Principal Millennials Index ETF
ALTAR
Score™
3.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
55.8x P/Sales
ratio
1.8x
P/BV
ratio
4.7x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Principal Millennials ETF tracks a tiered-equal-weight index of global companies with exposure to the spending and lifestyle activities of the Millennial generation—people born between 1980 and the mid-2000s.

FUND BASICS
Category Global Equities
Fund Sponsor The Principal Financial Group
Website www.principaletfs.com
Inception date Aug 19, 2016
Assets (mns) $26
Currency USD
Expense ratio 45 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 108
Wgt avg mkt cap (mns) $200,853
Large cap (>$10bn) 80.2%
Mid cap ($2-10bn) 15.2%
Small cap (<$2bn) 4.0%
Developed mkts 82.2%
Emerging mkts 17.8%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 3.6 %
SPOTIFY TECHNOLOGY SA 2.8 %
ALIBABA GROUP HOLDING LTD. SPONSOR 2.7 %
APPLE INC 2.6 %
FACEBOOK 2.4 %
HOME DEPOT INC 2.4 %
MICROSOFT CORP 2.3 %
YY INC-ADR 2.2 %
ALPHABET INC. CLASS C 2.2 %
NETFLIX INC 2.2 %
Total 25.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 55.7 %
CHINA 20.9 %
NETHERLANDS 3.3 %
LUXEMBOURG 2.9 %
GERMANY 2.6 %
JAPAN 2.0 %
SWITZERLAND 1.9 %
SPAIN 1.8 %
SWEDEN 1.5 %
SOUTH AFRICA 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.3% 13.2% -- -- 15.4%

Market Correlations
versus... Beta R-squared
S&P500 1.12 86%
MSCI EAFE 1.15 79%
MSCI Emg. Mkts. 0.85 69%

Technical Indicators
Recent close $43.62
30d moving avg. $41.67
Annualized volatility 20.5%
Short interest (ETF) 1.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.5%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $83,360

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: GENY Expense: 45 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GENY
Ticker Fund
Name
Overlap1
vs GENY
(%)
Expense
ratio
(bp)
Savings
vs GENY
(bp)
ALTAR
Score™
(%)
ALTAR
vs GENY
(%)
GBUY Goldman Sachs Motif New Age Consumer ETF 34.8 50 -5 1.9 -1.9
MILN Global X Millennials Thematic ETF 30.8 50 -5 2.5 -1.3
JOYY Infusive Compounding Global Equities ETF 25.3 50 -5 3.8 +0.0
GIGE SoFi Gig Economy ETF 23.1 59 -14 -0.5 -4.3
OGIG O'Shares Global Internet Giants ETF 21.7 48 -3 0.7 -3.1
SCHG Schwab U.S. Large-Cap Growth ETF 20.8 4 41 4.2 +0.4
MGK Vanguard Mega Cap Growth ETF 20.5 7 38 4.2 +0.4
VUG Vanguard Growth Index Fund 20.3 4 41 4.1 +0.3
GVIP Goldman Sachs Hedge Industry VIP ETF 20.0 45 0 4.7 +0.9
ADME Aptus Drawdown Managed Equity ETF 19.9 81 -36 3.6 -0.2
QYLD Global X NASDAQ 100 Covered Call ETF 19.7 60 -15 3.5 -0.3
NUSI Nationwide Risk-Managed Income ETF 19.7 68 -23 3.5 -0.4
JHCS John Hancock Multifactor Media & Communications ETF 19.7 40 5 5.6 +1.8
QQQ Invesco QQQ Trust 19.6 20 25 3.9 +0.1
TMFC Motley Fool 100 Index ETF 19.5 50 -5 3.8 -0.0
VOOG Vanguard S&P 500 Growth ETF 19.4 10 35 4.3 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 19.3 4 41 4.4 +0.6
IVW iShares S&P 500 Growth ETF 19.3 18 27 4.2 +0.4
IGM iShares Expanded Tech Sector ETF 19.3 46 -1 3.8 +0.0
PNQI Invesco NASDAQ Internet ETF 19.2 62 -17 1.1 -2.7
OEF iShares S&P 100 ETF 19.1 20 25 4.8 +1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 19.0 27 18 5.1 +1.3
XLG Invesco S&P 500 Top 50 ETF 19.0 20 25 4.5 +0.7
IUSG iShares Core S&P US Growth ETF 18.9 4 41 4.4 +0.6
SYG SPDR MFS Systematic Growth Equity ETF 18.8 60 -15 4.3 +0.5
IWF iShares Russell 1000 Growth ETF 18.6 19 26 4.2 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 18.6 27 18 5.0 +1.2
VONG Vanguard Russell 1000 Growth Index Fund 18.5 8 37 4.3 +0.5
PLAT WisdomTree Modern Tech Platforms Fund 18.5 45 0 1.2 -2.6
FDNI First Trust Dow Jones International Internet ETF 18.2 65 -20 2.2 -1.6
MGC Vanguard Mega Cap Index Fund 18.1 7 38 5.3 +1.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 18.1 21 24 3.0 -0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 18.1 0 45 5.3 +1.5
IWY iShares Russell Top 200 Growth ETF 17.9 20 25 4.2 +0.4
ESGV Vanguard ESG U.S. Stock ETF 17.8 12 33 5.2 +1.4
IWL iShares Russell Top 200 ETF 17.7 15 30 5.1 +1.3
VEGN US Vegan Climate ETF 17.6 60 -15 5.2 +1.4
SPXE ProShares S&P 500 Ex-Energy ETF 17.4 27 18 5.4 +1.6
CATH Global X S&P 500 Catholic Values Custom ETF 17.4 29 16 5.3 +1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 17.4 20 25 5.0 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 17.4 20 25 5.4 +1.6
ESGU iShares MSCI USA ESG Optimized ETF 17.3 15 30 5.2 +1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 17.3 7 38 5.3 +1.5
PBP Invesco S&P 500 BuyWrite ETF 17.2 49 -4 5.0 +1.2
VV Vanguard Large-Cap Index Fund 17.2 4 41 5.3 +1.5
VOO VANGUARD S&P 500 ETF 17.1 3 42 5.5 +1.7
SPY SPDR S&P 500 ETF Trust 17.1 9 36 5.4 +1.6
SPLG SPDR Portfolio Large Cap ETF 17.1 3 42 5.5 +1.7
IVV iShares Core S&P 500 ETF 17.1 4 41 5.5 +1.7
AIQ Global X Future Analytics Tech ETF 17.1 68 -23 3.9 +0.1
HSPX Global X S&P 500 Covered Call ETF 17.0 65 -20 4.9 +1.1
BUYZ Franklin Disruptive Commerce ETF 17.0 50 -5 -0.2 -4.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 16.9 2 43 5.4 +1.6
IXP iShares Global Comm Services ETF 16.9 46 -1 5.7 +1.9
PBUS Invesco PureBeta MSCI USA ETF 16.9 4 41 5.3 +1.5
ESG FlexShares STOXX US ESG Impact Index Fund 16.9 32 13 5.1 +1.3
SNPE Xtrackers S&P 500 ESG ETF 16.8 11 34 5.2 +1.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.8 60 -15 4.4 +0.6
SCHX Schwab U.S. Large-Cap ETF 16.7 3 42 5.3 +1.5
ARKW ARK Web x.0 ETF 16.6 76 -31 -0.8 -4.6
RECS Columbia Research Enhanced Core ETF 16.6 15 30 5.7 +1.9
IWB iShares Russell 1000 ETF 16.5 15 30 5.2 +1.4
FQAL Fidelity Quality Factor ETF 16.5 29 16 5.5 +1.7
VONE Vanguard Russell 1000 ETF 16.5 8 37 5.3 +1.5
PWB Invesco Dynamic Large Cap Growth ETF 16.5 55 -10 3.4 -0.4
IQSU IQ Candriam ESG US Equity ETF 16.4 9 36 5.1 +1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 16.4 19 26 5.7 +1.9
SCHK Schwab 1000 Index ETF 16.4 5 40 5.3 +1.5
TTTN UP Fintech China-U.S. Internet Titans ETF 16.3 59 -14 4.3 +0.5
SPTM SPDR Portfolio Total Stock Market ETF 16.3 3 42 5.6 +1.8
IYY iShares Dow Jones U.S. ETF 16.3 20 25 5.2 +1.4
FCOM Fidelity MSCI Telecommunication Services Index ETF 16.2 8 37 5.0 +1.2
RPG Invesco S&P 500 Pure Growth ETF 16.2 35 10 4.4 +0.6
IETC iShares Evolved U.S. Technology ETF 16.1 18 27 3.8 +0.0
HIPR Direxion High Growth ETF 16.1 40 5 2.9 -0.9
VOX Vanguard Telecommunication Services Index Fund 16.1 10 35 4.9 +1.1
ARKF ARK Fintech Innovation ETF 16.0 75 -30 0.5 -3.3
SOCL Global X Social Media ETF 15.9 65 -20 2.0 -1.8
VTHR Vanguard Russell 3000 Index Fund 15.9 10 35 5.2 +1.4
IWV iShares Russell 3000 ETF 15.9 20 25 5.1 +1.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 15.9 42 3 5.5 +1.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 15.9 49 -4 4.1 +0.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 15.9 86 -41 2.2 -1.6
KWEB KraneShares CSI China Internet ETF 15.8 76 -31 1.8 -2.0
SCHB Schwab U.S. Broad Market ETF 15.8 3 42 5.3 +1.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.8 9 36 5.6 +1.8
VTI Vanguard Total Stock Market Index Fund 15.8 3 42 5.2 +1.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 15.8 59 -14 4.2 +0.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 15.8 35 10 4.4 +0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 15.8 3 42 5.2 +1.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 15.8 12 33 4.9 +1.1
DSI iShares MSCI KLD 400 Social ETF 15.7 25 20 5.2 +1.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 15.6 12 33 5.0 +1.2
XNTK SPDR NYSE Technology ETF 15.5 35 10 3.7 -0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 15.5 15 30 6.3 +2.5
FXD First Trust Consumer Discretionary AlphaDEX Fund 15.5 64 -19 7.9 +4.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 15.5 20 25 6.2 +2.4
XITK SPDR FactSet Innovative Technology ETF 15.5 45 0 0.3 -3.5
SFY SoFi Select 500 ETF 15.4 0 45 5.3 +1.5
IBUY Amplify Online Retail ETF 15.4 65 -20 -1.5 -5.3

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 Millennials Index 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 18.6 %
Divided by: Fwd. P/BV 4.4 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.50
 
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.