PGIM QMA Strategic Alpha Small-Cap Value ETF
ALTAR
Score™
10.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
39.7x P/Sales
ratio
0.6x
P/BV
ratio
0.7x Div.
yield
3.0%


  • 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) $8
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 682
Wgt avg mkt cap (mns) $899
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 12.2%
Small cap (<$2bn) 87.8%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
OFFICE DEPOT INC 1.5 %
QEP RESOURCES 0.5 %
PENN VIRGINIA CORPORATION 0.4 %
MERIDIAN BIOSCIENCE INC 0.4 %
OPKO HEALTH INC 0.4 %
BIG LOTS INC 0.4 %
AMERICAN OUTDOOR BRANDS CORPORATIO 0.4 %
SONIC AUTOMOTIVE INC-CLASS A 0.3 %
SLEEP NUMBER CORPORATION 0.3 %
RAYONIER ADVANCED MATERIALS INC 0.3 %
Total 4.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.1 %
BERMUDA 1.2 %
CAYMAN ISLANDS 0.5 %
PUERTO RICO 0.4 %
CANADA 0.3 %
BRITAIN 0.3 %
MONACO 0.2 %
LUXEMBOURG 0.2 %
GREECE 0.1 %
ISRAEL 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.
-24.6% -17.6% -- -- -11.6%

Market Correlations
versus... Beta R-squared
S&P500 1.40 88%
MSCI EAFE 1.58 92%
MSCI Emg. Mkts. 1.26 87%

Technical Indicators
Recent close $37.78
30d moving avg. $39.49
Annualized volatility 32.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $7,353

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™: 10.0%


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
(%)
VTWV Vanguard Russell 2000 Value Index Fund 42.1 15 14 7.7 -2.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 39.9 39 -10 8.0 -2.0
IWN iShares Russell 2000 Value ETF 38.6 24 5 7.5 -2.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 35.9 40 -11 7.0 -3.1
CSML IQ Chaikin U.S. Small Cap ETF 34.4 35 -6 4.3 -5.8
EES WisdomTree SmallCap Earnings Fund 34.0 38 -9 12.0 +2.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 33.4 20 9 6.2 -3.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 30.5 39 -10 4.3 -5.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 29.5 29 0 5.8 -4.3
IWC iShares Micro-Cap ETF 29.2 60 -31 -4.0 -14.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 28.6 35 -6 8.5 -1.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 28.5 29 0 1.8 -8.2
TPSC Timothy Plan US Small Cap Core ETF 28.1 52 -23 8.5 -1.6
IWM iShares Russell 2000 ETF 27.7 19 10 3.7 -6.3
VTWO Vanguard Russell 2000 Index Fund 27.3 10 19 3.8 -6.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 27.2 15 14 9.9 -0.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 26.8 35 -6 8.5 -1.6
SLYV SPDR S&P 600 Small Cap Value ETF 26.6 15 14 9.6 -0.5
DES WisdomTree U.S. SmallCap Dividend Fund 26.6 38 -9 9.0 -1.0
IJS iShares S&P Small-cap 600 Value ETF 26.4 25 4 9.5 -0.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 26.2 39 -10 8.0 -2.0
IUSS Invesco Strategic US Small Company ETF 26.2 23 6 5.6 -4.4
VIOO Vanguard S&P Small-Cap 600 ETF 26.1 10 19 7.4 -2.6
SSLY Syntax Stratified SmallCap ETF 26.0 30 -1 6.3 -3.7
SPSM SPDR Portfolio Small Cap ETF 25.6 5 24 7.3 -2.7
SLY SPDR S&P 600 Small Cap ETF 25.5 15 14 7.2 -2.8
IJR iShares Core S&P Small Cap ETF 25.4 7 22 7.3 -2.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 25.2 25 4 6.9 -3.1
FYX First Trust Small Cap Core AlphaDEX Fund 24.7 63 -34 6.8 -3.2
RNSC Small Cap US Equity Select ETF 24.1 60 -31 8.0 -2.1
AVUV Avantis U.S. Small Cap Value ETF 23.1 25 4 9.6 -0.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.7 24 5 7.4 -2.6
BUY USCF SummerHaven SHPEI Index Fund 21.7 80 -51 10.5 +0.5
PSC Principal U.S. Small Cap Index ETF 21.7 38 -9 7.2 -2.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 21.4 30 -1 8.0 -2.0
ROGS Hartford Multifactor Global Small Cap ETF 20.7 34 -5 8.2 -1.9
VFVA Vanguard U.S. Value Factor ETF 20.7 14 15 11.7 +1.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 20.7 35 -6 6.5 -3.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 20.3 12 17 8.1 -2.0
SCHA Schwab U.S. Small-Cap ETF 19.0 4 25 4.8 -5.2
VBR Vanguard Small Cap Value Index Fund 18.9 7 22 8.6 -1.4
AFSM First Trust Active Factor Small Cap ETF 18.9 75 -46 5.8 -4.2
FYT First Trust Small Cap Value AlphaDEX Fund 18.9 72 -43 9.7 -0.3
SQLV Legg Mason Small-Cap Quality Value 17.9 62 -33 8.1 -2.0
VFMF Vanguard U.S. Multifactor ETF 16.8 19 10 7.3 -2.8
VFLQ Vanguard U.S. Liquidity Factor ETF 16.8 14 15 4.8 -5.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 16.0 6 23 5.5 -4.6
BKSE BNY Mellon US Small Cap Core Equity ETF 15.9 4 25 5.8 -4.2
FSMD Fidelity Small-Mid Factor ETF 15.8 29 0 7.2 -2.9
VFQY Vanguard U.S. Quality Factor ETF 15.4 13 16 6.1 -3.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 15.1 17 12 5.3 -4.7
ISMD Inspire Small/Mid Cap Impact ETF 14.6 60 -31 6.7 -3.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 14.6 35 -6 10.5 +0.5
FAB First Trust Multi Cap Value AlphaDEX Fund 14.3 71 -42 9.8 -0.3
FDM First Trust Dow Jones Select Microcap Index Fund 14.1 60 -31 7.6 -2.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 13.8 38 -9 9.3 -0.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 13.7 39 -10 12.1 +2.1
NUSC Nuveen ESG Small-Cap ETF 13.5 40 -11 5.5 -4.5
SLYG SPDR S&P 600 Small Cap Growth ETF 13.2 15 14 5.4 -4.7
IJT iShares S&P Small-Cap 600 Growth ETF 13.2 25 4 5.3 -4.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 12.9 16 13 5.3 -4.7
VB Vanguard Small-Cap ETF 11.8 5 24 5.5 -4.5
QABA First Trust NASDAQ ABA Community Bank Index Fund 11.2 60 -31 11.0 +0.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.8 20 9 9.7 -0.4
CALF Pacer US Small Cap Cash Cows 100 ETF 10.7 59 -30 13.6 +3.6
VXF Vanguard Extended Market Index Fund 10.6 7 22 3.8 -6.2
IWO iShares Russell 2000 Growth ETF 10.2 24 5 0.8 -9.3
VTWG Vanguard Russell 2000 Growth Index Fund 10.0 15 14 0.8 -9.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 9.7 20 9 4.8 -5.2
PSCF Invesco S&P SmallCap Financials ETF 9.5 29 0 11.8 +1.8
EZM WisdomTree U.S. MidCap Earnings Fund 9.1 38 -9 9.4 -0.6
XSHQ Invesco S&P SmallCap Quality ETF 8.5 29 0 6.8 -3.3
JKJ iShares Morningstar Small-Cap ETF 8.5 25 4 6.9 -3.2
FYC First Trust Small Cap Growth AlphaDEX Fund 8.4 70 -41 2.6 -7.5
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 8.4 35 -6 9.7 -0.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 8.3 40 -11 7.4 -2.7
TUSA First Trust Total US Market AlphaDEX ETF 8.0 70 -41 6.1 -4.0
JHSC John Hancock Multifactor Small Cap ETF 8.0 42 -13 6.1 -4.0
VUSE Vident Core US Equity Fund 7.7 48 -19 8.5 -1.6
PSCI Invesco S&P SmallCap Industrials ETF 7.3 29 0 6.7 -3.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 7.1 29 0 9.8 -0.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 7.0 15 14 8.8 -1.3
KRE SPDR S&P Regional Banking ETF 7.0 35 -6 11.6 +1.6
SMDY Syntax Stratified MidCap ETF 7.0 30 -1 6.5 -3.5
MDYV SPDR S&P 400 Mid Cap Value ETF 6.9 15 14 8.9 -1.2
IJJ iShares S&P Mid-Cap 400 Value ETF 6.9 25 4 8.8 -1.3
IVOO Vanguard S&P Mid-Cap 400 ETF 6.9 10 19 6.6 -3.4
XSLV Invesco S&P SmallCap Low Volatility ETF 6.9 25 4 6.2 -3.9
MDY SPDR S&P Midcap 400 ETF Trust 6.8 23 6 6.6 -3.5
IJH iShares Core S&P Mid-Cap ETF 6.8 6 23 6.8 -3.3
SPMD SPDR Portfolio Mid Cap ETF 6.8 5 24 6.8 -3.3
JKL iShares Morningstar Small Cap Value ETF 6.8 30 -1 10.7 +0.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 6.4 7 22 5.6 -4.4
RWK Invesco S&P MidCap 400 Revenue ETF 6.3 39 -10 8.3 -1.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 6.2 35 -6 6.1 -3.9
BFOR Barron's 400 ETF 6.2 65 -36 6.4 -3.6
PXSG Invesco S&P SmallCap Momentum ETF 6.1 39 -10 5.1 -4.9
DWAS Invesco DWA SmallCap Momentum ETF 6.0 60 -31 -1.1 -11.1
RNMC Mid Cap US Equity Select ETF 6.0 60 -31 8.0 -2.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 5.9 25 4 6.7 -3.4

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 7.4 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.