PGIM QMA Strategic Alpha Small-Cap Growth ETF
ALTAR
Score™
0.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
73.1x P/Sales
ratio
1.5x
P/BV
ratio
3.2x Div.
yield
1.1%


  • 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 537
Wgt avg mkt cap (mns) $1,526
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 29.9%
Small cap (<$2bn) 66.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
REPLIMUNE GROUP, INC. 0.3 %
MYOKARDIA, INC. 0.3 %
ENDO INTERNATIONAL PLC 0.3 %
AKEBIA THERAPEUTICS INC 0.3 %
IDT CORPORATION CLASS B 0.3 %
GOPRO INC CLASS A 0.3 %
ZENTALIS PHARMACEUTICALS, INC. 0.2 %
ADURO BIOTECH, INC. 0.2 %
RETRACTABLE TECHNOLOGIES INC 0.2 %
NEW AGE BEVERAGES CORP 0.2 %
Total 2.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
BRITAIN 0.8 %
BERMUDA 0.6 %
IRELAND 0.5 %
CANADA 0.4 %
LUXEMBOURG 0.2 %
ISRAEL 0.2 %
PUERTO RICO 0.2 %
CAYMAN ISLANDS 0.2 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.4% 1.1% -- -- -0.7%

Market Correlations
versus... Beta R-squared
S&P500 1.29 92%
MSCI EAFE 1.46 93%
MSCI Emg. Mkts. 1.10 80%

Technical Indicators
Recent close $52.60
30d moving avg. $50.46
Annualized volatility 28.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $7,723

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the PGIM QMA Strategic Alpha Small-Cap Growth ETF 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™: 0.2%


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 ETF 42.5 24 5 -0.1 -0.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 42.5 20 9 4.7 +4.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 39.5 29 0 4.9 +4.7
VTWG Vanguard Russell 2000 Growth Index Fund 39.3 15 14 0.1 -0.1
IWM iShares Russell 2000 ETF 37.4 19 10 3.3 +3.1
VTWO Vanguard Russell 2000 Index Fund 37.0 10 19 3.5 +3.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 34.8 35 -6 7.7 +7.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 32.5 40 -11 7.1 +7.0
CSML IQ Chaikin U.S. Small Cap ETF 31.5 35 -6 3.8 +3.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 31.3 35 -6 7.8 +7.7
TPSC Timothy Plan US Small Cap Core ETF 30.6 52 -23 7.9 +7.7
VIOO Vanguard S&P Small-Cap 600 ETF 29.6 10 19 6.8 +6.7
SPSM SPDR Portfolio Small Cap ETF 29.2 5 24 6.9 +6.8
SLY SPDR S&P 600 Small Cap ETF 29.1 15 14 6.8 +6.6
IJR iShares Core S&P Small Cap ETF 29.1 6 23 6.9 +6.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 28.8 35 -6 5.8 +5.7
SCHA Schwab U.S. Small-Cap ETF 27.1 4 25 4.6 +4.5
SSLY Syntax Stratified SmallCap ETF 26.9 30 -1 6.4 +6.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 25.9 16 13 5.2 +5.1
SLYG SPDR S&P 600 Small Cap Growth ETF 25.9 15 14 5.3 +5.1
IJT iShares S&P Small-Cap 600 Growth ETF 25.9 25 4 5.4 +5.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 25.1 39 -10 4.5 +4.3
FSMD Fidelity Small-Mid Factor ETF 25.0 29 0 6.1 +6.0
AFSM First Trust Active Factor Small Cap ETF 24.1 75 -46 5.3 +5.2
FYX First Trust Small Cap Core AlphaDEX Fund 23.9 63 -34 6.0 +5.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.7 24 5 6.3 +6.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 22.6 30 -1 7.4 +7.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 22.5 29 0 5.7 +5.5
BKSE BNY Mellon US Small Cap Core Equity ETF 22.1 4 25 5.6 +5.4
EES WisdomTree SmallCap Earnings Fund 21.8 38 -9 10.0 +9.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 21.8 17 12 4.7 +4.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 21.5 6 23 5.0 +4.8
IUSS Invesco Strategic US Small Company ETF 20.6 23 6 5.1 +4.9
PSC Principal U.S. Small Cap Index ETF 20.0 38 -9 6.7 +6.5
FYC First Trust Small Cap Growth AlphaDEX Fund 20.0 70 -41 1.8 +1.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 19.8 39 -10 6.8 +6.7
ISMD Inspire Small/Mid Cap Impact ETF 19.5 60 -31 4.8 +4.7
ROGS Hartford Multifactor Global Small Cap ETF 19.1 34 -5 8.0 +7.8
IWC iShares Micro-Cap ETF 18.9 60 -31 -3.8 -4.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 18.9 25 4 7.2 +7.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 18.6 12 17 7.5 +7.3
DES WisdomTree U.S. SmallCap Dividend Fund 18.2 38 -9 8.3 +8.2
NUSC Nuveen ESG Small-Cap ETF 17.9 40 -11 4.7 +4.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 17.2 20 9 4.6 +4.5
IWN iShares Russell 2000 Value ETF 17.2 24 5 6.7 +6.5
VBK Vanguard Small-Cap Growth Index Fund 17.1 7 22 2.2 +2.1
JKK iShares Morningstar Small-Cap Growth ETF 17.0 30 -1 1.0 +0.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 16.9 15 14 8.7 +8.6
IJS iShares S&P Small-cap 600 Value ETF 16.7 25 4 8.8 +8.6
SLYV SPDR S&P 600 Small Cap Value ETF 16.7 15 14 8.7 +8.5
VFMF Vanguard U.S. Multifactor ETF 16.5 19 10 7.2 +7.0
RNSC Small Cap US Equity Select ETF 16.4 60 -31 7.0 +6.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 16.2 66 -37 2.2 +2.1
SQLV Legg Mason Small-Cap Quality Value 15.8 62 -33 6.2 +6.1
JHSC John Hancock Multifactor Small Cap ETF 15.5 42 -13 5.5 +5.3
VFQY Vanguard U.S. Quality Factor ETF 15.3 13 16 6.3 +6.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 14.8 38 -9 8.3 +8.1
VB Vanguard Small-Cap ETF 14.7 5 24 5.1 +5.0
VFLQ Vanguard U.S. Liquidity Factor ETF 14.7 14 15 4.1 +4.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 14.1 35 -6 5.7 +5.5
BFOR Barron's 400 ETF 13.7 65 -36 6.3 +6.2
JKJ iShares Morningstar Small-Cap ETF 13.7 25 4 6.3 +6.1
VTWV Vanguard Russell 2000 Value Index Fund 13.7 15 14 6.9 +6.7
PXSG Invesco S&P SmallCap Momentum ETF 13.5 39 -10 3.7 +3.5
FNX First Trust Mid Cap Core AlphaDEX Fund 13.2 61 -32 6.3 +6.1
VFMO Vanguard U.S. Momentum Factor ETF 13.0 13 16 0.7 +0.5
AVUV Avantis U.S. Small Cap Value ETF 12.4 25 4 7.9 +7.7
VXF Vanguard Extended Market Index Fund 12.4 6 23 3.4 +3.3
DWAS Invesco DWA SmallCap Momentum ETF 12.3 60 -31 -2.0 -2.2
VBR Vanguard Small Cap Value Index Fund 11.7 7 22 7.9 +7.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 11.6 40 -11 7.2 +7.0
XSLV Invesco S&P SmallCap Low Volatility ETF 11.6 25 4 5.5 +5.4
JSML Janus Henderson Small Cap Growth Alpha ETF 11.4 30 -1 7.8 +7.6
EZM WisdomTree U.S. MidCap Earnings Fund 11.3 38 -9 8.6 +8.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 10.7 70 -41 2.0 +1.9
SMDY Syntax Stratified MidCap ETF 10.7 30 -1 6.6 +6.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.7 20 9 9.1 +8.9
MDY SPDR S&P Midcap 400 ETF Trust 10.2 23 6 6.2 +6.1
SPMD SPDR Portfolio Mid Cap ETF 10.2 5 24 6.4 +6.3
IJH iShares Core S&P Mid-Cap ETF 10.2 5 24 6.4 +6.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 10.0 30 -1 5.4 +5.3
IBBJ Defiance Nasdaq Junior Biotechnology ETF 10.0 45 -16 -2.0 -2.2
IVOO Vanguard S&P Mid-Cap 400 ETF 9.5 10 19 6.2 +6.0
FYT First Trust Small Cap Value AlphaDEX Fund 9.3 72 -43 9.4 +9.3
XSHQ Invesco S&P SmallCap Quality ETF 9.3 29 0 6.6 +6.4
IJK iShares S&P Mid-Cap 400 Growth ETF 9.2 24 5 4.8 +4.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 9.2 15 14 4.9 +4.7
XSW SPDR S&P Software & Services ETF 9.1 35 -6 4.3 +4.2
BTEC Principal Healthcare Innovators Index ETF 8.9 42 -13 -2.2 -2.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 8.6 15 14 4.8 +4.7
KOMP SPDR Kensho New Economies Composite ETF 8.5 20 9 2.2 +2.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 8.4 39 -10 6.4 +6.2
AFMC First Trust Active Factor Mid Cap ETF 8.4 65 -36 6.2 +6.0
RNMC Mid Cap US Equity Select ETF 8.1 60 -31 7.4 +7.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.9 80 -51 5.7 +5.5
PSCT Invesco S&P SmallCap Information Technology ETF 7.9 29 0 5.7 +5.5
BBC Virtus LifeSci Biotech Clinical Trials ETF 7.7 79 -50 0.0 -0.2
TUSA First Trust Total US Market AlphaDEX ETF 7.6 70 -41 5.6 +5.4
SFYX Sofi Next 500 ETF 7.5 0 29 5.7 +5.6
RWK Invesco S&P MidCap 400 Revenue ETF 7.4 39 -10 7.9 +7.7

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 Small-Cap Growth ETF
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 1.4 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 0.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.51
 
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.