Principal U.S. Large-Cap Multi-Factor Core Index ETF
ALTAR
Score™
6.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.2x P/Sales
ratio
1.9x
P/BV
ratio
2.9x Div.
yield
2.3%


  • 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) $5
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 165
Wgt avg mkt cap (mns) $296,852
Large cap (>$10bn) 98.4%
Mid cap ($2-10bn) 1.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 6.0 %
APPLE INC 5.2 %
ALPHABET INC. CLASS A 3.7 %
AMAZON.COM INC 3.6 %
FACEBOOK 2.2 %
BERKSHIRE HATHAWAY INC-CL B 1.8 %
VISA INC-CLASS A SHARES 1.6 %
JOHNSON & JOHNSON 1.6 %
JPMORGAN CHASE & CO 1.6 %
LAM RESEARCH CORP 1.3 %
Total 28.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.4 %
IRELAND 2.4 %
CHINA 0.5 %
BERMUDA 0.3 %
BRITAIN 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $20.76
30d moving avg. $22.89
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.60%
ADV underlying (mns) $187,027

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™: 6.9%


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
(%)
HSPX Global X S&P 500 Covered Call ETF 66.7 65 -50 6.2 -0.8
PBP Invesco S&P 500 BuyWrite ETF 66.3 49 -34 6.5 -0.4
MGC Vanguard Mega Cap Index Fund 64.2 7 8 6.8 -0.1
SPY SPDR S&P 500 ETF Trust 63.2 9 6 7.1 +0.1
SPLG SPDR Portfolio Large Cap ETF 63.1 3 12 7.1 +0.2
VOO VANGUARD S&P 500 ETF 63.1 3 12 7.1 +0.2
IVV iShares Core S&P 500 ETF 63.1 4 11 7.1 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 63.0 20 -5 7.1 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 62.8 27 -12 7.0 +0.0
IWL iShares Russell Top 200 ETF 62.7 15 0 6.6 -0.3
VV Vanguard Large-Cap Index Fund 62.1 4 11 7.0 +0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 61.1 2 13 7.1 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 60.0 27 -12 6.8 -0.2
PBUS Invesco PureBeta MSCI USA ETF 59.9 4 11 7.2 +0.2
SCHX Schwab U.S. Large-Cap ETF 59.6 3 12 7.0 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 59.5 27 -12 6.6 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 59.3 20 -5 6.6 -0.3
VONE Vanguard Russell 1000 ETF 59.1 8 7 7.0 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 58.9 3 12 7.3 +0.3
IWB iShares Russell 1000 ETF 58.4 15 0 7.0 +0.0
SCHK Schwab 1000 Index ETF 57.8 5 10 7.0 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 57.7 9 6 7.3 +0.4
SFY SoFi Select 500 ETF 57.6 0 15 6.7 -0.2
IYY iShares Dow Jones U.S. ETF 57.4 20 -5 6.9 -0.0
EPS WisdomTree U.S. Earnings 500 Fund 56.5 8 7 8.5 +1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 56.3 12 3 6.7 -0.2
OEF iShares S&P 100 ETF 56.2 20 -5 6.3 -0.6
VTHR Vanguard Russell 3000 Index Fund 56.0 10 5 6.9 0.0
ESGU iShares MSCI USA ESG Optimized ETF 55.8 15 0 6.7 -0.3
VOOG Vanguard S&P 500 Growth ETF 55.5 10 5 5.7 -1.2
SPYG SPDR Portfolio S&P 500 Growth ETF 55.4 4 11 5.8 -1.2
IVW iShares S&P 500 Growth ETF 55.4 18 -3 5.6 -1.3
SCHB Schwab U.S. Broad Market ETF 55.3 3 12 7.0 +0.1
IWV iShares Russell 3000 ETF 55.2 20 -5 6.9 -0.1
VTI Vanguard Total Stock Market Index Fund 55.2 3 12 7.0 +0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 55.1 3 12 7.0 +0.0
ESGV Vanguard ESG U.S. Stock ETF 54.9 12 3 7.0 +0.0
SNPE Xtrackers S&P 500 ESG ETF 54.4 11 4 6.8 -0.1
CATH Global X S&P 500 Catholic Values Custom ETF 54.2 29 -14 7.0 +0.1
IUSG iShares Core S&P US Growth ETF 54.0 4 11 5.8 -1.1
IQSU IQ Candriam ESG US Equity ETF 52.6 9 6 6.7 -0.3
XLG Invesco S&P 500 Top 50 ETF 52.5 20 -5 5.9 -1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 52.4 60 -45 6.0 -1.0
EXT WisdomTree U.S. Total Earnings Fund 52.3 28 -13 7.7 +0.7
JHML John Hancock Multifactor Large Cap ETF 51.8 34 -19 7.5 +0.5
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 51.3 29 -14 5.6 -1.3
FDMO Fidelity Momentum Factor ETF 50.8 29 -14 5.5 -1.5
QUS SPDR MSCI USA StrategicFactors ETF 50.6 15 0 7.3 +0.3
IWF iShares Russell 1000 Growth ETF 50.1 19 -4 5.7 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 50.0 8 7 5.8 -1.2
DIVB iShares U.S. Dividend & Buyback ETF 49.6 25 -10 8.8 +1.8
RECS Columbia Research Enhanced Core ETF 49.5 15 0 7.5 +0.5
IUS Invesco Strategic US ETF 49.4 19 -4 7.9 +1.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 48.8 12 3 6.3 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 48.7 75 -60 6.2 -0.8
FQAL Fidelity Quality Factor ETF 48.6 29 -14 7.0 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 48.2 27 -12 7.3 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 48.2 25 -10 8.3 +1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 48.1 28 -13 8.0 +1.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 48.0 75 -60 5.0 -2.0
AVUS Avantis U.S. Equity ETF 47.1 15 0 8.0 +1.0
IWY iShares Russell Top 200 Growth ETF 46.9 20 -5 5.5 -1.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 46.2 25 -10 8.4 +1.5
FDLO Fidelity Low Volatility Factor ETF 46.2 29 -14 6.5 -0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 45.9 25 -10 8.6 +1.7
ESG FlexShares STOXX US ESG Impact Index Fund 45.7 32 -17 6.8 -0.2
AFLG First Trust Active Factor Large Cap ETF 45.6 55 -40 7.7 +0.7
DTD WisdomTree U.S.Total Dividend Fund 45.2 28 -13 8.5 +1.5
JQUA JPMorgan U.S. Quality Factor ETF 45.0 12 3 6.6 -0.3
DGRO iShares Core Dividend Growth ETF 44.7 8 7 8.4 +1.4
VUG Vanguard Growth Index Fund 44.6 4 11 5.5 -1.4
FVAL Fidelity Value Factor ETF 44.0 29 -14 11.0 +4.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 43.8 49 -34 5.5 -1.5
PRF Invesco FTSE RAFI US 1000 ETF 43.7 39 -24 9.2 +2.2
TOK iShares MSCI Kokusai ETF 43.5 25 -10 7.3 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 43.5 4 11 5.6 -1.3
VLU SPDR S&P 1500 Value Tilt ETF 43.0 12 3 9.6 +2.7
MGK Vanguard Mega Cap Growth ETF 42.4 7 8 5.6 -1.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 41.9 30 -15 8.1 +1.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 41.5 19 -4 7.6 +0.6
VEGN US Vegan Climate ETF 41.4 60 -45 7.1 +0.2
RWL Invesco S&P 500 Revenue ETF 41.3 39 -24 9.2 +2.3
WOMN Impact Shares YWCA Women's Empowerment ETF 41.2 75 -60 6.2 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 41.1 15 0 8.0 +1.1
DSI iShares MSCI KLD 400 Social ETF 40.5 25 -10 6.7 -0.2
RNLC Large Cap US Equity Select ETF 40.4 60 -45 8.2 +1.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 40.1 52 -37 7.9 +0.9
FDRR Fidelity Dividend ETF for Rising Rates 40.0 29 -14 9.6 +2.7
URTH iShares MSCI World ETF 39.9 24 -9 7.5 +0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 39.9 25 -10 7.5 +0.6
SUSL iShares ESG MSCI USA Leaders ETF 39.6 10 5 6.9 0.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 39.5 10 5 6.9 0.0
QLC FlexShares US Quality Large Cap Index Fund 39.5 32 -17 7.4 +0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 39.3 29 -14 8.2 +1.3
JMOM JPMorgan U.S. Momentum Factor ETF 38.6 12 3 5.2 -1.8
ROUS Hartford Multifactor US Equity ETF 38.4 19 -4 9.2 +2.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 38.3 42 -27 7.2 +0.2
QWLD SPDR MSCI World StrategicFactors ETF 37.7 30 -15 7.5 +0.5
USMV iShares Edge MSCI Min Vol USA ETF 37.1 15 0 6.8 -0.1
PSET Principal Price Setters Index ETF 37.1 29 -14 7.1 +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 U.S. Large-Cap Multi-Factor Core Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.4 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.