PFM
Invesco Dividend Achievers ETF
Invesco Dividend Achievers Portfolio seeks investment results that correspond to then Broad Dividend Achievers Index, which tracks stocks that have increased their annual dividend for 10 or
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 15, 2005 |
| Assets (mns) | $614 |
| Expense ratio | 53 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICROSOFT CORP | 4.6 % |
| APPLE INC | 4.1 % |
| UNITEDHEALTH GROUP INC | 2.9 % |
| JPMORGAN CHASE & CO | 2.6 % |
| WAL-MART STORES INC | 2.4 % |
| EXXON MOBIL CORP | 2.4 % |
| VISA INC. CLASS A | 2.3 % |
| BROADCOM INC. | 2.3 % |
| MASTERCARD INCORPORATED CLASS A | 2.2 % |
| JOHNSON & JOHNSON | 2.1 % |
Constituent Breakdown
| Number of holdings | 402 |
| Herfindahl-Hirschman Index | 136 |
| Wgt avg mkt cap (mns) | $395,602 |
| Large cap (>$10bn) | 95.9% |
| Mid cap ($2-10bn) | 3.6% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.7 % |
 |
IRELAND | 3.2 % |
 |
SWITZERLAND | 0.8 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 7.6% | 4.1% | 3.6% | 8.2% | 9.6% | 9.3% | 7.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 88% |
| MSCI EAFE | 0.78 | 75% |
| MSCI Emg Mkts | 0.47 | 30% |
Liquidity Measures
| Avg. volume (000) | 34 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $73,852 |
Technical Indicators
| Recent close | $38.55 |
| 30d moving avg. | $36.36 |
| Annualized volatility | 15.3% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.4% |
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. PFM |
Expenses vs. PFM |
ALTAR Score™ vs. PFM |
|---|---|---|---|---|
| VIG | Vanguard Dividend Appreciation Index Fund | 83.3% | -47 bp | 0.0% |
| STXD | Strive 1000 Dividend Growth ETF | 69.8% | -18 bp | -0.2% |
| DGRO | iShares Core Dividend Growth ETF | 69.8% | -45 bp | +1.1% |
| OUSA | ALPS O'Shares U.S. Quality Dividend ETF | 64.7% | -5 bp | +0.5% |
| DGRW | WisdomTree U.S. Quality Dividend Growth Fund | 64.2% | -25 bp | +0.2% |
| VTV | Vanguard Value Index Fund | 60.3% | -49 bp | +1.6% |
| SCHV | Schwab U.S. Large-Cap Value ETF | 58.3% | -49 bp | +1.2% |
| VYM | Vanguard High Dividend Yield Index ETF | 56.2% | -47 bp | +1.9% |
| MGV | Vanguard Mega Cap Value ETF | 55.4% | -46 bp | +1.3% |
| ILCV | iShares Morningstar Value ETF | 54.4% | -49 bp | +1.4% |
Risk and Returns: PFM 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 | --% |
Based on closing prices from 11/30/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PFM
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™
PFM
5.8%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.8% |
Recommendation
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.
Category Overview
There are 896 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.1%. PFM's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places PFM in the 46th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PFM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PFM | 53.0 | 7.5 | 60.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .