RFG
Invesco S&P Midcap 400 Pure Growth ETF
Invesco S&P Midcap 400 Pure Growth 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 Midcap 400/Citigroup Pure Growth Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
320.6 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Security Investors LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 01, 2006 |
| Assets (mns) | $321 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CNX RESOURCES CORPORATION | 3.4 % |
| DUOLINGO, INC. CLASS A | 3.3 % |
| COMFORT SYSTEMS USA INC | 2.7 % |
| AAON INC | 2.4 % |
| RYAN SPECIALTY HOLDINGS, INC. CLASS A | 2.1 % |
| SHIFT4 PAYMENTS, INC. CLASS A | 2.0 % |
| EMCOR GROUP INC | 1.9 % |
| MURPHY USA, INC. | 1.8 % |
| TOLL BROTHERS INC | 1.8 % |
| APPFOLIO INC CLASS A | 1.8 % |
Constituent Breakdown
| Number of holdings | 88 |
| Herfindahl-Hirschman Index | 143 |
| Wgt avg mkt cap (mns) | $11,108 |
| Large cap (>$10bn) | 49.5% |
| Mid cap ($2-10bn) | 49.7% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 91.9 % |
 |
CANADA | 2.0 % |
 |
SWITZERLAND | 1.3 % |
 |
CAYMAN ISLANDS | 1.2 % |
 |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 29.1% | 36.0% | 18.1% | 6.1% | 12.6% | 8.7% | 9.6% | Volatility | 19.0% | 18.8% | 19.4% | 24.0% | 27.3% | 22.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.14 | 74% |
| MSCI EAFE | 0.98 | 54% |
| MSCI Emg Mkts | 0.62 | 22% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $7,080 |
Technical Indicators
| Recent close | $48.81 |
| 30d moving avg. | $52.03 |
| Annualized volatility | 23.2% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 5.5% |
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. RFG |
Expenses vs. RFG |
ALTAR Score™ vs. RFG |
|---|---|---|---|---|
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 49.3% | -18 bp | +0.7% |
| MDYG | SPDR S&P 400 Mid Cap Growth ETF | 47.9% | -20 bp | +0.6% |
| IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 47.3% | -20 bp | +0.6% |
| GRPM | Invesco S&P MidCap 400 GARP ETF | 37.3% | 0 bp | +2.3% |
| XMHQ | Invesco S&P MidCap Quality ETF | 35.8% | -10 bp | +1.9% |
| BUL | Pacer US Cash Cows Growth ETF | 33.5% | +25 bp | +2.5% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 26.0% | -11 bp | +1.1% |
| IJH | iShares Core S&P Mid-Cap ETF | 25.9% | -30 bp | +1.3% |
| XMMO | Invesco S&P MidCap Momentum ETF | 25.8% | -1 bp | +0.7% |
| PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 25.7% | +25 bp | +0.8% |
Risk and Returns: RFG 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
RFG
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
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.
ALTAR Score™
RFG
5.4%
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%. RFG's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places RFG in the 46th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RFGSELL
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 |
| RFG (35 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RFG | 35.0 | 10.3 | 45.3 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .