PGIM QMA Strategic Alpha Small-Cap Growth
ALTAR
Score™
1.1% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
52.2x P/Sales
ratio
1.3x
P/BV
ratio
2.5x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The PGIM QMA Strategic Alpha Small-Cap Growth ETF is an actively managed portfolio of US small-cap growth equities.

FUND BASICS
Category US Equities
Fund Sponsor PGIM Investments
Website www.pgim.com
Inception date Nov 13, 2018
Assets (mns) $11
Currency USD
Expense ratio 29 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 564
Wgt avg mkt cap (mns) $1,521
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 29.4%
Small cap (<$2bn) 70.6%
Developed mkts 99.9%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ATRECA, INC. CLASS A 0.2 %
MCBC HOLDINGS INC 0.2 %
LOGICBIO THERAPEUTICS, INC. 0.2 %
INTEGRATED ELECTRICAL SERVIC 0.2 %
COHEN & STEERS INC 0.2 %
PLEXUS CORP 0.2 %
NATIONAL VISION HOLDINGS, INC. 0.2 %
AMN HEALTHCARE SERVICES INC 0.2 %
INSTALLED BUILDING PRODUCTS 0.2 %
BOISE CASCADE CO 0.2 %
Total 2.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.4 %
BERMUDA 1.0 %
BRITAIN 0.7 %
CANADA 0.5 %
MONACO 0.3 %
IRELAND 0.2 %
PUERTO RICO 0.2 %
BRITISH VIRGIN ISLANDS 0.2 %
CAYMAN ISLANDS 0.2 %
LUXEMBOURG 0.2 %

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.
22.7% 22.7% -- -- 8.2%

Market Correlations
versus... Beta R-squared
S&P500 1.24 92%
MSCI EAFE 1.57 88%
MSCI Emg. Mkts. 1.06 66%

Technical Indicators
Recent close $54.01
30d moving avg. $54.32
Annualized volatility 21.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $7,439

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the PGIM QMA Strategic Alpha Small-Cap Growth ETF based on the alternatives' overlap in portfolio holdings with PQSG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PQSG Expense: 29 bp ALTAR Score™: 1.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PQSG
Ticker Fund
Name
Overlap1
vs PQSG
(%)
Expense
ratio
(bp)
Savings
vs PQSG
(bp)
ALTAR
Score™
(%)
ALTAR
vs PQSG
(%)
IWO iShares Russell 2000 Growth 43.4 24 5 0.8 -0.4
VTWG Vanguard Russell 2000 Growth 42.6 20 9 0.8 -0.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 40.4 20 9 5.6 +4.5
IWM iShares Russell 2000 36.6 19 10 3.5 +2.4
VTWO Vanguard Russell 2000 35.9 15 14 3.6 +2.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 34.9 29 0 4.7 +3.6
EWSC Invesco S&P Small Cap 600 Equal Weight 33.2 40 -11 5.6 +4.5
CSF Compass EMP US Discovery 500 Enhanced Vol. 30.2 35 -6 7.1 +6.0
CSA Victory CEMP US Small Cap Volatility Wtd 30.2 35 -6 7.0 +5.9
ISMD Inspire Small/Mid Cap Impact 29.7 61 -32 4.8 +3.7
TPSC Timothy Plan US Small Cap Core 28.8 52 -23 6.7 +5.6
IJR iShares Core S&P Small-Cap 28.7 7 22 6.1 +5.0
SLY SPDR S&P 600 Small Cap 28.6 15 14 6.0 +4.9
VIOO Vanguard S&P Small-Cap 600 28.2 15 14 5.8 +4.7
FLQS Franklin LibertyQ U.S. Small Cap Equity 27.2 35 -6 6.0 +4.9
FYX First Trust Small Cap Core Alphadex 27.1 66 -37 5.4 +4.3
SPSM SPDR Portfolio Small Cap 27.0 5 24 4.7 +3.5
PRFZ Invesco FTSE-RAFI Small-Mid 1500 27.0 39 -10 4.7 +3.5
SCHA Schwab U.S. Small-Cap 26.4 4 25 4.8 +3.7
IJT iShares S&P 600 SmallCap Growth 26.2 25 4 4.5 +3.4

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 Small-Cap Growth
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 3.4 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 1.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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