Invesco International Ultra Dividend Revenue ETF
ALTAR
Score™
8.8% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
11.3x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
5.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RIDV tracks a revenue-weighted index of high-yield developed-market ex-US stocks.

FUND BASICS
Category International Equities
Fund Sponsor OppenheimerFunds
Website www.invesco.com
Inception date Aug 07, 2018
Assets (mns) $2
Currency USD
Expense ratio 42 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Revenue
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 202
Wgt avg mkt cap (mns) $60,690
Large cap (>$10bn) 85.2%
Mid cap ($2-10bn) 13.1%
Small cap (<$2bn) 1.7%
Developed mkts 97.3%
Emerging mkts 2.7%

TOP TEN HOLDINGS
TOTAL SA 4.8 %
BP PLC 4.7 %
ROYAL DUTCH SHELL PLC-A SHS 4.6 %
BAYERISCHE MOTOREN WERKE AG 2.9 %
CREDIT AGRICOLE SA 2.8 %
ENEL SPA 2.6 %
BANCO SANTANDER SA 2.4 %
DEUTSCHE TELEKOM AG 2.3 %
ENI SPA 2.2 %
HSBC HOLDINGS PLC 2.2 %
Total 31.3 %

TOP COUNTRY EXPOSURE
BRITAIN 24.1 %
FRANCE 15.5 %
GERMANY 8.8 %
ITALY 8.5 %
CANADA 7.0 %
AUSTRALIA 6.4 %
SPAIN 5.7 %
HONG KONG 4.2 %
NETHERLANDS 3.9 %
SWITZERLAND 3.4 %

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.
17.2% 17.2% -- -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.83 78%
MSCI EAFE 1.08 94%
MSCI Emg. Mkts. 0.79 79%

Technical Indicators
Recent close $24.31
30d moving avg. $24.28
Annualized volatility 16.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $8,344

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: RIDV Expense: 42 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RIDV
Ticker Fund
Name
Overlap1
vs RIDV
(%)
Expense
ratio
(bp)
Savings
vs RIDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs RIDV
(%)
DTH WisdomTree DEFA Equity Income 38.9 58 -16 8.2 -0.6
CID Victory CEMP International High Div Volatility Wtd 37.7 45 -3 8.6 -0.2
EFV iShares MSCI EAFE Value 32.8 38 4 8.8 -0.1
IDV iShares DJ Int'l Select Dividend 30.1 49 -7 8.2 -0.6
DOL WisdomTree Int'l Large Cap Dividend 29.7 48 -6 7.5 -1.4
VYMI Vanguard Int'l High Dividend Yield 28.9 32 10 8.9 +0.1
HDEF Xtrackers MSCI EAFE High Div Yld Hedged 28.0 20 22 8.4 -0.5
IDY Pacific Global International Equity Income 27.8 39 3 8.0 -0.9
LVHI Legg Mason International Low Volatility High Dividend 26.8 40 2 8.9 +0.1
FGD First Trust DJ Global Select Dividend 26.0 58 -16 9.2 +0.3
HDAW Xtrackers MSCI All World ex US High Div Yield 26.0 20 22 9.5 +0.7
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 25.6 35 7 7.5 -1.3
DWM WisdomTree DEFA Fund 25.6 48 -6 7.4 -1.5
OEUR O'Shares FTSE Europe Quality Dividend 25.3 48 -6 6.1 -2.7
PXF Invesco FTSE-RAFI Developed ex-US 25.1 45 -3 7.8 -1.0
EUFN iShares MSCI Europe Financial Sector 23.9 48 -6 8.7 -0.2
IEV iShares S&P Europe 350 23.5 59 -17 6.1 -2.7
FNDF Schwab Fundamental Intl Large Cap 23.4 25 17 7.4 -1.4
BBEU JPMorgan BetaBuilders Europe 22.8 9 33 6.6 -2.3
DOO WisdomTree Int'l Dividend Ex-Financials 22.7 58 -16 7.7 -1.1

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

  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 International 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 9.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.63
 
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.