PGIM QMA Strategic Alpha International Equity ETF
ALTAR
Score™
7.1% info Recommen-
dation
OVERWEIGHT
2021E    2022E
P/E
ratio
15.1x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
PQIN is an actively managed portfolio of developed-market international stocks. The fund seeks long-term growth of capital.

FUND BASICS
Category International Equities
Fund Sponsor PGIM Investments
Website www.pgim.com
Inception date Dec 04, 2018
Assets (mns) $40
Currency USD
Expense ratio 29 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 454
Wgt avg mkt cap (mns) $27,494
Large cap (>$10bn) 64.8%
Mid cap ($2-10bn) 34.3%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
A.P. MOLLER - MAERSK A/S CLASS A 0.3 %
A.P. MOLLER - MAERSK A/S CLASS B 0.3 %
SOUTH32 LTD. 0.3 %
PORSCHE AUTOMOBIL HLDG-PFD 0.3 %
REPSOL YPF SA 0.3 %
CK ASSET HOLDINGS LIMITED 0.3 %
DBS GROUP HOLDINGS LTD 0.2 %
EVRAZ PLC 0.2 %
SWIRE PROPERTIES LTD 0.2 %
ALFA LAVAL AB 0.2 %
Total 2.5 %

TOP COUNTRY EXPOSURE
JAPAN 38.6 %
BRITAIN 7.7 %
GERMANY 7.5 %
FRANCE 7.3 %
SWEDEN 6.3 %
SWITZERLAND 5.8 %
AUSTRALIA 5.2 %
HONG KONG 3.7 %
ITALY 2.7 %
SINGAPORE 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
1.5% 22.7% -- -- 12.1%

Market Correlations
versus... Beta R-squared
S&P500 0.88 85%
MSCI EAFE 0.91 96%
MSCI Emg. Mkts. 0.71 72%

Technical Indicators
Recent close $57.61
30d moving avg. $58.43
Annualized volatility 18.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $30,985

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the PGIM QMA Strategic Alpha International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with PQIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PQIN Expense: 29 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PQIN
Ticker Fund
Name
Overlap1
vs PQIN
(%)
Expense
ratio
(bp)
Savings
vs PQIN
(bp)
ALTAR
Score™
(%)
ALTAR
vs PQIN
(%)
DFAI Dimensional International Core Equity Market ETF 64.8 18 11 6.3 -0.8
CIL VictoryShares International Volatility Weighted Index ETF 47.9 45 -16 6.3 -0.8
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 47.8 45 -16 6.4 -0.7
ISZE iShares Edge MSCI Intl Size Factor ETF 45.2 30 -1 6.1 -1.0
JHMD John Hancock Multifactor Developed International ETF 42.7 39 -10 6.4 -0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 42.7 25 4 6.1 -1.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 41.7 24 5 6.6 -0.5
EFA iShares MSCI EAFE ETF 40.2 32 -3 6.2 -0.9
QEFA SPDR MSCI EAFE Quality Mix ETF 39.3 30 -1 6.1 -1.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 39.2 35 -6 6.1 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 39.1 20 9 6.3 -0.8
ESGD iShares MSCI EAFE ESG Optimized ETF 39.0 20 9 6.2 -0.9
TPIF Timothy Plan International ETF 38.9 62 -33 6.0 -1.1
HFXI IQ 50 Percent Hedged FTSE International ETF 38.8 20 9 6.5 -0.6
GSID Goldman Sachs MarketBeta International Equity ETF 38.3 20 9 6.3 -0.8
EWJE iShares MSCI Japan Equal Weighted ETF 37.9 15 14 6.2 -0.9
PDEV Principal International Multi-Factor Core Index ETF 36.9 25 4 6.9 -0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 36.6 7 22 6.5 -0.6
EFV iShares MSCI EAFE Value ETF 36.6 39 -10 8.2 +1.1
RESD WisdomTree International ESG Fund 36.1 30 -1 6.5 -0.6
IEFA iShares Core MSCI EAFE ETF 36.0 7 22 6.4 -0.7
BKIE BNY Mellon International Equity ETF 35.8 4 25 6.6 -0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 35.6 40 -11 7.3 +0.2
DWM WisdomTree International Equity Fund 35.6 48 -19 7.2 +0.1
IQSI IQ Candriam ESG International Equity ETF 34.9 15 14 6.3 -0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 34.8 45 -16 7.5 +0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 34.8 12 17 5.9 -1.2
IQIN IQ 500 International ETF 34.8 25 4 7.4 +0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 34.6 35 -6 6.0 -1.1
FNDF Schwab Fundamental International Large Co. Index ETF 34.6 25 4 7.6 +0.5
SCHF Schwab International Equity ETF 34.5 6 23 6.5 -0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 34.4 39 -10 5.6 -1.5
JPIN JPMorgan Diversified Return International Equity ETF 34.1 37 -8 7.0 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 33.7 4 25 6.2 -0.9
IDEV iShares Core MSCI International Developed Markets ETF 33.7 5 24 6.4 -0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 33.2 29 0 7.3 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 32.9 25 4 6.1 -1.0
IVLU iShares Edge MSCI Intl Value Factor ETF 32.3 30 -1 9.8 +2.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 32.0 35 -6 7.8 +0.7
VEA Vanguard FTSE Developed Markets ETF 31.9 5 24 6.5 -0.6
QINT American Century Quality Diversified International ETF 31.7 39 -10 6.5 -0.6
IPAC iShares Core MSCI Pacific ETF 30.3 9 20 6.2 -0.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 30.3 45 -16 6.1 -1.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 30.1 14 15 6.0 -1.1
DOL WisdomTree International LargeCap Dividend Fund 29.5 48 -19 7.2 +0.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 29.5 23 6 6.3 -0.8
DWMF WisdomTree International Multifactor Fund 29.4 38 -9 6.2 -0.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 29.3 25 4 6.3 -0.8
EWJ iShares MSCI Japan ETF 29.3 51 -22 6.0 -1.1
BBJP JPMorgan BetaBuilders Japan ETF 29.2 19 10 6.3 -0.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 28.6 45 -16 6.0 -1.1
ACWX iShares MSCI ACWI ex U.S. ETF 28.6 32 -3 6.3 -0.8
CWI SPDR MSCI ACWI ex-US ETF 28.6 30 -1 6.2 -0.9
VSGX Vanguard ESG International Stock ETF 28.5 17 12 6.3 -0.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 28.3 45 -16 6.1 -1.0
ZJPN SPDR Solactive Japan ETF 28.3 14 15 6.5 -0.6
AVDE Avantis International Equity ETF 28.2 23 6 6.8 -0.3
FLJP Franklin FTSE Japan ETF 28.1 9 20 6.5 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 28.0 40 -11 6.1 -1.0
FLJH Franklin FTSE Japan Hedged ETF 28.0 9 20 6.5 -0.6
BBEU JPMorgan BetaBuilders Europe ETF 27.9 9 20 6.7 -0.4
VPL Vanguard FTSE Pacific ETF 27.9 8 21 6.4 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 27.7 8 21 6.6 -0.5
FLEE Franklin FTSE Europe ETF 27.6 9 20 6.5 -0.6
FLEH Franklin FTSE Europe Hedged ETF 27.5 9 20 6.5 -0.6
IEV iShares Europe ETF 27.5 59 -30 6.1 -1.0
JPXN iShares JPX-Nikkei 400 ETF 27.4 48 -19 6.1 -1.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 27.1 9 20 6.5 -0.6
DIM WisdomTree International MidCap Dividend Fund 27.1 58 -29 7.0 -0.1
IEUR iShares Core MSCI Europe ETF 26.9 9 20 6.5 -0.6
VGK Vanguard FTSE Europe ETF 26.8 8 21 6.6 -0.5
SPEU SPDR Portfolio Europe ETF 26.2 9 20 6.6 -0.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 25.5 20 9 5.1 -2.0
IXUS ishares Core MSCI Total International Stock ETF 25.2 9 20 6.4 -0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 25.1 39 -10 6.8 -0.3
RBIN Nationwide Risk-Based International Equity ETF 25.0 42 -13 5.9 -1.2
EWJV iShares MSCI Japan Value ETF 24.8 15 14 8.4 +1.3
IDLV Invesco S&P International Developed Low Volatility ETF 24.6 25 4 6.2 -0.9
INTF iShares Edge MSCI Multifactor Intl ETF 24.6 30 -1 7.5 +0.4
EFG iShares MSCI EAFE Growth ETF 24.5 40 -11 4.0 -3.1
RNDM First Trust Developed International Equity Select ETF 24.5 65 -36 5.7 -1.4
VYMI Vanguard International High Dividend Yield ETF 24.1 27 2 9.0 +1.9
DTH WisdomTree International High Dividend Fund 22.9 58 -29 8.5 +1.4
VWID Virtus WMC International Dividend ETF 22.7 49 -20 7.5 +0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 22.5 16 13 5.9 -1.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 22.2 80 -51 5.9 -1.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.1 30 -1 5.4 -1.7
FDEV Fidelity Targeted International Factor ETF 21.6 39 -10 5.9 -1.2
DXJ WisdomTree Japan Hedged Equity Fund 21.1 48 -19 7.4 +0.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 20.9 30 -1 3.9 -3.2
FDT First Trust Developed Markets ex-US Alphadex Fund 20.6 80 -51 7.5 +0.4
VXUS Vanguard Total International Stock ETF 20.6 8 21 6.6 -0.5
EZU iShares MSCI Eurozone ETF 20.5 51 -22 5.9 -1.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 19.4 45 -16 6.0 -1.1
EURZ Xtrackers Eurozone Equity ETF 19.2 9 20 6.4 -0.7
RODE Hartford Multifactor Diversified International ETF 18.9 29 0 10.2 +3.1

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
PGIM QMA Strategic Alpha International Equity 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 8.6 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.54
 
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.