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

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorSecurity Investors LLC
CategoryUS
Asset classEquity
Websitelink...
Inception dateMar 01, 2006
Assets (mns)$2,029
Expense ratio35 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingFundamental
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
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 holdings94
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)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
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...BetaR-squared
S&P 5000.9162%
MSCI EAFE0.9968%
MSCI Emg Mkts0.7439%
Liquidity Measures
Avg. volume (000)143
Turnover0.6%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$48,627
Technical Indicators
Recent close$87.47
30d moving avg.$84.64
Annualized volatility20.9%
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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Risk and Returns: RPV vs. Comps (1 YR)

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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 --%
0.5 9.8 1.1 2.8% --
Based on closing prices from 7/22/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

9.7%

Cat. Avg

5.6%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.7%
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 5.6% 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
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 .