Principal Price Setters Index ETF
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
25.7x P/Sales
ratio
3.5x
P/BV
ratio
5.0x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Principal Price Setters Index ETF tracks an index of large-cap US firms with a high degree of pricing power. Holdings are selected by several fundamental and technical factors, and weighted equally within three tiers.

FUND BASICS
Category US Equities
Fund Sponsor The Principal Financial Group
Website www.principaletfs.com
Inception date Mar 21, 2016
Assets (mns) $18
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 148
Wgt avg mkt cap (mns) $90,766
Large cap (>$10bn) 94.9%
Mid cap ($2-10bn) 5.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MARKETAXESS HOLDINGS INC 1.5 %
CADENCE DESIGN SYS INC 1.3 %
CLOROX COMPANY 1.2 %
ELI LILLY & CO 1.2 %
FASTENAL CO 1.2 %
FACTSET RESEARCH SYSTEMS INC 1.1 %
NASDAQ OMX GROUP/THE 1.1 %
SHERWIN-WILLIAMS CO/THE 1.1 %
MICROSOFT CORP 1.1 %
AMERICAN TOWER CORP-CL A 1.1 %
Total 11.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
IRELAND 1.6 %
BERMUDA 0.9 %
SWITZERLAND 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.2% 10.1% -- -- 11.8%

Market Correlations
versus... Beta R-squared
S&P500 0.88 96%
MSCI EAFE 0.87 79%
MSCI Emg. Mkts. 0.62 61%

Technical Indicators
Recent close $38.96
30d moving avg. $36.66
Annualized volatility 15.3%
Short interest (ETF) 0.6%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $78,667

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Principal Price Setters Index ETF ETF based on the alternatives' overlap in portfolio holdings with PSET. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PSET Expense: 29 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PSET
Ticker Fund
Name
Overlap1
vs PSET
(%)
Expense
ratio
(bp)
Savings
vs PSET
(bp)
ALTAR
Score™
(%)
ALTAR
vs PSET
(%)
FTC First Trust Large Cap Growth AlphaDEX Fund 38.8 61 -32 3.0 -1.6
JQUA JPMorgan U.S. Quality Factor ETF 36.9 12 17 5.3 +0.6
USMV iShares Edge MSCI Min Vol USA ETF 35.8 15 14 5.7 +1.1
QUS SPDR MSCI USA StrategicFactors ETF 34.3 15 14 5.9 +1.2
JMIN JPMorgan U.S. Minimum Volatility ETF 34.0 12 17 5.8 +1.2
FLQL Franklin LibertyQ U.S. Equity ETF 33.8 15 14 6.3 +1.7
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 33.5 29 0 4.3 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 33.4 9 20 5.6 +1.0
FDLO Fidelity Low Volatility Factor ETF 32.3 29 0 5.2 +0.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 32.2 75 -46 3.7 -1.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 32.1 35 -6 5.8 +1.2
FQAL Fidelity Quality Factor ETF 31.3 29 0 5.5 +0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 30.9 30 -1 6.8 +2.1
JMOM JPMorgan U.S. Momentum Factor ETF 30.7 12 17 3.9 -0.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.5 19 10 6.3 +1.6
AFLG First Trust Active Factor Large Cap ETF 30.4 55 -26 5.6 +1.0
DEF Invesco Defensive Equity ETF 30.1 55 -26 5.0 +0.4
LEAD Reality Shares DIVCON Leaders Dividend ETF 29.6 43 -14 4.4 -0.3
DFND Reality Shares DIVCON Dividend Defender ETF 29.6 121 -92 3.6 -1.1
RPG Invesco S&P 500 Pure Growth ETF 29.4 35 -6 4.4 -0.2
VSDA VictoryShares Dividend Accelerator ETF 29.4 35 -6 4.8 +0.2
KLCD KFA Large Cap Quality Dividend Index ETF 29.3 41 -12 5.3 +0.7
JHML John Hancock Multifactor Large Cap ETF 29.2 34 -5 5.6 +1.0
SCIU Global X Scientific Beta US ETF 29.0 19 10 5.8 +1.1
PBP Invesco S&P 500 BuyWrite ETF 28.7 49 -20 5.1 +0.5
FVL First Trust Value Line 100 Exchange-Traded Fund 28.6 70 -41 4.9 +0.2
SPLV Invesco S&P 500 Low Volatility ETF 28.6 25 4 5.7 +1.0
TPLC Timothy Plan US Large Cap Core ETF 28.5 52 -23 5.4 +0.8
PDP Invesco DWA Momentum ETF 28.1 62 -33 2.8 -1.9
IWF iShares Russell 1000 Growth ETF 27.9 19 10 4.3 -0.3
VONG Vanguard Russell 1000 Growth Index Fund 27.9 8 21 4.4 -0.2
HSPX Global X S&P 500 Covered Call ETF 27.9 65 -36 5.0 +0.3
RNLC Large Cap US Equity Select ETF 27.8 60 -31 6.2 +1.6
SPXE ProShares S&P 500 Ex-Energy ETF 27.8 27 2 5.4 +0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 27.8 9 20 5.9 +1.3
KRMA Global X Conscious Companies ETF 27.7 43 -14 5.3 +0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 27.7 20 9 5.5 +0.9
CLRG IQ Chaikin U.S. Large Cap ETF 27.5 25 4 6.1 +1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 27.5 12 17 5.1 +0.5
PBUS Invesco PureBeta MSCI USA ETF 27.5 4 25 5.4 +0.8
EXT WisdomTree U.S. Total Earnings Fund 27.3 28 1 5.8 +1.2
TTAC TrimTabs Float Shrink ETF 27.3 59 -30 3.6 -1.0
SPLG SPDR Portfolio Large Cap ETF 27.3 3 26 5.5 +0.9
IVV iShares Core S&P 500 ETF 27.3 4 25 5.5 +0.9
SPY SPDR S&P 500 ETF Trust 27.3 9 20 5.5 +0.8
LGLV SPDR Russell 1000 Low Volatility ETF 27.2 12 17 5.6 +1.0
VV Vanguard Large-Cap Index Fund 27.2 4 25 5.4 +0.8
VOO VANGUARD S&P 500 ETF 27.1 3 26 5.5 +0.9
SCHX Schwab U.S. Large-Cap ETF 27.0 3 26 5.4 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 26.9 27 2 5.1 +0.5
RBUS Nationwide Risk-Based U.S. Equity ETF 26.9 30 -1 5.1 +0.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 26.8 30 -1 6.0 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 26.7 2 27 5.4 +0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 26.7 4 25 4.5 -0.2
IVW iShares S&P 500 Growth ETF 26.7 18 11 4.3 -0.3
VOOG Vanguard S&P 500 Growth ETF 26.6 10 19 4.4 -0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 26.6 35 -6 5.8 +1.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 26.5 17 12 6.5 +1.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 26.4 20 9 5.1 +0.4
IUSG iShares Core S&P US Growth ETF 26.4 4 25 4.5 -0.1
QUAL iShares MSCI Usa Quality Factor ETF 26.4 15 14 5.4 +0.8
IWB iShares Russell 1000 ETF 26.3 15 14 5.3 +0.7
SPTM SPDR Portfolio Total Stock Market ETF 26.3 3 26 5.6 +1.0
SCHK Schwab 1000 Index ETF 26.3 5 24 5.4 +0.8
VONE Vanguard Russell 1000 ETF 26.2 8 21 5.4 +0.8
IYY iShares Dow Jones U.S. ETF 26.2 20 9 5.3 +0.6
ETHO Etho Climate Leadership U.S. ETF 26.0 47 -18 4.4 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 26.0 15 14 6.4 +1.7
ESGU iShares MSCI USA ESG Optimized ETF 26.0 15 14 5.2 +0.5
IWP iShares Russell Mid-Cap Growth ETF 25.7 24 5 4.2 -0.4
VTI Vanguard Total Stock Market Index Fund 25.6 3 26 5.3 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 25.6 29 0 5.3 +0.7
MGC Vanguard Mega Cap Index Fund 25.5 7 22 5.3 +0.7
SCHB Schwab U.S. Broad Market ETF 25.5 3 26 5.4 +0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 25.5 3 26 5.3 +0.6
SFY SoFi Select 500 ETF 25.4 0 29 5.4 +0.7
EPS WisdomTree U.S. Earnings 500 Fund 25.4 8 21 6.5 +1.9
USMF WisdomTree U.S. Multifactor Fund 25.4 28 1 6.1 +1.5
IWV iShares Russell 3000 ETF 25.3 20 9 5.2 +0.5
PFM Invesco Dividend Achievers ETF 25.3 54 -25 5.4 +0.7
VTHR Vanguard Russell 3000 Index Fund 25.3 10 19 5.3 +0.6
RECS Columbia Research Enhanced Core ETF 25.2 15 14 5.7 +1.1
IWL iShares Russell Top 200 ETF 24.9 15 14 5.2 +0.6
FEX First Trust Large Cap Core AlphaDEX Fund 24.9 60 -31 6.1 +1.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 24.8 49 -20 5.5 +0.8
SIZE iShares Edge MSCI USA Size Factor ETF 24.8 15 14 6.0 +1.4
EUSA iShares MSCI USA Equal Weighted ETF 24.8 15 14 6.1 +1.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 24.8 70 -41 4.8 +0.2
RSP Invesco S&P 500 Equal Weight ETF 24.8 20 9 6.9 +2.2
NULG Nuveen ESG Large-Cap Growth ETF 24.7 35 -6 3.4 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.6 29 0 6.2 +1.6
FLLV Franklin Liberty U.S. Low Volatility ETF 24.5 29 0 5.7 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 24.5 60 -31 4.5 -0.1
QWLD SPDR MSCI World StrategicFactors ETF 24.5 30 -1 6.1 +1.5
IWY iShares Russell Top 200 Growth ETF 24.5 20 9 4.3 -0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 24.4 17 12 6.9 +2.3
EQWL Invesco Russell Top 200 Equal Weight ETF 24.4 25 4 6.0 +1.4
IQSU IQ Candriam ESG US Equity ETF 24.2 9 20 5.3 +0.7
ROUS Hartford Multifactor US Equity ETF 24.1 19 10 7.2 +2.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 24.0 49 -20 4.2 -0.5

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:
Principal Price Setters Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.9 %
Divided by: Fwd. P/BV 4.6 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.53
 
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.