PGIM QMA Strategic Alpha Large-Cap Core ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.0x P/Sales
ratio
1.6x
P/BV
ratio
2.2x Div.
yield
2.2%


  • 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) $10
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 281
Wgt avg mkt cap (mns) $71,656
Large cap (>$10bn) 84.3%
Mid cap ($2-10bn) 15.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DIAMONDBACK ENERGY INC 0.5 %
ABIOMED INC 0.5 %
HOLOGIC INC 0.5 %
PAYPAL HOLDINGS INC 0.5 %
MARATHON PETROLEUM 0.5 %
CBS CORP-CLASS B NON VOTING 0.4 %
VALERO ENERGY CORP 0.4 %
PHILLIPS 66 0.4 %
ALEXION PHARMACEUTICALS INC 0.4 %
AUTODESK INC 0.4 %
Total 4.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.5 %
IRELAND 2.5 %
BRITAIN 1.1 %
SWITZERLAND 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.3% 3.3% -- -- 1.8%

Market Correlations
versus... Beta R-squared
S&P500 1.14 99%
MSCI EAFE 1.23 93%
MSCI Emg. Mkts. 0.95 80%

Technical Indicators
Recent close $51.63
30d moving avg. $47.56
Annualized volatility 25.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $151,085

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™: 6.8%


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 55.3 20 -3 6.6 -0.2
FEX First Trust Large Cap Core AlphaDEX Fund 49.3 60 -43 5.9 -0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 48.8 9 8 5.8 -1.0
SCIU Global X Scientific Beta US ETF 47.1 19 -2 5.7 -1.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 46.8 29 -12 7.0 +0.3
EUSA iShares MSCI USA Equal Weighted ETF 45.4 15 2 6.0 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 44.8 19 -2 6.1 -0.7
JHML John Hancock Multifactor Large Cap ETF 44.8 34 -17 5.5 -1.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 44.5 9 8 5.6 -1.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 44.5 35 -18 5.7 -1.1
SIZE iShares Edge MSCI USA Size Factor ETF 44.2 15 2 5.8 -1.0
RNLC Large Cap US Equity Select ETF 44.0 60 -43 6.0 -0.8
PBP Invesco S&P 500 BuyWrite ETF 41.6 49 -32 5.1 -1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 40.9 30 -13 6.6 -0.1
HSPX Global X S&P 500 Covered Call ETF 40.7 65 -48 4.9 -1.9
RBUS Nationwide Risk-Based U.S. Equity ETF 40.2 30 -13 5.1 -1.7
AFLG First Trust Active Factor Large Cap ETF 39.8 55 -38 5.6 -1.2
SPLG SPDR Portfolio Large Cap ETF 39.6 3 14 5.5 -1.3
SPXE ProShares S&P 500 Ex-Energy ETF 39.6 27 -10 5.4 -1.4
IVV iShares Core S&P 500 ETF 39.6 4 13 5.5 -1.3
SPY SPDR S&P 500 ETF Trust 39.5 9 8 5.4 -1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 39.5 20 -3 5.5 -1.3
VOO VANGUARD S&P 500 ETF 39.5 3 14 5.5 -1.3
SPYV SPDR Portfolio S&P 500 Value ETF 39.0 4 13 7.2 +0.4
IVE iShares S&P 500 Value ETF 39.0 18 -1 7.0 +0.2
EXT WisdomTree U.S. Total Earnings Fund 38.9 28 -11 5.7 -1.0
VOOV Vanguard S&P 500 Value ETF 38.9 15 2 7.1 +0.3
VLU SPDR S&P 1500 Value Tilt ETF 38.6 12 5 7.1 +0.4
VV Vanguard Large-Cap Index Fund 38.5 4 13 5.3 -1.5
PBUS Invesco PureBeta MSCI USA ETF 38.5 4 13 5.3 -1.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 38.5 2 15 5.4 -1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 38.3 25 -8 6.4 -0.4
RWL Invesco S&P 500 Revenue ETF 38.3 39 -22 6.7 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 38.0 39 -22 6.6 -0.2
SPXT ProShares S&P 500 Ex-Technology ETF 37.9 27 -10 5.6 -1.2
SCHX Schwab U.S. Large-Cap ETF 37.9 3 14 5.4 -1.4
SPTM SPDR Portfolio Total Stock Market ETF 37.7 3 14 5.6 -1.2
IUSV iShares Core S&P U.S. Value ETF 37.6 4 13 7.2 +0.5
SPXN ProShares S&P 500 Ex-Financials ETF 37.6 27 -10 5.1 -1.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 37.5 17 0 6.4 -0.4
CATH Global X S&P 500 Catholic Values Custom ETF 37.5 29 -12 5.3 -1.5
EPS WisdomTree U.S. Earnings 500 Fund 37.5 8 9 6.4 -0.4
IWB iShares Russell 1000 ETF 37.2 15 2 5.2 -1.6
SCHK Schwab 1000 Index ETF 37.1 5 12 5.3 -1.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 37.0 25 -8 6.4 -0.4
ROUS Hartford Multifactor US Equity ETF 37.0 19 -2 7.1 +0.3
AVUS Avantis U.S. Equity ETF 37.0 15 2 5.7 -1.1
VONE Vanguard Russell 1000 ETF 37.0 8 9 5.3 -1.5
ESGU iShares MSCI USA ESG Optimized ETF 36.9 15 2 5.1 -1.7
SFY SoFi Select 500 ETF 36.9 0 17 5.3 -1.5
IYY iShares Dow Jones U.S. ETF 36.9 20 -3 5.2 -1.6
IUS Invesco Strategic US ETF 36.8 19 -2 6.2 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 36.5 15 2 5.8 -1.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 36.2 35 -18 5.7 -1.1
VTI Vanguard Total Stock Market Index Fund 36.1 3 14 5.2 -1.6
SCHB Schwab U.S. Broad Market ETF 36.0 3 14 5.3 -1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 35.9 3 14 5.2 -1.6
IWV iShares Russell 3000 ETF 35.9 20 -3 5.1 -1.7
ONEO SPDR Russell 1000 Momentum Focus ETF 35.8 20 -3 6.4 -0.4
VTHR Vanguard Russell 3000 Index Fund 35.8 10 7 5.2 -1.6
ETHO Etho Climate Leadership U.S. ETF 35.7 47 -30 4.3 -2.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.4 20 -3 5.0 -1.8
MGC Vanguard Mega Cap Index Fund 35.4 7 10 5.3 -1.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 35.1 29 -12 6.5 -0.3
FTA First Trust Large Cap Value AlphaDEX Fund 35.1 60 -43 8.6 +1.8
IQSU IQ Candriam ESG US Equity ETF 34.7 9 8 5.3 -1.5
IWD iShares Russell 1000 Value ETF 34.2 19 -2 6.9 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 34.1 25 -8 6.3 -0.4
VONV Vanguard Russell 1000 Value Index Fund 33.9 8 9 7.0 +0.2
ESGV Vanguard ESG U.S. Stock ETF 33.9 12 5 5.3 -1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 33.7 12 5 5.1 -1.7
RNDV US Equity Dividend Select ETF 33.6 50 -33 7.4 +0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 33.0 15 2 6.2 -0.5
SNPE Xtrackers S&P 500 ESG ETF 33.0 11 6 5.2 -1.6
VTV Vanguard Value Index Fund 32.9 4 13 7.1 +0.4
IWL iShares Russell Top 200 ETF 32.8 15 2 5.1 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 32.8 25 -8 6.1 -0.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 32.8 20 -3 7.5 +0.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.6 29 -12 6.1 -0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 32.6 27 -10 5.1 -1.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 32.4 75 -58 3.7 -3.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 32.3 20 -3 6.8 +0.1
TPLC Timothy Plan US Large Cap Core ETF 31.9 52 -35 5.3 -1.5
VO Vanguard Mid-Cap Index Fund 31.9 4 13 5.4 -1.4
TUSA First Trust Total US Market AlphaDEX ETF 31.5 70 -53 5.9 -0.9
SCHV Schwab U.S. Large-Cap Value ETF 31.5 4 13 6.9 +0.1
JMIN JPMorgan U.S. Minimum Volatility ETF 31.5 12 5 5.8 -1.0
JVAL JPMorgan U.S. Value Factor ETF 31.4 12 5 8.5 +1.7
IWR iShares Russell Midcap ETF 31.3 19 -2 5.6 -1.2
TOK iShares MSCI Kokusai ETF 31.3 25 -8 5.7 -1.1
KRMA Global X Conscious Companies ETF 31.3 43 -26 5.2 -1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 31.1 60 -43 4.6 -2.2
IWS iShares Russell Mid-Cap Value ETF 31.0 24 -7 6.9 +0.2
DSI iShares MSCI KLD 400 Social ETF 30.9 25 -8 5.2 -1.5
EQAL Invesco Russell 1000 Equal Weight ETF 30.8 20 -3 4.9 -1.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 30.6 49 -32 4.2 -2.6
DLN WisdomTree U.S. LargeCap Dividend Fund 30.5 28 -11 6.3 -0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 30.5 10 7 5.4 -1.4
SUSL iShares ESG MSCI USA Leaders ETF 30.5 10 7 5.4 -1.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 30.3 34 -17 5.2 -1.6

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%.

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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 14.7 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 17 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.53
 
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.