PGIM QMA Strategic Alpha Large-Cap Core ETF
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.2x P/Sales
ratio
1.7x
P/BV
ratio
2.7x Div.
yield
1.9%


  • 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 286
Wgt avg mkt cap (mns) $83,647
Large cap (>$10bn) 89.5%
Mid cap ($2-10bn) 10.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ADVANCED MICRO DEVICES 0.5 %
PERKINELMER INC 0.4 %
LABORATORY CRP OF AMER HLDGS 0.4 %
QUEST DIAGNOSTICS 0.4 %
VARIAN MEDICAL SYSTEMS INC 0.4 %
HOLOGIC INC 0.4 %
DANAHER CORP 0.4 %
WEST PHARMACEUTICAL SERVICES 0.4 %
THERMO FISHER SCIENTIFIC INC 0.4 %
BEST BUY CO INC 0.4 %
Total 4.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.4 %
IRELAND 2.7 %
BRITAIN 1.1 %
SWITZERLAND 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.9% 1.2% -- -- 5.3%

Market Correlations
versus... Beta R-squared
S&P500 1.13 99%
MSCI EAFE 1.22 92%
MSCI Emg. Mkts. 0.87 76%

Technical Indicators
Recent close $53.46
30d moving avg. $51.56
Annualized volatility 24.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $144,033

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™: 6.3%


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 57.7 20 -3 6.5 +0.2
SCIU Global X Scientific Beta US ETF 56.2 19 -2 5.6 -0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 52.1 9 8 5.8 -0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 51.6 18 -1 6.0 -0.3
RBUS Nationwide Risk-Based U.S. Equity ETF 50.5 30 -13 4.6 -1.7
FEX First Trust Large Cap Core AlphaDEX Fund 50.4 60 -43 5.8 -0.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 49.0 35 -18 5.6 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 47.6 9 8 5.3 -1.0
JHML John Hancock Multifactor Large Cap ETF 47.5 29 -12 5.4 -1.0
RNLC Large Cap US Equity Select ETF 46.4 60 -43 6.1 -0.3
EUSA iShares MSCI USA Equal Weighted ETF 45.3 15 2 6.0 -0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 45.3 17 0 6.2 -0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 44.7 35 -18 5.2 -1.1
SIZE iShares Edge MSCI USA Size Factor ETF 44.6 15 2 6.1 -0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 44.3 30 -13 6.3 -0.0
AFLG First Trust Active Factor Large Cap ETF 42.7 55 -38 5.3 -1.0
PBP Invesco S&P 500 BuyWrite ETF 42.7 49 -32 4.8 -1.5
HSPX Global X S&P 500 Covered Call ETF 42.1 65 -48 4.7 -1.7
SPY SPDR S&P 500 ETF Trust 41.8 9 8 5.2 -1.2
SPLG SPDR Portfolio Large Cap ETF 41.8 3 14 5.2 -1.1
SPXE ProShares S&P 500 Ex-Energy ETF 41.8 27 -10 5.1 -1.2
IVV iShares Core S&P 500 ETF 41.8 4 13 5.2 -1.1
VOO VANGUARD S&P 500 ETF 41.7 3 14 5.2 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 41.6 20 -3 5.1 -1.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 41.5 29 -12 7.8 +1.5
ONEO SPDR Russell 1000 Momentum Focus ETF 41.2 20 -3 6.2 -0.1
PBUS Invesco PureBeta MSCI USA ETF 40.5 4 13 5.1 -1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 40.5 2 15 5.1 -1.2
SPXN ProShares S&P 500 Ex-Financials ETF 40.4 27 -10 4.8 -1.6
EXT WisdomTree U.S. Total Earnings Fund 40.3 28 -11 5.0 -1.3
QUS SPDR MSCI USA StrategicFactors ETF 40.2 15 2 5.7 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 40.2 15 2 4.9 -1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 40.1 7 10 5.0 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 40.0 27 -10 5.4 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 40.0 3 14 5.3 -1.0
SCHX Schwab U.S. Large-Cap ETF 39.9 3 14 5.1 -1.2
VV Vanguard Large-Cap Index Fund 39.9 4 13 5.0 -1.3
CATH Global X S&P 500 Catholic Values Custom ETF 39.6 29 -12 5.0 -1.3
EPS WisdomTree U.S. Earnings 500 Fund 39.5 8 9 6.3 -0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 39.5 25 -8 6.2 -0.1
IUS Invesco Strategic US ETF 39.5 19 -2 6.3 -0.0
SPYV SPDR Portfolio S&P 500 Value ETF 39.4 4 13 7.3 +0.9
IVE iShares S&P 500 Value ETF 39.4 18 -1 7.1 +0.8
VOOV Vanguard S&P 500 Value ETF 39.3 15 2 7.1 +0.8
SCHK Schwab 1000 Index ETF 39.2 5 12 5.1 -1.3
PRF Invesco FTSE RAFI US 1000 ETF 39.1 39 -22 6.6 +0.3
VONE Vanguard Russell 1000 ETF 39.0 8 9 5.0 -1.3
IYY iShares Dow Jones U.S. ETF 39.0 20 -3 5.0 -1.3
IWB iShares Russell 1000 ETF 38.9 15 2 4.9 -1.4
AVUS Avantis U.S. Equity ETF 38.8 15 2 5.5 -0.8
RWL Invesco S&P 500 Revenue ETF 38.6 39 -22 7.0 +0.7
FLQL Franklin LibertyQ U.S. Equity ETF 38.3 15 2 6.0 -0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 38.1 25 -8 6.2 -0.1
SFY SoFi Select 500 ETF 38.1 0 17 5.0 -1.3
ROUS Hartford Multifactor US Equity ETF 38.1 19 -2 7.0 +0.7
SCHB Schwab U.S. Broad Market ETF 38.0 3 14 5.0 -1.3
IUSV iShares Core S&P U.S. Value ETF 38.0 4 13 7.3 +1.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 38.0 20 -3 7.4 +1.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 37.9 3 14 5.0 -1.3
IWV iShares Russell 3000 ETF 37.7 20 -3 4.8 -1.5
VTHR Vanguard Russell 3000 Index Fund 37.7 10 7 4.9 -1.4
VONV Vanguard Russell 1000 Value Index Fund 37.7 8 9 6.9 +0.6
IWD iShares Russell 1000 Value ETF 37.7 19 -2 6.8 +0.5
VLU SPDR S&P 1500 Value Tilt ETF 37.6 12 5 7.2 +0.9
VTI Vanguard Total Stock Market Index Fund 37.3 3 14 4.9 -1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 36.8 29 -12 6.7 +0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 36.6 29 -12 5.8 -0.5
MGC Vanguard Mega Cap Index Fund 36.5 7 10 5.0 -1.3
JQUA JPMorgan U.S. Quality Factor ETF 36.3 12 5 5.2 -1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 35.8 12 5 4.4 -1.9
JMIN JPMorgan U.S. Minimum Volatility ETF 35.8 12 5 5.4 -1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 35.7 75 -58 3.8 -2.6
USMF WisdomTree U.S. Multifactor Fund 35.7 28 -11 5.3 -1.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 35.6 4 13 5.4 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 35.5 27 -10 4.8 -1.5
DIVB iShares U.S. Dividend & Buyback ETF 35.5 25 -8 6.4 +0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.4 20 -3 4.7 -1.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 35.1 20 -3 6.8 +0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 35.0 0 17 4.9 -1.4
ESGV Vanguard ESG U.S. Stock ETF 35.0 12 5 4.9 -1.4
IWL iShares Russell Top 200 ETF 34.9 15 2 4.8 -1.6
IQSU IQ Candriam ESG US Equity ETF 34.8 9 8 4.9 -1.4
ETHO Etho Climate Leadership U.S. ETF 34.8 47 -30 4.2 -2.1
SNPE Xtrackers S&P 500 ESG ETF 34.1 11 6 4.9 -1.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 33.8 25 -8 6.3 -0.1
VO Vanguard Mid-Cap Index Fund 33.5 4 13 5.1 -1.2
VTV Vanguard Value Index Fund 33.3 4 13 7.3 +1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 33.2 9 8 5.5 -0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 33.2 49 -32 3.8 -2.5
TOK iShares MSCI Kokusai ETF 33.0 25 -8 5.4 -0.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 33.0 34 -17 4.7 -1.6
SPYG SPDR Portfolio S&P 500 Growth ETF 32.5 4 13 4.2 -2.2
VOOG Vanguard S&P 500 Growth ETF 32.5 10 7 4.1 -2.2
SCHV Schwab U.S. Large-Cap Value ETF 32.5 4 13 7.1 +0.7
IVW iShares S&P 500 Growth ETF 32.5 18 -1 4.0 -2.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 32.5 15 2 6.0 -0.3
JVAL JPMorgan U.S. Value Factor ETF 32.4 12 5 8.5 +2.2
KRMA Global X Conscious Companies ETF 32.4 43 -26 5.0 -1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 32.3 28 -11 6.3 -0.1
DSI iShares MSCI KLD 400 Social ETF 32.3 25 -8 5.0 -1.3

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

  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

Content on this tab for subscribers only

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 16.1 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 17 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.52
 
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.