Invesco S&P 500 Pure Value ETF
ALTAR
Score™
9.8% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
11.2x P/Sales
ratio
0.6x
P/BV
ratio
1.2x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P 500 Pure Value 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 Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Mar 07, 2006
Assets (mns) $1,026
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 119
Wgt avg mkt cap (mns) $36,015
Large cap (>$10bn) 77.5%
Mid cap ($2-10bn) 22.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VALERO ENERGY CORP 2.2 %
FORD MOTOR CO 2.1 %
METLIFE INC 2.0 %
LENNAR CORP-CL A 1.9 %
COTY INC-CL A 1.8 %
PRUDENTIAL FINANCIAL INC 1.8 %
BAKER HUGHES, A GE COMPANY CLASS A 1.8 %
TYSON FOODS INC-CL A 1.7 %
PHILLIPS 66 1.7 %
ASSURANT INC 1.6 %
Total 18.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.1 %
IRELAND 1.9 %
BRITAIN 1.8 %
BERMUDA 1.2 %
SWITZERLAND 0.8 %






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.
17.3% 3.7% 6.1% 13.8% 8.2%

Market Correlations
versus... Beta R-squared
S&P500 1.22 82%
MSCI EAFE 1.05 51%
MSCI Emg. Mkts. 0.67 34%

Technical Indicators
Recent close $67.49
30d moving avg. $66.57
Annualized volatility 16.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.3%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 161
Turnover 1.1%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $24,208

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: RPV Expense: 35 bp ALTAR Score™: 9.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RPV
Ticker Fund
Name
Overlap1
vs RPV
(%)
Expense
ratio
(bp)
Savings
vs RPV
(bp)
ALTAR
Score™
(%)
ALTAR
vs RPV
(%)
SPVU Invesco S&P 500 Value 52.8 13 22 11.1 +1.3
PXLV Invesco Fundamental Pure Large Value 40.9 39 -4 8.5 -1.4
FTA First Trust Large Cap Value 38.6 62 -27 8.7 -1.1
VLUE iShares MSCI USA Value Factor 37.1 15 20 11.0 +1.2
RYF Invesco S&P Equal Weight Financials 31.9 40 -5 7.5 -2.3
RWL Invesco S&P 500 Revenue ETF 31.9 39 -4 7.5 -2.3
JKI iShares Morningstar Mid Cap Value 30.7 30 5 8.7 -1.1
ULVM USAA MSCI USA Value Momentum Blend Index 29.0 20 15 7.8 -2.0
FLAG Forensic Accounting 27.5 152 -117 8.9 -0.9
CDL Victory CEMP US Large Cap High Div Volatility Wtd 27.5 35 0 7.9 -2.0
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd 27.5 35 0 7.9 -2.0
OVLU Invesco Russell 1000 Value Factor ETF 26.9 19 16 7.9 -1.9
VLU SPDR S&P 1500 Value Tilt 26.9 12 23 7.5 -2.3
CLRG IQ Chaikin U.S. Large Cap 26.8 25 10 8.2 -1.7
VOE Vanguard Mid-Cap Value 26.7 7 28 7.7 -2.2
JVAL JPMorgan U.S. Value Factor 26.5 12 23 8.6 -1.2
USDY Pacific Global US Equity Income 26.2 29 6 7.7 -2.2
SPDV AAM S&P 500 High Dividend Value 26.2 29 6 10.8 +1.0
RVRS Reverse Cap Weighted US Large Cap 26.2 29 6 8.0 -1.8
MAGA Point Bridge GOP Stock Tracker 25.8 72 -37 6.6 -3.3

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

  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 Value 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 11.4 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.