PGIM QMA Strategic Alpha Small-Cap Value
ALTAR
Score™
7.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.7x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
2.6%


  • 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 733
Wgt avg mkt cap (mns) $1,020
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 16.7%
Small cap (<$2bn) 83.3%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
BIOTIME INC 0.3 %
KEZAR LIFE SCIENCES INC 0.2 %
NAVISTAR INTERNATIONAL 0.2 %
ERA GROUP INC 0.2 %
CONSOLIDATED COMMUNICATIONS HOLDIN 0.2 %
FGL HOLDINGS CLASS A 0.2 %
REALOGY HOLDINGS CORP 0.2 %
VISTA OUTDOOR INC 0.2 %
LAUREATE EDUCATION, INC. CLASS A 0.2 %
FIRST INTERNET BANCORP 0.2 %
Total 1.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
BERMUDA 0.7 %
CAYMAN ISLANDS 0.6 %
PUERTO RICO 0.4 %
BRITAIN 0.4 %
MONACO 0.3 %
CANADA 0.3 %
LUXEMBOURG 0.3 %
PANAMA 0.1 %
NETHERLANDS 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.9% 4.4% -- -- 1.4%

Market Correlations
versus... Beta R-squared
S&P500 1.23 81%
MSCI EAFE 1.60 86%
MSCI Emg. Mkts. 1.07 68%

Technical Indicators
Recent close $50.42
30d moving avg. $51.32
Annualized volatility 21.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $5,050

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the PGIM QMA Strategic Alpha Small-Cap Value 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™: 7.1%


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 43.4 24 5 6.1 -1.0
VTWV Vanguard Russell 2000 Value 43.1 20 9 6.1 -1.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 36.1 20 9 5.5 -1.6
EWSC Invesco S&P Small Cap 600 Equal Weight 34.1 40 -11 5.4 -1.8
EES WisdomTree SmallCap Earnings 33.2 38 -9 8.9 +1.8
PRFZ Invesco FTSE-RAFI Small-Mid 1500 31.8 39 -10 4.6 -2.6
IWM iShares Russell 2000 31.1 19 10 3.6 -3.6
IWC iShares Russell Microcap 31.1 60 -31 -7.4 -14.6
VTWO Vanguard Russell 2000 30.8 15 14 3.6 -3.6
DES WisdomTree Smallcap Dividend 29.6 38 -9 7.3 +0.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 27.8 29 0 4.1 -3.1
IJR iShares Core S&P Small-Cap 25.5 7 22 6.1 -1.0
SPSM SPDR Portfolio Small Cap 25.4 5 24 6.2 -1.0
SLY SPDR S&P 600 Small Cap 25.4 15 14 6.1 -1.1
CSF Compass EMP US Discovery 500 Enhanced Vol. 25.3 35 -6 7.3 +0.2
CSA Victory CEMP US Small Cap Volatility Wtd 25.3 35 -6 7.3 +0.2
SLYV SPDR S&P600 Small Cap Value 25.3 15 14 7.4 +0.2
VIOO Vanguard S&P Small-Cap 600 25.1 15 14 5.9 -1.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth 25.1 29 0 0.0 -7.1
IJS iShares S&P 600 SmallCap Value 25.1 25 4 7.2 +0.1

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.9 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.56
 
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.