PGIM QMA Strategic Alpha Small-Cap Value ETF
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.6x P/Sales
ratio
0.9x
P/BV
ratio
1.1x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The PGIM QMA Strategic Alpha Small-Cap Value ETF is an actively managed portfolio of US small-ap value 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 777
Wgt avg mkt cap (mns) $940
Large cap (>$10bn) 0.2%
Mid cap ($2-10bn) 12.8%
Small cap (<$2bn) 86.1%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
TRANSOCEAN LTD 0.2 %
ENTRAVISION COMMUNICATIONS-A 0.2 %
MESA AIR GROUP INC 0.2 %
NABORS INDUSTRIES LTD 0.2 %
EMERALD EXPOSITIONS EVENTS, INC. 0.2 %
NEW AGE BEVERAGES CORP 0.2 %
RYERSON HOLDING CORP 0.2 %
ALPHA & OMEGA SEMICONDUCTOR 0.2 %
META FINANCIAL GROUP INC 0.2 %
TEXAS CAPITAL BANCSHARES INC 0.2 %
Total 2.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
BERMUDA 1.2 %
BRITAIN 0.5 %
PUERTO RICO 0.4 %
IRELAND 0.4 %
MONACO 0.3 %
SWITZERLAND 0.2 %
CAYMAN ISLANDS 0.2 %
LUXEMBOURG 0.1 %
ISRAEL 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.6% -16.0% -- -- -7.8%

Market Correlations
versus... Beta R-squared
S&P500 1.29 81%
MSCI EAFE 1.49 85%
MSCI Emg. Mkts. 1.18 79%

Technical Indicators
Recent close $50.46
30d moving avg. $45.27
Annualized volatility 29.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $5,021

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the PGIM QMA Strategic Alpha Small-Cap Value ETF ETF based on the alternatives' overlap in portfolio holdings with PQSV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PQSV Expense: 29 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PQSV
Ticker Fund
Name
Overlap1
vs PQSV
(%)
Expense
ratio
(bp)
Savings
vs PQSV
(bp)
ALTAR
Score™
(%)
ALTAR
vs PQSV
(%)
IWN iShares Russell 2000 Value ETF 45.1 24 5 5.7 +0.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 39.7 39 -10 4.7 -0.7
VTWV Vanguard Russell 2000 Value Index Fund 39.5 15 14 5.8 +0.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 36.2 40 -11 6.1 +0.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 36.0 20 9 4.2 -1.2
CSML IQ Chaikin U.S. Small Cap ETF 32.8 35 -6 3.5 -1.9
EES WisdomTree SmallCap Earnings Fund 32.7 38 -9 8.8 +3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 32.0 39 -10 4.1 -1.3
IWM iShares Russell 2000 ETF 31.8 19 10 2.9 -2.5
VTWO Vanguard Russell 2000 Index Fund 31.5 10 19 3.0 -2.4
IWC iShares Micro-Cap ETF 30.0 60 -31 -3.7 -9.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 29.0 35 -6 6.8 +1.4
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 28.5 35 -6 7.0 +1.6
DES WisdomTree U.S. SmallCap Dividend Fund 28.4 38 -9 7.4 +2.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 28.0 29 0 4.4 -1.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 27.9 25 4 6.2 +0.8
SPSM SPDR Portfolio Small Cap ETF 27.9 5 24 6.3 +0.9
SLY SPDR S&P 600 Small Cap ETF 27.9 15 14 6.2 +0.8
IJR iShares Core S&P Small Cap ETF 27.9 6 23 6.3 +0.9
TPSC Timothy Plan US Small Cap Core ETF 27.8 52 -23 6.5 +1.1
SSLY Syntax Stratified SmallCap ETF 27.6 30 -1 5.6 +0.2
VIOO Vanguard S&P Small-Cap 600 ETF 27.5 10 19 6.1 +0.7
IJS iShares S&P Small-cap 600 Value ETF 27.1 25 4 7.6 +2.2
SLYV SPDR S&P 600 Small Cap Value ETF 27.0 15 14 7.7 +2.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 26.9 15 14 7.5 +2.1
IUSS Invesco Strategic US Small Company ETF 26.7 23 6 4.4 -1.0
STSB iShares Factors US Small Blend Style ETF 25.1 35 -6 2.9 -2.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 24.9 39 -10 5.7 +0.3
FYX First Trust Small Cap Core AlphaDEX Fund 24.3 63 -34 6.4 +1.0
AVUV Avantis U.S. Small Cap Value ETF 22.4 25 4 6.9 +1.5
SCHA Schwab U.S. Small-Cap ETF 22.3 4 25 4.1 -1.3
RNSC Small Cap US Equity Select ETF 21.7 60 -31 6.8 +1.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 21.6 12 17 6.6 +1.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 21.6 29 0 -0.4 -5.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 20.7 30 -1 6.9 +1.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 19.8 24 5 5.9 +0.5
FYT First Trust Small Cap Value AlphaDEX Fund 19.5 72 -43 9.2 +3.8
ROGS Hartford Multifactor Global Small Cap ETF 19.4 34 -5 7.2 +1.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 19.2 35 -6 5.3 -0.1
PSC Principal U.S. Small Cap Index ETF 19.2 38 -9 5.3 -0.1
VBR Vanguard Small Cap Value Index Fund 18.9 7 22 7.1 +1.7
FSMD Fidelity Small-Mid Factor ETF 18.2 29 0 5.7 +0.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 17.9 6 23 4.5 -0.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 17.6 17 12 4.3 -1.1
VFLQ Vanguard U.S. Liquidity Factor ETF 17.6 14 15 3.7 -1.7
VFQY Vanguard U.S. Quality Factor ETF 16.4 13 16 5.8 +0.4
SQLV Legg Mason Small-Cap Quality Value 16.2 62 -33 5.5 +0.1
FAB First Trust Multi Cap Value AlphaDEX Fund 16.0 71 -42 8.2 +2.9
VFMF Vanguard U.S. Multifactor ETF 15.6 19 10 6.5 +1.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 15.0 16 13 4.7 -0.7
ISMD Inspire Small/Mid Cap Impact ETF 14.6 60 -31 4.2 -1.2
SLYG SPDR S&P 600 Small Cap Growth ETF 14.5 15 14 4.9 -0.5
IJT iShares S&P Small-Cap 600 Growth ETF 14.4 25 4 4.8 -0.6
AFSM First Trust Active Factor Small Cap ETF 13.7 75 -46 5.1 -0.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 13.4 38 -9 7.6 +2.2
QABA First Trust NASDAQ ABA Community Bank Index Fund 13.2 60 -31 8.5 +3.1
BKSE BNY Mellon US Small Cap Core Equity ETF 13.2 4 25 5.1 -0.3
NUSC Nuveen ESG Small-Cap ETF 13.0 40 -11 4.2 -1.2
VB Vanguard Small-Cap ETF 12.1 5 24 4.8 -0.6
PSCF Invesco S&P SmallCap Financials ETF 11.6 29 0 9.6 +4.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 11.0 39 -10 7.9 +2.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 10.9 20 9 4.4 -1.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 10.8 35 -6 7.0 +1.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.6 20 9 7.8 +2.4
VXF Vanguard Extended Market Index Fund 10.6 6 23 2.8 -2.6
EZM WisdomTree U.S. MidCap Earnings Fund 10.0 38 -9 7.6 +2.2
DEEP Roundhill Acquirers Deep Value ETF 9.8 80 -51 8.3 +2.9
TUSA First Trust Total US Market AlphaDEX ETF 9.2 70 -41 5.3 -0.1
CALF Pacer US Small Cap Cash Cows 100 ETF 9.2 59 -30 8.0 +2.6
IWO iShares Russell 2000 Growth ETF 8.8 24 5 -0.1 -5.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 8.5 40 -11 6.2 +0.8
JKJ iShares Morningstar Small-Cap ETF 8.5 25 4 5.6 +0.2
FDM First Trust Dow Jones Select Microcap Index Fund 8.3 60 -31 2.5 -2.9
VTWG Vanguard Russell 2000 Growth Index Fund 8.0 15 14 -0.0 -5.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 7.9 25 4 5.6 +0.2
XSHQ Invesco S&P SmallCap Quality ETF 7.7 29 0 6.0 +0.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 7.6 15 14 7.3 +1.9
MDYV SPDR S&P 400 Mid Cap Value ETF 7.6 15 14 7.3 +1.9
IJJ iShares S&P Mid-Cap 400 Value ETF 7.6 25 4 7.2 +1.8
IVOO Vanguard S&P Mid-Cap 400 ETF 7.6 10 19 5.8 +0.4
IJH iShares Core S&P Mid-Cap ETF 7.5 5 24 5.8 +0.4
MDY SPDR S&P Midcap 400 ETF Trust 7.5 23 6 5.6 +0.2
SPMD SPDR Portfolio Mid Cap ETF 7.5 5 24 5.8 +0.4
SMDY Syntax Stratified MidCap ETF 7.4 30 -1 5.9 +0.5
BFOR Barron's 400 ETF 7.4 65 -36 6.0 +0.6
JKL iShares Morningstar Small Cap Value ETF 7.3 30 -1 8.3 +2.9
PSCI Invesco S&P SmallCap Industrials ETF 7.0 29 0 5.6 +0.2
RWK Invesco S&P MidCap 400 Revenue ETF 7.0 39 -10 6.7 +1.4
VUSE Vident Core US Equity Fund 6.9 48 -19 7.9 +2.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 6.7 35 -6 8.5 +3.1
KRE SPDR S&P Regional Banking ETF 6.6 35 -6 8.5 +3.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 6.4 7 22 4.6 -0.8
FYC First Trust Small Cap Growth AlphaDEX Fund 6.3 70 -41 2.0 -3.4
XSLV Invesco S&P SmallCap Low Volatility ETF 6.3 25 4 5.1 -0.3
ROOF IQ US Real Estate Small Cap ETF 6.1 70 -41 9.5 +4.1
PXSG Invesco S&P SmallCap Momentum ETF 5.4 39 -10 4.1 -1.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 5.3 66 -37 2.0 -3.4
JSML Janus Henderson Small Cap Growth Alpha ETF 5.3 30 -1 6.8 +1.5
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 5.2 29 0 7.3 +1.9

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 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.8 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.49
 
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.