Invesco S&P 500 Value
ALTAR
Score™
11.0% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
10.8x P/Sales
ratio
0.6x
P/BV
ratio
1.3x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P 500 Value Portfolio tracks an index composed of 100 of the highest-scoring securities by value held within the S&P 500.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.invesco.com
Inception date Oct 09, 2015
Assets (mns) $71
Currency USD
Expense ratio 13 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $85,939
Large cap (>$10bn) 92.9%
Mid cap ($2-10bn) 7.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT&T INC 5.2 %
WELLS FARGO & CO 5.0 %
BANK OF AMERICA CORP 4.9 %
CITIGROUP INC 4.6 %
CVS CAREMARK CORP 3.9 %
CIGNA CORP 2.9 %
PHILLIPS 66 2.9 %
GOLDMAN SACHS GROUP INC 2.9 %
GENERAL MOTORS CO 2.8 %
MARATHON PETROLEUM 2.6 %
Total 37.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.2 %
BRITAIN 1.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.5% 11.6% -- -- 9.2%

Market Correlations
versus... Beta R-squared
S&P500 1.13 77%
MSCI EAFE 1.06 56%
MSCI Emg. Mkts. 0.73 43%

Technical Indicators
Recent close $37.52
30d moving avg. $37.40
Annualized volatility 15.6%
Short interest (ETF) 1.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.6%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $22,072

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SPVU Expense: 13 bp ALTAR Score™: 11.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPVU
Ticker Fund
Name
Overlap1
vs SPVU
(%)
Expense
ratio
(bp)
Savings
vs SPVU
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPVU
(%)
RPV Invesco S&P 500 Pure Value ETF 52.8 35 -22 9.8 -1.2
VLUE iShares MSCI USA Value Factor 47.8 15 -2 10.9 -0.1
FTA First Trust Large Cap Value 38.6 62 -49 8.6 -2.4
RWW Invesco S&P Financials Revenue 37.9 45 -32 7.3 -3.7
IEFN iShares Evolved U.S. Financials 35.3 18 -5 7.3 -3.7
XLF Financials Select Sector SPDR 35.0 13 0 7.0 -4.0
CLRG IQ Chaikin U.S. Large Cap 34.6 25 -12 8.1 -2.9
PWV Invesco Dynamic Large Cap Value 32.6 55 -42 7.9 -3.1
VFH Vanguard Financials 32.0 10 3 7.3 -3.7
PXLV Invesco Fundamental Pure Large Value 31.9 39 -26 8.4 -2.6
FNCL Fidelity MSCI Financials 31.9 8 5 7.3 -3.7
RWL Invesco S&P 500 Revenue ETF 31.2 39 -26 7.5 -3.5
ESGL Invesco ESG Revenue ETF 31.1 40 -27 7.8 -3.2
OVLU Invesco Russell 1000 Value Factor ETF 30.5 19 -6 7.9 -3.1
JHMF John Hancock Multifactor Financials 28.5 40 -27 6.6 -4.4
IYG iShares DJ US Financial Services 28.0 42 -29 6.4 -4.6
USDY Pacific Global US Equity Income 27.3 29 -16 7.5 -3.6
VLU SPDR S&P 1500 Value Tilt 27.1 12 1 7.4 -3.6
SYV SPDR MFS Systematic Value Equity 27.0 60 -47 7.2 -3.8
FDL First Trust Morningstar Dividend Leaders 26.8 45 -32 8.6 -2.4

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

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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 S&P 500 Value
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 13.2 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 11.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.