PGIM QMA Strategic Alpha Large-Cap Core ETF
ALTAR
Score™
6.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.4x P/Sales
ratio
1.8x
P/BV
ratio
2.9x Div.
yield
1.8%


  • 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) $12
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 293
Wgt avg mkt cap (mns) $67,934
Large cap (>$10bn) 92.2%
Mid cap ($2-10bn) 7.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TAPESTRY, INC. 0.6 %
TERADYNE INC 0.5 %
APPLIED MATERIALS INC 0.5 %
ZIONS BANCORPORATION 0.5 %
HUNTINGTON BANCSHARES INC 0.5 %
CITIZENS FINANCIAL GROUP, INC. 0.5 %
DISCOVERY COMMUNICATIONS-C 0.5 %
FIFTH THIRD BANCORP 0.5 %
ARISTA NETWORKS, INC. 0.5 %
MORGAN STANLEY 0.5 %
Total 4.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.2 %
IRELAND 2.0 %
SWITZERLAND 0.8 %
BRITAIN 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.2% 9.2% -- -- 12.0%

Market Correlations
versus... Beta R-squared
S&P500 1.08 97%
MSCI EAFE 1.05 88%
MSCI Emg. Mkts. 0.89 75%

Technical Indicators
Recent close $62.06
30d moving avg. $60.48
Annualized volatility 23.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $114,505

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 6.1%


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 56.5 20 -3 5.6 -0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 50.0 18 -1 5.6 -0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 50.0 9 8 5.0 -1.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 49.9 35 -18 5.1 -1.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 49.7 35 -18 5.1 -1.0
FEX First Trust Large Cap Core AlphaDEX Fund 48.3 60 -43 4.7 -1.4
RNLC Large Cap US Equity Select ETF 45.8 60 -43 5.3 -0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 45.0 17 0 5.7 -0.4
JHML John Hancock Multifactor Large Cap ETF 45.0 29 -12 4.9 -1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 44.7 9 8 4.9 -1.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 44.4 60 -43 4.7 -1.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 44.4 29 -12 6.1 +0.0
EUSA iShares MSCI USA Equal Weighted ETF 44.2 15 2 5.1 -1.0
SIZE iShares MSCI USA Size Factor ETF 43.8 15 2 5.2 -1.0
TPLC Timothy Plan US Large Cap Core ETF 42.4 52 -35 4.5 -1.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 42.3 35 -18 5.1 -1.0
VOOV Vanguard S&P 500 Value ETF 42.3 10 7 6.6 +0.5
RBUS Nationwide Risk-Based U.S. Equity ETF 41.7 30 -13 4.6 -1.5
AFLG First Trust Active Factor Large Cap ETF 41.4 55 -38 4.8 -1.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 41.1 30 -13 5.3 -0.8
SPYV SPDR Portfolio S&P 500 Value ETF 40.7 4 13 6.4 +0.3
IVE iShares S&P 500 Value ETF 40.7 18 -1 6.3 +0.2
ONEO SPDR Russell 1000 Momentum Focus ETF 40.3 20 -3 5.6 -0.5
ROUS Hartford Multifactor US Equity ETF 39.9 19 -2 5.9 -0.2
IUSV iShares Core S&P U.S. Value ETF 39.1 4 13 6.4 +0.3
PBP Invesco S&P 500 BuyWrite ETF 38.8 49 -32 4.4 -1.7
QUS SPDR MSCI USA StrategicFactors ETF 38.8 15 2 5.3 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 38.8 20 -3 4.9 -1.2
ESGV Vanguard ESG U.S. Stock ETF 38.7 12 5 4.6 -1.5
VONV Vanguard Russell 1000 Value Index Fund 38.6 8 9 6.1 +0.0
XYLG Global X S&P 500 Covered Call & Growth ETF 38.6 60 -43 4.4 -1.7
RESP WisdomTree US ESG Fund of Benef Interest 38.5 28 -11 5.2 -0.9
SPXT ProShares S&P 500 Ex-Technology ETF 38.5 27 -10 4.9 -1.2
VOO VANGUARD S&P 500 ETF 38.4 3 14 4.9 -1.2
SPLG SPDR Portfolio Large Cap ETF 38.3 3 14 4.8 -1.3
SPY SPDR S&P 500 ETF Trust 38.3 9 8 4.8 -1.3
IVV iShares Core S&P 500 ETF 38.3 3 14 4.8 -1.3
CATH Global X S&P 500 Catholic Values Custom ETF 38.1 29 -12 4.7 -1.5
SPXE ProShares S&P 500 Ex-Energy ETF 37.8 27 -10 4.7 -1.4
EPS WisdomTree U.S. Earnings 500 Fund 37.7 8 9 6.0 -0.1
SCHV Schwab U.S. Large-Cap Value ETF 37.5 4 13 6.1 -0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 37.5 25 -8 5.8 -0.3
IWD iShares Russell 1000 Value ETF 37.5 19 -2 6.0 -0.1
RWL Invesco S&P 500 Revenue ETF 37.4 39 -22 6.3 +0.2
FTA First Trust Large Cap Value AlphaDEX Fund 37.3 60 -43 7.4 +1.3
PRF Invesco FTSE RAFI US 1000 ETF 37.0 39 -22 5.8 -0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 37.0 29 -12 6.0 -0.1
IUS Invesco Strategic US ETF 36.7 19 -2 5.5 -0.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 36.6 20 -3 6.2 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 36.6 2 15 4.7 -1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 36.6 7 10 4.6 -1.5
PBUS Invesco PureBeta MSCI USA ETF 36.5 4 13 4.7 -1.4
JVAL JPMorgan U.S. Value Factor ETF 36.3 12 5 7.2 +1.1
VV Vanguard Large-Cap Index Fund 36.1 4 13 4.7 -1.4
SPTM SPDR Portfolio Total Stock Market ETF 36.0 3 14 4.9 -1.2
SCHX Schwab U.S. Large-Cap ETF 35.9 3 14 4.6 -1.5
VLU SPDR S&P 1500 Value Tilt ETF 35.9 12 5 6.2 +0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 35.7 25 -8 5.7 -0.4
ESGU iShares MSCI USA ESG Optimized ETF 35.6 15 2 4.5 -1.6
SPXN ProShares S&P 500 Ex-Financials ETF 35.5 27 -10 4.5 -1.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 35.3 4 13 4.9 -1.2
SCHK Schwab 1000 Index ETF 35.3 5 12 4.7 -1.4
IWB iShares Russell 1000 ETF 35.2 15 2 4.6 -1.6
IYY iShares Dow Jones U.S. ETF 35.0 20 -3 4.5 -1.6
DFAU Dimensional US Core Equity Market ETF 35.0 12 5 4.7 -1.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 34.9 29 -12 7.3 +1.2
AVUS Avantis U.S. Equity ETF 34.8 15 2 4.9 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 34.7 30 -13 5.1 -1.0
FLQL Franklin LibertyQ U.S. Equity ETF 34.6 15 2 6.0 -0.1
DIVB iShares U.S. Dividend & Buyback ETF 34.6 25 -8 5.9 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.3 20 -3 4.7 -1.4
VTHR Vanguard Russell 3000 Index Fund 34.3 10 7 4.5 -1.6
JMIN JPMorgan U.S. Minimum Volatility ETF 34.2 12 5 5.3 -0.8
VTV Vanguard Value Index Fund 34.0 4 13 6.5 +0.4
KRMA Global X Conscious Companies ETF 33.8 43 -26 4.9 -1.2
SFY SoFi Select 500 ETF 33.8 0 17 4.6 -1.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 33.7 20 -3 6.7 +0.6
JQUA JPMorgan U.S. Quality Factor ETF 33.7 12 5 5.1 -1.0
IWV iShares Russell 3000 ETF 33.6 20 -3 4.4 -1.7
SCHB Schwab U.S. Broad Market ETF 33.6 3 14 4.5 -1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 33.5 3 14 4.5 -1.6
VO Vanguard Mid-Cap Index Fund 33.4 4 13 4.6 -1.5
VONE Vanguard Russell 1000 ETF 33.4 8 9 4.6 -1.5
MGC Vanguard Mega Cap Index Fund 33.2 7 10 4.7 -1.4
VTI Vanguard Total Stock Market Index Fund 33.1 3 14 4.5 -1.6
IQSU IQ Candriam ESG US Equity ETF 33.0 9 8 4.6 -1.5
FAB First Trust Multi Cap Value AlphaDEX Fund 32.7 71 -54 7.5 +1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 32.5 27 -10 4.4 -1.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 32.4 15 2 4.7 -1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 32.4 28 -11 6.2 +0.1
SNPE Xtrackers S&P 500 ESG ETF 32.3 10 7 4.7 -1.4
EFIV SPDR S&P 500 ESG ETF 32.2 10 7 4.7 -1.4
ETHO Etho Climate Leadership U.S. ETF 32.2 47 -30 3.7 -2.4
IWR iShares Russell Midcap ETF 31.6 19 -2 4.7 -1.4
USXF iShares ESG Advanced MSCI USA ETF 31.6 10 7 4.6 -1.5
DTD WisdomTree U.S.Total Dividend Fund 31.3 28 -11 6.3 +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:
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 16.3 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 17 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.49
 
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.