PGIM QMA Strategic Alpha Large-Cap Core ETF
ALTAR
Score™
6.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.2x P/Sales
ratio
1.7x
P/BV
ratio
2.6x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The PGIM QMA Strategic Alpha Large-Cap Core ETF is an actively managed portfolio of US large-cap stocks. The fund seeks long-term growth of capital.

FUND BASICS
Category US Equities
Fund Sponsor PGIM Investments
Website www.pgim.com
Inception date Oct 17, 2018
Assets (mns) $11
Currency USD
Expense ratio 17 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 294
Wgt avg mkt cap (mns) $62,974
Large cap (>$10bn) 88.8%
Mid cap ($2-10bn) 11.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FORD MOTOR CO 0.4 %
TAPESTRY, INC. 0.4 %
IDEXX LABORATORIES INC 0.4 %
ANTHEM INC 0.4 %
CORTEVA INC 0.4 %
QUANTA SERVICES INC 0.4 %
CENTENE CORP 0.4 %
LKQ CORP 0.4 %
T ROWE PRICE GROUP INC 0.4 %
FIFTH THIRD BANCORP 0.4 %
Total 4.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
IRELAND 2.4 %
BRITAIN 1.0 %
SWITZERLAND 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.1% 2.7% -- -- 5.9%

Market Correlations
versus... Beta R-squared
S&P500 1.09 97%
MSCI EAFE 1.19 91%
MSCI Emg. Mkts. 0.88 76%

Technical Indicators
Recent close $55.90
30d moving avg. $54.34
Annualized volatility 23.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $102,450

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the PGIM QMA Strategic Alpha Large-Cap Core ETF ETF based on the alternatives' overlap in portfolio holdings with PQLC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PQLC Expense: 17 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PQLC
Ticker Fund
Name
Overlap1
vs PQLC
(%)
Expense
ratio
(bp)
Savings
vs PQLC
(bp)
ALTAR
Score™
(%)
ALTAR
vs PQLC
(%)
RSP Invesco S&P 500 Equal Weight ETF 57.9 20 -3 6.3 -0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 52.8 9 8 5.7 -0.8
SCIU Global X Scientific Beta US ETF 52.1 19 -2 0.0 -6.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 51.9 18 -1 6.0 -0.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 51.4 35 -18 5.5 -1.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 51.3 35 -18 5.5 -1.1
FEX First Trust Large Cap Core AlphaDEX Fund 49.4 60 -43 5.6 -0.9
RNLC Large Cap US Equity Select ETF 47.2 60 -43 5.9 -0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 46.3 17 0 6.1 -0.4
EUSA iShares MSCI USA Equal Weighted ETF 46.2 15 2 5.9 -0.7
JHML John Hancock Multifactor Large Cap ETF 46.1 29 -12 5.3 -1.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 45.9 35 -18 5.3 -1.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 45.4 9 8 5.3 -1.3
SIZE iShares MSCI USA Size Factor ETF 45.4 15 2 5.8 -0.7
RBUS Nationwide Risk-Based U.S. Equity ETF 44.5 30 -13 4.6 -2.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 44.4 29 -12 7.2 +0.6
TPLC Timothy Plan US Large Cap Core ETF 43.5 52 -35 5.1 -1.5
ONEO SPDR Russell 1000 Momentum Focus ETF 42.3 20 -3 6.2 -0.4
VOOV Vanguard S&P 500 Value ETF 41.9 10 7 7.1 +0.5
AFLG First Trust Active Factor Large Cap ETF 41.1 55 -38 5.2 -1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 40.9 30 -13 6.4 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 40.7 4 13 7.1 +0.6
IVE iShares S&P 500 Value ETF 40.7 18 -1 7.0 +0.4
SPXT ProShares S&P 500 Ex-Technology ETF 40.3 27 -10 5.3 -1.2
ROUS Hartford Multifactor US Equity ETF 40.3 19 -2 6.3 -0.3
HSPX Global X S&P 500 Covered Call ETF 40.2 60 -43 4.7 -1.8
PBP Invesco S&P 500 BuyWrite ETF 39.7 49 -32 4.7 -1.8
XYLG Global X S&P 500 Covered Call & Growth ETF 39.6 60 -43 4.8 -1.8
VONV Vanguard Russell 1000 Value Index Fund 39.3 8 9 6.8 +0.2
SPLG SPDR Portfolio Large Cap ETF 39.3 3 14 5.1 -1.4
IVV iShares Core S&P 500 ETF 39.3 3 14 5.1 -1.4
SPY SPDR S&P 500 ETF Trust 39.3 9 8 5.1 -1.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 39.3 20 -3 5.1 -1.5
IWD iShares Russell 1000 Value ETF 39.2 19 -2 6.7 +0.1
IUSV iShares Core S&P U.S. Value ETF 39.1 4 13 7.2 +0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 39.1 25 -8 6.5 -0.1
VOO VANGUARD S&P 500 ETF 38.9 3 14 5.2 -1.4
SPXE ProShares S&P 500 Ex-Energy ETF 38.8 27 -10 5.0 -1.6
QUS SPDR MSCI USA StrategicFactors ETF 38.7 15 2 5.6 -0.9
EPS WisdomTree U.S. Earnings 500 Fund 38.7 8 9 6.2 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 38.6 4 13 6.6 +0.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 38.6 20 -3 6.7 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 38.5 29 -12 4.9 -1.7
PRF Invesco FTSE RAFI US 1000 ETF 38.5 39 -22 6.6 -0.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 38.4 29 -12 6.6 -0.0
FTA First Trust Large Cap Value AlphaDEX Fund 37.9 60 -43 8.8 +2.2
IUS Invesco Strategic US ETF 37.9 19 -2 6.3 -0.3
RWL Invesco S&P 500 Revenue ETF 37.9 39 -22 7.0 +0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 37.8 7 10 5.0 -1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 37.6 2 15 5.0 -1.6
PBUS Invesco PureBeta MSCI USA ETF 37.6 4 13 5.0 -1.6
VLU SPDR S&P 1500 Value Tilt ETF 37.4 12 5 7.1 +0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 37.4 25 -8 6.5 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 37.3 3 14 5.3 -1.3
EXT WisdomTree U.S. Total Earnings Fund 37.2 28 -11 5.3 -1.3
ESGU iShares MSCI USA ESG Optimized ETF 37.1 15 2 4.8 -1.8
VV Vanguard Large-Cap Index Fund 36.8 4 13 5.0 -1.6
SCHX Schwab U.S. Large-Cap ETF 36.8 3 14 4.9 -1.7
SPXN ProShares S&P 500 Ex-Financials ETF 36.6 27 -10 4.7 -1.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 36.4 4 13 5.1 -1.5
SCHK Schwab 1000 Index ETF 36.2 5 12 5.0 -1.6
JMIN JPMorgan U.S. Minimum Volatility ETF 36.2 12 5 5.4 -1.2
IWB iShares Russell 1000 ETF 36.1 15 2 4.8 -1.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 36.0 20 -3 7.3 +0.8
IYY iShares Dow Jones U.S. ETF 36.0 20 -3 4.8 -1.8
AVUS Avantis U.S. Equity ETF 35.9 15 2 5.4 -1.2
VO Vanguard Mid-Cap Index Fund 35.6 4 13 5.0 -1.6
VONE Vanguard Russell 1000 ETF 35.6 8 9 4.9 -1.7
DIVB iShares U.S. Dividend & Buyback ETF 35.5 25 -8 6.6 +0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 35.1 29 -12 5.8 -0.8
ESGV Vanguard ESG U.S. Stock ETF 35.1 12 5 4.9 -1.7
VTHR Vanguard Russell 3000 Index Fund 35.0 10 7 4.8 -1.8
VTV Vanguard Value Index Fund 35.0 4 13 7.1 +0.6
IWV iShares Russell 3000 ETF 34.8 20 -3 4.7 -1.9
SCHB Schwab U.S. Broad Market ETF 34.8 3 14 4.9 -1.7
JVAL JPMorgan U.S. Value Factor ETF 34.7 12 5 8.1 +1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 34.7 3 14 4.8 -1.8
SFY SoFi Select 500 ETF 34.6 0 17 4.9 -1.7
FLQL Franklin LibertyQ U.S. Equity ETF 34.6 15 2 6.0 -0.6
IWR iShares Russell Midcap ETF 34.6 19 -2 5.3 -1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 34.3 75 -58 3.7 -2.9
VTI Vanguard Total Stock Market Index Fund 33.9 3 14 4.8 -1.7
IWS iShares Russell Mid-Cap Value ETF 33.8 24 -7 6.7 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 33.8 12 5 5.2 -1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 33.7 28 -11 6.3 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 33.7 20 -3 4.7 -1.9
SPXV ProShares S&P 500 Ex-Health Care ETF 33.5 27 -10 4.8 -1.8
IQSU IQ Candriam ESG US Equity ETF 33.5 9 8 4.9 -1.7
MGC Vanguard Mega Cap Index Fund 33.3 7 10 4.9 -1.6
DTD WisdomTree U.S.Total Dividend Fund 33.2 28 -11 6.5 -0.1
BFOR Barron's 400 ETF 33.1 65 -48 6.3 -0.3
JHMM John Hancock Multifactor Mid Cap ETF 33.0 42 -25 5.3 -1.3
ETHO Etho Climate Leadership U.S. ETF 32.9 47 -30 4.2 -2.4
FAB First Trust Multi Cap Value AlphaDEX Fund 32.8 71 -54 9.2 +2.6
USDY Pacific Global US Equity Income ETF 32.7 29 -12 7.0 +0.4
EFIV SPDR S&P 500 ESG ETF 32.3 10 7 4.9 -1.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 32.3 24 -7 5.9 -0.7
SNPE Xtrackers S&P 500 ESG ETF 32.3 10 7 4.8 -1.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 32.0 12 5 4.5 -2.1
DGRO iShares Core Dividend Growth ETF 31.9 8 9 6.5 -0.1

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

  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 Large-Cap Core 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 16.0 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 17 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.51
 
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.