Principal U.S. Large-Cap Multi-Factor Core Index ETF
ALTAR
Score™
5.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
23.5x P/Sales
ratio
1.8x
P/BV
ratio
4.0x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Principal U.S. Large-Cap Multi-Factor Core Index ETF tracks a multi-factor selected and weighted index of U.S. large-cap equities.

FUND BASICS
Category US Equities
Fund Sponsor The Principal Financial Group
Website www.principalfunds.com
Inception date Jul 23, 2019
Assets (mns) $8
Currency USD
Expense ratio 15 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 146
Wgt avg mkt cap (mns) $541,959
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.9 %
MICROSOFT CORP 5.3 %
AMAZON.COM INC 4.2 %
ALPHABET INC. CLASS A 4.0 %
FACEBOOK 2.5 %
APPLIED MATERIALS INC 1.7 %
BERKSHIRE HATHAWAY INC-CL B 1.7 %
XILINX INC 1.6 %
KLA-TENCOR CORPORATION 1.6 %
VISA INC-CLASS A SHARES 1.5 %
Total 31.0 %

TOP COUNTRY EXPOSURE
0.0 %











HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.2% 15.2% -- -- 19.0%

Market Correlations
versus... Beta R-squared
S&P500 0.96 98%
MSCI EAFE 0.84 85%
MSCI Emg. Mkts. 0.69 66%

Technical Indicators
Recent close $30.13
30d moving avg. $30.14
Annualized volatility 21.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 0

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $157,879

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Principal U.S. Large-Cap Multi-Factor Core Index ETF ETF based on the alternatives' overlap in portfolio holdings with PLC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PLC Expense: 15 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PLC
Ticker Fund
Name
Overlap1
vs PLC
(%)
Expense
ratio
(bp)
Savings
vs PLC
(bp)
ALTAR
Score™
(%)
ALTAR
vs PLC
(%)
MGC Vanguard Mega Cap Index Fund 62.7 7 8 4.6 -1.2
IWL iShares Russell Top 200 ETF 62.1 15 0 4.4 -1.4
ESGV Vanguard ESG U.S. Stock ETF 62.0 12 3 4.5 -1.3
PBP Invesco S&P 500 BuyWrite ETF 61.4 49 -34 4.3 -1.5
BKLC BNY Mellon US Large Cap Core Equity ETF 61.2 0 15 4.5 -1.3
XYLG Global X S&P 500 Covered Call & Growth ETF 60.9 60 -45 4.4 -1.4
SPY SPDR S&P 500 ETF Trust 60.4 9 6 4.7 -1.1
IVV iShares Core S&P 500 ETF 60.3 3 12 4.7 -1.1
SPLG SPDR Portfolio Large Cap ETF 60.3 3 12 4.7 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 60.3 20 -5 4.8 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 60.3 27 -12 4.6 -1.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 59.8 15 0 4.7 -1.1
VOO VANGUARD S&P 500 ETF 59.5 3 12 4.8 -1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 59.1 7 8 4.5 -1.3
OEF iShares S&P 100 ETF 58.1 20 -5 4.2 -1.6
VV Vanguard Large-Cap Index Fund 58.0 4 11 4.6 -1.2
XVV iShares ESG Screened S&P 500 ETF 58.0 8 7 4.9 -0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 57.9 20 -5 4.6 -1.2
EPS WisdomTree U.S. Earnings 500 Fund 57.9 8 7 5.9 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 57.8 2 13 4.6 -1.2
PBUS Invesco PureBeta MSCI USA ETF 57.4 4 11 4.6 -1.2
SPXN ProShares S&P 500 Ex-Financials ETF 57.2 27 -12 4.4 -1.4
ESGU iShares MSCI USA ESG Optimized ETF 56.1 15 0 4.4 -1.4
SCHX Schwab U.S. Large-Cap ETF 56.0 3 12 4.6 -1.2
SPTM SPDR Portfolio Total Stock Market ETF 55.9 3 12 4.8 -1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 55.5 27 -12 4.3 -1.5
IWB iShares Russell 1000 ETF 54.8 15 0 4.5 -1.3
SCHK Schwab 1000 Index ETF 54.8 5 10 4.6 -1.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 54.8 60 -45 3.6 -2.2
IYY iShares Dow Jones U.S. ETF 54.1 20 -5 4.4 -1.4
CATH Global X S&P 500 Catholic Values Custom ETF 53.5 29 -14 4.6 -1.2
EFIV SPDR S&P 500 ESG ETF 53.5 10 5 4.6 -1.2
SNPE Xtrackers S&P 500 ESG ETF 53.5 10 5 4.6 -1.2
VTHR Vanguard Russell 3000 Index Fund 53.3 10 5 4.4 -1.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 52.8 9 6 4.8 -1.0
SFY SoFi Select 500 ETF 52.1 0 15 4.6 -1.2
XLG Invesco S&P 500 Top 50 ETF 51.8 20 -5 4.1 -1.7
FVAL Fidelity Value Factor ETF 51.5 29 -14 6.8 +1.0
IWV iShares Russell 3000 ETF 51.4 20 -5 4.3 -1.5
SCHB Schwab U.S. Broad Market ETF 51.2 3 12 4.5 -1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 50.9 3 12 4.4 -1.4
ESG FlexShares STOXX US ESG Impact Index Fund 50.8 32 -17 4.5 -1.3
DFAU Dimensional US Core Equity Market ETF 50.6 12 3 4.7 -1.1
VONE Vanguard Russell 1000 ETF 50.5 8 7 4.6 -1.2
DIVB iShares U.S. Dividend & Buyback ETF 50.2 25 -10 5.9 +0.1
VTI Vanguard Total Stock Market Index Fund 49.6 3 12 4.4 -1.4
IQSU IQ Candriam ESG US Equity ETF 49.6 9 6 4.5 -1.3
HIPR Direxion High Growth ETF 48.8 40 -25 3.8 -2.0
RESP WisdomTree US ESG Fund of Benef Interest 48.5 28 -13 5.1 -0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 48.4 12 3 4.0 -1.8
VOOG Vanguard S&P 500 Growth ETF 48.1 10 5 3.9 -1.9
QUS SPDR MSCI USA StrategicFactors ETF 47.4 15 0 5.3 -0.5
JHML John Hancock Multifactor Large Cap ETF 47.4 29 -14 4.9 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 47.0 4 11 3.7 -2.1
IVW iShares S&P 500 Growth ETF 47.0 18 -3 3.5 -2.3
DLN WisdomTree U.S. LargeCap Dividend Fund 46.7 28 -13 6.2 +0.4
FQAL Fidelity Quality Factor ETF 46.5 29 -14 5.0 -0.8
NACP Impact Shares NAACP Minority Empowerment ETF 46.4 49 -34 4.7 -1.1
QLC FlexShares US Quality Large Cap Index Fund 46.2 32 -17 4.4 -1.4
IUSG iShares Core S&P US Growth ETF 46.0 4 11 3.7 -2.1
IUS Invesco Strategic US ETF 45.6 19 -4 5.5 -0.3
IWY iShares Russell Top 200 Growth ETF 45.6 20 -5 3.6 -2.2
KRMA Global X Conscious Companies ETF 45.5 43 -28 4.8 -1.0
IWF iShares Russell 1000 Growth ETF 45.5 19 -4 3.4 -2.4
SPXT ProShares S&P 500 Ex-Technology ETF 45.2 27 -12 4.9 -0.9
VONG Vanguard Russell 1000 Growth Index Fund 45.0 8 7 3.5 -2.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 45.0 25 -10 5.8 -0.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 44.2 19 -4 5.3 -0.5
RWL Invesco S&P 500 Revenue ETF 44.1 39 -24 6.2 +0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 44.0 75 -60 3.5 -2.3
PRF Invesco FTSE RAFI US 1000 ETF 43.9 39 -24 5.8 -0.0
DTD WisdomTree U.S.Total Dividend Fund 43.8 28 -13 6.3 +0.5
VOOV Vanguard S&P 500 Value ETF 43.8 10 5 6.6 +0.8
SUSA iShares MSCI USA ESG Select ETF 43.5 25 -10 4.2 -1.6
RECS Columbia Research Enhanced Core ETF 43.2 15 0 5.1 -0.7
AFLG First Trust Active Factor Large Cap ETF 42.9 55 -40 4.7 -1.1
SPQQ Siren Large Cap Blend Index ETF 42.7 20 -5 4.2 -1.6
TOK iShares MSCI Kokusai ETF 42.0 25 -10 4.9 -0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 42.0 9 6 5.0 -0.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 42.0 12 3 4.9 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 41.9 25 -10 5.7 -0.1
AVUS Avantis U.S. Equity ETF 41.8 15 0 4.8 -1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 41.8 25 -10 5.6 -0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 41.4 30 -15 5.0 -0.8
DSI iShares MSCI KLD 400 Social ETF 41.4 25 -10 4.6 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 40.9 12 3 5.1 -0.7
MGK Vanguard Mega Cap Growth ETF 40.8 7 8 3.7 -2.1
VUG Vanguard Growth Index Fund 40.4 4 11 3.5 -2.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 40.4 25 -10 4.9 -0.9
SPYV SPDR Portfolio S&P 500 Value ETF 40.2 4 11 6.4 +0.6
IVE iShares S&P 500 Value ETF 40.2 18 -3 6.3 +0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 40.1 10 5 4.8 -1.0
SUSL iShares ESG MSCI USA Leaders ETF 40.1 10 5 4.8 -1.0
ACIO Aptus Collared Income Opportunity ETF 39.9 79 -64 3.8 -2.0
FDRR Fidelity Dividend ETF for Rising Rates 39.7 29 -14 6.0 +0.2
FLQL Franklin LibertyQ U.S. Equity ETF 39.6 15 0 5.9 +0.2
IGM iShares Expanded Tech Sector ETF 39.4 46 -31 3.3 -2.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 39.2 42 -27 4.6 -1.2

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 U.S. Large-Cap Multi-Factor Core Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.7 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.49
 
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.