Principal U.S. Large-Cap Multi-Factor Core Index ETF
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
22.1x P/Sales
ratio
1.8x
P/BV
ratio
3.1x Div.
yield
2.0%


  • 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) $7
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 156
Wgt avg mkt cap (mns) $468,305
Large cap (>$10bn) 99.4%
Mid cap ($2-10bn) 0.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.9 %
MICROSOFT CORP 5.8 %
AMAZON.COM INC 4.7 %
ALPHABET INC. CLASS A 3.7 %
FACEBOOK 2.5 %
BERKSHIRE HATHAWAY INC-CL B 1.8 %
QUALCOMM INC 1.8 %
SKYWORKS SOLUTIONS INC 1.6 %
JOHNSON & JOHNSON 1.6 %
COGNIZANT TECH SOLUTIONS-A 1.5 %
Total 31.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.2 %
IRELAND 1.5 %
SWITZERLAND 0.3 %
BERMUDA 0.3 %
BRITAIN 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
4.8% 13.5% -- -- 13.5%

Market Correlations
versus... Beta R-squared
S&P500 0.96 99%
MSCI EAFE 0.95 87%
MSCI Emg. Mkts. 0.68 69%

Technical Indicators
Recent close $27.55
30d moving avg. $27.76
Annualized volatility 22.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $10,345

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.7%


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
(%)
PBP Invesco S&P 500 BuyWrite ETF 61.3 49 -34 5.3 -1.4
MGC Vanguard Mega Cap Index Fund 60.6 7 8 5.6 -1.1
HSPX Global X S&P 500 Covered Call ETF 60.5 60 -45 5.3 -1.4
XYLG Global X S&P 500 Covered Call & Growth ETF 60.3 60 -45 5.3 -1.3
IVV iShares Core S&P 500 ETF 60.3 3 12 5.8 -0.9
SPY SPDR S&P 500 ETF Trust 60.2 9 6 5.7 -0.9
SPLG SPDR Portfolio Large Cap ETF 60.1 3 12 5.8 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 59.7 20 -5 5.7 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 59.6 27 -12 5.7 -1.0
VOO VANGUARD S&P 500 ETF 59.4 3 12 5.8 -0.8
IWL iShares Russell Top 200 ETF 59.4 15 0 5.4 -1.3
BKLC BNY Mellon US Large Cap Core Equity ETF 59.0 0 15 5.6 -1.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 58.8 7 8 5.6 -1.1
OEF iShares S&P 100 ETF 58.6 20 -5 5.4 -1.3
EPS WisdomTree U.S. Earnings 500 Fund 58.5 8 7 6.9 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 57.8 27 -12 5.4 -1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 57.4 2 13 5.6 -1.0
VV Vanguard Large-Cap Index Fund 57.1 4 11 5.6 -1.1
PBUS Invesco PureBeta MSCI USA ETF 56.9 4 11 5.6 -1.1
SPTM SPDR Portfolio Total Stock Market ETF 56.3 3 12 5.9 -0.8
SCHX Schwab U.S. Large-Cap ETF 55.7 3 12 5.5 -1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 55.2 20 -5 5.3 -1.4
ESGU iShares MSCI USA ESG Optimized ETF 54.8 15 0 5.5 -1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 54.8 27 -12 5.5 -1.2
SCHK Schwab 1000 Index ETF 54.6 5 10 5.6 -1.1
IWB iShares Russell 1000 ETF 54.4 15 0 5.5 -1.2
SNPE Xtrackers S&P 500 ESG ETF 54.4 10 5 5.6 -1.1
EFIV SPDR S&P 500 ESG ETF 54.4 10 5 5.6 -1.1
ESGV Vanguard ESG U.S. Stock ETF 54.2 12 3 5.5 -1.1
IYY iShares Dow Jones U.S. ETF 54.1 20 -5 5.4 -1.3
VONE Vanguard Russell 1000 ETF 53.8 8 7 5.5 -1.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 53.3 60 -45 4.8 -1.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 53.1 9 6 5.9 -0.7
XLG Invesco S&P 500 Top 50 ETF 53.0 20 -5 5.3 -1.4
VTHR Vanguard Russell 3000 Index Fund 52.6 10 5 5.4 -1.3
CATH Global X S&P 500 Catholic Values Custom ETF 52.3 29 -14 5.5 -1.2
SCHB Schwab U.S. Broad Market ETF 51.7 3 12 5.5 -1.2
IWV iShares Russell 3000 ETF 51.7 20 -5 5.3 -1.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 51.4 3 12 5.4 -1.3
FVAL Fidelity Value Factor ETF 50.6 29 -14 8.2 +1.6
VTI Vanguard Total Stock Market Index Fund 50.0 3 12 5.4 -1.3
SFY SoFi Select 500 ETF 49.9 0 15 5.4 -1.3
IQSU IQ Candriam ESG US Equity ETF 49.7 9 6 5.7 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 49.5 12 3 5.6 -1.1
DIVB iShares U.S. Dividend & Buyback ETF 49.5 25 -10 7.1 +0.4
ESG FlexShares STOXX US ESG Impact Index Fund 48.4 32 -17 5.4 -1.3
VOOG Vanguard S&P 500 Growth ETF 48.3 10 5 5.2 -1.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 48.2 25 -10 7.1 +0.5
IVW iShares S&P 500 Growth ETF 47.8 18 -3 5.1 -1.6
SPYG SPDR Portfolio S&P 500 Growth ETF 47.8 4 11 5.2 -1.5
JHML John Hancock Multifactor Large Cap ETF 47.7 29 -14 5.7 -0.9
RECS Columbia Research Enhanced Core ETF 47.4 15 0 6.1 -0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 47.2 28 -13 6.8 +0.1
IUSG iShares Core S&P US Growth ETF 46.9 4 11 5.2 -1.5
IUS Invesco Strategic US ETF 46.6 19 -4 6.8 +0.2
NACP Impact Shares NAACP Minority Empowerment ETF 46.6 75 -60 5.2 -1.5
EXT WisdomTree U.S. Total Earnings Fund 46.3 28 -13 5.9 -0.8
FQAL Fidelity Quality Factor ETF 45.9 29 -14 5.9 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 45.7 39 -24 7.2 +0.5
QLC FlexShares US Quality Large Cap Index Fund 45.7 32 -17 5.6 -1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 45.6 25 -10 7.2 +0.5
AFLG First Trust Active Factor Large Cap ETF 45.5 55 -40 5.9 -0.8
QUS SPDR MSCI USA StrategicFactors ETF 45.4 15 0 6.0 -0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 45.0 12 3 4.9 -1.8
SPXT ProShares S&P 500 Ex-Technology ETF 44.7 27 -12 5.5 -1.1
DTD WisdomTree U.S.Total Dividend Fund 44.6 28 -13 7.0 +0.3
AVUS Avantis U.S. Equity ETF 43.9 15 0 6.0 -0.7
KRMA Global X Conscious Companies ETF 43.7 43 -28 5.6 -1.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 43.4 19 -4 6.5 -0.2
IWF iShares Russell 1000 Growth ETF 42.9 19 -4 4.8 -1.9
WOMN Impact Shares YWCA Women's Empowerment ETF 42.8 75 -60 4.8 -1.9
VONG Vanguard Russell 1000 Growth Index Fund 42.6 8 7 4.9 -1.8
SPQQ Siren Large Cap Blend Index ETF 42.4 20 -5 5.0 -1.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 42.0 25 -10 6.6 -0.0
IWY iShares Russell Top 200 Growth ETF 42.0 20 -5 5.1 -1.6
KOKU Xtrackers MSCI Kokusai Equity ETF 41.9 9 6 6.0 -0.7
TOK iShares MSCI Kokusai ETF 41.8 25 -10 5.8 -0.9
VLU SPDR S&P 1500 Value Tilt ETF 41.3 12 3 7.6 +0.9
RWL Invesco S&P 500 Revenue ETF 41.3 39 -24 7.5 +0.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 41.1 75 -60 4.0 -2.6
ACIO Aptus Collared Income Opportunity ETF 41.1 79 -64 4.8 -1.9
EQWL Invesco Russell Top 200 Equal Weight ETF 40.6 25 -10 6.3 -0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 40.0 49 -34 5.0 -1.6
FDRR Fidelity Dividend ETF for Rising Rates 39.8 29 -14 7.3 +0.6
FDMO Fidelity Momentum Factor ETF 39.8 29 -14 3.8 -2.9
HIPR Direxion High Growth ETF 39.7 40 -25 5.9 -0.8
VOOV Vanguard S&P 500 Value ETF 39.5 10 5 7.4 +0.7
IVE iShares S&P 500 Value ETF 39.3 18 -3 7.3 +0.6
SPYV SPDR Portfolio S&P 500 Value ETF 39.2 4 11 7.4 +0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 39.1 30 -15 6.8 +0.1
ESGG FlexShares STOXX Global ESG Impact Index Fund 38.8 42 -27 5.5 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 38.7 12 3 5.5 -1.2
URTH iShares MSCI World ETF 38.7 24 -9 5.9 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 38.5 15 0 6.2 -0.5
IUSV iShares Core S&P U.S. Value ETF 38.2 4 11 7.5 +0.8
QDYN FlexShares Quality Dividend Dynamic Index Fund 38.2 37 -22 6.6 -0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 38.1 37 -22 6.5 -0.2
ROUS Hartford Multifactor US Equity ETF 38.0 19 -4 6.5 -0.2
ADME Aptus Drawdown Managed Equity ETF 38.0 79 -64 4.0 -2.7
RNLC Large Cap US Equity Select ETF 37.4 60 -45 6.2 -0.5

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 18.9 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.