PWB
Invesco Large Cap Growth ETF
The Invesco Dynamic Large Cap Growth Portfolio ETF tracks an index that uses a multifactor selection methodology to select 50 large-cap stocks with growth characteristics.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
976.8 M
ASSETS UNDER MGMT
56 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 03, 2005 |
| Assets (mns) | $977 |
| Expense ratio | 56 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TESLA MOTORS INC | 4.2 % |
| ALPHABET INC. CLASS A | 3.7 % |
| AMAZON.COM INC | 3.7 % |
| META PLATFORMS INC | 3.6 % |
| MICROSOFT CORP | 3.5 % |
| APPLE INC | 3.5 % |
| NETFLIX INC | 3.5 % |
| SALESFORCE.COM INC | 3.4 % |
| COSTCO WHOLESALE CORP | 3.4 % |
| VISA INC. CLASS A | 3.3 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 244 |
| Wgt avg mkt cap (mns) | $608,023 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.7% |
| Emerging mkts. | 1.3% |
Country Exposure
 |
UNITED STATES | 94.4 % |
 |
LUXEMBOURG | 1.4 % |
 |
IRELAND | 1.4 % |
 |
CAYMAN ISLANDS | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 36.1% | 40.9% | 28.3% | 10.4% | 16.5% | 14.3% | 11.2% | Volatility | 15.9% | 15.4% | 15.9% | 21.2% | 23.8% | 19.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.14 | 91% |
| MSCI EAFE | 0.89 | 55% |
| MSCI Emg Mkts | 0.63 | 28% |
Liquidity Measures
| Avg. volume (000) | 21 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $85,808 |
Technical Indicators
| Recent close | $103.66 |
| 30d moving avg. | $105.43 |
| Annualized volatility | 20.9% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 1.0% |
| Short interest (underlying) | 1.9% |
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. PWB |
Expenses vs. PWB |
ALTAR Score™ vs. PWB |
|---|---|---|---|---|
| GQQQ | Astoria US Quality Growth Kings ETF | 44.2% | -21 bp | +1.9% |
| TECB | iShares U.S. Tech Breakthrough Multisector ETF | 42.4% | -16 bp | +0.6% |
| GGUS | Marketbeta Russell 1000 Growth Equity ETF | 40.8% | -44 bp | +1.1% |
| VUG | Vanguard Growth ETF | 40.2% | -52 bp | +0.7% |
| MGK | Vanguard Mega Cap Growth ETF | 40.1% | -49 bp | +0.9% |
| IWY | iShares Russell Top 200 Growth ETF | 39.9% | -36 bp | +1.2% |
| VONG | Vanguard Russell 1000 Growth ETF | 39.8% | -48 bp | +1.2% |
| IWF | iShares Russell 1000 Growth ETF | 39.7% | -37 bp | +1.1% |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 39.3% | -52 bp | +0.7% |
| CAML | Congress Large Cap Growth ETF | 39.3% | +10 bp | -0.3% |
Risk and Returns: PWB 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 12/20/2024
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
PWB
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 Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PWB
3.3%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. PWB's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places PWB in the 19th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PWBSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| PWB (56 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PWB | 56.0 | 4.9 | 60.9 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .