PGIM QMA Strategic Alpha Small-Cap Value ETF
ALTAR
Score™
16.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
7.8x P/Sales
ratio
0.4x
P/BV
ratio
0.5x Div.
yield
5.5%


  • 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) $6
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 685
Wgt avg mkt cap (mns) $683
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 5.9%
Small cap (<$2bn) 94.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
BONANZA CREEK ENERGY INC 0.3 %
ECLIPSE RESOURCES CORP 0.2 %
LIQUIDITY SERVICES INC 0.2 %
FALCON MINERALS CORP. CLASS A 0.2 %
DHI GROUP, INC. 0.2 %
ASTEC INDUSTRIES INC 0.2 %
CONSOL ENERGY INC 0.2 %
QEP RESOURCES 0.2 %
ADVANSIX, INC. 0.2 %
INGLES MARKETS INC -CL A 0.2 %
Total 2.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.4 %
BERMUDA 1.2 %
CAYMAN ISLANDS 0.6 %
PUERTO RICO 0.4 %
BRITAIN 0.3 %
MONACO 0.3 %
CANADA 0.3 %
ISRAEL 0.2 %
GREECE 0.2 %
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.
-38.5% -31.8% -- -- -25.9%

Market Correlations
versus... Beta R-squared
S&P500 1.44 87%
MSCI EAFE 1.56 92%
MSCI Emg. Mkts. 1.28 84%

Technical Indicators
Recent close $28.98
30d moving avg. $37.29
Annualized volatility 31.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 29

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 1.33%
ADV underlying (mns) $5,275

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 16.1%


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 ETF 41.4 24 5 10.4 -5.7
VTWV Vanguard Russell 2000 Value Index Fund 41.2 15 14 10.5 -5.5
CSML IQ Chaikin U.S. Small Cap ETF 34.7 35 -6 7.9 -8.2
EES WisdomTree SmallCap Earnings Fund 34.5 38 -9 18.6 +2.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 33.9 20 9 9.0 -7.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 32.7 40 -11 9.2 -6.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 31.6 39 -10 6.5 -9.6
IWC iShares Micro-Cap ETF 29.3 60 -31 -5.0 -21.1
DES WisdomTree U.S. SmallCap Dividend Fund 29.2 38 -9 12.7 -3.4
VTWO Vanguard Russell 2000 Index Fund 28.7 10 19 5.8 -10.3
IWM iShares Russell 2000 ETF 28.7 19 10 5.6 -10.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 27.5 29 0 3.5 -12.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 27.4 29 0 8.6 -7.5
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 26.4 35 -6 11.8 -4.3
SLYV SPDR S&P 600 Small Cap Value ETF 25.9 15 14 12.6 -3.5
IJS iShares S&P Small-cap 600 Value ETF 25.8 25 4 12.4 -3.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 25.6 15 14 12.6 -3.5
TPSC Timothy Plan US Small Cap Core ETF 25.0 52 -23 11.2 -4.9
FYX First Trust Small Cap Core AlphaDEX Fund 24.8 63 -34 9.2 -6.9
IJR iShares Core S&P Small Cap ETF 24.8 7 22 9.9 -6.2
SPSM SPDR Portfolio Small Cap ETF 24.8 5 24 9.9 -6.2
SLY SPDR S&P 600 Small Cap ETF 24.8 15 14 9.8 -6.3
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 24.7 35 -6 11.8 -4.3
VIOO Vanguard S&P Small-Cap 600 ETF 24.6 10 19 9.8 -6.2
FNDA Schwab Fundamental U.S. Small Co. Index ETF 24.4 25 4 9.9 -6.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 23.2 39 -10 9.9 -6.2
IUSS Invesco Strategic US Small Company ETF 22.8 23 6 9.1 -6.9
AVUV Avantis U.S. Small Cap Value ETF 22.6 25 4 13.9 -2.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 22.5 39 -10 8.9 -7.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 22.3 12 17 12.0 -4.1
RNSC Small Cap US Equity Select ETF 21.8 60 -31 9.7 -6.3
SCHA Schwab U.S. Small-Cap ETF 20.9 4 25 7.5 -8.6
ROGS Hartford Multifactor Global Small Cap ETF 20.6 34 -5 12.0 -4.1
BUY USCF SummerHaven SHPEI Index Fund 20.6 80 -51 17.6 +1.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 19.9 30 -1 10.9 -5.2
FYT First Trust Small Cap Value AlphaDEX Fund 19.5 72 -43 14.1 -2.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 19.5 24 5 11.3 -4.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 19.0 35 -6 9.4 -6.7
VBR Vanguard Small Cap Value Index Fund 18.8 7 22 12.3 -3.8
VFVA Vanguard U.S. Value Factor ETF 18.6 13 16 16.9 +0.9
AFSM First Trust Active Factor Small Cap ETF 18.1 75 -46 9.8 -6.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 17.2 6 23 8.1 -8.0
SQLV Legg Mason Small-Cap Quality Value 16.9 62 -33 11.7 -4.4
VFMF Vanguard U.S. Multifactor ETF 16.4 18 11 11.2 -4.9
PSC Principal U.S. Small Cap Index ETF 16.3 38 -9 11.0 -5.1
FSMD Fidelity Small-Mid Factor ETF 16.2 29 0 10.1 -6.0
VFLQ Vanguard U.S. Liquidity Factor ETF 16.0 13 16 5.5 -10.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 15.5 17 12 7.4 -8.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 15.3 38 -9 13.6 -2.5
VFQY Vanguard U.S. Quality Factor ETF 15.3 13 16 8.7 -7.4
ISMD Inspire Small/Mid Cap Impact ETF 14.9 61 -32 9.8 -6.3
FDM First Trust Dow Jones Select Microcap Index Fund 14.3 60 -31 11.9 -4.2
QABA First Trust NASDAQ ABA Community Bank Index Fund 13.5 60 -31 13.7 -2.4
NUSC Nuveen ESG Small-Cap ETF 13.4 40 -11 7.6 -8.4
FAB First Trust Multi Cap Value AlphaDEX Fund 13.1 71 -42 13.7 -2.4
SCAP AdvisorShares Cornerstone Small Cap ETF 12.9 90 -61 7.9 -8.1
VB Vanguard Small-Cap ETF 12.5 5 24 8.2 -7.8
SLYG SPDR S&P 600 Small Cap Growth ETF 12.4 15 14 7.8 -8.3
IJT iShares S&P Small-Cap 600 Growth ETF 12.4 25 4 7.7 -8.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 12.3 16 13 7.8 -8.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 12.3 35 -6 13.3 -2.8
JKJ iShares Morningstar Small-Cap ETF 12.2 25 4 9.3 -6.8
VXF Vanguard Extended Market Index Fund 11.8 7 22 6.0 -10.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 11.8 39 -10 16.4 +0.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 10.2 20 9 7.9 -8.2
VTWG Vanguard Russell 2000 Growth Index Fund 10.1 15 14 1.8 -14.3
IWO iShares Russell 2000 Growth ETF 10.1 24 5 1.6 -14.5
JKL iShares Morningstar Small Cap Value ETF 9.8 30 -1 15.4 -0.7
CALF Pacer US Small Cap Cash Cows 100 ETF 9.7 59 -30 18.1 +2.1
EZM WisdomTree U.S. MidCap Earnings Fund 9.4 38 -9 14.2 -1.9
PSCF Invesco S&P SmallCap Financials ETF 9.1 29 0 15.8 -0.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 8.5 40 -11 10.0 -6.1
JHSC John Hancock Multifactor Small Cap ETF 8.5 50 -21 8.9 -7.2
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 8.4 35 -6 12.8 -3.3
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 8.3 48 -19 9.1 -7.0
XSHQ Invesco S&P SmallCap Quality ETF 8.2 29 0 8.1 -7.9
TUSA First Trust Total US Market AlphaDEX ETF 8.0 70 -41 9.5 -6.6
MDYV SPDR S&P 400 Mid Cap Value ETF 7.4 15 14 12.4 -3.7
IJJ iShares S&P Mid-Cap 400 Value ETF 7.4 25 4 12.3 -3.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 7.4 15 14 12.5 -3.5
VUSE Vident Core US Equity Fund 7.3 48 -19 11.3 -4.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 7.2 20 9 10.5 -5.5
PSCI Invesco S&P SmallCap Industrials ETF 7.2 29 0 10.2 -5.9
XSLV Invesco S&P SmallCap Low Volatility ETF 7.1 25 4 12.0 -4.1
FYC First Trust Small Cap Growth AlphaDEX Fund 7.1 70 -41 3.7 -12.4
MDY SPDR S&P Midcap 400 ETF Trust 7.1 23 6 9.1 -6.9
SPMD SPDR Portfolio Mid Cap ETF 7.1 5 24 9.3 -6.8
VFMO Vanguard U.S. Momentum Factor ETF 7.1 13 16 4.8 -11.3
IJH iShares Core S&P Mid-Cap ETF 7.0 6 23 9.3 -6.8
IVOO Vanguard S&P Mid-Cap 400 ETF 7.0 10 19 9.3 -6.8
KRE SPDR S&P Regional Banking ETF 6.9 35 -6 16.4 +0.3
SMDY Syntax Stratified MidCap ETF 6.9 30 -1 9.4 -6.7
BFOR Barron's 400 ETF 6.6 66 -37 9.2 -6.9
IFRA iShares U.S. Infrastructure ETF 6.4 40 -11 7.9 -8.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 6.4 25 4 8.7 -7.3
RWK Invesco S&P MidCap 400 Revenue ETF 6.3 39 -10 12.0 -4.0
FNX First Trust Mid Cap Core AlphaDEX Fund 6.3 61 -32 10.5 -5.6
RNMC Mid Cap US Equity Select ETF 6.0 60 -31 10.3 -5.8
DWAS Invesco DWA SmallCap Momentum ETF 6.0 60 -31 -1.2 -17.2
KOMP SPDR Kensho New Economies Composite ETF 5.5 20 9 2.8 -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 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.6 %
Divided by: Fwd. P/BV 0.5 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 16.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.