Invesco S&P 500 Pure Growth ETF
ALTAR
Score™
4.5% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
22.4x P/Sales
ratio
2.9x
P/BV
ratio
4.2x Div.
yield
1.1%


  • 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) $2,643
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) $69,627
Large cap (>$10bn) 95.0%
Mid cap ($2-10bn) 5.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KEYSIGHT TECHNOLOGIES INC 2.7 %
CSX CORP 1.9 %
THERMO FISHER SCIENTIFIC INC 1.8 %
SALESFORCE.COM INC 1.8 %
VERTEX PHARMACEUTICALS INC 1.7 %
ADVANCED MICRO DEVICES 1.7 %
AUTODESK INC 1.7 %
ULTA SALON COSMETICS & FRAGR 1.5 %
NETFLIX INC 1.5 %
DEVON ENERGY CORPORATION 1.5 %
Total 17.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
IRELAND 1.5 %
BRITAIN 1.1 %








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.
20.4% 11.4% 9.2% 15.2% 10.1%

Market Correlations
versus... Beta R-squared
S&P500 1.03 87%
MSCI EAFE 0.93 60%
MSCI Emg. Mkts. 0.67 50%

Technical Indicators
Recent close $120.69
30d moving avg. $118.31
Annualized volatility 13.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 77
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $39,077

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™: 4.5%


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
(%)
SPYG SPDR Portfolio S&P 500 Growth 33.2 4 31 5.1 +0.6
IVW iShares S&P 500 Growth 33.2 18 17 5.0 +0.5
VOOG Vanguard S&P 500 Growth 33.1 15 20 5.0 +0.5
IUSG iShares Core U.S. Growth 31.8 4 31 5.1 +0.6
SPHB Invesco S&P 500 High Beta 28.4 25 10 6.3 +1.8
JMOM JPMorgan U.S. Momentum Factor 27.8 12 23 4.4 -0.1
JKE iShares Morningstar Large Cap Growth 27.6 25 10 4.1 -0.4
BUL Pacer US Cash Cows Growth 26.6 60 -25 5.4 +0.9
KRMA Global X Conscious Companies 25.9 43 -8 6.2 +1.8
VOT Vanguard Mid-Cap Growth 23.7 7 28 4.1 -0.4
NULG NuShares ESG Large-Cap Growth 23.6 35 0 4.2 -0.3
MTUM iShares MSCI USA Momentum Factor 23.2 15 20 4.4 -0.1
FTC First Trust Large Cap Growth 23.2 61 -26 3.7 -0.8
DEF Invesco Defensive Equity 23.0 59 -24 5.0 +0.5
SPXN ProShares S&P 500 Ex-Financials 22.8 27 8 6.0 +1.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 22.7 75 -40 4.7 +0.2
IWF iShares Russell 1000 Growth 22.7 19 16 5.0 +0.5
VONG Vanguard Russell 1000 Growth 22.6 12 23 5.1 +0.6
OMOM Invesco Russell 1000 Momentum Factor ETF 22.4 19 16 5.3 +0.8
VUG Vanguard Growth ETF 22.4 4 31 4.9 +0.4

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

Content on this tab for subscribers only

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 500 Pure Growth ETF
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 17.9 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.