PGIM QMA Strategic Alpha International Equity
ALTAR
Score™
7.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
14.3x P/Sales
ratio
0.8x
P/BV
ratio
1.3x 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) $38
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 490
Wgt avg mkt cap (mns) $24,185
Large cap (>$10bn) 56.6%
Mid cap ($2-10bn) 42.8%
Small cap (<$2bn) 0.6%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
GVC HOLDINGS PLC 0.3 %
MITSUBISHI TANABE PHARMA 0.3 %
PADDY POWER PLC 0.3 %
SUMCO CORP 0.3 %
STMICROELECTRONICS NV 0.3 %
SUNDRUG CO LTD 0.3 %
SEKISUI HOUSE LTD 0.3 %
EISAI CO LTD 0.3 %
PERSIMMON PLC 0.3 %
DAI NIPPON PRINTING CO LTD 0.2 %
Total 2.7 %

TOP COUNTRY EXPOSURE
JAPAN 39.9 %
FRANCE 8.2 %
GERMANY 7.1 %
BRITAIN 6.9 %
AUSTRALIA 5.2 %
SWEDEN 4.3 %
SWITZERLAND 4.1 %
HONG KONG 3.5 %
NETHERLANDS 2.4 %
SPAIN 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
15.5% -- -- -- 15.5%

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

Technical Indicators
Recent close $53.58
30d moving avg. $53.86
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $27,694

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the PGIM QMA Strategic Alpha International Equity 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™: 7.2%


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 MSCI Int'l Developed Size Factor 50.1 30 -1 6.7 -0.5
CIL Victory CEMP International Volatility Wtd 46.5 45 -16 6.9 -0.3
CIZ Compass EMP Dev. 500 Enhanced Vol. Wgt. 46.5 45 -16 6.9 -0.3
JHMD John Hancock Multifactor Developed International 43.9 45 -16 7.1 -0.1
GSIE Goldman Sachs ActiveBeta Int'l Equity 43.5 25 4 6.5 -0.7
REFA Invesco International Revenue ETF 42.7 42 -13 8.6 +1.5
EFA iShares MSCI EAFE 42.2 31 -2 6.9 -0.3
QEFA SPDR MSCI EAFE Quality Mix 41.7 30 -1 6.6 -0.6
ESGD iShares MSCI EAFE ESG Optimized 41.6 20 9 6.8 -0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free 41.4 20 9 7.0 -0.2
DBEF Xtrackers MSCI EAFE Hedged 41.3 35 -6 6.9 -0.3
HFXI IQ 50 Percent Hedged FTSE Int'l 41.1 20 9 7.2 +0.1
IQIN IQ 500 International 39.1 25 4 8.3 +1.1
PBDM Invesco PureBeta FTSE Developed ex-North America 38.7 7 22 7.4 +0.2
DEEF Xtrackers FTSE Dev ex-US Comprehensive Factor 38.7 24 5 7.0 -0.2
IEFA iShares Core MSCI EAFE 38.3 7 22 7.0 -0.2
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 37.9 35 -6 7.8 +0.6
FNDF Schwab Fundamental Intl Large Cap 37.8 25 4 7.5 +0.3
PXF Invesco FTSE-RAFI Developed ex-US 37.5 45 -16 8.1 +0.9
PDEV Principal International Multi-Factor Core Index 37.3 25 4 6.6 -0.6

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
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 1.2 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.70 CATEGORY
AVERAGE
1.63
 
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.