mns) $1,616
Currency USD
Expense ratio 39 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 60
Wgt avg mkt cap (mns) $61,176
Large cap (>$10bn) 77.6%
Mid cap ($2-10bn) 18.3%
Small cap (<$2bn) 4.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CARDINAL HEALTH INC 5.5 %
LYONDELLBASELL INDU-CL A 5.3 %
ABBVIE INC 5.1 %
GENERAL MOTORS CO 5.0 %
PRUDENTIAL FINANCIAL INC 5.0 %
INTL BUSINESS MACHINES CORP 4.9 %
EXXON MOBIL CORP 4.9 %
VERIZON COMMUNICATIONS INC 4.8 %
SCHLUMBERGER LTD 4.5 %
INTERNATIONAL PAPER CO 3.4 %
Total 48.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.0 %
BRITAIN 5.3 %
IRELAND 1.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.4% 5.5% 9.2% -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 1.03 70%
MSCI EAFE 0.85 40%
MSCI Emg. Mkts. 0.50 23%

Technical Indicators
Recent close $38.20
30d moving avg. $38.28
Annualized volatility 14.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.2%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 171
Turnover 0.4%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $7,870

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco S&P Ultra Dividend Revenue ETF ETF based on the alternatives' overlap in portfolio holdings with RDIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RDIV Expense: 39 bp ALTAR Score™: 10.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RDIV
Ticker Fund
Name
Overlap1
vs RDIV
(%)
Expense
ratio
(bp)
Savings
vs RDIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs RDIV
(%)
WBIY WBI Power Factor High Dividend 41.9 70 -31 10.3 +0.2
SPYD SPDR Portfolio S&P 500 High Dividend 38.8 7 32 9.3 -0.8
SPHD Invesco S&P 500 High Dividend 35.8 30 9 7.9 -2.2
SDOG ALPS Sector Dividend Dogs 35.6 40 -1 9.4 -0.7
FDL First Trust Morningstar Dividend Leaders 34.4 45 -6 8.6 -1.5
SPDV AAM S&P 500 High Dividend Value 28.6 29 10 10.8 +0.7
DVY iShares Select Dividend 24.6 39 0 8.1 -2.1
DHS WisdomTree Equity Income 24.6 38 1 7.3 -2.8
DTN WisdomTree Dividend Ex-Financials 23.9 38 1 7.9 -2.2
ACIO Aptus Collared Income Opportunity 22.6 79 -40 6.8 -3.4
PEY Invesco High Yield Equity Dividend Acheivers 22.4 53 -14 6.9 -3.2
XLSY Cushing Energy Supply Chain & MLP 20.8 65 -26 5.6 -4.5
CDL Victory CEMP US Large Cap High Div Volatility Wtd 18.4 35 4 7.9 -2.3
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd 18.4 35 4 7.9 -2.3
FDVV Fidelity Core Dividend 18.4 29 10 7.4 -2.7
DURA VanEck Vectors Morningstar Durable Dividend 17.9 29 10 6.7 -3.4
OYLD Invesco Russell 1000 Yield Factor ETF 17.4 19 20 7.1 -3.1
JKF iShares Morningstar Large Value 17.3 25 14 7.7 -2.4
SCHD Schwab US Dividend Equity 17.2 6 33 7.3 -2.8
RNDV US Equity Dividend Select 16.5 50 -11 7.8 -2.4

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Invesco S&P Ultra Dividend Revenue ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 CATEGORY
AVERAGE
1.55
 
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.