PGIM QMA Strategic Alpha International Equity ETF
ALTAR
Score™
8.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.0x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
3.2%


  • 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) $33
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 469
Wgt avg mkt cap (mns) $19,341
Large cap (>$10bn) 48.5%
Mid cap ($2-10bn) 50.6%
Small cap (<$2bn) 0.8%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
VICINITY CENTRES 0.3 %
OCADO GROUP PLC 0.3 %
ZALANDO SE 0.3 %
GVC HOLDINGS PLC 0.3 %
SCENTRE GROUP 0.3 %
STOCKLAND 0.3 %
FORTESCUE METALS GROUP LTD 0.3 %
SARTORIUS AG PREF 0.3 %
HUSQVARNA AB CLASS B 0.3 %
UNITED INTERNET AG-REG SHARE 0.3 %
Total 3.0 %

TOP COUNTRY EXPOSURE
JAPAN 40.1 %
GERMANY 8.2 %
FRANCE 7.0 %
BRITAIN 6.9 %
SWEDEN 4.4 %
HONG KONG 4.0 %
SWITZERLAND 3.8 %
AUSTRALIA 3.5 %
NETHERLANDS 2.4 %
DENMARK 2.3 %

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.
-17.6% -12.3% -- -- -2.2%

Market Correlations
versus... Beta R-squared
S&P500 0.86 90%
MSCI EAFE 0.94 98%
MSCI Emg. Mkts. 0.73 89%

Technical Indicators
Recent close $47.39
30d moving avg. $44.21
Annualized volatility 19.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $28,503

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.5%


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
(%)
ISZE iShares Edge MSCI Intl Size Factor ETF 47.9 30 -1 7.5 -1.1
CIL VictoryShares International Volatility Weighted Index ETF 40.0 45 -16 7.2 -1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 40.0 25 4 7.3 -1.3
JHMD John Hancock Multifactor Developed International ETF 40.0 45 -16 8.0 -0.6
EWJE iShares MSCI Japan Equal Weighted ETF 39.3 15 14 7.5 -1.0
EFA iShares MSCI EAFE ETF 38.1 32 -3 7.7 -0.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 37.8 20 9 7.7 -0.8
HFXI IQ 50 Percent Hedged FTSE International ETF 37.5 20 9 8.1 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 37.4 35 -6 7.5 -1.0
IQIN IQ 500 International ETF 36.6 25 4 9.9 +1.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 36.5 24 5 7.7 -0.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 35.3 7 22 8.1 -0.4
QEFA SPDR MSCI EAFE Quality Mix ETF 34.9 30 -1 7.2 -1.4
ESGD iShares MSCI EAFE ESG Optimized ETF 34.7 20 9 7.7 -0.8
FNDF Schwab Fundamental International Large Co. Index ETF 34.6 25 4 9.4 +0.9
IEFA iShares Core MSCI EAFE ETF 34.4 7 22 7.8 -0.7
PDEV Principal International Multi-Factor Core Index ETF 34.2 25 4 8.4 -0.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 34.0 48 -19 0.0 -8.5
DIM WisdomTree International MidCap Dividend Fund 34.0 58 -29 8.2 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 33.4 39 -10 7.1 -1.4
SCHF Schwab International Equity ETF 33.4 6 23 7.9 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 33.3 45 -16 9.6 +1.1
SPDW SPDR Portfolio Developed World ex-US ETF 32.8 4 25 7.7 -0.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 32.4 35 -6 9.1 +0.6
DWM WisdomTree International Equity Fund 32.4 48 -19 8.8 +0.3
IDEV iShares Core MSCI International Developed Markets ETF 32.1 5 24 7.8 -0.8
JPIN JPMorgan Diversified Return International Equity ETF 31.4 38 -9 8.5 -0.1
IQSI IQ Candriam ESG International Equity ETF 31.4 15 14 7.8 -0.7
TPIF Timothy Plan International ETF 31.1 62 -33 7.5 -1.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 31.1 25 4 8.1 -0.4
JPGE JPMorgan Diversified Return Global Equity ETF 31.1 29 0 7.8 -0.7
EFG iShares MSCI EAFE Growth ETF 30.5 40 -11 5.0 -3.5
VEA Vanguard FTSE Developed Markets ETF 30.4 5 24 8.0 -0.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 30.3 35 -6 9.1 +0.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 30.1 45 -16 7.6 -1.0
SCID Global X Scientific Beta Europe ETF 29.9 38 -9 7.4 -1.1
EWJ iShares MSCI Japan ETF 29.8 49 -20 7.9 -0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 29.7 25 4 7.1 -1.4
BBJP JPMorgan BetaBuilders Japan ETF 29.6 19 10 8.2 -0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 29.3 45 -16 8.0 -0.6
QJPN SPDR MSCI Japan StrategicFactors ETF 29.0 14 15 8.5 -0.1
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 29.0 30 -1 8.1 -0.4
JPEU JPMorgan Diversified Return Europe Equity ETF 28.9 37 -8 7.3 -1.2
FLJP Franklin FTSE Japan ETF 28.9 9 20 8.3 -0.2
IPAC iShares Core MSCI Pacific ETF 28.7 9 20 8.0 -0.5
EFV iShares MSCI EAFE Value ETF 28.7 39 -10 10.8 +2.3
FLJH Franklin FTSE Japan Hedged ETF 28.5 9 20 8.3 -0.2
ACWX iShares MSCI ACWI ex U.S. ETF 28.5 32 -3 8.0 -0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 28.4 14 15 7.4 -1.1
JPXN iShares JPX-Nikkei 400 ETF 27.9 48 -19 7.9 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 27.7 40 -11 7.9 -0.6
IDY Pacific Global International Equity Income ETF 27.6 39 -10 9.4 +0.9
IVLU iShares Edge MSCI Intl Value Factor ETF 27.6 30 -1 12.0 +3.5
ISDX Invesco Strategic Developed ex-US ETF 27.5 23 6 8.1 -0.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 27.4 9 20 8.4 -0.2
QINT American Century Quality Diversified International ETF 27.2 39 -10 6.3 -2.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 27.1 29 0 9.2 +0.7
CWI SPDR MSCI ACWI ex-US ETF 27.0 30 -1 8.1 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 26.8 8 21 8.3 -0.2
DWMF WisdomTree International Multifactor Fund 26.7 38 -9 7.2 -1.3
VPL Vanguard FTSE Pacific ETF 26.7 8 21 8.4 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 26.6 45 -16 7.1 -1.4
BBEU JPMorgan BetaBuilders Europe ETF 26.4 9 20 7.8 -0.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 26.4 30 -1 7.3 -1.2
FLEE Franklin FTSE Europe ETF 26.3 9 20 7.5 -1.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 26.3 30 -1 5.2 -3.4
SCIJ Global X Scientific Beta Japan ETF 26.1 39 -10 7.6 -1.0
FLEH Franklin FTSE Europe Hedged ETF 25.9 9 20 7.5 -1.0
RBIN Nationwide Risk-Based International Equity ETF 25.7 42 -13 6.8 -1.8
IEV iShares Europe ETF 25.7 59 -30 7.3 -1.2
IEUR iShares Core MSCI Europe ETF 25.6 9 20 7.8 -0.7
IXUS ishares Core MSCI Total International Stock ETF 25.4 9 20 8.1 -0.4
VGK Vanguard FTSE Europe ETF 24.9 8 21 7.9 -0.7
AVDE Avantis International Equity ETF 24.9 23 6 8.5 -0.0
VXUS Vanguard Total International Stock Index Fund 24.8 8 21 8.3 -0.2
FEU SPDR Portfolio Europe ETF 24.8 9 20 7.8 -0.8
DOL WisdomTree International LargeCap Dividend Fund 24.4 48 -19 9.1 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 24.1 39 -10 9.8 +1.2
VSGX Vanguard ESG International Stock ETF 23.8 17 12 7.9 -0.6
RNDM Developed International Equity Select ETF 23.3 65 -36 6.8 -1.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 23.0 20 9 6.1 -2.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 22.9 16 13 7.5 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 22.7 45 -16 7.3 -1.2
IDLV Invesco S&P International Developed Low Volatility ETF 22.3 25 4 7.2 -1.3
RFDI First Trust Riverfront Dynamic Developed International ETF 21.3 83 -54 6.8 -1.8
EZU iShares MSCI Eurozone ETF 20.8 49 -20 7.3 -1.2
FDT First Trust Developed Markets ex-US Alphadex Fund 20.2 80 -51 8.3 -0.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 19.9 30 -1 6.6 -2.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 19.7 45 -16 7.3 -1.3
EURZ Xtrackers Eurozone Equity ETF 19.6 9 20 7.6 -0.9
JPMV iShares Edge MSCI Min Vol Japan ETF 19.5 30 -1 7.3 -1.3
FDEV Fidelity Targeted International Factor ETF 19.4 39 -10 6.9 -1.6
DTH WisdomTree DEFA Equity Income Fund 19.2 58 -29 10.3 +1.8
DXJ WisdomTree Japan Hedged Equity Fund 19.2 48 -19 8.9 +0.4
EWJV iShares MSCI Japan Value ETF 19.1 15 14 11.6 +3.1
KLDW Gavekal Knowledge Leaders Developed World ETF 19.1 75 -46 5.0 -3.5
VYMI Vanguard International High Dividend Yield ETF 18.5 32 -3 10.8 +2.3
INTF iShares Edge MSCI Multifactor Intl ETF 17.4 30 -1 8.8 +0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 17.1 80 -51 6.3 -2.2

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:
PGIM QMA Strategic Alpha International Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.3 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.58
 
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.