Principal Active Global Dividend Income ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.9x P/Sales
ratio
2.2x
P/BV
ratio
2.7x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Principal Active Global Dividend Income ETF is an actively managed fund of global dividend paying stocks. The fund seeks current income and long-term capital and income growth.

FUND BASICS
Category Global Equities
Fund Sponsor The Principal Financial Group
Website www.principalfunds.com
Inception date May 09, 2017
Assets (mns) $696
Currency USD
Expense ratio 58 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 60
Wgt avg mkt cap (mns) $197,989
Large cap (>$10bn) 80.6%
Mid cap ($2-10bn) 18.8%
Small cap (<$2bn) 0.7%
Developed mkts 92.5%
Emerging mkts 7.5%

TOP TEN HOLDINGS
APPLE INC 4.1 %
MICROSOFT CORP 4.0 %
TAIWAN SEMICONDUCTOR-SP ADR 3.5 %
HASBRO INC 2.7 %
JPMORGAN CHASE & CO 2.6 %
NIKE INC -CL B 2.4 %
MEDTRONIC PLC 2.4 %
BLACKROCK INC 2.3 %
SAP AG 2.2 %
UNION PACIFIC CORP 2.2 %
Total 28.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 47.7 %
SWITZERLAND 7.4 %
JAPAN 4.9 %
IRELAND 4.9 %
GERMANY 4.2 %
CANADA 4.1 %
FRANCE 3.6 %
TAIWAN 3.5 %
BRITAIN 3.5 %
DENMARK 3.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.3% 0.6% -- -- 3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.96 90%
MSCI EAFE 1.05 93%
MSCI Emg. Mkts. 0.77 76%

Technical Indicators
Recent close $25.78
30d moving avg. $24.34
Annualized volatility 17.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.0%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $38,802

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Principal Active Global Dividend Income ETF ETF based on the alternatives' overlap in portfolio holdings with GDVD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GDVD Expense: 58 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GDVD
Ticker Fund
Name
Overlap1
vs GDVD
(%)
Expense
ratio
(bp)
Savings
vs GDVD
(bp)
ALTAR
Score™
(%)
ALTAR
vs GDVD
(%)
DGRO iShares Core Dividend Growth ETF 22.2 8 50 6.6 +1.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 20.8 12 46 4.9 -0.3
ACIO Aptus Collared Income Opportunity ETF 20.8 79 -21 4.5 -0.6
EDOW First Trust Dow 30 Equal Weight ETF 20.8 50 8 5.9 +0.7
YLDE ClearBridge Dividend Strategy ESG ETF 20.7 60 -2 5.0 -0.1
QVM Arrow QVM Equity Factor ETF 20.6 65 -7 5.2 +0.0
DIA SPDR Dow Jones Industrial Average ETF Trust 20.5 16 42 5.7 +0.5
IOO iShares Global 100 ETF 19.9 40 18 5.0 -0.2
XLG Invesco S&P 500 Top 50 ETF 19.6 20 38 4.7 -0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 19.6 28 30 6.5 +1.3
FDRR Fidelity Dividend ETF for Rising Rates 19.5 29 29 7.1 +1.9
OEF iShares S&P 100 ETF 19.5 20 38 5.0 -0.2
BVAL Brand Value ETF 19.0 65 -7 6.2 +1.0
SNPE Xtrackers S&P 500 ESG ETF 19.0 11 47 5.3 +0.1
FDLO Fidelity Low Volatility Factor ETF 18.4 29 29 5.3 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 18.2 25 33 6.6 +1.4
DTD WisdomTree U.S.Total Dividend Fund 18.1 28 30 6.7 +1.5
DJD Invesco Dow Jones Industrial Average Dividend ETF 18.1 7 51 6.7 +1.6
EPS WisdomTree U.S. Earnings 500 Fund 17.8 8 50 6.6 +1.4
CATH Global X S&P 500 Catholic Values Custom ETF 17.6 29 29 5.4 +0.2
IWL iShares Russell Top 200 ETF 17.6 15 43 5.2 +0.0
PBP Invesco S&P 500 BuyWrite ETF 17.5 49 9 5.1 -0.1
MGC Vanguard Mega Cap Index Fund 17.4 7 51 5.4 +0.2
HSPX Global X S&P 500 Covered Call ETF 17.4 65 -7 5.0 -0.2
ESG FlexShares STOXX US ESG Impact Index Fund 17.4 32 26 5.3 +0.1
JOYY Infusive Compounding Global Equities ETF 17.3 50 8 3.9 -1.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 17.2 42 16 5.7 +0.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 16.9 52 6 6.1 +0.9
QDEF FlexShares Quality Dividend Defensive Index Fund 16.9 37 21 6.4 +1.2
ESGU iShares MSCI USA ESG Optimized ETF 16.9 15 43 5.2 +0.0
WOMN Impact Shares YWCA Women's Empowerment ETF 16.8 75 -17 4.6 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 16.8 20 38 5.1 -0.1
SPLG SPDR Portfolio Large Cap ETF 16.8 3 55 5.6 +0.4
IVV iShares Core S&P 500 ETF 16.8 4 54 5.6 +0.4
SPY SPDR S&P 500 ETF Trust 16.8 9 49 5.5 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 16.7 27 31 5.2 +0.1
VOO VANGUARD S&P 500 ETF 16.6 3 55 5.6 +0.4
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 16.5 49 9 4.8 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 16.5 25 33 6.7 +1.5
PBUS Invesco PureBeta MSCI USA ETF 16.5 4 54 5.4 +0.2
FQAL Fidelity Quality Factor ETF 16.4 29 29 5.5 +0.3
VV Vanguard Large-Cap Index Fund 16.4 4 54 5.4 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 16.3 2 56 5.5 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 16.3 20 38 5.6 +0.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 16.3 37 21 6.9 +1.8
KRMA Global X Conscious Companies ETF 16.2 43 15 5.4 +0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 16.2 49 9 4.2 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 16.2 27 31 5.5 +0.3
QDF FlexShares Quality Dividend Index Fund 16.2 37 21 7.0 +1.8
PFM Invesco Dividend Achievers ETF 16.2 54 4 5.4 +0.2
RECS Columbia Research Enhanced Core ETF 16.1 15 43 5.7 +0.6
SCHX Schwab U.S. Large-Cap ETF 16.1 3 55 5.5 +0.3
SPTM SPDR Portfolio Total Stock Market ETF 16.1 3 55 5.7 +0.5
ADME Aptus Drawdown Managed Equity ETF 16.1 81 -23 3.8 -1.4
MGV Vanguard Mega Cap Value ETF 16.0 7 51 7.2 +2.0
TOK iShares MSCI Kokusai ETF 15.9 25 33 5.8 +0.6
ECOZ TrueMark ESG Active Opportunities ETF 15.9 58 0 4.5 -0.7
SPXN ProShares S&P 500 Ex-Financials ETF 15.9 27 31 5.2 -0.0
SCHK Schwab 1000 Index ETF 15.9 5 53 5.4 +0.3
IWB iShares Russell 1000 ETF 15.9 15 43 5.3 +0.2
IYY iShares Dow Jones U.S. ETF 15.8 20 38 5.3 +0.1
SDGA Impact Shares Sustainable Development Goals Global ETF 15.7 75 -17 5.5 +0.3
VONE Vanguard Russell 1000 ETF 15.7 8 50 5.4 +0.3
QUAL iShares MSCI Usa Quality Factor ETF 15.6 15 43 5.5 +0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 15.6 25 33 6.6 +1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 15.6 15 43 6.4 +1.3
SCHB Schwab U.S. Broad Market ETF 15.5 3 55 5.4 +0.2
IWX iShares Russell Top 200 Value ETF 15.5 20 38 7.1 +1.9
ESGV Vanguard ESG U.S. Stock ETF 15.5 12 46 5.4 +0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 15.5 3 55 5.3 +0.1
IWV iShares Russell 3000 ETF 15.4 20 38 5.2 +0.0
IQSU IQ Candriam ESG US Equity ETF 15.4 9 49 5.3 +0.1
VTI Vanguard Total Stock Market Index Fund 15.4 3 55 5.3 +0.1
VTHR Vanguard Russell 3000 Index Fund 15.3 10 48 5.3 +0.1
JKD iShares Morningstar Large-Cap ETF 15.2 20 38 6.0 +0.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 15.2 28 30 6.6 +1.5
NACP Impact Shares NAACP Minority Empowerment ETF 15.2 75 -17 4.6 -0.5
VIG Vanguard Dividend Appreciation Index Fund 15.1 6 52 5.2 +0.1
FDVV Fidelity Core Dividend ETF 15.0 29 29 7.5 +2.3
URTH iShares MSCI World ETF 14.9 24 34 5.9 +0.7
VTV Vanguard Value Index Fund 14.9 4 54 7.4 +2.2
QLC FlexShares US Quality Large Cap Index Fund 14.9 32 26 5.6 +0.5
QUS SPDR MSCI USA StrategicFactors ETF 14.8 15 43 5.9 +0.7
QWLD SPDR MSCI World StrategicFactors ETF 14.8 30 28 6.2 +1.0
TTFS AdvisorShares Wilshire Buyback ETF 14.8 91 -33 6.4 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 14.7 39 19 6.9 +1.7
SPMV Invesco S&P 500 Minimum Variance ETF 14.5 10 48 5.8 +0.7
FDMO Fidelity Momentum Factor ETF 14.4 29 29 3.9 -1.2
SUSA iShares MSCI USA ESG Select ETF 14.3 25 33 4.9 -0.3
IUS Invesco Strategic US ETF 14.3 19 39 6.3 +1.1
AVUS Avantis U.S. Equity ETF 14.2 15 43 5.9 +0.7
DURA VanEck Vectors Morningstar Durable Dividend ETF 14.2 29 29 7.0 +1.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.2 9 49 5.6 +0.5
AFLG First Trust Active Factor Large Cap ETF 14.2 55 3 5.6 +0.5
OUSA O'Shares FTSE US Quality Dividend ETF 14.1 48 10 5.8 +0.6
RFFC RiverFront Dynamic US Flex-Cap ETF 14.1 52 6 5.6 +0.4
TDIV First Trust NASDAQ Technology Dividend Index Fund 14.1 50 8 5.9 +0.7
FLLV Franklin Liberty U.S. Low Volatility ETF 14.1 29 29 5.7 +0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 14.0 9 49 6.3 +1.2
SFY SoFi Select 500 ETF 14.0 0 58 5.4 +0.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Principal Active Global Dividend Income ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 14.9 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.