RPV
Invesco S&P 500 Pure Value ETF
Invesco S&P 500 Pure Value 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 500/Citigroup Pure Value Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
35 bp
EXPENSES
$2.0 B
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Security Investors LLC |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Mar 01, 2006 |
Assets (mns) | $2,013 |
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 +
GENERAL MOTORS CO | 4.4 % |
BERKSHIRE HATHAWAY INC-CL B | 3.7 % |
FORD MOTOR CO | 3.0 % |
VIATRIS, INC. | 2.3 % |
MOHAWK INDUSTRIES INC | 2.3 % |
UNITED CONTINENTAL HOLDINGS | 2.2 % |
TYSON FOODS INC-CL A | 2.2 % |
CITIGROUP INC | 2.2 % |
BUNGE GLOBAL SA | 2.0 % |
VIACOMCBS INC. CLASS B | 2.0 % |
Constituent Breakdown
Number of holdings | 94 |
Herfindahl-Hirschman Index | 154 |
Wgt avg mkt cap (mns) | $75,825 |
Large cap (>$10bn) | 89.8% |
Mid cap ($2-10bn) | 10.2% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 97.5 % | |
BERMUDA | 0.6 % | |
BRITAIN | 0.5 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 2.8% | 10.8% | 8.5% | 5.3% | 7.8% | 6.8% | 8.1% | Volatility | 13.2% | 14.8% | 18.8% | 19.1% | 27.1% | 22.1% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.91 | 62% |
MSCI EAFE | 0.99 | 68% |
MSCI Emg Mkts | 0.74 | 39% |
Liquidity Measures
Avg. volume (000) | 140 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.03% |
ADV of underlying (mns) | $48,627 |
Technical Indicators
Recent close | $86.74 |
30d moving avg. | $84.64 |
Annualized volatility | 20.9% |
Relative strength (RSI) | 48 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 3.1% |
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. RPV |
Expenses vs. RPV |
ALTAR Score™ vs. RPV |
---|---|---|---|---|
SPVU | Invesco S&P 500 Enhanced Value ETF | 46.7% | -22 bp | -0.5% |
SPVM | Invesco S&P 500 Value with Momentum ETF | 44.4% | +4 bp | -1.4% |
FTA | First Trust Large Cap Value AlphaDEX Fund | 36.1% | +24 bp | -1.5% |
RWL | Invesco S&P 500 Revenue ETF | 33.3% | +4 bp | -3.1% |
VLUE | iShares MSCI USA Value Factor ETF | 32.8% | -20 bp | +0.7% |
FCTR | First Trust Lunt U.S. Factor Rotation ETF | 28.4% | +30 bp | -4.4% |
RSPF | Invesco S&P 500 Equal Weight Financials ETF | 27.9% | +5 bp | -3.0% |
IMCV | iShares Morningstar Mid-Cap Value ETF | 26.7% | -29 bp | -1.8% |
DFLV | Dimensional US Large Cap Value ETF | 25.9% | -13 bp | -2.1% |
SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 25.5% | -28 bp | -1.1% |
Risk and Returns: RPV 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 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
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
RPV
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™
RPV
9.8%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 9.8% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. RPV's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places RPV in the 95th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
RPV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
RPV (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) |
|
---|---|---|---|
RPV | 35.0 | 2.7 | 37.7 |
Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .