PGIM QMA Strategic Alpha Large-Cap Core
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.9x P/Sales
ratio
1.5x
P/BV
ratio
2.4x Div.
yield
2.1%


  • 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 284
Wgt avg mkt cap (mns) $77,796
Large cap (>$10bn) 90.3%
Mid cap ($2-10bn) 9.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TARGET CORP 0.5 %
LKQ CORP 0.5 %
XEROX CORP 0.4 %
PVH CORP 0.4 %
QORVO INC 0.4 %
BROWN-FORMAN CORP-CLASS B 0.4 %
SEAGATE TECHNOLOGY 0.4 %
CENTURYTEL INC 0.4 %
BIOGEN IDEC INC 0.4 %
BORGWARNER INC 0.4 %
Total 4.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.2 %
IRELAND 2.2 %
BRITAIN 2.0 %
SWITZERLAND 0.7 %
BERMUDA 0.4 %






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.
25.9% -- -- -- 13.3%

Market Correlations
versus... Beta R-squared
S&P500 1.07 98%
MSCI EAFE 1.32 87%
MSCI Emg. Mkts. 0.98 68%

Technical Indicators
Recent close $54.98
30d moving avg. $54.76
Annualized volatility 18.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $93,102

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the PGIM QMA Strategic Alpha Large-Cap Core 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™: 7.0%


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 56.2 20 -3 6.8 -0.2
SCIU Global X Scientific Beta US 51.9 19 -2 5.7 -1.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 50.7 9 8 6.0 -1.0
JPUS JPMorgan Diversified Return U.S. Equity 49.6 19 -2 6.3 -0.7
FEX First Trust Large Cap Core Alphadex 49.5 61 -44 6.4 -0.6
RNLC Large Cap US Equity Select 48.3 60 -43 6.3 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 48.2 9 8 6.1 -0.9
JHML John Hancock Multifactor Large Cap 46.8 34 -17 6.0 -1.1
DYNF BlackRock U.S. Equity Factor Rotation 45.3 30 -13 6.5 -0.5
RBUS Nationwide Risk-Based U.S. Equity 45.2 30 -13 6.1 -0.9
EUSA iShares MSCI USA Equal Weight 44.4 15 2 6.4 -0.6
SIZE iShares MSCI USA Size Factor 44.1 15 2 6.3 -0.7
CFA Compass EMP US 500 Volatility Weighted 43.9 35 -18 6.1 -1.0
CFO Victory CEMP US 500 Enhanced Volatility Wtd 43.9 35 -18 6.1 -0.9
SPXT ProShares S&P 500 Ex-Technology 43.8 27 -10 6.0 -1.1
PBP Invesco S&P 500 Buy/Write 43.1 49 -32 5.5 -1.6
HSPX Global X S&P 500 Covered Call 43.0 65 -48 5.3 -1.7
SPY S&P 500 SPDR 42.8 9 8 5.9 -1.1
IVV iShares Core S&P 500 42.8 4 13 5.9 -1.1
VOO Vanguard S&P 500 ETF 42.8 3 14 6.0 -1.0

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

  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

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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 Large-Cap Core
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 15.6 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 17 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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