RFG
Invesco S&P Midcap 400 Pure Growth ETF
Invesco S&P Midcap 400 Pure Growth ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before expenses, the performance of the S&P Midcap 400/Citigroup Pure Growth Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
333.7 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
Fund sponsor | Security Investors LLC |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Mar 01, 2006 |
Assets (mns) | $334 |
Expense ratio | 35 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Fundamental |
Weighting | Fundamental |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
CNX RESOURCES CORPORATION | 3.0 % |
DUOLINGO, INC. CLASS A | 2.9 % |
COMFORT SYSTEMS USA INC | 2.4 % |
SOUTHWESTERN ENERGY CO | 2.2 % |
TOLL BROTHERS INC | 2.2 % |
RYAN SPECIALTY HOLDINGS, INC. CLASS A | 2.1 % |
AAON INC | 2.1 % |
WINGSTOP, INC. | 2.0 % |
TOPBUILD CORP | 1.9 % |
VALARIS LTD | 1.9 % |
Constituent Breakdown
Number of holdings | 86 |
Herfindahl-Hirschman Index | 141 |
Wgt avg mkt cap (mns) | $10,253 |
Large cap (>$10bn) | 48.6% |
Mid cap ($2-10bn) | 49.7% |
Small cap (<$2bn) | 0.8% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 92.8 % | |
CANADA | 1.9 % | |
SWITZERLAND | 1.5 % | |
CAYMAN ISLANDS | 1.3 % | |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 19.5% | 26.5% | 22.5% | 4.5% | 12.3% | 7.9% | 9.2% | Volatility | 17.8% | 16.7% | 22.5% | 23.5% | 27.0% | 22.2% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.13 | 74% |
MSCI EAFE | 1.02 | 59% |
MSCI Emg Mkts | 0.70 | 27% |
Liquidity Measures
Avg. volume (000) | 18 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.10% |
ADV of underlying (mns) | $8,093 |
Technical Indicators
Recent close | $49.40 |
30d moving avg. | $47.72 |
Annualized volatility | 23.4% |
Relative strength (RSI) | 54 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 5.5% |
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. RFG |
Expenses vs. RFG |
ALTAR Score™ vs. RFG |
---|---|---|---|---|
IJK | iShares S&P Mid-Cap 400 Growth ETF | 48.5% | -18 bp | +0.4% |
IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 47.7% | -20 bp | +0.3% |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 47.3% | -20 bp | +0.4% |
XMMO | Invesco S&P MidCap Momentum ETF | 44.8% | -1 bp | +0.3% |
GRPM | Invesco S&P MidCap 400 GARP ETF | 39.1% | 0 bp | +3.8% |
XMHQ | Invesco S&P MidCap Quality ETF | 37.8% | -10 bp | +1.2% |
BUL | Pacer US Cash Cows Growth ETF | 35.7% | +25 bp | +2.3% |
QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 25.9% | -20 bp | +1.3% |
IJH | iShares Core S&P Mid-Cap ETF | 25.4% | -30 bp | +1.1% |
MDY | SPDR S&P Midcap 400 ETF Trust | 25.4% | -11 bp | +0.9% |
Risk and Returns: RFG 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 | -- | -- | -- | -- | -- | -- | -- | |
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
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 | --% |
Based on closing prices from 10/4/2024
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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
RFG
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 Rating
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™
RFG
5.6%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. RFG's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places RFG in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RFGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
RFG (35 bp) Percentile rank | 36 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
RFG | 35.0 | 10.3 | 45.3 |
Peer Avg. | 37.4 | 15.4 | 52.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .