Invesco Russell 1000 Low Beta Equal Weight
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.2x P/Sales
ratio
1.7x
P/BV
ratio
2.7x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Russell 1000 Low Beta Equal Weight Portfolio tracks an index of stocks selected from the 1000 largest US firms. The index selects stocks with low beta and positive earnings, and weights them equally.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Nov 05, 2015
Assets (mns) $96
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 413
Wgt avg mkt cap (mns) $38,707
Large cap (>$10bn) 59.8%
Mid cap ($2-10bn) 39.7%
Small cap (<$2bn) 0.6%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
GLOBAL PAYMENTS INC 0.5 %
HARRIS CORP 0.5 %
INSULET CORP 0.4 %
JABIL CIRCUIT INC 0.3 %
SKYWORKS SOLUTIONS INC 0.3 %
APPLE INC 0.3 %
PHILLIPS 66 0.3 %
EDWARDS LIFESCIENCES CORP 0.3 %
WESTERN UNION CO 0.3 %
LAMB WESTON HOLDINGS, INC. 0.3 %
Total 3.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
BRITAIN 1.6 %
BERMUDA 1.5 %
IRELAND 0.5 %
PANAMA 0.3 %
NETHERLANDS 0.2 %
CAYMAN ISLANDS 0.2 %
SWITZERLAND 0.2 %



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.
21.0% 10.4% -- -- 9.3%

Market Correlations
versus... Beta R-squared
S&P500 0.90 86%
MSCI EAFE 0.71 46%
MSCI Emg. Mkts. 0.45 31%

Technical Indicators
Recent close $34.16
30d moving avg. $33.53
Annualized volatility 11.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.4%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $72,073

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco Russell 1000 Low Beta Equal Weight ETF based on the alternatives' overlap in portfolio holdings with USLB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: USLB Expense: 35 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH USLB
Ticker Fund
Name
Overlap1
vs USLB
(%)
Expense
ratio
(bp)
Savings
vs USLB
(bp)
ALTAR
Score™
(%)
ALTAR
vs USLB
(%)
USEQ Invesco Russell 1000 Enhanced Equal Weight 49.9 29 6 6.7 +0.9
CFA Compass EMP US 500 Volatility Weighted 48.9 35 0 6.1 +0.3
CFO Victory CEMP US 500 Enhanced Volatility Wtd 48.8 35 0 6.1 +0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 48.6 9 26 6.4 +0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor 48.1 17 18 6.3 +0.6
RSP Invesco S&P 500 Equal Weight 47.7 20 15 6.8 +1.0
JPUS JPMorgan Diversified Return U.S. Equity 45.7 19 16 6.3 +0.5
ONEO SPDR Russell 1000 Momentum Focus 44.8 20 15 6.4 +0.6
SIZE iShares MSCI USA Size Factor 44.6 15 20 6.3 +0.5
EUSA iShares MSCI USA Equal Weight 42.8 15 20 6.5 +0.7
EQAL Invesco Russel 1000 Equal Weight 42.4 20 15 6.0 +0.2
ROUS Lattice U.S. Equity Strategy ETF 42.3 19 16 6.4 +0.6
SCIU Global X Scientific Beta US 41.5 19 16 5.7 -0.1
RBUS Nationwide Risk-Based U.S. Equity 41.4 30 5 6.1 +0.3
IWR iShares Russell Midcap 40.2 19 16 5.9 +0.1
ONEV SPDR Russell 1000 Low Volatility Focus 39.9 20 15 7.0 +1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity 39.5 24 11 6.1 +0.3
RNLC Large Cap US Equity Select 38.9 60 -25 6.3 +0.6
JHML John Hancock Multifactor Large Cap 38.9 34 1 5.9 +0.2
JHMM John Hancock Multifactor Mid Cap 38.9 44 -9 5.9 +0.1

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%.

Content on this tab for subscribers only**

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 Russell 1000 Low Beta Equal Weight
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 15.3 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 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.