GBLD

Invesco MSCI Green Building ETF

GBLD is a market-cap-weighted index of global companies focused on the sustainability of the worlds green building ecosystem.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorInvesco
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateApr 22, 2021
Assets (mns)$6
Expense ratio39 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionPrinciples-based
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedYes
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ALEXANDRIA REAL ESTATE EQUIT 8.0 %
DAIWA HOUSE INDUSTRY CO LTD 6.9 %
BOSTON PROPERTIES INC 3.7 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED SECS C 3.5 %
CAPITAMALL TRUST 3.0 %
ASCENDAS REAL ESTATE INV TRT 2.9 %
NIPPON BUILDING FUND INC 2.5 %
MERITAGE HOMES CORP 2.3 %
LAND SECURITIES GROUP PLC 2.3 %
KLEPIERRE 2.1 %
Constituent Breakdown
Number of holdings88
Herfindahl-Hirschman Index 262
Wgt avg mkt cap (mns)$6,975
Large cap (>$10bn)26.3%
Mid cap ($2-10bn)60.1%
Small cap (<$2bn)13.6%
Developed mkts.99.3%
Emerging mkts.0.8%
Country Exposure
JAPAN 31.2 %
UNITED STATES 27.9 %
SINGAPORE 10.9 %
FRANCE 5.8 %
BRITAIN 4.0 %
NETHERLANDS 3.7 %
HONG KONG 3.1 %
AUSTRALIA 2.5 %
SPAIN 2.1 %
SWEDEN 1.4 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 6.8% -6.4% -- -- -- -7.2%
Market Correlations
versus...BetaR-squared
S&P 5000.9267%
MSCI EAFE1.0584%
MSCI Emg Mkts0.8457%
Liquidity Measures
Avg. volume (000)3
Turnover0.9%
Avg. Bid/Ask (% of price)0.49%
ADV of underlying (mns)$1,169
Technical Indicators
Recent close$16.71
30d moving avg.$16.40
Annualized volatility20.3%
Relative strength (RSI)68
Short interest (ETF)1.8%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Comparable ETFs Based on Overlap
Ticker Fund Name Overlap
vs. GBLD
Expenses
vs. GBLD
ALTAR Score™
vs. GBLD
Risk and Returns: GBLD vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.6 12.3 0.8 4.8% --
Based on closing prices from 3/27/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
GBLD



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

GBLD

7.9%

Cat. Avg

3.6%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.9%
Recommendation

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.

Category Overview
There are 340 funds in the Global Equities category, with an average ALTAR Score™ of 3.6% and a standard deviation of 4.7%. GBLD's ALTAR Score™ is approximately 0.9 standard deviations above the category average. This places GBLD in the 82nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
GBLD
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
GBLD 39.0 48.9 87.9
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.