Principal Sustainable Momentum Index ETF
ALTAR
Score™
10.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
49.2x P/Sales
ratio
0.8x
P/BV
ratio
1.0x Div.
yield
3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Principal Sustainable Momentum Index ETF tracks an index of large- and midcap US equities that exhibit sustainable price momentum.

FUND BASICS
Category US Equities
Fund Sponsor The Principal Financial Group
Website www.principalfunds.com
Inception date Oct 19, 2017
Assets (mns) $4
Currency USD
Expense ratio 29 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 135
Wgt avg mkt cap (mns) $10,353
Large cap (>$10bn) 26.0%
Mid cap ($2-10bn) 71.2%
Small cap (<$2bn) 2.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENCANA CORP 2.1 %
APACHE CORP 2.0 %
CONTINENTAL RESOURCES INC/OK 1.3 %
MARATHON OIL CORP 1.2 %
DEVON ENERGY CORPORATION 1.2 %
TARGA RESOURCES CORP 1.2 %
HALLIBURTON CO 1.2 %
NOBLE ENERGY INC 1.1 %
DIAMONDBACK ENERGY INC 1.1 %
PARSLEY ENERGY INC-CLASS A 1.1 %
Total 13.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
CANADA 2.1 %
IRELAND 1.3 %
BRITAIN 0.7 %
BERMUDA 0.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.9% -1.0% -- -- 4.2%

Market Correlations
versus... Beta R-squared
S&P500 1.21 87%
MSCI EAFE 1.19 70%
MSCI Emg. Mkts. 0.92 64%

Technical Indicators
Recent close $29.57
30d moving avg. $25.35
Annualized volatility 23.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $24,135

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Principal Sustainable Momentum Index ETF ETF based on the alternatives' overlap in portfolio holdings with PMOM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PMOM Expense: 29 bp ALTAR Score™: 10.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PMOM
Ticker Fund
Name
Overlap1
vs PMOM
(%)
Expense
ratio
(bp)
Savings
vs PMOM
(bp)
ALTAR
Score™
(%)
ALTAR
vs PMOM
(%)
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 34.7 49 -20 10.1 +0.1
SPHB Invesco S&P 500 High Beta ETF 34.7 25 4 10.3 +0.3
FNK First Trust Mid Cap Value AlphaDEX Fund 31.2 70 -41 11.0 +1.0
RPV Invesco S&P 500 Pure Value ETF 27.0 35 -6 11.5 +1.5
FTA First Trust Large Cap Value AlphaDEX Fund 24.4 60 -31 9.5 -0.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 23.6 65 -36 5.5 -4.5
FAB First Trust Multi Cap Value AlphaDEX Fund 23.5 71 -42 9.8 -0.2
FXD First Trust Consumer Discretionary AlphaDEX Fund 22.6 64 -35 9.6 -0.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 22.5 20 9 10.0 -0.0
SLT Salt TruBeta High Exposure ETF 21.9 29 0 7.1 -2.9
RVRS Reverse Cap Weighted U.S. Large Cap ETF 21.7 29 0 7.4 -2.6
MAGA Point Bridge GOP Stock Tracker ETF 20.6 72 -43 6.5 -3.5
JKI iShares Morningstar Mid-Cap Value ETF 19.2 30 -1 9.8 -0.2
JHME John Hancock Multifactor Energy ETF 19.2 40 -11 3.5 -6.5
PXI Invesco DWA Energy Momentum ETF 18.2 60 -31 4.4 -5.6
DON WisdomTree U.S. MidCap Dividend Fund 17.9 38 -9 7.9 -2.1
AUSF Global X Adaptive U.S. Factor ETF 17.7 27 2 8.4 -1.6
RSP Invesco S&P 500 Equal Weight ETF 17.4 20 9 7.1 -2.9
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 17.3 40 -11 8.2 -1.8
ONEY SPDR Russell 1000 Yield Focus ETF 17.1 20 9 8.6 -1.4
PVAL Principal Contrarian Value Index ETF 17.1 29 0 7.6 -2.4
FXN First Trust Energy AlphaDEX Fund 17.0 65 -36 -0.3 -10.3
FNX First Trust Mid Cap Core AlphaDEX Fund 16.8 61 -32 7.0 -3.1
FRAK VanEck Vectors Unconventional Oil & Gas ETF 16.7 54 -25 1.6 -8.4
SPYD SPDR S&P 500 High Dividend ETF 16.5 7 22 10.2 +0.2
RNMC Mid Cap US Equity Select ETF 16.4 60 -31 8.0 -2.0
RYE Invesco S&P 500 Equal Weight Energy ETF 15.8 40 -11 3.0 -7.0
VOE Vanguard Mid-Cap Value Index Fund 15.5 7 22 8.1 -1.9
ESGS Columbia Sustainable U.S. Equity Income ETF 15.5 35 -6 9.0 -1.0
XOP SPDR S&P Oil & Gas Exploration & Production ETF 15.4 35 -6 2.7 -7.3
VFVA Vanguard U.S. Value Factor ETF 14.8 13 16 11.6 +1.6
FEX First Trust Large Cap Core AlphaDEX Fund 14.7 60 -31 6.4 -3.6
EQAL Invesco Russell 1000 Equal Weight ETF 14.4 20 9 5.3 -4.7
IEO iShares U.S. Oil & Gas Exploration & Production ETF 14.3 42 -13 3.3 -6.7
RNDV US Equity Dividend Select ETF 14.2 50 -21 8.1 -1.9
IWS iShares Russell Mid-Cap Value ETF 13.9 24 5 7.4 -2.6
EZM WisdomTree U.S. MidCap Earnings Fund 13.8 38 -9 9.3 -0.7
SCHM Schwab U.S. Mid-Cap ETF 13.8 4 25 6.5 -3.5
JDIV JPMorgan U.S. Dividend ETF 13.7 12 17 8.3 -1.7
SPVU Invesco S&P 500 Enhanced Value ETF 13.6 13 16 11.0 +1.0
IYE iShares U.S. Energy ETF 13.5 42 -13 3.8 -6.2
TUSA First Trust Total US Market AlphaDEX ETF 13.5 70 -41 6.4 -3.6
SYLD Cambria Shareholder Yield ETF 13.4 59 -30 9.6 -0.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 13.3 17 12 7.1 -3.0
VDE Vanguard Energy Index Fund 13.3 10 19 3.8 -6.2
VLUE iShares Edge MSCI USA Value Factor ETF 13.1 15 14 11.2 +1.2
FENY Fidelity MSCI Energy Index ETF 13.0 8 21 3.8 -6.2
COWZ Pacer US Cash Cows 100 ETF 13.0 49 -20 10.1 +0.1
VLU SPDR S&P 1500 Value Tilt ETF 12.8 12 17 7.6 -2.4
PY Principal Shareholder Yield Index ETF 12.8 29 0 9.5 -0.6
XLE Energy Select Sector SPDR Fund 12.7 13 16 4.2 -5.8
USDY Pacific Global US Equity Income ETF 12.6 29 0 8.0 -2.0
NUMV Nuveen ESG Mid-Cap Value ETF 12.4 40 -11 8.8 -1.2
SDOG ALPS Sector Dividend Dogs ETF 12.1 40 -11 10.7 +0.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 12.1 20 9 7.9 -2.2
SPDV AAM S&P 500 High Dividend Value ETF 11.9 29 0 10.7 +0.6
EUSA iShares MSCI USA Equal Weighted ETF 11.9 15 14 6.3 -3.7
JVAL JPMorgan U.S. Value Factor ETF 11.8 12 17 9.0 -1.0
IJJ iShares S&P Mid-Cap 400 Value ETF 11.6 25 4 8.4 -1.6
MDYV SPDR S&P 400 Mid Cap Value ETF 11.6 15 14 8.5 -1.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 11.6 15 14 8.5 -1.5
IGE iShares North American Natural Resources ETF 11.4 46 -17 4.0 -6.0
SIZE iShares Edge MSCI USA Size Factor ETF 11.2 15 14 6.2 -3.8
CVY Invesco Zacks Multi-Asset Income ETF 11.2 97 -68 13.1 +3.1
SFYX Sofi Next 500 ETF 11.1 0 29 6.1 -3.9
QDIV Global X S&P 500 Quality Dividend ETF 11.0 20 9 8.2 -1.8
SPYB SPDR S&P 500 Buyback ETF 11.0 35 -6 9.4 -0.6
FTXN First Trust Nasdaq Oil & Gas ETF 10.9 60 -31 2.5 -7.5
FVAL Fidelity Value Factor ETF 10.9 29 0 8.4 -1.7
VALQ American Century STOXX U.S. Quality Value ETF 10.6 29 0 9.1 -0.9
DTN WisdomTree U.S. Dividend ex-Financials Fund 10.6 38 -9 8.1 -1.9
RNLC Large Cap US Equity Select ETF 10.4 60 -31 6.4 -3.6
PRF Invesco FTSE RAFI US 1000 ETF 10.3 39 -10 7.0 -3.0
JKG iShares Morningstar Mid-Cap ETF 10.3 25 4 6.2 -3.8
JHMM John Hancock Multifactor Mid Cap ETF 10.2 44 -15 6.0 -4.1
BLES Inspire Global Hope Large Cap ETF 10.0 61 -32 6.7 -3.3
RWL Invesco S&P 500 Revenue ETF 9.9 39 -10 7.0 -3.0
QVAL Alpha Architect U.S. Quantitative Value ETF 9.9 49 -20 11.5 +1.5
MXDU Nationwide Maximum Diversification US Core Equity ETF 9.8 34 -5 5.4 -4.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 9.8 24 5 6.2 -3.8
JHSC John Hancock Multifactor Small Cap ETF 9.7 50 -21 6.0 -4.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 9.7 29 0 6.8 -3.2
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 9.6 25 4 7.5 -2.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 9.6 25 4 6.7 -3.3
VBR Vanguard Small Cap Value Index Fund 9.5 7 22 8.6 -1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 9.3 20 9 7.2 -2.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 9.3 25 4 6.7 -3.3
JHMC John Hancock Multifactor Consumer Discretionary ETF 9.3 40 -11 4.9 -5.1
NANR SPDR S&P North American Natural Resources ETF 9.2 35 -6 3.5 -6.6
IWR iShares Russell Midcap ETF 9.2 19 10 5.9 -4.1
IUSV iShares Core S&P U.S. Value ETF 9.1 4 25 7.5 -2.5
IWD iShares Russell 1000 Value ETF 9.1 19 10 7.2 -2.8
EQWL Invesco Russell Top 200 Equal Weight ETF 9.0 25 4 6.2 -3.8
VONV Vanguard Russell 1000 Value Index Fund 9.0 8 21 7.3 -2.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 8.9 35 -6 8.6 -1.4
FXO First Trust Financials AlphaDEX Fund 8.9 63 -34 12.1 +2.1
IXC iShares Global Energy ETF 8.9 46 -17 5.6 -4.4
VO Vanguard Mid-Cap Index Fund 8.8 4 25 5.7 -4.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 8.8 39 -10 10.9 +0.9

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 Sustainable Momentum Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.52
 
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.