SPGP

Invesco S&P 500 GARP ETF

SPGP tracks the S&P 500 Growth at a Reasonable Price Index. It is composed of 75 stocks in the S&P500 that have been identified as having the highest growth scores and quality & value composite scores.


US Equities

EQUITY

Rules-Based

MANAGEMENT STYLE

34 bp

EXPENSES

$4.9 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorInvesco PowerShares
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJun 16, 2011
Assets (mns)$4,856
Expense ratio34 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  + 
DIAMONDBACK ENERGY INC 2.5 %
KLA CORPORATION 2.1 %
VERTEX PHARMACEUTICALS INC 2.1 %
STEEL DYNAMICS INC 2.1 %
MARATHON PETROLEUM 2.1 %
CF INDUSTRIES HOLDINGS INC 2.0 %
NXP SEMICONDUCTORS NV 2.0 %
COTERRA ENERGY INC. 1.9 %
ENPHASE ENERGY INC 1.9 %
MARATHON OIL CORP 1.8 %
Constituent Breakdown
Number of holdings74
Herfindahl-Hirschman Index 147
Wgt avg mkt cap (mns)$184,144
Large cap (>$10bn)100.0%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 96.9 %
NETHERLANDS 2.0 %
BRITAIN 0.9 %
Historical Performance


Standardized Annual Returns (as of 05/31/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
6.3% 24.6% 11.4% 7.5% 16.4% 14.3% 14.9%
Market Correlations
versus...BetaR-squared
S&P 5000.9688%
MSCI EAFE0.9579%
MSCI Emg Mkts0.6943%
Liquidity Measures
Avg. volume (000)221
Turnover0.5%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$53,194
Technical Indicators
Recent close$102.87
30d moving avg.$103.00
Annualized volatility18.4%
Relative strength (RSI)68
Short interest (ETF)0.2%
Short interest (underlying)2.2%
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: SPGP 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 -- -- -- -- -- -- --
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Book value 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 --%
1.9 14.7 2.5 1.8% --
Based on closing prices from 6/11/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
SPGP



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™

SPGP

8.6%

Cat. Avg

5.8%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™8.6%
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%. SPGP's ALTAR Score™ is approximately 1.0 standard deviations above the category average. This places SPGP in the 85th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
SPGP
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)
SPGP 34.0 3.0 37
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .