Principal Sustainable Momentum Index ETF
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
-71.6x P/Sales
ratio
0.9x
P/BV
ratio
1.1x Div.
yield
2.7%


  • 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 18, 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 136
Wgt avg mkt cap (mns) $12,704
Large cap (>$10bn) 30.6%
Mid cap ($2-10bn) 66.8%
Small cap (<$2bn) 2.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENCANA CORP 2.5 %
APACHE CORP 2.2 %
L BRANDS, INC. 1.3 %
CONTINENTAL RESOURCES INC/OK 1.3 %
HALLIBURTON CO 1.3 %
WHIRLPOOL CORP 1.2 %
GAP INC/THE 1.2 %
PARSLEY ENERGY INC-CLASS A 1.1 %
HANESBRANDS INC 1.1 %
TARGA RESOURCES CORP 1.1 %
Total 14.3 %

TOP COUNTRY EXPOSURE
0.0 %











HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.0% 17.6% -- -- 10.2%

Market Correlations
versus... Beta R-squared
S&P500 1.18 83%
MSCI EAFE 1.18 70%
MSCI Emg. Mkts. 0.86 59%

Technical Indicators
Recent close $27.69
30d moving avg. $28.61
Annualized volatility 23.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $5,258

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™: 8.6%


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
(%)
PVAL Principal Contrarian Value Index ETF 41.7 29 0 9.5 +0.9
SPHB Invesco S&P 500 High Beta ETF 33.7 25 4 8.6 -0.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 31.7 29 0 9.1 +0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 30.0 29 0 7.7 -1.0
SLT Salt TruBeta High Exposure ETF 28.6 29 0 8.4 -0.2
RPV Invesco S&P 500 Pure Value ETF 26.3 35 -6 10.7 +2.0
ONEY SPDR Russell 1000 Yield Focus ETF 25.3 20 9 8.7 +0.1
JKL iShares Morningstar Small Cap Value ETF 23.8 30 -1 9.9 +1.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 22.9 20 9 9.2 +0.6
FNK First Trust Mid Cap Value AlphaDEX Fund 21.2 70 -41 10.7 +2.1
FTA First Trust Large Cap Value AlphaDEX Fund 20.1 60 -31 9.0 +0.3
FAB First Trust Multi Cap Value AlphaDEX Fund 19.0 71 -42 9.5 +0.9
JHME John Hancock Multifactor Energy ETF 18.1 40 -11 4.2 -4.4
DON WisdomTree U.S. MidCap Dividend Fund 17.8 38 -9 7.5 -1.1
MAGA Point Bridge GOP Stock Tracker ETF 17.7 72 -43 6.2 -2.4
JDIV JPMorgan U.S. Dividend ETF 17.5 12 17 7.6 -1.0
FXN First Trust Energy AlphaDEX Fund 17.4 65 -36 3.1 -5.6
JKI iShares Morningstar Mid-Cap Value ETF 17.2 30 -1 8.8 +0.2
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 17.0 40 -11 6.0 -2.6
AUSF Global X Adaptive U.S. Factor ETF 16.9 27 2 9.1 +0.5
BUY USCF SummerHaven SHPEI Index Fund 16.9 80 -51 8.7 +0.1
FXD First Trust Consumer Discretionary AlphaDEX Fund 16.7 64 -35 5.6 -3.0
VOE Vanguard Mid-Cap Value Index Fund 16.5 7 22 7.6 -1.1
RNMC Mid Cap US Equity Select ETF 16.0 60 -31 7.5 -1.1
FRAK VanEck Vectors Unconventional Oil & Gas ETF 16.0 54 -25 1.8 -6.8
SPYD SPDR S&P 500 High Dividend ETF 15.9 7 22 10.9 +2.3
RSP Invesco S&P 500 Equal Weight ETF 15.6 20 9 6.4 -2.2
SYLD Cambria Shareholder Yield ETF 15.5 59 -30 8.7 +0.1
EZM WisdomTree U.S. MidCap Earnings Fund 15.4 38 -9 8.8 +0.2
COWZ Pacer US Cash Cows 100 ETF 15.1 49 -20 10.3 +1.7
SPVU Invesco S&P 500 Enhanced Value ETF 14.8 13 16 11.4 +2.8
IWS iShares Russell Mid-Cap Value ETF 14.8 24 5 6.9 -1.7
VFVA Vanguard U.S. Value Factor ETF 14.5 14 15 10.8 +2.2
SCHM Schwab U.S. Mid-Cap ETF 14.4 4 25 6.1 -2.5
PXE Invesco Dynamic Energy Exploration & Production ETF 14.3 63 -34 2.4 -6.2
XOP SPDR S&P Oil & Gas Exploration & Production ETF 14.2 35 -6 4.1 -4.6
JVAL JPMorgan U.S. Value Factor ETF 13.9 12 17 8.7 +0.1
RYE Invesco S&P 500 Equal Weight Energy ETF 13.8 40 -11 4.2 -4.5
VLUE iShares Edge MSCI USA Value Factor ETF 13.8 15 14 11.3 +2.7
EQAL Invesco Russell 1000 Equal Weight ETF 13.7 20 9 5.5 -3.1
FCG First Trust Natural Gas ETF 13.6 60 -31 3.8 -4.8
PY Principal Shareholder Yield Index ETF 13.2 15 14 9.2 +0.6
IEO iShares U.S. Oil & Gas Exploration & Production ETF 13.2 42 -13 3.8 -4.8
VLU SPDR S&P 1500 Value Tilt ETF 13.1 12 17 7.4 -1.2
IYE iShares U.S. Energy ETF 13.1 42 -13 4.5 -4.1
FEX First Trust Large Cap Core AlphaDEX Fund 13.0 60 -31 6.0 -2.7
FENY Fidelity MSCI Energy Index ETF 13.0 8 21 4.7 -3.9
MDYV SPDR S&P 400 Mid Cap Value ETF 12.9 15 14 8.4 -0.3
IJJ iShares S&P Mid-Cap 400 Value ETF 12.9 25 4 8.3 -0.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 12.7 15 14 8.4 -0.2
VDE Vanguard Energy Index Fund 12.7 10 19 4.7 -4.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 12.5 65 -36 3.1 -5.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 12.5 20 9 7.6 -1.0
FNX First Trust Mid Cap Core AlphaDEX Fund 12.4 61 -32 6.5 -2.1
RNDV US Equity Dividend Select ETF 12.3 50 -21 7.8 -0.8
TUSA First Trust Total US Market AlphaDEX ETF 12.2 70 -41 5.9 -2.7
PXI Invesco DWA Energy Momentum ETF 12.1 60 -31 0.8 -7.8
BKSE BNY Mellon US Small Cap Core Equity ETF 12.0 4 25 6.0 -2.6
SDOG ALPS Sector Dividend Dogs ETF 11.8 40 -11 10.0 +1.4
RWL Invesco S&P 500 Revenue ETF 11.7 39 -10 7.2 -1.4
VBR Vanguard Small Cap Value Index Fund 11.7 7 22 8.1 -0.5
SFYX Sofi Next 500 ETF 11.6 0 29 6.0 -2.7
SIZE iShares Edge MSCI USA Size Factor ETF 11.5 15 14 6.1 -2.6
VALQ American Century STOXX U.S. Quality Value ETF 11.4 29 0 8.9 +0.3
XLE Energy Select Sector SPDR Fund 11.4 13 16 5.1 -3.6
IUS Invesco Strategic US ETF 11.2 19 10 6.9 -1.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 11.1 24 5 6.0 -2.6
EUSA iShares MSCI USA Equal Weighted ETF 11.0 15 14 6.1 -2.5
JKJ iShares Morningstar Small-Cap ETF 11.0 25 4 6.5 -2.2
NUMV Nuveen ESG Mid-Cap Value ETF 10.8 40 -11 7.0 -1.7
RYJ Invesco Raymond James SB-1 Equity ETF 10.8 76 -47 3.4 -5.2
IWR iShares Russell Midcap ETF 10.7 19 10 5.5 -3.1
JHMM John Hancock Multifactor Mid Cap ETF 10.6 42 -13 5.6 -3.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 10.6 25 4 7.2 -1.4
CVY Invesco Zacks Multi-Asset Income ETF 10.6 94 -65 10.2 +1.6
IGE iShares North American Natural Resources ETF 10.5 46 -17 4.3 -4.3
PRF Invesco FTSE RAFI US 1000 ETF 10.4 39 -10 7.1 -1.5
JHSC John Hancock Multifactor Small Cap ETF 10.3 42 -13 5.8 -2.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 10.3 25 4 7.2 -1.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 10.1 17 12 6.4 -2.2
VO Vanguard Mid-Cap Index Fund 10.1 4 25 5.2 -3.4
JHMC John Hancock Multifactor Consumer Discretionary ETF 9.9 40 -11 4.2 -4.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 9.9 39 -10 10.2 +1.6
FTXN First Trust Nasdaq Oil & Gas ETF 9.9 60 -31 3.4 -5.3
RNLC Large Cap US Equity Select ETF 9.8 60 -31 6.1 -2.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 9.8 20 9 6.9 -1.8
FVAL Fidelity Value Factor ETF 9.8 29 0 8.3 -0.3
DTN WisdomTree U.S. Dividend ex-Financials Fund 9.6 38 -9 7.8 -0.8
QDIV Global X S&P 500 Quality Dividend ETF 9.6 20 9 7.5 -1.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 9.4 4 25 5.5 -3.2
IUSV iShares Core S&P U.S. Value ETF 9.3 4 25 7.3 -1.3
SPDV AAM S&P 500 High Dividend Value ETF 9.3 29 0 9.8 +1.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 9.3 35 -6 8.3 -0.3
RWK Invesco S&P MidCap 400 Revenue ETF 9.2 39 -10 7.6 -1.0
VOOV Vanguard S&P 500 Value ETF 9.0 10 19 7.2 -1.4
DVY iShares Select Dividend ETF 8.9 39 -10 9.3 +0.7
IVE iShares S&P 500 Value ETF 8.9 18 11 7.1 -1.5
SPYV SPDR Portfolio S&P 500 Value ETF 8.9 4 25 7.2 -1.4
VUSE Vident Core US Equity Fund 8.9 48 -19 8.8 +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 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 9.3 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 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.