RWJ

Invesco S&P SmallCap 600 Revenue ETF

RWJ tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue.


US Equities

EQUITY

Rules-Based

MANAGEMENT STYLE

39 bp

EXPENSES

$1.5 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorInvesco
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateFeb 19, 2008
Assets (mns)$1,455
Expense ratio39 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingRevenue
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
WORLD FUEL SERVICES CORP 4.0 %
UNITED NATURAL FOODS INC 3.0 %
ECHOSTAR CORP-A 1.8 %
GROUP 1 AUTOMOTIVE INC 1.6 %
LINCOLN NATIONAL CORP 1.3 %
ASBURY AUTOMOTIVE GROUP 1.3 %
SONIC AUTOMOTIVE INC-CLASS A 1.2 %
KOHLS CORP 1.2 %
ANDERSONS INC/THE 1.1 %
DANA HOLDING CORP 0.9 %
Constituent Breakdown
Number of holdings579
Herfindahl-Hirschman Index 66
Wgt avg mkt cap (mns)$2,651
Large cap (>$10bn)0.0%
Mid cap ($2-10bn)57.7%
Small cap (<$2bn)42.1%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 95.7 %
BERMUDA 1.1 %
BRITAIN 0.8 %
Historical Performance


Standardized Annual Returns (as of 05/31/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
1.4% 21.5% 6.0% 2.4% 17.9% 10.0% 11.4%
Market Correlations
versus...BetaR-squared
S&P 5001.0768%
MSCI EAFE1.1168%
MSCI Emg Mkts0.8036%
Liquidity Measures
Avg. volume (000)82
Turnover0.2%
Avg. Bid/Ask (% of price)0.11%
ADV of underlying (mns)$10,886
Technical Indicators
Recent close$40.64
30d moving avg.$41.37
Annualized volatility23.2%
Relative strength (RSI)68
Short interest (ETF)0.0%
Short interest (underlying)20.2%
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: RWJ vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends 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 --%
0.2 12.2 1.0 2.1% --
Based on closing prices from 6/11/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
RWJ



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™

RWJ

9.3%

Cat. Avg

5.8%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.3%
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 891 funds in the US Equities category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.8%. RWJ's ALTAR Score™ is approximately 1.3 standard deviations above the category average. This places RWJ in the 90th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
RWJ 39.0 10.8 49.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .