SPMV

Invesco S&P 500 Minimum Variance

The Invesco S&P 500 Minimum Variance Portfolio tracks an index of stocks selected from the S&P 500. Holdings are selected and weighted to create a low-volatility portfolio, subject to constraints.


6.0%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 54th

NEUTRAL

Recommendation
Fund Basics
Fund sponsorInvesco PowerShares
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJul 13, 2017
Assets (mns)$1
Expense ratio10 bp
CurrencyUSD
Constituent Breakdown
No. of constituents117
Herfindahl-Hirschman Index 134
Wgt avg mkt cap (mns)$170,510
Large cap (>$10bn)97.1%
Mid cap ($2-10bn)3.0%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMulti-Factor
Smart-betaYes
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
WASTE MANAGEMENT INC 2.3 %
INTEL CORP 2.2 %
NIKE INC -CL B 2.1 %
ALPHABET INC. CLASS C 2.1 %
PUBLIC SERVICE ENTERPRISE GP 2.1 %
MICROSOFT CORP 2.1 %
JOHNSON & JOHNSON 2.1 %
TEXAS INSTRUMENTS INC 2.1 %
UNITEDHEALTH GROUP INC 2.0 %
BERKSHIRE HATHAWAY INC-CL B 2.0 %
Sector Breakdown
Country Exposure
UNITED STATES 96.2 %
IRELAND 2.5 %
BRITAIN 0.6 %
HONG KONG 0.4 %
Historical Performance


Standardized Annual Returns (as of 02/28/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
11.7% 3.8% 0.0% 0.0% 0.0% 0.0% 9.4%
Market Correlations
versus...BetaR-squared
S&P 5000.9893%
MSCI EAFE1.0274%
MSCI Emg Mkts0.7155%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.14%
ADV of underlying (mns)$90,744
Technical Indicators
Recent close$28.01
30d moving avg.$27.72
Annualized volatility14.3%
Relative strength (RSI)67
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Total Cost of Ownership Detail
  SPMV Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Alternative ETFs
Ticker Fund Name Overlap
vs. SPMV
Expenses
vs. SPMV
ALTAR Score™
vs. SPMV
IWL iShares Russell Top 200 43.3% +5 bp -0.1%
MGC Vanguard Mega Cap 300 ETF 42.6% -3 bp 0.0%
OVOL Oppenheimer Russell 1000 Low Volatility Factor 42.5% +9 bp 0.0%
HSPX Global X S&P 500 Covered Call 42.0% +55 bp -0.5%
PBP Invesco S&P 500 Buy/Write 41.0% +39 bp -0.4%
QUS SPDR MSCI USA Quality Mix 40.8% +5 bp +0.2%
IVV iShares Core S&P 500 40.4% -6 bp +0.1%
VOO Vanguard S&P 500 ETF 40.4% -6 bp +0.1%
SPY S&P 500 SPDR 40.4% -1 bp +0.0%
SPXE ProShares S&P 500 Ex-Energy 40.3% +17 bp +0.0%
JUST Goldman Sachs JUST U.S. Large Cap Equity 39.9% +10 bp -0.2%
OEF iShares S&P 100 39.9% +10 bp -0.3%
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 39.4% +10 bp +0.1%
VV Vanguard Large-Cap ETF 39.3% -5 bp 0.0%
SPXV ProShares S&P 500 Ex-Health Care 38.8% +17 bp -0.1%
PBUS Invesco PureBeta MSCI USA 38.7% -6 bp +0.2%
PRID InsightShares LGBT Employment Equality 38.4% +55 bp -0.4%
SCHX Schwab U.S. Large-Cap 38.4% -7 bp +0.0%
CATH Global X S&P 500 Catholic Values 38.3% +19 bp -0.1%
ESGU iShares MSCI USA ESG Optimized 38.1% +5 bp -0.2%

Content on this tab for Individual & Professional subscribers only

Results & Estimates
  2014 2015 2016 2017 2018 2019E 2020E  
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

Content on this tab for Individual & Professional subscribers only

Valuation Metrics
  2018 2019E 2020E
Price-to-sales --x --x --x
Price-to-earnings --x --x --x
Price-to-cash flow --x --x --x
Price-to-growth --x --x --x
Price-to-book value --x --x --x
Yield --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

SPMV

6.0%

Cat. Avg

5.8%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.0%
Recommendation

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.

Category Overview
There are 658 funds in the US Equities category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.2%. SPMV's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places SPMV in the 54th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
SPMV
Peer Average
SELL
U/W
HOLD
O/W
BUY



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Today's Trading

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Where to Trade SPMV
Commission
on SPMV1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$1.00 54
$4.95 500
$4.95 357
$4.95 114
$6.95 308
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.