PGIM QMA Strategic Alpha Small-Cap Growth ETF
ALTAR
Score™
0.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
28.0x P/Sales
ratio
0.7x
P/BV
ratio
1.5x Div.
yield
2.4%


  • 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) $7
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) $1,223
Large cap (>$10bn) 0.5%
Mid cap ($2-10bn) 20.9%
Small cap (<$2bn) 78.6%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
ADURO BIOTECH, INC. 0.5 %
CYTOSORBENTS CORPORATION 0.5 %
TELADOC INC 0.4 %
QUIDEL CORP 0.4 %
TRANSLATE BIO, INC. 0.3 %
CORE-MARK HOLDING CO INC 0.3 %
BJ'S WHOLESALE CLUB HOLDINGS, INC. 0.3 %
B&G FOODS INC-CLASS A 0.3 %
PETMED EXPRESS INC 0.3 %
COGENT COMMUNICATIONS HOLDINGS INC 0.3 %
Total 3.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.7 %
BERMUDA 1.0 %
BRITAIN 0.7 %
CANADA 0.5 %
BRITISH VIRGIN ISLANDS 0.3 %
MONACO 0.3 %
CAYMAN ISLANDS 0.2 %
PUERTO RICO 0.2 %
IRELAND 0.1 %
LUXEMBOURG 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-32.0% -26.4% -- -- -20.1%

Market Correlations
versus... Beta R-squared
S&P500 1.34 93%
MSCI EAFE 1.40 93%
MSCI Emg. Mkts. 1.14 83%

Technical Indicators
Recent close $34.65
30d moving avg. $41.69
Annualized volatility 28.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 30

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 1.12%
ADV underlying (mns) $10,402

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™: 0.0%


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
(%)
VTWG Vanguard Russell 2000 Growth Index Fund 42.1 15 14 1.8 +1.8
IWO iShares Russell 2000 Growth ETF 42.0 24 5 1.6 +1.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 38.0 20 9 9.7 +9.7
VTWO Vanguard Russell 2000 Index Fund 36.3 10 19 5.8 +5.8
IWM iShares Russell 2000 ETF 36.3 19 10 5.7 +5.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 35.5 29 0 8.5 +8.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 35.2 40 -11 8.7 +8.7
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 30.4 39 -10 8.7 +8.7
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 30.4 35 -6 11.6 +11.6
ISMD Inspire Small/Mid Cap Impact ETF 29.9 61 -32 7.6 +7.6
IJR iShares Core S&P Small Cap ETF 29.6 7 22 9.6 +9.6
SPSM SPDR Portfolio Small Cap ETF 29.6 5 24 9.6 +9.6
SLY SPDR S&P 600 Small Cap ETF 29.6 15 14 9.5 +9.5
VIOO Vanguard S&P Small-Cap 600 ETF 29.3 10 19 9.6 +9.5
TPSC Timothy Plan US Small Cap Core ETF 28.7 52 -23 10.9 +10.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 27.3 35 -6 9.1 +9.1
SLYG SPDR S&P 600 Small Cap Growth ETF 27.2 15 14 7.5 +7.5
IJT iShares S&P Small-Cap 600 Growth ETF 27.2 25 4 7.4 +7.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 27.0 16 13 7.5 +7.5
SCHA Schwab U.S. Small-Cap ETF 26.8 4 25 7.5 +7.5
FYX First Trust Small Cap Core AlphaDEX Fund 26.3 63 -34 9.1 +9.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 26.2 39 -10 6.4 +6.3
FSMD Fidelity Small-Mid Factor ETF 24.8 29 0 9.9 +9.9
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 24.0 29 0 12.6 +12.6
EES WisdomTree SmallCap Earnings Fund 23.0 38 -9 19.2 +19.2
PSC Principal U.S. Small Cap Index ETF 22.9 38 -9 11.1 +11.0
IUSS Invesco Strategic US Small Company ETF 22.8 23 6 9.0 +8.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 22.5 6 23 8.0 +8.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.9 24 5 11.1 +11.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 21.8 30 -1 10.7 +10.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 21.8 17 12 7.3 +7.2
AFSM First Trust Active Factor Small Cap ETF 21.5 75 -46 10.6 +10.6
RNSC Small Cap US Equity Select ETF 21.2 60 -31 9.5 +9.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 20.8 39 -10 9.7 +9.6
DES WisdomTree U.S. SmallCap Dividend Fund 20.5 38 -9 12.7 +12.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 20.1 12 17 10.6 +10.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 19.8 25 4 9.6 +9.6
FYC First Trust Small Cap Growth AlphaDEX Fund 18.6 70 -41 3.7 +3.7
IWC iShares Micro-Cap ETF 18.3 60 -31 -5.5 -5.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 18.3 38 -9 13.4 +13.4
NUSC Nuveen ESG Small-Cap ETF 18.1 40 -11 7.6 +7.6
VFQY Vanguard U.S. Quality Factor ETF 18.0 13 16 8.5 +8.5
ROGS Hartford Multifactor Global Small Cap ETF 17.8 34 -5 11.7 +11.7
JHSC John Hancock Multifactor Small Cap ETF 17.8 50 -21 8.6 +8.6
VBK Vanguard Small-Cap Growth Index Fund 17.3 7 22 3.9 +3.9
VB Vanguard Small-Cap ETF 17.1 5 24 8.1 +8.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 17.0 20 9 7.8 +7.8
JKK iShares Morningstar Small-Cap Growth ETF 17.0 30 -1 2.3 +2.3
SQLV Legg Mason Small-Cap Quality Value 16.9 62 -33 12.2 +12.2
SLYV SPDR S&P 600 Small Cap Value ETF 16.9 15 14 12.2 +12.2
IJS iShares S&P Small-cap 600 Value ETF 16.8 25 4 12.1 +12.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 16.8 15 14 12.2 +12.2
SCAP AdvisorShares Cornerstone Small Cap ETF 16.0 90 -61 8.1 +8.1
IWN iShares Russell 2000 Value ETF 15.7 24 5 10.3 +10.3
VTWV Vanguard Russell 2000 Value Index Fund 15.6 15 14 10.5 +10.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.4 35 -6 9.8 +9.8
JKJ iShares Morningstar Small-Cap ETF 15.1 25 4 9.0 +9.0
VXF Vanguard Extended Market Index Fund 14.8 7 22 5.9 +5.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 14.6 66 -37 4.2 +4.2
DWAS Invesco DWA SmallCap Momentum ETF 14.4 60 -31 1.1 +1.1
AVUV Avantis U.S. Small Cap Value ETF 14.2 25 4 13.8 +13.8
VBR Vanguard Small Cap Value Index Fund 14.1 7 22 12.0 +12.0
VFLQ Vanguard U.S. Liquidity Factor ETF 13.0 13 16 5.5 +5.5
VFMF Vanguard U.S. Multifactor ETF 12.8 18 11 10.9 +10.9
BFOR Barron's 400 ETF 12.7 66 -37 9.1 +9.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 12.6 20 9 10.3 +10.3
VFMO Vanguard U.S. Momentum Factor ETF 12.2 13 16 4.7 +4.7
EZM WisdomTree U.S. MidCap Earnings Fund 12.1 38 -9 13.8 +13.8
FYT First Trust Small Cap Value AlphaDEX Fund 12.0 72 -43 13.6 +13.6
XSHQ Invesco S&P SmallCap Quality ETF 11.7 29 0 8.0 +8.0
PXSG Invesco S&P SmallCap Momentum ETF 11.2 39 -10 7.4 +7.4
CSML IQ Chaikin U.S. Small Cap ETF 11.2 35 -6 13.4 +13.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 11.1 40 -11 9.7 +9.7
JSML Janus Henderson Small Cap Growth Alpha ETF 11.0 35 -6 9.5 +9.5
FNX First Trust Mid Cap Core AlphaDEX Fund 10.8 61 -32 10.1 +10.1
SMDY Syntax Stratified MidCap ETF 9.9 30 -1 9.1 +9.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 9.6 70 -41 4.5 +4.5
MDY SPDR S&P Midcap 400 ETF Trust 9.5 23 6 8.9 +8.9
SPMD SPDR Portfolio Mid Cap ETF 9.5 5 24 9.1 +9.1
IJH iShares Core S&P Mid-Cap ETF 9.5 6 23 9.1 +9.1
IVOO Vanguard S&P Mid-Cap 400 ETF 9.5 10 19 9.0 +9.0
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 8.7 48 -19 8.8 +8.8
AFMC First Trust Active Factor Mid Cap ETF 8.6 65 -36 9.7 +9.6
PSCH Invesco S&P SmallCap Health Care ETF 8.5 29 0 4.2 +4.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 8.5 35 -6 7.9 +7.9
TUSA First Trust Total US Market AlphaDEX ETF 8.4 70 -41 9.4 +9.3
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 8.3 35 -6 10.9 +10.9
BTEC Principal Healthcare Innovators Index ETF 8.2 42 -13 -5.2 -5.2
XSW SPDR S&P Software & Services ETF 7.9 35 -6 5.3 +5.3
RNMC Mid Cap US Equity Select ETF 7.6 60 -31 10.0 +10.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 7.5 15 14 6.7 +6.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 7.5 15 14 6.7 +6.7
IJK iShares S&P Mid-Cap 400 Growth ETF 7.5 24 5 6.7 +6.6
RWK Invesco S&P MidCap 400 Revenue ETF 7.4 39 -10 11.7 +11.7
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 7.3 125 -96 -2.9 -2.9
KOMP SPDR Kensho New Economies Composite ETF 7.3 20 9 2.8 +2.8
PSCT Invesco S&P SmallCap Information Technology ETF 7.3 29 0 7.7 +7.7
BUY USCF SummerHaven SHPEI Index Fund 7.1 80 -51 18.4 +18.4
XSLV Invesco S&P SmallCap Low Volatility ETF 6.9 25 4 11.6 +11.6
FAB First Trust Multi Cap Value AlphaDEX Fund 6.5 71 -42 13.3 +13.3

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%.

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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 0.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 0.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.