Invesco Raymond James SB-1
ALTAR
Score™
3.1% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
23.0x P/Sales
ratio
1.0x
P/BV
ratio
1.7x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Raymond James SB-1 Equity ETF is an exchange-traded Fund incorporated in the USA. The Fund's objective is to track the performance of the Raymond James SB-1 Equity Index, which tracks all equity securities rated Strong Buy by Raymond James & Associates.

FUND BASICS
Category US Equities
Fund Sponsor Guggenheim
Website guggenheiminvestments.com
Inception date May 19, 2006
Assets (mns) $153
Currency USD
Expense ratio 82 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 141
Wgt avg mkt cap (mns) $29,019
Large cap (>$10bn) 34.8%
Mid cap ($2-10bn) 32.0%
Small cap (<$2bn) 33.3%
Developed mkts 97.0%
Emerging mkts 3.0%

TOP TEN HOLDINGS
EVERI HOLDINGS, INC. 0.9 %
SPOTIFY TECHNOLOGY SA 0.9 %
CHEMOCENTRYX INC 0.9 %
AXON ENTERPRISE INC 0.9 %
OIL STATES INTERNATIONAL INC 0.9 %
LUMENTUM HOLDINGS, INC. 0.9 %
INTERCEPT PHARMACEUTICALS IN 0.9 %
SRC ENERGY INC 0.8 %
QUALCOMM INC 0.8 %
SS&C TECHNOLOGIES HOLDINGS 0.8 %
Total 8.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.6 %
CHINA 1.5 %
LUXEMBOURG 0.9 %
ARGENTINA 0.7 %
SOUTH AFRICA 0.7 %
BRITAIN 0.7 %
CANADA 0.7 %
BERMUDA 0.7 %
FINLAND 0.5 %
COLOMBIA 0.3 %

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.
17.7% -0.0% 5.3% 12.0% 6.6%

Market Correlations
versus... Beta R-squared
S&P500 1.34 79%
MSCI EAFE 1.13 48%
MSCI Emg. Mkts. 0.67 28%

Technical Indicators
Recent close $43.92
30d moving avg. $42.94
Annualized volatility 18.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.6%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.1%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $20,723

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco Raymond James SB-1 ETF based on the alternatives' overlap in portfolio holdings with RYJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RYJ Expense: 82 bp ALTAR Score™: 3.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RYJ
Ticker Fund
Name
Overlap1
vs RYJ
(%)
Expense
ratio
(bp)
Savings
vs RYJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs RYJ
(%)
MAGA Point Bridge GOP Stock Tracker 11.1 72 10 6.5 +3.4
FTA First Trust Large Cap Value 9.8 62 20 8.7 +5.6
IUS Invesco Strategic US 9.2 19 63 6.7 +3.6
FEX First Trust Large Cap Core Alphadex 9.0 61 21 6.4 +3.3
FXL First Trust Technology Alphadex 8.9 63 19 5.6 +2.5
SFY SoFi Select 500 8.9 0 82 5.7 +2.6
EQWL Invesco Fundamental Pure Large Core 8.9 25 57 6.4 +3.3
KRMA Global X Conscious Companies 8.9 43 39 6.2 +3.1
GVIP Goldman Sachs Hedge Industry VIP 8.8 45 37 5.7 +2.6
RNLC Large Cap US Equity Select 8.8 60 22 6.4 +3.3
AMCA iShares Russell 1000 Pure U.S. Revenue 8.8 15 67 6.6 +3.5
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 8.7 29 53 9.6 +6.5
AIEQ AI Powered Equity 8.6 77 5 4.0 +0.9
HOMZ Hoya Capital Housing 8.6 45 37 6.4 +3.3
CATH Global X S&P 500 Catholic Values 8.6 29 53 5.9 +2.8
VDE Vanguard Energy ETF 8.5 10 72 3.9 +0.8
JHME John Hancock Multifactor Energy 8.5 40 42 3.4 +0.3
RWL Invesco S&P 500 Revenue ETF 8.5 39 43 7.5 +4.4
FXO First Trust Financial Alphadex 8.4 63 19 8.0 +4.9
FENY Fidelity MSCI Energy 8.4 8 74 4.1 +1.0

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 Raymond James SB-1
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 82 bp
Equals: ALTAR Score 3.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.33 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.