Invesco S&P 500 Pure Growth ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.8x P/Sales
ratio
3.4x
P/BV
ratio
5.1x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P 500 Pure Growth ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before expenses, the performance of the S&P 500/Citigroup Pure Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Mar 07, 2006
Assets (mns) $2,830
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 105
Wgt avg mkt cap (mns) $115,956
Large cap (>$10bn) 98.8%
Mid cap ($2-10bn) 1.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SERVICENOW INC 2.1 %
PAYCOM SOFTWARE INC 2.0 %
PULTE HOMES INC 1.8 %
LAM RESEARCH CORP 1.8 %
MICRON TECHNOLOGY INC 1.7 %
FACEBOOK 1.6 %
FORTINET INC 1.6 %
MASTERCARD INC-CLASS A 1.6 %
HILTON WORLDWIDE HOLDINGS, INC. 1.5 %
MSCI INC-A 1.5 %
Total 17.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.9 %
SWITZERLAND 0.6 %
IRELAND 0.6 %








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.
0.8% 18.6% 10.9% 15.5% 10.5%

Market Correlations
versus... Beta R-squared
S&P500 1.05 88%
MSCI EAFE 0.96 61%
MSCI Emg. Mkts. 0.64 48%

Technical Indicators
Recent close $135.09
30d moving avg. $131.39
Annualized volatility 13.5%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.1%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 78
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $66,091

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco S&P 500 Pure Growth ETF ETF based on the alternatives' overlap in portfolio holdings with RPG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RPG Expense: 35 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RPG
Ticker Fund
Name
Overlap1
vs RPG
(%)
Expense
ratio
(bp)
Savings
vs RPG
(bp)
ALTAR
Score™
(%)
ALTAR
vs RPG
(%)
FTC First Trust Large Cap Growth 43.1 61 -26 3.1 -1.9
RYT Invesco S&P Equal Weight Technology 36.6 40 -5 6.1 +1.1
IVW iShares S&P 500 Growth 35.7 18 17 4.6 -0.4
SPYG SPDR Portfolio S&P 500 Growth 35.7 4 31 4.7 -0.3
VOOG Vanguard S&P 500 Growth 35.6 10 25 4.7 -0.3
QQEW First Trust NASDAQ 100 Equal Weight 35.1 60 -25 4.7 -0.3
QQQE Direxion NASDAQ-100 Equal Weight 35.1 35 0 5.0 -0.0
IUSG iShares Core U.S. Growth 34.5 4 31 4.7 -0.3
JKE iShares Morningstar Large Cap Growth 33.6 25 10 3.4 -1.6
VUG Vanguard Growth ETF 32.3 4 31 4.2 -0.7
SPHB Invesco S&P 500 High Beta 31.9 25 10 6.7 +1.7
QGRO American Century STOXX U.S. Quality Growth 31.8 29 6 5.5 +0.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 31.6 60 -25 6.9 +1.9
PSET Principal Price Setters 30.1 29 6 5.3 +0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index 30.0 15 20 5.3 +0.4
JMOM JPMorgan U.S. Momentum Factor 29.6 12 23 4.1 -0.9
MGK Vanguard Mega Cap 300 Growth 29.5 7 28 4.4 -0.6
SCHG Schwab U.S. Large-Cap Growth 29.5 4 31 4.3 -0.7
IWF iShares Russell 1000 Growth 29.5 19 16 4.5 -0.5
VONG Vanguard Russell 1000 Growth 29.5 8 27 4.7 -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%.

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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

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 S&P 500 Pure Growth ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 26.4 %
Divided by: Fwd. P/BV 5.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.