PGIM QMA Strategic Alpha Small-Cap Growth ETF
ALTAR
Score™
1.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
95.9x P/Sales
ratio
1.2x
P/BV
ratio
2.2x Div.
yield
1.5%


  • 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) $10
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 541
Wgt avg mkt cap (mns) $1,520
Large cap (>$10bn) 0.3%
Mid cap ($2-10bn) 27.9%
Small cap (<$2bn) 71.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MACROGENICS INC 0.7 %
DOMO, INC. CLASS B 0.5 %
DIGITAL TURBINE, INC. 0.4 %
IMMUNOMEDICS INC 0.4 %
PROTAGONIST THERAPEUTICS, INC. 0.4 %
MCBC HOLDINGS INC 0.4 %
QUIDEL CORP 0.4 %
ZYNEX, INC. 0.3 %
ALLOGENE THERAPEUTICS, INC. 0.3 %
MEI PHARMA INC 0.3 %
Total 4.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
BERMUDA 1.3 %
BRITAIN 0.6 %
CANADA 0.5 %
CAYMAN ISLANDS 0.3 %
LUXEMBOURG 0.2 %
PUERTO RICO 0.2 %
MONACO 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.3% -5.1% -- -- -2.8%

Market Correlations
versus... Beta R-squared
S&P500 1.35 94%
MSCI EAFE 1.48 93%
MSCI Emg. Mkts. 1.15 83%

Technical Indicators
Recent close $47.80
30d moving avg. $46.98
Annualized volatility 30.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $10,730

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™: 1.8%


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
(%)
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 40.9 20 9 6.0 +4.2
VTWG Vanguard Russell 2000 Growth Index Fund 40.7 15 14 0.8 -1.0
CSML IQ Chaikin U.S. Small Cap ETF 35.6 35 -6 4.2 +2.4
VTWO Vanguard Russell 2000 Index Fund 35.5 10 19 3.7 +1.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 35.3 29 0 5.6 +3.8
IWO iShares Russell 2000 Growth ETF 35.1 24 5 0.8 -1.0
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 34.6 40 -11 6.7 +5.0
IWM iShares Russell 2000 ETF 34.0 19 10 3.6 +1.8
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 32.0 35 -6 8.3 +6.5
TPSC Timothy Plan US Small Cap Core ETF 31.3 52 -23 8.3 +6.5
SLY SPDR S&P 600 Small Cap ETF 30.5 15 14 7.0 +5.3
SPSM SPDR Portfolio Small Cap ETF 30.5 5 24 7.1 +5.4
IJR iShares Core S&P Small Cap ETF 30.4 7 22 7.1 +5.3
VIOO Vanguard S&P Small-Cap 600 ETF 30.3 10 19 7.2 +5.4
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 29.3 35 -6 8.3 +6.5
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 28.1 29 0 9.7 +7.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 27.3 16 13 5.2 +3.4
SLYG SPDR S&P 600 Small Cap Growth ETF 27.1 15 14 5.3 +3.5
IJT iShares S&P Small-Cap 600 Growth ETF 27.1 25 4 5.1 +3.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 26.8 39 -10 4.2 +2.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 26.3 35 -6 6.4 +4.6
SCHA Schwab U.S. Small-Cap ETF 26.1 4 25 4.7 +2.9
SSLY Syntax Stratified SmallCap ETF 25.1 30 -1 6.2 +4.4
EES WisdomTree SmallCap Earnings Fund 25.0 38 -9 11.6 +9.8
FYX First Trust Small Cap Core AlphaDEX Fund 24.9 63 -34 6.6 +4.8
BKSE BNY Mellon US Small Cap Core Equity ETF 24.9 4 25 5.7 +3.9
AFSM First Trust Active Factor Small Cap ETF 24.0 75 -46 5.7 +3.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 23.7 30 -1 7.8 +6.0
FSMD Fidelity Small-Mid Factor ETF 22.4 29 0 7.0 +5.2
PSC Principal U.S. Small Cap Index ETF 22.0 38 -9 7.1 +5.3
IUSS Invesco Strategic US Small Company ETF 22.0 23 6 5.5 +3.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 21.8 6 23 5.3 +3.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 21.7 17 12 5.2 +3.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 21.6 39 -10 7.7 +5.9
IWN iShares Russell 2000 Value ETF 21.3 24 5 7.3 +5.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.0 24 5 7.2 +5.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 19.8 25 4 6.7 +4.9
DES WisdomTree U.S. SmallCap Dividend Fund 19.5 38 -9 8.8 +7.0
RNSC Small Cap US Equity Select ETF 19.4 60 -31 7.7 +5.9
IWC iShares Micro-Cap ETF 19.3 60 -31 -3.8 -5.6
NUSC Nuveen ESG Small-Cap ETF 19.2 40 -11 5.4 +3.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 19.0 12 17 7.8 +6.0
ISMD Inspire Small/Mid Cap Impact ETF 18.8 60 -31 6.5 +4.8
SLYV SPDR S&P 600 Small Cap Value ETF 18.8 15 14 9.3 +7.5
IJS iShares S&P Small-cap 600 Value ETF 18.8 25 4 9.2 +7.4
VFQY Vanguard U.S. Quality Factor ETF 18.7 13 16 6.0 +4.2
FYC First Trust Small Cap Growth AlphaDEX Fund 18.6 70 -41 2.5 +0.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 18.6 15 14 9.6 +7.8
ROGS Hartford Multifactor Global Small Cap ETF 18.1 34 -5 7.9 +6.1
SQLV Legg Mason Small-Cap Quality Value 17.4 62 -33 7.8 +6.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 16.8 38 -9 9.0 +7.3
VBK Vanguard Small-Cap Growth Index Fund 16.5 7 22 2.4 +0.6
VB Vanguard Small-Cap ETF 16.5 5 24 5.4 +3.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 16.2 20 9 4.7 +2.9
JHSC John Hancock Multifactor Small Cap ETF 16.2 42 -13 5.9 +4.1
VTWV Vanguard Russell 2000 Value Index Fund 15.7 15 14 7.4 +5.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 15.3 66 -37 2.5 +0.7
JKK iShares Morningstar Small-Cap Growth ETF 15.2 30 -1 1.1 -0.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.1 35 -6 5.9 +4.2
VFMF Vanguard U.S. Multifactor ETF 14.8 19 10 7.2 +5.4
VFLQ Vanguard U.S. Liquidity Factor ETF 14.8 14 15 4.7 +2.9
VXF Vanguard Extended Market Index Fund 14.3 7 22 3.7 +2.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 14.1 39 -10 7.6 +5.8
DWAS Invesco DWA SmallCap Momentum ETF 13.8 60 -31 -1.1 -2.9
AVUV Avantis U.S. Small Cap Value ETF 13.4 25 4 9.3 +7.5
VBR Vanguard Small Cap Value Index Fund 13.1 7 22 8.4 +6.6
FNX First Trust Mid Cap Core AlphaDEX Fund 12.4 61 -32 6.4 +4.6
JSML Janus Henderson Small Cap Growth Alpha ETF 12.3 30 -1 7.6 +5.8
EZM WisdomTree U.S. MidCap Earnings Fund 11.9 38 -9 9.2 +7.4
JKJ iShares Morningstar Small-Cap ETF 11.8 25 4 6.7 +4.9
BFOR Barron's 400 ETF 11.6 65 -36 6.3 +4.5
FYT First Trust Small Cap Value AlphaDEX Fund 11.2 72 -43 9.5 +7.7
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.9 20 9 9.4 +7.6
VFMO Vanguard U.S. Momentum Factor ETF 10.7 13 16 1.1 -0.7
XSHQ Invesco S&P SmallCap Quality ETF 10.4 29 0 6.7 +4.9
PXSG Invesco S&P SmallCap Momentum ETF 10.4 39 -10 5.0 +3.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 10.2 40 -11 7.2 +5.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 10.0 30 -1 5.7 +3.9
BTEC Principal Healthcare Innovators Index ETF 9.9 42 -13 -2.4 -4.2
SMDY Syntax Stratified MidCap ETF 9.3 30 -1 6.4 +4.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 9.2 70 -41 2.1 +0.3
MDY SPDR S&P Midcap 400 ETF Trust 9.1 23 6 6.4 +4.6
IJH iShares Core S&P Mid-Cap ETF 9.1 6 23 6.6 +4.8
SPMD SPDR Portfolio Mid Cap ETF 9.0 5 24 6.6 +4.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 9.0 7 22 5.5 +3.7
XSLV Invesco S&P SmallCap Low Volatility ETF 9.0 25 4 6.0 +4.2
TUSA First Trust Total US Market AlphaDEX ETF 8.8 70 -41 5.9 +4.1
XSW SPDR S&P Software & Services ETF 8.6 35 -6 4.0 +2.2
SFYX Sofi Next 500 ETF 8.5 0 29 5.9 +4.2
CALF Pacer US Small Cap Cash Cows 100 ETF 8.3 59 -30 13.2 +11.4
BUY USCF SummerHaven SHPEI Index Fund 8.2 80 -51 10.1 +8.3
IVOO Vanguard S&P Mid-Cap 400 ETF 8.1 10 19 6.5 +4.7
RNMC Mid Cap US Equity Select ETF 8.1 60 -31 7.7 +5.9
KOMP SPDR Kensho New Economies Composite ETF 7.9 20 9 2.5 +0.7
IJK iShares S&P Mid-Cap 400 Growth ETF 7.9 24 5 4.9 +3.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 7.9 15 14 5.0 +3.2
VFVA Vanguard U.S. Value Factor ETF 7.9 14 15 11.5 +9.7
PSCH Invesco S&P SmallCap Health Care ETF 7.6 29 0 3.0 +1.2
FAB First Trust Multi Cap Value AlphaDEX Fund 7.4 71 -42 9.5 +7.8
AFMC First Trust Active Factor Mid Cap ETF 7.4 65 -36 6.3 +4.5

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 4.4 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 1.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.